Document:

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                                                                    EXHIBIT 10.1

                             CHART INDUSTRIES, INC.

                            INDEMNIFICATION AGREEMENT

               THIS INDEMNIFICATION AGREEMENT (this "Agreement") is made and
entered into effective as of the 1st day of August, 2002 by and between CHART
INDUSTRIES, INC., a Delaware corporation (the "Corporation"), and ______________
("Indemnitee"), a Director and/or Officer of the Corporation.

               WHEREAS, it is essential to the Corporation to retain and attract
as Directors and/or Officers the most capable persons available such as
Indemnitee; and

               WHEREAS, the prevalence of corporate litigation subjects
directors and officers to expensive litigation risks and it is the policy of the
Corporation to indemnify its Directors and/or Officers so as to provide them
with the maximum possible protection permitted by law; and

               WHEREAS, in addition, because the statutory indemnification
provisions of the Delaware General Corporation Law (the "DGCL") expressly
provide that such statutory indemnification provisions are non-exclusive, it is
the policy of the Corporation to indemnify its Directors and Officers who, on
behalf of the Corporation, have entered into settlements of derivative suits
provided they have not breached the applicable statutory standard of conduct;
and

               WHEREAS, Indemnitee does not regard the protection available
under the Corporation's Certificate of Incorporation (the "Certificate"),
By-laws (the "By-laws"), and insurance, if any, as adequate in the present
circumstances, and considers it necessary and desirable to his or her service as
a Director and/or Officer to have adequate protection, and the Corporation
desires to provide such protection to induce Indemnitee to serve in such
capacity; and

               WHEREAS, the DGCL provides that indemnification of directors and
officers of a corporation may be authorized by agreement, and thereby
contemplates that contracts of this nature may be entered into between the
Corporation and Indemnitee.

               NOW, THEREFORE, for good and valuable consideration, the adequacy
of which is hereby acknowledged, the Corporation and Indemnitee do hereby agree
as follows:

               1.    Agreement to Serve. Indemnitee agrees to serve or continue
to serve as a Director and/or Officer of the Corporation for so long as he or
she is duly elected or appointed or until such time as he or she tenders his or
her resignation in writing or is otherwise terminated or properly removed from
office.

               The Corporation expressly confirms and agrees that (i) it has
entered into this agreement and assumed the obligations imposed on the
Corporation hereby in order to induce Indemnitee to continue to serve as a
Director and/or Officer of the Corporation and (ii) the

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obligations imposed on the Corporation hereby cover service by Indemnitee during
and after the period with respect to Indemnitee's service on the Board of
Directors, or as an Officer, of the Corporation, including, specifically, the
period prior to the date of this Agreement. The Corporation acknowledges that
Indemnitee is relying upon this Agreement in continuing in his or her capacity
as a Director and/or Officer of the Corporation.

               2.    Definitions. As used in this Agreement:

               (a)   The term "Proceeding" shall include any threatened,
         pending, or completed action, suit, arbitration or proceeding, whether
         brought by or in the right of the Corporation or otherwise and whether
         of a civil, criminal, administrative or investigative nature, in which
         Indemnitee may be or may have been involved as a party or otherwise, by
         reason of the fact that Indemnitee is or was a Director and/or Officer
         of the Corporation or any subsidiary of the Corporation, by reason of
         any action taken by Indemnitee or of any inaction on his or her part
         while acting as such a Director and/or Officer, or by reason of the
         fact that he or she is or was serving at the request of the Corporation
         as a director, officer, member or manager, partner, trustee, employee,
         agent, or fiduciary of another corporation (domestic or foreign,
         nonprofit or for profit), limited liability company, partnership, joint
         venture, trust or other enterprise; in each case whether before or
         after the date of this Agreement and whether or not he or she is acting
         or serving in any such capacity at the time any liability or expense is
         incurred for which indemnification or reimbursement can be provided
         under this Agreement.

               (b)   The term "Expenses" shall include, without limitation,
         expenses of investigations, judicial or administrative proceedings or
         appeals, attorneys' fees and disbursements and any expenses of
         establishing a right to indemnification under Paragraph 8 of this
         Agreement, but shall not include the amount of judgments, fines or
         penalties against or settlements paid by Indemnitee.

               (c)   References to "other enterprise" shall include, without
         limitation, employee benefit plans; references to "fines" shall
         include, without limitation, any excise tax assessed with respect to
         any employee benefit plan; references to "serving at the request of the
         Corporation" shall include, without limitation, any service as a
         Director and/or Officer of the Corporation which imposes duties on, or
         involves services by, such Director and/or Officer with respect to an
         employee benefit plan, its participants or beneficiaries; and a person
         who acted in good faith and in a manner he or she reasonably believed
         to be in the best interests of the participants and beneficiaries of an
         employee benefit plan shall be deemed to have acted in a manner "not
         opposed to the best interests of the Corporation" as referred to in
         this Agreement.

               3.    Indemnity in Third-Party Proceedings. The Corporation shall
indemnify Indemnitee in accordance with the provisions of this Paragraph 3 if
Indemnitee is a party to or threatened to be made a party to or otherwise
involved in any Proceeding (other than a Proceeding by or in the right of the
Corporation to procure a judgment in its favor) by reason of the fact that
Indemnitee is or was a Director and/or Officer of the Corporation or a
subsidiary of the Corporation, or is or was serving at the request of the
Corporation as a director, officer, member or manager, partner, trustee,
employee, agent, or fiduciary of another corporation

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(domestic or foreign, nonprofit or for profit), limited liability company,
partnership, joint venture, trust or other enterprise, in each case whether
before or after the date of this Agreement, against all Expenses, judgments,
settlements, fines and penalties, actually and reasonably incurred by Indemnitee
in connection with the defense or settlement of such Proceeding, but only if
Indemnitee acted in good faith and in a manner which he or she reasonably
believed to be in or not opposed to the best interests of the Corporation and,
in the case of a criminal proceeding, had no reasonable cause to believe that
his or her conduct was unlawful. The termination of any such Proceeding by
judgment, order of court, settlement, conviction or upon a plea of nolo
contendere, or its equivalent, shall not, of itself, create a presumption that
Indemnitee did not act in good faith and in a manner which he or she reasonably
believed to be in or not opposed to the best interests of the Corporation, and
with respect to any criminal proceeding, that such person had reasonable cause
to believe that his or her conduct was unlawful.

               4.    Indemnity for Expenses in Proceedings by or in the Right of
the Corporation. The Corporation shall indemnify Indemnitee in accordance with
the provisions of this Paragraph 4 if Indemnitee is a party to or threatened to
be made a party to any Proceeding by or in the right of the Corporation to
procure a judgment in its favor by reason of the fact that Indemnitee is or was
a Director and/or Officer of the Corporation or a subsidiary of the Corporation,
or is or was serving at the request of the Corporation as a director, officer,
member or manager, partner, trustee, employee, agent, or fiduciary of another
corporation (domestic or foreign, nonprofit or for profit), limited liability
company, partnership, joint venture, trust or other enterprise, in each case
whether before or after the date of this Agreement, against all Expenses
actually and reasonably incurred by Indemnitee in connection with the defense of
such Proceeding, but only if he or she acted in good faith and in a manner which
he or she reasonably believed to be in or not opposed to the best interests of
the Corporation, except that no indemnification for Expenses shall be made under
this Paragraph 4 in respect of any claim, issue or matter as to which Indemnitee
shall have been adjudged by court order or judgment to be liable to the
Corporation, unless and only to the extent that any court in which such
Proceeding was brought shall determine upon application that, despite the
adjudication of liability but in view of all the circumstances of the case,
Indemnitee is fairly and reasonably entitled to indemnity for such expenses as
such court shall deem proper.

               5.    Indemnity for Amounts Paid in Settlement in Proceedings by
or in the Right of the Corporation. The Corporation shall indemnify Indemnitee
in accordance with the provisions of this Paragraph 5 if Indemnitee is a party
to or threatened to be made a party to any Proceeding by or in the right of the
Corporation to procure a judgment in its favor by reason of the fact that
Indemnitee is or was a Director and/or Officer of the Corporation or a
subsidiary of the Corporation, or is or was serving at the request of the
Corporation as a director, officer, member or manager, partner, trustee,
employee, agent, or fiduciary of another corporation (domestic or foreign,
nonprofit or for profit), limited liability company, partnership, joint venture,
trust or other enterprise, in each case whether before or after the date of this
Agreement, against all amounts actually and reasonably paid in settlement by
Indemnitee in connection with any such Proceeding, but only if he or she acted
in good faith and in a manner which he or she reasonably believed to be in or
not opposed to the best interests of the Corporation.

               6.    Indemnification of Expenses of Successful Party.
Notwithstanding any other provision of this Agreement, to the extent that
Indemnitee has been successful on the

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merits or otherwise in defense of any Proceeding or in defense of any claim,
issue or matter therein, including dismissal without prejudice, Indemnitee shall
be indemnified against all Expenses incurred in connection therewith.

               7.    Advances of Expenses. Any Expenses incurred by or on behalf
of Indemnitee pursuant to Paragraphs 3 or 4 in any Proceeding shall be paid by
the Corporation in advance upon the written request of Indemnitee if Indemnitee
shall undertake to (a) repay such amount to the extent that it is ultimately
determined that Indemnitee is not entitled to indemnification hereunder, and (b)
reasonably cooperate with the Corporation concerning the action, suit or
proceeding giving rise to the Expenses. Any advances to be made under this
Paragraph 7 shall be paid by the Corporation to Indemnitee within 30 days
following delivery of a written request therefor by Indemnitee to the
Corporation.

