Document:

EXHIBIT 10.1

                        INTERCORPORATE SERVICES AGREEMENT

      This INTERCORPORATE SERVICES AGREEMENT (the "Agreement"),  effective as of
January 1, 2003,  amends and  supersedes  that certain  Intercorporate  Services
Agreement  effective  as of  January  1, 2002  between  CONTRAN  CORPORATION,  a
Delaware  corporation  ("Contran"),  and  NL  INDUSTRIES,  INC.,  a  New  Jersey
corporation ("NL").

                                    Recitals

      A. NL  desires  to have the  services  of certain  Contran  personnel  and
Contran is willing to provide such services under the terms of this Agreement.

      B. Contran  desires to have the services of certain NL personnel and NL is
willing to provide such services under the terms of this Agreement.

      C. The costs of maintaining the additional  personnel necessary to perform
the functions  provided for by this Agreement would exceed the amount charged to
such  party  that is  contained  in the net fee set  forth in  Section 4 of this
Agreement  and that the terms of this  Agreement  are no less  favorable to each
party  than  could  otherwise  be  obtained  from a third  party for  comparable
services.

      D. Each  party  desires  to  continue  receiving  the  services  presently
provided  by the other  party and its  affiliates  and each  party is willing to
continue to provide such services under the terms of this Agreement.

                                    Agreement

      For and in  consideration  of the  mutual  premises,  representations  and
covenants  contained  in  this  Agreement,  and  for  other  good  and  valuable
consideration,  the receipt and sufficiency of which is hereby acknowledged, the
parties hereto mutually agree as follows:

      Section  1.  Contran  Services  to be  Provided.  Contran  agrees  to make
available to NL, upon request,  the following services (the "Contran  Services")
to be rendered by the internal staff of Contran and affiliates of Contran:

            (a)   Consultation   and   assistance   in   the   development   and
      implementation   of  NL's  corporate   business   strategies,   plans  and
      objectives;

            (b)  Consultation  and  assistance  in  management  and  conduct  of
      corporate affairs and corporate governance consistent with the charter and
      bylaws of NL;

            (c)  Consultation  and  assistance  in  preparation  and  review  of
      periodic  financial  statements  and  reports to be filed with  public and
      regulatory  entities  and those  required  to be  prepared  for  financial
      institutions or pursuant to indentures and credit agreements;

            (d) Ongoing  consultation  and  assistance in  connection  with NL's
      credit facilities and the KII Senior Note indenture;

<PAGE>
            (e) Consultation and assistance in the preparation and filing of tax
      returns, examinations by government authorities and tax planning;

            (f) certain  administration and management  services with respect to
      NL's insurance and risk management needs,  including,  without limitation,
      administration of NL's:

                  (i) property and casualty insurance program,

                  (ii) claims management program,

                  (iii) property loss control program; and

                  (iv) management of EWI, RE.

            (g) Such other services as may be requested by NL from time to time.

      Section 2. NL  Services to be  Provided.  NL agrees to make  available  to
Contran,   upon  request,   the  following  services  (the  "NL  Services,"  and
collectively  with the Contran  Services,  the "Services") to be rendered by the
internal staff of NL:

            (a) certain  administration  and support  services  with  respect to
      Contran's insurance and risk management needs; and

            (b) Such other  services as may be requested by Contran from time to
      time.

This  Agreement  does not apply to, and the Services  provided for herein do not
include,  any  services  that Harold C.  Simmons,  Glenn R. Simmons or Steven L.
Watson may provide to NL in their roles as members of NL's board of directors or
any other activity related to such board of directors.

