Document:

<PAGE>
                                                                    EXHIBIT 10.3

                           RAMSAY YOUTH SERVICES, INC.
                                 Columbus Center
                               One Alhambra Plaza
                                    Suite 750
                           Coral Gables, Florida 33134

                                  July 30, 2002

Mr. Marcio C. Cabrera
7240 S.W. 107 Terrace
Miami, Florida  33156

Dear Marcio:

                  Reference is made to the letter agreement between you and
Ramsay Youth Services, Inc. (then known as Ramsay Health Care, Inc) dated June
1, 1998 relating to your employment with the Company (the "Employment
Agreement").

                  This will confirm that, effective as of the close of business
on June 30, 2002, your annual base salary shall be increased to $250,000. Your
position continues to be Executive Vice President and Chief Financial Officer of
the Company, reporting to the President and Chief Executive Officer of the
Company. All other terms of the Employment Agreement continue in full force and
effect.

                  Please acknowledge your acceptance of and agreement with the
foregoing by signing the enclosed counterpart of this letter, whereupon this
shall constitute an amendment to the Employment Agreement.

                                          Sincerely yours,

                                          /s/ LUIS E. LAMELA
                                          -------------------------------------
                                          Luis E. Lamela
                                          President and Chief Executive Officer

Accepted and Agreed:

/s/ MARCIO C. CABRERA
------------------------------
         Marcio C. Cabrera<PAGE>
                                                                    EXHIBIT 10.4

                           RAMSAY YOUTH SERVICES, INC.
                                 Columbus Center
                               One Alhambra Plaza
                                    Suite 750
                           Coral Gables, Florida 33134

                                  July 30, 2002

Mr. Jorge Rico
7215 South Prestwick Place
Miami Lakes, Florida  33014

Dear Jorge:

                  Reference is made to the letter agreement between you and
Ramsay Youth Services, Inc. (then known as Ramsay Health Care, Inc) dated
February 1, 1997 relating to your employment with the Company (the "Employment
Agreement").

                  This will confirm that, effective as of the close of business
on June 30, 2002, your annual base salary shall be increased to $200,000 and
your position shall be Chief Operating Officer of the Company, reporting to the
President and Chief Executive Officer of the Company. All other terms of the
Employment Agreement continue in full force and effect.

                  Please acknowledge your acceptance of and agreement with the
foregoing by signing the enclosed counterpart of this letter, whereupon this
shall constitute an amendment to the Employment Agreement.

                                      Sincerely yours,

                                      /s/ LUIS E. LAMELA
                                      -------------------------------------
                                      Luis E. Lamela
                                      President and Chief Executive Officer

Accepted and Agreed:

/s/ JORGE RICO
--------------------------------
    Jorge Rico<PAGE>
                                                                    EXHIBIT 10.5

                           RAMSAY YOUTH SERVICES, INC.
                                 Columbus Center
                               One Alhambra Plaza
                                    Suite 750
                           Coral Gables, Florida 33134

                                  July 30, 2002

Ms. Isabel M. Diaz
6925 Veronese Street
Coral Gables, Florida  33314

Dear Isa:

                  Reference is made to the letter agreement between you and
Ramsay Youth Services, Inc. (then known as Ramsay Health Care, Inc) dated
October 1, 1997 relating to your employment with the Company (the "Employment
Agreement").

                  This will confirm that, effective as of the close of business
on June 30, 2002, your annual base salary shall be increased to $185,000 and
your position shall be Executive Vice President - Corporate Relations, reporting
to the President and Chief Executive Officer of the Company. All other terms of
the Employment Agreement continue in full force and effect.

                  Please acknowledge your acceptance of and agreement with the
foregoing by signing the enclosed counterpart of this letter, whereupon this
shall constitute an amendment to the Employment Agreement.

                                       Sincerely yours,

                                       /s/ LUIS E. LAMELA
                                       -------------------------------------
                                       Luis E. Lamela
                                       President and Chief Executive Officer

Accepted and Agreed:

/s/ ISABEL M. DIAZ
------------------------------------
    Isabel M. Diaz<PAGE>
                                                                 EXHIBIT 10(LL)

================================================================================

                            TAX MATTERS ARRANGEMENTS

                                 by and between

                              GOODRICH CORPORATION

                                       and

                             ENPRO INDUSTRIES, INC.

                                   dated as of
                                  May 31, 2002

================================================================================

<PAGE>

                                TABLE OF CONTENTS

<TABLE>
<CAPTION>
                                                                                                                 PAGE
                                                                                                                 ----
<S>                   <C>                                                                                        <C>
ARTICLE 1             DEFINITIONS................................................................................  1

         Section 1.01          General...........................................................................  1

         Section 1.02          Schedules, etc....................................................................  5

ARTICLE 2             FILING OF TAX RETURNS; PAYMENT OF TAXES; REFUNDS...........................................  6

         Section 2.01          Preparation of Tax Returns........................................................  6

         Section 2.02          Payment of Taxes..................................................................  7

         Section 2.03          Tax Refunds and Carrybacks.......................................................  10

         Section 2.04          Allocation of Straddle Period Taxes..............................................  11

ARTICLE 3             TAX INDEMNIFICATION; TAX CONTESTS.........................................................  12

         Section 3.01          Indemnification..................................................................  12

         Section 3.02          EnPro Tax Acts...................................................................  13

         Section 3.03          Notice of Indemnity..............................................................  14

         Section 3.04          Payments.........................................................................  14

         Section 3.05          Tax Contests.....................................................................  16

         Section 3.06          Pending Coltec Litigation........................................................  16

ARTICLE 4             INTEREST CHARGE FOR LATE PAYMENTS; CURRENCY
                      CALCULATIONS; EFFECTIVE TIME OF TRANSACTIONS..............................................  16

         Section 4.01          Interest Charge for Late Payments................................................  16

         Section 4.02          Currency Calculations............................................................  17

         Section 4.03          Effective Time of Transactions...................................................  17

ARTICLE 5             COOPERATION AND EXCHANGE OF INFORMATION...................................................  17

         Section 5.01          Inconsistent Actions.............................................................  17

         Section 5.02          Ruling Request and Tax Opinion...................................................  17

         Section 5.03          Cooperation and Information Exchange.............................................  17

         Section 5.04          Tax Records......................................................................  18

ARTICLE 6             DISPUTE RESOLUTION........................................................................  18

         Section 6.01          Initial Discussions..............................................................  18

         Section 6.02          Mediation........................................................................  18

         Section 6.03          Consent to Jurisdiction..........................................................  19

ARTICLE 7             MISCELLANEOUS.............................................................................  19

         Section 7.01          Notices..........................................................................  19
</TABLE>

                                        i

<PAGE>

                                TABLE OF CONTENTS
                                   (continued)

<TABLE>
<CAPTION>
                                                                                                                 PAGE
                                                                                                                 ----
<S>                   <C>                                                                                        <C>
         Section 7.02          Interpretation...................................................................  20

         Section 7.03          Amendments; No Waivers...........................................................  21

         Section 7.04          Nonexclusive Remedies............................................................  21

         Section 7.05          Successor and Assigns............................................................  21

         Section 7.06          Third-Party Beneficiaries........................................................  21

         Section 7.07          Governing Law....................................................................  21

         Section 7.08          Counterparts; Effectiveness......................................................  21

         Section 7.09          Entire Agreement.................................................................  21

         Section 7.10          Severability.....................................................................  21

         Section 7.11          Termination......................................................................  21

         Section 7.12          Survival.........................................................................  22
</TABLE>

                                    SCHEDULES

Schedule 2.01(g)   Tax Returns to be Filed by Non-Responsible Party
Schedule 2.03(c)   Claims for Refund of Taxes

                                       ii

<PAGE>

                            TAX MATTERS ARRANGEMENTS

                  Tax Matters Arrangements, dated as of May 31, 2002 (this
"AGREEMENT"), by and between Goodrich Corporation, a New York corporation
("GOODRICH"), on its own behalf and on behalf of its subsidiaries, and EnPro
Industries, Inc., a North Carolina corporation and, as of the date hereof, a
wholly owned subsidiary of Goodrich ("ENPRO"), on its own behalf and on behalf
of its subsidiaries.

                                    RECITALS

                  A.       The Board of Directors of Coltec (as hereinafter
defined) has determined that it is appropriate and in the best interests of
Coltec and its sole shareholder to distribute all of the common stock of GPEC
(as hereinafter defined) to Goodrich (the "AEROSPACE DISTRIBUTION").

