Document:

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                                                                   EXHIBIT 10.12

                                    AGREEMENT

This agreement is made and entered into by and between Chart Industries, Inc.,
hereinafter referred to as the "Employer", and the United Steelworkers of
America, hereinafter referred to as the "Union".

This Agreement covers those employees of the Employer as defined in Article I -
RECOGNITION of the Agreement for the purpose of wages, benefits, hours of work
and conditions of employment.

                                    PREAMBLE

The purpose of this Agreement is to set forth certain standards governing
matters of wages, hours, terms and conditions of employment; and furthermore to
promote and ensure harmonious relations between the Union, the Employer and its
employees, to provide for the operation of the plant in a manner that will
foster to the fullest extent possible the safety, welfare and health of
employees, economy of operation, quality and quantity of output, cleanliness of
the plant, protection of the property and maintain and improve the competitive
position of the Employer. It is recognized by this Agreement to be the duty of
the Employer, Union and the employees to cooperate individually and collectively
for the advancement of these objectives.

The parties recognize the attainment of these objectives is furthered by the
introduction of new equipment and product designs, new organization and
production methods, the enforcement of discipline for just cause, safety and
health measures, and the diligent efforts of all employees. The parties
recognize and agree that nothing in this Agreement shall be construed to
interfere with or prevent the accomplishment of the principles set forth above.

                                    ARTICLE I
                         Responsibilities of the Parties

1.01 Each of the parties acknowledges the rights and responsibilities of the
other party and agrees to discharge its responsibilities under this Agreement.

1.02 The Employer, Union and its Local agree not to discriminate against any
employee or applicant because of race, creed, color, sex, age, national origin,
disability, Veterans' status, union membership or activity or any other
characteristic protected under any other federal, state or local statute,
administrative regulation or ordinance.

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It is the intent of the parties that any claim of discrimination under this
article will be processed through the Grievance/Arbitration provisions of this
Agreement before any charge is filed with any governmental agency.

1.03 All provisions of this Agreement shall apply alike to male and female
employees (masculine pronouns or references in the Agreement shall be deemed to
include feminine pronouns or references).

                                   ARTICLE II
                                   Recognition

2.01 The Employer agrees to recognize the Union as the sole and exclusive
collective bargaining agent for all full-time and regular part-time production
and maintenance employees of the Employer at its New Prague and Lonsdale,
Minnesota facilities except those classified as managers, supervisors, guards,
clerical and all other employees, as defined in the National Labor Relations
Act, as amended, as per certification by the National Labor Relations Board Case
No. 18-RC-16092.

2.02 The Employer shall not enter into any agreement with any employees covered
by this Agreement, individually or collectively, which in any way conflicts with
the terms and provisions of this Agreement.

                                   ARTICLE III
                         Retention of Management Rights

3.01 Except as expressly modified or restricted by a specific provision of the
Agreement, all statutory and inherent managerial rights prerogatives and
functions are retained and vested exclusively with the Employer, including, but
not limited to, the rights in accordance with the Employer's sole and exclusive
judgment and discretion:

     1.   to reprimand, suspend, discharge, or otherwise discipline employees
          for just cause;
     2.   to determine the number of employees to be employed and the location
          of jobs;
     3.   to hire employees, determine their qualifications and assign and
          direct their work
     4.   to promote, demote for just cause, lay off, transfer or recall to work
          employees;
     5.   to maintain the efficiency of operations;
     6.   to set the standards of productivity and/or services as to quality and
          quantity to be rendered;
     7.   to determine the personnel, methods, means and facilities by which
          operations are conducted;

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     8.   to set the starting and quitting time and number of hours and shifts
          to be worked in accordance with Article XI;
     9.   to expand, reduce, alter, transfer, assign jobs, departments or
          operations in compliance with this Agreement;
     10.  to close down or relocate the Employer's operations or any part
          thereof;
     11.  to control and regulate the use of machinery, facilities, equipment,
          supplies and other property of the Employer;
     12.  to introduce new equipment or improved methods, production,
          distribution, procedures, processes and maintenance methods,
          materials, machinery and equipment;
     13.  to determine the number, location and operation of departments,
          divisions and other units of the Employer;
     14.  to require the observance of safety rules, operating procedures and
          policy;
     15.  to determine the methods of compliance with various federal and state
          regulations; and to take whatever action is either necessary or
          advisable to determine, manage and fulfill the mission of the Employer
          and to direct the Employer's employees;
     16.  upon notification to the Union to issue, amend, revise, abolish and
          enforce reasonable policies, rules, regulations and practices for the
          operation of the plant and conduct of the employees. Any differences
          of opinion over the reasonableness of such policies, rules,
          regulations or practices shall be subject to the grievance procedure
          commencing at Step 4 within seven (7) days after the Employer's
          notification.

     In exercising these rights the Employer agrees to observe the other
     provisions of the Agreement.

3.02 The Employer's or the Union's failure to exercise any right, prerogative or
function hereby reserved to it or the Employer's or Union's exercise of any such
right, prerogative or function in a particular way, shall not be considered a
waiver of the Employer's or Union's right to exercise such right, prerogative or
function or preclude it from exercising the same in some other way not in
conflict with express provisions of this Agreement.

3.03 The Employer and the Union agree the Employer shall not contract out work
or services that would affect bargaining unit employees without first, notifying
the Union of such and second, meeting with representatives of the local Union
(upon their request within ten (10) workdays of said notification) to confer and
look at possible alternatives. The Employer agrees that it will give due
consideration to the Union's suggested alternatives.

3.04 If no prior notification is given to the Union, the senior most employee(s)
in the classification who could have performed the work shall be paid the
equivalent hours worked at the employee's straight time hourly rate. The number
of senior employees paid shall be determined by the number of contract people
used to perform the work. Additionally, if contracted out work is performed on
the weekend or holiday, appropriate premium shall be paid. This provision shall
not

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apply if bargaining unit employees decline to perform the said work and/or
refuse to work with the contractor's employees.

                                   ARTICLE IV
                                Union Membership

4.01 The Employer agrees that it will not interfere with the right of its
employees to become members of the Union and will not exercise discrimination,
interference, restraint or coercion against any employee because of membership
or non-membership in the Union.

4.02 The Employer agrees to allow two (2) union representatives, either from the
International Union or the Local Union, to meet quarterly on the Employer's
premises with bargaining unit employees during non-work time in a designated
non-work area to solicit membership in the Union. Attendance at such a meeting
shall be voluntary.

4.03 The Union, its officers, members, agents or representatives shall not
intimidate or coerce employees into membership in the Union, nor shall they
discriminate against any employee because of non-membership in the Union.

                                    ARTICLE V
                                 Dues Check Off

5.01 The Employer agrees to deduct union dues and initiation or service fees
(for employees electing not to become union members), each as designated by the
International Secretary-Treasurer, from wages of employees, who voluntarily
execute and provide the Employer with a written authorization to make such
deductions. The written authorization shall be irrevocable for a period of not
more than one (1) year, or beyond the termination date of this Agreement,
whichever occurs sooner. Deductions shall be made from the employee's wages the
first (1st) pay period of the month in which the payment is due. Withheld
amounts will be forwarded to the Union together with a record of the amount and
those for whom deductions have been made.

5.02 The Union shall indemnify and hold the Employer harmless against any and
all claims, demands, suits or other forms of liability that shall arise out of,
or by reason of action taken or not taken by the Employer for the purpose of
complying with any of the provisions of Article V., Dues Check Off, or in
reliance on any list, notice or assignment furnished under any such provisions.

5.03 Any refunds due an employee because of duplicate or incorrect payment to
the Union will be refunded to the employee by the Union.

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5.04 Where an employee has insufficient earnings for the complete deduction in
the pay period agreed upon, no deduction of any amount shall be made. In other
cases, where the Union informs the Employer in writing of the omission of a
properly authorized deduction, the deduction shall be made in the next month's
pay period.

5.05 The provisions of this Article shall be effective in accordance and
consistent with applicable provisions of federal and state law.

5.06 All the Employer's obligation under this Article of the Agreement to deduct
dues or fees and to forward dues/fees to the Union shall end upon the expiration
of this Agreement.

                                   ARTICLE VI
                             NO STRIKE - NO LOCKOUT

6.01 During the term of this Agreement, the Union, it's officers,
representatives, stewards, grievance persons, committee members and other
employees shall not, in any way, directly or indirectly, instigate, authorize,
cause, assist, encourage, condone, engage in or participate in any strike,
sympathy strike, slowdown, picketing or any interruption of work at any of the
Employer's operations for any reason whatsoever. The Employer agrees there shall
be no lockout of employees.

6.02 In the event of an unauthorized strike, sympathy strike, slowdown,
picketing or any interruption of work in any form by the employees, a
representative of the International and local Union shall immediately, upon
request of the Employer, by public notice disavow the unauthorized cessation of
work or disruptive activity and the Union shall take immediate action to induce
such employees to return to work and cease such activities.

6.03 The failure or refusal on the part of any employee to comply with section
6.01 of this Article shall result in immediate discipline up to and including
discharge and such discipline shall be subject to the grievance procedure in
Article XVII only as to the question of fact as to whether or not such
employee(s) did engage in such activities. The failure or refusal by a Union
officer, representative, steward, grievance person or committee person to comply
with the provisions of Section 6.01 of this Article constitutes leading or
instigating a violation of Section 6.01, it being specifically agreed that the
Union officers, agents, representatives, stewards, grievance persons or
committee persons, by accepting such positions have assumed responsibility of
affirmatively preventing violations of Section 6.01 of this Article by reporting
to work and performing work as scheduled and/or required by the Employer.