               8.    Procedure. Any indemnification and advances provided for in
Paragraph 3, 4, 5 and 6 shall be made no later than 30 days after receipt of the
written request of Indemnitee. If a claim under this Agreement, under any
statute, or under any provision of the Corporation's Certificate or its By-laws
providing for indemnification, is not paid in full by the Corporation within 30
days after a written request for payment thereof has first been received by the
Corporation, Indemnitee may, but need not, at any time thereafter bring an
action against the Corporation to recover the unpaid amount of the claim and,
subject to the other provisions of this Agreement, Indemnitee shall also be
entitled to be paid for the Expenses of bringing such action. It shall be a
defense to any such action (other than an action brought to enforce a claim for
expenses incurred in connection with any action, suit or proceeding in advance
of its final disposition) that Indemnitee has not met the standards of conduct
that make it permissible under applicable law for the Corporation to indemnify
Indemnitee for the amount claimed, but the burden of proving such defense shall
be on the Corporation and Indemnitee shall be entitled to receive advance
payments of expenses pursuant to Paragraph 7 hereof unless and until such
defense may be finally adjudicated by court order or judgment from which no
further right of appeal exists. It is the parties' intention that if the
Corporation contests Indemnitee's right to indemnification, the question of
Indemnitee's right to indemnification shall be for the court or arbitrator, as
applicable, to decide, and neither the failure of the Corporation (including its
Board of Directors, any committee or subgroup of the Board of Directors,
independent legal counsel or its stockholders) to have made a determination that
indemnification of Indemnitee is proper in the circumstances because Indemnitee
has met the applicable standard of conduct required by applicable law, nor an
actual determination by the Corporation (including its Board of Directors, any
committee or subgroup of the Board of Directors, independent legal counsel, or
its stockholders) that Indemnitee has not met such applicable standard of
conduct, shall create a presumption that Indemnitee has or has not met the
applicable standard of conduct.

               9.    Allowance for Compliance with SEC Requirements. Indemnitee
acknowledges that the Securities and Exchange Commission ("SEC") has expressed
the opinion that indemnification of directors and officers from liabilities
under the Securities Act of 1933, as amended (the "Act"), is against public
policy as expressed in the Act and, is therefore, unenforceable. Indemnitee
hereby agrees that it will not be a breach of this Agreement for the Corporation
to undertake with the SEC in connection with the registration for sale of any
stock or other securities of the Corporation from time to time that, in the
event a claim for indemnification against such liabilities (other than the
payment by the Corporation of expenses

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incurred or paid by a director or officer of the Corporation in the successful
defense of any action, suit or proceeding) is asserted in connection with such
stock or other securities being registered, the Corporation will, unless in the
opinion of its counsel the matter has been settled by controlling precedent,
submit to a court of competent jurisdiction on the question of whether or not
such indemnification by it is against public policy as expressed in the Act and
will be governed by the final adjudication of such issue. Indemnitee further
agrees that such submission to a court of competent jurisdiction shall not be a
breach of this Agreement.

               10.   Indemnification Hereunder Not Exclusive. The
indemnification provided by this Agreement shall not be deemed exclusive of any
other rights to which Indemnitee may be entitled under the Certificate or the
By-laws of the Corporation, any agreement, any vote of stockholders or
disinterested directors, the DGCL, or otherwise, both as to action in his or her
official capacity and as to action in another capacity while holding such
office.

               The indemnification under this Agreement for any action taken or
not taken while serving in an indemnified capacity shall continue as to
Indemnitee even though he or she may have ceased to be a Director and/or Officer
and shall inure to the benefit of the heirs, executors and personal
representatives of Indemnitee.

               11.   Partial Indemnification. If Indemnitee is entitled under
any provision of this Agreement to indemnification by the Corporation for some
claims, issues or matters, but not as to other claims, issues or matters, or for
some or a portion of the Expenses, judgments, fines or penalties actually and
reasonably incurred by Indemnitee or amounts actually and reasonably paid in
settlement by Indemnitee in the investigation, defense, appeal or settlement of
any Proceeding, but not for the total amount thereof, the Corporation shall
nevertheless indemnify Indemnitee for the portion of such claims, issues or
matters or Expenses, judgments, fines, penalties or amounts paid in settlement
to which Indemnitee is entitled.

               12.   No Rights of Continued Employment. Nothing contained in
this Agreement is intended to create in Indemnitee any right to continued
employment.

               13.   Reimbursement to Corporation by Indemnitee; Limitation on
Amounts Paid by Corporation. To the extent Indemnitee has been indemnified by
the Corporation hereunder and later receives payments from any insurance carrier
covering the same Expenses, judgments, fines, penalties or amounts paid in
settlement so indemnified by the Corporation hereunder, Indemnitee shall
immediately reimburse the Corporation hereunder for all such amounts received
from the insurer.

               Notwithstanding anything contained herein to the contrary,
Indemnitee shall not be entitled to recover amounts under this Agreement which,
when added to the amount of indemnification payments made to, or on behalf of,
Indemnitee, under the Certificate or By-laws of the Corporation, in the
aggregate exceed the Expenses, judgments, fines, penalties and amounts paid in
settlement actually and reasonably incurred by Indemnitee ("Excess Amounts"). To
the extent the Corporation has paid Excess Amounts to Indemnitee, Indemnitee
shall be obligated to reimburse the Corporation for such Excess Amounts.

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               Notwithstanding anything contained herein to the contrary, the
Corporation shall not be obligated under the terms of this Agreement, to
indemnify Indemnitee:

               (a)   or advance expenses to Indemnitee with respect to
proceedings or claims initiated or brought voluntarily by Indemnitee and not by
way of defense, except with respect to Proceedings brought to establish or
enforce a right to indemnification under this Agreement or any other statute or
law or otherwise as required under Section 145 of the DGCL, but such
indemnification or advancement of expenses may be provided by the Corporation in
specific cases if the Board of Directors finds it appropriate;

               (b)   if it is proved by final judgment in a court of law or
other final adjudication to have been based upon or attributable to Indemnitee
in fact having gained any personal profit or advantage to which he or she was
not legally entitled;

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

               (d)   for a disgorgement of profits made from the purchase and
sale by the Indemnitee of securities pursuant to Section 16(b) of the Securities
Exchange Act of 1934, as amended, or similar provisions of any state statutory
law or common law; or

               (e)   for any judgment, fine or penalty which the Corporation is
prohibited by applicable law from paying as indemnity or for any other reason.

               14.   Scope. Notwithstanding any other provision of this
Agreement, the Corporation hereby agrees to indemnify Indemnitee to the fullest
extent permitted by law, notwithstanding that such indemnification is not
specifically authorized by the other provisions of this Agreement, the
Corporation's Certificate, its By-laws, or by statute. In the event of any
change, after the date of this Agreement, in any applicable law, statute, or
rule which expands the right of a Delaware corporation to indemnify a member of
its board of directors or an officer, such change shall be deemed to be within
the purview of Indemnitee's rights and the Corporation's obligations under this
Agreement. In the event of any change in any applicable law, statute or rule
which narrows the right of a Delaware corporation to indemnify a member of its
board of directors or an officer, such change, to the extent not otherwise
required by such law, statute or rule to be applied to this Agreement, shall
have no effect on this Agreement or the parties' rights and obligations
hereunder.

               15.   Notice to Insurers. If, at the time of the receipt of a
written request of Indemnitee pursuant to Paragraph 8 hereof, the Corporation
has director and officer liability insurance in effect, the Corporation shall
give prompt notice of the commencement of such proceeding to the insurers in
accordance with the procedures set forth in the respective policies. The
Corporation shall thereafter take all necessary or desirable action to cause
such insurers to pay, on behalf of Indemnitee, all amounts payable as a result
of such proceeding in accordance with the terms of such policies.

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               16.   Selection of Counsel. In the event the Corporation shall be
obligated under Paragraphs 3, 4, 5, or 6 hereof to pay the expenses of any
Proceeding against Indemnitee, the Corporation, if appropriate, shall be
entitled to assume the defense of such Proceeding, with counsel approved by
Indemnitee, which approval shall not be unreasonably withheld or delayed, upon
delivery to Indemnitee of written notice of the Corporation's election to do so.
After delivery of such notice, approval of such counsel by Indemnitee and the
retention of such counsel by the Corporation, the Corporation will not be liable
to Indemnitee under this Agreement for any fees of counsel subsequently incurred
by Indemnitee with respect to the same proceeding, provided that: (a) Indemnitee
shall have the right to employ his or her own counsel in any such proceeding at
Indemnitee's expense; and (b) if (i) the employment of counsel by Indemnitee has
been previously authorized by the Corporation, or (ii) the Corporation shall
not, in fact, have employed counsel to assume the defense of such proceeding,
then the fees and expenses of Indemnitee's counsel shall be at the expense of
the Corporation.

               17.   Arbitration. With the exception of the provisions of
Paragraph 9 hereof, any dispute, controversy or claim between Indemnitee and the
Corporation arising out of or relating to or concerning the provisions of this
Agreement, shall be finally settled by arbitration in the City of Cleveland,
State of Ohio, before a single arbitrator agreeable to both parties. If the
parties cannot agree on a designated arbitrator, arbitration shall proceed in
the City of Cleveland, State of Ohio, before an arbitrator appointed by the
American Arbitration Association (the "AAA"). In either case, the arbitration
proceeding shall commence promptly in accordance with the commercial arbitration
rules of the AAA then in effect and the arbitrator shall be an attorney other
than an attorney who has, or is associated with a firm having associated with it
an attorney who has been retained by or performed services for the Corporation
or Indemnitee at any time during the five years preceding the commencement of
the arbitration. The award shall be rendered in such form that judgment may be
entered thereon in any court having jurisdiction thereof.

               18.   Continuation of Rights and Obligations. All rights and
obligations of the Corporation and Indemnitee hereunder shall continue in full
force and effect despite the subsequent amendment or modification of the
Corporation's Certificate or By-laws, as such are in effect on the date hereof,
and such rights and obligations shall not be affected by any such amendment or
modification, any resolution of directors or stockholders of the Corporation, or
by any other corporate action which conflicts with or purports to amend, modify,
limit or eliminate any of the rights or obligations of the Corporation and/or
Indemnitee hereunder.

               19.   Amendment and Modification. This Agreement may only be
amended, modified or supplemented by the written agreement of the Corporation
and Indemnitee.

               20.   Assignment. This Agreement shall not be assigned by the
Corporation or Indemnitee without the prior written consent of the other party
thereto, except that the Corporation may freely assign its rights and
obligations under this Agreement to any subsidiary for whom Indemnitee is
serving as a director and/or officer thereof; provided, however, that no
permitted assignment shall release the assignor from its obligations hereunder.
Subject to the foregoing, this Agreement and all of the provisions hereof shall
be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns, including, without limitation, any successor
to the Corporation by way of merger, consolidation and/or sale or disposition of
all or substantially all of the capital stock of the Corporation.

