Document:

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                                  EXHIBIT 10.18

                            STOCK PURCHASE AGREEMENT

                                  BY AND AMONG

                                  GARY WOFFORD
                                  LARRY WOFFORD
                                  DARLENE LYLE
                                  GAYLA JESSUP
                                 STANLEY WOFFORD

                WITH RESPECT TO ALL OF THE ISSUED AND OUTSTANDING
                                CAPITAL STOCK OF

                      WOFFORD COASTAL ELECTRIC MOTORS, INC.

                                       AND

                           TPS COASTAL ELECTRIC, INC.

                             DATED DECEMBER 4, 2000

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                                TABLE OF CONTENTS

                                                                           Page
                                                                           ----
STOCK PURCHASE AGREEMENT..................................................   1

RECITALS:.................................................................   1

AGREEMENT:................................................................   1
   1.   Agreement to Sell and Purchase.  .................................   1
        1.1.     Purchase of Shares from Shareholders.....................   1
        1.2.     Further Assurances.......................................   1
        1.3.     Closing..................................................   2
   2.   Consideration to be Paid by Buyer.................................   2
        2.1.     Purchase Price for Shares................................   2
        2.2.     Payment of Purchase Price................................   2
        2.3.     Purchase Price Adjustment................................   3
        2.4.     Pre-Closing Distribution of Supply Business..............   4
   3.   Representations and Warranties of Sellers.  ......................   5
        3.1.     Organization and Good Standing...........................   5
        3.2.     Authorization of Agreement...............................   5
        3.3.     Ownership of Shares......................................   5
        3.4.     Capitalization...........................................   5
        3.5.     Financial Condition......................................   6
        3.6.     Property of the Company..................................   7
        3.7.     Agreement Not in Breach of Other Instruments.............   9
        3.8.     Employment Agreements; and Employee Benefits.............   9
        3.9.     Labor and Employment Matters.............................  11
        3.11.    Contracts................................................  12
        3.12.    Regulatory Approvals.....................................  13
        3.13.    Compliance with Law......................................  13
        3.14.    Indebtedness from Employees..............................  14
        3.15.    Accounts Receivable......................................  14
        3.16.    Insurance................................................  14
        3.17.    Powers of Attorney and Suretyships.......................  14
        3.18.    No Undisclosed Liabilities...............................  14
        3.19.    Environmental Matters....................................  15
        3.20.    Conflicts of Interest....................................  15
        3.21.    Taxes....................................................  16
        3.22.    Other Information........................................  20
   4.   Representations and Warranties of Buyer.  ........................  20
        4.1.     Organization.............................................  20
        4.2.     Corporate Authority......................................  20
        4.3.     Agreement Not in Breach of Other Instruments.............  20

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        4.4.     Regulatory and Other Approvals...........................  21
   5.   Certain Understandings and Agreements of the Parties.  ...........  21
        5.1.     Cooperation in Litigation................................  21
        5.2.     Tax Matters..............................................  21
        5.3.     Employment Agreements....................................  23
        5.4.     Agreement with Respect to McAllen Property...............  23
   6.   Indemnification.  ................................................  25
        6.1.     Indemnification by Sellers...............................  25
        6.2.     Indemnification by Buyer.................................  26
        6.3.     Claims for Indemnification...............................  27
        6.4.     Defense by Indemnifying Party............................  28
        6.5.     Manner of Indemnification................................  28
        6.6.     Limitation on Indemnification............................  28
   6.7. Sole Basis for Recovery...........................................  29
   6.8. Joint and Several Liability.......................................  29
   7.   Documents To Be Delivered At Closing.  ...........................  29
        7.1.     Closing Documents Delivered by Sellers...................  29
        7.2.     Closing Documents Delivered by Buyer.  ..................  30
   8.   Miscellaneous.  ..................................................  30
        8.1.     Notices..................................................  30
        8.2.     Assignability and Parties in Interest....................  32
        8.3.     Governing Law............................................  32
        8.4.     Counterparts.............................................  32
        8.5.     Indemnification for Brokerage............................  32
        8.6.     Publicity................................................  32
        8.7.     Complete Agreement.......................................  32
        8.8.     Interpretation...........................................  33
        8.9.     Severability.............................................  33
        8.10.    Knowledge: Due Diligence Investigation...................  33
        8.11.    Expenses and Transactions................................  33
        8.12.    Limit on Interest........................................  33
        8.13.    Submission to Jurisdiction...............................  33
        8.14.    Arbitration..............................................  33
        8.15.    Waiver of Punitive Damages...............................  34

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                            STOCK PURCHASE AGREEMENT

         This STOCK PURCHASE AGREEMENT (this "Agreement") is made and entered
into as of this 4th day of December, 2000 by and among Gary Wofford, Larry
Wofford, Darlene Lyle, Gayla Jessup and Stanley Wofford (collectively, the
"Sellers"), being all the shareholders of Wofford Coastal Electric Motors, Inc.,
a Texas corporation (the "Company"), and TPS Coastal Electric, Inc., a Texas
corporation ("Buyer").

                                    RECITALS:

         (1) Sellers own all outstanding shares of the common stock, par value
$1.00 per share (the "Shares"), of the Company.

         (2) The Company is engaged in the business of repairing, servicing,
marketing and selling electric motors primarily to energy-related businesses.

         (3) Sellers desire to sell to Buyer the Shares, and Buyer desires to
acquire the Shares on the terms and conditions hereinafter set forth.

                                   AGREEMENT:

         NOW, THEREFORE, in consideration of the premises and the mutual
promises contained herein, the parties hereto covenant and agree as follows:

         1.       AGREEMENT TO SELL AND PURCHASE.

                  1.1.     PURCHASE OF SHARES FROM SHAREHOLDERS.

                  On the terms and subject to the conditions set forth herein,
         Sellers hereby sell, transfer, convey, assign and deliver to Buyer,
         free and clear of all liens, pledges, encumbrances and claims
         whatsoever, and Buyer hereby purchases, acquires and accepts from
         Sellers all the Shares. Sellers shall deliver to Buyer certificates
         representing the Shares, duly endorsed for transfer at the Closing (as
         defined in Section 1.3 hereof).

                  1.2.     FURTHER ASSURANCES.

                  From time to time after the Closing, Sellers and Buyer, and
         each of their respective affiliates, will execute and deliver to the
         other party such instruments of sale, transfer, conveyance, assignment
         and delivery, consents, assurances, powers of attorney and other
         instruments as may be reasonably requested by counsel for Buyer or
         Sellers in order to vest in Buyer all right, title and interest of
         Sellers in and to the Shares and otherwise in order to carry out the
         purpose and intent of this Agreement.

                  1.3.     CLOSING.

                  The closing (the "Closing") of the transactions herein
         contemplated shall take place at the offices of Porter & Hedges,
         L.L.P., 700 Louisiana, 34th Floor, Houston, Texas 77002 and be
         effective as of 12:01 a.m., local time, on the date hereof (the
         "Closing Date"). All actions taken and all documents delivered at the
         Closing shall be deemed to have occurred simultaneously.

         2.       CONSIDERATION TO BE PAID BY BUYER.

                  2.1.     PURCHASE PRICE FOR SHARES.

                  The purchase price for the Shares shall be an amount (the
         "Purchase Price") equal to $3,575,000, plus (a) the Company Debt (as
         hereinafter defined), plus or minus, (b) any Adjustment Amount (as
         defined

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         in Section 2.3). The "Company Debt" means an amount equal to all
         principal and accrued but unpaid interest as of the date hereof with
         respect to the debt obligations of the Company set forth in Schedule
         2.1(a). At closing, the Shareholders shall pay or cause to be paid the
         indebtedness set forth in Schedule 2.1(b).

                  2.2.     PAYMENT OF PURCHASE PRICE.

                           2.2.1.   CASH TO SELLERS.

                           At the Closing, Buyer shall pay in immediately
                  available funds by wire transfer (pursuant to the instructions
                  set forth on Schedule 2.2.1) to Sellers the Purchase Price,
                  less the Escrow Amount (as defined in Section 2.2.2), to the
                  separate accounts of Sellers in the following percentages:

                  NAME

                  Gary Wofford                          30.0%
                  Larry Wofford                         17.5%
                  Darlene Lyle                          17.5%
                  Gayla Jessup                          17.5%
                  Stanley Wofford                       17.5%

                           2.2.2. HOLDBACK. Buyer shall hold back from the
                  Purchase Price $200,000 (the "Holdback Amount"), which shall
                  be subject to indemnification claims of Buyer pursuant to
                  Section 6 and the purchase price adjustment described in
                  Section 2.3. The Holdback Amount, after taking into account
                  any claims pursuant to Section 6 and any Adjustment Amount (as
                  defined in Section 2.3) payable to Buyer to the extent not
                  paid by Sellers, shall be paid to Sellers with interest of 6%
                  per annum as follows:

                                    2.2.2.1.Upon the expiration of six months
                           after the Closing, Buyer shall pay to Sellers, in the
                           percentages set forth in Section 2.2.1, 50% of the
                           Holdback Amount, less any amounts claimed pursuant to
                           Section 6 by Buyer on or prior to such date and any
                           Adjustment Amount payable to Buyer to the extent not
                           previously paid by Sellers, plus interest accrued on
                           any such amount as provided in Section 2.2.3. On the
                           first anniversary of the Closing, Buyer shall pay to
                           the Sellers, in the percentages set forth in Section
                           2.2.1, the remaining Holdback Amount, less any
                           amounts claimed pursuant to Section 6 by Buyer on or
                           prior to such date and any Adjustment Amount payable
                           to Buyer to the extent not previously paid by
                           Sellers, plus interest accrued on such amount as
                           provided in Section 2.2.3.

                                    2.2.2.2. Buyer agrees that it will not apply
                           the Holdback Amount to any indemnification claims of
                           Buyer pursuant to Section 6 or the purchase price
                           adjustment described in Section 2.3 unless the
                           parties hereto have reached a mutual written
                           agreement with respect to any claim relating to such
                           matters.

                  2.3.     PURCHASE PRICE ADJUSTMENT.

                           2.3.1. On or before 45 days after the Closing Date,
                  Buyer shall prepare and deliver to Sellers, from the Company's
                  books and records and from a physical inventory conducted
                  under the supervision of Buyer with the assistance of Sellers
                  on or about the date hereof (the "Physical Inventory") and on
                  a basis consistent with the preparation of the July 31, 2000
                  financial information provided to Buyer by Sellers (as set
                  forth in Schedule 3.5.1, the "Company's July 31, 2000
                  Financial Statement"), a balance sheet for the Company as of
                  the close of business on November 30, 2000 (the "Closing
                  Financial Statement"), in order to determine the Adjustment
                  Amount (as defined in Section 2.3.3). Sellers shall review the
                  Closing Financial Statement to determine if the Closing
                  Financial Statement has been prepared based upon the books and
                  records

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                  of the Company and the Physical Inventory and that the numbers
                  reflected therein are accounted for using the same method of
                  accounting used by the Company to prepare the Company's July
                  31, 2000 Financial Statement. Sellers shall have the right to
                  assist and consult with Buyer in the preparation of the
                  Closing Financial Statement.

                           2.3.2. At Sellers' expense, Barbara Sliva ("Sliva")
                  may assist Sellers in reviewing the Closing Financial
                  Statement. Upon reasonable notice and during reasonable
                  business hours, Buyer shall allow Sellers and Sliva access to
                  the persons involved in the preparation of the Closing
                  Financial Statement and the Company's July 31, 2000 Financial
                  Statement and to all of their workpapers so as to permit
                  Sellers and Sliva to make copies of such workpapers supporting
                  the amounts included in the Closing Financial Statement and to
                  reasonably review the accounting procedures, tests, methods
                  and approaches utilized by Buyer.

                           2.3.3. On or before the 15th day following delivery
                  of the Closing Financial Statement pursuant to Section 2.3.1,
                  Sellers shall notify Buyer in writing of any objections to the
                  Closing Financial Statement (and the determination of the
                  Adjustment Amount) as not complying with the requirements of
                  Section 2.3.1, specifying in reasonable detail any such
                  objections (a "Dispute Notice"). If (i) Sellers do not deliver
                  a Dispute Notice within the time period specified above for
                  delivery of a Dispute Notice (the "Notice Period"), (ii) prior
                  to the expiration of the Notice Period, Sellers indicate in
                  writing to Buyer that Sellers relinquish their right to object
                  to the Closing Financial Statement, or (iii) Buyer and Sellers
                  agree on the resolution of all such objections or changes at
                  any time subsequent to the expiration of the Notice Period,
                  the Closing Financial Statement, with any such changes as are
                  agreed upon, shall be final and binding on the parties hereto.
                  If Sellers and Buyer are unable to resolve the matters
                  addressed in any Dispute Notice, each party shall within 20
                  days after the delivery of such Dispute Notice, summarize its
                  position with regard to such dispute in a written document of
                  ten pages or less and submit such summaries to the Houston,
                  Texas office of Arthur Andersen LLP, or such other party as
                  the parties may mutually select (the "Accounting Arbitrator"),
                  together with the Dispute Notice, the Closing Financial
                  Statement and any other documentation either party may desire
                  to submit. The Accounting Arbitrator shall render a decision
                  regarding such dispute in accordance with this Agreement,
                  based on the materials described above and to the extent
                  consistent with the Company's preparation of the July 31, 2000
                  Financial Statement and based upon the books and records of
                  the Company and the Physical Inventory within 30 days of the
                  submission of such materials. Any decision rendered by the
                  Accounting Arbitrator pursuant hereto shall be final and
                  binding between the parties for the purpose of determining the
                  Adjustment Amount under this Section 2.3. Within ten days
                  after the final determination of the Closing Financial
                  Statement pursuant to Section 2.3.3, either Buyer or Sellers
                  shall pay to the other party or parties, in immediately
                  available funds, by wire transfer, an amount equal to the
                  Adjustment Amount. If Sellers fail to make such payment then
                  Buyers are authorized to apply any or all of the Escrow Amount
                  to such payment. The "Adjustment Amount" shall mean either (i)
                  the amount by which the Net Working Capital (as defined below)
                  set forth on the Closing Financial Statement exceeds $359,077,
                  in which case the amount of such excess shall be paid by Buyer
                  to Sellers or (ii) the amount by which $359,077 exceeds the
                  Net Working Capital set forth on the Closing Financial
                  Statement, in which case the amount of such excess shall be
                  paid by Sellers to Buyer. For these purposes, the definition
                  of "Net Working Capital" shall be defined as current asset
                  minus current liabilities set forth on the Closing Financial
                  Statement, as finally determined pursuant to this Section
                  2.3.3.

                  2.4.     PRE-CLOSING DISTRIBUTION OF SUPPLY BUSINESS.

                           Prior to the Closing, Sellers shall cause the Company
                  to sell to Wofford Coastal Electric Motors, Inc. the assets
                  and assume liabilities set forth in that certain Asset
                  Purchase Agreement dated the date hereof. Such assets and
                  liabilities relate solely to the "Supply Business" of the
                  Company. The assets and liabilities of the Supply Business
                  will not be taken into account for purposes of calculating the
                  Adjustment Amount pursuant to Section 2.3. The sale of assets
                  and assumption of liabilities of the Supply Business shall be
                  completed in a manner satisfactory to Buyer.

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         3.       REPRESENTATIONS AND WARRANTIES OF SELLERS.

         Sellers jointly and severally represent and warrant to Buyer that:

                  3.1. ORGANIZATION AND GOOD STANDING. Each of the Company and
         the Subsidiaries (as defined in Section 3.6.5) is duly organized,
         validly existing and in good standing under the laws of the
         jurisdiction in which it was formed, with full power to carry on its
         business as it is now and has since its organization been conducted,
         and to own, lease or operate its assets. The Company and the
         Subsidiaries are duly authorized to do business and are in good
         standing in such other jurisdictions in which such authorization is
         required.

                  3.2.     AUTHORIZATION OF AGREEMENT.

                  Sellers have all requisite power and authority to enter into
         this Agreement and to consummate the transactions contemplated hereby.
         This Agreement and all other agreements and instruments to be executed
         by Sellers or their affiliates in connection herewith have been duly
         executed and delivered by Sellers or their affiliates, have been
         effectively authorized by all necessary action, corporate or otherwise,
         and constitute legal, valid and binding obligations of Sellers or their
         affiliates, as the case may be.

                  3.3.     OWNERSHIP OF SHARES.

                  The Shares are owned beneficially and of record by Sellers,
         and are being transferred to Buyer free and clear of all liens,
         mortgages, pledges, security interests, restrictions, prior
         assignments, proxies, encumbrances and claims of any kind or nature
         whatsoever. No Shares are subject to any shareholders' agreement or
         restriction with respect to their transferability (other than
         restrictions on transfer under applicable federal and state securities
         laws).

                  3.4.     CAPITALIZATION.

                  The authorized capital stock of the Company consists solely of
         1,500 shares of common stock, par value $1.00 per share, of which 1,190
         are issued and outstanding and which are owned by Sellers in the
         percentages set forth in Section 2.2.1. All of the Shares have been
         duly authorized, validly issued (free of all past, present and future
         preemptive rights), and are fully paid and non-assessable. There are no
         outstanding or authorized options, warrants, subscriptions, calls,
         puts, conversion or other rights, contracts, agreements, commitments or
         understandings of any kind obligating the Company to issue, sell,
         purchase, return, redeem or pay any distribution or dividend with
         respect to any shares of capital stock of the Company or any other
         securities convertible into, exchangeable for or evidencing the right
         to subscribe for any shares of capital stock of or other ownership
         interest in the Company.

                  3.5.     FINANCIAL CONDITION.

                           3.5.1. FINANCIAL STATEMENTS. Schedule 3.5.1 sets
                  forth certain financial information concerning the Company as
                  of July 31, 2000 (the "Company's July 31, 2000 Financial
                  Statement"), the income statement for the fiscal years ended
                  June 30, 1997, 1998, and 1999 and for the one-month period
                  ending July 31, 2000 and the balance sheets for the Company as
                  of the last day of each such period (collectively, with the
                  Company's July 31, 2000 Financial Statement, the "Financial
                  Statements"). The Financial Statements (i) are true, complete
                  and correct in all material respects and fairly present the
                  financial position and results of operations for the periods
                  indicated and (ii) except as set forth in Schedule 3.5, were
                  prepared in accordance with generally accepted accounting
                  principles, applied on a consistent basis.

                           3.5.2. ABSENCE OF CERTAIN CHANGES. Since July 31,
                  2000 (the "Balance Sheet Date") there has not been (i) any
                  damage, destruction or loss to any assets or properties of the
                  Company, whether or not covered by insurance; (ii) any sale or
                  transfer of any of the assets of the Company except (a) sales
                  in the ordinary course of the business of inventory or
                  immaterial amounts of other

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                  tangible personal property and (b) for the transfers listed on
                  Schedule 3.5.2; (iii) any increase in, or commitment to
                  increase, the compensation payable or to become payable to any
                  of the Company's employees or any bonus payment (other than as
                  included as an accrued liability on the Company's July 31,
                  2000 Financial Statement) or similar arrangement made to or
                  with any of the Company's employees other than routine
                  increases made in the ordinary course of business not
                  exceeding the greater of five percent per annum or $2,000 per
                  annum for any of them individually; (iv) any adoption of a
                  plan or agreement or amendment to any plan or agreement
                  providing any new or additional employment or fringe benefits;
                  (v) any alteration in the manner of keeping the Company's
                  books, accounts or records, or in the accounting practices
                  therein reflected; (vi) any material adverse change with
                  respect to the operations, assets, condition (financial or
                  otherwise) or prospects of the Company; (vii) any declaration,
                  setting aside, or payment or any dividend or other
                  distribution with respect to the capital stock of the Company,
                  or any direct or indirect redemption, purchase or other
                  acquisition by the Company of its capital stock; or (viii) any
                  other event or condition known to Sellers that particularly
                  pertains to and materially and adversely affects the
                  operations, assets, business or prospects of the Company,
                  other than those that impact the economy in general or the
                  Company's business in particular. Since the Balance Sheet
                  Date, the Company has not: (a) entered into any material
                  transaction not in the ordinary course of business; or (b)
                  materially amended, modified, or terminated any material
                  Contract (as defined in Section 3.11.1), other than in the
                  ordinary course of its business.

                  3.6.     PROPERTY OF THE COMPANY.

                           3.6.1. REAL PROPERTY. There is listed in Schedule
                  3.6.1 a description of each parcel of real property owned by
                  or leased to the Company, or owned by or leased to Sellers for
                  use by the Company. Except as indicated in Schedule 3.6.1:

                                    3.6.1.1.Each of the leases described in
                           Schedule 3.6.1 is a valid and binding obligation of
                           the Company and each of the other parties thereto;

                                    3.6.1.2.The Company is not, and Sellers do
                           not have any knowledge that any other party to any
                           such lease is, in default with respect to any
                           material term or condition thereof, and Sellers do
                           not have any knowledge that any event has occurred
                           which through the passage of time or the giving of
                           notice, or both, would constitute a default
                           thereunder or would cause the acceleration of any
                           obligation of any party thereto or the creation of a
                           lien or encumbrance upon any asset of the Company;

                                    3.6.1.3.All of the buildings, fixtures and
                           other improvements located on the real property
                           described in Schedule 3.6.1 are in good operating
                           condition and repair, and, if applicable, the Company
                           holds valid and effective certificates of occupancy,
                           certificates relating to electrical work, building,
                           safety, fire and health approvals and all other
                           permits and licenses required by applicable law
                           relating to the operation of such real properties and
                           leaseholds. Neither the Company nor Sellers have
                           received notice that the Company's operations at the
                           real property listed in Schedule 3.6.1 as presently
                           conducted is in violation of any applicable building
                           code, zoning ordinance or other law or regulation;

                                    3.6.1.4.Neither the Company nor Sellers, as
                           the case may be, have experienced during the two
                           years preceding the date hereof any material
                           interruption in the delivery of adequate quantities
                           of any utilities (including, without limitation,
                           electricity, natural gas, potable water, water for
                           cooling or similar purposes and fuel oil) or other
                           public services (including, without limitation,
                           sanitary and industrial sewer service) required by
                           the Company during such period.

                           3.6.2. INVENTORY. There is listed in Schedule 3.6.2 a
                  description of all inventories of (i) raw materials, work in
                  progress, finished goods, containers, tote bins, and other
                  packaging materials, spare parts and maintenance supplies; and
                  (ii) other similar inventory items of the

                                     EX-62
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                  Company (the "Inventory"). Except for the Inventory which is
                  carried as second quality or slow moving material in the July
                  31, 2000 Financial Statement, the Inventory of the Company is
                  good and merchantable and is saleable in the ordinary course
                  of business. The Inventory is carried on the books of the
                  Company at the lower of cost or market.

                           3.6.3. OTHER TANGIBLE PERSONAL PROPERTY. There is
                  listed in Schedule 3.6.3: (i) a description and the location
                  of each item of tangible personal property (other than
                  Inventory) owned by the Company or in the possession of the
                  Company having on the date hereof a depreciated book value per
                  unit in excess of $5,000; (ii) an identification of the owner
                  of, and any agreement relating to the use of, each item of
                  tangible personal property under leases or other similar
                  agreements which provide for rental payments at a rate in
                  excess of $250 per month; and (iii) an identification of the
                  owner of, and any agreement relating to the use of, each motor
                  vehicle not owned by the Company, the rights to which are to
                  be transferred to Buyer pursuant hereto. Except as set forth
                  in Schedule 3.6.3, the tangible personal property of the
                  Company is in good operating condition, normal wear and tear
                  excepted;

                           3.6.4. INTANGIBLE PERSONAL PROPERTY. There is listed
                  in Schedule 3.6.4: an identification of all (i) foreign and
                  United States federal or state patents, patent applications,
                  invention disclosures, copyrights, copyright registrations,
                  trademarks, trademark registrations, service marks, service
                  mark registrations, trade names, trade name registrations and
                  applications for any of the foregoing, owned or used by the
                  Company; (ii) common law claims to trademarks, service marks
                  and trade names; (iii) claims of copyright that exist although
                  no registrations have been issued with respect thereto; and
                  (iv) fictitious business name filings with any state or local
                  governmental authority ("intangible personal property").
                  Schedule 3.6.4 also sets forth a true and complete list of all
                  licenses or similar agreements or arrangements to which the
                  Company is a party either as licensee or licensor for each
                  such item of intangible personal property. Except as indicated
                  in Schedule 3.6.4:

                                    3.6.4.1.There have not been any regulatory
                           actions or other judicial or adversary proceedings
                           involving the Company concerning any of such items of
                           intangible personal property, nor is any such action
                           or proceeding, to the knowledge of Sellers,
                           threatened;

                                    3.6.4.2.The Company has the right and
                           authority to use said items of intangible personal
                           property in connection with the conduct of its
                           business in the manner presently conducted and,
                           subject to the receipt of those consents listed on
                           Schedule 3.7, to convey such right and authority to
                           Buyer, and such use does not conflict with, infringe
                           upon or violate any patent, trademark, servicemark,
                           trade name, registration or similar rights of any
                           other person, firm or corporation;

                                    3.6.4.3.There are no outstanding, or, to the
                           knowledge of Sellers, threatened, disputes or
                           disagreements with respect to any licenses or similar
                           agreements or arrangements described in Schedule
                           3.6.4; and

                                    3.6.4.4. The conduct of its business by the
                           Company does not conflict with any patents,
                           trademarks, trade secrets, trade names or similar
                           rights of others.