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                                   ARTICLE VII
                                  SUCCESSORSHIP

7.01 In the event of a transfer, sale, assignment or closure of the Employer's
New Prague and/or Lonsdale operations, the Union shall be notified as soon as
practical in advance of such action. Upon written request of the Union, the
Employer agrees to meet and confer about the effects of such transfer, sale,
assignment or closure upon the bargaining unit employees.

                                  ARTICLE VIII
                              Bargaining Unit Work

8.01 Persons whose regular jobs are not in the bargaining unit shall not perform
work so as to replace regular workers or operators on the job, except for the
purposes of instruction or management training, in which case such trainees
shall not displace or replace any employees in any classification.
Non-bargaining unit employees may perform experimental, development and research
work as deemed necessary by the Employer.

8.02 It is understood that up to twenty five (25) Coordinator positions and
future Coordinator positions may continue to perform bargaining unit work as
they previously performed prior to the existence of the collective bargaining
agreement. It is further understood that the parties agree that the Employer may
increase the number of Coordinators by one (1) for every twenty (20) newly
created bargaining unit positions.

8.03 It is further understood that non-bargaining unit employees may perform
bargaining unit work in response to emergency situations.

8.04 In consideration of the above, the Employer in case of reduction of the
work force, in accordance with Article XV - Seniority and Lay Off, shall reduce
the number of Coordinators by one (1) for every twenty (20) bargaining unit
employees layed off.

                                   ARTICLE IX
                                       Pay

9.01 The Employer agrees to pay all bargaining unit employees weekly. The
specific payday, check distribution and method shall be established by the
Employer.

9.02 Unless notified not to report at least two (2) hours prior to the start of
their shift, employees who are scheduled and report to work and are prevented
from working by conditions outside the control of the Employer to include but
not

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limited to acts of God or power outages shall be granted two (2) hours Report
Pay at the employee's regular straight time hourly rate. However, this shall not
apply to an employee(s) who are absent without approval on such previous
scheduled workday. Report Pay shall be considered as time worked for purposes of
overtime calculation.

9.03  At the Employer's discretion, an employee called back to work after
completion of his regularly scheduled shift, shall be granted two (2) hour
Recall Pay at the employee's regular straight time hourly rate or may be
assigned two (2) more hours work. Recall Pay shall be considered as time worked
for purposes of overtime.

9.04  Effective with the first pay period following ratification of this
agreement pay rates will be increased by forty-five (45) cents per hour.
Effective January 4, 2004 pay rates will be increased by forty-seven (47) cents
per hour. Effective January 2, 2005 pay rates will be increased fifty (50) cents
per hour.

                                    ARTICLE X
                               Job Classifications

10.01 Each employee covered by this Agreement shall be classified by the
Employer and receive the hourly rate in accordance with Appendix A of this
Agreement.

10.02 During the term of this Agreement, the Employer shall retain the sole
discretion to establish, modify and determine the job content of any new or
existing job/classification. In the event the Employer establishes a new job or
changes an existing job, the Employer will provide written notice to the Union
in advance of such Employer action.

10.03 Upon written request from the Union, the Employer shall meet and discuss
with the Union the wage rate (pay group) established for the new or changed job
classification and the rate (pay group) agreed upon shall become part of the
Agreement. Such meeting shall be on non-work time unless determined otherwise by
the Employer.

10.04 The Employer retains the right to assign employees to perform any work
within any pay group. If an employee is temporarily assigned to a lower pay
group, the employee shall retain their current rate of pay. If an employee is
temporarily assigned to a higher pay group, the employee shall receive the rate
of pay of that pay group effective with the start of the second (2/nd/) pay
period.

10.05 The Employer retains the discretion to hire anywhere within the pay group
range.

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10.06 There shall be automatic three (3) month incremental increases unless
Documented deficiencies in performance or skill issues exist which may call for
increase deferrals not to exceed thirty (30) days. Employer shall notify the
Union of any such deferrals.

                                   ARTICLE XI
                                  Hours of Work

11.01 The employee's current work day is the following:
      A.  The day shift commences at 5:45 a.m. and is concluded in eight (8)
          hours at 2:15 p.m., Monday through Friday.
      B.  The night shift commences at 2:45 p.m. and is concluded in ten (10)
          hours at 12:45 a.m., Monday through Thursday.

11.02 All day shift employees will receive a thirty (30) minute unpaid lunch
break. Employees leaving the premises for lunch must clock out and clock in upon
return. Employees are not permitted to work through their lunch period.

11.03 The Employer shall provide two (2) paid fifteen (15) minute day shift
breaks. Night shift employees shall receive three (3) fifteen (15) minute paid
breaks with no lunch period. Employees who leave the facility during their break
must clock out and in upon return. Employees scheduled to work overtime of two
(2) hours or more prior to the start of their regular scheduled shift, shall
receive an additional fifteen (15) minute break immediately preceding the start
of their regular shift. Employees scheduled to work overtime two (2) or more
hours after the completion of their regular shift, shall receive an additional
fifteen (15) minute break prior to the start of the overtime work.

11.04 The hours worked each day or per week will be established to meet work
requirements and will be at the sole discretion of the Employer and may be
changed from time to time with seven (7) calendar days advance notice when
reasonable and practical to provide such notice.

11.05 This Article shall not be construed to be a guarantee of hours of work per
day or per week.

11.06 The term full time employee shall be defined for purposes of this
Agreement as an employee who is in a schedule consisting of 40 hours per week.

11.07 Employees scheduled to work the second shift shall receive a fifty (50)
cent per hour shift premium added to their regular hourly base rate. Employees
scheduled to work the thirty-six (36) hour weekend shift shall receive an 11.1%
increase in hourly base rate as shift premium.

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                                   ARTICLE XII
                                     Holiday

12.01 The Employer shall provide the following paid holidays: New Year's Day,
Memorial Day, Good Friday, Fourth of July, Labor Day, Thanksgiving Day, Friday
after Thanksgiving, Christmas Eve Day, Christmas Day and Two (2) Floating
Holidays.

12.02 If the holidays fall on a Saturday or Sunday, the Employer will designate
either the preceding Friday or the following Monday as the day of observance.

12.03 A full-time employee, who is not on a leave of absence or lay off, shall
receive as holiday pay his regularly scheduled hours of work at his straight
time rate provided:

          A.   The employee is on the active payroll of the Employer and has
               worked 30 calendar days for the Employer.

          B.   The employee works the scheduled workday immediately preceding
               and immediately following the holiday unless the employee has an
               approved absence or approved time off. Requests for absence or
               time off must be made and approved no later than twenty-four (24)
               hours prior to the requested time off.

          C.   An employee returning to work after the holiday may upon occasion
               be late to start his/her work shift. Such "late start", not to
               exceed ten (10) minuets, may be judged as a day worked for
               purposes of satisfying the requirements of 12.03B. Additionally,
               during the term of this Agreement, due to extenuating
               circumstances, one absence or tardy, not to exceed four (4)
               hours, may be judged as a day worked under this section of
               Article XII. The absence/tardy shall, however, be counted as an
               unplanned absence. The provisions of this Section shall not be
               subject to the grievance and arbitration articles of this
               Agreement.

12.04 Should a holiday occur within an employee's vacation period, it shall not
be counted as part of such vacation. A day may be added to the vacation period,
at the discretion of the employee, provided the employee works his scheduled
shift prior to and after the vacation period.

12.05 Unless otherwise agreed upon, employees shall not receive holiday pay for
holidays which occur after the expiration of this Agreement and before the
execution of any succeeding Agreement.

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                                  ARTICLE XIII
                                Leave of Absence

13.01 Leaves of absence without pay may be granted at the sole discretion of the
Employer. When the leave is not approved the reason for denial shall be in
writing. The Union shall be provided a copy of the approved leave request. If
PTO is required to cover a leave of absence, in no case will the employee's last
twenty-four (24) hours of PTO be required to be used.

13.02 Any employee on leave of absence who shall take such leave for the purpose
of employment elsewhere shall be considered as having voluntarily quit.

13.03 A leave of absence will be granted to an employee to work with the
International Union for a period not to exceed two (2) years and may be renewed
for a period of time not to exceed one (1) year. Only one (1) employee may be on
International Union leave at one time. An employee on International Union leave
shall not earn or accrue seniority for the period of the leave. Upon termination
of the leave, the employee will be returned to a similar position and pay group
to the one they left.

13.04 The Employer and the Union agree to comply with the provisions of the
Americans with Disabilities Act, Family Medical Leave Act and Veterans
Reemployment Act.

13.05 An employee who has been elected or appointed by the Union to attend an
International, District or State Convention or Steelworker Educational
Program(s) will be granted by the Employer a leave of absence without pay for
this purpose. Not more that five (5) employees will be granted such leave three
(3) times a year and they must give the Employer a minimum of two (2) weeks
written notice. This notice must be confirmed by the local union. Each leave
will not exceed one (1) week duration.

13.06 A full time seniority employee requiring time off due to the death in the
immediate family (spouse, mother, father, child, brother, sister, stepmother,
stepfather, stepchild, and current mother-in-law, father-in-law, daughter-in-law
and son-in-law) may be granted a leave of absence with pay for the hours the
employee may have worked up to a maximum of three (3) consecutive working days.
A maximum of one (1) day leave of absence with pay may be granted in the event
of the death of the employee's grandmother, grandfather and current
grandmother-in-law, grandfather-in-law, brother-in-law, sister-in-law or
grandchild.

13.07 Such leave of absence shall be counted as time worked for purposes of
computing overtime pay.

13.08 Upon Employer request, the employee may be required to provide validation
of death in order to be paid for such time off.