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               21.   Saving Clause. If this Agreement or any portion thereof
shall be invalidated on any ground by any court of competent jurisdiction, the
Corporation shall nevertheless indemnify Indemnitee as to Expenses, judgments,
fines, penalties and amounts paid in settlement with respect to any Proceeding
to the full extent permitted by any applicable portion of this Agreement that
shall not have been invalidated or by any other applicable law.

               22.   Counterparts. This Agreement may be executed in two or more
fully or partially executed counterparts each of which shall be deemed an
original binding the signer thereof against the other signing parties, but all
counterparts together shall constitute one and the same instrument. Executed
signature pages may be removed from counterpart agreements and attached to one
or more fully executed copies of this Agreement. The parties may execute and
deliver this Agreement by facsimile signature, which shall have the same binding
effect as an original ink signature.

               23.   Notice and Information. Indemnitee shall, as a condition
precedent to his or her right to be indemnified under this Agreement, give to
the Corporation notice in writing as soon as practicable of any claim made
against him or her for which indemnity will or could be sought under this
Agreement. Notice to the Corporation shall be directed to the Corporation at
5885 Landerbrook Drive, Suite 150, Cleveland, Ohio 44124 Attention: President
(or such other address as the Corporation shall designate in writing to
Indemnitee). Notice shall be deemed received three days after the date
postmarked if sent by prepaid mail, properly addressed. In addition, Indemnitee
shall give the Corporation such information and cooperation as it may reasonably
require within Indemnitee's power.

               24.   Applicable Law. All matters with respect to this Agreement,
including, without limitation, matters of validity, construction, effect and
performance shall be governed by the internal laws of the State of Delaware
applicable to contracts made and to be performed therein between the residents
thereof (regardless of the laws that might otherwise be applicable under
principles of conflicts of law).

                           [Signature Page to Follow.]

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                  IN WITNESS WHEREOF, the parties hereby have caused this
Agreement to be duly executed and signed as of the day and year first above
written.

                                          THE CORPORATION:

                                          CHART INDUSTRIES, INC.

                                          By:___________________________________
                                             Arthur S. Holmes, Chairman and
                                             Chief Executive Officer

                                          INDEMNITEE:

                                          ______________________________________
                                          Print Name: __________________________

                                        9<PAGE>

                                                                   EXHIBIT 10.11

                                    AGREEMENT

                                     Between
                              CHART STORAGE SYSTEMS
                             Plaistow, New Hampshire
          member of Chart Industries Cryogenic Storage Systems Division

                                     and the

                          International Brotherhood of
                        Boilermakers, Iron Ship Builders,
                         Blacksmiths, Forgers & Helpers
                       Local Lodge No. 752 of the AFL-CIO
                             Plaistow, New Hampshire

                                 Effective date:
                    September 1, 2002 through August 31, 2003

<PAGE>

<TABLE>
<CAPTION>
ARTICLE INDEX
PAGE
<S>                                                                             <C>
     I. Union Recognition ....................................................   1
    II. Function of Management ...............................................   1
   III. Relationship .........................................................   2
    IV. Definitions ..........................................................   2
     V. Non-Discrimination ...................................................   2
    VI. New - Temporary Employees . ..........................................   3
   VII. Union Security .......................................................   4
  VIII. Payroll Deduction of Union Dues ......................................   4
    IX. Work Schedules .......................................................   5
     X. Job Openings .........................................................   6
    XI. Shift Operations .....................................................   7
   XII. Wages ................................................................   8
  XIII. Overtime .............................................................  10
   XIV. Holidays .............................................................  11
    XV. Vacation .............................................................  13
   XVI. Hospitalization, Medical and Dental ..................................  15
  XVII. Pension ..............................................................  17
 XVIII. Safety and Sanitation - First Aid ....................................  18
   XIX. Seniority, Lay-Off ...................................................  20
    XX. Attendance ...........................................................  21
   XXI. Disciplinary Action ..................................................  23
  XXII. Grievance Procedure ..................................................  24
 XXIII. Arbitration ..........................................................  25
  XXIV. Union Representatives ................................................  25
   XXV. Sub-Contracting ......................................................  27
  XXVI. Maintenance of Work Operations .......................................  27
 XXVII. Information to Union .................................................  28
XXVIII. 401 (k) Savings and Investment Program ...............................  29
  XXIX. Profit Sharing .......................................................  29
   XXX. Severance Pay ........................................................  31
  XXXI. Contract Limitations .................................................  32
Appendix A. Training Program .................................................  34
Schedule A. Notes ............................................................  36
Schedule B. Wage Rates .......................................................  37
</TABLE>

                                      -i-

<PAGE>

<TABLE>
<CAPTION>
ARTICLE INDEX by TOPIC                                                    PAGE
<S>                               <C>                                    <C>
401(k) Savings and
     Investment Program.................Article XXVIII..................... 29

                                              A
Arbitration..............................Article XXIII..................... 25
Attendance..................................Article XX.................. 21-23

                                              B
Bereavement Benefit...............Article VII, (Sec 9)...................... 9

                                              C
Contract Limitations......................Article XXXI..................... 32

                                              D
Definitions.................................Article IV...................... 2
Dental, Medical and
     Hospitalization......................Article XVI................... 15-17
Disciplinary Action........................Article XXI..................... 23

                                              E

Employees, New
     and Temporary..........................Article VI.................... 3-4

                                              F

First Aid -
     Safety and Sanitation...............Article XVIII.................. 18-20
Function of Management......................Article II...................... 1

                                              G
Grievance Procedure.......................Article XXII..................... 24

                                              H
Holidays...................................Article XIV.................. 11-12
Hospitalization, Medical
     and Dental............................Article XVI.................. 15-17

                                              I
Information to the Union.................Article XXVII..................... 28
</TABLE>

                                       ii

<PAGE>

<TABLE>
<CAPTION>
ARTICLE INDEX by TOPIC                                              PAGE
<S>                                                                 <C>
                                        J
Job Classifications ...................Article X..................... 7
Job Openings ..........................Article X................... 6-7

                                        L
Layoff - Seniority ..................Article XIX................. 20-21

                                        M

Maintaining of Work
     Operations ....................Article XXVI.................... 27
Management, Function of ..............Article II..................... 1
Medical, Hospitalization
     and Dental .....................Article XVI................. 15-17

                                        N

New and Temporary
     Employees .......................Article VI................... 3-4
Non-discrimination ....................Article V..................... 2
Notes ..............................Schedule "A".................... 36

                                        O
Overtime ...........................Article XIII................. 10-11

                                        P
Payroll Deductions of
     Union Dues ....................Article VIII................... 4-5
Pension ............................Article XVII.................... 17
Premium Machines ...................Schedule "A".................... 39
Profit Sharing .....................Article XXIX................. 29-30

                                        R

Relationship ........................Article III..................... 1
Representatives, Union .............Article XXIV................. 25-27
</TABLE>

                                      iii

<PAGE>

<TABLE>
<CAPTION>
ARTICLE INDEX by TOPIC                                        .....PAGE
<S>                                                           <C>
                                        S
Safety and Sanitation -
     First Aid .....................Article XVIII ............... 18-20
Security, Union ......................Article VII ................... 4
Seniority - Layoff ...................Article XIX ............... 20-21
Severance Pay ........................Article XXX .................. 31
Shift Operations ......................Article XI ................... 7
Signature Page ..................................................... 33
Sub-contracting ......................Article XXV .................. 27

                                        T

Table of Contents ................................................... I
Training Program ......................Appendix A ............... 34-35

                                        U
Union Recognition ......................Article I ................... 1
Union, Information to ..............Article XXVII .................. 28
Union - Representatives .............Article XXIV ............... 25-27
Union Security .......................Article VII ................... 4
Union Dues,

     Payroll Deductions of ..........Article VIII ................. 4-5

                                        V
Vacation ..............................Article XV ............... 13-15

                                        W
Wages ................................Article XII ................ 8-10
Wage Rates, Union ...................Schedule "B" .................. 37
Work Schedules ........................Article IX ................. 5-6
Work Operations,
     Maintaining of .................Article XXVI .................. 27
</TABLE>

                                      -iv-

<PAGE>

                                    ARTICLE I
                                UNION RECOGNITION

Section 1. The Employer recognizes the Union as the sole collective bargaining
agency for all employees coming within the category of the appropriate unit with
such respect to wages, hours and working conditions. Such appropriate unit is as
follows:

All production and maintenance Employees including Working Leadmen, Truck
Drivers, but excluding Draftsmen, Technical Engineers, Foremen, Assistant
Foremen, Supervisory Employees having the right to hire and fire, and Office and
Clerical Employees.

Section 2. The Employer agrees to employ only Employees in the classifications
set forth in Schedule "B" in the performance of the work included within the
scope of this agreement.

Section 3. No Foremen or Assistant Foremen shall work with the tools except for
the purpose of instructing or correcting Employees. The following Supervisors
are exempt from this requirement: Test Supervisor to operate Mass Spectrometer
only; Maintenance Supervisor and Assistant Supervisor for breakdown, repair and
installation of new equipment.

                                   ARTICLE II
                             FUNCTION OF MANAGEMENT

Section 1. The Union agrees that the function of Management rests solely with
the Company, and further agrees that it will not interfere with the Company's
free exercise of this right except where the Company specifically is limited in
the Articles or Sections of this Contract.

Section 2. Foremen, Assistant Foremen, Supervisors, Coaches, Lead persons, Group
Leaders, and Team leaders in all departments shall be selected by the Employer.

                                   ARTICLE III
                                  RELATIONSHIP

Section 1. The parties of the Agreement recognize that stability in wages and
working conditions and competency of workers are essential to the best interest
of the industry and public, and agree to strive to eliminate all factors which
tend toward unstabilizing these conditions. The parties further agree to
cooperate fully in carrying out the intent of this Section.

                                        1

<PAGE>

Section 2. It is hereby agreed that a Committee consisting of two (2)
representatives of the Company, the Plant Manager and two (2) representatives of
the International Brotherhood of Boilermakers, Iron Ship Builders, Blacksmiths,
Forgers and Helpers of America, AFL-CIO, Local 752, and Employees of the Company
to be known as the Labor Management Production Committee, shall be established
and meet to discuss and devise ways and means to effectuate maximum production
which is mutually desired. A meeting shall be called by the Plant Manager at
least once a quarter and he shall preside as Chairman.