                           3.6.5. SUBSIDIARIES. The Company owns no interest in
                  any other company, joint venture or other entity of any nature
                  (a "Subsidiary").

                           3.6.6. TITLE TO AND QUIET POSITION OF ASSETS. The
                  Company has good and indefeasible title to all of its assets
                  and interests in assets, whether real, personal, mixed,
                  tangible or intangible, that are disclosed herein, are
                  reflected in the Financial Statements, or that are acquired
                  after July 31, 2000, except for inventory items sold or
                  consumed in the ordinary course of business after such date,
                  or as otherwise specifically contemplated herein. All such
                  assets are free and clear of all Encumbrances other than
                  Permitted Encumbrances. For the purposes hereof, (i)

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                  "Encumbrance" means any mortgage, pledge, hypothecation,
                  claim, security interest, lease, sublease, license, occupancy
                  agreement, adverse claim or interest, easement, covenant,
                  encroachment, burden, title defect, title retention agreement,
                  charge or other restriction or limitation of any nature
                  whatsoever, and (ii) "Permitted Encumbrances" means inchoate
                  common law, statutory or constitutional liens, and liens for
                  taxes and assessments which are not due or are being contested
                  in good faith, and such encumbrances set forth on Schedule
                  3.6.6 hereto.

                  3.7.     AGREEMENT NOT IN BREACH OF OTHER INSTRUMENTS.

                  The execution and delivery of this Agreement by Sellers and
         the consummation of the transactions contemplated hereby will not
         result in a breach of any of the terms and provisions of, or constitute
         a default under, or conflict with: (i) any Contract or any other
         agreement, indenture or other instrument to which Sellers or the
         Company is a party or by which any of them is bound, subject to the
         receipt of those consents listed on Schedule 3.7 which have been
         obtained and provided to Buyer, (ii) the Articles of Incorporation and
         Bylaws of the Company and each of the subsidiaries, (iii) any judgment,
         decree, order or award of any court, governmental body or arbitrator,
         or (iv) any law, rule or regulation applicable to Sellers or the
         Company.

                  3.8.     EMPLOYMENT AGREEMENTS; AND EMPLOYEE BENEFITS.

                           3.8.1. Except as set forth on Schedule 3.8.1, there
                  are no employment, consulting, severance pay, continuation
                  pay, termination pay or indemnification agreements or other
                  similar agreements of any nature whatsoever (collectively,
                  "Employment Agreements") between the Company or a Subsidiary,
                  on the one hand, and any current or former stockholder,
                  officer, director, employee, consultant, or agent of the
                  Company or a Subsidiary, on the other hand, that are currently
                  in effect or under which the Company or a Subsidiary is
                  otherwise a party or is bound as an obligator. Except as set
                  forth on Schedule 3.8.1 there are no Employment Agreements or
                  any other similar agreements to which the Company or any of
                  its Subsidiaries is a party under which the transactions
                  contemplated by this Agreement (i) will require any payment by
                  the Company, a Subsidiary or Buyer, or any consent or waiver
                  from any stockholder, officer, director, employee, consultant
                  or agent of the Company, a Subsidiary or Buyer, or (ii) will
                  result in any change in the nature of any rights of any
                  stockholder, officer, director, employee, consultant or agent
                  of the Company or a Subsidiary under any such Employment
                  Agreement or other similar agreement.

                           3.8.2. The Company has delivered to, or upon request
                  will deliver to, Buyer copies of the health and life insurance
                  plans, bonus, deferred compensation, pension, profit sharing
                  and retirement plans and all other employee benefit plans,
                  programs or arrangements providing benefits for employees (or
                  former employees) of the Company (the "Benefit Plans"); a copy
                  of the most recent favorable determination letter received
                  with respect to a Benefit Plan from the Internal Revenue
                  Service (if the plan is a tax-qualified plan under the Code);
                  the most recent annual report (Form 5500) filed with the
                  Internal Revenue Service with respect to each Benefit Plan (if
                  any such report was required); and the most recent summary
                  plan description for each Benefit Plan for which a summary
                  plan description is required. Each of the Benefit Plans has
                  been administered and maintained in compliance with the
                  requirements of the Employee Retirement Income Security Act of
                  1974, as amended ("ERISA"), and, if applicable, the Internal
                  Revenue Code of 1986, as amended (the "Code") and all other
                  applicable laws. There is no "accumulated funding deficiency"
                  (as such term is defined in Section 302 of ERISA or Section
                  412 of the Code) with respect to a Benefit Plan that is an
                  "employee pension benefit plan" (as defined in Section 3(2) of
                  ERISA, and there has been no application for a waiver of the
                  minimum funding standards imposed by Code Section 412 with
                  respect to any such plan. There are no pending or, to the
                  knowledge of Sellers, threatened claims by or on behalf of the
                  Benefit Plans, the United States Department of Labor, the
                  Internal Revenue Service, or by any current or former employee
                  of the Company or beneficiary of such current or former
                  employee alleging a breach of any fiduciary duties or a
                  violation of applicable state or federal law which could
                  result in a material liability on the part of the Company or a
                  Benefit Plan under ERISA or any other law (other than benefit
                  claims and

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                  funding obligations in the ordinary course of business). The
                  Company is not a party to any such Multiemployer Pension Plan.
                  With respect to any multiemployer plan (within the meaning of
                  Section 3(37) of ERISA) to which the Company or any ERISA
                  Affiliate contributes (or has at any time contributed or had
                  an obligation to contribute), the Company and each ERISA
                  Affiliate has or will have, as of the Closing Date, made all
                  contributions to each multiemployer plan required by the terms
                  of such multiemployer plan or any collective bargaining
                  agreement. Neither the Company or any ERISA Affiliate has
                  incurred any withdrawal liability (within the meaning of Part
                  I of Subtitle E of Title IV of ERISA) to any multiemployer
                  plan. Neither the Company or any ERISA Affiliate has been
                  notified by the sponsor of a multiemployer plan that such
                  mutiemployer plan is in reorganization or has been terminated,
                  within the meaning of Title IV of ERISA.

                  3.9.     LABOR AND EMPLOYMENT MATTERS.

                           3.9.1. No collective bargaining agreement exists that
                  is binding on the Company or any Subsidiary and no petition
                  has been filed or proceedings instituted by an employee or
                  group of employees with any labor relations board seeking
                  recognition of a bargaining representative. There are no
                  organizational effort currently being made or, to the
                  knowledge of Sellers, threatened by or on behalf of any labor
                  union to organize any employees of the Company or any
                  Subsidiary.

                           3.9.2. (i) There is not now, and to the Sellers'
                  knowledge, never has been, any labor strike, dispute, slow
                  down or stoppage pending or, to the Sellers' knowledge,
                  threatened, against or directly affecting the Company or any
                  Subsidiary, (ii) no grievance or arbitration proceeding
                  arising out of or under any collective bargaining agreement is
                  pending, and no claims therefor exist; and (iii) neither the
                  Company, any Subsidiary nor any Seller has received any notice
                  or has any knowledge of any threatened labor or civil rights
                  dispute, controversy or grievance or any other unfair labor
                  practice proceeding or breach of contract claim or action with
                  respect to claims of, or obligations to, any employee or group
                  of employees of the Company or any Subsidiary.

                           3.9.3. If required under the Workers Adjustment and
                  Retraining Notification Act or other applicable state law
                  regulating plant closing or mass layoffs, the Company and its
                  Subsidiaries have timely caused there to be filed or
                  distributed, as appropriate, all required filings and notices
                  with respect to employment losses occurring through the
                  Closing Date.

                           3.9.4. The Company and its Subsidiaries have complied
                  and are currently complying, in respect of all employees of
                  the Company and its Subsidiaries with all applicable laws
                  respecting employment and employment practices and the
                  protection of the health and safety of employees, from
                  whatever source such law may be derived, including, without
                  limitation, statutes, ordinances, laws, rules, regulations,
                  policies, standards, judicial or administrative precedents,
                  judgments, orders, decrees, awards, citations, licenses,
                  official interpretations and guidelines.

                           3.9.5. All individuals who are performing or have
                  performed services for the Company, any Subsidiary and are or
                  were classified by the Company or any Subsidiary as
                  "independent contractors" qualify for such classification
                  under Section 530 of the Revenue Act of 1978 or Section 1706
                  of the Tax Reform Act of 1986, as applicable.

                  3.10.    LITIGATION.

                           3.10.1. Except for (i) claims as listed in Schedule
                  3.10 and (ii) claims for the collection of accounts arising
                  out of the sale or purchase of goods or services in the
                  ordinary course of business involving less than $1,000
                  individually or $10,000 in the aggregate, there are no claims,
                  disputes, actions, lawsuits, proceedings or investigations of
                  any nature pending or, to the knowledge of Sellers, threatened
                  against the Company, or any of the officers, directors,
                  shareholders, affiliates or employees of the Company.

                           3.10.2. No claim, action, suit, investigation, or
                  other proceeding is pending or, to the knowledge of Sellers,
                  threatened before any court or governmental agency which
                  presents a risk of

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<PAGE>

                  the restraint or prohibition of the transactions contemplated
                  by this Agreement or the obtaining of indemnification or other
                  relief in connection therewith.

                  3.11.    CONTRACTS.

                       3.11.1. Schedule 3.11 sets forth a true and correct list
                  of each contract, agreement or other arrangement to which the
                  Company is a party, or to which any Seller is a party and
                  which relates to the business of the Company (collectively,
                  "Contracts"), except:

                           3.11.1.1. Agreements for the purchase by the Company
                  of goods, materials or services in the ordinary course of
                  business involving less than $10,000 in consideration in each
                  such case;

                           3.11.1.2. Agreements for the sale, rental or service
                  by the Company of goods or services in the ordinary course of
                  business in which the payment to be received pursuant to each
                  such agreement is less than $10,000 for each such non-listed
                  agreement;

                           3.11.1.3. Agreements which are terminable at will by
                  the Company upon no more than 60 days notice without penalty,
                  default or liability and involving an amount less than
                  $10,000; and

                           3.11.1.4. Agreements continuing for a period of six
                  months or less involving an amount less than $10,000 for each
                  such non-listed agreement.

                       3.11.2.  Except as set forth in Schedule 3.11,

                                    3.11.2.1. Each Contract is a valid and
                           binding agreement of the Company and, to the
                           knowledge of Sellers, of the other parties thereto,
                           subject to the effect of bankruptcy and creditors'
                           rights generally;

                                    3.11.2.2. The Company has fulfilled all
                           material obligations required pursuant to each
                           Contract to have been performed by it or on its part
                           prior to the date hereof, and Sellers believe that,
                           assuming Buyer continues to operate the Company in
                           the same manner as Sellers, the Company will be able
                           to fulfill, when due, all of its obligations under
                           the Contracts which remain to be performed after the
                           date hereof;

                                    3.11.2.3. There has not occurred any default
                           under any Contract on the part of the Company or on
                           the part of the other parties thereto; and there has
                           not occurred any event which with the giving of
                           notice or the lapse of time, or both, would
                           constitute any default under any of the Contracts;
                           and

                                    3.11.2.4. Except as provided in the
                           Contracts, the Company is not, outside the ordinary
                           course of business, under any liability or obligation
                           with respect to the return of inventory or products
                           sold, rented or serviced by it which are in the
                           possession of distributors, wholesalers, retailers or
                           other customers.

                  3.12.    REGULATORY APPROVALS.

                  All consents, approvals, authorizations and other requirements
         prescribed by any law, rule or regulation which must be obtained or
         satisfied by the Company or Sellers and which are necessary for the
         consummation of this Agreement and the documents to be executed and
         delivered by Sellers in connection herewith have been obtained and
         satisfied.

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<PAGE>

                  3.13.    COMPLIANCE WITH LAW.

                  The Company has not, and its business as presently conducted
         does not, violate, in any respect any federal, state, local or foreign
         laws, regulations or orders (including, but not limited to, any of the
         foregoing relating to employment discrimination, occupational safety,
         environmental protection, conservation, or corrupt practices), and the
         Company has not received any notice of any such violation. Sellers have
         obtained all permits, approvals, and consents of all governmental
         bodies or agencies necessary or appropriate so that consummation of the
         transactions contemplated by this Agreement will be in compliance with
         applicable laws.

                  3.14.    INDEBTEDNESS FROM EMPLOYEES.

                  Except as set forth in Schedule 3.14, no employees of the
         Company are indebted to the Company, except for advances made to any
         employees in the ordinary course of business to meet reimbursable
         business expenses anticipated to be incurred by such employee.

                  3.15.    ACCOUNTS RECEIVABLE.

                  The accounts, accounts receivable, notes and notes receivable
         of the Company existing on the Closing Date arose out of the sales of
         inventory or services in the ordinary course of business and are
         collectible in full, net of the reserve set forth in the Company's July
         31, 2000 Financial Statements included in Schedule 3.5.1, which
         reserves are reasonable and were calculated consistent with past
         practices.

                  3.16.    INSURANCE.

                  Schedule 3.16 sets forth a true and correct list of all
         insurance policies either maintained by the Company or maintained by
         any other person which relate to the Company in any manner whatsoever
         at the date hereof. There are no outstanding requirements or
         recommendations by any insurance company that issued any such policy or
         by any Board of Fire Underwriters or other similar body exercising
         similar functions or by any governmental authority exercising similar
         functions which requires or recommends any changes in the conduct of
         the business of, or any repairs or other work to be done on or with
         respect to any of the properties or assets of the Company. The Company
         has not received any notice or other communication from any such
         insurance company within the three years preceding the date hereof
         canceling or materially amending or materially increasing the annual or
         other premiums payable under any of said insurance policies, and no
         such cancellation, amendment or increase of premiums is threatened.

                  3.17.    POWERS OF ATTORNEY AND SURETYSHIPS.

                  The Company has no general or special powers of attorney
         outstanding (whether as grantor or grantee thereof) and has no
         obligation or liability (whether actual, accrued, accruing, contingent
         or otherwise) as guarantor, surety, co-signer, endorser, co-maker,
         indemnitor or otherwise in respect of the obligation of any person,
         corporation, partnership, joint venture, association, organization or
         other entity, except as endorser or maker of checks or letters of
         credit, respectively, endorsed or made in the ordinary course of
         business.

                  3.18.    NO UNDISCLOSED LIABILITIES.

                  Except as and to the extent specifically reflected or reserved
         against in the Company's July 31, 2000 Financial Statement, incurred in
         the ordinary course of business subsequent to July 31, 2000, the
         Company has no liabilities or obligations of any nature, whether
         absolute, accrued, contingent or otherwise, and whether due or to
         become due (including, without limitation, any liability for taxes and
         interest, penalties and other charges payable with respect to any such
         liability or obligation).

                                     EX-67
<PAGE>

                  3.19.    ENVIRONMENTAL MATTERS.

                  As of the date hereof, (a) the Company has generated,
         utilized, stored, delivered for disposal, disposed of, treated,
         transported, and otherwise managed all materials, substances, and
         wastes, whether toxic, hazardous or otherwise, in compliance with all
         laws, rules, regulations, ordinances, guidelines, and the common law;
         (b) the real property owned, leased, or operated or previously owned,
         leased or operated by either (i) Sellers relating to the Company, or
         (ii) the Company is not listed on the National Priorities List,
         CERCLIS, RCRIS, or any comparable state listing which identifies sites
         for removal, remedial, clean-up or investigatory actions; (c) no
         amounts, which require remediation or reporting under applicable law,
         of asbestos, PCB's, ureaformaldehyde, hazardous and solid wastes,
         hazardous or toxic substances, petroleum products, pollutants or
         contaminates, and no above or underground storage tanks, have been or
         are located on the real property currently or previously owned, leased,
         or operated by the Company; and (d) the real property currently or
         previously owned, leased, or operated by the Company has not been
         contaminated, tainted or polluted in any manner whatsoever (including,
         without limitation, any contamination of or injury or damage to soils,
         groundwater waters, biota, and wildlife located on, in, under or
         originating from such premises) with pollutants, contaminants or other
         substances or materials so as to give rise to a removal, remediation,
         clean-up, or investigatory obligation or action, on the part of the
         Company under any law, rule, regulation, guideline, ordinance, whether
         domestic or foreign, federal, state, or local, or the common law. Buyer
         acknowledges receipt of the environmental audits listed on Schedule
         3.19.

                  3.20.    CONFLICTS OF INTEREST.

                  Except as disclosed in Schedule 3.20 or as expressly disclosed
         in the Company's July 31, 2000 Financial Statement, no officer,
         director or shareholder of the Company or any affiliate of any such
         person now has or within the last three years had, either directly or
         indirectly:

                           3.20.1. any equity or debt interest in any
                  corporation, partnership, joint venture, association,
                  organization or other person or entity which furnishes or
                  sells or during such period furnished or sold services or
                  products to the Company, or purchases or during such period
                  purchased from the Company any goods or services, or otherwise
                  does or during such period did business with the Company; or

                           3.20.2. a beneficial interest in any contract,
                  commitment or agreement, formal or informal, to which the
                  Company is or was a party or under which it was obligated or
                  bound or to which its properties may be or may have been
                  subject, other than stock options and other contracts,
                  commitments or agreements between the Company and such persons
                  in their capacities as employees, officers or directors of the
                  Company.

                           3.20.3. loaned money to or borrowed money from the
                  Company.

                  3.21.    TAXES.

                           3.21.1. For purposes of this Agreement: (i) the term
                  "Taxes" means (A) all Federal, state, local, foreign and other
                  net income, gross income, gross receipts, sales, use, ad
                  valorem, value added, intangible, unitary, capital gain,
                  transfer, franchise, profits, license, lease, service, service
                  use, withholding, backup withholding, payroll, employment,
                  estimated, excise, severance, stamp, occupation, premium,
                  property, prohibited transactions, windfall or excess profits,
                  customs, duties or other taxes, fees, assessments or charges
                  of any kind whatsoever, together with any interest and any
                  penalties, additions to tax or additional amounts with respect
                  thereto, (B) any liability for payment of amounts described in
                  clause (A) whether as a result of transferee liability, of
                  being a member of an affiliated, consolidated, combined,
                  unitary or other similar group for any period, or otherwise
                  through operation of law and (C) any liability for the payment
                  of amounts described in clauses (A) or (B) as a result of any
                  tax sharing, tax indemnity or tax allocation agreement or any
                  other express or implied agreement to indemnify any other
                  Person; and the term "Tax" means any one of the foregoing
                  Taxes; and (ii) the term "Returns" means all returns,

                                     EX-68
<PAGE>

                  declarations, reports, statements and other documents required
                  to be filed in respect of Taxes; and the term "Return" means
                  any one of the foregoing Returns.

                           3.21.2. The Tax Returns of the Company and its Tax
                  Affiliates have never been audited, and there are no pending
                  or threatened audits, examinations or adjustments with respect
                  to such Tax Returns. All deficiencies asserted or assessments
                  made as a result of any examinations by the IRS or state,
                  local or foreign Tax authority have been fully paid. An amount
                  equal to the tax due for the one month ended July 31, 2000,
                  has been booked as an expense and a corresponding liability
                  using current tax law. SFAS No. 109 has not been applied to
                  these financial statements. There are no Returns that are
                  presently under examination with respect to Taxes, there are
                  no proposed (whether oral or written) or final adjustments,
                  assessments or deficiencies with respect to Taxes currently
                  pending, and there are no outstanding notices of proposed or
                  actual audit, examination or investigation with respect to
                  Taxes.

                           3.21.3.  Sellers represent and warrant to Buyer that:

                                    3.21.3.1. the Company, and every other
                           person for whose Taxes the Company is or could be
                           held liable (whether by reason of being a member of a
                           consolidated, combined, unitary, or other similar
                           group for Tax purposes, by reason of being a
                           successor, by agreement or otherwise (for the taxable
                           period(s) or portions thereof with respect to which
                           the Company is or could be held for such other
                           Person's Taxes) (all such persons collectively
                           referred to herein as "Tax Affiliates"), have filed
                           on a timely basis all Returns required to have been
                           filed by it and have paid on a timely basis all Taxes
                           shown thereon as due. All such Returns are true,
                           complete and correct in all material respects. The
                           provisions for taxes in the Company's July 31, 2000
                           Financial Statement sets forth the maximum liability
                           of the Company and Tax Affiliates for Taxes as of the
                           date thereof. No liability for Taxes has been
                           incurred by the Company or any Tax Affiliate since
                           July 31, 2000 other than in the ordinary course of
                           their business. No director, officer or employee of
                           the Company or any Tax Affiliate having
                           responsibility for Tax matters is in discussions with
                           Tax authorities or has reason to believe that any Tax
                           authority has valid grounds to claim or assess any
                           additional Tax with respect to the Company or any Tax
                           Affiliate in excess of the amounts shown on the
                           Company's July 31, 2000 Financial Statement for the
                           period ending on such date;

                                    3.21.3.2. with respect to all amounts in
                           respect of Taxes imposed upon the Company or Tax
                           Affiliates, or for which the Company is or could be
                           liable, whether to taxing authorities (as, for
                           example, under law) or to other persons or entities
                           (as, for example, under tax allocation agreements),
                           and with respect to all taxable periods or portions
                           of periods ending on or before the Closing, all
                           applicable Tax laws and agreements have been fully
                           complied with in all material respects, and all such
                           amounts required to be paid by the Company and Tax
                           Affiliates to Tax authorities or others have been
                           paid;

                                    3.21.3.3. none of the Returns required to be
                           filed by the Company or any Tax Affiliate contains,
                           or were required to contain (in order to avoid the
                           imposition of a penalty), a disclosure statement
                           under Section 6662 (or any predecessor provision) of
                           the Code, or any similar provision of state, local or
                           foreign law;

                                    3.21.3.4. all amounts that were required to
                           be collected or withheld by the Company or any Tax
                           Affiliate have been duly collected or withheld in all
                           material respects, and all such amounts that were
                           required to be remitted to any Tax authority have
                           been duly remitted in all material respects;

                                    3.21.3.5. the Company and Tax Affiliates
                           have not requested an extension of time to file any
                           Return not yet filed, and have not granted any waiver
                           of any statute of limitations with respect to, or any
                           extension of a period for the assessment of, any Tax.

                                     EX-69
<PAGE>

                           No power of attorney granted by the Company or any
                           Tax Affiliate with respect to Taxes is in force;

                                    3.21.3.6. Sellers, the Company and Tax
                           Affiliates have not taken any action not in
                           accordance with past practice that would have the
                           effect of deferring any material Tax liability of the
                           Company or any Tax Affiliate from any taxable period
                           or portion thereof ending on or before or including
                           the Closing to any subsequent taxable period;

                                    3.21.3.7. there are no actual or deemed
                           elections under Section 338 of the Code, protective
                           carryover basis elections, offset prohibition
                           elections or similar elections applicable to the
                           Company or any Tax Affiliate;

                                    3.21.3.8. neither the Company nor any Tax
                           Affiliate is required to include in income any
                           adjustment pursuant to Sections 481 or 263A of the
                           Code (or similar provisions of other law or
                           regulations) by reason of a change in accounting
                           method or otherwise, following the Closing, and
                           Sellers have no knowledge that the IRS (or other Tax
                           authority) has proposed, or is considering, any such
                           change in accounting method or other adjustment;

                                    3.21.3.9. there are no liens for Taxes
                           (other than for current Taxes not yet due and
                           payable) upon the assets of the Company;

                                    3.21.3.10. the Company is not party to any
                           agreement, contract, arrangement or plan that has
                           resulted or would result, separately or in the
                           aggregate, in the payment of any "excess parachute
                           payments" within the meaning of Section 280G of the
                           Code, whether by reason of the Closing or otherwise;

                                    3.21.3.11. the Company is not, and has not
                           been, a United States real property holding
                           corporation (as defined in Section 897(c)(2) of the
                           Code) during the applicable period specified in
                           Section 897(c)(1)(A)(ii) of the Code (or any
                           corresponding provision of state, local or foreign
                           Tax law);

                                    3.21.3.12. neither the Company nor any Tax
                           Affiliate has or has had a permanent establishment in
                           any foreign country, as defined in any applicable Tax
                           treaty or convention between the United States of
                           America and such foreign country and the Company has
                           not engaged in a trade or business within any foreign
                           country;

                                    3.21.3.13. neither the Company nor any Tax
                           Affiliate is a party to any joint venture,
                           partnership, or other arrangement or contract which
                           could be treated as a partnership for Federal income
                           tax purposes;

                                    3.21.3.14. neither the Company nor any Tax
                           Affiliate is or has been a member of an "affiliated
                           group" as such term is defined in Section 1504 of the
                           Code (and any predecessor provision) of the Code, or
                           any similar group for state, local or foreign Tax
                           purposes;

                                    3.21.3.15. neither the Company nor any Tax
                           Affiliate has filed a consent pursuant to the
                           collapsible corporation provisions of Section 341(f)
                           of the Code (or any corresponding provision of state,
                           local or foreign income Tax law) or agreed to have
                           Section 341(f)(2) of the Code (or any corresponding
                           provision of state, local or foreign income Tax law)
                           apply to any disposition of any asset owned by any of
                           them;

                                    3.21.3.16. neither the Company nor any Tax
                           Affiliate has participated in an international
                           boycott within the meaning of Section 999 of the
                           Code;

                                    3.21.3.17. the Company is not a party to or
                           bound by any Tax sharing agreement, and has no
                           current or contingent contractual obligation to
                           indemnify any other

                                     EX-70
<PAGE>

                           person with respect to Taxes, other than obligations
                           to indemnify a lessor for property Taxes, sales/use
                           Taxes or gross receipts Taxes (but not income or
                           franchise Taxes) imposed on lease payments arising
                           from terms that are customary for leases of similar
                           property;

                                    3.21.3.18. the Company is not a party to or
                           bound by any closing agreement or offer in compromise
                           with any Tax authority;

                                    3.21.3.19. none of the assets of the Company
                           is property that the Company is required to treat as
                           being owned by any other person pursuant to the
                           so-called "safe harbor lease" provisions of former
                           Section 168(f)(8) of the Internal Revenue Code of
                           1954, as amended; none of the assets of the Company
                           directly or indirectly secures any debt the interest
                           on which is tax exempt under Section 103(a) of the
                           Code; none of the assets of the Company is
                           "tax-exempt use property" within the meaning of
                           Section 168(h) of the Code;

                                    3.21.3.20. No material election with respect
                           to Taxes of the Company or Tax Affiliates has been
                           made from and after the date of this Agreement;

                                    3.21.3.21. Schedule 3.21.3.21 sets forth all
                           state, local or foreign jurisdictions in which the
                           Company is or at any time during the past five years
                           has been subject to Tax.