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13.09 An employee who is required to report for jury duty on a day the employee
is scheduled to work shall be excused from work on that day. The employee must
notify his supervisor immediately upon receiving notice. The Employer shall pay
the difference between the employee's jury duty pay and the employee's regular
straight time pay. In order to receive such pay, the employees must submit to
the Human Resources Department valid written proof indicating the dates, time
served and the amount of compensation for such services.

This section will not apply where an employee voluntarily seeks such service.

13.10 An employee must report to work on all days scheduled when the jury is not
in session. Employees who serve less than four (4) hours of jury duty are
expected to work one-half (1/2) their shift. Those employees who serve four (4)
hours or more of jury duty will be paid for their full shift. Night shift
employees shall be excused early from their work shift when they are required to
report for jury duty the following day. Jury duty shall be counted as time
worked for purposes of overtime calculation.

13.11 Employees will be granted a military training leave of absence if they are
required to take time off for attendance at a summer training camp. Employees
are required to provide to the Employer a copy of any notification requiring
such time off immediately upon receipt by the employee. The Employer will not
pay wages for this time period but the employees may elect to use earned PTO.

                                   ARTICLE XIV
                                    Overtime

14.01 All hours worked in excess of forty (40) in a scheduled work week shall be
paid at one and one-half (1-1/2) times the employee's straight time rate of pay.
An unscheduled day will be paid at the straight time rate up to the forty (40)
hour requirement if not previously satisfied. Unless specified otherwise within
this Agreement, approved paid leaves of absence or paid personal time off shall
be considered as time worked for purposes of overtime calculations.

14.02 An employee assigned to the first shift shall be paid two (2) times his
regular straight time hourly rate for all hours worked on the seventh (7)
consecutive day provided he has worked the equivalent amount of hours on the
sixth (6) consecutive day. If the employee has not worked an equivalent amount
of hours on sixth (6) consecutive day, he will be paid one and one-half (1-1/2)
times his regular straight time hourly rate for all work performed on the
seventh (7) consecutive day.

14.03 An employee assigned to the second (2/nd/) shift shall be paid two (2)
times his regular straight time hourly rate for all hours worked on the seventh
(7/th/) day provided he has worked an equivalent amount of hours on either the
fifth (5/th/) or sixth (6/th/) day. If the employee has not worked an equivalent
amount of hours on

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the fifth (5/th/) or sixth (6/th/) day, he shall be paid one and one-half
(1-1/2) times his regular straight time hourly rate for all work performed on
the seventh (7/th/) day.

14.04 Employees are expected, as a condition of employment, to work overtime.

14.05 When overtime is required, the Employer will make every effort to notify
employees at least two (2) hours prior to the end of the shift or the day before
the employees scheduled day off.

14.06 The Employer will attempt to distribute overtime hours evenly among
qualified employees with preference given to seniority rotation within specific
departments, regardless of shift, when overtime is required. If overtime is
denied, it shall be counted as worked for purposes of evenly distributing
available overtime.

                                   ARTICLE XV
                              Seniority and Lay Off

15.01 All new employees or an employee rehired after loss of seniority shall be
considered to be on probation for the first ninety (90) calendar days of
continued employment with the Employer, measured from the most recent date of
hire. The Employer, upon written notification to the Union, may extend the
probationary period for an additional thirty (30) calendar days. During the
probationary period, such employee(s) may be discharged for any cause at the
discretion of the Employer without recourse to the grievance and arbitration
procedure of the Agreement and without notification to the Union. After an
employee completes his probationary period, the employee shall have seniority
determined in accordance with Section 15.02 of this Article.

15.02 Following completion of the probationary period, an employee shall be
credited with seniority within the plant measured by length of continuous
employment with the Employer at the plant measured from the employee's most
recent date of hire. If two or more employees have the same seniority, the
employee whose name appears earlier on the alphabetical listing of employees
shall be deemed as having more seniority. Seniority shall be applicable only as
expressly provided in this Agreement.

15.03 Seniority and status as an employee shall terminate for any of the
following reasons:

           A. Voluntary quit.
           B. Discharge for just cause.

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          C.   Working for another employer during a leave of absence, in which
               case the employee shall be considered to have voluntarily quit.

          D.   Is absent for three (3) consecutive work days without notifying
               the Employer.

          E.   Exceeds a leave of absence without written approval of the
               Employer.

          F.   Is layed off in excess of twelve (12) months.

          G.   Fails to respond to the Employers notice of recall within two (2)
               days after certified mail of notice to the last address of the
               employee as it appears on the records of the Employer, in which
               case the employee shall be considered to have voluntarily quit.

          H.   Fails to report on the agreed upon scheduled date of return to
               work, in which case the employee shall be considered to have
               voluntarily quit.

          I.   Retired.

15.04 When in the sole judgment of the Employer, it becomes necessary to effect
a reduction in the work force at a plant, the Employer will attempt to make such
reductions at the plant in inverse order of seniority, provided the employees
remaining have the skill, experience, qualifications and abilities to perform
the work available. Recalls from lay off shall be in order of seniority,
provided the employees returning have the skill and abilities to perform the
work available.

15.05 If an employee is transferred to a classification (including a
supervisor/coordinator position) outside the bargaining unit, such employee
shall be excluded from the coverage of this Agreement during the period the
employee is in said classification.

If within twelve (12) months such employee is re-transferred without
interruption in employment with the Employer to a classification within the
bargaining unit, the employee will as of the date of re-transfer be credited
with the seniority which he had at the time of their transfer in addition to all
seniority accumulated during the time the employee worked outside the bargaining
unit.

If following twelve (12) months of such transfer the employee is re-transferred
without interruption in employment with the Employer to a classification within
the bargaining unit, the employee will as of the date of re-transfer, be
considered a new employee for all purposes of this Agreement.

It is understood the Employer may make temporary assignments to other
classifications without regard to seniority.

15.06 On or before January 15/th/ of each calendar year the Employer shall
furnish the Union and post a seniority list. Any employee who disputes the
accuracy of such seniority list shall discuss his concern with the Human
Resource representative within seven (7) calendar days of the posting before
proceeding through Article XVII, Grievance and Arbitration of the labor
Agreement.

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                                   ARTICLE XVI
                                   Job Posting

16.01 Bargaining unit employees will be provided with opportunities for shift
transfer or promotion to classifications covered by this Agreement on the basis
of seniority, providing the employee has the skill, qualifications and ability
to perform the job. An employee signing a posting for a shift transfer within
the classification posted shall be granted the position prior to an employee
signing for promotion. Employees with seniority may bid down to obtain a
different classification or shift.

16.02 Employees shall be made aware of promotional or shift transfer
opportunities through written job notices posted on Employer designated bulletin
boards for seven (7) calendar days. Any employee with six (6) months or more
service in their current job classification or one (1) year or more service on
their current shift wishing to be considered for such vacancies shall indicate
their interest in writing within the posting period. If the Employer
simultaneously posts multiple job notices, the employee may indicate multiple
interests and if selected for more than one position may determine which job he
wishes to accept. Employees not selected for the posted job(s), will be advised
as to the reason the employee was not selected.

16.03 Employees taking a scheduled paid or unpaid leave of absence of three (3)
weeks or more may submit in writing to their supervisor an indication of job
interests they wish to bid on during said leave of absence. Their supervisor
shall enter the employee's name on each such job notice that is posted during
the period of absence. Employees who are absent due to illness or injury may
notify their supervisor in writing of any possible job posting for which they
wish to bid.

16.04 The employee selected to fill the posted job must satisfactorily complete
a thirty (30) work day training period. If during this training period the
Employer determines the employee cannot satisfactory perform the duties of the
job, the employee will be returned to his former position if available or may be
reassigned without loss of seniority.

                                  ARTICLE XVII
                            Grievance and Arbitration

17.01 A grievance is defined as a dispute or disagreement as to the
interpretation or application of the specific terms and conditions of this
Agreement. In the event of a grievance, there shall be no work stoppage or slow
down, and the matter will be settled in accordance with the procedure set forth.

                                                                              14

<PAGE>

17.02 Such disputes over the interpretation or application of any terms of this
Agreement shall be a "grievance" and will be processed in the following manner:

       Step 1: The aggrieved employee, with or without his grievance person,
       within three (3) working days after the event giving rise to the
       grievance or after the employee knows or reasonably should know of the
       occurrence to be grieved, will discuss and attempt to settle it with the
       employee's immediate Coordinator and or Area Manager The employee's
       immediate Coordinator and or Area Manager shall have a period of three
       (3) working day within which to respond.

       Any individual employee or group of employees who elect to present their
       grievance(s) to the Employer without the intervention of a bargaining
       representative may do so as long as adjustment is not inconsistent with
       the terms of the Collective Bargaining Agreement and provided further
       that the bargaining representative has been given the opportunity to be
       present at such adjustment.

       Step 2: If the Coordinator's answer is not satisfactory, the Union, no
       later than five (5) working days after the decision of the Coordinator
       may reduce the grievance to writing. Any written grievance must be signed
       and dated by the aggrieved employee and Union representative and set
       forth the facts giving rise to the grievance; a specified reference to
       the provisions of the Agreement alleged to have been violated; the
       names(s) of the aggrieved employee(s); reasons why the verbal answer in
       Step 1 was not satisfactory; and the remedy sought. The grievance shall
       be presented at a meeting with the Coordinator, Area Manager and/or
       Manufacturing Manager or his designee the grievant and two (2) Union
       representatives within five (5) working days after receipt of the
       employee's written grievance. The Employer shall give a written answer to
       the grievant and the Union signed and dated within eight (8) working days
       of the Step 2 meeting.