      Section 3. Miscellaneous  Services. It is the intent of the parties hereto
that each  party to this  Agreement  provide  (a  "Providing  Party")  only such
Services as are requested by the other party (a "Receiving Party") in connection
with routine management,  financial and administrative  functions related to the
ongoing  operations  of the  Receiving  Party and not with  respect  to  special
projects,  including corporate investments,  acquisitions and divestitures.  The
parties hereto  contemplate  that the Services  rendered by a Providing Party in
connection  with the conduct of each  Receiving  Party's  business  will be on a
scale  compared  to that  existing  on the  effective  date  of this  Agreement,
adjusted  for  internal  corporate  growth  or  contraction,  but not for  major
corporate acquisitions or divestitures,  and that adjustments may be required to
the terms of this Agreement in the event of such major  corporate  acquisitions,
divestitures or special projects. Each Receiving Party will continue to bear all
other costs  required for outside  services  including,  but not limited to, the
outside services of attorneys, auditors, trustees, consultants,  transfer agents
and registrars, and it is expressly understood that each Providing Party assumes
no  liability  for any  expenses  or  services  other than those  stated in this
Agreement to be provided by such party.  In addition to the amounts charged to a
Receiving Party for Services provided pursuant to this Agreement, such Receiving
Party will pay the Providing Party the amount of out-of-pocket costs incurred by
the Providing Party in rendering such Services.

                                       -2-
<PAGE>

      Section 4. Net Fee for Services.  NL agrees to pay to Contran a net annual
fee of  $1,970,000  payable in quarterly  installments  of $492,500  each on the
first business day of each quarter,  commencing as of January 1, 2003,  pursuant
to this Agreement. In addition to the net annual fee:

            (a) Contran  shall credit or pay to NL  additional  amounts plus all
      related  out-of-pocket  costs, all as agreed to by the parties, for all NL
      Services provided under Subsection 2(b); and

            (b) NL shall  credit or pay to Contran  additional  amounts plus all
      related  out-of-pocket  costs,  all as agreed to by the  parties,  for all
      Contran Services provided under Subsection 1(f).

      Section 5. Original  Term.  Subject to the provisions of Section 6 hereof,
the original  term of this  Agreement  shall be from January 1, 2003 to December
31, 2003.

      Section  6.   Extensions.   This   Agreement   shall  be   extended  on  a
quarter-to-quarter  basis  after the  expiration  of its  original  term  unless
written  notification  is given by Contran or NL thirty  (30) days in advance of
the first  day of each  successive  quarter  or  unless  it is  superseded  by a
subsequent written agreement of the parties hereto.

      Section 7. Limitation of Liability. In providing Services hereunder,  each
Providing  Party shall have a duty to act,  and to cause its agents to act, in a
reasonably  prudent manner,  but no Providing  Party nor any officer,  director,
employee  or agent of such  party  nor or its  affiliates  shall be  liable to a
Receiving  Party for any error of  judgment  or  mistake  of law or for any loss
incurred  by the  Receiving  Party in  connection  with the matter to which this
Agreement relates,  except a loss resulting from willful misfeasance,  bad faith
or gross negligence on the part of the Providing Party.

      Section 8. Indemnification.  Each Receiving Party shall indemnify and hold
harmless the Providing  Party,  its  affiliates and their  respective  officers,
directors  and  employees  from and  against  any and all  losses,  liabilities,
claims,  damages,  costs  and  expenses  (including  attorneys'  fees and  other
expenses  of  litigation)  to which  such  Providing  Party or person may become
subject  arising out of the  Services  provided by such  Providing  Party to the
Receiving  Party  hereunder,  provided that such indemnity shall not protect any
person against any liability to which such person would  otherwise be subject by
reason of willful misfeasance, bad faith or gross negligence on the part of such
person.

      Section 9.  Confidentiality.  Except as otherwise  required by  applicable
law,  each of the  parties  agrees  that  it will  maintain  in  confidence  all
confidential  information regarding the other party supplied to it in the course
of the performance of this Agreement.

      Section 10. Further  Assurances.  Each of the parties will make,  execute,
acknowledge and deliver such other instruments and documents,  and take all such
other actions,  as the other party may reasonably  request and as may reasonably
be required in order to effectuate  the purposes of this  Agreement and to carry
out the terms hereof.