                                    3.21.3.22. all outstanding options to
                           acquire equity of the Company that purport to or were
                           otherwise intended (when issued) to be treated as
                           "incentive stock options" ("ISOs") within the meaning
                           of Section 422 of the Code (and any predecessor
                           provision and any similar provision applicable state,
                           local or other Tax law) were issued in compliance
                           with such section. All such outstanding options
                           currently qualify for treatment as ISOs, and are held
                           by persons who are employees of the Company.

                  3.22.    OTHER INFORMATION.

                  The information provided by Sellers to Buyer in this Agreement
         or in the Schedules does not contain any untrue statement of a material
         fact or omit to state a material fact required to be stated herein or
         therein or necessary to make the statements and facts contained herein
         or therein, in light of the circumstances in which they are made, not
         false or misleading. Copies of all documents heretofore delivered or
         made available to Buyer were complete and accurate records of such
         documents in all respects.

         4.       REPRESENTATIONS AND WARRANTIES OF BUYER.

         Buyer represents and warrants to Sellers that:

                  4.1.     ORGANIZATION.

                  Buyer is duly organized, validly existing and in good standing
         under the laws of the State of Delaware and has all requisite corporate
         power and authority to enter into this Agreement and to consummate the
         transactions contemplated hereby.

                  4.2.     CORPORATE AUTHORITY.

                  This Agreement and all other agreements herein contemplated to
         be executed in connection herewith have been duly executed and
         delivered by Buyer, have been effectively authorized by all necessary
         action, corporate or otherwise, and constitute legal, valid and binding
         obligations of Buyer.

                                     EX-71
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                  4.3.     AGREEMENT NOT IN BREACH OF OTHER INSTRUMENTS.

                  The execution and delivery of this Agreement, the consummation
         of the transactions contemplated hereby and the fulfillment of the
         terms hereof will not result in a breach of any of the terms or
         provisions of, or constitute a default under, or conflict with, any
         material agreement, indenture or other instrument to which Buyer is a
         party or by which it is bound, Buyer's Certificate of Incorporation or
         Bylaws, any judgment, decree, order or award of any court, governmental
         body or arbitrator, or any law, rule or regulation applicable to Buyer.

                  4.4.     REGULATORY AND OTHER APPROVALS.

                  All consents, approvals, authorizations and other requirements
         prescribed by any law, rule or regulation, including any third party
         consents, which must be obtained or satisfied by Buyer and which are
         necessary for the execution and delivery of this Agreement and the
         consummation of the transactions contemplated by this Agreement have
         been obtained and satisfied.

         5.       CERTAIN UNDERSTANDINGS AND AGREEMENTS OF THE PARTIES.

                  5.1.     COOPERATION IN LITIGATION.

                  Each party will fully cooperate with the other in the defense
         or prosecution of any litigation or proceeding already instituted or
         which may be instituted hereafter against or by such party relating to
         or arising out of the conduct of the Company prior to or after the
         Closing Date (other than litigation arising out of the transactions
         contemplated by this Agreement). The party requesting such cooperation
         shall pay the out-of-pocket expenses (including legal fees and
         disbursements) of the party providing such cooperation and of its
         officers, directors, employees and agents reasonably incurred in
         connection with providing such cooperation, but shall not be
         responsible to reimburse the party providing such cooperation for such
         party's time spent in such cooperation or the salaries or costs of
         fringe benefits or other similar expenses paid by the party providing
         such cooperation to its officers, directors, employees and agents while
         assisting in the defense or prosecution of any such litigation or
         proceeding.

                  5.2.     TAX MATTERS.

                           5.2.1. PRE-CLOSING RETURNS. Sellers will be
                  responsible for and will cause to be prepared and duly filed
                  all Returns in which the Company is includable for all taxable
                  periods ending on or before the Closing. All such Returns
                  shall be prepared in a manner consistent with prior periods.
                  All such Returns filed after the Closing shall be submitted to
                  Buyer no later than thirty days prior to the due date and
                  filing thereof, and Buyer shall have the right to review and
                  comment thereon (without reduction of Sellers' obligations to
                  indemnify under this Agreement). Sellers will pay or cause to
                  be paid, and shall indemnify and hold Buyer and the Company
                  harmless against, all Taxes to which such Returns relate;
                  provided, however, that to the extent such Taxes are included
                  in and specifically identified on the Closing Financial
                  Statement (as finally determined) or an attachment or schedule
                  thereto, Buyer shall reimburse Sellers for such Taxes within
                  ten business days following the later of: (i) the receipt by
                  Buyer of written evidence of actual payment of such Taxes by
                  Sellers or (ii) the date the Closing Financial Statement
                  becomes final and binding.

                           5.2.2. OVERLAP PERIOD RETURNS. Other than Returns to
                  be prepared by Sellers pursuant to Section 5.2.1, Buyer will
                  prepare or cause to be prepared all Returns of the Company for
                  any and all taxable periods which include and end after the
                  Closing (the "Overlap Period"), and any taxable period
                  beginning after the Closing. Sellers will be responsible for
                  and will indemnify and hold harmless Buyer, and the Company
                  with respect to all Taxes based upon or related to income or
                  receipts for the Overlap Period in an amount equal to the
                  liability for Taxes that would have resulted had the Overlap
                  Period ended at the Closing (utilizing, if applicable, the
                  actual tax rate imposed on a particular category of income by
                  the applicable taxing jurisdiction), except to the extent such
                  Taxes are included in and specifically identified on the
                  Closing Financial

                                     EX-72
<PAGE>

                  Statement (as finally determined) or an attachment or schedule
                  thereto. In the case of any Taxes for the Overlap Period,
                  other than Taxes based upon or related to income or receipts,
                  the portion of such Taxes that relates to the portion of the
                  Overlap Period ending on the day of Closing shall be deemed to
                  be the amount of such Tax for the entire taxable period
                  multiplied by a fraction the numerator of which is the number
                  of days in the taxable period ending on the day of Closing and
                  the denominator of which is the number of days in the entire
                  taxable period. Any amount so payable by Sellers will be
                  remitted to Buyer at least ten business days prior to the due
                  date of the respective Returns pursuant to written notice by
                  the Buyer of such due date; provided that Sellers approve of
                  the amount (such approval not to be unreasonably withheld).

                           5.2.3. AMENDED RETURNS. From and after the date
                  hereof, Sellers and their affiliates shall not file or cause
                  to be filed any amended Return with respect to the Company,
                  and Sellers and their affiliates shall not file a claim for
                  refund of Taxes paid by or on behalf of the Company.

                           5.2.4. MATERIAL ELECTIONS. Neither Sellers nor the
                  Company shall make any material election with respect to Taxes
                  of the Company or any Tax Affiliate following the date hereof
                  without the prior written approval of Buyer (such approval not
                  to be unreasonably withheld).

                           5.2.5.   COOPERATION OF TAX MATTERS.

                                    5.2.5.1.Buyer and Sellers shall cooperate
                           fully, as and to the extent reasonably requested by
                           the other party, in connection with the filing of
                           Returns pursuant to this Section 5.2 and any audit,
                           litigation or other proceeding with respect to Taxes.
                           Such cooperation shall include the retention and
                           (upon the other party's request) the provision of
                           records and information that are reasonably relevant
                           to any such audit, litigation or other proceeding and
                           making employees available on a mutually convenient
                           basis to provide additional information and
                           explanation of any material provided hereunder.
                           Sellers agree (A) to retain all books and records
                           with respect to Tax matters relating to any taxable
                           period beginning before the Closing until the
                           expiration of the statute of limitations (and, to the
                           extent notified by Buyer or Sellers, any extensions
                           thereof) of the respective taxable periods, and to
                           abide by all record retention agreements entered into
                           with any taxing authority, and (B) to give the other
                           party reasonable written notice prior to
                           transferring, destroying or discarding any such books
                           and records and, if the other party so requests
                           Sellers shall allow Buyer to take possession of such
                           books and records.

                                    5.2.5.2.Buyer and Sellers further agree,
                           upon request, to use their best efforts to obtain any
                           certificate or other document from any governmental
                           authority or any other person as may be necessary to
                           mitigate, reduce or eliminate any Tax that could be
                           imposed (including, but not limited to, with respect
                           to the transactions contemplated hereby).

                                    5.2.5.3.Buyer and Sellers further agree,
                           upon request, to provide the other party with all
                           information that either party may be required to
                           report pursuant to Section 6043 of the Code and the
                           Treasury Regulations promulgated thereunder.

                           5.2.6. TAX SHARING AGREEMENTS. Any and all tax
                  sharing, tax indemnity, or tax allocation agreements with
                  respect to which the Company was a party at any time prior to
                  the Closing shall terminate upon the Closing. No further
                  amounts shall be payable by the Company under such agreements
                  following the Closing.

                           5.2.7. CERTAIN TAXES. All transfer, documentary,
                  sales, use, stamp, registration and other such Taxes and fees
                  (including any penalties and interest) incurred in connection
                  with this Agreement, shall be paid by Sellers when due, and
                  Sellers will, at their own expense, file all necessary Returns
                  and other documentation with respect to all such transfer,
                  documentary, sales, use, stamp, registration and other Taxes
                  and fees, and, if required by applicable law, Buyer will, and
                  will cause its affiliates to, join in the execution of any
                  such Returns and other documentation.

                                     EX-73
<PAGE>

                  5.3.     EMPLOYMENT AGREEMENTS.

                           5.3.1. At the Closing, Buyer shall enter into an
         employment agreement with Patrick N. Jessup in the form attached hereto
         as Exhibit 5.3.1.

                  5.4.     AGREEMENT WITH RESPECT TO MCALLEN PROPERTY.

                           (a) The Sellers are the record owners of the real
                  property located at Lots 5 and 6, Block 5, Kehm's Addition, an
                  addition to the City of McAllen, Hidalgo County, Texas,
                  according to the map recorded in Volume 4, Page 6, Map Records
                  in the Office of the County Clerk of Hidalgo County, Texas,
                  (the "Property"). The Property is subject to a Deed of Trust,
                  Security Agreement - Financing Statement dated April 1, 1999,
                  wherein the Sellers, as grantors, granted a first lien in
                  favor of F and V Enterprises, Inc. (the "Lien Holder") to
                  secure the payment of a Real Estate Note dated April 1, 1999,
                  in the original principal amount of $120,000 (the "Note"). On
                  the date hereof, the outstanding principal balance of the Note
                  is $91,132.27. There is no past due interest payable under the
                  Note.

                           (b) The parties hereto acknowledge that the Lien
                  Holder has refused to accept prepayment of the Note. The
                  parties further acknowledge that the Company has been paying
                  the Note as the beneficial owner of the Property. On the date
                  hereof, the Sellers have delivered to the Company to hold in
                  escrow a warranty deed (the "Deed") with respect to the
                  conveyance of the Property to the Company.

                           (c) The Sellers agree that after the date hereof, the
                  Company shall be entitled to occupy and utilize the Property
                  for all lawful purposes, in exchange for Buyer's agreement to
                  cause the Company to pay when due the amounts due under the
                  Note and the other agreements of Buyer contained in this
                  section. Buyer agrees to cause the Company to make all
                  required payments under the Note and to indemnify the Sellers
                  for all liabilities with respect to the Note or the use of the
                  Property after the Closing, so long as the Sellers are in
                  compliance with this section. The Sellers agree to indemnify
                  and hold Buyer and the Company harmless from any damages or
                  liabilities of any nature incurred by such parties after the
                  date hereof which relate to any action taken by the Sellers
                  with respect to the Property or contrary to the terms of this
                  section.

                           (d) Notwithstanding anything contained herein, the
                  Sellers shall have no rights or remedies against the Company
                  or Buyer with respect to its occupancy, use or any other
                  matter relating to the Property, so long as the Company is
                  occupying the Property in compliance with applicable law. The
                  Sellers shall not encumber, transfer any interest in, or
                  permit any other restriction of any nature to be filed or
                  become effective against the Property.

                           (e) Buyer shall cause the Company to (i) comply in
                  all material respects with all governmental rules,
                  regulations, ordinances, statutes and laws, (ii) pay all
                  utilities of any nature attributable to the Property including
                  water, gas, heat, electricity, power, and all other services
                  or utilities used in, upon or about the Property and (iii) pay
                  before delinquency all ad valorem taxes, fees, impositions and
                  assessments of whatever kind or nature, levied against the
                  Property. The Company shall be responsible for all of the
                  structural elements and maintenance on the Property. The
                  Company shall at its own expense secure and maintain insurance
                  on the Property in an amount it deems advisable.

                           (f) A memorandum of this section may be recorded or
                  filed for record in any public records or governmental office.

                           (g) Upon payment in full of the Note, the parties
                  acknowledge that the Company will file the Deed of record in
                  Hidalgo County.

                                     EX-74
<PAGE>

                           (h) Nothing contained in this section shall affect
                  the other terms and provisions hereof, including but not
                  limited, to the representations and warranties of the Sellers.

         6.       INDEMNIFICATION.

                  6.1.     INDEMNIFICATION BY SELLERS.

                  Sellers shall jointly and severally indemnify and hold
         harmless Buyer, the Company, and their respective directors, officers,
         employees, agents, attorneys and shareholders (collectively, the "Buyer
         Group") in respect of any and all claims, losses, damages, liabilities
         and expenses (including, without limitation, settlement costs and any
         reasonable legal, accounting and other expenses for investigating or
         defending any actions or threatened actions) incurred (collectively,
         "Losses") by the Buyer Group, together with interest on cash
         disbursements in connection therewith at the base rate for prime
         commercial lenders of Buyer's primary bank as announced from time to
         time, plus 1 percent per annum (the "Reference Rate") from 60 days
         after the date such Losses were incurred by the Buyer Group until paid
         by Sellers, in connection with each and all of the following:

                           6.1.1. any breach of any representation or warranty
                  made by Sellers in this Agreement;

                           6.1.2. the breach of any covenant, agreement or
                  obligation of Sellers contained in this Agreement or any other
                  instrument delivered at the Closing;

                           6.1.3. any misrepresentation contained in any
                  Schedule, certificate or other documents furnished by Sellers
                  pursuant to this Agreement;

                           6.1.4. the failure to pay when due any and all
                  liabilities for Taxes (as defined in Section 3.21.1) that (i)
                  accrued with respect to any taxable periods of the Company
                  ending on or before the Closing Date, (ii) accrued with
                  respect to the assets, operations or business of the Company
                  during all periods up to and including the Closing whether or
                  not such periods are taxable periods, or (iii) are incurred
                  and become payable by the Company or Buyer as a result of the
                  transactions contemplated by this Agreement;

                           6.1.5. any claim, demand or cause of action asserted
                  or brought by any person for breach of warranty, or similar
                  claims in connection with sales of products sold or leased by
                  the Company at any time prior to the Closing Date or which
                  comprised any part of the Inventory existing on the Closing
                  Date and which was sold by Buyer within 90 days after the
                  Closing Date;

                           6.1.6. any claim, demand or cause of action asserted
                  or brought by any person for physical injury to, death of, or
                  property damage suffered by such person or any other person
                  which was proximately caused by any products sold or leased by
                  the Company at any time prior to the Closing Date;

                           6.1.7. the violation of any federal, state, local or
                  foreign laws, regulations, orders, requirements or ordinances,
                  including those dealing with environmental matters, prior to
                  the Closing Date by Sellers, the Company or any of their
                  affiliates, agents or assigns;

                           6.1.8. (a) conditions existing at, or caused by
                  events prior to the Closing Date which are violations of any
                  federal, state or local environmental statute, regulation,
                  requirement or ordinance prior to the Closing Date with
                  respect to the Company or any of its assets, and (b) any other
                  environmental conditions in existence as of the Closing Date
                  on the real property currently or previously owned, leased or
                  used by the Company, whether or not described in Section
                  3.19((a) and (b) being collectively referred to herein as
                  "Environmental Conditions"), which as of the Closing, or will
                  in the future as a result of the operation of the Company
                  prior to Closing, require remediation, removal, or other
                  corrective actions. With respect to each and every
                  Environmental Condition, Sellers' obligation to indemnify the
                  Buyer Group from any Losses shall include but not be limited
                  to: (i) fines, penalties, assessments and judgments (whether
                  related to current or past

                                     EX-75
<PAGE>

                  activities); (ii) costs associated with obtaining any
                  necessary permits, certificates or other governmental approval
                  or complying with environmental reporting or record keeping
                  requirements, including (A) remediation costs, (B) removal
                  costs, (C) costs of implementing monitoring equipment which
                  are necessary to obtain such permits, certificates or
                  approvals, and (D) late fees and filing fees; and (iii) any
                  costs which Buyer deems reasonably necessary in connection
                  with the foregoing, including without limitation costs of
                  environmental audits, surveys, reports, waste
                  characterizations, monitoring wells, soil borings, tests and
                  samples, provided that such costs incurred by Buyer pursuant
                  to this Section 6.1.8 (iii) must be approved by Sellers in
                  advance, which consent will be timely given and not
                  unreasonably withheld, collectively, "Environmental Costs";
                  and

                           6.1.9. any liability, obligation or other amount
                  payable with respect to the Supply Business, whether incurred
                  prior to or after the date hereof.

                  6.2.     INDEMNIFICATION BY BUYER.

                  Buyer shall indemnify and hold harmless Sellers and their
         respective officers, employees, agents, and shareholders, if any
         (collectively, the "Seller Group"), in respect of any and all Losses
         (as defined above) reasonably incurred by Sellers, together with
         interest on cash disbursements in connection therewith at the Reference
         Rate from 60 days after the date that such Losses were incurred by the
         Seller Group until paid by Buyer, in connection with each and all of
         the following:

                           6.2.1. any breach of any representation or warranty
                  made by Buyer in this Agreement.

                           6.2.2. the breach of any covenant, agreement or
                  obligation of Buyer contained in this Agreement or any other
                  instrument delivered at the Closing;

                           6.2.3. any misrepresentation contained in any
                  Schedule, certificate or any other document furnished by Buyer
                  pursuant to this Agreement;

                           6.2.4. any claim, demand or cause of action
                  (including warranty claims and claims relating to physical
                  injury, death or property damage) relating to or proximately
                  caused by either (i) products manufactured by the Company
                  after the Closing Date or (ii) any products sold or leased by
                  the Company more than 90 days after the Closing Date;

                           6.2.5. the violation of any federal, state, local or
                  foreign laws, regulations, orders, requirements or ordinances,
                  including those dealing with environmental matters, on or
                  after the Closing Date by Buyer and its affiliates, agents or
                  assigns in relation to the Company, except with regard to
                  existing practices of the Company; and

                           6.2.6. any Environmental Condition relating to the
                  Company which, except with regard to existing practices of the
                  Company, result from the operations of the Company after the
                  Closing Date or which came into existence after the Closing
                  Date (including, but not limited to, Environmental Costs to
                  the extent they directly arise from such violations).

                  6.3.     CLAIMS FOR INDEMNIFICATION.

                                     EX-76
<PAGE>

                  Whenever any claim shall arise for indemnification hereunder,
         the party entitled to indemnification (the "indemnified party") shall
         promptly notify the other party (the "indemnifying party") of the claim
         and, when known, the facts constituting the basis for such claim. In
         the event of any claim for indemnification hereunder resulting from or
         in connection with any claim or legal proceedings by a third party, the
         notice to the indemnifying party shall specify, if known, the amount or
         an estimate of the amount of the liability potentially arising
         therefrom. The indemnified party shall not settle or compromise any
         claim by a third party for which it is entitled to indemnification
         hereunder, without the prior written consent of the indemnifying party;
         provided, however, that if such consent is not granted the amount of
         indemnity provided by the Indemnitor shall not be limited by Section
         6.4 or 6.6 and, at the election of Buyer, only the portion of any loss
         equal to the refused settlement shall be deducted or payable from the
         Escrow Account, all other amounts shall be paid directly to Buyer by
         wire transfer by Sellers or the distributees of the assets of the
         Sellers.

                  6.4.     DEFENSE BY INDEMNIFYING PARTY.

                  In connection with any claim giving rise to indemnity
         hereunder resulting from or arising out of any claim or legal
         proceeding by a person who is not a party to this Agreement, the
         indemnifying party at its sole cost and expense may, upon written
         notice to the indemnified party given within 30 days after delivery of
         the written notice referred to in Section 6.3 hereof, assume the
         defense of any such claim or legal proceeding if it acknowledges to the
         indemnified party in writing its obligations to indemnify the
         indemnified party with respect to all elements of such claim. The
         indemnified party shall be entitled to participate in (but not control)
         the defense of any such action, with its own counsel and at its own
         expense. If the indemnifying party does not assume the defense of any
         such claim or litigation resulting therefrom, (a) the indemnified party
         may defend against such claim or litigation, in such manner as it may
         deem appropriate, including, but not limited to, settling such claim or
         litigation, after giving notice of the same to the indemnifying party,
         on such terms as the indemnified party may deem appropriate, and (b)
         the indemnifying party shall be entitled to participate in (but not
         control) the defense of such action, with its counsel and at its own
         expense. If the indemnifying party thereafter seeks to question the
         manner in which the indemnified party defended such third party claim
         or the amount or nature of any such settlement, the indemnifying party
         shall have the burden to prove by a preponderance of the evidence that
         the indemnified party did not defend or settle such third party claim
         in a reasonably prudent manner as a prudent businessman would if his
         own funds were subject to such suit.

                  6.5.     MANNER OF INDEMNIFICATION.

                  All indemnification by either party hereunder shall be
         effected by payment of cash or delivery of a certified or official bank
         check in immediately available funds in the amount of the
         indemnification liability.

                  6.6.     LIMITATION ON INDEMNIFICATION.

                  Subject to any limitations contained therein, all
         representations and warranties made by the parties herein or in any
         instrument or document furnished in connection herewith shall survive
         the Closing and any investigation at any time made by or on behalf of
         the parties hereto and shall expire twenty-four months after the
         Closing Date, except (i) as to any matter as to which a claim is
         submitted in writing to the indemnifying party prior to the applicable
         expiration date and identified as a claim for indemnification pursuant
         to this Agreement; (ii) as to any representation or warranty relating
         to ownership or title to the Shares or the Company's assets, including
         real property, which shall not expire; (iii) as to any matter which is
         based upon willful fraud by the indemnifying party, with respect to
         which the representations and warranties set forth in this Agreement
         shall expire only upon expiration of the applicable statute of
         limitations plus one year; (iv) as to any representation or warranty
         concerning tax or environmental matters, which shall expire only upon
         the expiration of the applicable statute of limitations plus one year;
         and (v) as to any representation or warranty concerning the authority
         to execute this Agreement or any of the other documents contemplated
         hereby, which shall not expire. No claim or action for indemnity
         pursuant to Sections 6.1 or 6.2 hereof for breach of any representation
         or warranty shall be asserted or maintained by any party hereto after
         the expiration of such representation or warranty pursuant to the
         preceding sentence

                                     EX-77
<PAGE>

         except for claims made in writing prior to such expiration and actions
         (whether instituted before or after such expiration) based on any claim
         made in writing prior to such expiration. Notwithstanding any other
         provisions contained in this Agreement, (i) neither Buyer nor Sellers
         shall be entitled to receive any amount under this Section 6 which
         exceeds Purchase Price; (ii) Buyer shall not be entitled to payment
         with respect to breaches of representations and warranties by Sellers
         (excluding those related to title to the Shares or the Company's
         assets) except if the aggregate of all Losses with respect thereto
         exceed the sum of $50,000, and in such event, Buyer shall be entitled
         to indemnification for all such Losses; and (iii) Sellers shall not be
         entitled to payment with respect to breaches of representations and
         warranties by Buyer except if the aggregate of all Losses with respect
         thereto exceed the sum of $50,000, and in such event, Sellers shall be
         entitled to indemnification for all such Losses.

                  6.7.     SOLE BASIS FOR RECOVERY.

                  Unless specifically provided for elsewhere in this Agreement,
         the parties intend Section 6. to be the exclusive method for
         compensating each other for, or indemnifying each other against, claims
         relating to the Company and the transactions contemplated by this
         Agreement.

                  6.8. JOINT AND SEVERAL LIABILITY. The liability of Sellers
         under this Section 6. shall be joint and several. Buyer shall not have
         any obligation to marshall its claims hereunder to minimize the
         obligations of any of the Sellers.

