Document:

<PAGE>
                                                                    EXHIBIT 10.6

                                    GUARANTY

         THIS GUARANTY (as may be amended, supplemented or otherwise modified
from time to time, the "GUARANTY") is made as of this 18th day of October, 2005
in favor of the Covered Persons (as defined herein) by Gray Television, Inc., a
Georgia corporation ("GRAY").

                                    RECITALS

         A. Triple Crown Media, Inc., a Delaware corporation ("TCM"), is a newly
formed, wholly-owned subsidiary of Gray.

         B. TCM was capitalized with $.10, and has no other assets.

         C. Gray is considering spinning off all of the shares of capital stock
of TCM to its shareholders (the "SPIN-OFF").

         D. Immediately prior to the Spin-Off, Gray would contribute
substantially all of the assets of its newspaper publishing business and
GrayLink Wireless business to TCM, and TCM would assume certain liabilities.

         E. TCM and Gray, as the sole shareholder of TCM, are considering the
merger of Bull Run Corporation, a Georgia corporation ("BULL RUN"), with and
into a wholly-owned subsidiary of TCM immediately following the Spin-Off (the
"MERGER").

         F. TCM has entered into a letter agreement in favor of the Covered
Persons (as defined herein) dated as of the date hereof pursuant to which it has
agreed to indemnify each of the Covered Person for any liabilities (including
expenses) that any of the Covered Persons may incur by reason of their status as
a proposed director of TCM (the "INDEMNITY LETTER").

         NOW, THEREFORE, to induce the Covered Persons to serve and act for TCM
and agree to be named in the Registration Statement on Form S-1/S-4 of TCM in
connection with the Spin-Off and the Merger, and in consideration of the
substantial benefit Gray will derive from the acts and service of such Covered
Persons, and other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, and intending to be legally bound hereby, Gray
hereby agrees as follows:

         1.01 "COVERED PERSON" means each person who has been selected as a
proposed director of TCM upon the consummation of the Merger.

         1.02 Gray irrevocably and unconditionally guarantees to the Covered
Persons the prompt, punctual and full performance of all of TCM's
indemnification and contribution obligations (including the advancement of
expenses) arising under, in accordance with and subject to, the Delaware General
Corporation Law, TCM's amended and restated certificate of incorporation, TCM's
bylaws, any resolutions of TCM's board of directors or any committee thereof, or
otherwise, as they may exist from time to time, and the Indemnity Letter, in
respect of actions or omissions by the Covered Persons occurring between
September 13, 2005 and the date on which each of the Covered Persons becomes a
director of TCM ("GUARANTEED OBLIGATIONS").

<PAGE>

         1.03 It shall not be necessary or required that any Covered Person
exercise any right, assert any claim or demand or enforce any remedy whatsoever
against TCM before or as a condition to the obligations of the Gray under this
Guaranty.

         1.04 Notwithstanding paragraph 1.03, Gray shall have the right to
recover from TCM for any payments made by Gray to the Covered Persons in
satisfaction of any claims against Gray under this Guaranty.

         1.05 Gray hereby acknowledges and agrees that the terms, covenants and
provisions contained in TCM's certificate of incorporation and bylaws may be
altered, modified and amended without any agreement or consent of Gray, and Gray
agrees that this Guaranty and its liabilities hereunder shall be in no way
affected, diminished or released by any such alteration, modification or
amendment.

         1.06 This Guaranty is a continuing guaranty and will remain in full
force and effect.

         1.07 Gray represents and warrants to the Covered Persons that (i) it is
a corporation duly organized, validly existing and in good standing under the
laws of the State of Georgia, (ii) it has all requisite corporate power and
authority to enter into this Guaranty, (iii) the execution and delivery of this
Guaranty and the performance by Gray of its obligations hereunder have been duly
authorized by all necessary corporate action on the part of Gray, (iv) this
Guaranty has been duly executed and delivered by Gray and (v) this Guaranty
constitutes a valid and binding obligation of Gray, in accordance with its
terms.

         1.08 No invalidity, irregularity or unenforceability of this Guaranty
shall affect, impair or be a defense to this Guaranty.

         1.09 The obligations of Gray are subject to any defenses available to
TCM (other than defenses of bankruptcy, reorganization, insolvency, moratorium
or other laws affecting the enforcement of creditors' rights generally) and Gray
is entitled to all rights of set off, counterclaims, claims for indemnity or any
other rights that may be exercised by TCM.