                                       -3-
<PAGE>

      Section 11. Notices. All communications  hereunder shall be in writing and
shall be addressed,  if intended for Contran,  to Three Lincoln Centre, 5430 LBJ
Freeway, Suite 1700, Dallas, Texas 75240,  Attention:  President,  or such other
address as it shall have furnished to NL in writing,  and if intended for NL, to
Two Greenspoint Plaza, 16825 Northchase Drive, Suite 1200, Houston, Texas 77060,
Attention:  President,  or such  other  address as it shall  have  furnished  to
Contran in writing.

      Section 12.  Amendment and  Modification.  Neither this  Agreement nor any
term hereof may be  changed,  waived,  discharged  or  terminated  other than by
agreement in writing signed by the parties hereto.

      Section 13.  Successor and Assigns.  This Agreement  shall be binding upon
and inure to the benefit of Contran and NL and their  respective  successors and
assigns,  except that neither  party may assign its rights under this  Agreement
without the prior written consent of the other party.

      Section 14.  Governing  Law.  This  Agreement  shall be  governed  by, and
construed and interpreted in accordance with, the laws of the state of Texas.

                                       -4-

<PAGE>

      IN WITNESS  WHEREOF,  the parties  hereto have caused this Agreement to be
duly executed and delivered as of the date first above written.

                               CONTRAN CORPORATION

                               By:  /s/ Steven L. Watson
                                    ----------------------------------
                                    Steven L. Watson
                                    President

                               NL INDUSTRIES, INC.

                               By:  /s/ J. Landis Martin
                                    ----------------------------------
                                    J. Landis Martin
                                    Chief Executive Officer

                                       -5-EXHIBIT 10.2

                                  TIMET/NL ISA

                        INTERCORPORATE SERVICES AGREEMENT

      This INTERCORPORATE SERVICES AGREEMENT (the "Agreement") is made effective
as of January 1, 2003, by and between Titanium Metals Corporation  ("TIMET"),  a
Delaware corporation, and NL Industries, Inc. ("NL"), a New Jersey corporation.

      WHEREAS,  TIMET  desires  that NL provide  certain tax services and use of
NL's corporate aircraft to TIMET, as set forth in this Agreement.

      NOW,  THEREFORE,  in  consideration of the premises and promises set forth
herein and for other good and valuable consideration the receipt and sufficiency
of which is hereby acknowledged, the parties to this Agreement agree as follows:

      1. Services Provided. NL will make available to TIMET and its subsidiaries
the following services (the "Services"):

            (a)   consultation and assistance in tax management, administration,
                  and reporting; and

            (b) use of corporate aircraft.

      2. Fees for Services and  Reimbursement  of Expenses.  During the Term (as
defined below) of the Agreement,  TIMET shall pay to NL an annual fee of $14,200
for the  Services  described  in  Paragraph  1(a)  above  payable  in  quarterly
installments of $3,550 plus all  out-of-pocket  expenses  incurred in connection
with the performance of such Services. Regarding Services described in Paragraph
1(b),  TIMET will pay to NL within  thirty (30) days after receipt of an invoice
an amount  equal to TIMET's  share of NL's  corporate  aircraft  expenses  which
includes  TIMET's  share of the monthly  management  fee (computed on a per hour
basis) and actual  flight  hour costs at a rate of $1,953 per hour  (subject  to
annual  escalation) plus fuel variable  charges,  segment fees and excise taxes.
Notwithstanding the foregoing,  in the event that TIMET determines,  in its sole
discretion,  that it no longer desires certain of the Services or NL determines,
in its sole  discretion,  that it no longer  desires to  provide  certain of the
Services, then TIMET or NL, as appropriate, shall provide the other party with a
thirty (30) day prior written notice of cancellation  describing the Services to
be terminated or  discontinued  and TIMET and NL during such  ninety-day  period
shall  agree  to a  pro-rata  reduction  of the  fees  due  hereunder  for  such
terminated or discontinued Services.

<PAGE>

      3. Limitation of Liability. In providing Services hereunder, NL shall have
a duty to act, and to cause its agents to act, in a reasonably  prudent  manner,
but  neither  NL nor any  officer,  director,  employee  or agent of NL shall be
liable to TIMET or its  subsidiaries for any error of judgment or mistake of law
or for any loss incurred by TIMET or its  subsidiaries  in  connection  with the
matters to which this  Agreement  relates,  except a loss resulting from willful
misfeasance,  bad  faith or  gross  negligence  on the  part of NL or from  NL's
reckless disregard of obligations and duties under this Agreement.