                  B.       The Board of Directors of Goodrich has determined
that it is appropriate and in the best interests of Goodrich and the holders of
Goodrich Common Stock (as hereinafter defined) to distribute all of the EnPro
Common Stock (as hereinafter defined) on a pro rata basis to the holders of
Goodrich Common Stock (the "DISTRIBUTION").

                  C.       The Aerospace Distribution and the Distribution (as
hereinafter defined) are intended to qualify as tax-free transactions (except as
to payment of cash in lieu of fractional shares) to Coltec, Goodrich and their
respective shareholders, as applicable, under Sections 361 and 355 of the Code
(as hereinafter defined); and

                  D.       Goodrich and EnPro desire to provide for and agree
upon the allocation between the Goodrich Tax Group (as hereinafter defined) and
the EnPro Tax Group (as hereinafter defined) of all responsibilities,
liabilities and benefits relating to or affecting Taxes (as hereinafter defined)
paid or payable by either of them for all taxable periods, whether beginning
before, on or after the Distribution Date (as hereinafter defined).

                                    AGREEMENT

                  NOW, THEREFORE, in consideration of the foregoing, the mutual
covenants and undertakings contained in this Agreement, and other good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, Goodrich, EnPro and Coltec hereby agree as follows:

                                   ARTICLE 1

                                   DEFINITIONS

         Section  1.01     General. As used in this Agreement, the following
terms shall have the following meanings (such meanings to be equally applicable
to both the singular and plural forms of the terms defined):

                  "Actually Realized" shall mean, (i) for purposes of
determining the timing of any Taxes (or related Tax cost or benefit) relating to
any payment, transaction, occurrence or event, the time at which the amount of
Taxes (including estimated Taxes) due and payable by any person is increased
above or reduced below, as the case may be, the amount of Taxes that such

<PAGE>

person would be required to pay but for the payment, transaction, occurrence or
event or (ii) for purposes of determining the timing of any credit or refund of
Taxes, the time at which the amount thereof is received or credited.

                  "Code" shall mean the Internal Revenue Code of 1986, as
amended, or any successor legislation.

                  "Coltec" shall mean Coltec Industries Inc, a Pennsylvania
corporation.

                  "Distribution" shall have the meaning ascribed thereto in the
recitals.

                  "Distribution Agreement" shall mean the Distribution
Agreement, dated as of May 31, 2002, by and among Goodrich, EnPro and Coltec.

                  "Distribution Date" shall mean the date on which the
Distribution occurs (or, if different, the date on which the Distribution is
deemed to occur for U.S. federal Income Tax purposes). For purposes of this
Agreement, the Distribution shall be deemed effective as of the end of the day
on the Distribution Date.

                  "Distribution Time" shall have the meaning ascribed thereto in
the Distribution Agreement.

                  "Distribution Transaction" shall mean any transaction
undertaken in connection with the Distribution and described in the Ruling
Request or the Tax Opinion.

                  "EnPro" shall have the meaning ascribed thereto in the
preamble.

                  "EnPro Common Stock" shall mean the common stock, par value
$0.01 per share, of EnPro.

                  "EnPro Tax Act" shall have the meaning set forth in Section
3.02(a).

                  "EnPro Tax Group" shall mean (i) EnPro, (ii) any corporation
which, immediately following the Distribution, is a member of the affiliated
group within the meaning of Section 1504(a)(1) of the Code, but without regard
to Section 1504(b)(3) of the Code, of which EnPro is the common parent and (iii)
any other corporate or noncorporate legal entity in which, immediately following
the Distribution, EnPro directly or indirectly owns an interest.

                  "Foreign Income Tax" shall mean any Income Tax other than a
U.S. federal, state or local Income Tax.

                  "Foreign Income Tax Return" shall mean any Income Tax Return
which is not a U.S. federal, state or local Income Tax Return.

                  "Goodrich" shall have the meaning ascribed thereto in the
preamble.

                  "Goodrich Common Stock" shall mean the common stock, par value
$5.00 per share, of Goodrich.

                                        2
<PAGE>

                  "Goodrich Tax Group" shall mean (i) Goodrich, (ii) any
corporation which, immediately following the Distribution, is a member of the
affiliated group within the meaning of Section 1504(a)(1) of the Code, but
without regard to Section 1504(b)(3) of the Code, of which Goodrich is the
common parent, (iii) any other corporate or noncorporate legal entity in hich,
immediately following the Distribution, Goodrich directly or indirectly owns an
interest and (iv) any other corporate or noncorporate legal entity (other than a
member of the EnPro Tax Group) in which, at any time prior to the Distribution,
Goodrich directly or indirectly owned an interest, but only with respect to the
period during which Goodrich so owned an interest.

                  "GPEC" shall mean Goodrich Pump and Engine Control Systems,
Inc., a Delaware corporation.

                  "Income Tax" shall mean (a) any Tax based upon, measured by,
or calculated with respect to (i) net income or profits (including, but not
limited to, any capital gains Tax, minimum Tax or any Tax on items of Tax
preference, but not including sales, use, real or personal property, gross or
net receipts, transfer or similar Taxes) or (ii) multiple bases (including, but
not limited to, corporate franchise, doing business or occupation Taxes) if one
or more of the bases which such Tax may be based upon, measured by, or
calculated with respect to is described in (i) above, or (b) any U.S. state or
local franchise Tax, including in the case of each of (a) and (b) any related
interest and any penalties, additions to such Tax or additional amounts imposed
with respect thereto by any Tax Authority.

                  "Income Tax Benefit" shall mean for any taxable period the
excess of (i) the hypothetical Income Tax liability of the taxpayer for the
taxable period calculated as if the Timing Difference or Reverse Timing
Difference, as the case may be, had not occurred but with all other facts
unchanged, over (ii) the actual Income Tax liability of the taxpayer for the
taxable period, calculated taking into account the Timing Difference or Reverse
Timing Difference, as the case may be (treating an Income Tax refund or credit
as a negative Income Tax liability for purposes of such calculation).

                  "Income Tax Detriment" shall mean for any taxable period the
excess of (i) the actual Income Tax liability of the taxpayer for the taxable
period, calculated taking into account the Timing Difference or Reverse Timing
Difference, as the case may be, over (ii) the hypothetical Income Tax liability
of the taxpayer for the taxable period, calculated as if the Timing Difference
or Reverse Timing Difference, as the case may be, had not occurred but with all
other facts unchanged (treating an Income Tax refund or credit as a negative
Income Tax liability for purposes of such calculation).

                  "Income Tax Return" shall mean any Tax Return that relates to
Income Taxes.

                  "Indemnitee" shall have the meaning set forth in Section 3.03.

                  "Indemnitor" shall have the meaning set forth in Section 3.03.

                  "Indemnity Issue" shall have the meaning set forth in Section
3.03.

                  "Intragroup Transaction" shall mean any transfer of
intellectual property between members of the Goodrich Tax Group or members of
the EnPro Tax Group or between a member

                                        3
<PAGE>

of the Goodrich Tax Group and a member of the EnPro Tax Group which occurs on or
before the Distribution Date.

                  "IRS" shall mean the Internal Revenue Service.

                  "Non-Income Tax" shall mean any Tax which is not an Income
Tax.

                  "Non-Income Tax Return" shall mean any Tax Return that relates
to Non-Income Taxes.

                  "Pending Coltec Litigation" shall mean (i) the lawsuit
commenced by Coltec against the United States by the filing of a complaint in
the United States Court of Federal Claims on or about February 8, 2001, and (ii)
any controversy relating to one or more of the same issues for any
Pre-Distribution Taxable Period subsequent to the taxable periods involved in
such lawsuit.

                  "Person" shall have the meaning ascribed thereto in the
Distribution Agreement.

                  "Post-Distribution Tax Act" shall have the meaning set forth
in Section 3.01(a).

                  "Post-Distribution Taxable Period" shall mean a taxable period
beginning after the Distribution Date.

                  "Post-Tax Indemnification Period" shall mean any
Post-Distribution Taxable Period and that portion of any Straddle Period that
begins on the day after the Distribution Date.

                  "Pre-Distribution Taxable Period" shall mean a taxable period
ending on or before the Distribution Date.

                  "Responsible Party" shall have the meaning set forth in
Section 3.05.

                  "Reverse Timing Difference" shall mean an increase in income,
gain or recapture, or a decrease in deduction, loss or credit, as calculated for
Income Tax purposes, of the taxpayer for any Tax Indemnification Period coupled
with an increase in deduction, loss or credit, or a decrease in income, gain or
recapture, of the taxpayer for any Post-Tax Indemnification Period.

                  "Ruling" shall mean the private letter ruling, including any
amendment or supplement thereto, issued by the IRS in response to the Ruling
Request.