         7.       DOCUMENTS TO BE DELIVERED AT CLOSING.

                  7.1. CLOSING DOCUMENTS DELIVERED BY SELLERS. Buyer shall have
         received at the Closing the following documents, dated as of the
         Closing Date:

                           7.1.1. RESIGNATIONS. Each of the Shareholders shall
                  resign his employment with the Company on terms regarding
                  confidentiality and noncompetition acceptable to Buyer, and,
                  upon the request of Buyer, the officers and directors of the
                  Company shall resign.

                           7.1.2. Stock certificates representing the Shares,
                  duly endorsed for transfer.

                           7.1.3. An opinion of counsel to Sellers in a form
                  acceptable to counsel to Buyer.

                           7.1.4. Certificates of good standing and existence
                  with respect to the Company.

                           7.1.5. All third party consents and approvals
                  required or necessary in connection with the consummation of
                  this Agreement.

                           7.1.6. Releases from the Sellers of any claims
                  against the Company in a form satisfactory to Buyer's counsel.

                           7.1.7. Non-competition agreements from each Seller in
                  a form satisfactory to Buyer's counsel.

                           7.1.8. Any other documents, certificates, or
                  instruments contemplated by this Agreement to be delivered by
                  Sellers to Buyer.

                  7.2. CLOSING DOCUMENTS DELIVERED BY BUYER. Sellers shall have
         received at the Closing the following documents, dated as of the
         Closing date:

                           7.2.1. Any documents, certificates, or instruments
                  contemplated by this Agreement to be delivered by Buyer to
                  Sellers.

                                     EX-78
<PAGE>

         8.       MISCELLANEOUS.

                  8.1.     NOTICES.

                  All notices, requests, demands, and other communications
         hereunder shall be in writing and shall be deemed given if delivered
         personally or sent by fax during normal business hours of the
         recipient, the next business day if sent by a national overnight
         delivery service, charges prepaid, or three (3) days after mailed by
         certified or registered mail, postage prepaid, return receipt
         requested, to the parties, their successors in interest or their
         assignees at the following addresses, or at such other addresses as the
         parties may designate by written notice in the manner aforesaid:

                  If to Buyer:
                  TPS Coastal Electric, Inc.
                  600 Travis, Suite 6000
                  Houston, Texas  77002
                  Attention:  Mr. Michael L. Stansberry

                  With a copy to:
                  First Reserve Corporation
                  1801 California Street
                  Denver, Colorado 80202
                  Attention: Thomas R. Denison
                  Fax No.: (303) 382-1275

                  and

                  Porter & Hedges, L.L.P.
                  700 Louisiana, Suite 3500
                  Houston, Texas 77002
                  Attention:  Mr. Richard L. Wynne
                  Fax No.: (713) 226-0247

                  If to Sellers:
                  Gary Wofford
                  600 Rio Grande Drive
                  Mission, Texas 78572

                  Larry Wofford
                  2616 Wofford Road
                  Bay City, Texas 77414

                  Darlene Lyle
                  2617 Wofford Road
                  Bay City, Texas 77414

                  Gayla Jessup
                  1231 Pioneer
                  Richmond, Texas 77469

                  Stanley Wofford
                  2705A Wofford Road
                  Bay City, Texas 77414

                  With copies to:
                  B. Allen Cumbie
                  1514 Seventh Street

                                     EX-79
<PAGE>

                  Bay City, Texas 77414
                  Fax No. (979) 245-1146

                  8.2.     ASSIGNABILITY AND PARTIES IN INTEREST.

                  This Agreement shall inure to the benefit of and be binding
         upon Buyer and Sellers and their respective successors and assigns,
         provided, Sellers may not assign their rights and obligations without
         the consent of Buyer.

                  8.3.     GOVERNING LAW.

                  THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND
         ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE
         APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED ENTIRELY WITHIN THAT
         STATE.

                  8.4.     COUNTERPARTS.

                  This Agreement may be executed simultaneously in one or more
         counterparts, each of which shall be deemed an original, but all of
         which shall constitute but one and the same instrument.

                  8.5.     INDEMNIFICATION FOR BROKERAGE.

                           Buyer and Sellers each represent and warrant that no
broker or finder has acted on its behalf in connection with this Agreement or
the transactions contemplated hereby. In addition to the indemnification
obligations contained in Section 6, each party hereto agrees to indemnify and
hold harmless the others from any claim or demand for commissions or other
compensation by any broker, finder or similar agent who is or claims to have
been employed by or on behalf of such party.

                  8.6.     PUBLICITY.

                  Sellers and Buyer agree that press releases and other
         announcements to be made by any of them with respect to the
         transactions contemplated hereby shall be subject to mutual agreement.
         Notwithstanding the foregoing, Sellers and Buyer may respond to
         inquiries relating to this Agreement and the transactions contemplated
         hereby by the press, securities analysts, employees, or customers
         without any notice or further consent of the other parties hereto.

                  8.7.     COMPLETE AGREEMENT.

                  This Agreement, the Exhibits hereto, the Schedules and the
         documents delivered pursuant to this Agreement contain or will contain
         the entire agreement between the parties hereto with respect to the
         subject matter hereof and shall supersede all previous oral and written
         and all contemporaneous oral negotiations, commitments, and
         understandings.

                  8.8.     INTERPRETATION.

                  The headings contained in this Agreement are for reference
         purposes only and shall not affect in any way the meaning or
         interpretation of this Agreement.

                  8.9.     SEVERABILITY.

                  Any provision of this Agreement which is invalid, illegal, or
         unenforceable in any jurisdiction shall, as to that jurisdiction, be
         ineffective to the extent of such invalidity, illegality, or
         unenforceability, without affecting in any way the remaining provisions
         hereof in such jurisdiction or rendering that or any other provision of
         this Agreement invalid, illegal, or unenforceable in any other
         jurisdiction.

                                     EX-80
<PAGE>

                  8.10.    KNOWLEDGE: DUE DILIGENCE INVESTIGATION.

                  All representations and warranties contained herein which are
         made to the knowledge of Sellers or Buyer shall mean to the knowledge
         of Sellers and/or Buyer based on, and assuming they had conducted, a
         reasonable investigation of such matters.

                  8.11.    EXPENSES AND TRANSACTIONS.

                  All fees, costs and expenses incurred by Buyer or Sellers in
         connection with the transactions contemplated by this Agreement shall
         be borne by the party incurring the same.

                  8.12.    LIMIT ON INTEREST.

                  Notwithstanding anything in this Agreement to the contrary,
         neither party hereto shall be obligated to pay interest at a rate
         higher than the maximum rate permitted by applicable law.

                  8.13.    SUBMISSION TO JURISDICTION.

                  Each of the parties hereto irrevocably consents that any legal
         action or proceeding against it or any of its property with respect to
         this Agreement or any other agreement executed in connection herewith
         may be brought in a District Court of Harris County, Texas, any Federal
         court of the United States of America located in Harris County, Texas,
         or both, and by the execution and delivery of this Agreement each party
         hereto hereby accepts with regard to any such action or proceeding for
         itself and in respect of its property, generally and unconditionally,
         the jurisdiction of the aforesaid courts.

                  8.14.    ARBITRATION.

                  Any controversy, dispute, or claim arising out of, in
         connection with, or in relation to, the interpretation, performance or
         breach of this Agreement, including, without limitation, the validity,
         scope, and enforceability of this Section 8.14, may at the election of
         Buyer or Sellers be solely and finally settled by arbitration conducted
         in Texas, by and in accordance with the then existing rules for
         commercial arbitration of the American Arbitration Association, or any
         successor organization; provided however, that this Section 8.14 shall
         not apply nor be interpreted to affect the resolution of a Dispute
         Notice through the arbitration procedures set forth in Section 2.3.3 of
         this Agreement. Judgment upon any award rendered by the arbitrator(s)
         may be entered by the state or Federal Court having jurisdiction
         thereof. Any of the parties may demand arbitration by written notice to
         the other and to the American Arbitration Association ("Demand for
         Arbitration"). Any Demand for Arbitration pursuant to this Section 8.14
         shall be made within 180 days from the date that the dispute upon which
         the demand is based arose or the other parties shall have the option to
         have such dispute adjudicated in a court of competent jurisdiction
         pursuant to Section 8.13. The Arbitrators shall conduct the arbitration
         in a manner in accordance with the laws of the State of Delaware and
         the rules of the American Arbitration Association. The arbitrators may
         only award compensatory damages and are specifically not empowered to
         award punitive damages. The parties hereby expressly waive any right
         any of them may have to punitive damages. The parties intend that this
         agreement to arbitrate be valid, enforceable and irrevocable.

                  8.15. WAIVER OF PUNITIVE DAMAGES. The parties hereby expressly
         waive any right any of them may have to punitive damages.

                                     EX-81
<PAGE>

          IN WITNESS WHEREOF, the undersigned duly execute this Agreement as of
the date first written above.

                                                  SELLERS:

                                       /s/ GARY WOFFORD
                                       -----------------------------------------
                                       Gary Wofford

                                       /s/ LARRY WOFFORD
                                       -----------------------------------------
                                       Larry Wofford

                                       /s/ DARLENE LYLE
                                       -----------------------------------------
                                       Darlene Lyle

                                       /s/ GAYLA JESSUP
                                       -----------------------------------------
                                       Gayla Jessup

                                       /s/ STANLEY WOFFORD
                                       -----------------------------------------
                                       Stanley Wofford

                                       BUYER:

                                       TPS COASTAL ELECTRIC, INC.

                                       By: /s/ MICHAEL L. STANSBERRY
                                          --------------------------------------
                                               Michael L. Stansberry
                                               President

                                     EX-82<PAGE>

                                  EXHIBIT 10.19

                            STOCK PURCHASE AGREEMENT

                                  BY AND AMONG

      BOBBY J. CORTE, SR., BOBBY J. CORTE, JR., KANE J. CORTE, CHRIS CORTE,
                             AND KIM LEE CORTE SANVI
                                 SHAREHOLDERS OF
                                  COR-VAL, INC.

                                       AND

                            T-3 ENERGY SERVICES, INC.

                            DATED: FEBRUARY 29, 2000

                                     EX-83
<PAGE>

                                TABLE OF CONTENTS

STOCK PURCHASE AGREEMENT...................................................    1
RECITALS:..................................................................    1
AGREEMENT:.................................................................    1
1.  AGREEMENT TO SELL AND AGREEMENT TO PURCHASE............................    2
         1.1.  PURCHASE OF SHARES FROM SHAREHOLDERS.  .....................    2
         1.2.  EXCLUDED ASSETS.  ..........................................    2
         1.3.  ACQUISITION OF NON-PURCHASED SHARES.........................    2
         1.4.  FURTHER ASSURANCES.  .......................................    3
         1.5.  CLOSING.  ..................................................    4
2.  CONSIDERATION TO BE PAID BY BUYER.  ...................................    4
         2.1.  PURCHASE PRICE FOR SHARES.  ................................    3
         2.2.  PAYMENT OF PURCHASE PRICE.  ................................    4
         2.3.  PURCHASE PRICE ADJUSTMENT.  ................................    5
3.  REPRESENTATIONS AND WARRANTIES OF SELLERS.  ...........................    8
         3.1.  ORGANIZATION AND GOOD STANDING.  ...........................    8
         3.2.  AUTHORIZATION OF AGREEMENT.  ...............................    8
         3.3.  OWNERSHIP OF SHARES.  ......................................    9
         3.4.  CAPITALIZATION.  ...........................................    9
         3.5.  FINANCIAL CONDITION.  ......................................    9
         3.6.  PROPERTY OF THE COMPANY.  ..................................   10
         3.7.  AGREEMENT NOT IN BREACH OF OTHER INSTRUMENTS.  .............   13
         3.8.  EMPLOYMENT AGREEMENTS; EMPLOYEE BENEFITS.  .................   13
         3.9.  LABOR AND EMPLOYMENT MATTERS.  .............................   17
         3.10.  LITIGATION.  ..............................................   18
         3.11.  CONTRACTS.  ...............................................   19
         3.12.  REGULATORY APPROVALS.  ....................................   20
         3.13.  COMPLIANCE WITH LAW.  .....................................   21
         3.14.  INDEBTEDNESS FROM EMPLOYEES.  .............................   21
         3.15.  ACCOUNTS RECEIVABLE.  .....................................   21
         3.16.  INSURANCE.  ...............................................   21
         3.17.  POWERS OF ATTORNEY AND SURETYSHIPS.  ......................   22
         3.18.  NO UNDISCLOSED LIABILITIES.  ..............................   22
         3.19.  ENVIRONMENTAL MATTERS.  ...................................   22
         3.20.  CONFLICT OF INTEREST.  ....................................   23
         3.21.  TAXES.  ...................................................   24
         3.22.  LIENS.  ...................................................   30
         3.23.  OTHER INFORMATION.  .......................................   30
         3.24.  NO OTHER REPRESENTATIONS.  ................................   30
         3.25.  NO KNOWN BREACHES.  .......................................   30
4.  REPRESENTATIONS AND WARRANTIES OF BUYER.  .............................   30
         4.1.  ORGANIZATION.  .............................................   30
         4.2.  CORPORATE AUTHORITY.  ......................................   30
         4.3.  AGREEMENT NOT IN BREACH OF OTHER INSTRUMENTS.  .............   31
         4.4.  INVESTMENT INTENT.  ........................................   31
         4.5.  REGULATORY AND OTHER APPROVALS.  ...........................   31
         4.6.  NO KNOWN BREACHES.  ........................................   32
         4.8.  GUARANTEES BY SELLERS OF COMPANY DEBT.  ....................   32
         4.9.  NO OTHER REPRESENTATIONS.  .................................   32

                                     EX-84
<PAGE>
                               TABLE OF CONTENTS

5.  CERTAIN UNDERSTANDINGS AND AGREEMENTS OF THE PARTIES.  ................   32
         5.1.  COOPERATION IN LITIGATION.  ................................   32
         5.2.  TAX MATTERS.  ..............................................   33
         5.3.  EMPLOYMENT, CONFIDENTIALITY, AND NON-COMPETE AGREEMENTS.  ..   34
         5.4.  SALE OF PROPERTY TO THE COMPANY.  ..........................   35
         5.5.  MERGER.  ...................................................   35
         5.6.  PHASE I ENVIRONMENTAL ASSESSMENT.  .........................   35
6.  INDEMNIFICATION.  .....................................................   36
         6.1.  INDEMNIFICATION BY SELLERS.  ...............................   36
         6.2.  INDEMNIFICATION BY BUYER.  .................................   37
         6.3.  CLAIMS FOR INDEMNIFICATION.  ...............................   38
         6.4.  DEFENSE BY INDEMNIFYING PARTY.  ............................   38
         6.5.  MANNER OF INDEMNIFICATION.  ................................   39
         6.6.  LIMITATIONS ON INDEMNIFICATION.  ...........................   39
         6.7.  SOLE BASIS FOR RECOVERY.  ..................................   40
         6.8.  LIABILITY OF THE SELLERS.  .................................   40
         6.9.  RELEASE FROM LIABILITY.  ...................................   40
         6.10.  TAX BENEFIT.  .............................................   41
         6.11.  INSURANCE.  ...............................................   41
         6.12.  ENVIRONMENTAL MATTERS.  ...................................   41
         6.13.  ATTORNEY'S FEES.  .........................................   41
7.  DOCUMENTS TO BE DELIVERED AT CLOSING.  ................................   41
         7.1.  CLOSING DOCUMENTS DELIVERED BY SELLERS.  ...................   41
         7.2.  CLOSING DOCUMENTS DELIVERED BY BUYER.  .....................   42
         8.  RELEASE.  ....................................................   43
9.  MISCELLANEOUS.  .......................................................   44
         9.1.  NOTICES.  ..................................................   44
         9.2.  ASSIGNABILITY AND PARTIES IN INTEREST.  ....................   45
         9.3.  GOVERNING LAW.  ............................................   44
         9.4.  COUNTERPARTS.  .............................................   46
         9.5.  INDEMNIFICATION FOR BROKERAGE.  ............................   46
         9.6.  PUBLICITY.  ................................................   46
         9.7.  COMPLETE AGREEMENT.  .......................................   46
         9.8.  INTERPRETATION.  ...........................................   46
         9.9.  SEVERABILITY.  .............................................   47
         9.10.  KNOWLEDGE:  DUE DILIGENCE INVESTIGATION.  .................   47
         9.11.  EXPENSES OF TRANSACTIONS.  ................................   47
         9.12.  LIMIT ON INTEREST.  .......................................   47
         9.13.  SUBMISSION TO JURISDICTION.  ..............................   47
         9.14.  ARBITRATION.  .............................................   47
         9.15.  WAIVER OF PUNITIVE DAMAGES.  ..............................   48
         9.16.  REVIEW OF AGREEMENT; REPRESENTATION BY COUNSEL.............   48

                                     EX-85
<PAGE>

                               TABLE OF CONTENTS

EXHIBITS
EXHIBIT A  ESCROW AGREEMENT
EXHIBIT B  STOCKHOLDER AGREEMENT
EXHIBIT 1.2  EXCLUDED ASSETS
EXHIBIT 2.3.1  FORM OF CLOSING BALANCE SHEET
EXHIBIT 5.3.(1)  EMPLOYMENT AGREEMENT
EXHIBIT 5.3.(2)  NON-COMPETE AGREEMENT
EXHIBIT 5.4  PURCHASE AGREEMENT (ACT OF CASH SALE ATTACHED THERETO AS EXHIBIT B)

                                     EX-86
<PAGE>

                               TABLE OF CONTENTS

SCHEDULES

Schedule 1.3.2.      Capital Contributions of Shareholders of Buyer

Schedule 2.2.1.      Sellers' Wire Transfer Instructions

Schedule 3.1.        Louisiana Parishes in which the Company does Business

Schedule 3.4.        Shareholders' Agreement

Schedule 3.5.1.      Financial Statements

Schedule 3.5.2.(ii)(b)  Assets Transferred Other than in the Ordinary Course
                        of Business

Schedule 3.5.2(iii)  Compensation Increases

Schedule 3.6.1.      Real Property

Schedule 3.6.1.3     Exceptions to Good Operating Condition of Real Property

Schedule 3.6.2.      Inventory

Schedule 3.6.3.      Tangible Personal Property

Schedule 3.6.4.      Intangible Personal Property

Schedule 3.6.5.      Subsidiaries

Schedule 3.7.        Consents

Schedule 3.8.1.      Employment Agreements

Schedule 3.8.2.      Employee Benefit Plans

Schedule 3.9.        Labor and Employment Matters

Schedule 3.9.5.      Part-time workers and unskilled office assistants
                     and laborers

Schedule 3.10.       Litigation

Schedule 3.11.       Contracts

Schedule 3.13.       Compliance With Law Exceptions

Schedule 3.14.       Employee Indebtedness

Schedule 3.15.       Accounts Receivable

Schedule 3.16.       Insurance

[Schedule 3.19.      Environmental Matters

Schedule 3.20.       Conflicts

Schedule 3.21.2.     Taxable Years/Examinations (and copy of 1998
                     audit settlement)

                                     EX-87
<PAGE>

                               TABLE OF CONTENTS

Schedule 3.21.3.     Tax Returns, etc.

Schedule 3.21.3.7.   Tax Affiliates

Schedule 3.21.3.9    263A

Schedule 3.21.3.21.  Tax Elections

Schedule 3.21.3.22.  Tax Returns Within 60 Days

Schedule 3.21.3.23.  State, local, or foreign jurisdictions in which the Company
                     is or at any time during the past 5 years subject to Tax

Schedule 3.22.       Description of Company Indebtedness Guaranteed by Sellers;
                     Liens on Assets

Schedule 6.1.3.      Due Diligence Materials

Schedule 9.5.        Brokerage

                                     EX-88
<PAGE>

                            STOCK PURCHASE AGREEMENT

         This STOCK PURCHASE AGREEMENT (this "Agreement") is made and entered
into as of this 29th day of February, 2000 by and among BOBBY J. CORTE, SR.,
BOBBY J. CORTE, JR., KANE J. CORTE, CHRIS CORTE, and KIM LEE CORTE SANVI
(collectively, the "Sellers"), being all the shareholders of COR-VAL, INC., a
Louisiana corporation (Cor-Val, Inc. includes Cor-Val Services, Inc., a
Louisiana corporation and a wholly owned subsidiary of Cor-Val, Inc.
Hereinafter, the word "Company" refers to both entities on a consolidated basis
after June 30, 1999 and together as separate independent companies prior to June
30, 1999), and T-3 ENERGY SERVICES, INC., a Delaware corporation ("Buyer").
RECITALS:

         1. Sellers own all outstanding shares of the common stock, par value
$100.00 (the "Shares"), of the Company.

         2. The Company is engaged in the business of the following (the
"Business"):

                  (a) manufacturing and remanufacturing (1) angle body API
         monogrammed chokes, (2) linear diaphragm actuators and mechanical
         "Stepping" rotary actuators, and (3) global and angle style linear
         control valves; and

                  (b) the repair of (1) valves used to control the flow of media
         in the oil, gas, petrochemical and refinery applications and (2)
         annular and ram type blowout preventors and handling tools used in the
         exploration and production of hydrocarbons and/or petrochemicals.

         3. SELLERS DESIRE TO SELL TO BUYER A PORTION OF THE SHARES, AND BUYER
DESIRES TO ACQUIRE A PORTION OF THE SHARES ON THE TERMS AND CONDITIONS
HEREINAFTER SET FORTH.

         4. Immediately after Buyer's acquisition of the Purchased Shares (as
hereinafter defined) pursuant to this Agreement, Buyer and the Sellers, except
for Bobby J. Corte, Sr. and Chris Corte, shall cause Cor-Val Acquisition Corp.,
a Louisiana corporation and a wholly owned subsidiary of the Buyer, to be merged
into the Company. In consideration of the merger, the Sellers (except Bobby J.
Corte, Sr. and Chris Corte) shall each be given common stock in the Buyer in
exchange for that portion of the Shares owned by Sellers (except Bobby J. Corte,
Sr. and Chris Corte) not included in the Purchased Shares.

AGREEMENT:

         NOW, THEREFORE, in consideration of the premises and the mutual
promises contained herein, the parties hereto covenant and agree as follows:

1.  AGREEMENT TO SELL AND AGREEMENT TO PURCHASE.

         1.1.  PURCHASE OF SHARES FROM SHAREHOLDERS.

                  On the terms and subject to the conditions set forth herein,
         Sellers hereby sell, transfer, convey, assign and deliver to Buyer,
         free and clear of all liens, pledges, encumbrances and claims
         whatsoever, and Buyer hereby purchases, acquires, accepts, and
         acknowledges receipt thereof from Sellers that portion of the Shares
         set forth below under the column marked "Purchased Shares" (the
         "Purchased Shares"):

                                     EX-89
<PAGE>

<TABLE>
<CAPTION>
                  Sellers                 Purchased Shares      Non-Purchased Shares
                  -------                 ----------------      --------------------
                 <S>                         <C>                        <C>
                  Bobby J. Corte, Sr.        25 shares                  0 shares
                  Bobby J. Corte, Jr.        23.51 shares               1.49 shares
                  Kane J. Corte              23.51 shares               1.49 shares
                  Chris Corte                25 shares                  0 shares
                  Kim Lee Corte Sanvi        23.51 shares               1.49 shares
</TABLE>

         Sellers shall deliver to Buyer certificates representing the Purchased
         Shares, duly endorsed for transfer at the Closing (as defined in
         Section 1.3. hereof).

         1.2.  EXCLUDED ASSETS.

                  It is agreed and understood by the parties hereto that the
         Company has distributed certain assets to the Sellers. Those assets are
         hereinafter called "Excluded Assets" and are listed on Exhibit 1.2.
         which is attached hereto and made a part hereof.

         1.3.  ACQUISITION OF NON-PURCHASED SHARES.

                  1.3.1.  MERGER.

                  In connection with, and as part of the same transaction as,
         Buyer's acquisition of the Purchased Shares pursuant to this Agreement,
         Buyer and Sellers shall cause a merger of Cor-Val Acquisition Corp., a
         wholly owned Louisiana subsidiary corporation of Buyer, with and into
         the Company (the "Merger"). In accordance with the plan of the Merger,
         each Seller (other than Bobby J. Corte, Sr. and Chris Corte) shall
         receive fully-paid, non-assessable shares of the single class of common
         stock of Buyer having a value of $200,000 (the "Buyer Shares") in
         exchange for their Non-Purchased Shares. Buyer, and its shareholders
         and directors, shall cause the Buyer Shares to be entitled to the
         rights set forth in the Stockholder Agreement (attached hereto as
         Exhibit B) executed as of this date and attached hereto and made a part
         hereof. The parties agree and acknowledge that the value of the
         Non-Purchased Shares surrendered in the Merger by each Seller (except
         Bobby J. Corte, Sr. and Chris Corte) is $200,000.

                  1.3.2.  TAX TREATMENT.

                  It is the intention of the parties that the Merger, together
         with the capital contributions of the shareholders of Buyer (other than
         Sellers) to Buyer (as set forth on Schedule 1.3.2. hereof), shall be
         treated as a transaction described in Section 351 of the Internal
         Revenue Code of 1986, as amended (the "Code"). To that end, Buyer
         represents and warrants to Sellers that:

                  (1) the capital contributions to Buyer by the shareholders of
         Buyer (other than Sellers) are proportionate in value to the
         contribution by certain of the Sellers through the Merger;

                                     EX-90
<PAGE>

                  (2) the Sellers (other than Bobby J. Corte, Sr. and Chris
         Corte) and the shareholders of Buyer making the capital contributions
         set forth on Schedule 1.3.2. shall have "control" of Buyer (within the
         meaning of Section 368(c) of the Code) immediately after, and as a
         result of, the transactions contemplated by this Agreement and the
         Merger; and

                  (3) Buyer shall make all tax filings consistent with the tax
         treatment of transactions as intended by the parties.