      4. Indemnification of NL by TIMET. TIMET shall indemnify and hold harmless
NL, its subsidiaries and their respective officers, directors and employees from
and against any and all losses, liabilities, claims, damages, costs and expenses
(including reasonable attorneys' fees and other expenses of litigation) to which
such party may become  subject  arising out of the  provision by NL to TIMET and
its subsidiaries of any of the Services,  provided that such indemnity shall not
protect  any such  party  against  any  liability  to which  such  person  would
otherwise  be  subject  by reason  of  willful  misfeasance,  bad  faith,  gross
negligence or reckless disregard of obligations and duties hereunder.

      5. Further Assurance. Each of the parties will make, execute,  acknowledge
and  deliver  such  other  instruments  and  documents,  and take all such other
actions,  as the other party may  reasonably  request and as may  reasonably  by
required in order to effectuate  the purposes of this Agreement and to carry out
the terms hereof.

      6. Notices. All communications  hereunder shall be in writing and shall be
addressed to:

            If to NL:         NL Industries, Inc.
                              16825 Northchase Drive, Suite 1200
                              Houston, Texas 77060
                              Attention:  General Counsel

            If to TIMET:                  Titanium Metals Corporation
                              1999 Broadway, Suite 4300
                             Denver, Colorado 80202
                              Attention:  General Counsel

            or such other  address as the  parties  shall  have  specified  in
            writing.

      7. Amendment and Modification.  Neither this Agreement nor any item hereof
may be changed,  waived,  discharged  or  terminated  other than by agreement in
writing signed by the parties hereto.

      8.  Successors and Assigns.  This Agreement  shall inure to the benefit of
and be binding upon the respective successors and assigns of the parties hereto,
provided that this Agreement may not be assigned by either of the parties hereto
without the prior written consent of the other party.

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

<PAGE>

interpretation  of  this  Agreement.   This  Agreement  constitutes  the  entire
agreement, and supersedes all prior agreements and understandings,  both written
and oral,  between the parties with respect to the subject matter  hereof.  This
Agreement  may be executed in one or more  counterparts,  each of which shall be
deemed an original,  and all of which together shall constitute one and the same
instrument.  This  Agreement  shall  be  governed  in  all  respects,  including
validity, interpretation and affect, by the laws of the State of Texas.

      10. Term of Agreement.  This Agreement shall be effective as of January 1,
2003,  and shall remain in effect for a term of one year until December 31, 2003
(the  "Term");  provided,   however,  the  Agreement  shall  be  extended  on  a
quarter-to-quarter  basis  after  the  expiration  of the  Term  unless  written
notification  is given by either  party thirty (30) days in advance of the first
day of each  successive  quarter or unless it is  terminated  or superseded by a
subsequent  written  agreement of the parties hereto.  Upon such  termination or
upon the  expiration  of this  Agreement,  the parties'  rights and  obligations
hereunder  shall  cease  and  terminate   except  with  respect  to  rights  and
obligations arising on or prior to the date of expiration or termination and the
rights and obligations arising under paragraph 4 above.

      11. Confidentiality.  Except as otherwise required by applicable law, each
of the parties  agrees  that it will  maintain in  confidence  all  confidential
information  regarding  the  other  party  supplied  to it in the  course of the
performance of this Agreement.

      IN WITNESS  WHEREOF,  the parties have duly executed this  Agreement as of
the 20th day of May, 2003,  which Agreement will be deemed to be effective as of
January 1, 2003.

                                    NL INDUSTRIES, INC.

                                    By:  /s/ Robert D. Hardy
                                         ---------------------------------------
                                         Robert D. Hardy
                                         Vice President

                                    TITANIUM METALS CORPORATION

                                    By:  /s/ Robert E. Musgraves
                                         ---------------------------------------
                                         Robert E. Musgraves
                                         Chief Operating Officer - North America

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