                  "Ruling Request" shall mean the private letter ruling request
dated July 25, 2001, filed by Goodrich with the IRS (as modified or supplemented
by any materials subsequently submitted to the IRS), seeking a ruling under
Treasury Regulation Section 1.355-6(d)(5)(ii).

                  "Straddle Period" shall mean a taxable period that includes
but does not end on the Distribution Date.

                  "Tax" and "Taxes" shall mean all forms of taxation, whenever
created or imposed, and whether of the United States or elsewhere, and whether
imposed by a federal, state, municipal, governmental, territorial, local,
foreign or other body, and, without limiting the

                                        4
<PAGE>

generality of the foregoing, shall include net income, gross income, gross
receipts, sales, use, value added, ad valorem, transfer, recording, franchise,
profits, license, lease, service, service use, payroll, wage, withholding,
employment, unemployment insurance, workers compensation, social security,
excise, severance, stamp, business license, business organization, occupation,
premium, property, environmental, windfall profits, customs, duties, alternative
minimum, estimated or other taxes, fees, premiums, assessments or charges of any
kind whatever imposed or collected by any governmental entity or political
subdivision thereof, together with any related interest and any penalties,
additions to such Tax or additional amounts imposed with respect thereto by any
Tax Authority.

                  "Tax Authority" shall mean, with respect to any Tax, any
governmental entity, quasi-governmental body or political subdivision thereof
that imposes such Tax and the agency (if any) charged with the determination or
collection of such Tax for such entity, body or subdivision.

                  "Tax Group" shall mean the Goodrich Tax Group or the EnPro Tax
Group, as the case may be.

                  "Tax Indemnification Period" shall mean any Pre-Distribution
Taxable Period and that portion of any Straddle Period that ends on the
Distribution Date.

                  "Tax Opinion" shall mean the opinions of Kronish Lieb Weiner &
Hellman LLP rendered in connection with the Distribution and certain related
transactions.

                  "Tax Return" shall mean any return, filing, questionnaire,
information return, election or other document required or permitted to be
filed, including requests for extensions of time, filings made with respect to
estimated tax payments, claims for refund and amended returns that may be filed,
for any period with any Tax Authority (whether domestic or foreign) in
connection with any Tax (whether or not a payment is required to be made with
respect to such filing).

                  "Timing Difference" shall mean an increase in income, gain or
recapture, or a decrease in deduction, loss or credit, as calculated for Income
Tax purposes, of the taxpayer for any Post-Tax Indemnification Period coupled
with an increase in deduction, loss or credit, or a decrease in income, gain or
recapture, of the taxpayer for any Tax Indemnification Period.

                  "Transaction Agreements" shall mean all agreements and other
written arrangements (other than this Agreement) entered into in connection with
any Distribution Transaction.
                  Any capitalized term not otherwise defined in this Agreement
shall have the meaning ascribed to it in the Distribution Agreement.

         Section  1.02     Schedules, etc. References to a "Schedule" are,
unless otherwise specified, to one of the Schedules attached to this Agreement;
references to "Section" or "Article" are, unless otherwise specified, to one of
the Sections or Articles of this Agreement; and references to this Agreement
include the Schedules.

                                        5
<PAGE>

                                   ARTICLE 2

                FILING OF TAX RETURNS; PAYMENT OF TAXES; REFUNDS

         Section 2.01      Preparation of Tax Returns.

                  (a)      UNITED STATES FEDERAL INCOME TAX RETURNS. Goodrich
shall prepare and timely file or cause to be prepared and timely filed all U.S.
federal Income Tax Returns (including amendments thereto) which include a member
of the Goodrich Tax Group and are required to be filed for any Pre-Distribution
Taxable Period or Straddle Period. EnPro hereby irrevocably designates, and
agrees to cause each of its affiliates to so designate, Goodrich as its agent to
take any and all actions necessary or incidental to the preparation and filing
of such U.S. federal Income Tax Returns.

                  (b)      UNITED STATES STATE AND LOCAL INCOME TAX RETURNS. (i)
Goodrich shall prepare and timely file or cause to be prepared and timely filed
all U.S. state and local Income Tax Returns (including amendments thereto) which
(A) are required to be filed for any Pre-Distribution Taxable Period and include
a member of the Goodrich Tax Group or a member of the EnPro Tax Group or (B) are
required to be filed for any Straddle Period and (I) relate to a member or
members of the Goodrich Tax Group or their respective businesses, assets or
activities, (II) relate to members of both the Goodrich Tax Group and the EnPro
Tax Group or their respective businesses, assets or activities but include any
member of the EnPro Tax Group only for the period of time up to and including
the Distribution Date or (III) relate to a member of the EnPro Tax Group for a
period in which such member conducts or has conducted both an EnPro business and
a non-EnPro business. EnPro hereby irrevocably designates, and agrees to cause
each of its affiliates to so designate, Goodrich as its agent to take any and
all actions necessary or incidental to the preparation and filing of such U.S.
state and local Income Tax Returns.

                  (ii)     EnPro shall prepare and timely file or cause to be
prepared and timely filed all U.S. state and local Income Tax Returns (including
amendments thereto) which are required to be filed for any Straddle Period,
relate to a member or members of the EnPro Tax Group or their respective
businesses, assets or activities and are not the responsibility of Goodrich.

                  (c)      FOREIGN INCOME TAX RETURNS. (i) EnPro shall prepare
and timely file or cause to be prepared and timely filed all Foreign Income Tax
Returns which are required to be filed for any Straddle Period and relate to a
member or members of the EnPro Tax Group. Goodrich hereby irrevocably
designates, and agrees to cause each of its affiliates to so designate, EnPro as
its agent to take any and all actions necessary or incidental to the preparation
and filing of such Foreign Income Tax Returns.

                  (ii)     Goodrich shall prepare and timely file or cause to be
prepared and timely filed all Foreign Income Tax Returns (including amendments
thereto) which (A) are required to be filed for any Pre-Distribution Taxable
Period and include a member of the Goodrich Tax Group or the EnPro Tax Group or
(B) are required to be filed for any Straddle Period, include a member of the
Goodrich Tax Group and are not the responsibility of EnPro. EnPro hereby
irrevocably designates, and agrees to cause each of its affiliates to so
designate, Goodrich as its

                                        6
<PAGE>

agent to take any and all actions necessary or incidental to the preparation and
filing of such Foreign Income Tax Returns.

                  (d)      NON-INCOME TAX RETURNS. (i) All Non-Income Tax
Returns (including amendments thereto) for all Pre-Distribution Taxable Periods
and Straddle Periods which relate to a member of members of the Goodrich Tax
Group or their respective businesses, assets or activities shall be the
responsibility of the Goodrich Tax Group. EnPro hereby irrevocably designates,
and agrees to cause each of its affiliates to so designate, Goodrich as its
agent to take any and all actions necessary or incidental to the preparation and
filing of such Non-Income Tax Returns.

                  (ii)     All Non-Income Tax Returns (including amendments
thereto) for all Pre-Distribution Taxable Periods and Straddle Periods which
relate to a member or members of the EnPro Tax Group or their respective
businesses, assets or activities and are not the responsibility of the Goodrich
Tax Group shall be the responsibility of the EnPro Tax Group.

                  (e)      POST-DISTRIBUTION TAX RETURNS. All Tax Returns
(including amendments thereto) for all Post-Distribution Taxable Periods shall
be the responsibility of the Goodrich Tax Group if such Tax Returns relate to a
member or members of the Goodrich Tax Group or their respective businesses,
assets or activities and shall be the responsibility of the EnPro Tax Group if
such Tax Returns relate to a member or members of the EnPro Tax Group or their
respective businesses, assets or activities.

                  (f)      CONSISTENT WITH PAST PRACTICE; REVIEW BY
NON-RESPONSIBLE PARTY. Unless Goodrich and EnPro agree otherwise in writing, all
Tax Returns (including amendments thereto) described in this Section 2.01 filed
after the date of this Agreement for Pre-Distribution Taxable Periods or
Straddle Periods shall, in the absence of a change in controlling law or
circumstances, be prepared on a basis consistent with the elections, accounting
methods, conventions and principles of taxation used for the most recent taxable
periods for which Tax Returns involving similar matters have been filed. Upon
the request of the party not responsible under this Section 2.01 for preparation
of a particular Tax Return for any Pre-Distribution Taxable Period or Straddle
Period, the responsible party shall make available a draft of such Tax Return
(or relevant portions thereof) for review and comment by such non-responsible
party. Subject to the provisions of this Agreement, all decisions relating to
the preparation of Tax Returns shall be made in the sole discretion of the party
responsible under this Agreement for such preparation.