                                   ARTICLE IV
                                   DEFINITIONS

Section 1. As used in the Agreement, the term "Employee" means an Employee who
is included in the appropriate unit as above defined and the term "Employees"
means two (2) or more such employees.

                                    ARTICLE V
                               NON-DISCRIMINATION

Section 1. The Company or the Union shall not discriminate against employees
because of color, race, sex, religious affiliation, nationality, age, sexual
orientation, handicap or status as a disabled veteran or Vietnam era veteran, as
prescribed by applicable state or federal law. Pronouns in the male gender
appearing in this Agreement are intended to include the female gender.

                                   ARTICLE VI
                           NEW AND TEMPORARY EMPLOYEES

Section 1. The Company agrees that all new Employees shall be given a copy of
this Agreement.

Section 2. All new employees shall complete their first ninety (90) days of work
as Probationary Employees and shall be subject to discharge within that period
at the discretion of the Employer without recourse to the grievance procedure of
the Agreement.

Section 3. New Employees are not eligible for a paid holiday until completing
thirty (30) days of work.

Section 4. New Employees may be retained on the first shift for a period of
thirty (30) days of work. Thereafter they shall be subject to the seniority
rules. No Employee shall be transferred to another shift to accommodate any new
hire.

                                       -2-

<PAGE>

Section 5. New Employees become covered for benefits on the first of the month
following completion of forty-five (45) days of work.

Section 6. Temporary employees shall be defined as employees who are hired to
fill short term production work not to exceed (6) six calendar months. This
process is not meant to replace the regular hiring process. Temporary employees
may become full time employees if a need exists beyond (6) six calendar months.

Temporary employees will be hired under the following conditions:

1.  Where a need exists within a classification, temporary employees may be
    hired to fill the need provided no employees within the classification are
    on layoff, and there are no qualified employees within the other
    classifications working or on lay-off.

2.  The probationary period for temporary employees will be no longer than 6
    calendar months.

3.  Temporary employees will not be subject to Union dues in the first 30 days
    and shall not participate in the following specific contractual benefits,
    namely: Holiday pay, vacation pay, pension benefits, insurance benefits,
    sickness and accident coverages (except statutory Worker's Compensation) and
    hospitalization coverage.

4.  All qualified employees will be given the opportunity to work overtime
    before temporary employees are asked to work overtime.

5.  Temporary employees may be assigned to first shift for up to 30 days for
    orientation. Thereafter, they will be assigned to another shift as
    production needs dictate. No full time employee will be displaced from their
    regular shift by a temporary employee.

                                   ARTICLE VII
                                 UNION SECURITY

Section 1. As a condition of employment, all present Employees must become and
remain members of the Union thirty (30) days after the signing of this
Agreement, and all future Employees hired by the Company.

                                        3

<PAGE>

                                  ARTICLE VIII
                        PAYROLL DEDUCTIONS OF UNION DUES

Section 1. The Company shall, upon the written order signed by any Employee
directing the Company to do so, deduct from the second pay of such Employees for
each month, the amount of dues payable by such Employee to the Union for the
succeeding months. This written order, being signed voluntarily, shall be
irrevocable unless such rights be waived by the Union concerned, for a term of
this Agreement, and is in compliance with the applicable laws. The amount of the
Union's dues will be set forth under the Seal of The Union and presented to the
Company immediately subsequent to the signing of this agreement. The Company
shall, on or before the first day of each succeeding month, remit the amount
thereof to the proper officers of the Union. The Union shall, from time to time,
furnish the Company a certificate of the president or other qualified officers
of the Union to whom such amounts shall be remitted.

Section 2. In the application of Section 1 above, when the Employer is notified
by the Union in writing that an Employee is delinquent in the payment of Union
dues, reinstatement fee, or has failed to make proper application or pay the
initiation fee required, the Employer shall, upon notice from the local Union,
terminate such Employee.

Section 3. The Union shall hold the Company harmless from any and all liability
resulting from the Company's discharge of any Employee at the request of the
Union as defined in Section 2, Article VIII above.

                                   ARTICLE IX
                                 WORK SCHEDULES

Section 1. Employees must be at their regular work station at the start of the
shift.

Section 2. The normal work week shall consist of five (5) days: Monday through
Friday inclusive for the first and second shift; and Sunday through Thursday
inclusive for the third shift. it is understood that all hours and days of work
shall be consecutive.

Section 3. Shift work will be permitted in all classifications. A 10% premium
over and above the hourly rate shall be allowed for second and third shifts.

                                        4

<PAGE>

The shifts may consist of one day and two night shifts. The regular working
hours are as follows:

  1st Shift ..............................   6:30 a.m. - 3:00 p.m.

  2nd Shift ..............................  3:00 p.m. - 11:30 p.m.

  3rd Shift ..............................  10:30 p.m. - 7:00 a.m.
Unpaid lunch periods:

  1st Shift .............................. 12:00 noon - 12:30 p.m.

  2nd Shift ..............................   8:00 p.m. - 8:30 p.m.

  3rd Shift ..............................   2:30 a.m. - 3:00 a.m.

If more than 120 employees are on a shift, the employer may stagger lunch
periods.

Section 4. A 10-minute coffee break will be allowed during the first half of
each shift.

Section 5. Employees shall be permitted five (5) minutes to put away their tools
and wash up at the end of each shift.

                                    ARTICLE X
                                  JOB OPENINGS

Section 1. The Company shall post all job openings except in the General
Helper's classification for a period of one (1) week. All bids shall be closed
at the end of this week. The senior employee shall have preference for these
jobs providing he/she has the qualifications to do the job with a minimum amount
of in-house training by the Company. Job bids must be submitted in duplicate by
the Employee to the Personnel Manager with the Shop Steward retaining a copy. In
the event the successful job bidder cannot perform the job with a minimum amount
of in-house training by the Company, (not less than three (3) weeks) he/she
shall then be returned to the classification and area he/she came from.

A successful job bidder shall retain his/her seniority in his/her old
classification for one (1) year before his/her past seniority is applicable to
his/her new classification.

An employee must have one (1) year or more of service in his/her classification
to exercise a job bid.
If an Employee's qualifications are in dispute, the Company will then resolve
this matter

                                        5

<PAGE>

with the Shop Committee. This Section is not intended, and shall not be
construed to deny the Company the right to hire qualified employees for job
openings if, in the opinion of the Company, no qualified Employee exists within
its employ.

In the event the Company hires from the outside to fill a job bid where no
qualified Employee was available, the Company shall show the new hire's record
and qualifications to the Shop Committee for their verification prior to the new
hire reporting for work.

                                   ARTICLE XI
                               JOB CLASSIFICATIONS

Section 1. Although all employees have specific job classifications, any
employee may be assigned to any job and will be paid at their regular rate. An
employee may be assigned to any job and will be paid at their regular rate. An
employee may request a Shop Committee hearing after three (3) months in a job
outside of his classification if unsatisfied with the work. The Company will
work with the individual to satisfy his concerns and will transfer him back to
their classification no more than two (2) months after the hearing.

                                   ARTICLE XII
                                SHIFT OPERATIONS

Section 1. When an Employee has his/her shift changed during the work week
he/she shall receive time and one-half for the first day of the new shift. When
he/she returns to his/her original shift he/she receives only straight time.
There shall be no time and one-half for any shift change occurring over the
weekend. Shift assignment shall be by seniority in a classification. The Company
shall give forty-eight (48) hours' notice to any Employee who is being
transferred to another shift. Employees may exercise shift preference every
twelve (12) months if so desired. Transfer must be made within a two (2) week
period. An employee must have been employed one (1) year before exercising shift
preference.

Employees who will be so assigned by management to a different shift because of
a need for skills and efficiency of the operation will do so for no more than
120 calendar days.

                                        6

<PAGE>

                                  ARTICLE XIII
                                      WAGES

Section 1. Effective September 1, 2002 through August 31, 2003, base wages will
be increased 2.5%/hr. across the board.

Section 2. The Employer agrees to pay to its Employees, and the Union agrees
that it will accept, the wage scale for the various classifications set forth
and contained in the Schedule of Wages in Schedule "B" attached hereto.

Section 3. There shall be no reduction in wages during the life of this
agreement.

Section 4. All Union requests for Wage Increases will be submitted by the Union
and administered by the Company as to approval or disapproval within two (2)
weeks after being submitted.

Section 5. Employees properly reporting for work shall receive a minimum of four
(4) hours' pay. This Section shall not apply where Employees are not put to work
by reason of an Act of God or on occasions when the Company has acted promptly
to proceed with the necessary repairs to factory buildings and/or equipment. The
foregoing requirements shall not be applicable where the Employee voluntarily
quits, is discharged, goes home sick, or is excused from work for personal
reasons, in which event he/she shall be paid only for actual hours worked.

Section 6. All work performed away from the plant requiring overnight stays will
be paid at the rate of $1.00/hour above the applicable shop rate. Work performed
away from the plant during day trips will be paid at the rate of $.50/hour above
the applicable shop rate. Mileage, if an employee's car is used, will be paid at
the rate allowed by the IRS per mile [current rate (9/02) is $0.365/mile].

Section 7. Management will review the wages of each Employee under the maximum
of their classification for each six (6) months period in which the Employee has
not had a wage increase. Should an Employee not demonstrate, during the six (6)
month review period, sufficient improvement over his/her last review to justify
an increase he/she shall be reviewed again in ninety (90) days. The minimum
increase, if granted, shall be fifteen cents ($0.15) per hour.

Shop Stewards, when requesting a Review, must make the request two (2) weeks in
advance of the requested effective date. The increase, if granted, shall be
retroactive to the requested effective date. Each Employee has a right to
challenge his/her review with his/her Supervisor or Coach.

                                        7

<PAGE>

In order to ensure the orderly progression of new employees through the Job
classification apprentice training process, the actions in Appendix A will be
taken.

Section 8. When an Employee is called to Jury Duty the Company shall make up the
difference in pay at the Employee's regular rate. A day of Jury Duty is defined
as any day for which the Employee is required to appear, regardless of having
served, certified by a written statement from the Court.