       Step 3: If the grievance has not been satisfactorily settled in Step 2,
       the grievance may be appealed to the Human Resource Manager, or her
       designee, within three (3) working days after receipt of the Employer's
       written answer in Step 2. The Human Resource Manager or her designee, and
       not more than two (2) management representatives, will meet with the
       grievant and the grievance committee (consisting of not more than two (2)
       persons) of the Union within eight (8) working days after receipt of the
       grievance in an attempt to reach a satisfactory settlement or adjustment
       of the grievance. Within five (5) working days after this meeting, the
       Employer will give its written answer to the staff representative and the
       President of the Local Union. Any of the elected Union representatives
       may be substituted, at the discretion of the Union, in any second or
       third step grievance meeting. It is understood that

                                                                              15

<PAGE>

       suspension and discharges shall be filed directly into the third step of
       the grievance procedure.

       Step 4: If any Employer's written answer to Step 3 is not satisfactory to
       the Union, the grievance may be appealed to the Vice President/General
       Manager or his designee within five (5) working days of the receipt of
       the Employer's written answer to Step 3. The Vice President/General
       Manager and not more than three (3) other management representatives will
       meet with the grievant, two (2) Union representatives and the staff
       representative of the Union within ten (10) work days after notification
       in an attempt to resolve the grievance. Within five (5) work days after
       this meeting, the Employer will give a written answer to the Union, which
       answer shall be final on the employee, the Union and the Employer, unless
       it is appealed to arbitration by the Union in accordance with the
       procedures set forth in the Agreement.

17.03 No grievance shall be accepted by the Employer unless it is submitted or
appealed within the time limits set forth in Step 1 of Section 17.02 of this
Agreement. If a grievance is not referred or appealed to the next step within
the specified time limits, it shall be considered settled on the basis of the
Employer's last answer. If the Employer does not provide a written reply to the
Union within the specified time limits outlined in step 2 through step 4 of the
grievance procedure, the grievance shall result in the grievance being settled
in accordance with the request in the grievance. The Union and the Employer
shall observe the specified time limits in answering or appealing a grievance.
Time limits in each step may be extended by mutual agreement in writing.

                                   Arbitration

17.04 If the Union wishes to carry the grievance beyond the fourth step, the
following procedure shall apply:

      A.  The Union, through its staff representative, may appeal the grievance
          to arbitration by giving a written notice to the Human Resource
          Director or his designee within twenty-one (21) calendar days after
          the receipt of the Employers answer to Step 4. The failure to appeal a
          grievance to arbitration within the twenty-one (21) calendar day
          period shall constitute a waiver of the Union's right to appeal to
          arbitration.

      B.  Within ten (10) work days after the notification to take the matter to
          arbitration, the parties shall request the Federal Mediation and
          Conciliation Service (FMCS) to submit a panel of seven (7) qualified
          arbitrators. Upon receipt of the FMCS panel of arbitrators the parties
          shall have ten (10) work days to arrange to select the arbitrator.
          Each party to the dispute shall be entitled to alternately strike a
          name from the list until only one name remains and this panel member
          shall be the neutral arbitrator. The order of striking shall be
          determined by the

                                                                              16

<PAGE>

          flip of a coin. The arbitrator shall only have jurisdiction and
          authority to interpret, apply or determine compliance and/or
          application of the express provisions of this Agreement at issue
          between the Union and the Employer. It is understood that the
          arbitrator shall not have jurisdiction or authority to add to, detract
          from or alter in any way the terms of this Agreement. The decision of
          the arbitrator on the merits of any grievance adjudicated within his
          jurisdiction and authority shall be in writing and shall be final and
          binding on the Employer, the Union and the employee(s).

      C.  The Employer and the Union shall bear their own costs of the
          arbitration and shall equally share all expenses and fees of the
          neutral arbitrator. The grievance procedure may be utilized by the
          Union in processing grievances on behalf of the employees, either
          individually or collectively. In processing grievances, the Union
          shall observe the specified time limits in filing and appealing and
          the Employer shall observe the specified time limits in answering.

                                  ARTICLE XVIII
                              Union Representation

18.01 The Employer recognizes the right of the Union to designate not more than
twenty-one (21) Union representatives from the Employer's seniority list.

18.02 A Union representative, when requested by the grievant, shall be
compensated and allowed limited time off for investigating grievances and
participating in Step 1 discussions during working hours at their regular hourly
rate of pay. In such cases, the Union representative shall seek permission from
their immediate Coordinator to leave their assigned duties. The grievant is
encouraged to use his work area Union representative when requesting
representation.

Permission shall not be unreasonably withheld unless the Coordinator believes
there would be a disruption in production or an effect on efficiency of
operations. It is understood that each grievance investigation shall be
conducted by one Union representative.

Upon receiving permission from the Coordinator, Union representative shall clock
out of their job and into the designated indirect account. If the grievance
investigation or Step 1 discussion requires the Union representative to leave
his assigned area, he shall notify the Coordinator of that area prior to
beginning any investigation or discussion. When Union representative leaves the
area, he must notify the Coordinator of that area that he is leaving and
immediately return to his own work area. When entering his own work area, he
shall report immediately to his Coordinator and clock out of the designated
indirect account and clock back

                                                                              17

<PAGE>

into his job. Paid time and work time off for such investigation and Step 1
discussion shall not exceed thirty (30) minutes per grievance.

18.03 The Union representative(s) and aggrieved employee(s) participating in
Step 2 grievance meetings shall be paid in accordance with the following: Before
meeting with the Employer, the employees involved shall clock out of their job
and clock into the designated indirect account; at the conclusion of the
meeting, they shall clock back into their job and clock out of the indirect
account. The time consumed by the meetings, not to exceed two (2) hours each
week per Area Manager, shall be paid for by the Employer. Any additional time
spent in such grievance meeting shall be unpaid.

18.04 The Union representative(s) and aggrieved employee(s) participating in
Step 3 or Step 4 grievance meetings shall be paid in accordance with the
following: Before meeting with the Employer, the employees involved shall clock
out of their job and clock into the designated indirect account; at the
conclusion of the meeting, they shall clock back into their job and clock out of
the indirect account. The time consumed by the meeting shall be paid by the
Employer. It is agreed by the parties that the meetings held at these steps
shall be limited to discussion of the facts pertaining to the resolution of the
grievance(s) involved.

18.05 Union representatives or aggrieved employees shall not be paid for any
time spent after Step 4 or at any arbitration proceedings.

18.06 A representative of the International Union, upon request to the Human
Resource Director, shall be granted permission to visit the plant at a mutually
satisfactory time for the purpose of investigating any grievance arising out of
this Agreement. During such visit, the Union representative shall be accompanied
to a designated non-work meeting area, shall comply with all applicable rules of
the Employer and shall not interfere with the operations of the plant nor with
the duties of employees. A Union representative or local union officer who
wishes to meet with the Union representative in the Employer designated area may
so do upon receiving permission from his immediate Coordinator. The paid time
and work time off shall not exceed thirty (30) minutes. Upon receiving
permission, Union representative or local union office shall clock out of his
job and clock into the designated indirect account and upon return to his area
clock into his job and out of the indirect account.

18.07 The Employer acknowledges the right of the Union to appoint or otherwise
select a Negotiation Committee composed of not more than five (5) members who
are regular employees of the Employer. The Union agrees to notify the Employer
in writing as to the members of the negotiating committee. All employee time
participating in negotiations shall be unpaid. The Employer will credit the
Union negotiating committee with pension credit for time spent in negotiation
sessions only.

                                                                              18

<PAGE>

                                   ARTICLE XIX
                                 Bulletin Boards

19.01 The Employer shall provide eight (8) bulletin boards situated at agreed
upon locations to be used for the posting of Union notices. The President of the
Local Union or his designated representative shall be the Union officials to
sign and post Union notices. Only the posting of meeting notices, elections,
names of representatives and officers of the Union, and general noncontroversial
matters concerning the business of the Union may be posted. All matters to be
posted shall be presented by the Union representative to the Human Resources
Manager or her designee for review and approval.

                                   ARTICLE XX
                         Personal Time Off and Vacation

20.01 Full-time employees, after satisfactory completing their probationary
period, shall accrue Personal Time Off (PTO) from the first day of the month
following their date of employment. An employee absent from work or layed off in
excess of four (4) weeks will not accrue PTO until the first of the month
following the employee's return to work.

20.02 Eligible employees shall accrue PTO hours as follows:
                Less than one (1) year                5.4 hrs./month
                One (1) through four (4) years        8.7 hrs./month
                Five (5) through seven (7) years      10.1 hrs./month
                Eight (8) through fourteen (14) years 13.4 hrs./month
                Fifteen (15) or more years            16.8 hrs./month

      Employees may accrue a maximum of 240 PTO hours. Employees with balances
      exceeding 240 hours at the beginning of the month shall have until the end
      of that month to bring their balance including the current month accrual
      below the 240 maximum or such hours shall be lost.

20.03 A minimum of two (2) or more consecutive hours of PTO may be requested.
Requests exceeding two (2) hours must be made in whole hour increments. The
Employer will not grant PTO requests that result in a deficit balance. Likewise,
employees having a PTO balance who request time off without pay shall be
required to utilize such PTO first before consideration will be given for time
off without pay.

20.04 Personal Time Off plus time worked cannot total more than the employee's
scheduled hours in a regular straight time work shift.

20.05 Employees requesting PTO of one (1) week or more shall make such request
at least two (2) weeks in advance. For requests of less than one (1)

                                                                              19

<PAGE>

week, such request shall be at least equal in advance notice to the amount of
PTO requested.

20.06 Employees, at their discretion, may use all accrued and unused PTO during
any plant shut down or lay off periods. If such periods exceed four (4) weeks,
employees shall have the balance of their accrued and unused PTO paid out.