                  (g)      RESPONSIBILITY FOR FILING. Notwithstanding that,
pursuant to this Agreement, Goodrich or EnPro may be responsible for filing a
particular Tax Return, Goodrich and EnPro have agreed that the actual
preparation and filing of certain Tax Returns will be done by the
non-responsible party. Schedule 2.01(g) attached hereto sets forth a schedule
specifying such Tax Returns. Goodrich and EnPro may agree from time to time to
additions to or deletions from Schedule 2.01(g).

         Section 2.02      Payment of Taxes.

                  (a)      UNITED STATES FEDERAL INCOME TAXES. Except as
otherwise provided in this Agreement, Goodrich shall pay or cause to be paid, on
a timely basis, all Taxes

                                        7
<PAGE>

due with respect to the U.S. federal Income Tax liability for (A) all
Pre-Distribution Taxable Periods of all members of the Goodrich Tax Group and
the EnPro Tax Group and (B) the Straddle Period, the Tax Return for which
includes members of the Goodrich Tax Group.

                  (b)      UNITED STATES STATE AND LOCAL INCOME TAXES. Except as
otherwise provided in this Agreement:

                           (i)      Goodrich shall pay or cause to be paid, on a
         timely basis, all Taxes due with respect to the U.S. state and local
         Income Tax liability (A) for all Pre-Distribution Taxable Periods of
         all members of the Goodrich Tax Group and the EnPro Tax Group and (B)
         for all Straddle Periods which relate to (I) a member or members of the
         Goodrich Tax Group or their respective businesses, assets or
         activities, (II) members of both the Goodrich Tax Group and the EnPro
         Tax Group or their respective businesses, assets or activities, or
         (III) a member of the EnPro Tax Group for a period in which such member
         conducts or has conducted both an EnPro business and a non-EnPro
         business; provided, however, that EnPro, on behalf of the EnPro Tax
         Group, hereby agrees to pay directly to or at the direction of
         Goodrich, at least two days prior to the date payment (including
         estimated payment) thereof is due, the portion of such U.S. state and
         local Income Taxes which relates to a member or members of the EnPro
         Tax Group or their respective businesses, assets or activities for the
         portion of any Straddle Period which begins on the day after the
         Distribution Date, which Taxes for such portion shall be computed in
         the manner specified in Section 2.04; and

                           (ii)     EnPro shall pay or cause to be paid, on a
         timely basis, all Taxes due with respect to the U.S. state and local
         Income Tax liability for all Straddle Periods which relate to a member
         or members of the EnPro Tax Group or their respective businesses,
         assets or activities and are not the responsibility of Goodrich;
         provided, however, that Goodrich hereby agrees to pay directly to or at
         the direction of EnPro, at least two days prior to the date payment
         (including estimated payment) thereof is due, the portion of such U.S.
         state and local Income Taxes imposed in connection with the
         transactions contemplated by the Transaction Agreements or any other
         agreement entered into for the purpose of implementing the
         Distribution.

                  (c)      FOREIGN INCOME TAXES. Except as otherwise provided in
this Agreement:

                           (i)      EnPro shall pay or cause to be paid, on a
         timely basis, all Foreign Income Taxes due with respect to the Foreign
         Income Tax liability of all members of the EnPro Tax Group for all
         Pre-Distribution Taxable Periods and all Straddle Periods; provided,
         however, that Goodrich hereby agrees to pay directly to or at the
         direction of EnPro, at least two day prior to the date payment
         (including estimated payment) thereof is due, the portion of such
         Foreign Income Taxes imposed in connection with the transactions
         contemplated by the Transaction Agreements or any other agreement
         entered into for the purpose of implementing the Distribution.

                           (ii)     Goodrich shall pay or cause to be paid, on a
         timely basis, all Foreign Income Taxes due with respect to the Foreign
         Income Tax liability of all

                                        8
<PAGE>

         members of the Goodrich Tax Group for all Pre-Distribution Taxable
         Periods and Straddle Periods.

                  (d)      NON-INCOME TAXES. Except as otherwise provided in
this Agreement:

                           (i)      Goodrich shall pay or cause to be paid, on a
         timely basis, all Taxes due with respect to the Non-Income Tax
         liability for all Pre-Distribution Taxable Periods and Straddle Periods
         which relate to a member or members of the Goodrich Tax Group or their
         respective businesses, assets or activities;

                           (ii)     EnPro shall pay or cause to be paid, on a
         timely basis, all Taxes due with respect to the Non-Income Tax
         liability for all Pre-Distribution Taxable Periods and Straddle Periods
         which relate to a member of the EnPro Tax Group for a period in which
         such member conducts or has conducted both an EnPro business and a
         non-EnPro business; provided, however, that Goodrich, on behalf of the
         Goodrich Tax Group, hereby agrees to pay directly to or at the
         direction of EnPro, at least two days prior to the date payment
         (including estimated payment) thereof is due, the portion of such
         Non-Income Taxes which (A) relates to a member or members of the
         Goodrich Tax Group or their respective businesses, assets or activities
         for such Pre-Distribution Taxable Periods and Straddle Periods or (B)
         results from any Distribution Transaction or Intragroup Transaction;
         and

                           (iii)    EnPro shall pay or cause to be paid, on a
         timely basis, all Non-Income Taxes for all Pre-Distribution Taxable
         Periods and Straddle Periods which relate to the EnPro Tax Group's
         businesses, assets or activities and are neither the responsibility of
         Goodrich nor provided for in Section 2.01(d)(ii) above; provided,
         however, that Goodrich hereby agrees to pay directly to or at the
         direction of EnPro, at least two day prior to the date payment
         (including estimated payment) thereof is due, the portion of such
         Non-Income Taxes imposed in connection with any Intragroup Transaction
         or the transactions contemplated by the Transaction Agreements or any
         other agreement entered into for the purpose of implementing the
         Distribution.

                  (e)      POST-DISTRIBUTION TAXES. Except as otherwise provided
in this Agreement, all Taxes for all Post-Distribution Taxable Periods shall be
paid or caused to be paid by the party responsible under this Agreement for
filing the Tax Return pursuant to which such Taxes are due or, if no Tax Return
is required to be filed, by the party liable for such Taxes under applicable
law.

                  (f)      CREDIT FOR PRIOR TAX PAYMENTS. To the extent any
member of a Tax Group has made a payment of Taxes (including estimated Taxes) on
or before the Distribution Date, the party liable for paying such Taxes under
this Agreement shall be entitled to treat the payment as having been paid or
caused to be paid by such party, and such party shall not be required to
reimburse the party which actually paid such Taxes.

                  (g)      RESPONSIBILITY FOR PAYMENT; NOTICE OF PAYMENT DUE.
Notwithstanding that, pursuant to this Agreement, Goodrich or EnPro may be
responsible for paying a particular Tax liability, Goodrich and EnPro may agree
that the actual payment to a

                                        9
<PAGE>

Taxing Authority of certain Tax liabilities will be made by the non-responsible
party. Goodrich and EnPro may agree to prepare a schedule setting forth such Tax
liabilities and may agree from time to time to additions to or deletions from
such schedule. In each case where Goodrich or EnPro, as the case may be, is
required to make a payment of Taxes to or at the direction of the other party,
EnPro or Goodrich, as the case may be, shall notify the other party as to the
amount of Taxes due from the other party at least five days prior to the date
payment (including estimated payment) is due.

         Section 2.03      Tax Refunds and Carrybacks.

                  (a)      RETENTION AND PAYMENT OF TAX REFUNDS. Except as
otherwise provided in this Agreement, Goodrich shall be entitled to retain, or
to receive within three days after Actually Realized by the EnPro Tax Group, the
portion of all refunds or credits of Taxes for which the Goodrich Tax Group is
liable pursuant to Section 2.02 or Section 3.01(a) or which the Goodrich Tax
Group is treated as having paid or caused to be paid pursuant to Section
2.02(f), including, without limitation, all refunds or credits of Taxes
resulting from the Pending Coltec Litigation. EnPro shall be entitled to retain,
or to receive within three days after Actually Realized by the Goodrich Tax
Group, the portion of all refunds or credits of Taxes for which the EnPro Tax
Group is liable pursuant to Section 2.02 or Section 3.01(b) (including all
Non-Income Taxes for which EnPro would have been liable pursuant to Section
2.02(d) had such Non-Income Taxes been due and not paid) or which the EnPro Tax
Group is treated as having paid or caused to be paid pursuant to Section
2.02(f). The amount of any refund or credit of Taxes which Goodrich or EnPro is
entitled to retain or receive pursuant to this Section 2.03(a) shall be reduced
to take account of any Taxes incurred by the EnPro Tax Group, in the case of a
refund or credit to which Goodrich is entitled, or the Goodrich Tax Group, in
the case of a refund or credit to which EnPro is entitled, upon the receipt of
such refund or credit.