Section 9. An employee beyond the probationary period, who is working at the
time, will be granted three (3) regular working days off with pay in the event
of a death in the employee's immediate family. Immediate family is defined as
the employee's wife, husband, father, mother, son, daughter, brother, sister,
foster parents, father-in-law or mother-in-law.

An employee may take the time off with pay later than the day of death or
funeral if circumstances warrant and are a direct result of the death. An
employee beyond the probationary period, who is working at the time, will be
granted one (1) regular work day off with pay to attend the funeral of a
grandparent or grandchild of the employee.

An absence for the purpose of attending the funeral of a relative, when evidence
is acceptable to Personnel, shall be excused.

Section 11. Employees who have given long and faithful service and have become
unable to handle heavy work due to age shall be given preference in such light
work as they may be able to perform at a rate of pay commensurate with the
classification in which they will be employed.

                                   ARTICLE XIV
                                    OVERTIME

Section 1. All work in excess of eight (8) hours in any one work day, forty (40)
hours in any one week, or on Saturday shall be paid at the rate of time and
one-half; all work performed on Sundays shall be paid at the rate of double
time; on a paid holiday, time and one-half extra if worked. No Employee shall be
paid both daily and weekly overtime for the same hours worked.

Section 2. Should an Employee be required to work over ten (10) hours in any one
day he/she will be allowed one-half (1/2) hour paid lunch period.

Section 3. The Company will attempt to distribute all overtime work as equally
as possible among the Employees in their respective shifts. All overtime shall
be worked on a voluntary basis. Where there are no qualified Employees available
to perform the work the Company will authorize other means to get the work done.
Before taking action, the

                                        8

<PAGE>

Company will consult with the Chief Steward or in his/her absence, an available
Steward who, with the Company, will mutually attempt to make available the
qualified Employee(s) necessary to perform the work.

It is agreed that any Employee who has agreed to report for overtime work after
having been asked, but does not report for work as agreed to, shall forfeit
his/her right to overtime work for one (1) month unless he/she can offer an
acceptable, reasonable excuse to the Company. Any Employee who refuses overtime
work when requested shall be considered as having worked, for the purpose of
overtime distribution.

Section 4. If there is overtime work on a job that an Employee or Employees have
been working straight time on, these Employees will continue on the job and
receive the overtime, including Saturday and Sunday. The Chief Steward or
Business Manager shall receive a complete list of all Employees scheduled to
work on Saturday, Sunday and holidays.

Section 5. There shall be one (1) Steward for each twenty (20) employees working
a Saturday, Sunday or holiday. If a Steward within the group refuses the work,
any Union Official within the group may be counted towards meeting the above
requirements, or the Union may designate an Acting Steward from among those
Union Employees at work. In no event shall the total number of Stewards working
exceed the number of Stewards in the Shop. When Employees are asked to work
overtime and there are no Stewards working the Shift they are held over to, the
provisions above for Saturday, Sunday and holiday work shall apply.

Section 6. Any Employee called to work at any other time than his/her regular
shift shall be paid time and one-half for work.

Section 7. Employees shall not be required to take time off because of overtime
work unless required to do so by state or federal regulations. When an Employee,
due to lack of work, is temporarily assigned to another classification carrying
a lower rate, his/her wage rate shall not be reduced for a period of thirty (30)
days of work. At the expiration of this period the Employee shall have the
option to accept the lower rate of pay or take a lay-off due to lack of work in
his/her classification. Temporary assignment to lower paying jobs shall be by
seniority only.

Section 8. When overtime is requested, the Employee shall be given three (3)
hours' notice except in case of emergency or where it was impossible to inform
the Employee within the time limit.

                                        9

<PAGE>

                                   ARTICLE XV
                                    HOLIDAYS

Section 1. The following shall be recognized holidays with pay.

========================================================================
           HOLIDAY            2002       2003
------------------------------------------------------------------------
New Year's Day              ---        Jan 1
------------------------------------------------------------------------
Washington's Birthday       ---        Feb 17
------------------------------------------------------------------------
Memorial Day                ---        May 26
------------------------------------------------------------------------
Independence Day            ---        July 4
------------------------------------------------------------------------
Labor Day                   Sept. 2
------------------------------------------------------------------------
Columbus Day                Oct. 14
------------------------------------------------------------------------
Veterans' Day               Nov. 11
------------------------------------------------------------------------
Thanksgiving Day            Nov. 28
------------------------------------------------------------------------
Day After Thanksgiving      Nov. 29
------------------------------------------------------------------------
Day Before (or after)       Dec. 24
Christmas
------------------------------------------------------------------------
Christmas Day               Dec. 25
------------------------------------------------------------------------
Floating Holiday            ---        ---
========================================================================

All holidays shall be observed on the nationally recognized day of celebration
(Federal Statute). Agreed upon holidays under the terms of this Contract when
occurring on a Saturday shall be observed on the Friday immediately preceding;
when occurring on a Sunday shall be observed on the Monday immediately
following.

Employees must work their last scheduled work day before and their first
scheduled work day after any paid holiday to be eligible to receive pay for that
holiday unless just cause is shown proving his/her absence. If an Employee is
absent for one (1) week or more for any cause, he/she will not receive pay for
the holiday.

                                       10

<PAGE>

The floating holiday is to be taken at a time selected by the individual
employee. When scheduling a floating holiday, 24 hours notice is required, and,
where multiple requests for the same day will adversely affect production,
seniority rules will apply.

                                   ARTICLE XVI
                                    VACATION

Section 1. Subject to the following conditions, every Employee eligible
therefore under the following schedule shall, each year, receive paid vacation
in accordance with such schedule, provided the Employee's service is continuous.

Effective 7/1/02, The vacation "year" is based upon the employee's seniority
date/employment anniversary.

ADDENDUM: Section 1(a) & 1(b) effective 8/30/99:

(a)  New Hires will begin accruing .769 vacation hours per week as of their date
     of hire for a total of a 40 vacation hours by their first employment
     anniversary.

(b)  Upon their first employment anniversary, Employees will start accruing
     1.538 hrs vacation per week for a total of 80 vacation hours by their
     second employment anniversary. Thereafter one's eligibility for additional
     vacation days will be based upon their seniority/employment anniversary as
     outlined below in Section 1 (c) and Table II.

(c)  Employees who will have accrued seniority of six (6) years will receive
     vacation in accordance with the following Table. Employees with a greater
     length of service or seniority will be given preference whenever possible.

     Employees hired prior to August 27, 1993 will achieve a maximum accrued
     vacation of 25 days per Table I.

(d)  Vacation may be taken in 1/2 day increments with 24 hour notice except for
     extreme circumstances.

(e)  Employees may carry a vacation balance equal to twice their current annual
     allotment. Accrued vacation time in excess of this maximum must be used
     prior to the next vacation period or it will be forfeited.

                                       11

<PAGE>

                                     TABLE I

     Seniority (Years)         Number of
                             Vacation Days

          6                        11
          7                        12
          8                        13
          9                        14
         10                        15
         16                        16
         17                        17
         18                        18
         19                        19
         20                        20
         26                        21
         27                        22
         28                        23
         29                        24
         30                        25

(f)  Employees hired after August 27, 1993 will achieve a maximum accrued
     vacation of 20 days per Table II:

                                    TABLE II

       Seniority (Years)       Number of
                             Vacation days

                6                 11
                7                 12
                8                 13
                9                 14
               10                 15
               16                 16
               17                 17
               18                 18
               19                 19
               20                 20

(g)  Should the need for a plant shutdown exist (one (1) or two (2) weeks) for
     reasons other than reduced business conditions during the month of July or
     August, the Company will notify the Union ninety (90) days in advance of
     such a need.

                                       12

<PAGE>

     Employees will take additional earned vacation time consecutively unless
     otherwise mutually agreed to by the employee and the Company.

If an Employee is off from work for more than thirty (30) days on an excused
absence for any reason other than industrial injury or regular S & A coverage,
he/she shall cease to accrue vacation time until he/she returns to work and when
he/she does, the vacation he/she would otherwise have been entitled to for that
year shall be reduced in proportion to the number of days of excused absence in
excess of thirty days. Employees who have less than two (2) weeks vacation
eligibility may, at the convenience of the Company, be requested to work for the
balance of the shutdown when work is available.

When an Employee is asked to work his/her vacation weeks, it shall then be the
Employee's and the Company's mutual decision as to when he/she will take his/her
vacation. In the absence of a mutual agreement, the Employee shall not be
required to work.

VACATION ELIGIBILITY IN EXCESS OF 10 DAYS MAY BE TAKEN ONE DAY AT A TIME. (CAN
BE USED IN LIEU OF SICK DAYS IF EMPLOYEE DESIRES).

In such cases where the number of employees selecting a given day(s) as a
vacation day(s) would seriously affect the continuity of production, the Company
will follow seniority with respect to those that will be allowed to take that
day(s) as Vacation.

If an Employee dies without receiving his/her vacation or compensation in lieu
thereof, the amount shall immediately be paid to his/her beneficiary or estate
upon proper proof.

(h)  The eligible accrued, unused vacation balance will be paid out to any
     employee who has been laid off, discharged or resigned

                                  ARTICLE XVII
                       HOSPITALIZATION, MEDICAL AND DENTAL

Section 1. The Company shall provide a health care program covering hospital and
surgical expenses for all employees and their qualifying dependents. If an
employee elects not to utilize the Company health care program, he shall not pay
any monthly premiums for the same.

Employees electing health insurance will pay 10% of the Chart Basic Plan
Premium. Employees who enroll in the more generous health plans (ie. Chart Plus
or the HMO) will pay the 10% as stated above plus 100% of the cost above the
Chart Basic Plan.

                                       13

<PAGE>

The Company will make available to Employees a Dental Insurance Program. If an
Employee elects not to utilize the Company Dental Plan, he shall not pay any
monthly premiums for the same.

Employees who elect Dental coverage will pay monthly; $9.30 for Single, $18.60
for Two person, and $27.90 for Family coverage plus 100% of any Dental premium
increases.

The employee may decline or "opt-out" of any of Chart's medical plans (HMO
included) if the employee has coverage through another group medical plan. This
does not apply to the dental plan. If the employee chooses to opt-out of medical
coverage, he/she will receive a payment of $1,000. The opt out bonus will be
paid weekly through the Company payroll system.