20.07 Employees who voluntarily terminate or retire shall be paid for all unused
accrued PTO hours through the month preceding their last day worked to a maximum
of 240 hours.

                                   ARTICLE XXI
                                Safety and Health

21.01 The Employer, Union and employees agree to cooperate and to work toward
the continuing objective of reducing accidents and employee health hazards. To
this end, the Employer shall continue its efforts to make provisions and
policies for the safety and health of the employees. The parties recognize their
obligations and/or rights under existing Federal and state laws with respect to
safety and health matters. In this regard, it is the intent of the parties that
any concern of safety or health be processed through the provisions of this
Agreement before any charge be filed with any governmental agency.

21.02 In an effort to provide a safe work environment for all employees, the
Employer shall form a Safety committee. The committee shall be chaired by the
Safety Manager and be comprised of elected bargaining unit employees
representing designated work areas, two bargaining unit employees at large
appointed by the local Union and Employer representatives. The number of
Employer representatives shall not exceed the number of bargaining unit members.
Bargaining unit members shall serve two (2) year terms. Bargaining unit members
on the committee should be elected through nomination and election by bargaining
unit employees in the designated work area. Fifty (50) percent of the committee
shall be selected new each year. The committee shall meet monthly and strive for
pro-active/preventive rather than reactive approaches to safety and health
concerns.

21.03 Standard industrial safety glasses shall be worn in production areas by
all employees and shall be provided by the Employer. The Employer shall provide
lenses and frames for employees who have accrued seniority and require
prescription glasses. Prescription glasses will be replaced if broken in the
course of work activities or every two (2) years provided there is a dramatic
change in the prescription. Employees may be required to verify damage or
prescription change before replacement is provided.

21.04 All employees shall wear hard hats and hearing protection as directed by
the Employer and refrain from wearing rings, loose fitting jewelry, necklaces
and dangling earrings during working time.

                                                                              20

<PAGE>

21.05 The Employer at its sole discretion may establish or modify safety
recognition programs. Any changes will be discussed with the Safety Committee
before making a final decision.

21.06 Upon successful completion of the ninety (90) probationary period, all
full-time employees shall be eligible to received annually a total of four (4)
uniform items or in lieu of two (2) uniform items a one hundred (100) dollar
safety shoe allowance may be chosen. All employees are strongly encouraged to
wear the Employer provided uniform.

                                  ARTICLE XXII
                               Tool Accountability

22.01 The Employer shall issue tools and equipment to employees. Employer issued
tools and equipment are the responsibility or the employee and shall be properly
used, maintained and returned to the Employer upon termination, voluntary
separation or lay off. Any employee who fails to return Employer issued tools or
equipment shall have the cost of those tools/equipment withheld from their final
pay check. Any remaining balance due shall be billed directly to the employee.
Tools and equipment supplied by the Employer shall never be removed from the
Employer's premises and shall not be used for personal reasons or projects,
unless specifically authorized in advance by the employee's supervisor. Employer
issued tools/equipment shall be replaced by the Employer upon return of the
originally assigned broken or damaged tool/equipment. Failure to return the
broken or damaged tool/equipment shall result in the employee replacing the tool
or equipment at the employee's cost.

22.02 The Employer shall provide a locked area or locker for employees to secure
Employer issued tools and equipment. Employees shall provide their own locks.

                                  ARTICLE XXIII
                                   Activities

23.01 The Employer shall provide time off with pay for employees who participate
in New Prague volunteer activities as firemen, military honor guards, medical
technicians or ambulance attendants.

23.02 Employees who participate in similar volunteer activities outside of New
Prague may receive time off without pay.

23.03 Employees must request approval for such time off from their supervisors
as far in advance as possible and must return to their scheduled work shift
after the activity if there are two or more remaining hours in their scheduled
work shift. The Employer may request validation of participation in such
activity.

23.04 It is agreed between the parties that the Employer shall retain the sole
discretion to unilaterally modify, revise or eliminate any provisions or
practices

                                                                              21

<PAGE>

under this Article. Additionally, the Employer shall retain the sole discretion
to unilaterally modify, revise or eliminate practices and policies that pertain
to the current Employee Recreation Club, Service awards and Improvement
Programs.

23.05 The Employer's only obligation under the provisions of this Article is to
provide the Union ninety (90) days written notification before modifying,
revising or eliminating any practices, policies or provisions under the sections
of this Article.

                                  ARTICLE XXIV
                                  Field Service

24.01 The Employer retains the unilateral right to select and designate certain
qualified employees to be available and willing to perform off-site field
service and repair work. Employees selected shall receive an additional two
dollar and fifty cents ($2.50) per hour Field Service Premium over the hourly
rate of their current classification for all hours worked (off-site) at the
customer location while holding such designation.

24.02 When assigned to work off-site, the employee(s) shall receive their
regular rate of pay on the day of departure for all reasonable time incurred
from the point of departure to the employee's final destination of the day. When
at the customer location, the employee shall earn the Field Service Premium in
addition to their regular rate of pay. On the day of return, the employee(s)
shall receive their regular rate of pay for all reasonable time incurred from
the point of departure and end upon the employee's final point of destination of
the day.

24.03 Employees performing off-site field service and repair work will be
reimbursed a maximum of thirty (30) dollars per day for receipted meals. Lodging
will be reimbursed at the rate equivalent to a moderate priced (Holiday Inn)
motel. Required air transportation and/or automobile rental must be arranged
through the Employer designated travel operator. Employees shall receive the
mileage reimbursement rate corresponding to the published IRS rate when the
employee uses their personal automobile for Employer related business.

24.04 Overtime computation will include all hours worked as defined above. The
Field Service Premium will not roll into the overtime calculation.

                                   ARTICLE XXV
                             Drug and Alcohol Policy

25.01 By reference the parties have negotiated a Drug and Alcohol Policy.

                                                                              22

<PAGE>

                                  ARTICLE XXVI
                                 Savings Clause

26.01 Should any provision of this Agreement be declared illegal by any court of
competent jurisdiction, such provision shall immediately become null and void,
leaving the remainder of the Agreement in full force and effect, and the parties
shall thereupon meet and confer in good faith regarding a substitute provision
which is in conformity with the applicable law.

                                                                              23

<PAGE>

                                  ARTICLE XXVII
                              Duration of Agreement

27.01 The Agreement shall become effective on November 17, 2002 and shall remain
in effect through January 15, 2006.

Either party desiring to change, modify or terminate the Agreement must notify
the other in writing at least sixty (60) days prior to January 15, 2002, the
expiration date of this Agreement. If such notice is given and the parties fail
to reach agreement by the expiration date of this Agreement, then this Agreement
shall in all respects be deemed void and terminated.

Date __________________ , 2003

UNITED STEELWORKERS OF AMERICA                 CHART INDUSTRIES, INC.

_______________________________________    ______________________________
Leo W. Gerard , President                  Eric Rottier

_______________________________________    ______________________________
James D. English, Secretary-Treasurer      Rick Strand

_______________________________________    ______________________________
Richard H. Davis, Vice Pres. of Admin.     Cheryl Bartusek

_______________________________________    ______________________________
Leon Lynch, Vice Pres. of Human Affairs    Fred Simon

_______________________________________
David A. Foster, District 11 Director

_______________________________________
Tara Widner, Staff Representative

_______________________________________
Rick Kadrlik, Negotiating Committee

_______________________________________
Greg VonBank, Negotiating Committee

_______________________________________
Janet Weiers, Negotiating Committee

_______________________________________
Bruce Efta, Negotiating Committee

_______________________________________
Emil Pexa, Negotiating Committee

                                                                              24

<PAGE>

                                   APPENDIX A
                          Classifications and Pay Rates

<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------
                          GROUP 4
-----------------------------------------------------------------------------------------------
<S>          <C>             <C>       <C>         <C>        <C>           <C>         <C>
             AI Boxer                  Liquid Penetrant Tester
             AI Light Assembler        Machine Operator
             Parts Washer              Material Handler
             Maintenance Helper        Wrapper
             Welder Helper             Buffer
-----------------------------------------------------------------------------------------------
             Pay Rate
             11/17/02                1/4/04         1/2/05
Start        9.46                     9.93           10.43
3 months     10.17                    10.64          11.14
6 months     10.88                    11.35          11.85
9 months     11.59                    12.06          12.59
12 months    12.30                    12.77          13.27
15 months    13.01                    13.48          13.98
18 months    13.72                    14.19          14.69
21 months    14.43                    14.90          15.40
Full Rate    15.19                    15.66          16.16
-----------------------------------------------------------------------------------------------
                               GROUP 5                                     GROUP 6
-----------------------------------------------------------------------------------------------
             Overhead Crane Operator                          LPV/JPV Roller Operator
             Electro Polisher                                 Maintenance Tech 6
             Inventory Accuracy Coordinator                   Mass Spec/Welding
             Machinist                                        Q.C. Inspector 6
             Maintenance Tech 5                               Specialty Machinist
             Mass Spec/Pumping                                Welder 6
             Painter                                          Straddle Crane Operator
             Pipe Bender                                      Programmable Plasma Cutter
             Plasma Cutter
             Purchase Rec./Inspect Tech
             Q.C. Inspector 5                                 *Rates Paid Above Group 6
             Shear Operator                                   NDE                   $1.00
             Shipping/Receiving Coordinator                   Master Welder         $1.00
             Truck Driver                                     Jig and Fixtures      $1.00
             Welder 5                                         Electrician           $3.00
             AI Liquid Test/Mass Spec Operator                Electronic Tech       $8.78

-----------------------------------------------------------------------------------------------
             Pay Rate                                         Pay Rate
             11/17/02        1/4/04        1/2/05             11/17/02     1/4/04      1/2/05
Start        10.24            10.71         11.21             10.93         11.40       11.90
3 months     11.02            11.49         11.99             11.77         12.24       12.74
6 months     11.80            12.27         12.77             12.61         13.08       13.58
9 months     12.58            13.05         13.55             13.45         13.92       14.42
12 months    13.36            13.83         14.33             14.29         14.76       15.26
15 months    14.14            14.61         15.11             15.13         15.60       16.10
18 months    14.92            15.39         15.89             15.97         16.44       16.94
21 months    15.70            16.17         16.67             16.81         17.28       17.78
Full Rate    16.48            16.95         17.45             17.65         18.12       18.62
-----------------------------------------------------------------------------------------------
</TABLE>

                                                                              25

<PAGE>

                                   APPENDIX B
                                  Lead Persons

     Employees working as Lead Persons shall receive a twenty-five (25) cents
     per hour premium over the top of their rate or the rate of the
     classification they lead, whichever is greater. Effective with the first
     pay period after ratification of this agreement Lead Persons will receive
     an additional twenty-five (25) cents per hour and twenty-five cents per
     hour effective January 4, 2004. Lead Persons shall be selected solely by
     the Employer.