                  (b)      CARRYBACKS. EnPro shall be entitled, where permitted
by law, to (i) elect to carry back to a Pre-Distribution Taxable Period or
Periods any net operating loss, net capital loss, charitable contribution or
other Tax item attributable to the EnPro Tax Group arising after the
Distribution Date or (ii) elect to carry forward any such Tax item. Except as
otherwise provided in this Agreement, notwithstanding the provisions of Section
2.03(a), any refund or credit of Taxes resulting from the carryback to a Tax
Indemnification Period of any Tax item attributable to the Goodrich Tax Group or
the EnPro Tax Group arising in a Post-Tax Indemnification Period shall be for
the account and benefit of the Goodrich Tax Group; provided, however, that (i)
if the Goodrich Tax Group Actually Realizes a Tax benefit that would not have
been realized but for the carryback of an EnPro Tax item (whether for the
carryback year or any other year), Goodrich shall pay to EnPro, within ten days
after such Tax benefit has been Actually Realized, an amount equal to 50% of
such Tax benefit and (ii) if a Tax audit or amendment of a Tax Return results in
an increase or decrease in the amount of any Tax benefit Actually Realized by
the Goodrich Tax Group on account of the carryback of an EnPro Tax item,
Goodrich or EnPro, as the case may be, shall pay to the other party, within ten
days after such an increase has been Actually Realized, or within ten days after
Goodrich has notified EnPro that such a decrease has been Actually Realized, an
amount equal to 50% of such increase or decrease, as the case may be.

                  (c)      REFUND CLAIMS. Goodrich shall be permitted to file at
Goodrich's sole expense, and EnPro shall reasonably cooperate with Goodrich in
connection with, any

                                       10
<PAGE>

claims for refund of Taxes to which Goodrich is or would be entitled pursuant to
this Section 2.03 or any other provision of this Agreement, including those
described on Schedule 2.03(c). Goodrich shall reimburse EnPro for any reasonable
out-of-pocket costs and expenses incurred by any member of the EnPro Tax Group
in connection with such cooperation. EnPro shall be permitted to file at EnPro's
sole expense, and Goodrich shall reasonably cooperate with EnPro in connection
with, any claims for refunds of Taxes to which EnPro is or would be entitled
pursuant to this Section 2.03 or any other provision of this Agreement. EnPro
shall reimburse Goodrich for any reasonable out-of-pocket costs and expenses
incurred by any member of the Goodrich Tax Group in connection with such
cooperation.

         Section 2.04      Allocation of Straddle Period Taxes. In the case of
any Straddle Period:

                  (a)      PERIODIC TAXES. (i) The periodic Taxes of a member of
the Goodrich Tax Group or the EnPro Tax Group or its business, assets or
activities that are not based on income or receipts (e.g., property Taxes) for
the portion of any Straddle Period ending on the Distribution Date shall be
computed based on the ratio of the number of days in such portion of the
Straddle Period and the number of days in the entire taxable period; and (ii)
the periodic Taxes of a member of the Goodrich Tax Group or the EnPro Tax Group
or its business, assets or activities that are not based on income or receipts
for the portion of any Straddle Period beginning on the day after the
Distribution Date shall be computed based on the ratio of the number of days in
such portion of the Straddle Period and the number of days in the entire taxable
period.

                  (b)      NON-PERIODIC TAXES. (i) The Taxes of a member of the
Goodrich Tax Group or the EnPro Tax Group or its business, assets or activities
(other than Taxes described in Section 2.04(a) above) for the portion of any
Straddle Period ending on the Distribution Date shall be computed on a
"closing-of-the-books" basis as if such taxable period ended as of the close of
business on the Distribution Date, and, in the case of any Taxes of a member of
the Goodrich Tax Group or the EnPro Tax Group or its business, assets or
activities with respect to any equity interest in any partnership or other
"flowthrough" entity, as if the taxable period of such partnership or other
"flowthrough" entity ended on the Distribution Date; and (ii) the Taxes of a
member of the Goodrich Tax Group or the EnPro Tax Group or its business, assets
or activities (other than Taxes described in Section 2.04(a) above) for the
portion of any Straddle Period beginning after the Distribution Date shall be
computed on a "closing-of-the-books" basis as if such taxable period began on
the day after the Distribution Date, and, in the case of any Taxes of a member
of the Goodrich Tax Group or the EnPro Tax Group or its business, assets or
activities with respect to any equity interest in any partnership or other
"flowthrough" entity, as if the taxable period of such partnership or other
"flowthrough" entity began as of the day after the Distribution Date.

                  (c)      The Taxes of the Goodrich Tax Group and the EnPro Tax
Group with respect to any Straddle Period for which the Tax Return includes a
member, or the respective business, assets, or activities of a member, of each
of the Goodrich Tax Group and the EnPro Tax Group shall be allocated between the
Goodrich Tax Group and the EnPro Tax Group in a manner analogous to that set
forth in Treasury Regulation Section 1.1552-1(a)(2).

                                       11
<PAGE>

                                   ARTICLE 3

                        TAX INDEMNIFICATION; TAX CONTESTS

         Section 3.01      Indemnification.

                  (a)      GOODRICH INDEMNIFICATION. Subject to Section 3.01(b)
and Section 3.02, Goodrich shall indemnify, defend and hold harmless each member
of the EnPro Tax Group and each of their respective shareowners, directors,
officers, employees and agents and each of the heirs, executors, successors and
assigns of any of the foregoing from and against:

                           (i)      all Taxes of the Goodrich Tax Group;

                           (ii)     all Taxes of the EnPro Tax Group for (A) all
         Pre-Distribution Taxable Periods and (B) the portion of all Straddle
         Periods prior to and including the Distribution Date, which Taxes for
         such portion shall be computed in the manner specified in Section 2.04;

                           (iii)    all liability as a result of Treasury
         Regulation Section 1.1502-6(a) (which imposes several liability on
         members of an affiliated group that files a U.S. federal consolidated
         Income Tax return), or any comparable U.S. state or local provision,
         for Income Taxes of any person which is or has ever been affiliated
         with any member of the Goodrich Tax Group or with which any member of
         the Goodrich Tax Group joins or has ever joined (or is or has ever been
         required to join) in filing any consolidated, combined or unitary
         Income Tax Return for any Pre-Distribution Taxable Period or Straddle
         Period, but only for the period during which such person is or was
         affiliated with a member of the Goodrich Tax Group or joins or joined
         (or is or was required to join) with a member of the Goodrich Tax Group
         in filing any consolidated, combined or unitary Income Tax Return;

                           (iv)     all Taxes for any Tax period (whether
         beginning before, on or after the Distribution Date) that would not
         have been payable but for the breach by any member of the Goodrich Tax
         Group of any representation, warranty, covenant or obligation under
         this Agreement;

                           (v)      all liability for a breach by any member of
         the Goodrich Tax Group of any representation, warranty, covenant or
         obligation under this Agreement;

                           (vi)     all Income Taxes and Non-Income Taxes
         imposed in connection with the transactions contemplated by the
         Transaction Agreements or any other agreement entered into for the
         purpose of implementing the Distribution;

                           (vii)    all Taxes for which Goodrich is liable
         pursuant to Section 3.02; and

                           (viii)   all liability for any reasonable legal,
         accounting, appraisal, consulting or similar fees and expenses relating
         to the foregoing.

                                       12
<PAGE>

Notwithstanding the foregoing and subject to Section 3.01(b) and Section 3.02,
Goodrich shall not indemnify, defend or hold harmless any member of the EnPro
Tax Group from any liability for Taxes attributable to any action (including the
making of an election under Section 338 of the Code) taken by any member of the
EnPro Tax Group after the Distribution (other than any such action expressly
required or otherwise expressly contemplated by the Transaction Agreements or
any other agreement entered into for the purpose of implementing the
Distribution or taken in the ordinary course of business) (hereinafter a
"POST-DISTRIBUTION TAX ACT").