         1.4.  FURTHER ASSURANCES.

                  From time to time after the Closing, Sellers and Buyer, and
         each of their respective successors, will execute and deliver to the
         other party such instruments of sale, transfer, conveyance, assignment
         and delivery, consents, assurances, powers of attorney and other
         instruments as may be reasonably requested by Buyer or Sellers in order
         to vest in Buyer all right, title and interest of Sellers in and to the
         Purchased Shares and otherwise in order to carry out the purpose and
         intent of this Agreement.

         1.5.  CLOSING.

                  The closing (the "Closing") of the transactions herein
         contemplated shall take place on or before February 29, 2000, at the
         offices of Liskow & Lewis located at One Shell Square, 701 Poydras
         Street, New Orleans, Louisiana 70139 and be effective as of 10:00 a.m.,
         local time, on the date hereof (the "Closing Date"). All actions taken
         and all documents delivered at the Closing shall be deemed to have
         occurred simultaneously.

                                     EX-91
<PAGE>

2.  CONSIDERATION TO BE PAID BY BUYER.

         2.1.  PURCHASE PRICE FOR PURCHASED SHARES.

                  The purchase price for the Purchased Shares shall be an amount
         ("Purchase Price") equal to $16,121,000.00 plus or less, as the case
         may be, any Adjustment Amounts (as defined in Section 2.3.4.).

         2.2.  PAYMENT OF PURCHASE PRICE.

         2.2.1.  CASH TO SELLERS.

                  At the Closing, Buyer shall pay in immediately available funds
         by wire transfer (pursuant to the instructions set forth on Schedule
         2.2.1.) to Sellers the Purchase Price, less the Escrow Amount (as
         defined in Section 2.2.2.), to the separate accounts of Sellers in the
         following amounts:

<TABLE>
<CAPTION>
                  Sellers            Gross               Escrow      Net Payable
                  -------            -----              --------     -----------
         <S>                        <C>                 <C>           <C>
         Bobby J. Corte, Sr.        $3,344,200             0          $3,344,200

         Bobby J. Corte, Jr.        $3,144,200          $403,025      $2,741,175

         Kane J. Corte              $3,144,200          $403,025      $2,741,175

         Chris Corte                $3,344,200          $403,025      $2,941,175

         Kim Lee Corte Sanvi        $3,144,200          $403,025      $2,741,175
</TABLE>

         Notwithstanding anything herein contained to the contrary it is agreed
         and understood by the parties hereto that the Escrow Amount shall be
         paid only by the following Sellers in the following percentages:

          Bobby J. Corte, Jr.             25%

          Kane J. Corte                   25%

          Chris Corte                     25%

          Kim Lee Corte Sanvi             25%

         2.2.2. RETENTION OF ESCROW.

                  Buyer shall place in an interest bearing escrow account (the
         "Escrow Account") with Regions Bank through Bob Boquet (the "Escrow
         Agent") $1,612,100.00 of the Purchase Price (the "Escrow Amount"),
         which shall be subject to Section 6. and the Adjustment Amounts (as
         defined in Section 2.3.4). Distribution of the Escrow Amount shall be
         pursuant to an Escrow Agreement in the form of Exhibit A. The Escrow
         Amount, after taking into account any claims by Buyer against Sellers
         pursuant to Section 6. of this Agreement and any

                                     EX-92
<PAGE>

         Adjustment Amounts payable to Buyer to the extent not paid by Sellers,
         shall be paid to Sellers with interest as follows:

                           2.2.2.1. On September 1, 2000, Buyer shall cause the
                  Escrow Agent to pay to Sellers, in the percentages set forth
                  in Section 2.2.1., $806,050.00, less (i) any amount claimed
                  pursuant to Section 6. by Buyer up to September 1, 2000, and
                  (ii) any Adjustment Amounts payable to Buyer to the extent not
                  paid by Sellers, including interest earned on any such amounts
                  in the Escrow Account.

                           2.2.2.2. On March 1, 2001, Buyer shall cause the
                  Escrow Agent to pay to Sellers, in the percentages set forth
                  in Section 2.2.1., any remaining portion of the Escrow Amount,
                  less (i) any amount claimed pursuant to Section 6. by Buyer
                  through March 1, 2001 and (ii) any Adjustment Amounts payable
                  to Buyer to the extent not paid by Sellers, including interest
                  earned on any such amounts in the Escrow Account.

         2.3. PURCHASE PRICE ADJUSTMENTS.

                  2.3.1. PURCHASE PRICE. Seller shall prepare or cause to be
         prepared and delivered to Buyer at the Closing a good faith preliminary
         consolidated balance sheet of the Company as of February 29, 2000,
         prepared in accordance with generally accepted accounting principles
         consistently applied ("GAAP") on a basis consistent with the Financial
         Statements as such term is used in Section 3.5.1. of this Agreement
         (the "Closing Balance Sheet"). Upon request, the Sellers shall provide
         to the Buyer and its, representatives, accountants, and advisors with
         access to copies of all work papers and other relevant documents to
         verify the entries contained in the Closing Balance Sheet. The Closing
         Balance Sheet must include a calculation of (a) Net Working Capital
         (defined as the Company's current assets, excluding obsolete and slow
         moving items of Inventory (which have a total agreed value of
         $267,000.00 as of December 31, 1999), less the Company's current
         liabilities, excluding short-term debt and the current portion of long
         term debt) in the amount of $3,118,000.00 and (b) Total Debt (defined
         as the Company's combined short-term debt plus current portion of
         long-term debt plus long-term debt (treating capital leases as
         long-term debt) and shareholder loans) of not more than $1,279,000.00.
         The form of Closing Balance Sheet, prepared by Arthur Andersen LLP, for
         use by Sellers is attached to this Agreement as Exhibit 2.3.1.

                  2.3.2.

                  In the event the preliminary determination of Net Working
         Capital as set forth on the Closing Balance Sheet is greater (applying
         GAAP) than $3,118,000.00, the amount in excess will be paid at Closing
         by wire transfer by Buyer to Sellers in the percentages set forth in
         Section 2.2.1. Further, in the event the preliminary determination of
         Total Debt (applying GAAP) as set forth on the Closing Balance Sheet is
         less than $1,279,000.00, the amount of the decrease will

                                     EX-93
<PAGE>

         be paid at Closing by wire transfer by Buyer to Sellers in the
         percentages set forth in Section 2.2.1. On the other hand, if the
         preliminary determination of Net Working Capital as set forth in the
         Closing Balance Sheet is less (applying GAAP) than $3,118,000.00 and/or
         the preliminary determination of Total Debt is greater (applying GAAP)
         than $1,279,000.00, then the Purchase Price shall be reduced by the Net
         Working Capital deficiency amount and/or the Total Debt excess amount,
         as the case may be. Notwithstanding the foregoing, no adjustment shall
         occur on account of a change in Total Debt to the extent such change
         has been compensated through the Net Working Capital adjustment.
         Further, notwithstanding anything herein contained to the contrary,
         there shall be no purchase price adjustments under Section 2.3. for the
         following: (1) capital expenditures for the purchase of fixed assets
         that are listed on Schedule 2.3.2. that have been approved by Michael
         Stansberry on behalf of Buyer; and (2) Buyer and Sellers accept the
         Inventory adjustments made as of June 30, 1999 and the Inventory value
         as of June 30, 1999, and Buyer and Sellers agree that there will be no
         additional step-up in value (beyond the $287,000.00 step-up on July 1,
         1999) for the Inventory between June 30, 1999 and the Closing Date
         without first obtaining the written consent of Buyer, and no further
         Inventory value adjustments will be made by Sellers or Buyer except for
         an adjustment based on actual count. Buyer understands and acknowledges
         that on or before the Closing, Sellers intend to cause the Company to
         distribute to Sellers cash in an amount equal to sum of (i) the net
         income of the Company for the taxable period ended December 31, 1999
         and (ii) the net income of the Company for the taxable period from
         January 1, 2000 through the Closing Date. Sellers and Buyer understand
         and acknowledge that the foregoing may reduce the Net Working Capital
         of the Company.

                  2.3.3. On or before 60 days after the Closing Date, the
         Company shall cause the accounting firm of Arthur Andersen LLP to audit
         the Closing Balance Sheet in accordance with GAAP, and deliver the
         audited Closing Balance Sheet (the "Audited Closing Balance Sheet") to
         Buyer and Sellers in order to determine the "Adjustment Amounts" (as
         defined below in Section 2.3.4.). Upon reasonable notice and during
         reasonable business hours, Buyer agrees that the Company shall allow
         Sellers and Sellers' Accountant access to the persons involved in the
         preparation of the Audited Closing Balance Sheet and to all of their
         work-papers so as to permit Sellers and Sellers' Accountant to make
         copies of such work-papers supporting the amounts included in the
         Audited Closing Balance Sheet and to reasonably review the accounting
         procedures, tests, methods and approaches utilized by Arthur Andersen
         LLP.

                  2.3.4. On or before the 30th day following delivery of the
         Audited Closing Balance Sheet pursuant to Section 2.3.3., Sellers shall
         notify Buyer in writing of any objections to the Audited Closing
         Balance Sheet (and the determination of the Adjustment Amounts) as not
         complying with the requirements of Section 2.3., specifying in
         reasonable detail any such objections (a "Dispute Notice"). If (i)
         Sellers do not deliver a Dispute Notice within the time period
         specified above for delivery of a Dispute Notice (the "Notice Period"),
         or

                                     EX-94
<PAGE>

         (ii) prior to the expiration of the Notice Period, Sellers indicate in
         writing to Buyer that Sellers relinquish their right to object to the
         Audited Closing Balance Sheet, or (iii) Buyer and Sellers agree on the
         resolution of all such objections or changes at any time subsequent to
         the expiration of the Notice Period, the Audited Closing Balance Sheet,
         with any such changes as are agreed upon, shall be final and binding on
         the parties hereto. If Sellers and Buyer are unable to resolve the
         matters addressed in any Dispute Notice, each party shall within
         fourteen (14) business days after the delivery of such Dispute Notice,
         summarize its position with regard to such dispute in a written
         document of ten pages or less and submit such summaries to the New
         Orleans, Louisiana office of, KPMG, or such other party as the parties
         may mutually select (the "Accounting Arbitrator"), together with the
         Dispute Notice and any other documentation either party may desire to
         submit. The fees of the Accounting Arbitrator shall be split equally
         between Buyer and Sellers. The Accounting Arbitrator shall render a
         decision regarding such dispute in accordance with this Agreement,
         based on the materials described above and based upon the books and
         records of the Company within twenty business days of the submission of
         such materials. Any decision rendered by the Accounting Arbitrator
         pursuant hereto shall be final and binding between the parties for the
         purpose of determining the Adjustment Amounts under this Section 2.3.
         Within ten days after the final determination of the Audited Closing
         Balance Sheet pursuant to this Section 2.3.4., the following
         adjustments to the Purchase Price shall occur: (i) to the extent that
         the Net Working Capital balance on the Audited Closing Balance Sheet
         (applying GAAP) is different from the Net Working Capital balance set
         forth on the Closing Balance Sheet, then (a) any excess amount shall be
         paid by Buyer to Sellers or (b) any shortfall or deficiency amount
         shall be paid by Sellers to Buyer; and (ii) to the extent that the
         Total Debt amount set forth on the Audited Closing Balance Sheet
         (applying GAAP) is different from the Total Debt amount set forth on
         the Closing Balance Sheet, then (x) the amount of any decrease shall be
         paid by Buyer to Sellers or (y) the amount of any increase shall be
         paid by Sellers to Buyer. Notwithstanding the foregoing, no adjustment
         shall occur on account of a change in Total Debt to the extent such
         change has been compensated through the Net Working Capital adjustment.
         Payments under this Section 2.3.4. shall be in immediately available
         funds by wire transfer, and all such payments to Sellers shall be in
         the percentages set forth in Section 2.2.1. above. If Sellers fail to
         make any payment to Buyer required by this Section 2.3.4., then Buyer
         is authorized but not required to apply any or all of the Escrow Amount
         to such payment. The term "Adjustment Amounts" as used in this Section
         2.3. shall mean any payments, as adjusted, and/or reductions to the
         Purchase Price made by Buyer to Sellers or by Sellers to Buyer pursuant
         to Sections 2.3.2. and 2.3.4. of this Agreement.

3. REPRESENTATIONS AND WARRANTIES OF SELLERS.

         With the exception of the representations and warranties contained in
Sections 3.1., 3.2., 3.3., 3.4. and 3.21., all of the representations and
warranties in this Section 3. are made solely on Sellers' knowledge and any and
all liability for indemnification under Section 6. for a breach of a
representation and warranty or any misrepresentation contained in any Schedule,
certificate or other documents furnished by Sellers pursuant Section 7.1. of
this Agreement shall be limited to

                                     EX-95
<PAGE>

the failure by Sellers to disclose the cause of such breach or misrepresentation
of which Sellers have knowledge. Sellers represent and warrant to Buyer that:

         3.1.  ORGANIZATION AND GOOD STANDING.

                  Each of the Company and the Subsidiaries (as defined in
         Section 3.6.5.) is duly organized, validly existing and in good
         standing under the laws of the jurisdiction in which it was formed,
         with full power to carry on its business as it is now and has since its
         organization been conducted, and to own, lease or operate its assets.
         Either the Company or one of the Subsidiaries is duly authorized to do
         business and is in good standing in such other jurisdictions in which
         the failure to so qualify could have a material and adverse effect on
         the results of operations, properties, assets, condition (financial or
         otherwise), or prospects of the Company (a "Material Adverse Effect").
         Schedule 3.1. is a listing of the Louisiana parishes in which the
         Company does business and the Louisiana parishes adjacent to offshore
         waters in which the Company does business.

         3.2.  AUTHORIZATION OF AGREEMENT.

                  Sellers have all requisite power and authority to enter into
         this Agreement and to consummate the transactions contemplated hereby.
         This Agreement and all other agreements and instruments to be executed
         by Sellers in connection herewith have been duly executed and delivered
         by Sellers, have been effectively authorized by all necessary action,
         corporate or otherwise, and constitute legal, valid and binding
         obligations of Sellers.

                                     EX-96
<PAGE>

         3.3.  OWNERSHIP OF SHARES.

                  The Shares are owned beneficially and of record by Sellers,
         and are being transferred to Buyer free and clear of all liens,
         mortgages, charges, option rights, pledges, security interests,
         restrictions, prior assignments, encumbrances and claims of any kind or
         nature whatsoever. No Shares are subject to any restriction with
         respect to their transferability (other than restrictions on transfer
         under applicable Federal and state securities laws).

         3.4.  CAPITALIZATION.

                  The authorized capital stock of the Company consists of 1,000
         shares of common stock, par value $100.00, of which 125 are issued and
         outstanding and which are owned by Sellers in the percentages set forth
         in Section 2.2.1. All of the Shares have been duly authorized, validly
         issued (free of all past, present and future preemptive rights), and
         are fully paid and non-assessable. Other than as disclosed on Schedule
         3.4., there are no outstanding or authorized options, warrants,
         subscriptions, calls, puts, conversion or other rights, contracts,
         agreements, commitments or understandings of any kind obligating the
         Company to issue, sell, purchase, return, redeem or pay any
         distribution or dividend with respect to any shares of capital stock of
         the Company or any other securities convertible into, exchangeable for
         or evidencing the right to subscribe for any shares of capital stock of
         or other ownership interest in the Company.

         3.5.  FINANCIAL CONDITION.

                  3.5.1.

                           Financial Statements. Schedule 3.5.1. sets forth the
                  following financial information: (i) the balance sheet of
                  Cor-Val, Inc. as of June 30, 1999, March 31, 1999, March 31,
                  1998, and March 31, 1997, and the related statements of
                  operations for the three months ended June 30, 1999 and each
                  of the three years in the period ended March 31, 1999, and
                  (ii) the balance sheet of Cor-Val Services, Inc. as of June
                  30, 1999, December 31, 1998 and December 31, 1997, and the
                  related statements of operations for the six months ended June
                  30, 1999 and each of the two years in the period ended
                  December 31, 1998 (collectively, the "Financial Statements").
                  The Financial Statements of Cor-Val, Inc. as of and for the
                  year ended March 31, 1999 and the three months ended June 30,
                  1999 and of Cor-Val Services, Inc. as of and for the year
                  ended December 31, 1998 and the six months ended June 30, 1999
                  were prepared in accordance with GAAP.

                                     EX-97
<PAGE>

                  3.5.2.

                           Absence of Certain Changes. Since June 30, 1999 (the
                  "Balance Sheet Date") there has not been (i) any damage,
                  destruction or loss, whether or not covered by insurance,
                  which, if not covered by insurance, could be a Material
                  Adverse Effect on the Company or its Subsidiaries; (ii) any
                  sale or transfer of any of the assets of the Company except
                  (a) sales in the ordinary course of the business of inventory
                  or immaterial amounts of other tangible personal property and
                  (b) for the transfers listed on Schedule 3.5.2.(ii)(b); (iii)
                  except as discussed on Schedule 3.5.2. (iii)any increase in,
                  or commitment to increase, the compensation payable or to
                  become payable to any of the Company's employees or any bonus
                  payment (other than as included as an accrued liability on the
                  Company's June 30, 1999 Financial Statement) or similar
                  arrangement made to or with any of the Company's employees
                  other than routine increases made in the ordinary course of
                  business not exceeding the greater of five percent per annum
                  or Two Thousand Dollars ($2,000) per annum for any of them
                  individually; (iv) any adoption of a plan or agreement or
                  amendment to any plan or agreement providing any new or
                  additional fringe benefits; or (v) except for adjustments due
                  to the acquisition of stock of Cor-Val Services, Inc., any
                  material alteration in the manner of keeping the Company's
                  books, accounts or records, or in the accounting practices
                  therein reflected. Since the Balance Sheet Date, the Company
                  has not (except with the prior written consent of Buyer): (a)
                  entered into any material transaction not in the ordinary
                  course of business; or (b) materially amended, modified, or
                  terminated any material Contract (as defined in Section
                  3.11.1.) other than in the ordinary course of its business.

       3.6.  PROPERTY OF THE COMPANY.

                  3.6.1.

                           Real Property. There is listed in Schedule 3.6.1. a
                  description of each parcel of real or immovable property owned
                  by or leased to the Company, or owned by or leased to Sellers
                  for use by the Company. Except as indicated in Schedule
                  3.6.1.:

                                    3.6.1.1. Each of the leases described in
                           Schedule 3.6.1. is a valid and binding obligation of
                           the Company or Sellers, as the case may be, and
                           Sellers do not have any knowledge that any of said
                           leases is not a valid and binding obligation of each
                           of the other parties thereto;

                                     EX-98
<PAGE>

                                    3.6.1.2. the Company and Sellers are not,
                           and Sellers do not have any knowledge that any other
                           party to any such lease is, in default with respect
                           to any material term or condition thereof, and
                           Sellers do not have any knowledge that any event has
                           occurred which through the passage of time or the
                           giving of notice, or both, would constitute a default
                           thereunder or would cause the acceleration of any
                           obligation of any party thereto or the creation of a
                           lien or encumbrance upon any asset of the Company;

                                    3.6.1.3. Except as disclosed on Schedule
                           3.6.1.3., all of the buildings, fixtures and other
                           improvements located on the real or immovable
                           property described in Schedule 3.6.1. are in good
                           operating condition and repair, and the Company or
                           Sellers, as the case may be, holds a valid and
                           effective occupational license and all other permits
                           and licenses required by applicable law relating to
                           the operation of such real properties and leaseholds.
                           Neither the Company nor Sellers have received notice
                           that the Company's operations at the real or
                           immovable property listed in Schedule 3.6.1. as
                           presently conducted is in violation of any applicable
                           building code, zoning ordinance or other law or
                           regulation;

                                    3.6.1.4. Neither the Company nor Sellers, as
                           the case may be, have experienced during the two
                           years preceding the date hereof any material
                           interruption in the delivery of adequate quantities
                           of any utilities (including, without limitation,
                           electricity, natural gas, potable water, water for
                           cooling or similar purposes and fuel oil) or other
                           public services (including, without limitation,
                           sanitary and industrial sewer service) required by
                           the Company during such period.

                  3.6.2.

                           Inventory. There is listed in Schedule 3.6.2. a
                  description of all inventories of (i) valves, chokes,
                  actuators, manifolds, blow out preventers, and miscellaneous
                  pressure control and drilling products; (ii) raw material,
                  work in progress, finished goods, containers, tote bins, and
                  other packaging material, spare parts, maintenance supplies;
                  and (iii) other similar items of the Company (the
                  "Inventory"). Except for items of Inventory that are obsolete
                  and/or slow moving for sale or rental purposes and steel
                  casting, the Inventory of the Company is good and merchantable
                  and is salable in the ordinary course of business. The
                  Inventory is carried on the books of the Company at the lower
                  of cost or market.

                  3.6.3.

                           Other Tangible Personal Property. There is listed in
                  Schedule 3.6.3.: (i) a description and the location of each
                  item of tangible personal property (other than Inventory)
                  owned by the Company or in the possession of the Company
                  having on the date hereof a depreciated book value per unit in
                  excess of Five Thousand Dollars ($5,000); (ii) an
                  identification of the owner of, and any agreement relating to
                  the use of, each item of tangible personal property under
                  leases or other similar agreements which provide for rental
                  payments at a rate in excess of Two Hundred Fifty Dollars
                  ($250) per month; and (iii) an identification of the owner of,
                  and any agreement relating to the use of, each motor vehicle
                  not owned by the Company, the rights to which are to be
                  transferred to Buyer pursuant hereto;

                  3.6.4.

                           Intangible Personal Property. There is listed in
                  Schedule 3.6.4.: an identification of all (i) foreign and
                  United States Federal or state patents, patent applications,
                  invention disclosures, copyrights, copyright registrations,
                  trademarks, trademark registrations, service marks, service
                  mark registrations, trade names, trade name registrations and
                  applications for any of the foregoing, owned or used by the
                  Company; (ii) claims of copyright that exist although no
                  registrations have been issued with respect thereto; and (iii)
                  fictitious or assumed

                                     EX-99
<PAGE>

                  business name filings with any state or local governmental
                  authority ("intangible personal property"). Schedule 3.6.4.
                  also sets forth a true and complete list of all licenses or
                  similar agreements or arrangements to which the Company is a
                  party either as licensee or licensor for each such item of
                  intangible personal property. Except as indicated in Schedule
                  3.6.4.:

       3.6.4.1. In the past two (2) year(s), there have not been any regulatory
       actions or other judicial or adversary proceedings involving the Company
       concerning any of such items of intangible personal property, nor is any
       such action or proceeding threatened;

       3.6.4.2. The Company has the right and authority to use said items of
       intangible personal property in connection with the conduct of its
       business in the manner presently conducted and, subject to the receipt of
       those consents listed on Schedule 3.7., to convey such right and
       authority to Buyer, and such use does not conflict with, infringe upon or
       violate any patent, trademark, servicemark, trade name, registration or
       similar rights of any other person, firm or corporation;

       3.6.4.3. There are no outstanding, or threatened, disputes or
       disagreements with respect to any licenses or similar agreements or
       arrangements described in Schedule 3.6.4.; and

       3.6.4.4.

                                    The conduct of its business by the Company
                           does not conflict with any patents, trademarks, trade
                           secrets, trade names or similar rights of others.

       3.6.5. SUBSIDIARIES

                           The Company owns one hundred percent (100%) of the
                  issued and outstanding stock of Cor-Val Services, Inc., a
                  Louisiana corporation. Set forth on Schedule 3.6.5 is (i) a
                  list of all other entities in which the Company holds a 50% or
                  greater interest (the "Subsidiaries"), (ii) a list of all
                  other entities in which the Company owns or holds any
                  interest, and (iii) the percentage ownership of the Company in
                  each such entity. There are no options, warrants, convertible
                  debt or other similar instruments entitling anyone to acquire
                  any capital stock or other equity interest of any of the
                  Subsidiaries.

       3.7.  AGREEMENT NOT IN BREACH OF OTHER INSTRUMENTS.

                  With the exception of master services agreements, the
         execution and delivery of this Agreement by Sellers and the
         consummation of the transactions contemplated hereby will not result in
         a breach of any of the terms and provisions of, or constitute a default
         under, or conflict with: (i) any Contract or any other material
         agreement, indenture or other instrument to which Sellers or the
         Company is a party or by which any of them is bound, subject to the
         receipt of those consents listed on Schedule 3.7. which have been
         obtained and provided to Buyer, (ii) the Articles of Incorporation and
         Bylaws of the Company and each of the Subsidiaries, (iii) any judgment,
         decree, order or award of any court, governmental body or arbitrator,
         or (iv) any law, rule or regulation applicable to Sellers or the
         Company.

       3.8.  EMPLOYMENT AGREEMENTS AND EMPLOYEE BENEFITS.

       3.8.1.