The Company and the Union agree to discuss any type of National Health Care
legislation that is enacted during the term of this contract with the goal of
providing similar levels of benefits (coverage) to employees at a lower cost to
both the Company and its employees.

Employees who retire from the Company at age 62 years or over who accumulated a
term of employment of twenty (20) years at the time of retirement shall be
covered by a $4,000.00 Life Insurance Benefit. An Employee shall be deemed as
retired if he/she is eligible and is participating in the Boilermakers' Pension
Plan.

At the time of retirement, an employee may choose to continue as a member of the
Company's group Hospital/Medical Plan in accordance with the following
conditions:

     He/she is at least 62 years old but less than 65.

     Such membership terminates at the end of the month in which the former
     employee reaches 65 and is, therefore, eligible for Medicare.

     A payment equivalent to 100% of the Company's established premium must be
     paid to Chart Storage Systems, by the first of each month.

     Failure to make such monthly payment in a given month removes the former
     employee from the Group.

The Company shall continue to cooperate in expediting settlement of accident and
health insurance claims.

                                       14

<PAGE>

LIFE INSURANCE. Company paid, equivalent to one times the employee's annual base
wage. *. *(Base Wage = Rate/hr. X 2080 hrs.)

MAJOR MEDICAL. - $1,000,000.00

SICKNESS & ACCIDENT. The Company shall provide Sickness and Accident coverage at
the rate of 60% of the base wage with a minimum of $180/week and a maximum of
$400/week for the life of this Agreement.

The parties will continue to apply the use of the Section 125 Plan where
beneficial to the employees.

The negotiated Health and Accident coverage shall apply regardless of the State
in which the Employee resides.

                                  ARTICLE XVIII
                                     PENSION

The Company will contribute per hour per employee to the Boilermakers Pension
Fund as follows:

     $.85/hr for year 2003

Contributions shall be made for hours worked inclusive of vacation and holidays
and shall not exceed forty (40) hours per week.

                                   ARTICLE XIX
                       SAFETY AND SANITATION -- FIRST AID

Section 1. The Company and the Union agree to work within, and to cooperate in
compliance with the "Federal Occupational Safety and Health Act of 1970" as
amended.

Section 2. The Company agrees to provide and maintain such safety and sanitary
needs as are necessary to protect and preserve the health and welfare of all
employees.

Section 3. The Company shall install bells, gongs or other warning devices on
the overhead cranes which shall be actuated when the crane is in motion.

Section 4. The Company shall retain in a tool crib the welding sleeves for those
welders who wish to use them.

Section 5. The Company shall reimburse each Employee up to one hundred fifty
($150.00) Dollars every two years for the purchase of Safety Shoes upon proof of

                                       15

<PAGE>

purchase. To be eligible an Employee must have completed his/her forty-five (45)
work day period. All weather gear shall be furnished by the Company to those
Employees who are required to work outside the plant during inclement weather.

Section 6. The Company agrees to provide Safety Glasses including prescription
lenses to Employees. If lenses or frames are damaged at work they will be
replaced at no cost to the Employee. Lenses will be replaced if prescription is
changed by a physician. Lenses and frames will be furnished from a Company
selected grouping. For selection of lenses and frame different than those
provided by the Company the Employee will pay the difference.

Section 7. The Company will make inspections of the toilets and washrooms with
an union official to make changes to conform with this section. All toilets and
washrooms shall be kept clean and in a sanitary condition, properly heated and
ventilated, and suitable quarters with heat shall be provided for employees to
change clothes and eat their lunch. All stagings, walks, ladders, and safety
appliances shall be constructed and installed in a safe and proper manner. In
case of spray painting, the Employer shall provide proper protection against
fumes caused by paint spray.

Section 8. The Company will train a minimum of two (2) volunteers in First-Aid
for each shift. The Company will pay for tuition, books required by the school,
and mileage to and from classes.

Section 9. Prompt ambulance service and first-aid to sick or injured employees
shall be provided at Company expense on all shifts. Ambulance service will be
complimented by a taxi service to insure prompt delivery of injured Employee to
the hospital. In the event a taxi specified by the Company is not immediately
available, the First-Aid Person or another designated Employee shall take the
injured Employee to the hospital and return immediately. It is noted here that
First-Aid Person is not a classification.

Section 10. The Company shall post notices to the effect that it is the duty of
Employees to immediately report to his/her Foreman, Supervisor and/or Coach,
anything that in their opinion is dangerous to the safety of the Employees. Any
one of those named who receive such reports shall immediately investigate, or
cause to be investigated, the complaint of the Employee. Not reporting unsafe
events, observances or conditions immediately to one's Supervisor or Coach is
grounds for disciplinary action up to and including discharge.

Any Employee who is injured at work shall report the injury to his/her Foreman,
Supervisor, or Coach immediately and complete, at the earliest opportunity, a
"Notice of Accidental Injury or Occupational Disease," provided by the Company
and forward to the Personnel Department.

                                       16

<PAGE>

Section 11. Any Employee working inside a vessel with only a manway as a means
of entrance or exit shall have an Employee stationed at the manway whose sole
purpose will be to insure the well-being of the Employee inside, the only
exception being when the employee inside is in communication with the Employee
outside via a communication medium. No Employee shall be compelled to work where
injurious fumes or unsafe conditions prevail.

Section 12. Any Employees who are injured during the hours of work and who are
to receive treatment for said injury after the day of the accident shall receive
all necessary medical treatment without loss of time.

Section 13. In case any Employee is injured at work and is compelled by the
seriousness of such injury to lose time, he/she shall be paid for the full eight
(8) hours shift on which he/she was injured, plus any premium that might be due
from his/her shift.

Section 14. For electric arc flashes during the working hours, the Employees
shall receive treatment at the Plant by the First-Aid person. In cases where the
Employees feel no effect until their return home after working hours, it is
mutually agreed that if their eyes are inflamed the following day and they are
suffering, they shall be given immediate treatment by the First-Aid person at
the Plant. The First-Aid person and the Employee's immediate Foreman, Supervisor
and/or Coach, shall jointly decide whether the Employee should go home. In the
case of dispute, the Employee shall be sent to the hospital and returned home at
his/her own expense without loss of time for that day only.

                                   ARTICLE XX
                               SENIORITY - LAY-OFF

Section 1. Seniority within job classification shall be the determining factor
for lay-offs.

Seniority, relative skill, and ability within job classifications will be the
determining factors for recalls.

Section 2. For the purpose of this Article the length of service of any Employee
of the Company shall be computed from the date on which he/she first began to
work in the shop, except that the length of service record of any Employee in
the Company shall be broken, and no prior period of his/her employment shall be
counted if:

(a)  Such Employee quits his/her employment.
(b)  The Employee is discharged.
(c)  The Employee is laid off for period exceeding eighteen (18) months.
(d)  The Employee is laid off and re-called for work and fails to report for
     work within five (5) work days after receipt of such notification by
     Registered Mail, Return

                                       17

<PAGE>

     Receipt Requested.

Loss of time due to sickness or lay-off, not to exceed eighteen (18) months,
shall not be construed as to interfere with the Employee's seniority. Employees
suffering accident or injury while engaged in their employment in the shop and
being unable to work because of said accident or injury shall maintain and
accumulate their seniority up to maximum of twenty-four (24) months.

An active employee whose S & A benefits have expired will continue to be
eligible for health insurance for a period not exceeding twelve (12) months from
the start of their S & A benefit.

Those employees on Workers Compensation leave will continue to be covered by the
group health insurance for up to the earlier of twenty-four (24) months or until
such time as they reach their maximum medical improvement (MMI) provided that
they continue to make timely payments of their portion of the health insurance
premiums. MMI must be determined by their attending physician or physician
performing a medical exam at the request of the Company or it's insurer. Should
an employee not return to work after MMI has been determined, employment will
cease. Company provided group and health insurance will be discontinued and the
former employee may apply for benefits under COBRA law.

Employees on lay-off shall accumulate seniority during any period of lay-off but
shall not be eligible for fringe benefits accorded to Employees currently active
on the Company's roll.

Employees to be laid off shall be given a three (3) day notice except in cases
of emergency. The day that the Notice of Lay-off is issued shall be considered
the first day of notice of lay-off.

Section 3. Employees accepting Managerial positions shall have their shop
seniority frozen on the date they accept and transfer into such position. Their
seniority will then be reduced by an equal amount of time that such employee
holds a Managerial position.
3a) In the event that employees who have transferred into a managerial position
return to the bargaining unit, they shall return to the job classification held
at the time of the transfer, providing they have the seniority to do so, he/she
will be placed on layoff status but will be permitted to bid on any job
opening(s) that may be available.
3b) Should the employee elect to return to the bargaining unit within six months
of transferring to a Managerial position, no loss of seniority will be incurred.
3c) Employees accepting Managerial positions prior to September 1, 2002 will
have their shop seniority frozen on the date they accepted and were transferred
into such position with no further reduction.

                                       18

<PAGE>

                                   ARTICLE XXI
                                   ATTENDANCE

Section 1. The Company shall grant a leave of absence, not to exceed thirty (30)
days, to any Employee who has serious and compelling personal reasons to require
such leave, provided the reasons are verified and are acceptable to the Company.
The Company's approval shall not be unreasonably withheld.

Section 2a. To maintain efficient production schedules, the parties of the
Agreement will insist on regular and punctual attendance of all Union Employees.

Section 2b. Excessive Absenteeism. Each two (2) days of absence in a single
month of a rolling 12 month period shall be considered an offense and shall
subject the offending Employee to the disciplinary action below, on a
progressive basis. Illness absences on consecutive days shall be considered a
single day's absence.

Being absent from work due to Union business, hospitalization, jury duty,
military duty, industrial accident, funerals covered in the Bereavement Clause,
leave of absence (personal, medical or sickness and accident) or illness
absences of two (2) or more consecutive days verifiable to the Personnel
Department on the first day of return to work, shall not be considered as
chargeable absences.

In each month, lost time due to leaving the plant early shall be additive and
for each twelve (12) hours of such lost time the Employee shall be charged with
one (1) day's absence for that month.