                  (b)      ENPRO INDEMNIFICATION. EnPro shall be liable for, and
shall indemnify, defend and hold harmless each member of the Goodrich Tax Group
and each of their respective shareowners, directors, officers, employees and
agents and each of the heirs, executors, successors and assigns of any of the
foregoing from and against:

                           (i)      all Taxes of any member of the EnPro Tax
         Group (other than Taxes for which Goodrich provides indemnification
         pursuant to Section 3.01(a));

                           (ii)     all Taxes for any Tax period (whether
         beginning before, on or after the Distribution Date) that would not
         have been payable but for the breach by any member of the EnPro Tax
         Group of any representation, warranty, covenant or obligation under
         this Agreement;

                           (iii)    all liability for a breach by any member of
         the EnPro Tax Group of any representation, warranty, covenant or
         obligation under this Agreement;

                           (iv)     all Taxes for which EnPro is liable pursuant
         to Section 3.02;

                           (v)      all Taxes attributable to a
         Post-Distribution Tax Act; and

                           (vi)     all liability for any reasonable legal,
         accounting, appraisal, consulting or similar fees and expenses relating
         to the foregoing.

         SECTION 3.02      EnPro Tax Acts.

                  (a)      Notwithstanding anything to the contrary in Section
3.01, EnPro agrees to indemnify, defend and hold harmless each member of the
Goodrich Tax Group and each of their respective shareowners, directors,
officers, employees and agents and each of the heirs, executors, successors and
assigns of any of the foregoing from and against any Taxes resulting from any
action or failure to act by any member of the EnPro Tax Group which causes (i)
the Distribution to fail to qualify as tax-free to Goodrich under Section 361(c)
of the Code or (ii) any pre-Distribution transaction undertaken in connection
with the Distribution to become taxable (hereinafter an "ENPRO TAX ACT").

                  (b)      EnPro shall, and shall cause each member of the EnPro
Tax Group to, comply with and take no action inconsistent with the
representation letter delivered by EnPro in connection with the Tax Opinion,
unless, pursuant to a favorable ruling letter obtained from the IRS which is
satisfactory to Goodrich or the advice of Kronish Lieb Weiner & Hellman LLP or
other nationally recognized tax counsel to Goodrich, which advice shall be
satisfactory to Goodrich, such act or omission would not adversely affect the
U.S. federal Income Tax consequences of the Distribution to Goodrich or the
shareowners of Goodrich. Notwithstanding

                                       13
<PAGE>

Section 3.01(b)(iii), 3.01(b)(iv) and 3.01(b)(vi), the parties intend that the
sole remedy for breach of the covenants contained in this Section 3.02(b) shall
be as set forth in Section 3.02(a).

                  (c)      Notwithstanding the foregoing, an EnPro Tax Act shall
not include any transaction or action specifically disclosed or specifically
described in any of the Transaction Agreements or any action taken on or prior
to the Distribution Date. An EnPro Tax Act shall not include any action on the
part of any member of the Goodrich Tax Group. Goodrich agrees to indemnify and
hold each member of the EnPro Tax Group harmless from and against any Taxes
resulting from the failure of the Distribution to qualify as tax-free to
Goodrich under Section 361(c) of the Code, except where such failure is
attributable to an EnPro Tax Act.

         Section 3.03      Notice of Indemnity. Whenever a party hereto
(hereinafter an "INDEMNITEE") becomes aware of the existence of an issue raised
by any Tax Authority which could reasonably be expected to result in a
determination that would increase the liability for any Tax of the other party
hereto or any member of its Tax Group for any Tax period or require a payment
hereunder by the other party (hereinafter an "INDEMNITY ISSUE"), the Indemnitee
shall in good faith promptly give notice to such other party (hereinafter the
"INDEMNITOR") of such Indemnity Issue. The failure of the Indemnitee to give
such notice shall not relieve the Indemnitor of its obligations under this
Agreement, except to the extent such Indemnitor or a member of its Tax Group is
actually prejudiced by such failure to give notice.

         Section 3.04      Payments.

                  (a)      TIMING ADJUSTMENTS. Timing Differences. If a Tax
audit proceeding or an amendment of a Tax Return results in a Timing Difference,
and such Timing Difference results in an Income Tax Benefit to the Goodrich Tax
Group, then in each Post-Tax Indemnification Period in which the EnPro Tax Group
Actually Realizes an Income Tax Detriment, Goodrich shall pay to EnPro an amount
equal to such Income Tax Detriment; provided, however, that the aggregate
payments which Goodrich shall be required to make under this Section 3.04(a)(i)
with respect to any Timing Difference shall not exceed the aggregate amount of
the Income Tax Benefits realized by the Goodrich Tax Group for all taxable
periods and the EnPro Tax Group for all Tax Indemnification Periods as a result
of such Timing Difference. Goodrich shall make all such payments within ten days
after EnPro notifies Goodrich that the relevant Income Tax Detriment has been
Actually Realized.

                  (ii)     Reverse Timing Differences. If a Tax audit proceeding
or an amendment of a Tax Return results in a Reverse Timing Difference, and,
such Reverse Timing Difference results in an Income Tax Detriment to the
Goodrich Tax Group, then in each Post-Tax Indemnification Period in which the
EnPro Tax Group Actually Realizes an Income Tax Benefit, EnPro shall pay to
Goodrich within ten days after EnPro has Actually Realized such Income Tax
Benefit an amount equal to such Income Tax Benefit; provided, however, that the
aggregate payments which EnPro shall be required to make under this Section
3.04(a)(ii) with respect to any Reverse Timing Difference shall not exceed the
aggregate amount of the Income Tax Detriments suffered by the EnPro Tax Group
and the Goodrich Tax Group for all Tax Indemnification Periods as a result of
such Reverse Timing Difference.

                  (b)      TIME FOR PAYMENT. Except as otherwise provided in
this Section 3.04(b), any indemnity payment required to be made pursuant to this
Agreement shall be paid

                                       14
<PAGE>

within thirty days after the Indemnitee makes written demand upon the
Indemnitor, provided that in no event shall such payment be required to be made
earlier than five business days prior to the date on which the relevant Taxes
(including estimated Taxes) are required to be paid (or would be required to be
paid if no such Taxes are due) to the relevant Tax Authority. Notwithstanding
any other provision in this Agreement, to simplify the administration of this
Agreement, the payment of any amount less than $100,000 required to be made
pursuant to this Agreement by one party hereto to the other party hereto need
not be made to such other party prior to thirty days following the later of (i)
the close of the calendar quarter during which such payment obligation arose and
(ii) the day during such calendar quarter when the aggregate amount of all such
less than $100,000 payment obligations arising during such calendar quarter
exceeds $500,000. Unless otherwise specified by the recipient for items
exceeding $250,000, any such payment may be made on a net Tax basis (i.e.,
reduced to take account of any net Tax benefit to be realized by the recipient
(computed at the effective Tax rate set forth in Section 3.04(c)) to the extent
such recipient is entitled to a corresponding deduction.

                  (c)      PAYMENTS NET OF TAXES AND TAX BENEFITS. The amount of
any payment under this Agreement shall be (i) reduced to take into account any
net Tax benefit realized by the recipient's Tax Group arising from the
incurrence or payment by such Tax Group of any amount in respect of which such
payment is made and (ii) increased to take into account any net Tax cost
incurred by the Tax Group as a result of the receipt or accrual of payments
hereunder (grossed-up for such increase), in each case determined by treating
the recipient as recognizing all other items of income, gain, loss, deduction or
credit before recognizing any item arising from the receipt or accrual of any
payment hereunder. In determining the amount of any such Tax benefit or Tax
cost, the recipient's Tax Group shall be deemed to be subject to (A) U.S.
federal Income Taxes and Foreign Income Taxes at the maximum statutory rate then
in effect and (B) U.S. state and local Income Taxes at an assumed rate of five
percent (tax effected at such maximum statutory U.S. federal Income Tax rate).
Except as otherwise provided in this Agreement or unless the parties otherwise
agree to an alternative method for determining the present value of any such
anticipated Tax benefit or Tax cost, any payment hereunder shall initially be
made without regard to this Section and shall be increased or reduced to reflect
any such net Tax cost (including gross-up) or net Tax benefit only after the
recipient's Tax Group has Actually Realized such Tax cost or Tax benefit.

                  (d)      RIGHT TO OFFSET. Any party making a payment under
this Agreement shall have the right to reduce any such payment by any undisputed
amounts owed to it by the other party to this Agreement.