                           Except as set forth on Schedule 3.8.1., there are no
                  employment, consulting, severance pay, continuation pay,
                  termination pay or indemnification agreements or other similar
                  agreements of any nature whatsoever (collectively, "Employment
                  Agreements") between the Company or a Subsidiary, on the one

                                     EX-100
<PAGE>
                  hand, and any current or former stockholder, officer,
                  director, employee, consultant, or agent of the Company or a
                  Subsidiary, on the other hand, that are currently in effect.
                  Except as set forth on Schedule 3.8.1. there are no Employment
                  Agreements or any other similar agreements to which the
                  Company or any of its Subsidiaries is a party under which the
                  transactions contemplated by this Agreement (i) will require
                  any payment by the Company, a Subsidiary or Buyer, or any
                  consent or waiver from any stockholder, officer, director,
                  employee, consultant or agent of the Company, a Subsidiary or
                  Buyer, or (ii) will result in any change in the nature of any
                  rights of any stockholder, officer, director, employee,
                  consultant or agent of the Company or a Subsidiary under any
                  such Employment Agreement or other similar agreement.

                  3.8.2.

                           Schedule 3.8.2. sets forth Employee Benefit Plans of
                  the Company and its Subsidiaries. The Company has made true
                  and correct copies of all governing instruments and related
                  agreements pertaining to such benefit plans available to
                  Buyer.

                  3.8.3.

                           Neither the Company, any Subsidiary nor any of their
                  ERISA Affiliates sponsors or has ever sponsored, maintained,
                  contributed to, or incurred an obligation to contribute to,
                  any Employee Pension Benefit Plan.

                  3.8.4.

                           No individual shall accrue or receive additional
                  benefits, service or accelerated rights to payments of
                  benefits under any Employee Benefit Plan, including the right
                  to receive any parachute payment, as defined in Section 280G
                  of the Code, or become entitled to severance, termination
                  allowance or similar payments as a direct result of the
                  transactions contemplated by this Agreement.

                  3.8.5.

                           No Employee Benefit Plan has participated in, engaged
                  in or been a party to any non-exempt Prohibited Transaction,
                  and neither the Company, a Subsidiary nor any of their ERISA
                  Affiliates has had asserted against it any claim for taxes
                  under Chapter 43 of Subtitle A of the Code and Sections 5,000
                  of the Code , or for penalties under ERISA Section 502(c), (i)
                  or (l), with respect to any Employee Benefit Plan nor, to the
                  knowledge of the Shareholders, is there a basis for any such
                  claim. No officer, director or employee of the Company or a
                  Subsidiary of the Company has committed a material breach of
                  any responsibility or obligation imposed upon fiduciaries by
                  Title I of ERISA with respect to any Employee Benefit Plan.

                  3.8.6.

                           Other than routine claims for benefits, there is no
                  claim pending or to the knowledge of the Company and
                  Shareholders threatened, involving any Employee Benefit Plan
                  by any Person against such plan or the Company, any Subsidiary
                  or

                                     EX-101
<PAGE>

                  any ERISA Affiliate. There is no pending or to the knowledge
                  of the Company and Shareholders threatened proceeding
                  involving any Employee Benefit Plan before the IRS, the U.S.
                  Department of Labor or any other governmental authority.

                  3.8.7.

                           There is no violation of any reporting or disclosure
                  requirement imposed by ERISA or the Code with respect to any
                  Employee Benefit Plan.

                  3.8.8.

                           Each Employee Benefit Plan has at all times prior
                  hereto been maintained in all material respects, by its terms
                  and in operation, in accordance with ERISA and the Code. The
                  Company, each Subsidiary and their ERISA Affiliates have made
                  full and timely payment of all amounts required to be
                  contributed under the terms of each Employee Benefit Plan and
                  applicable law or required to be paid as expenses under such
                  Employee Benefit Plan, and the Company, each such Subsidiary
                  and their ERISA Affiliates shall continue to do so through the
                  Closing. Each Employer Benefit Plan intended to be qualified
                  under Code Section 401(a) has received a determination letter
                  to that effect from the Internal Revenue Service and no event
                  has occurred and no amendment has been made that would
                  adversely affect such qualified status.

                  3.8.9.

                           With respect to any group health plans maintained by
                  the Company, any Subsidiary or their ERISA Affiliates, whether
                  or not for the benefit of the Company's or such Subsidiary's
                  employees, the Company and its ERISA Affiliate have complied
                  in all material respects with the provisions of Part 6 of
                  Title I of ERISA and 4980B of the Code. Neither the Company
                  nor any Subsidiary is obligated to provide health care
                  benefits of any kind to its retired employees pursuant to any
                  Employee Benefit Plan, including without limitation any group
                  health plan, or pursuant to any agreement or understanding.

                  3.8.10.

                           The Company has made available to the Buyer a copy of
                  (i) the three (3) most recently filed Federal Form 5500 series
                  and accountant's opinion, if applicable, for each Employee
                  Benefit Plan and all applicable Internal Revenue Service
                  determination letters.

                  3.8.11.

                           For purposes of this Section 3.8., the following
                  definitions shall apply:

                           3.8.11.1.

                                    "Benefit Arrangement" means any material
                           benefit arrangement that is not an Employee Benefit
                           Plan, including, without limitation, (i) each
                           employment or consulting agreement, (ii) each
                           arrangement providing for insurance coverage or
                           workers' compensation benefits,

                                     EX-102
<PAGE>

                           (iii) each incentive bonus or deferred bonus
                           arrangement, (iv) each arrangement providing
                           termination allowance, severance or similar benefits,
                           (v) each equity compensation plan, (vi) each deferred
                           compensation plan and (vii) each compensation policy
                           and practice maintained by the Company or any ERISA
                           Affiliate covering the employees, former employees,
                           directors and former directors of the Company, and
                           the beneficiaries of any of them.

                           3.8.11.2.

                                    "COBRA" means the Consolidated Omnibus
                           Budget Reconciliation Act of 1985, as amended, as set
                           forth in Section 4980B of the Code and Part 6 of
                           Title I of ERISA.

                           3.8.11.3.

                                    "Code" means the Internal Revenue Code of
                           1986, as amended.

                           3.8.11.4.

                                    "Employee Benefit Plan" means any employee
                           benefit plan, as defined in Section 3(3) of ERISA,
                           that is sponsored or contributed to by the Company or
                           any ERISA Affiliate covering employees or former
                           employees of the Company.

                           3.8.11.5.

                                    "Employee Pension Benefit Plan" means any
                           employee pension benefit plan, as defined in Section
                           3(2) of ERISA, that is subject to Title IV of ERISA.

                           3.8.11.6.

                                    "ERISA" means the Employee Retirement Income
                           Security Act of 1974, as amended.

                           3.8.11.7.

                                    "ERISA Affiliate" of any person means any
                           other person that, together with such person as of
                           the relevant measuring date under ERISA, was or is
                           required to be treated as a single employer under
                           Section 414 of the Code.

                           3.8.11.8.

                                    "Prohibited Transaction" means a transaction
                           that is prohibited under Section 4975 of the Code or
                           Section 406 of ERISA and not exempt under Section
                           4975 of the Code or Section 408 of ERISA,
                           respectively.

       3.9.  LABOR AND EMPLOYMENT MATTERS.

                  3.9.1.

                           Except as set forth on Schedule 3.9.1., no collective
                  bargaining agreement exists that is binding on the Company or
                  any Subsidiary and, except as described

                                     EX-103
<PAGE>

                  on Schedule 3.9.1., no petition has been filed or proceedings
                  instituted by an employee or group of employees with any labor
                  relations board seeking recognition of a bargaining
                  representative. Schedule 3.9.1. describes any organizational
                  effort currently being made or threatened by or on behalf of
                  any labor union to organize any employees of the Company or
                  any Subsidiary.

                  3.9.2.

                           Except as set forth on Schedule 3.9.2., (i) there is
                  not now, and never has been, any labor strike, dispute, slow
                  down or stoppage pending or, to the Shareholders' knowledge,
                  threatened, against or directly affecting the Company or any
                  Subsidiary, (ii) no grievance or arbitration proceeding
                  arising out of or under any collective bargaining agreement is
                  pending, and no claims therefor exist; and (iii) neither the
                  Company, any Subsidiary nor any Shareholder has received any
                  notice or has any knowledge of any threatened labor or civil
                  rights dispute, controversy or grievance or any other unfair
                  labor practice proceeding or breach of contract claim or
                  action with respect to claims of, or obligations to, any
                  employee or group of employees of the Company or any
                  Subsidiary.

                  3.9.3.

                           If required under the Workers Adjustment and
                  Retraining Notification Act or other applicable state law
                  regulating plant closing or mass layoffs, the Company and its
                  Subsidiaries have timely caused there to be filed or
                  distributed, as appropriate, all required filings and notices
                  with respect to employment losses occurring through the
                  Closing Date.

                  3.9.4.

                           The Company and its Subsidiaries have complied and
                  are currently complying, in respect of all employees of the
                  Company and its Subsidiaries with all applicable laws
                  respecting employment and employment practices and the
                  protection of the health and safety of employees, from
                  whatever source such law may be derived, including, without
                  limitation, statutes, ordinances, laws, rules, regulations,
                  policies, standards, judicial or administrative precedents,
                  judgments, orders, decrees, awards, citations, licenses,
                  official interpretations and guidelines , except for such
                  instances which are not, in the aggregate, material.

                  3.9.5.

                           Other than part-time and unskilled office assistants
                  and laborers, all individuals who are performing or have
                  performed services for the Company, any Subsidiary and are or
                  were classified by the Company or any Subsidiary as
                  "independent contractors" qualify for such classification
                  under Section 530 of the Revenue Act of 1978 or Section 1706
                  of the Tax Reform Act of 1986, as applicable, except for such
                  instances which are not, in the aggregate, material. Part-time
                  workers and unskilled office assistants and laborers of the
                  Company are not on the Company's payroll and have been issued
                  1099 forms by the Company.

                                     EX-104
<PAGE>

                  The said part-time workers and unskilled office assistants and
                  laborers are identified on Schedule 3.9.5.

                           3.9.6. The Company and its Subsidiaries have complied
                  and are currently complying with the Americans With
                  Disabilities Act, 42 U.S.C.ss.12101, et seq., and all
                  applicable state laws prohibiting discrimination against
                  qualified individuals with disabilities and requiring access
                  accommodations.

       3.10.  LITIGATION.

                  3.10.1.

                           Except for (i) claims listed in Schedule 3.10. and
                  (ii) claims for the collection of accounts arising out of the
                  sale or purchase of goods or services in the ordinary course
                  of business involving less than $10,000 individually or
                  $100,000 in the aggregate, there are no claims, disputes,
                  actions, proceedings or investigations of any nature pending
                  or threatened against the Company, or any of the officers,
                  partners, shareholders, affiliates or employees of the
                  Company.

                  3.10.2.

                           No claim, action, suit, investigation, or other
                  proceeding is pending or threatened before any court or
                  governmental agency which presents a risk of the restraint or
                  prohibition of the transactions contemplated by this Agreement
                  or the obtaining of indemnification or other relief in
                  connection therewith.

       3.11.  CONTRACTS.

                  3.11.1.

                           Schedule 3.11. sets forth a true and correct list of
                  each contract to which the Company is a party, including but
                  not limited to any and all master service contracts, or to
                  which any Seller is a party and which relates to the business
                  of the Company ("Contracts"), except:

                           3.11.1.1.

                           Agreements for the purchase by the Company of goods,
                  materials or services in the ordinary course of business
                  involving less than $10,000 in consideration in each such
                  case;

                           3.11.1.2.

                           Agreements for the sale, rental or service by the
                  Company of goods or services in the ordinary course of
                  business in which the payment to be received pursuant to each
                  such agreement is less than $10,000 for each such non-listed
                  agreement;

                           3.11.1.3.

                           Agreements which are terminable at will by the
                  Company upon no more than 60 days notice without penalty,
                  default or liability and involving an amount less than
                  $10,000; and

                           3.11.1.4.

                           Agreements continuing for a period of six months or
                  less involving an amount less than $10,000 for each such
                  nonlisted agreement.

                                     EX-105
<PAGE>

                  3.11.2.

                  Except as set forth in Schedule 3.11.

                           3.11.2.1.

                                    Each Contract is a valid and binding
                           agreement of the Company and, to the knowledge of
                           Sellers, of the other parties thereto, subject to the
                           effect of bankruptcy and creditors' rights generally;

                           3.11.2.2.

                                    The Company has fulfilled all material
                           obligations required pursuant to each Contract to
                           have been performed by it or on its part prior to the
                           date hereof, and Sellers believe that, assuming Buyer
                           continues to operate the Company in the same manner
                           as Sellers, the Company will be able to fulfill, when
                           due, all of its obligations under the Contracts which
                           remain to be performed after the date hereof;

                           3.11.2.3.

                                    There has not occurred any material default
                           under any Contract on the part of the Company or on
                           the part of the other parties thereto; and there has
                           not occurred any event which with the giving of
                           notice or the lapse of time, or both, would
                           constitute any material default under any of the
                           Contracts; and

                           3.11.2.4.

                                    Except as provided in the Contracts, the
                           Company is not, outside the ordinary course of
                           business, under any liability or obligation with
                           respect to the return of inventory or products sold,
                           rented or serviced by it which are in the possession
                           of distributors, wholesalers, retailers or other
                           customers.

                                    3.11.2.5. Except as set forth in Schedule
                           3.11, the Company has not committed a past breach of
                           any of its master service contracts.

       3.12.  REGULATORY APPROVALS.

                  All material consents, approvals, authorizations and other
         requirements prescribed by any law, rule or regulation which must be
         obtained or satisfied by the Company or Sellers and which are necessary
         for the execution and delivery by Sellers of this Agreement and the
         documents to be executed and delivered by Sellers in connection
         herewith have been obtained and satisfied.

                  3.13.  COMPLIANCE WITH LAW.

                  Except as disclosed on Schedule 3.13., the Company has not,
         and its business as presently conducted does not, violate, in any
         respect any Federal, state, local or foreign laws, regulations or
         orders (including, but not limited to, any of the foregoing relating to
         employment discrimination, occupational safety, the Americans With
         Disabilities Act, environmental protection, conservation, or corrupt
         practices), the enforcement of which

                                     EX-106
<PAGE>

         would have a Material Adverse Effect, and the Company has not received
         any notice of any such violation. Sellers have obtained all permits,
         approvals, and consents of all governmental bodies or agencies
         necessary or appropriate so that consummation of the transactions
         contemplated by this Agreement will be in compliance with applicable
         laws.

       3.14.  INDEBTEDNESS FROM EMPLOYEES.

                  Except as set forth in Schedule 3.14. no employee of the
         Company are indebted to the Company, except for advances made to any
         employees in the ordinary course of business to meet reimbursable
         business expenses anticipated to be incurred by such employee.

       3.15.  ACCOUNTS RECEIVABLE.

                  Except as set forth in Schedule 3.15. or unless the customer
         files or is forced into bankruptcy, the accounts, accounts receivable,
         notes and notes receivable of the Company existing on September 30,
         1999 arose out of the sales of inventory or services in the ordinary
         course of business and are collectible in full, net of the reserve set
         forth in the Company's June 30, 1999 Financial Statement included in
         Schedule 3.5.1., which reserves are reasonable and were calculated
         consistent with past practices. Further, as set forth in Schedule
         3.15., a reserve has been established in the amount of $45,117.00 for
         certain accounts. In the event the Company and/or Buyer collects any
         payments attributable to said reserve, all such payments shall be
         promptly paid to Sellers.

       3.16.  INSURANCE.

                  Schedule 3.16. sets forth a true and correct list of all
         insurance policies either maintained by the Company or maintained by
         any other person which relate to the Company in any manner whatsoever
         at the date hereof. There are no outstanding requirements or
         recommendations by any insurance company that issued any such policy or
         by any Board of Fire Underwriters or other similar body exercising
         similar functions or by any governmental authority exercising similar
         functions which requires or recommends any changes in the conduct of
         the business of, or any repairs or other work to be done on or with
         respect to any of the properties or assets of, the Company. The Company
         has not received any notice or other communication from any such
         insurance company within the three (3) years preceding the date hereof
         canceling or materially amending or materially increasing the annual or
         other premiums payable under any of said insurance policies, and no
         such cancellation, amendment or increase of premiums is threatened.
         Further, the Company has an "occurrence" product liability insurance
         policy.

       3.17.  POWERS OF ATTORNEY AND SURETYSHIPS.

                  The Company has no general or special powers of attorney
         outstanding (whether as grantor or grantee thereof) and has no
         obligation or liability (whether actual, accrued, accruing, contingent
         or otherwise) as guarantor, surety, co-signer, endorser, co-maker,
         indemnitor or otherwise in respect of the obligation of any person,
         corporation, partnership, joint venture, association, organization or
         other entity, except as endorser or maker of checks or letters of
         credit, respectively, endorsed or made in the ordinary course of
         business.

                                     EX-107
<PAGE>

       3.18.  NO UNDISCLOSED LIABILITIES.

                  Except as and to the extent specifically reflected or reserved
         against in the Company's June 30, 1999 Financial Statement or otherwise
         disclosed herein, the Company has no liabilities or obligations of any
         nature, whether absolute, accrued, contingent or otherwise, and whether
         due or to become due (including, without limitation, any liability for
         taxes and interest, penalties and other charges payable with respect to
         any such liability or obligation) in accordance with GAAP which in the
         aggregate would constitute a Material Adverse Effect.

       3.19.  ENVIRONMENTAL MATTERS.

                  Except as disclosed on Schedule 3.19., as of the date hereof,
         (a) the Company has generated, utilized, stored, delivered for
         disposal, disposed of, treated, transported, and otherwise managed all
         materials, substances, and wastes, whether toxic, hazardous or
         otherwise, in compliance with all laws, rules, regulations, ordinances,
         and guidelines, except to the extent any such failure would not have a
         Material Adverse Effect; (b) the real or immovable property owned,
         leased, or operated by either (i) Sellers relating to the Company, or
         (ii) the Company is not listed on the National Priorities List,
         CERCLIS, RCRIS, or any comparable state listing which identifies sites
         for removal, remedial, clean-up or investigatory actions; (c) no
         amounts, which require remediation or reporting under applicable law,
         of asbestos, PCB's, ureaformaldehyde, hazardous and solid wastes,
         hazardous or toxic substances, petroleum products, pollutants or
         contaminates, and no above or underground storage tanks, have become
         located on the real or immovable property owned, leased, or currently
         operated by the Company, except to the extent the existence or
         remediation of such substances would not result in a Material Adverse
         Effect; and (d) the real or immovable property owned, leased, or
         operated by the Company has not been contaminated, tainted or polluted
         in any manner whatsoever (including, without limitation, any
         contamination of or injury or damage to soils, groundwater waters,
         biota, and wildlife located on, in, under or originating from such
         premises) with pollutants, contaminants or other substances or
         materials so as to give rise to a removal, remediation, clean-up, or
         investigatory obligation or action, and Sellers do not now have
         knowledge of any removal, remediation, investigatory or clean-up
         obligation or action which the Company has with respect thereto under
         any law, rule, regulation, guideline, ordinance, whether domestic or
         foreign, Federal, state, or local, or the common law, except to the
         extent any failure to comply with any such obligation would not result
         in a Material Adverse Effect. Notwithstanding anything in this
         Agreement to the contrary, Sellers do not warrant the environmental
         condition of the immovable property to be sold to the Company as set
         forth in Section 5.4. below, and assume no liability for environmental
         indemnification other than for the failure to disclose an environmental
         violation of which they have actual knowledge.

       3.20.  CONFLICT OF INTEREST.

                  Except as disclosed in Schedule 3.20., no officer, director or
         shareholders of the Company or any affiliate of any such person now has
         or within the last three (3) years had, either directly or indirectly:

                                     EX-108
<PAGE>

                  3.20.1.

                           any equity or debt interest in any corporation,
                  partnership, joint venture, association, organization or other
                  person or entity which furnishes or sells or during such
                  period furnished or sold services or products to the Company,
                  or purchases or during such period purchased from the Company
                  any goods or services, or otherwise does or during such period
                  did business with the Company; or

                  3.20.2.

                           a beneficial interest in any contract, commitment or
                  agreement, formal or informal, to which the Company is or was
                  a party or under which it was obligated or bound or to which
                  its properties may be or may have been subject, other than
                  stock options and other contracts, commitments or agreements
                  between the Company and such persons in their capacities as
                  employees, officers or directors of the Company; or

                  3.20.3.

                           loaned money to or borrowed money from the Company.

       3.21.  TAXES.

                  3.21.1.

                           For purposes of this Agreement: (i) the term "Taxes"
                  means (A) all Federal, state, local, foreign and other net
                  income, gross income, gross receipts, sales, use, ad valorem,
                  value added, intangible, unitary, capital gain, transfer,
                  franchise, profits, license, lease, service, service use,
                  withholding, backup withholding, payroll, employment,
                  estimated, excise, severance, stamp, occupation, premium,
                  property, prohibited transactions, windfall or excess profits,
                  customs, duties or other taxes, fees, assessments or charges
                  of any kind whatsoever, together with any interest and any
                  penalties, additions to tax or additional amounts with respect
                  thereto, (B) any liability for payment of amounts described in
                  clause (A) whether as a result of transferee liability, of
                  being a member of an affiliated, consolidated, combined,
                  unitary or other similar group for any period, or otherwise
                  through operation of law and (C) any liability for the payment
                  of amounts described in clauses (A) or (B) as a result of any
                  tax sharing, tax indemnity or tax allocation agreement or any
                  other express or implied agreement to indemnify any other
                  Person; and the term "Tax" means any one of the foregoing
                  Taxes; and (ii) the term "Returns" means all returns,
                  declarations, reports, statements and other documents required
                  to be filed in respect of Taxes; and the term "Return" means
                  any one of the foregoing Returns.

                  3.21.2.

                           Schedule 3.21.2. sets forth: (i) the taxable years of
                  the Company and Tax Affiliates (as defined in Section 3.21.3.)
                  as to which the respective statutes of limitations on the
                  assessment of United States Federal income and any applicable
                  state, local or foreign income or franchise Taxes have not
                  expired, and (ii) with respect to such taxable years sets
                  forth those years for which examinations by the IRS or the
                  state, local or foreign taxing authority have been completed,
                  those

                                     EX-109
<PAGE>

                  years for which examinations by such agencies are presently
                  being conducted, those years for which notice of pending or
                  threatened examination or adjustment has been received, those
                  years for which examinations by such agencies have not been
                  initiated, and those years for which required Returns for such
                  Taxes have not yet been filed. Except to the extent indicated
                  in Schedule 3.21.2., all deficiencies asserted or assessments
                  made as a result of any examinations by the IRS or state,
                  local or foreign Tax authority have been fully paid, or are
                  fully reflected as a liability in the Company's June 30, 1999
                  Financial Statement, or are fully described in Schedule
                  3.21.2., are being contested in good faith and an adequate
                  reserve therefor has been established and is fully reflected
                  in the Company's June 30, 1999 Financial Statement to the
                  extent required by GAAP. In addition to the foregoing, the
                  Sellers specifically state and Buyer acknowledges that the
                  Company's Return for fiscal years 1992, 1993 and 1994 Taxes
                  has been audited by the IRS, and that such audit concluded in
                  a written settlement agreement between the IRS and the
                  Company, a true and correct copy of which has been provided to
                  the Buyer and is attached to Schedule 3.21.2. Except as
                  described in Schedule 3.21.2., there are no Returns that are
                  presently under examination with respect to Taxes, there are
                  no proposed (whether oral or written) or final adjustments,
                  assessments or deficiencies with respect to Taxes currently
                  pending, and there are no outstanding notices of proposed or
                  actual audit, examination or investigation with respect to
                  Taxes.

                  3.21.3.

                           Sellers represent and warrant to Buyer that, except
                  as described in Schedule 3.21.3.:

                  3.21.3.1.

                                    the Company, and every other person for
                           whose Taxes the Company is or could be held liable
                           (whether by reason of being a member of a
                           consolidated, combined, unitary, or other similar
                           group for Tax purposes, by reason of being a
                           successor, by agreement or otherwise (for the taxable
                           period(s) or portions thereof with respect to which
                           the Company is or could be held for such other
                           Person's Taxes) (all such persons collectively
                           referred to herein as "Tax Affiliates"), have filed
                           on a timely basis all Returns required to have been
                           filed by it and have paid on a timely basis all Taxes
                           shown thereon as due. All such Returns are true,
                           complete and correct in all material respects. The
                           provisions for Taxes in the Company's June 30, 1999
                           Financial Statement sets forth the maximum liability
                           of the Company and Tax Affiliates for Taxes as of the
                           date thereof. No liability for Taxes has been
                           incurred by the Company or any Tax Affiliate since
                           June 30, 1999 other than in the ordinary course of
                           their business. No director, officer or employee of
                           the Company or any Tax Affiliate having
                           responsibility for Tax matters is in discussions with
                           Tax authorities or has reason to believe that any Tax
                           authority has valid grounds to claim or assess any
                           additional Tax with respect to the Company or any Tax
                           Affiliate in excess of the amounts shown on the
                           Company's June 30, 1999 Financial Statement for the
                           period ending on such date;

                                     EX-110
<PAGE>

                           3.21.3.2.

                                    With respect to all amounts in respect of
                           Taxes imposed upon the Company or Tax Affiliates, or
                           for which the Company is or could be liable, whether
                           to taxing authorities (as, for example, under law) or
                           to other persons or entities (as, for example, under
                           tax allocation agreements), and with respect to all
                           taxable periods or portions of periods ending on or
                           before the Closing, all applicable Tax laws and
                           agreements have been fully complied with in all
                           material respects, and all such amounts required to
                           be paid by such date by the Company and Tax
                           Affiliates to Tax authorities or others have been
                           paid or accrued;

                           3.21.3.3.