Excessive Tardiness: For each tardiness occurrence in excess of five (5) in one
(1) month of rolling 12 month period, the offending Employee shall be subject to
the below disciplinary action(s) on a progressive basis:

Violations in absenteeism and tardiness as provided for hereinabove shall
subject the offending Employee to discipline as follows:

     Step 1: Verbal warning in the presence of the Shop Steward.
     Step 2: Written warning with a copy to the Steward.
     Step 3: One (1) week's suspension without pay.
     Step 4: Discharge.

The above-mentioned criteria on absences and shall not limit the Company's right
to administer disciplinary action where an Employee is absent prolonged or
frequent periods of time, yet not in violation of such criteria.

                                       19

<PAGE>

Before the Company exercises this right, a joint meeting of the Shop Committee,
the Employee involved and the Company shall be convened to lay out the
Employee's record and ways and means to correct. No disciplinary action shall be
taken at this meeting. A continued pattern by the Employee in the future of
absenteeism shall subject him/her to disciplinary action. An absence during
which an Employee is admitted as an "inpatient" to a hospital, or under a
doctor's care for a condition which he/she was previously hospitalized, shall
not be counted in the disciplinary process.

The above-mentioned provisions on absenteeism and tardiness shall become
applicable on the effective date of this agreement and all records shall be
continuous thereafter.

Section 2c. This section in its entirety will in no way prevent the Company from
disciplining an Employee for other breaches of conduct.

NOTE: Any time an Employee has an unscheduled absence he/she is required to call
the Company and notify the Personnel Department (603-382-6551, Ext. 2212) within
one (1) hour of the start of the shift.

                                  ARTICLE XXII
                               DISCIPLINARY ACTION

Section 1. Disciplinary action, suspensions and discharges will be taken only
for just cause. All suspensions and discharges shall be reviewed with the Shop
Committee as to just cause, before being awarded. Employee shall be notified
within one scheduled work week of the occurrence of any violations.

This in no way, however, abridges the Company's right to send an Employee home
for the remainder of his/her shift pending a hearing with the Shop Committee the
following work day. All Employees may be present at their hearing with the Shop
Committee.

Section 2. It is further agreed that any Employee found guilty, after a fair
hearing conducted by the Employer and the Shop Committee, of instigating,
fomenting or actively supporting or giving leadership to any action which will
create dissension or impair the morale of other Employees, thus curtailing
production, or which violate, disturb or attempt to disturb the relations or
terms o this Agreement, shall be dismissed from the service of the Employer.

                                       20

<PAGE>

                                  ARTICLE XXIII
                               GRIEVANCE PROCEDURE

Section 1. A Grievance is any difference of opinion or dispute between the
Employer and an Employee or Union Representative regarding the interpretation or
operation of any provision of this Agreement and shall be dealt with as follows:

Section 1. The Steward, with the Employee(s), shall present the grievance in
writing on forms supplied by the Union to the immediate Foreman/Department Head
in the Department of the grieving Employee(s) within three (3) work days of its
occurrence of/or first knowledge; otherwise, it shall be deemed waived.

Section 2. If the grievance is not settled in Step 1 within three (3) work days,
then it shall be submitted to the General Foreman. The General Foreman and Chief
Steward shall meet to attempt to resolve the grievance. The aggrieved may be
present if he/she so desires. If not satisfactorily resolved within three (3)
work days, it shall be referred to Step 3.

Section 3. If not settled within three (3) work days, the grievance shall be
referred to the bargaining agent of the Company and the International
Representative of the Union for their consideration in conference with the Shop
Committee and Chief Steward. This conference shall be held as expeditiously as
possible but in no event later than ten (10) work days.

NOTE: The Grievance procedure is a four step procedure.

     1. Supervisor or Coach
     2. Designee of President
     3. Bargaining Agent of the Company and International Representative
     4. Arbitration

All grievance shall be deemed settled unless, within ten (10) work days of the
conference between the above parties, either party requests in writing that the
dispute be referred to arbitration.

                                  ARTICLE XXIV
                                   ARBITRATION

Section 1. Grievance involving the interpretation or application of the
provisions of this Agreement, if not resolved by the parties through the
foregoing steps, may be submitted to Arbitration for final and binding
determination. The Arbitrator shall have no power to add to, subtract from,
change or modify any of the provisions of this Agreement, but his authority
shall be limited solely to the interpretation or application of the provisions
of this Agreement. The decision of the Arbitrator shall be final and binding on
all parties.

                                       21

<PAGE>

Section 2. After proper notice of desire to Arbitrate, either party may request
the American Arbitration Association to submit a list of names from which an
Arbitrator shall be selected. If the parties fail to select an Arbitrator within
ten (10) days after receipt of list, either party may request the American
Arbitration Association to appoint an Arbitrator.

The Company and the Union shall share equally the fee and expenses of the
Arbitrator.

Section 3. In the event a discharged or suspended Employee is reinstated through
an arbitration award, the reinstated Employee shall receive back pay as
determined by the Arbitrator. In no case, however, will back pay be awarded for
the period of time where the Union requests a postponement in the arbitration
hearing date.

Back pay shall be paid within one (1) work week of return to work or within one
(1) work week of receipt of the Arbitrator's ruling as appropriate.

                                   ARTICLE XXV
                              UNION REPRESENTATIVES

Section 1. It is agreed that Stewards will be Employees of the Employer and that
the Union will notify the Employer in writing of the Officers and Stewards
authorized to act on behalf of the Union.

Section 2. The Business Manager and two (2) members of the Negotiating Committee
shall make up the Shop Committee.

Section 3. The loss of time by authorized Union Officials during the regular
work day in Contract negotiations thirty (30) days prior to the expiration of
the contract and time spent on the three (3) steps of the Grievance Procedure
shall be paid for by the Employer at the day rate of their job. The Business
Manager and Chief Steward shall work on the first shift only.

Section 4. The Company shall allow the Business Manager, President, Chief
Steward and Stewards to meet once a week to evaluate grievances and related
grievance matters. The meeting shall be held each Thursday starting at 12:30
p.m. and ending when the related grievance matters are resolved or 2:00 p.m.
whichever is earlier. When an Employee attending the meeting is holding up
production by his/her absence from work, he/she may be called out of the meeting
by the Plant Manager. For the time lost in the above meetings the Company shall
compensate all Employees involved at their regular rate of pay.

                                       22

<PAGE>

Section 5. Any member of the Union selected as an Officer or Delegate shall,
upon request, be granted a leave of absence without pay but without loss of
cumulative seniority while on Union business.

Section 6. Bulletin boards will be provided by the Company for use by the Union.
All notices to be posted thereon shall be limited to official Union business and
shall be cleared through the Business Manager and posted by him. This provision
in no way limits the Company from removing any notice it deems inappropriate
after notifying the Business Manager of its intent.

Section 7. It is further understood and agreed that Local Union 752 shall
designate the local representatives who is duly authorized and will be consulted
in all matters pertaining to the application of this Agreement. It being
specifically understood that the International Union will only be liable for the
acts of said agent when such acts have been approved in writing by the
International President's office.

Section 8. Under no circumstances shall the Shop Committee or any employee make
arrangements with Foremen or Management that will change or conflict in any way
with any Section or terms of this Agreement.

Section 9. Nothing contained herein shall be construed as limiting or abridging
the right of the International Union to assign an International Representative
to work with or assist any local Union Agent or Employee in the negotiation or
grievance procedure or application of terms and conditions of this Agreement.

Section 10. The International Officers and Business Representatives of the Union
represented shall have access to the Employees of the Shop by applying for
permission through the office, provided they do not interfere or cause workmen
to neglect their work.

                                  ARTICLE XXVI
                                 SUB-CONTRACTING

Section 1. The Company shall not sub-contract work out normally performed by the
bargaining unit when men and machines are available to do the work.

                                       23

<PAGE>

                                  ARTICLE XXVII
                         MAINTENANCE OF WORK OPERATIONS

Section 1. During the life of this Agreement neither Local 752 nor the
International Union will authorize or ratify a strike, work slow-down, or work
stoppage except because of violation of this Agreement by the Employer, and then
only after strict compliance with Article XI of the Subordinate Lodge
Constitution.

Section 2. Any Employee entering into an unauthorized and unratified work
stoppage will be discharged and not subject to the Grievance Procedure provided
for herein.

Section 3. The Employer agrees that there will be no lockout for any cause
during the life of this Agreement except for violation of this Agreement by
Local 752 or the International Union. Discharge of any Employee for infraction
of Company rules shall not be considered as a lockout for such Employee.

Section 4. It is further agreed that the Employer will not claim damage against
Local Union 752 of the International Union because of any strike which was not
ratified in accordance with the provisions of Section 1 of this Article.

                                 ARTICLE XXVIII
                            INFORMATION TO THE UNION

Section 1. A card bearing the name, number, classification and rate of all new
Employees shall be given the Chief Steward within one (1) week of date of hire.

Section 2. Death notices received by the Company shall be forwarded immediately
to the Chief Steward or Business Manager. If the deceased is a member of the
Employee's immediate family, a Union Representative shall attend the funeral and
receive straight-time pay.

Section 3. During the term of this Agreement the Employer shall immediately
advise the Union of all changes of status of Employees in the bargaining unit
including, but not limited to, promotions, demotions, re-classifications,
transfer, leave of absence and retirement.

Section 4. On request of the Union, the Employer will, as soon as possible,
supply all data relating to wage rates, pension data and group insurance data
and other data essential to policing this Agreement once in each year of the
Contract.

Section 5. Three (3) months prior to the termination of the Agreement or the
reopening provision, the Employer will provide the Union with the following
data:

                                       24

<PAGE>

1.   Name, individual wage rate, date of employment, seniority standing for each
     employee in the bargaining unit, including a seniority list for purposes of
     re-call of laid off employees.

2.   Job classification, including the number of Employees in each
     classification.

3.   The average straight-time hourly earnings of the bargaining unit for the
     preceding year, including shift premiums or other pay premiums except
     overtime premiums.

4.   The average hourly cost for each fringe benefit item and other
     Employer-paid benefits; i.e., unemployment compensation, etc.