                  (e)      CHARACTERIZATION OF PAYMENTS. This Agreement defines
certain obligations undertaken by Goodrich and Coltec, which will be a member of
the EnPro Tax Group, in connection with certain pre-Distribution transactions
between (i) Coltec and GPEC, which will be a member of the Goodrich Tax Group,
and (ii) Goodrich and EnPro. Notwithstanding that this Agreement provides for
payments relating to Taxes and refunds or credits of Taxes to be made by EnPro
to or at the direction of Goodrich, the actual payment obligation is an
obligation of Coltec to GPEC, and such payments relating to Taxes and refunds or
credits of Taxes shall be made by Coltec to or at the direction of GPEC. It is
the intention of the parties to this Agreement that payments made pursuant to
this Agreement be treated as relating back to the pre-Distribution transactions
between Coltec and GPEC and between Goodrich and EnPro as adjustments to capital
(i.e., capital contributions to GPEC or EnPro, as

                                       15
<PAGE>

the case may be), and the parties shall not take any position inconsistent with
such intention before any Tax Authority, except to the extent that a final
determination (as defined in Section 1313 of the Code) with respect to the
recipient party causes any such payment not to be so treated.

         Section 3.05      Tax Contests. The Indemnitor and its representatives,
at the Indemnitor's expense, shall be entitled to participate (a) in all
conferences, meetings and proceedings with any Tax Authority, the subject matter
of which is or includes an Indemnity Issue, and (b) in all appearances before
any court, the subject matter of which is or includes an Indemnity Issue. The
party which has responsibility for filing the Tax Return under this Agreement
(hereinafter the "RESPONSIBLE PARTY") with respect to which there could be an
increase in liability for any Tax or with respect to which a payment could be
required hereunder shall have the right to decide as between the parties hereto
how such matter is to be dealt with and finally resolved with the appropriate
Tax Authority and shall control all audits and similar proceedings; provided,
however, that Goodrich shall be treated as the Responsible Party with respect to
any Tax Return filed by any member of the EnPro Tax Group for any
Pre-Distribution Taxable Period ending on or before the acquisition of Coltec by
Goodrich. If no Tax Return is or was required to be filed in respect of an
Indemnity Issue, the Indemnitor shall be treated as the Responsible Party with
respect thereto. The Responsible Party agrees to cooperate with the other party
in the settlement of any Indemnity Issue and to take such other party's
interests into account. Notwithstanding any other provision of this Agreement,
if Goodrich has materially satisfied its obligations under this Agreement and
EnPro fails to permit Goodrich to control any audit or proceeding regarding any
Indemnity Issue relating to (a) the qualification of the Distribution as
tax-free to Goodrich under Section 361(c) of the Code or (b) the qualification
of any transaction undertaken pursuant to the Transaction Agreements or
described in the Ruling Request or the Tax Opinion as a transaction described in
Section 355 of the Code, a "reorganization" within the meaning of Section
368(a)(1)(D) of the Code, or an otherwise tax-free transaction, then Goodrich
shall not be liable for and shall not indemnify the EnPro Tax Group for any Tax
deficiency resulting from an adverse determination of such Indemnity Issue.

         Section 3.06      Pending Coltec Litigation. Notwithstanding anything
in this Agreement to the contrary, Goodrich shall have the right to control all
decisions (including, without limitation, the choice of counsel, the decision
whether or not to settle and the decision whether or not to appeal), and shall
bear the burden of all expenses, relating to the Pending Coltec Litigation.
EnPro shall reasonably cooperate, and shall cause all members of the EnPro Tax
Group to reasonably cooperate, with Goodrich in connection with the Pending
Coltec Litigation. Goodrich shall reimburse EnPro for any reasonable
out-of-pocket costs and expenses incurred by any member of the EnPro Tax Group
in connection with such cooperation.

                                   ARTICLE 4

                       INTEREST CHARGE FOR LATE PAYMENTS;
                        CURRENCY CALCULATIONS; EFFECTIVE
                              TIME OF TRANSACTIONS

         Section 4.01      Interest Charge for Late Payments. Any amount due and
owing by one party to the other party pursuant to this Agreement that is not
paid when due shall bear interest from the due date thereof until paid at a rate
equal to the rate(s) of interest per annum

                                       16
<PAGE>

announced from time to time by Citibank N.A. (or its successor) as its U.S.
prime rate, plus one percent.

         Section 4.02      Currency Calculations. All currency calculations
shall be made in accordance with standard accounting procedures of the Goodrich
Tax Group.

         Section 4.03      Effective Time of Transactions. Goodrich and EnPro
agree that any transaction which, pursuant to the Distribution Agreement, is
expressly effective immediately after the Distribution Time shall be treated for
federal Income Tax purposes as occurring at the beginning of the day following
the Distribution Date.

                                   ARTICLE 5

                     COOPERATION AND EXCHANGE OF INFORMATION

         Section 5.01      Inconsistent Actions. Each party to this Agreement
agrees (i) to, and to cause each of the relevant members of its Tax Group to,
report the Distribution as a transaction described in Section 355 of the Code
undertaken pursuant to the plan relating to a "reorganization" described in
Section 368(a)(1)(D) of the Code on all Tax Returns and other filings, (ii) to
use its best efforts to ensure that the Distribution receives such treatment for
U.S. federal Tax purposes and (iii) that, unless it has obtained the prior
written consent of the other party, it (and the members of its Tax Group) shall
not take any action inconsistent with, or fail to take any action required by,
the Transaction Agreements.

         Section 5.02      Ruling Request and Tax Opinion. Each party hereto
represents that neither it nor any of the members of its Tax Group has taken, or
has any plan or intention to take, any action which is inconsistent with any
factual statements, representations or other similar conditions contained in the
Ruling Request, the Ruling or the Tax Opinion.

         Section 5.03      Cooperation and Information Exchange. Each party
hereto agrees to provide, and to cause each member of its Tax Group to provide,
such cooperation and information as the other party hereto shall request, on a
timely basis, in connection with the preparation or filing of any Tax Return or
claim for Tax refund not inconsistent with this Agreement or in conducting any
Tax audit, Tax dispute, or otherwise in respect of Taxes or to carry out the
provisions of this Agreement. To the extent necessary to carry out the purposes
of this Agreement and subject to the other provisions of this Agreement, such
cooperation and information shall include, without limitation, promptly
forwarding copies of appropriate notices and forms or other communications
received from or sent to any Tax Authority which relate to the EnPro Tax Group
for the Tax Indemnification Period and providing copies of all relevant Tax
Returns for the Tax Indemnification Period, together with accompanying schedules
and related workpapers, documents relating to rulings or other determinations by
Tax Authorities, including, without limitation, foreign Tax Authorities, and
records concerning the ownership and Tax basis of property, which either party
may possess. Each party to this Agreement shall make, or shall cause its
affiliates to make, employees and facilities available on a mutually convenient
basis to provide an explanation of any documents or information provided
hereunder.

                                       17
<PAGE>

         Section 5.04      Tax Records.

                  (a)      Goodrich and EnPro agree to (and to cause each member
of their respective Tax Groups to) (i) retain all Tax Returns, related schedules
and workpapers, and all material records and other documents relating thereto as
required under Section 6001 of the Code and the regulations promulgated
thereunder which exist on the date hereof or are created through the
Distribution Date, for a period of at least ten years following the Distribution
Date and (ii) allow the other party to this Agreement, at times and dates
reasonably acceptable to the retaining party, to inspect, review and make copies
of such records, as Goodrich and EnPro may reasonably deem necessary or
appropriate from time to time. In addition, after the expiration of such
ten-year period, such Tax Returns, related schedules and workpapers, and
material records shall not be destroyed or otherwise disposed of at any time,
unless the party proposing to destroy or otherwise dispose of such records shall
have provided no less than 30 days' prior written notice to the other party,
specifying in reasonable detail the records proposed to be destroyed or disposed
of. If a recipient of such notice requests in writing prior to the scheduled
date for such destruction or disposal that any of the records proposed to be
destroyed or disposed of be delivered to such requesting party, the party
proposing the destruction or disposal shall promptly arrange for the delivery of
such requested records at the expense of the party requesting such records.

                  (b)      Notwithstanding anything in this Agreement to the
contrary, if any party fails to comply with the requirements of Section 5.04(a)
hereof, the party failing so to comply shall be liable for, and shall hold the
other party harmless from, any Taxes (including, without limitation, penalties
for failure to comply with the record retention requirements of the Code) and
other costs resulting from such party's failure to comply.

                                   ARTICLE 6

                               DISPUTE RESOLUTION

         Section 6.01      Initial Discussions. Any dispute arising under or
relating to this Agreement shall be first discussed by the parties hereto.
Either party may initiate such discussions by giving the other party written
notice specifying in detail the nature of the dispute. Within 15 days after
delivery of the notice, the party receiving the notice shall submit a written
response, which shall include a statement of such party's position, to the other
party. Within ten days after delivery of the response, the parties shall meet at
a mutually acceptable time and place, and thereafter as often as they reasonably
deem necessary, to attempt to resolve the dispute. All reasonable requests for
information made by either party to the other party shall be honored.