                                    none of the Returns required to be filed by
                           the Company or any Tax Affiliate contains, or were
                           required to contain (in order to avoid the imposition
                           of a penalty), a disclosure statement under Section
                           6662 (or any predecessor provision) of the Code, or
                           any similar provision of state, local or foreign law;

                           3.21.3.4.

                                    all amounts that were required to be
                           collected or withheld by the Company or any Tax
                           Affiliate have been duly collected or withheld in all
                           material respects, and all such amounts that were
                           required to be remitted to any Tax authority have
                           been duly remitted in all material respects;

                           3.21.3.5.

                                    the Company and Tax Affiliates have not
                           requested an extension of time to file any Return not
                           yet filed, and have not granted any waiver of any
                           statute of limitations with respect to, or any
                           extension of a period for the assessment of, any Tax.
                           No power of attorney granted by the Company or any
                           Tax Affiliate with respect to Taxes is in force;

                           3.21.3.6.

                                    Sellers, the Company and Tax Affiliates have
                           not taken any action not in accordance with past
                           practice that would have the effect of deferring any
                           material Tax liability of the Company or any Tax
                           Affiliate from any taxable period or portion thereof
                           ending on or before or including the Closing to any
                           subsequent taxable period;

                           3.21.3.7.

                                    Schedule 3.21.3.7. sets forth all Tax
                           Affiliates during all periods with respect to which
                           the applicable statue of limitations on the
                           assessment of Taxes remains open;

                           3.21.3.8.

                                    there are no actual or deemed elections
                           under Section 338 of the Code, protective carryover
                           basis elections, offset prohibition elections or
                           similar elections applicable to the Company or any
                           Tax Affiliate excluding

                                     EX-111
<PAGE>

                           any such elections as may be made by Buyer in
                           connection with the transactions contemplated by this
                           Agreement;

                           3.21.3.9.

                                    except as disclosed on Schedule 3.21.3.9.
                           pertaining to 263A, neither the Company nor any Tax
                           Affiliate is required to include in income any
                           adjustment pursuant to Sections 481 or 263A of the
                           Code (or similar provisions of other law or
                           regulations) by reason of a change in accounting
                           method or otherwise, following the Closing, and
                           Sellers have no knowledge that the IRS (or other Tax
                           authority) has proposed, or is considering, any such
                           change in accounting method or other adjustment;

                           3.21.3.10.

                                    there are no liens for Taxes (other than for
                           current Taxes not yet due and payable) upon the
                           assets of the Company;

                           3.21.3.11.

                                    the Company is not party to any agreement,
                           contract, arrangement or plan that has resulted or
                           would result, separately or in the aggregate, in the
                           payment of any "excess parachute payments" within the
                           meaning of Section 280G of the Code, whether by
                           reason of the Closing or otherwise;

                           3.21.3.12.

                                    the Company is not, and has not been, a
                           United States real property holding corporation (as
                           defined in Section 897(c)(2) of the Code) during the
                           applicable period specified in Section
                           897(c)(1)(A)(ii) of the Code (or any corresponding
                           provision of state, local or foreign Tax law);

                           3.21.3.13.

                                    neither the Company nor any Tax Affiliate
                           has or has had a permanent establishment in any
                           foreign country, as defined in any applicable Tax
                           treaty or convention between the United States of
                           America and such foreign country and the Company has
                           not engaged in a trade or business within any foreign
                           country;

                           3.21.3.14.

                                    neither the Company nor any Tax Affiliate is
                           a party to any joint venture, partnership, or other
                           arrangement or contract which could be treated as a
                           partnership for Federal income tax purposes;

                           3.21.3.15.

                                    neither the Company nor any Tax Affiliate is
                           or has been a member of an "affiliated group" as such
                           term is defined in Section 1504 of the Code (and any
                           predecessor provision) of the Code, or any similar
                           group for state, local or foreign Tax purposes;

                           3.21.3.16.

                                    neither the Company nor any Tax Affiliate
                           has filed a consent pursuant to the collapsible
                           corporation provisions of Section 341(f) of the

                                     EX-112
<PAGE>

                           Code (or any corresponding provision of state, local
                           or foreign income Tax law) or agreed to have Section
                           341(f)(2) of the Code (or any corresponding provision
                           of state, local or foreign income Tax law) apply to
                           any disposition of any asset owned by any of them;

                           3.21.3.17.

                                    neither the Company nor any Tax Affiliate
                           has participated in an international boycott within
                           the meaning of Section 999 of the Code;

                           3.21.3.18.

                                    the Company is not a party to or bound by
                           any Tax sharing agreement, and has no current or
                           contingent contractual obligation to indemnify any
                           other person with respect to Taxes, other than
                           obligations to indemnify a lessor for property Taxes,
                           sales/use Taxes or gross receipts Taxes (but not
                           income or franchise Taxes) imposed on lease payments
                           arising from terms that are customary for leases of
                           similar property;

                           3.21.3.19.

                                    the Company is not a party to or bound by
                           any closing agreement or offer in compromise with any
                           Tax authority;

                           3.21.3.20.

                                    none of the assets of the Company is
                           property that the Company is required to treat as
                           being owned by any other person pursuant to the
                           so-called "safe harbor lease" provisions of former
                           Section 168(f)(8) of the Internal Revenue Code of
                           1954, as amended; none of the assets of the Company
                           directly or indirectly secures any debt the interest
                           on which is tax exempt under Section 103(a) of the
                           Code; none of the assets of the Company is
                           "tax-exempt use property" within the meaning of
                           Section 168(h) of the Code;

                           3.21.3.21.

                                    Schedule 3.21.3.21. sets forth all material
                           elections with respect to Taxes of the Company and
                           Tax Affiliates made since January 1, 1997;

                           3.21.3.22.

                                    Schedule 3.21.3.22. sets forth all Returns
                           with respect to the Company and Tax Affiliates the
                           due dates for which (including any valid extensions
                           thereof) are sixty or fewer days following the
                           Closing, and the Taxes for which estimated or final
                           payments may, based on the current operations of the
                           Company and Tax Affiliates, become due in sixty or
                           fewer days following the Closing;

                           3.21.3.23.

                                    Schedule 3.21.3.23. sets forth all state,
                           local or foreign jurisdictions in which the Company
                           is or at any time during the past five years has been
                           subject to Tax;

                                     EX-113
<PAGE>

                           3.21.3.24.

                                    the Company has made a valid Qualified
                           Subchapter S Subsidiary election for Cor-Val
                           Services, Inc., and the Company has had in effect at
                           all times since April 1, 1999 through the date
                           immediately preceding the date of the Closing a valid
                           election under Section 1361 of the Code (and any
                           predecessor provision and any similar provision of
                           applicable state, local or other Tax law). The
                           Company has not incurred any liability for Taxes
                           pursuant to Section 1374 or 1375 of the Code (and any
                           predecessor provision and any similar provision
                           applicable state, local or other Tax law); and

                           3.21.3.25.

                                    all outstanding options to acquire equity of
                           the Company that purport to or were otherwise
                           intended (when issued) to be treated as "incentive
                           stock options" ("ISOs") within the meaning of Section
                           422 of the Code (and any predecessor provision and
                           any similar provision applicable state, local or
                           other Tax law) were issued in compliance with such
                           section. All such outstanding options currently
                           qualify for treatment as ISOs, and are held by
                           persons who are employees of the Company.

       3.22.  LIENS.

                  Except as disclosed on Schedule 3.22., none of the properties
         and assets owned, leased, and/or used by the Company or its
         Subsidiaries is subject to any lien, charge, mortgage, pledge, security
         interest, or other encumbrance of any kind. Schedule 3.22 also sets
         forth a description of any indebtedness owed by the Company which is
         guaranteed in writing by any of the Sellers and/or secured by
         collateral granted by any of the Sellers.

       3.23.  OTHER INFORMATION.

                  The information provided by Sellers to Buyer in this Agreement
         or in the Schedules does not contain any untrue statement of a material
         fact or omit to state a material fact required to be stated herein or
         therein or necessary to make the statements and facts contained herein
         or therein, in light of the circumstances in which they are made, not
         false or misleading. Copies of all documents heretofore delivered or
         made available to Buyer were complete and accurate records of such
         documents in all respects.

       3.24.  NO OTHER REPRESENTATIONS.

                  Sellers are not making any representation or warranty, express
         or implied, of any nature whatsoever, except as specifically set forth
         in this Agreement and the other documents executed in connection
         herewith.

       3.25.  NO KNOWN BREACHES.

                  Sellers have no actual knowledge that Buyer's representations
         and warranties in this Agreement are untrue and Sellers shall not be
         entitled to make any indemnity claims pursuant to Section 6. hereof
         with respect to any matters constituting a breach of this Section 3.25.

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4.  REPRESENTATIONS AND WARRANTIES OF BUYER.

         Buyer represents and warrants to Sellers that:

       4.1.  ORGANIZATION.

                  Buyer is duly organized, validly existing and in good standing
         under the laws of the State of Delaware and has all requisite corporate
         power and authority to enter into this Agreement and to consummate the
         transactions contemplated hereby.

       4.2.  CORPORATE AUTHORITY.

                  This Agreement and all other agreements herein contemplated to
         be executed in connection herewith have been duly executed and
         delivered by Buyer, have been effectively authorized by all necessary
         action, corporate or otherwise, and constitute legal, valid and binding
         obligations of Buyer.

       4.3.  AGREEMENT NOT IN BREACH OF OTHER INSTRUMENTS.

                  The execution and delivery of this Agreement, the consummation
         of the transactions contemplated hereby and the fulfillment of the
         terms hereof will not result in a breach of any of the terms or
         provisions of, or constitute a default under, or conflict with, any
         material agreement, indenture or other instrument to which Buyer is a
         party or by which it is bound, Buyer's Certificate of Incorporation or
         Bylaws, any judgment, decree, order or award of any court, governmental
         body or arbitrator, or any law, rule or regulation applicable to Buyer.

       4.4.  INVESTMENT INTENT.

                  Buyer is acquiring the Shares with the intention as of the
         date hereof of holding the Shares for purposes of investment, and Buyer
         has no intention as of the date hereof of selling the Shares in a
         public distribution in violation of Federal securities laws or any
         applicable state securities laws.

       4.5.  REGULATORY AND OTHER APPROVALS.

                  All consents, approvals, authorizations and other requirements
         prescribed by any law, rule or regulation, including any third party
         consents, which must be obtained or satisfied by Buyer and which are
         necessary for the execution and delivery of this Agreement and the
         consummation of the transactions contemplated by this Agreement have
         been obtained and satisfied.

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                  4.6.  NO KNOWN BREACHES.

                  Buyer has no actual knowledge that Sellers' representations
         and warranties in this Agreement are untrue, and Buyer shall not be
         able to make any indemnity claims pursuant to Section 6. hereof with
         respect to any matters constituting a breach of this Section 4.6.

                  4.7.  OTHER INFORMATION.

                  The information provided by Buyer to Sellers in this Agreement
         or in the Schedules does not contain any untrue statement of a material
         fact or omit to state a material fact required to be stated herein or
         therein or necessary to make the statements and facts contained herein
         or therein, in light of the circumstances in which they are made, not
         false or misleading.

                  4.8.  GUARANTEES BY SELLERS OF COMPANY DEBT.

                  Buyer agrees to pay at Closing that portion of the
         indebtedness of the Company which is guaranteed in writing by any of
         the Sellers and/or secured by collateral granted by any of the Sellers,
         which indebtedness is described in Schedule 3.22. To the extent
         necessary, the Buyer will also request full releases of any such
         guarantees.

                  4.9.  NO OTHER REPRESENTATIONS.

                  Buyer is not making any representation or warranty, express or
         implied, of any nature whatsoever, except as specifically set forth in
         this Agreement and the other documents executed in connection herewith.

5.  CERTAIN UNDERSTANDINGS AND AGREEMENTS OF THE PARTIES.

       5.1.  COOPERATION IN LITIGATION.

       Each party will fully cooperate with the other in the defense or
       prosecution of any litigation or proceeding already instituted or which
       may be instituted hereafter against or by such party relating to or
       arising out of the conduct of the Company prior to or after the Closing
       Date (other than litigation arising out of the transactions contemplated
       by this Agreement). The party requesting such cooperation shall pay
       reasonable the out-of-pocket expenses (including reasonable legal fees
       and disbursements) of the party providing such cooperation and of its
       officers, directors, employees and agents reasonably incurred in
       connection with providing such cooperation, but shall not be responsible
       to reimburse the party providing such cooperation for such party's time
       spent in such cooperation or the salaries or costs of fringe benefits or
       other similar expenses paid by the party providing such cooperation to
       its officers, directors, employees and agents while assisting in the
       defense or prosecution of any such litigation or proceeding.

       5.2.  TAX MATTERS.

                  5.2.1. PRE-CLOSING RETURNS.

                           Sellers will be responsible for and will cause to be
                  prepared and duly filed all Returns in which the Company is
                  includable for all taxable periods ending on or before the
                  Closing. All such Returns shall be prepared in a manner
                  consistent with prior periods. All such Returns filed after
                  the Closing shall be submitted to Buyer no later than thirty
                  days prior to the due date and filing thereof, and Buyer shall
                  have the right to review and comment thereon (without
                  reduction of Sellers' obligations to indemnify under this
                  Agreement). Sellers will pay or cause to be

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                  paid, and shall indemnify and hold Buyer and the Company
                  harmless against, all Taxes to which such Returns relate;
                  provided, however, that to the extent such Taxes are included
                  in and specifically identified on the Audited Closing Balance
                  Sheet (as finally determined) or an attachment or schedule
                  thereto, Buyer shall reimburse Sellers for such Taxes within
                  ten business days following the later of: (i) the receipt by
                  Buyer of written evidence of actual payment of such Taxes by
                  Sellers or (ii) the date the Audited Closing Balance Sheet
                  becomes final and binding.

                  5.2.2. OVERLAP PERIOD RETURNS

                           Other than Returns to be prepared by Sellers pursuant
                  to Section 5.2.1., Buyer will prepare or cause to be prepared
                  all Returns of the Company for any and all taxable periods
                  which include and end after the Closing (the "Overlap
                  Period"), and any taxable period beginning after the Closing.
                  Sellers will be responsible for and will indemnify and hold
                  harmless Buyer, and the Company with respect to all Taxes for
                  the Overlap Period in an amount equal to the liability for
                  Taxes that would have resulted had the Overlap Period ended at
                  the Closing (utilizing, if applicable, the actual tax rate
                  imposed on a particular category of income by the applicable
                  taxing jurisdiction), except to the extent such Taxes are
                  included in and specifically identified on the Audited Closing
                  Balance Sheet (as finally determined) or an attachment or
                  schedule thereto. Any amount so payable by Sellers will be
                  remitted to Buyer at least ten business days prior to the due
                  date of the respective Returns pursuant to written notice by
                  the Buyer of such due date; provided that Sellers approve of
                  the amount (such approval not to be unreasonably withheld).

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                  5.2.3. AMENDED RETURNS.

                           From and after the date hereof, Sellers and their
                  affiliates shall not file or cause to be filed any amended
                  Return with respect to the Company, and Sellers and their
                  affiliates shall not file a claim for refund of Taxes paid by
                  or on behalf of the Company.

                  5.2.4. MATERIAL ELECTIONS.

                           Neither Sellers nor the Company shall make any
                  material election with respect to Taxes of the Company or any
                  Tax Affiliate following the date hereof without the prior
                  written approval of Buyer (such approval not to be
                  unreasonably withheld).

                  5.2.5. TAX INFORMATION.

                           After the Closing, Sellers, on the one hand, and
                  Buyer and the Company, on the other hand, will make available
                  to the other, as reasonably requested, all information,
                  records or documents relating to liabilities for Taxes for all
                  periods prior to or including the Closing and will preserve
                  such information, records or documents until the expiration of
                  any applicable statute of limitations or extensions thereof.

                  5.2.6. TAX SHARING AGREEMENTS.

                           Any and all tax sharing, tax indemnity, or tax
                  allocation agreements with respect to which the Company was a
                  party at any time prior to the Closing shall terminate upon
                  the Closing. No further amounts shall be payable by the
                  Company under such agreements following the Closing.

                  5.2.7. CERTAIN TAXES.

                           All sales, value added, use, transfer, registration,
                  stamp and similar Taxes imposed in connection with the sale of
                  the Purchased Shares shall be borne by the party upon which it
                  is imposed.

         5.3. EMPLOYMENT, CONFIDENTIALITY, AND NON-COMPETE AGREEMENTS.

                  At the Closing, Buyer shall enter into separately negotiated
         employment agreements with Bobby J. Corte, Jr., Kane J. Corte, and
         Dennis Sanvi in substantially the form attached hereto as Exhibit
         5.2.6.1.(1), which employment agreements shall contain confidentiality
         provisions and two-year non-compete provisions commencing upon
         termination of employment. In addition, at the Closing Bobby J. Corte,
         Sr. and Chris Corte shall enter into a two-year non-compete agreement
         with the Company, which agreements will be in substantially the form
         attached hereto as Exhibit 5.3(2).

         5.4. SALE OF PROPERTY TO THE COMPANY.

                  At the Closing, Corte Enterprises, L.L.C., as seller, and the
         Buyer (or the Company as Buyer's designee), as buyer, shall execute an
         act of cash sale

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         affecting the immovable property located at 106 Venture Boulevard in
         Houma, Louisiana and certain movable property. Also at the Closing,
         Barbara Byrd Corte and Bobby J. Corte, Sr., as seller, and the Buyer
         (or the Company as Buyer's designee), shall execute an act of cash sale
         affecting the immovable property located at 103 Venture Boulevard in
         Houma, Louisiana and certain movable property. The terms and conditions
         of the said sales and the forms of the acts of cash sale are set forth
         in the Purchase Agreement by and between Corte Enterprises, L.L.C.
         Barbara Byrd Corte, Bobby J. Corte, Sr., and Buyer, a copy of which is
         attached to this Agreement as Exhibit 5.4.

         5.5. MERGER.

                  Immediately after the Closing, the Sellers (except Bobby J.
         Corte, Sr. and Chris Corte) and Buyer agree to merge Cor-Val
         Acquisition Corp. into the Company. Further, the Sellers (except Bobby
         J. Corte, Sr. and Chris Corte) agree to transfer the Non-Purchased
         Shares to Buyer and Buyer agrees to issue and transfer stock to Sellers
         (except Bobby J. Corte, Sr. and Chris Corte.), as set forth in Section
         1.3. above.

         5.6. PHASE I AND PHASE II ENVIRONMENTAL ASSESSMENT.

                  Prior to Closing, a Phase I and Phase II environmental
         assessment was performed by Buyer, at Buyer's expense. The parties
         agree and understand that upon execution of this Agreement and the
         transactions contemplated hereby, that Sellers' indemnity liability for
         environmental matters shall not apply to any environmental matter
         disclosed in the Phase I and Phase II environmental assessment. The
         Sellers do hereby unconditionally waive any right of action or claim
         that any of them may have against the Company with respect to
         environmental matters except for those set forth in the Phase I and
         Phase II environmental assessment.

6.  INDEMNIFICATION.

         6.1.  INDEMNIFICATION BY SELLERS.

                  Subject to the limitations set forth in the opening paragraph
         of Section 3., Sellers shall indemnify and hold harmless Buyer and the
         Company (collectively, the "Buyer Group") in respect of any and all
         claims, losses, damages, liabilities and expenses (including, without
         limitation, settlement costs and any reasonable legal, accounting and
         other expenses for defending any actions) incurred (collectively,
         "Losses") by the Buyer Group, together with interest on cash
         disbursements in connection therewith at the base rate for prime
         commercial lenders of Buyer's primary bank as announced from time to
         time, plus 1 percent per annum (the "Reference Rate"), from the date of
         final judgment or date of settlement for Losses payable by the Buyer
         Group to third parties or from the date of the Buyer Group's notice of
         a claim to Sellers for all other Losses, until paid by Sellers, in
         connection with each and all of the following:

                  6.1.1.

                           any material breach of any representation or warranty
                  made by Sellers in this Agreement;

                  6.1.2.

                           the breach of any covenant, agreement or obligation
                  of Sellers contained in this Agreement or any other instrument
                  delivered at the Closing;

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<PAGE>

                  6.1.3.

                           any misrepresentation contained in any Schedule,
                  certificate or other documents furnished by Sellers pursuant
                  to Section 7.1. of this Agreement, or in the due diligence
                  materials furnished by Sellers to Buyer, a copy of which are
                  contaned in Schedule 6.1.3.; or

                  6.1.4.

                           the failure to pay when due any and all liabilities
                  for Taxes (as defined in Section 3.21.1.) that (i) accrued
                  with respect to any taxable periods of the Company ending on
                  or before the Closing Date, or (ii) accrued with respect to
                  the assets, operations or business of the Company during all
                  periods up to and including the Closing whether or not such
                  periods are taxable periods.

         6.2.  INDEMNIFICATION BY BUYER.

                  Buyer shall indemnify and hold harmless Sellers (collectively,
         the "Seller Group"), in respect of any and all Losses (as defined
         above) reasonably incurred by Sellers, together with interest on cash
         disbursements in connection therewith at the Reference Rate from the
         date of final judgment or date of settlement for Losses payable by the
         Seller Group to third parties or from the date of the Seller Group's
         notice of a claim to Buyer for all other Losses, until paid by Buyer,
         in connection with each and all of the following:

                  6.2.1.

                           any material breach of any representation or warranty
                  made by Buyer in this Agreement.

                  6.2.2.

                           the breach of any covenant, agreement or obligation
                  of Buyer contained in this Agreement or any other instrument
                  delivered at the Closing;

                  6.2.3.

                           any misrepresentation contained in any Schedule,
                  certificate or any other document furnished by Buyer pursuant
                  to this Agreement;

                  6.2.4.

                           the operation of the Company after the Closing Date;

                  6.2.5.

                           any claim, demand or cause of action (including
                  warranty claims and claims relating to physical injury, death
                  or property damage) relating to or approximately caused by
                  either (i) products manufactured by the Company after the
                  Closing Date or (ii) any products sold or leased by the
                  Company after the Closing Date;

                  6.2.6.

                           the violation of any Federal, state, local or foreign
                  laws, regulations, orders, requirements or ordinances,
                  including those dealing with environmental

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<PAGE>

                  matters, on or after the Closing Date by Buyer and its
                  affiliates, agents or assigns in relation to the Company; an

                  6.2.7.

                           any Environmental Condition relating to the Company
                  which result from the operations of the Company on or after
                  the Closing Date or which came into existence on or after the
                  Closing Date (including, but not limited to, Environmental
                  Costs to the extent they directly arise from such violations),
                  plus any items contained in environmental assessments
                  performed prior to the Closing which were not remediated by
                  Sellers.

         6.3.  CLAIMS FOR INDEMNIFICATION.

                  Whenever any claim shall arise for indemnification hereunder,
         the party entitled to indemnification (the "indemnified party") shall
         promptly notify the other party (the "indemnifying party") of the claim
         and, when known, the facts constituting the basis for such claim. In
         the event of any claim for indemnification hereunder resulting from or
         in connection with any claim or legal proceedings by a third party, the
         notice to the indemnifying party shall specify, if known, the amount or
         an estimate of the amount of the liability potentially arising
         therefrom. The indemnified party shall not settle or compromise any
         claim by a third party for which it is entitled to indemnification
         hereunder, without the prior written consent of the indemnifying party;
         provided, however, that if such consent is not granted the amount of
         indemnity provided by the indemnifying party shall not be limited by
         Section 6.4. or 6.6. and, if Buyer is the indemnified party, at the
         election of Buyer, only the portion of any loss equal to the refused
         settlement shall be deducted or payable from the Escrow Account, all
         other amounts shall be paid directly to Buyer by wire transfer by
         Sellers or the distributees of the assets of the Sellers.

         6.4.  DEFENSE BY INDEMNIFYING PARTY.

                  In connection with any claim giving rise to indemnity
         hereunder resulting from or arising out of any claim or legal
         proceeding by a person who is not a party to this Agreement, the
         indemnifying party at its sole cost and expense may, upon written
         notice to the indemnified party given within 30 days after delivery of
         the written notice referred to in Section 6.3. hereof, assume the
         defense of any such claim or legal proceeding if it acknowledges to the
         indemnified party in writing its obligations to indemnify the
         indemnified party with respect to all elements of such claim. The
         Indemnifying Party, however, shall not settle any such claim or legal
         proceeding in a manner that imposes obligations or duties on the
         indemnified party without the prior written consent of the indemnified
         party, which consent will not be unreasonably withheld. The indemnified
         party shall be entitled to participate in (but not control) the defense
         of any such action, with its own counsel and at its own expense. If the
         indemnifying party does not assume the defense of any such claim or
         litigation resulting therefrom, (a) the indemnified party may defend
         against such claim or litigation, in such manner as it may deem
         appropriate, including, but not limited to, settling such claim or
         litigation, after giving notice of the same to the indemnifying party,
         on such terms as the indemnified party may deem appropriate, and (b)
         the indemnifying party shall be entitled to participate in (but not

                                     EX-121
<PAGE>

         control) the defense of such action, with its counsel and at its own
         expense. If the indemnifying party thereafter seeks to question the
         manner in which the indemnified party defended such third party claim
         or the amount or nature of any such settlement, the indemnifying party
         shall have the burden to prove by a preponderance of the evidence that
         the indemnified party did not defend or settle such third party claim
         in a reasonably prudent manner as a prudent businessman would if his
         own funds were subject to such suit.