                                   APPENDIX C
                              Tuition Reimbursement

     Full-time employees who have accrued seniority of at least one (1) year
     shall be eligible for tuition and book reimbursement not to exceed $1,500
     per calendar year for work related courses taken at accredited educational
     institutions. Reimbursement shall be made upon verification of
     satisfactorily completing the course along with properly receipted
     expenditures.

                                   APPENDIX D
                                  Pension Plan

     The Employer shall offer a Pension Plan to all bargaining unit employees
     who have satisfactorily completed their probationary period. The benefit
     level for all active eligible employees shall be twenty-five dollars
     ($25.00) for all benefit service earned as defined by the Plan. All aspects
     and operations of this Plan shall be governed by the Plan documents and
     shall not be subject to the grievance and arbitration provisions of this
     Agreement. If any conflict arises between the Plan documents and this
     section of the Agreement, the terms of the Plan's documents shall control.
     Except as to benefit level, the Employer shall retain sole right to modify
     or amend the Plan without notice or bargaining to the extent permitted by
     ERISA, the IRC or other related regulations.

                                   APPENDIX E
                              Life & AD&D Insurance

     The Employer shall provide employees with life insurance equal to one (1)
     times the employee's annual basic earnings as defined by the Plan not to
     exceed fifty (50) thousand dollars. All aspects of this Plan shall be
     governed by the Plan's document and shall not be subject to grievance or
     arbitration. If any conflict arises between the Plan and this section, the
     terms of the Plan's documents shall control.

                                                                              26

<PAGE>

     The Employer shall provide employees with Accidental Death and
     Dismemberment Insurance equal to one (1) times the employees annual basic
     earnings as defined by the Plan not to exceed fifty (50) thousand dollars.
     All aspects of this Plan shall be governed by the Plan's document and shall
     not be subject to grievance or arbitration. If any conflict arises between
     the Plan and this section, the terms of the Plan's documents shall control.

                                   APPENDIX F
                                Health Insurance

     All full-time employees, after a prescribed waiting period, shall be
     eligible to participate in the Employers health insurance plan(s) as
     described by the Employee's Group Benefit Plan booklet. Upon thirty (30)
     days written notice and subsequently informing the Union of specific
     changes to the plan(s), the Employer may modify, amend or change carriers,
     benefit levels or terms of coverage without negotiation or approval by the
     Union, provided the employee/Employer cost sharing is the same for all
     employees (union and non-union) regularly assigned and working at the New
     Prague and Lonsdale facilities.

     The Employer's liability in any claim for benefits under these group
     insurance plans is governed by the plan documents and is limited to the
     benefits provided by the specific plan. A copy of these plans shall be
     given to each employee.

                                   APPENDIX G
                                Dental Insurance

     All full-time employees, after a prescribed waiting period, shall be
     eligible to participate in the Employer existing Dental Insurance plan as
     described by the Employee's Group Benefit Plan booklet. Upon thirty (30)
     days written notice and subsequently informing the Union of the specific
     changes to the plan, the Employer may modify, amend or change insurance
     carriers, benefit levels or terms of coverage without negotiation or
     approval by the Union, provided the employee/Employer cost sharing is the
     same for all employees (union or non-union) regularly assigned and working
     at the New Prague or Lonsdale facilities.

     The Employer's liability in any claim for benefits under this group
     insurance program is governed by the plan documents and is limited to the
     benefits provided by the specific plan. A copy of the plan shall be given
     to each employee.

                                                                              27

<PAGE>

                                   APPENDIX H
                                    401K Plan

     The Employer shall offer eligible employees a savings plan qualified under
     the Internal Revenue Code ("IRC"). The Employer anticipates continuing to
     match employee contributions at the rate designated by the plan as of
     January 1, 2000 Although the Employer anticipates continuing contributions
     at those rates, the Employer shall retain its current rights under the Plan
     to unilaterally increase, decrease or terminate Employer contributions and
     to determine other aspects of the Plan operation. The Employer shall
     provide the Union thirty (30) days written notice prior to implementing any
     changes in the Plan and shall not terminate the plan without discussing
     such action with the Union.

     All aspects of the Plan, including but not limited to eligibility
     requirements, contribution levels, employer match, borrowing and withdrawal
     shall be governed by the Plan and applicable statutes and regulations.

     Disputes regarding participation and operation of the Plan shall not be
     subject to grievance or arbitration under this Agreement. If any conflict
     arises between the Plan, this Agreement and applicable statutes and
     regulations, the terms of this Plan and the applicable statutes and
     regulations shall control.

                                   APPENDIX I
                              Flex Spending Account

     The Employer shall provide a Flex Spending Account for pre tax payroll
     deductions to be used for out-of-pocket medical and/or day care expenses
     and group insurance premium payments.

                                   APPENDIX J
                                 Incentive Plan

The Employer will provide all non-probationary bargaining unit employees with an
incentive pay plan to better instill a working environment of enhanced
cooperation, teamwork, conduct, positive attitude, performance and commitment.
The Employer shall have complete and sole discretion to design, implement ,
revise or terminate such incentive plan. Any and all Employer payments pursant
to any such plan shall be in addition to the wage rates and benefits provided by
other Articles of this Agreement.

                                                                              28

<PAGE>

     The amount of payment, not to exceed one thousand ($1000.00) dollars per
     bargaining unit employee shall be based on criteria consistqant with the
     New Prague management plan. This plan will be effective January 1, 2003,
     and annually thereafter through December 31, 2005. The Union will be
     provided information regarding the terms of the plan, including criteria,
     calculation of payments or amounts of payments for bargaining unit
     employees.

     No terms of or payment or nonpayment pursuant to the plan shall be subject
     to negotiation, the grievance procedure or arbitration provisions of the
     collective bargaining agreement between the parties.

                                   APPENDIX K
                              Short Term Disability

     Effective for all claims filed on January 1, 2003, all full time bargaining
     unit employees are elegible to participate in the Short Term Disability
     (STD) plan at a benefit rate of seventy (70) percent of the straight time
     hourly rate up to twenty six (26) weeks after satasfying all required
     elegibility and waiting periods. STD benefits will be reduced by any other
     disability benefits employees may receive.

                                                                              29

<PAGE>

[LOGO]     Storage System Division

                                                           407 Seventh Street NW
                                                            New Prague, MN 56071

                                  June 25, 1998

Mr. Thomas M. Hoffman
Sub District Director
United Steelworkers of America
2829 University Ave. SE
Suite 100
Minneapolis, MN  55414

Dear Mr. Hoffman;

Effective with the commencement date of the Agreement this letter will clarify
MVE's policy with regard to temporary employees, temporary service and seasonal
employees. Employer may keep these people working in bargaining unit jobs for a
period not to exceed ninety (90) calendar days. During this time these people
will not be subject to the terms and conditions of the Agreement. At the
conclusion of the ninety (90) calendar day period they would serve a thirty (30)
calendar day probationary period. Upon the successful completion of the
probationary period they would become full time employees. After the employee
completes his probationary period the employee shall be credited with seniority
measured by the commencement of the most recent ninety (90) day period.

Sincerely,

Scott Brittain
Director of Human Resources

                                                                              30

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
         Article               Title                                       Page
         -------               -----                                       ----
<S>                            <C>                                         <C>
                               Agreement                                       1
                               Preamble                                        1
          I                    Responsibilities of the Parties                 1
          II                   Recognition                                     2
          III                  Retention of Management Rights                  3
          IV                   Union Membership                                4
          V                    Dues Check Off                                  4
          VI                   No Strike No Lockout                            5
          VII                  Successorship                                   6
          VIII                 Bargaining Unit Work                            6
          IX                   Pay                                             6
          X                    Job Classifications                             7
          XI                   Hours of Work                                   8
          XII                  Holiday                                         9
          XIII                 Leave of Absence                               10
          XIV                  Overtime                                       11
          XV                   Seniority and Lay Off                          12
          XVI                  Job Posting                                    14
          XVII                 Grievance and Arbitration                      15
          XVIII                Union Representation                           17
          XIX                  Bulletin Boards                                19
          XX                   Personal Time Off and Vacation                 19
          XXI                  Safety and Health                              20
          XXII                 Tool Accountability                            21
          XXIII                Activities                                     22
          XXIV                 Field Service                                  22
          XXV                  Drugs and Alcohol                              23
          XXVI                 Savings Clause                                 23
          XXVII                Duration                                       24

          Appendix A           Classifications and Pay Rates                  25
          Appendix B           Lead Persons                                   26
          Appendix C           Tuition Reimbursement                          26
          Appendix D           Pension Plan                                   26
          Appendix E           Life and AD&D Insurance                        26
          Appendix F           Health Insurance                               27
          Appendix G           Dental Insurance                               29
          Appendix H           401K Plan                                      30
          Appendix I           Flex Spending Account                          30
                               Letter of Understanding                        31
</TABLE>

                                                                              31<PAGE>

                                                                   EXHIBIT 10.15

                       [Chart Industries, Inc. Letterhead]

October 17, 2002

Mr. Michael F. Biehl
1303 West Melrose Drive
Westlake, Ohio 44145

Re:      Employment Agreement

Dear Michael:

         This letter agreement (this "Agreement") sets forth the terms under
which you are employed by Chart Industries, Inc. (the "Company") as its Chief
Financial Officer.