         Section 6.02      Mediation. If the dispute is not resolved within 30
business days (or such other period as agreed upon by the parties) following the
submission of the dispute to the chief executive officers, the parties shall
attempt to resolve the dispute employing non-binding mediation under the
then-current CPR Mediation Procedure. If within ten business days (or any other
period agreed upon by the parties) after the commencement of such mediation the
dispute still has not been resolved, each of the parties may pursue any
available legal or equitable remedy.

                                       18
<PAGE>

         Section 6.03      Consent to Jurisdiction. Any suit, action or other
proceeding seeking to enforce any provision of, or based on any matter arising
out of or in connection with, this Agreement or the transactions contemplated
hereby may be brought only in a court of competent jurisdiction sitting in the
State of New York, and each of the parties hereby (a) agrees not to commence any
such suit, action or other proceeding except in such a court, (b) consents to
the jurisdiction of any such court (and of the appropriate appellate courts
therefrom) in such suit, action or other proceeding and (c) irrevocably waives,
to the fullest extent permitted by law, any objection which it may now or
hereafter have the right to claim (i) to the laying of the venue of any such
suit, action or other proceeding in any such court or (ii) that any such suit,
action or other proceeding which is brought in any such court has been brought
in an inconvenient forum. Notwithstanding the foregoing, each party agrees that
a final judgment in any such suit, action or other proceeding shall be
conclusive and may be enforced by suit on the judgment in any jurisdiction or in
any other manner provided at law or in equity. Process in any such suit, action
or other proceeding may be served on either party anywhere in the world, whether
within or without the jurisdiction of any such court. Without limiting the
foregoing, each party agrees that service of any process on such party hand
delivered or sent by U.S. registered mail to such party's address set forth in
Section 7.01 shall be deemed effective service of process on such party.

                                   ARTICLE 7

                                  MISCELLANEOUS

         Section 7.01      Notices. All notices, requests, consents and other
communications hereunder must be in writing and will be deemed to have been duly
given (a) when received if personally delivered or sent by facsimile, (b) one
business day after being sent by nationally recognized overnight delivery
service or (c) five business days after being sent by nationally registered or
certified mail, return receipt requested, postage prepaid, and in each case
addressed as follows (any party by written notice to the other party in the
manner prescribed by this section may change the address or the persons to whom
notices thereof shall be directed):

                  (a)      If to Goodrich:

                                Goodrich Corporation
                                Four Coliseum Centre
                                2730 W. Tyvola Road
                                Charlotte, North Carolina 28217
                                Attention: Paul V. Cappiello
                                Director, Tax
                                Telecopy:  (704) 423-7139
                                E-mail:  paul.cappiello@goodrich.com

                  with a copy to:

                                Goodrich Corporation
                                Four Coliseum Centre
                                2730 W. Tyvola Road
                                Charlotte, North Carolina 28217

                                       19
<PAGE>

                                Attention:  Terrence Linnert
                                Senior Vice President, Human Resources
                                and Administration, General Counsel and
                                Secretary
                                Telecopy:  (704) 423-7011
                                E-mail:  terry.linnert@goodrich.com

                  (b)      If to EnPro:

                                EnPro Industries, Inc.
                                5605 Carnegie Boulevard, Suite 500
                                Charlotte, North Carolina 28209-4674
                                Attention:  Nathaniel E. Standing
                                Director, Tax
                                Telecopy:  (704) 731-1531
                                E-mail:  nat.standing@enproindustries.com

                  with a copy to:

                                EnPro Industries, Inc.
                                5605 Carnegie Boulevard, Suite 500
                                Charlotte, North Carolina 28209-4674
                                Attention:  Richard L. Magee
                                Senior Vice President,
                                General Counsel and
                                Secretary
                                Telecopy:  (704) 731-1531
                                E-mail:  rick.magee@enproindustries.com

                  Section 7.02      Interpretation. The headings contained in
this Agreement are solely for convenience of reference and shall not be given
any effect in the construction or interpretation of this Agreement. Whenever the
word "including" is used in this Agreement, it shall be deemed to be followed by
the words "without limitation." Whenever a reference is made in this Agreement
to a "party" or "parties," such reference shall be to a party or parties to this
Agreement unless otherwise indicated. The use of any gender herein shall be
deemed to be or include the other genders and the use of the singular herein
shall be deemed to include the plural (and vice versa), wherever appropriate.
Whenever a reference is made in this Agreement to an Article, Section, or
Schedule, such reference shall be to an Article or Section of, or a Schedule to,
this Agreement unless otherwise indicated. The use of the words "hereof" and
"herein" and words of similar import shall refer to this entire Agreement and
not to any particular article, or section of this Agreement, unless the context
clearly indicates otherwise. Each party stipulates and agrees that the rule of
construction to the effect that any ambiguities are to be resolved against the
drafting party shall not be employed in the interpretation of this Agreement to
favor any party against the other, and that no party, including any drafting
party, shall have the benefit of any legal presumption (including "meaning of
the authors") or the detriment of any burden of proof by reason of any ambiguity
or uncertain meaning contained in this Agreement.

                                       20
<PAGE>

         Section 7.03      Amendments; No Waivers.

                  (a)      Any provision of this Agreement may be amended or
waived if, and only if, such amendment or waiver is in writing and signed, in
the case of an amendment, by each party, or in the case of a waiver, by the
party against whom the waiver is to be effective.

                  (b)      No failure or delay by any party in exercising any
right, power or privilege hereunder shall operate as a waiver thereof nor shall
any single or partial exercise thereof preclude any other further exercise
thereof or the exercise of any other right, power or privilege.

         Section 7.04      Nonexclusive Remedies. The rights and remedies
herein provided shall be cumulative and not exclusive of any rights or remedies
provided by law.

         Section 7.05      Successor and Assigns. The provisions of this
Agreement shall be binding upon and inure to the benefit of the parties hereto
and their respective successors and assigns; provided that neither party may
assign, delegate or otherwise transfer any of its rights or obligations under
this Agreement without the prior written consent of the other party, which
consent shall not be unreasonably withheld.

         Section 7.06      Third-Party Beneficiaries. Except for the provisions
of Article 3 relating to Tax indemnification, nothing contained in this
Agreement is intended nor shall it confer upon any person or entity, other than
the parties hereto and the members of their respective Tax Groups, successors
and permitted assigns, any benefit, right or remedies under or by reason of this
Agreement.

         Section 7.07      Governing Law. This Agreement shall be construed in
accordance with and governed by the law of the State of New York, without regard
to the conflict of laws principles thereof.

         Section 7.08      Counterparts; Effectiveness. This Agreement may be
signed in any number of counterparts, each of which shall be an original, with
the same effect as if the signatures thereto and hereto were upon the same
instrument.

         Section 7.09      Entire Agreement. This Agreement constitutes the
entire understanding of the parties with respect to the subject matter hereof
and supersedes all prior agreements, understandings and negotiations, both
written and oral, between the parties with respect to the subject matter hereof.

         Section 7.10      Severability. If any one or more of the provisions
contained in this Agreement should be declared invalid, illegal or unenforceable
in any respect, the validity, legality and enforceability of the remaining
provisions contained in this Agreement shall not in any way be affected or
impaired thereby so long as the economic or legal substance of the transactions
contemplated hereby is not affected in any manner materially adverse to any
party. Upon such a declaration, the parties shall modify this Agreement so as to
effect the original intent of the parties as closely as possible in an
acceptable manner so that the transactions contemplated hereby are consummated
as originally contemplated to the fullest extent possible.

         Section 7.11      Termination. Notwithstanding any provision in this
Agreement to the contrary, this Agreement may be terminated at any time prior to
the Distribution, without

                                       21
<PAGE>

penalty or liability, by and in the sole and absolute discretion of Goodrich by
written notice to EnPro and without the approval of EnPro.

         Section 7.12      Survival. All covenants and agreements of the
parties contained in this Agreement shall survive the Distribution Date.

                [REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK]

                                       22
<PAGE>

             IN WITNESS WHEREOF, the parties hereto have caused this
Agreement to be duly executed by their respective authorized officers as of the
date first above written.

                           GOODRICH CORPORATION

                           By:  /s/  Kenneth L. Wagner
                              -------------------------------------------
                              Name: Kenneth L. Wagner
                              Title: Assistant Secretary

                           ENPRO INDUSTRIES, INC.

                           By:  /s/  Richard L. Magee
                              -------------------------------------------
                              Name: Richard L. Magee
                              Title: Senior Vice President, Secretary and
                                     General Counsel

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