         6.5.  MANNER OF INDEMNIFICATION.

                  All indemnification by either party hereunder shall be
         effected by payment of cash or delivery of a certified or official bank
         check in immediately available funds in the amount of the
         indemnification liability.

         6.6.  LIMITATIONS ON INDEMNIFICATION.

                  Subject to any limitations contained therein, all
         representations and warranties made by the parties herein or in any
         instrument or document furnished in connection herewith shall survive
         the Closing and any investigation at any time made by or on behalf of
         the parties hereto and shall expire twenty-four months after the
         Closing Date, except (i) as to any matter as to which a claim is
         submitted in writing to the indemnifying party prior to the applicable
         expiration date and identified as a claim for indemnification pursuant
         to this Agreement; (ii) as to any representation or warranty relating
         to ownership or title to the Shares or the Company's assets, including
         real or immovable property, which shall not expire; (iii) as to any
         matter which is based upon willful fraud by the indemnifying party,
         with respect to which the representations and warranties set forth in
         this Agreement shall expire only upon expiration of the applicable
         statute of limitations plus 60 days; (iv) as to any representation or
         warranty concerning tax or environmental matters, which shall expire
         only upon the expiration of the applicable statute of limitations plus
         45 days; and (v) as to any representation or warranty concerning the
         authority to execute this Agreement or any of the other documents
         contemplated hereby, which shall not expire. No claim or action for
         indemnity pursuant to Sections 6.1. or 6.2. hereof for breach of any
         representation or warranty shall be asserted or maintained by any party
         hereto after the expiration of such representation or warranty pursuant
         to the preceding sentence except for claims made in writing prior to
         such expiration and actions (whether instituted before or after such
         expiration) based on any claim made in writing prior to such
         expiration. Notwithstanding any other provisions contained in this
         Agreement, (i) neither Buyer nor Sellers shall be entitled to receive
         any amount under this Section 6. which exceeds $12,000,000.00; (ii)
         Buyer shall not be entitled to payment under this Section 6. for a
         breach of any representation or warranty by Sellers contained in this
         Agreement except for the amount by which the aggregate of all breach of
         warranty or representation claims hereunder which have not theretofore
         been reimbursed to Buyer exceeds the sum of $180,000.00, and (iii)
         Sellers shall not be entitled to payment under this Section 6. except
         for the amount by which the aggregate of all claims hereunder which
         have not theretofore been reimbursed to Sellers, exceeds $180,000.00.
         In the event the $180,000.00 threshold mentioned in clause (ii) or
         (iii) of the preceding sentence is exceeded, Buyer or Sellers, as the
         case may be, shall then have the right to seek reimbursement of said
         threshold amount from Sellers or Buyer, as the case may be, under this
         Section 6. Notwithstanding anything contained in this Section 6.6., the
         limits on

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<PAGE>

         indemnification contained in the preceding sentence shall exclude any
         obligations specifically assumed by any party in this Agreement,
         including without limitation, the obligations relating to Taxes and
         brokers as described in Sections 3.21., 5.2., and 9.5. respectively .

         6.7.  SOLE BASIS FOR RECOVERY.

                  Unless specifically provided for elsewhere in this Agreement,
         the parties intend Section 6. to be the exclusive method for
         compensating each other for, or indemnifying each other against, claims
         relating to the Company and the transactions contemplated by this
         Agreement.

         6.8.  LIABILITY OF THE SELLERS.

                  The liability of Sellers under this Section 6. shall be in
         accordance with the following percentages:

                  Bobby J. Corte, Jr.             25%

                  Kane J. Corte                   25%

                  Chris Corte                     25%

                  Kim Lee Corte Sanvi             25%

                  Buyer shall not have any obligation to marshall its claims
         hereunder to minimize the obligations of any of the Sellers.

         6.9.  RELEASE FROM LIABILITY.

                  Notwithstanding anything contained anywhere in this Agreement
         to the contrary, notwithstanding, all parties hereto specifically agree
         that subject to Bobby J. Corte, Sr.'s execution of the non-compete
         agreement discussed in Section 5.3. above, Bobby J. Corte, Sr. is and
         shall be and remain free from any liability or responsibility of any
         nature whatsoever, for any claim demand or cause of action based upon
         or related to any provision of this Agreement (including, but without
         limitation, the provisions of Section 3. and Section 6., except any
         claim, demand or cause of action based upon the provisions of Section
         3.3. hereof; and Buyer and all remaining Sellers do hereby release,
         discharge and agree to hold Bobby J. Corte, Sr. harmless from any such
         claim, demand or cause of action described herein except those based on
         the provisions of Section 3.3.

         6.10.  TAX BENEFIT.

                  If the amount with respect to which any claim is made under
         this Section 6. gives rise to a realizable Tax benefit to the
         indemnified party, the indemnity payment shall be reduced by the amount
         of the Tax benefit realizable by the party making the claim. The

                                     EX-123
<PAGE>

         amount of any claim for which indemnification is provided shall also be
         (A) increased to take account of any net tax cost incurred by the
         indemnified party arising from the receipt of indemnity payments
         hereunder (grossed up for such increase) and (B) reduced to take
         account of any net tax benefit realized by the indemnified party
         arising from the incurrence or payment of any such Loss. In computing
         the amount of any such tax cost or tax benefit, the indemnified party
         shall be deemed to recognize all other items of income, gain, loss,
         deduction or credit before recognizing any item arising from the
         receipt of any indemnity payment hereunder or the incurrence or payment
         of any indemnified Loss. Any indemnification payment hereunder shall
         initially be made without regard to this paragraph and shall be
         increased or reduced to reflect any such net tax cost (including
         gross-up) or net tax benefit only after the indemnified party has
         Actually Realized such cost or benefit. For purposes of this Agreement,
         an indemnified party shall be deemed to have "Actually Realized" a net
         tax cost or a net tax benefit to the extent that, and at such time as,
         the amount of Taxes payable by such indemnified party is increased
         above or reduced below, as the case may be, the amount of Taxes that
         such indemnified party would be required to pay but for the receipt of
         the indemnity payment or the incurrence or payment of such Loss, as the
         case may be. The amount of any increase or reduction hereunder shall be
         adjusted to reflect any final determination (which shall include the
         execution of Form 870-AD or successor form) with respect to the
         indemnified party's liability for taxes, and payments among the parties
         to reflect such adjustment shall be made if necessary. In the event
         subsequent facts result in a reduction of a tax benefit (due, for
         instance, to a carryback of losses), the amount of such tax benefit
         shall be repaid to the indemnified party by the indemnifying party. In
         the event the parties dispute the amount of any tax benefit to which a
         party claims it is entitled under this Section 6.10., such dispute
         shall not delay the payment of the underlying indemnification amount,
         and the amount of such tax benefit that did not reduce the
         indemnification payment due to a dispute shall, to the extent it is
         ultimately determined to be due, shall be paid at the time such dispute
         is resolved. Notwithstanding anything contained herein, the parties
         agree that any payments made to each other pursuant to the provisions
         of Section 6 shall be reported for Federal and State income tax
         purposes as an adjustment to the purchase price.

         6.11.  INSURANCE.

                  After the Closing, Buyer shall cause the Company to maintain
         commercially reasonable third party insurance consistent with the
         insurance maintained by the Company prior to the Closing. The amount
         any indemnifying party is or may be required to pay to any indemnified
         party pursuant to this Section 6. shall be reduced by any insurance
         proceeds or other amounts actually recovered by or on behalf of the
         indemnified party.

         6.12.  ENVIRONMENTAL MATTERS.

                  Notwithstanding any of the foregoing, for purposes of
         indemnity claims under this Section 6. which involve the breach of a
         representation or warranty with respect to environmental matters, such
         indemnified party shall not be entitled to indemnity to the

                                     EX-124
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         extent: (1) investigation, cleanup, removal, remedial, corrective or
         response acitons for soil or ground water are not reasonably necessary
         to comply with environmental laws; or (2) that is due to the
         environmental conditions caused by the operations of the Company after
         the Closing or by an subsequent owner or occupant of the property.

         6.13.  ATTORNEY'S FEES.

                  If any legal action, arbitration or other proceeding is
         brought for the enforcement of this Agreement, or because of any
         alleged dispute, breach, default or misrepresentation in connection
         with this Agreement and that party is unsuccessful or does not prevail,
         the other party shall be entitled to recover such reasonable attorneys'
         fees and other costs it incurred in that action or proceeding, in
         addition to any other relief to which it may be entitled.

7.  DOCUMENTS TO BE DELIVERED AT CLOSING.

         7.1.  CLOSING DOCUMENTS DELIVERED BY SELLERS.

                  Buyer shall have received at the Closing the following
         documents, dated as of the Closing date:

                           7.1.1. The Employment Agreements and the non-compete
                  agreements referred to in Section 5.3. above, duly executed by
                  each of the Sellers.

                           7.1.2. Stock certificates representing the Purchased
                  Shares, duly endorsed for transfer.

                           7.1.3. An opinion of counsel to Sellers in a form
                  acceptable to counsel to Buyer regarding the ownership of the
                  Shares and the authority of each of the Sellers to enter into
                  this Agreement and to consummate the transactions contemplated
                  hereby.

                           7.1.4. Any other documents, certificates, or
                  instruments contemplated by this Agreement to be delivered by
                  Sellers to Buyer, including but not limited to the Consents
                  listed in Schedule 3.7.

                           7.1.5. A fully executed certification of non-foreign
                  status described in Treasury Regulation Section 1.1445-2(a)(2)
                  (and applicable provisions of state law), in form and
                  substance reasonably satisfactory to counsel to Buyer, from
                  each Seller.

                           7.1.6. Act of cash sale executed by Corte
                  Enterprises, L.L.C., as seller, and act of cash sale by
                  Barbara Byrd Corte and Bobby J. Corte, Sr., as seller, all as
                  described in Section 5.4. above.

                           7.1.7. Executed letters of resignation by each
                  officer and director of the Company.

         7.2  CLOSING DOCUMENTS DELIVERED BY BUYER.

                  Sellers shall have received at the Closing the following
         documents, dated as of the Closing date:

                           7.2.1. Any documents, certificates, or instruments
                  contemplated by this Agreement to be delivered by Buyer to
                  Sellers.

                           7.2.2. An opinion of counsel to Buyer in a form
                  acceptable to Sellers and their counsel regarding the
                  authority of the Buyer to enter into this Agreement and to
                  consummate the transactions contemplated hereby.

                           7.2.3. The following executed documents: Stockholder
                  Agreement; Stock Option Agreement; 2000 Stock Option Plan; and
                  Notice of Stock Option Grant.

8. RELEASE.

                                     EX-125
<PAGE>

         (a) As of the Closing Date and, except as may be set forth in Section
6.2. of this Agreement, each of the Sellers does hereby for himself and his
successors and assigns remise, release, acquit and forever discharge the Buyer,
the Company, and their respective affiliates, and their successors and assigns,
of and from any and all claims, demands, liabilities, responsibilities,
disputes, causes of action and obligations of every nature whatsoever,
liquidated or unliquidated, known or unknown, matured or unmatured, fixed or
contingent, that such Seller or its affiliates now has, owns or holds or has at
any time previously had, owned or held against such parties, including without
limitation all liabilities created as a result of the negligence, gross
negligence and willful acts of the Company and its employees and agents, or
under a theory of strict liability, existing as of the Closing Date or relating
to any action, omission or event occurring on or prior to the Closing Date;
provided, however, that any claims, liabilities, debts or causes of action that
may arise in connection with the failure of any of the parties hereto to perform
any of their obligations hereunder or under any other agreement relating to the
transactions contemplated hereby or from any breaches by any of them of any
representations or warranties herein or in connection with any of such other
agreements shall not be released or discharged pursuant to this Agreement.

         (b) Each of the Sellers represents and warrants that, he has not
previously assigned or transferred, or purported to assign or transfer, to any
person or entity whatsoever all or any part of the claims, demands, liabilities,
responsibilities, disputes, causes of action or obligations released herein.
Each of the Sellers covenants and agrees that such Seller will not assign or
transfer to any person or entity whatsoever all or any part of the claims,
demands, liabilities, responsibilities, disputes, causes of action or
obligations to be released herein. Each of the Sellers represents and warrants
that such Seller has read and understands all of the provisions of this Section
8. and that he has been represented by legal counsel of his own choosing in
connection with the negotiation, execution and delivery of this Agreement.

         (c) The release provided by the Sellers pursuant to this Section 8.
shall apply notwithstanding that the matter for which release is provided may
relate to the ordinary, sole or contributory negligence, gross negligence,
willful misconduct or violation of law by a released party, including the Buyer
and the Company and their respective officers, directors, employees and agents,
and for liabilities based on theories of strict liability, and shall be
applicable whether or not negligence of the released party is alleged or proven,
it being the intention of the parties to release the released party from and
against its ordinary, sole and contributory negligence and gross negligence as
well as liabilities based on the willful actions or omissions of the released
party and liabilities based on theories of strict liability.

9.  MISCELLANEOUS.

         9.1.  NOTICES.

                  All notices, requests, demands, and other communications
         hereunder shall be in writing and shall be deemed given if delivered
         personally or sent by fax during normal business hours of the
         recipient, the next business day if sent by a national overnight
         delivery service, charges prepaid, or three (3) days after mailed by
         certified or registered mail, postage prepaid, return receipt
         requested, to the parties, their successors in interest or their
         assignees at the following addresses, or at such other addresses as the
         parties may designate by written notice in the manner aforesaid:

                           If to Buyer:
                           T-3  ENERGY SERVICES, INC.
                           600 Travis, Suite 6000
                           Houston, Texas  77002
                           Attention:  Mr. Michael L. Stansberry
                           Fax No.:  1-713-224-0771

                                     EX-126
<PAGE>

                  With a copy to:

                           First Reserve Corporation
                           1801 California Street
                           Denver, Colorado  80202
                           Attention:  Thomas R. Denison, Esq.
                           Fax No.:  1-303-382-1275

                           And

                           Liskow & Lewis
                           822 Harding Street
                           Lafayette, Louisiana  70503
                           Attention:  Billy J. Domingue, Esq.
                           Fax No.:  (337)-267-2398

                           If to Sellers:

                           Bobby J. Corte, Jr.
                           105 Feldspar Drive
                           Houma, LA  70360
                           Fax No.:  (504) _________

                  With copies to:

                           Baldwin & Haspel, L.L.C.
                           1100 Poydras, Suite 2200
                           New Orleans, Louisiana  70163
                           Attention:  Jeannie M. Randazzo. Esq.
                           Fax No.:  (504) 585-7851

         9.2.  ASSIGNABILITY AND PARTIES IN INTEREST.

                  Sellers may, with the written consent of Buyer (which will not
         be unreasonably withheld if such assignee has the financial capacity to
         assume and honor the indemnity obligations hereunder), assign the
         rights and obligations under this Agreement among their affiliates or
         in connection with a sale of their business. Any such assignee must
         expressly assume all indemnity obligations hereunder. This Agreement
         shall inure to the benefit of and be binding upon Buyer and Sellers and
         their respective permitted successors and assigns.

         9.3.  GOVERNING LAW.

                  THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND
         ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF DELAWARE
         APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED ENTIRELY WITHIN THAT
         STATE; PROVIDED, HOWEVER, THAT WITH

                                     EX-127
<PAGE>

         RESPECT TO MATTERS RELATED TO THE EFFECTIVENESS OR VALIDITY OF THE SALE
         AND TRANSFER OF THE SHARES, THE SALE OF REAL OR IMMOVABLE PROPERTY, THE
         VALIDITY AND ENFORCEABILITY OF THE EMPLOYMENT AGREEMENTS AND THE
         NON-COMPETITION PROVISIONS THEREIN CONTAINED, THE LAWS OF THE STATE OF
         LOUISIANA SHALL GOVERN, EXCEPTING THOSE LAWS PROVIDING FOR PUNITIVE,
         EXEMPLARY OR MULTIPLE DAMAGES WHICH ARE HEREBY UNCONDITIONALLY WAIVED
         BY THE SELLERS AND THE BUYER.

         9.4.  COUNTERPARTS.

                  This Agreement may be executed simultaneously in one or more
         counterparts, each of which shall be deemed an original, but all of
         which shall constitute but one and the same instrument.

         9.5.  INDEMNIFICATION FOR BROKERAGE.

                  Buyer and Sellers each represent and warrant that, except as
         set forth in Schedule 9.5., no broker or finder has acted on its behalf
         in connection with this Agreement or the transactions contemplated
         hereby. In addition to the indemnification obligations contained in
         Section 6., each party hereto agrees to indemnify and hold harmless the
         others from any claim or demand for commissions or other compensation
         by any broker, finder or similar agent who is or claims to have been
         employed by or on behalf of such party.

         9.6.  PUBLICITY.

                  Sellers and Buyer agree that press releases and other
         announcements to be made by any of them with respect to the
         transactions contemplated hereby shall be subject to mutual agreement.
         Notwithstanding the foregoing, Sellers and Buyer may respond to
         inquiries relating to this Agreement and the transactions contemplated
         hereby by the press, securities analysts, employees, or customers
         without any notice or further consent of the other parties hereto.

         9.7.  COMPLETE AGREEMENT.

                  This Agreement, the Exhibits hereto, the Schedules and the
         documents delivered pursuant to this Agreement contain or will contain
         the entire agreement between the parties hereto with respect to the
         transactions contemplated herein and shall supersede all previous oral
         and written and all contemporaneous oral negotiations, commitments, and
         understandings.

         9.8.  INTERPRETATION.

                  The headings contained in this Agreement are for reference
         purposes only and shall not affect in any way the meaning or
         interpretation of this Agreement.

         9.9.  SEVERABILITY.

                  Any provision of this Agreement which is invalid, illegal, or
         unenforceable in any jurisdiction shall, as to that jurisdiction, be
         ineffective to the extent of such invalidity, illegality, or
         unenforceability, without affecting in any way the remaining provisions

                                     EX-128
<PAGE>

         hereof in such jurisdiction or rendering that or any other provision of
         this Agreement invalid, illegal, or unenforceable in any other
         jurisdiction.

         9.10.  KNOWLEDGE:  DUE DILIGENCE INVESTIGATION.

                  All representations and warranties contained herein which are
         made to the knowledge of Sellers shall mean to the actual knowledge of
         any of the Sellers. It is understood, however, that the foregoing
         reference to the actual knowledge of any of the Sellers shall include
         Bobby J. Corte, Sr.'s actual knowledge.

         9.11.  EXPENSES OF TRANSACTIONS.

                  All fees, costs and expenses incurred by Buyer or Sellers in
         connection with the transactions contemplated by this Agreement shall
         be borne by the party incurring the same.

         9.12.  LIMIT ON INTEREST.

                  Notwithstanding anything in this Agreement to the contrary,
         neither party hereto shall be obligated to pay interest at a rate
         higher than the maximum rate permitted by applicable law.

         9.13.  SUBMISSION TO JURISDICTION.

                  Each of the parties hereto irrevocably consents that any legal
         action or proceeding against it or any of its property with respect to
         this Agreement or any other agreement executed in connection herewith
         may be brought in any court in Orleans Parish, Louisiana, any Federal
         court of the United States of America located in Louisiana, and by the
         execution and delivery of this Agreement each party hereto hereby
         accepts with regard to any such action or proceeding for itself and in
         respect of its property, generally and unconditionally, the
         jurisdiction of the aforesaid courts.

         9.14.  ARBITRATION.

                  Any controversy, dispute, or claim arising out of, in
         connection with, or in relation to, the interpretation, performance or
         breach of this Agreement, including, without limitation, the validity,
         scope, and enforceability of this Section 9.14., may at the election of
         Buyer or Sellers be solely and finally settled by arbitration conducted
         in New Orleans, Louisiana. The arbitration shall be governed by the
         Louisiana Arbitration Law. The arbitration shall be conducted before a
         panel of three arbitrators who shall be selected as follows: Within ten
         days following the notice of arbitration having been given, each party
         shall select one arbitrator and shall notify the other party of the
         appointment of said arbitrator. Within ten days following the
         appointment of those two arbitrators, the two arbitrators so appointed
         shall meet and shall jointly appoint a third arbitrator who shall be
         mutually agreeable to the two of them. In the event that the first two
         arbitrators are unable to reach agreement on a third arbitrator, then
         they shall immediately so advise the parties and, upon petition of
         either party, the third arbitrator shall be appointed by the senior
         judge of the First Circuit Court of Appeals, State of Louisiana.
         Notwithstanding the foregoing, should the need arise, the parties may
         seek temporary injunctive relief from the Civil District Court for the
         Parish of Orleans, Louisiana prior to or during the pendency of any
         arbitration. Buyer and Sellers consent to jurisdiction of and venue in
         such court for such purposes. The third arbitrator shall act as
         chairman of the arbitration panel for the purposes of scheduling the
         presentation of the

                                     EX-129
<PAGE>

         dispute and the administration of the matter. The arbitrators shall
         render their award within thirty days following completion of the
         submission of the dispute and evidence by the parties. The award
         rendered by a majority of the three arbitrators shall be a final and
         binding award and judgment may be entered recognizing, confirming and
         enforcing said award in any court having jurisdiction thereof. Each
         party shall pay the fees and expenses of the arbitrator selected by
         that party. The fees and expenses of the third arbitrator shall be paid
         equally by the two parties. However, as part of the award, the
         arbitrators are authorized to reallocate the arbitrators' fees and
         costs between the parties as the arbitrators deem appropriate. The
         arbitrators shall not be allowed to award punitive, exemplary or
         multiple damages. The arbitrators may only award compensatory damages.
         The parties hereby expressly waive any right any of them may have to
         punitive, exemplary or multiple damages. The parties intend that this
         agreement to arbitrate be valid, enforceable and irrevocable.
         Notwithstanding the foregoing, this Section 9.14. shall not apply nor
         be interpreted to affect the resolution of a Dispute Notice through the
         arbitration procedures set forth in Section 2.3.4. of this Agreement.

         9.15. WAIVER OF PUNITIVE, EXEMPLARY AND MULTIPLE DAMAGES.

                  The parties hereby expressly waive any right any of them may
         have to punitive, exemplary or multiple damages.

         9.16. REVIEW OF AGREEMENT; REPRESENTATION BY COUNSEL.

                  Each of the Sellers acknowledges that he or she has read this
         Agreement, the data contained in the Schedules attached to this
         Agreement, and each of the Exhibits to this Agreement to which he or
         she is a party, and that he or she understands the terms thereof and
         the consequences arising from a breach of this Agreement or any of the
         Exhibits to this Agreement to which he or she is a party. Further, the
         Sellers and the Buyer have been represented by counsel in the
         negotiation and drafting of this Agreement and the Exhibits to this
         Agreement, and have executed and accepted the terms and provisions
         thereof after receiving advice of their counsel.

            [The remainder of this page was intentionally left blank]

                                     EX-130
<PAGE>

         IN WITNESS WHEREOF, the undersigned duly execute this Agreement as of
the date first written above.

                                       SELLERS:

                                       /s/ BOBBY J. CORTE, SR.
                                       -----------------------------------------
                                       BOBBY J. CORTE, SR.

                                       /s/ BOBBY J. CORTE, JR.
                                       -----------------------------------------
                                       BOBBY J. CORTE, JR.

                                       /s/ CHRIS CORTE
                                       -----------------------------------------
                                       CHRIS CORTE

                                       /s/ KANE J. CORTE
                                       -----------------------------------------
                                       KANE J. CORTE

                                       /s/ KIM LEE CORTE SANVI
                                       -----------------------------------------
                                       KIM LEE CORTE SANVI

                                       BUYER:

                                       T-3 ENERGY SERVICES,
                                       INC., a Delaware corporation

                                       By: /s/ MICHAEL L. STANSBERRY
                                          --------------------------------------
                                             Michael L. Stansberry
                                             Title:  President

                                     EX-131
<PAGE>

                             SPOUSAL ACKNOWLEDGMENT

         The undersigned are the spouses of the Sellers that are married. The
undersigned, except Barbara Byrd Corte, do hereby acknowledge and agree that the
Shares, as such term is defined in the foregoing Stock Purchase Agreement, are,
in fact, the separate property of their respective spouses. Barbara Byrd Corte
hereby acknowledges that the Stock owned by her spouse, Bobby J. Corte, Sr., is
community property. Barbara Bryd Corte acknowledges and consents to the terms of
the foregoing Stock Purchase Agreement, and consents to the transfer of said
Stock by her spouse as set forth therein. The undersigned understand and agree
that T-3 Energy Services, Inc. may rely on this acknowledgement. Dated and
effective as of the 29th day of February, 2000.

                                       /s/ BARBARA BYRD CORTE
                                       -----------------------------------------
                                       Barbara Byrd Corte

                                       /s/ VIRGINIA CHAUVIN CORTE
                                       -----------------------------------------
                                       Virginia Chauvin Corte

                                       /s/ ERICA GAUDET CORTE
                                       -----------------------------------------
                                       Erica Gaudet Corte

                                       /s/ RHONDA CLEMENT CORTE
                                       -----------------------------------------
                                       Rhonda Clement Corte

                                       /s/ DENNIS SANVI
                                       -----------------------------------------
                                       Dennis Sanvi

                                     EX-132

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