                                  ARTICLE XXIX
                      401(k) SAVINGS AND INVESTMENT PROGRAM

A 401(k) Savings and Investment Program will be established effective January 1,
1994. A match to the 401(k) Savings and Investment Program will be made
effective September 1, 1994. The match will be made on a maximum of 6% of the
base wage saved in the 401(k) Plan during a given year. The match will be 25% of
the % of base payments made by hourly employees to the hourly 401(k) Plan. The
match will be in the form of Chart Industries stock.

The Company must have a minimum EBIT of $500,000 before the match will occur
(EBIT = Earnings Before Interest and Taxes).

                                   ARTICLE XXX
                                 PROFIT SHARING

Pursuant to Bargaining Amendment dated April 11, 2001, Profit Sharing will be
implemented for the hourly personnel on the following basis:

1.   Minimum Company EBIT - The activation level of Chart SSD profit sharing is
     a minimum EBIT of $500,000 for the full fiscal (calendar) year. Once
     minimum EBIT is achieved, profit sharing will be paid on profit dollars,
     including the first $500,000.

2.   Ebit Pool Multipliers - Once the EBIT profit level is achieved, the EBIT
     will be used as follows to develop the profit sharing pool:

                                       25

<PAGE>

                                           % Profit
                             EBIT          Sharing
                             ----          -------
     After EBIT is met     0 - $2,500,000       4%
                            ** $2,500,000       5%

3.   Distribution of EBIT Hourly Profit Sharing Pool:

     a. The profit sharing will be made as a % of individual annual base wages
        except for exclusions (1) noted below.

        The base wage distribution % is determined as follows:

        Base Wage
          Profit Sharing % =        EBIT Pool $
                             ------------------
                           Total Chart SSD Annual
                           Base Wage Payroll /(1)/

     /(1)/ Excluded from base wage are overtime, service trip premium, sick pay.
           Also, officers salaries will not be included as those individuals
           will not share in this pool.

           EBIT pool shall include all Chart SSD employees except excluded
           above.

     b. Profit sharing will be distributed annually within 45 days of the end of
        the fiscal year.

           For example, 2002 profit sharing would be paid on or before February
           15, 2003.

        At management discretion, partial payment could be made earlier in the
        year.

4.   Eligibility for Profit Sharing

     Employees are eligible to receive profit sharing if:

     a) they are still employed on 12/31

                                       or

     b) they have retired from employment during the year.

** Denotes greater than

                                       26

<PAGE>

                                  ARTICLE XXXI
                                  SEVERANCE PAY

Should the Company cease operations completely in Plaistow, New Hampshire, or
move operations to a location more than fifty (50) miles from the present
location, severance pay shall be paid at the following rate:

     1 week's wages for a full five (5) years' seniority

     2 week's wages for a full ten (10) years' seniority

     3 week's wages for a full fifteen (15) years seniority

     4 week's wages for a full twenty (20) years or more

to employees currently employed at the time such action is taken. In the case of
a move, this allowance shall apply only to those employees who find it
inconvenient to continue employment because of the move.

                                  ARTICLE XXXII
                              CONTRACT LIMITATIONS

Section 1. The Employer and Union expressly agree that no prior understandings
or agreements and no subsequent agreements or understanding shall modify the
provisions of this Agreement unless reduced in writing, signed by the parties
hereto, and made an express amendment to this Agreement.

Section 2. The officials executing this Agreement in behalf of the Union hereby
warrant and guarantee that they have the authority to act for, bind, and
collectively bargain in behalf of the organization which they represent, and
members of such organizations, upon approval of the International president.

Section 3. Should any part hereof or any provisions herein contained be rendered
or declared invalid by reason of:

1. Any existing or subsequently enacted legislation, or

2. Any decree of a court of competent jurisdiction, or

3. Any ruling of any governmental agency having jurisdiction.

                                       27

<PAGE>

such invalidation of such part or portion of this Agreement shall not invalidate
the remaining portions hereof, and they shall remain in full force and effect.

Section 4. Contract proposals will be exchanged between the Company and the
Union at a meeting no later than thirty (30) days prior to the end of the
Contract.

The terms and provisions of this agreement shall be come effective as of the
30th day of August, 1999, and continue in effect through August 30, 2002, and
from year to year thereafter, unless sixty (60) days' written notice is given by
either party prior to the expiration of any such year that changes, amendments
or revisions are desired.

                                       28

<PAGE>

NOTE: The expiration for this Agreement and future agreements is the last Friday
in August.

AGREED TO THIS 29th DAY OF August, 2002.

CHART STORAGE SYSTEMS DIVISION - PLAISTOW

BOILERMAKER'S INTERNATIONAL
LOCAL LODGE NO. 752

                                       29

<PAGE>

                                   APPENDIX A
                                TRAINING PROGRAM

All new employees will be hired as general helpers, unless skill requirements
and actual qualifications dictate otherwise.

Within two (2) weeks after the probationary period, the foreman and employee
will discuss the employee's job classification preference. (Example: machinist,
welder, welder/fitter, radiographic technician, test technician, etc.) If a need
exists, the employee were to indicate a preference for welding, such employee
would be assigned as a general helper/welder with work assignments in this job
classification whenever possible.

All new employees in the apprentice training program will be reviewed every
three (3) months as to progress of their training. Progress will be evaluated on
the basis of specific job skills developed since the last review. The foreman
will conduct the review as to progress and deficiencies in development of job
skills using input from other trainers. Such employees will be paid increases
per review if progress is satisfactory.

An employee can advance in job classification skill level by on-the-job training
and job-related classroom instruction (example: blueprint reading, math, etc.)

There is no prescribed or minimum time for an employee to advance to a job
classification skill level. if the employee does not obtain the skills to
perform the job classification requirements within a two (2) year period after
probation, such employee will be re-classified as a general helper.

When an employee completes the training for a job classification, such employee
will be paid the rate for that classification provided a need exists for work in
that classification.

Specific criteria for evaluation of progress within a specific job
classification will be developed. Employees will be advised of the basis for
review and progression within a job classification at the start of the training
cycle.

The Company will lay off in accordance with the present agreement dated August
29, 2002, on the basis of job classification. It is the intent of the Company to
retain the most senior employee in the job classification in preference to
retaining a shorter service employee in the general helper classification.

Concerning those individuals who were part of the Bargaining unit on or before
the Contract amendment of April 11, 2001 and employed in "Semi-Skilled"
Manufacturing classifications as set forth in such amendment, the Company will
review each individuals ire to train and work in a "Skilled Manufacturing"
classification. If the individual shows interest in pursuing such training, the
Company will initiate the cross training providing there is a good probability
that these additional skills will be utilized in the foreseeable future.

                                       30

<PAGE>

SCHEDULE "A"

                                     NOTES:

Combination Welder must weld three (3) or more metals by three (3) or more
processes.

Leadmen receive one dollar ($1.00) per hour above the highest Contract rate for
the classification.

Team Leader: Employees qualified in the craft of "Team" leadership may receive
up to Fifty cents ( $0.50) above their regular rate.

Group Leaders receive Thirty cents ($0.30) per hour above the highest rate for
the classification.

Carbon Arcing, when performed in a confined space, shall carry a Twenty-five
cents ($0.25) per hour premium while Employee is so engaged.

Confined space work where a permit is required shall carry a one dollar ($1.00)
per hour premium for the individual entering the manway, for hours worked
performing this operation.

Glass Bead Sandblasting shall carry a one dollar ($1.00) per hour premium while
the employee is so engaged.

Fifty cent ($.50) per hour premium will apply while "Weld Tech" duties are being
performed as set forth by the Weld Lab Engineer.

When a Pipefitter/Welder receives a welder certification stamp and has passed
the proper tests, he/she will receive the Welder/Fitter rate.

New Hampshire Radiation Safety Officer: Employees qualified and practicing the
craft of RSO will receive Fifty cents ($0.50) above their regular rate.

ASME Level III Radiographer: Employees qualified and practicing the craft of
Level III Radiography will be paid Fifty cents ($0.50) above their regular rate.

PREMIUM MACHINES:

Vertical Boring Mill - Twenty-Five Cents ($0.25) per hour.

These premiums are to be added after night differential or overtime has been
figured.

                                       31

<PAGE>

            --------------------------------------------------------------------
                                         Schedule "B"
                                         Union Wages
            --------------------------------------------------------------------
                                                                9/1/2002
                                                           Min            Max
            --------------------------------------------------------------------
            All Around Fill-In Machinist                  $14.65         $19.24
            --------------------------------------------------------------------
            All Around Machinist                          $13.89         $18.63
            --------------------------------------------------------------------
            Chief Storekeeper                             $13.42         $17.22
            --------------------------------------------------------------------
            Combination Welder                            $13.89         $18.63
            --------------------------------------------------------------------
            Fitter Mechanic                               $13.89         $18.63
            --------------------------------------------------------------------
            General Helper                                $ 8.22         $15.75
            --------------------------------------------------------------------
            Inspector                                     $13.42         $18.63
            --------------------------------------------------------------------
            Machine Operator BR&S                         $13.49         $17.22
            --------------------------------------------------------------------
            Machine Operator MS                           $13.22         $16.41
            --------------------------------------------------------------------
            Machine Operator-Other                        $13.89         $17.58
            --------------------------------------------------------------------
            Maintenance Electrician                       $13.89         $18.63
            --------------------------------------------------------------------
            Maintenance Mechanic                          $13.89         $18.63
            --------------------------------------------------------------------
            Material Handler                              $13.22         $16.41
            --------------------------------------------------------------------
            Painter                                       $13.49         $17.22
            --------------------------------------------------------------------
            Perliter                                      $ 8.22         $15.75
            --------------------------------------------------------------------
            Pipefitter Welder                             $13.89         $18.63
            --------------------------------------------------------------------
            Radiographic Technician                       $13.42         $18.63
            --------------------------------------------------------------------
            SandBlaster                                   $13.49         $17.22
            --------------------------------------------------------------------
            Storekeeper                                   $13.22         $16.41
            --------------------------------------------------------------------
            Test Technician                               $13.42         $18.63
            --------------------------------------------------------------------
            Truck Driver                                  $13.42         $17.22
            --------------------------------------------------------------------
            Welder                                        $13.49         $18.28
            --------------------------------------------------------------------
            Welder Fitter                                 $14.17         $18.90
            --------------------------------------------------------------------

                                       32

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