1.       Term of Employment. The Company agrees to employ you, and you agree to
serve the Company, on the terms and conditions set forth in this Agreement for
the period commencing as of the date hereof and expiring on the first
anniversary of the date hereof (the "Employment Period"). The Employment Period
shall automatically be extended on the first anniversary of the date hereof, and
on each subsequent anniversary of the date hereof, for a period of one year from
such anniversary unless, not later than 60 days before such anniversary, you or
the Company has given written notice to the other party that you or it, as the
case may be, does not wish to have the Employment Period extended.
Notwithstanding the foregoing, in the event of a Change in Control, the
Employment Period shall automatically be extended for a period beginning on the
date of the Change in Control and expiring on the second anniversary of the date
of such Change in Control, but the Employment Period shall not be extended
further after a Change in Control unless expressly agreed to in writing by the
parties. In any case, the Employment Period may be terminated earlier under the
terms and conditions set forth herein.

2.       Position and Duties. During the Employment Period, you shall serve as
the Company's Chief Financial Officer and report to the Chief Executive Officer
of the Company. You shall have responsibility for the accounting, financial
reporting, treasury, internal audit, tax and administrative functions of the
Company, and the performance of such other services and duties as shall be
reasonably assigned to and requested of you by the Chief Executive Officer or
the Board of Directors. You agree to devote substantially all your working time
and efforts to the business and affairs of the Company and serve the Company in
its business and perform your duties to the best of your ability.

3.       Compensation and Benefits.

         (a) Salary. During the Employment Period, you shall receive a base
salary at the rate of Two Hundred Thousand Dollars ($200,000) per year (the
"Base Salary Amount"). Your salary may be adjusted based upon an annual review
by the Board of Directors of the Company or any duly authorized Committee
thereof, although any such adjustment shall be at the sole discretion of the
Board of Directors or such Committee. Notwithstanding the foregoing, in no

<PAGE>

Michael F. Biehl
October 17, 2002
Page 2

event shall your salary be adjusted below the Base Salary Amount. Such salary
shall be payable in bi-weekly installments or otherwise in accordance with the
normal policies of the Company for payment of corporate officers.

         (b) Benefits. During the Employment Period, you shall be entitled to
participate in any employee benefits plans which are maintained or established
by the Company for its corporate officers, subject, however, to all of the terms
and conditions thereof, including any eligibility requirements therefor,
including but not limited to: (i) the Management Incentive Compensation Plan or
any other successor plan (the "Incentive Plan"); (ii) any stock option plan of
the Company in which the Company's corporate officers generally are eligible to
participate (the "Option Plan"); (iii) medical, dental and vision insurance
coverage; (iv) life insurance coverage; (v) 401(k) Retirement Plan; (vi) four
weeks of paid vacation annually to be taken at such time or times as are chosen
by you; and (vii) the use of a leased automobile (including insurance).
Notwithstanding the foregoing, you shall not be entitled to participate in the
Company's Severance Benefit Plan or any such successor plan. Payment under the
Incentive Plan shall be determined by, and awarded in the sole discretion of,
the Board of Directors of the Company or any authorized Committee thereof and
shall be dependent upon the Company's financial performance and your performance
toward established goals. There shall be no guaranteed awards under the
Incentive Plan. On an annual basis, the Board of Directors of the Company or any
authorized Committee thereof may in its sole discretion grant you options to
purchase common stock of the Company under the Option Plan in addition to any
option previously granted to you.

         (c) Expenses. The Company shall reimburse you for reasonable expenses
incurred by you on behalf of the Company in the performance of your duties
during the Employment Period. You shall furnish the Company with such
documentation as is requested by the Company in order for it to comply with the
Internal Revenue Code of 1986, as amended, and regulations thereunder in
connection with the proper deduction of such expenses.

4.       Termination of Employment.

         (a) General. Your employment with the Company shall terminate
automatically upon your death or the expiration of the Employment Period without
extension. In addition, you may terminate your employment with the Company
voluntarily by resigning, and the Company may terminate your employment (i) for
Cause, (ii) without Cause, for any reason or no reason, or (iii) by reason of
your Disability. Any termination by the Company or by you of your employment
hereunder shall be communicated by a written notice to the other party hereto,
which shall indicate the specific termination provision in this Agreement relied
upon, set forth in reasonable detail the facts and circumstances claimed to
provide a basis for termination of your employment under the provision so
indicated, and specify the effective date of the termination of your employment
(which shall not be earlier than the date on which the notice is given). The
effective date of the termination of your employment is referred to as the
"Termination Date." Notwithstanding Section 1, the Employment Period shall
terminate upon the termination of your employment with the Company.

<PAGE>

Michael F. Biehl
October 17, 2002
Page 3

         (b) Expiration of Employment Period, Death, Resignation, Cause or
Disability. If the Employment Period expires without extension or, during the
Employment Period, your employment terminates as a result of your death, you
terminate your employment voluntarily by resigning, or the Company terminates
your employment for Cause or by reason of your Disability, then, in any such
case, Sections 4(c), 4(d) and 4(e) shall not apply and you shall be entitled to
payment of base salary only for the remainder of the month in which such
termination occurs (or only until the Termination Date, if your employment
terminates as a result of the expiration of the Employment Period without
extension) and thereafter such salary shall end and cease to be payable. In
addition, in any such case, and you shall be entitled to receive any benefits
provided for in Section 3(b) which have accrued up to and including the
Termination Date, subject to the terms and conditions of the benefit plans
referenced in Section 3(b), and reimbursement of reasonable expenses incurred up
to and including the Termination Date under the terms of Section 3(c).

         (c) Termination Without Cause. If, during the Employment Period, the
Company terminates your employment without Cause, then, in lieu of further base
salary payments hereunder, the Company shall pay to you within 30 calendar days
after the Termination Date an amount equal to your then current annual base
salary. In addition, in such case, you shall be entitled to receive any benefits
provided for in Section 3(b) which have accrued up to and including the
Termination Date, subject to the terms and conditions of the benefit plans
referenced in Section 3(b), and reimbursement of reasonable expenses incurred up
to and including the Termination Date under the terms of Section 3(c).
Notwithstanding the foregoing, you shall not be entitled to any payment or
benefit under this Section 4(c) if you are entitled to any salary continuation
under Section 4(d), and in no case shall you be entitled to any payments and/or
benefits under both Section 4(c) and Section 4(d).

         (d) Termination Without Cause Following a Change in Control. If (i) a
Change in Control occurs during the Employment Period and (ii) at any time
during the period commencing on the date of such Change in Control and ending on
the date that is six months after such Change in Control the Company terminates
your employment without Cause, then, in lieu of any payment or benefits under
Section 4(c), the Company shall continue to pay to you, in accordance with its
normal payroll practices, your base salary at the rate in effect immediately
prior to the Termination Date (which shall not be less than the Base Salary
Amount) until the second anniversary of such Termination Date. In addition, in
such case, you shall be entitled to receive any benefits provided for in Section
3(b) which have accrued up to and including the Termination Date, subject to the
terms and conditions of the benefit plans referenced in Section 3(b), and
reimbursement of reasonable expenses incurred up to and including the
Termination Date under the terms of Section 3(c). For purposes of clauses (i)
and (ii) of this Section 4(d), any termination of your employment during the
Employment Period by the Company without Cause after or immediately before the
Company enters into a definitive agreement with a third party that results in a
Change in Control shall be deemed to be a termination of your employment by the
Company without Cause immediately after such Change in Control, and such Change
in Control shall be deemed to occur during the Employment Period.

<PAGE>

Michael F. Biehl
October 17, 2002
Page 4

         (e) Continuation of Health Benefits. If, during the Employment Period,
the Company terminates your employment without Cause, then for the duration of
the Applicable Continuation Period you shall be eligible to participate in the
Company's medical, dental and vision insurance coverage available to its
employees generally as if you were still employed by the Company, to the extent
and at the level of your participation in that coverage immediately prior to the
Termination Date, but all Company contributions or payments under that coverage
shall be subject to your fulfillment of your contribution requirements under
that coverage, and Company provision of this coverage shall cease if you obtain
comparable coverage from another employer during the Applicable Continuation
Period. If, however, your continued participation in any such insurance coverage
after the Termination Date is not possible under the terms governing such
coverage, the Company may satisfy its obligation to provide such coverage by
providing to you during the Applicable Continuation Period alternative coverage,
comparable to the coverage then available to Company employees generally, on the
terms set forth in the preceding sentence. The "Applicable Continuation Period"
means 12 months after the Termination Date if you are entitled to severance pay
under Section 4(c), and means 24 months after the Termination Date if you are
entitled to severance pay under Section 4(d).

5.       Binding Agreement; Successors. This Agreement shall inure to the
benefit of and be binding upon your personal or legal representatives,
executors, administrators, successors, heirs, distributees, devisees and
legatees. If you should die while any amounts would still be payable to you
hereunder, all such amounts, unless otherwise provided herein, shall be paid in
accordance with the terms of this Agreement to your spouse, or if your spouse
does not survive you, to your estate. This Agreement shall inure to the benefit
of and be binding upon the successors and assigns of the Company, including,
without limitation, any person acquiring directly or indirectly all or
substantially all of the assets of the Company, whether by merger,
consolidation, sale or otherwise (and such successor shall thereafter be deemed
the "Company" for the purposes of this Agreement). The Company shall require any
such successor to assume and agree to perform this Agreement.

6.       Withholding. The Company may withhold from any amounts payable under or
in connection with this Agreement all federal, state, local and other taxes as
may be required to be withheld by the Company under applicable law or
governmental regulation or ruling.

7.       Headings; Definitions. The headings contained herein are for reference
purposes only and shall not in any way affect the meaning or interpretation of
this Agreement. Certain terms used in this Agreement are defined on Appendix A
attached hereto.

8.       Entire Agreement. This Agreement contains the entire agreement between
the parties with respect to your employment and supersedes any and all other
agreements (including the letter agreement, dated July 25, 2001, between the
Company and you relating to severance pay, which is hereby terminated, but
excluding any existing stock option granted to you and any rights you may have
to indemnity), either oral or in writing, with respect to your employment.

9.       General. No provision of this Agreement may be modified, waived or
discharged unless such waiver, modification or discharge is agreed to in
writing, and is signed by you and by another officer of the Company. You may not
assign this Agreement without the consent of the Company.

<PAGE>

Michael F. Biehl
October 17, 2002
Page 5

This Agreement shall be governed by and construed in accordance with the laws of
the State of Ohio, without giving effect to conflict of law principles.

         If the foregoing correctly reflects our understanding with respect to
the matters described in this letter, please sign this letter below and return
one copy to the undersigned.

                                        CHART INDUSTRIES, INC.

                                        By: /s/ Arthur S. Holmes
                                           -------------------------------------
                                            Arthur S. Holmes
                                            Chairman and Chief Executive Officer

Agreed to and Accepted as of
the date set forth above:

/s/ Michael F. Biehl
-------------------------------
Michael F. Biehl

<PAGE>

                                   Appendix A

                              Certain Definitions

         As used in this Agreement, the following terms shall have the following
meanings:

"Cause" means a determination by the Board of Directors of the Company (without
your participation), pursuant to the exercise of its business judgment, that any
one of the following events has occurred:

         i)       You have been indicted by a state or federal grand jury of
                  committing a felony;

         ii)      The Board receives proof satisfactory to it of your commission
                  of theft or embezzlement from the Company, or any other crime
                  against the Company;

         iii)     You, for yourself or any other person, firm, corporation or
                  other entity, (a) solicit business from customers of the
                  Company, (b) divert or attempt to divert any business from the
                  Company, or otherwise interfere with the business or
                  employment relationship between the Company or any customer,
                  employee or sales representative thereof, or (c) disclose or
                  furnish to any competitor or any person, firm, corporation or
                  other entity, or use on your own behalf, any confidential or
                  secret information or data of or relating to the Company; or

         iv)      You fail or refuse or are unable to perform your services and
                  duties for the Company as Chief Financial Officer, or as
                  reasonably assigned to you by the Chief Executive Officer or
                  the Board of Directors, or commit any act of gross negligence,
                  corporate waste, disloyalty, or unfaithfulness to the Company
                  which adversely affects the business of the Company, any
                  material breach of your employment obligations hereunder, or
                  any other act or course of conduct which could reasonably be
                  expected to have an adverse effect on the Company's business
                  such as, by way of example only, intentionally causing the
                  Company to violate federal, state or local environmental,
                  labor, antitrust, or other similar laws, or sexual or other
                  illegal harassment of employees.

"Change in Control" means the occurrence at any time of any of the following
events:

         i)       The Company is merged or consolidated or reorganized into or
                  with another corporation or other legal person or entity,
                  other than a Related Person, and as a result of such merger,
                  consolidation or reorganization less than 60% of the combined
                  voting power of the then-outstanding securities of such
                  corporation, person or entity immediately after such
                  transaction is held in the aggregate by the holders of Voting
                  Stock immediately prior to such transaction;

         ii)      The Company sells or otherwise transfers all or substantially
                  all of its assets to any other corporation or other legal
                  person or entity, other than a Related Person, and less than
                  60% of the combined voting power of the then-outstanding
                  securities of such corporation, person or entity immediately
                  after such sale or transfer is held in the aggregate by the
                  holders of Voting Stock immediately prior to such sale or
                  transfer;

<PAGE>

         iii)     There is a report filed on Schedule 13D or Schedule TO (or any
                  successor schedule, form or report), each as promulgated
                  pursuant to the Exchange Act, disclosing that any person (as
                  the term "person" is used in Section 13(d)(3) or Section
                  14(d)(2) of the Exchange Act) other than a Related Person has
                  become the beneficial owner (as the term "beneficial owner" is
                  defined under Rule l3d-3 or any successor rule or regulation
                  promulgated under the Exchange Act) of securities representing
                  40% or more of the Voting Power;

         iv)      The Company files a report or proxy statement with the
                  Securities and Exchange Commission pursuant to the Exchange
                  Act disclosing in response to Form 8-K or Schedule 14A (or any
                  successor schedule, form or report or item therein) that a
                  change in control of the Company has or may have occurred or
                  will or may occur in the future pursuant to any then-existing
                  contract or transaction other than a contract or transaction
                  with a Related Person; or

         v)       If during any period of two consecutive years, individuals,
                  who at the beginning of any such period, constitute the
                  Directors cease for any reason to constitute at least a
                  majority thereof, unless the nomination for election by the
                  Company's shareholders of each new Director was approved by a
                  vote of at least a majority of the Directors then in office
                  who were Directors at the beginning of any such period.

         Notwithstanding the foregoing provisions of paragraphs (iii) and (iv)
         of this definition, a "Change in Control" shall not be deemed to have
         occurred for purposes of this Agreement (A) solely because (1) the
         Company, (2) a Related Person, (3) a Subsidiary, or (4) any
         Company-sponsored employee stock ownership plan or other employee
         benefit plan of the Company or any Subsidiary, or any entity holding
         shares of Voting Stock for or pursuant to the terms of any such plan,
         either files or becomes obligated to file a report or proxy statement
         under or in response to Schedule 13D, Schedule TO, Form 8-K or Schedule
         14A (or any successor schedule, form or report or item therein) under
         the Exchange Act, disclosing beneficial ownership by it of shares of
         Voting Stock or because the Company reports that a change in control of
         the Company has or may have occurred or will or may occur in the future
         by reason of such beneficial ownership, (B) solely because the Company
         or any other person, group or entity directly involved in the
         restructuring of the Company's capital and debt arrangements related to
         the Company's Credit Agreement, dated as of April 12, 1999, as amended,
         either files or becomes obligated to file a report on Schedule 13D,
         Schedule TO, Form 8-K or Schedule 14A (or any successor schedule, form
         or report) under the Exchange Act, disclosing beneficial ownership by
         it of shares of Voting Stock acquired from the Company in connection
         with such restructuring or because the Company reports that a change in
         control of the Company has or may have occurred or will or may occur in
         the future by reason of such transaction, but only if both (1) the
         transaction giving rise to such filing or obligation is approved in
         advance of consummation thereof by the Company's Board of Directors and
         (2) at least a majority of the Voting Power immediately after such
         transaction is held in the aggregate by the holders of Voting Stock
         immediately prior to such transaction, or (C) solely because of a
         change in control of any Subsidiary.

                                      A-2

<PAGE>

         For purposes of this definition of "Change in Control", the following
         capitalized terms shall have the following meanings:

               "Director" means a member of the Board of Directors of the
               Company.

               "Exchange Act" means the Securities Exchange Act of 1934, as
               amended, and the rules and regulations thereunder, as such law,
               rules and regulations may be amended from time to time.

               "Related Person" means (i) Arthur S. Holmes (ii) Charles S.
               Holmes, (iii) any person, group or entity controlled directly, or
               indirectly through one or more intermediaries, by Arthur S.
               Holmes or Charles S. Holmes or both of them, and (iv) any of the
               foregoing acting alone or in concert.

               "Subsidiary" means a corporation, company or other entity (i)
               more than 50 percent of whose outstanding shares or securities
               (representing the right to vote for the election of directors or
               other managing authority) are, or (ii) which does not have
               outstanding shares or securities (as may be the case in a
               partnership, joint venture or unincorporated association), but
               more than 50 percent of whose ownership interest representing the
               right generally to make decisions for such other entity is, now
               or hereafter, owned or controlled, directly or indirectly, by the
               Company.

               "Voting Power" means, at any time, the total votes relating to
               the then-outstanding securities entitled to vote generally in the
               election of Directors.

               "Voting Stock" means, at any time, the then-outstanding
               securities entitled to vote generally in the election of
               Directors.

"Disability" means your inability for a continuous period of six months to
perform the essential functions of your position hereunder on an active
full-time basis with or without reasonable accommodations by reason of a
disability condition. A certificate from a physician acceptable to both the
Company and you to the effect that you are or have been disabled and incapable
of performing the essential functions of your position with or without
reasonable accommodations for the Company as previously performed shall be
conclusive of the fact that you are incapable of performing such services and
are, or have been, disabled for the purposes of this Agreement. The Company and
you acknowledge and agree that the essential functions of your position are
unique and critical to the Company and that a disability condition that causes
you to be unable to perform the essential functions of your position under the
circumstances described above will constitute an undue hardship on the Company.

"You," "your" and similar derivations of "you" mean and refer to Michael F.
Biehl.

                                      A-3

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