         1.10 No delay or failure on the part of a Covered Person to exercise
any power or right given under TCM's certificate of incorporation or bylaws or
under this Guaranty shall be a waiver and no right or remedy of a Covered Person
shall be considered abridged or modified by any course of conduct.

         1.11 This Guaranty and all claims arising hereunder shall be governed
by and construed and enforced in accordance with the laws of the State of
Delaware, without giving effect to the principals of conflicts of laws thereof.

         1.12 This Guaranty is binding upon Gray and its successors or assigns.

                            [SIGNATURE PAGE FOLLOWS.]

                                       2
<PAGE>

         IN WITNESS WHEREOF, the undersigned hereby sign, seal and deliver this
Guaranty.

                                               GRAY TELEVISION, INC.

                                               By: /s/ Robert S. Prather, Jr.
                                                   ----------------------------
                                                   Name: Robert S. Prather, Jr.
                                                   Title: President and Chief
                                                          Operating Officer

                                               Address for Notice:
                                               Gray Television, Inc.
                                               4370 Peachtree Road, NE
                                               Atlanta, GA 30319
                                               Attn: James C. Ryan
                                               Fax: (404) 261-9607

FOR PURPOSES OF SECTION 1.04 ONLY:

TRIPLE CROWN MEDIA, INC.

By: /s/ James C. Ryan
    ----------------------------
    Name: James C. Ryan
    Title: Chief Financial Officer and Secretary

Address for Notice:
Triple Crown Media, Inc.
546 East Main Street
Lexington, KY 40508
Attn: James C. Ryan
Fax: (859) 226-4356EX-10.1

 

Exhibit 10.1

SIXTH AMENDMENT

TO CREDIT AGREEMENT

     This SIXTH AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) dated as of October 19, 2005 is
among each of the parties named as a Borrower on the signature pages hereto (collectively, the
“Borrowers”; each, individually, a “Borrower”), the financial institutions party hereto (the
“Lenders”), and Bank of America., N.A., for itself and as agent for the Lenders (the “Agent”).
Capitalized terms used and not otherwise defined herein shall have the meanings assigned to them in
the Credit Agreement defined below.

RECITALS:

     A. The Agent and the Lenders are parties to that certain Credit Agreement dated as of May 16,
2002, as amended, supplemented, restated or otherwise modified from time to time (the “Credit
Agreement”), among the Borrowers, the Agent and the Lenders.

     B. The Borrowers, the Agent and the Lenders have agreed to certain amendments to the Credit
Agreement as described herein and subject to the terms and conditions set forth herein.

     NOW, THEREFORE, in consideration of the mutual agreements contained herein, and for other good
and valuable consideration, the receipt, adequacy and sufficiency of which are hereby acknowledged,
the parties hereto hereby agree as follows:

     1. Amendments to Credit Agreement. Subject to the terms and conditions contained in
Section 2 hereof:

     (a) The Credit Agreement is hereby amended by adding the following to the Debt described on
Schedule 6.9:

     Debt under the Convertible Debentures in a maximum principal amount of up to
$172,500,000, provided that a portion of the proceeds thereof shall be used
(together with cash on hand) to pay in full all amounts owing under the TIDES in
connection with the Parent’s incurrence of the Debt under the Convertible
Debentures.

     (b) The Credit Agreement is hereby amended by deleting Section 7.10 and replacing it with the
following:

     7.10 Distributions; Restricted Investments

     (a) None of the Parent, any Borrower nor any of their respective Subsidiaries
shall directly or indirectly declare or make, or incur any liability to make, any
Distribution, except (i) Distributions to a Borrower by its Subsidiaries or by any
such Subsidiary to any other Subsidiary (provided that no Borrower nor any
Subsidiary Guarantor may declare or pay any Distribution to any Person that is not a

 

 

Borrower or a Subsidiary Guarantor), (ii) so long as no Default or Event of
Default shall have occurred and be continuing at the time of such Distribution,
Distributions from any Borrower or any Subsidiary of any Borrower to the Parent in
an amount during any twelve (12) month period, which when added to all other amounts
received by the Parent during such period from any Borrower or any Subsidiary of any
Borrower from any source (including, without limitation, payments on any Debt of
such Borrower or any of their respective Subsidiaries held by the Parent, but
excluding Distributions received by the Parent in accordance with clauses
(iii), (iv) and (v) below) shall not exceed 120% of the Parent’s
actual operating expenses during such period, (iii) so long as no Default or Event
of Default shall have occurred and be continuing at the time of declaration or after
giving effect to the payment thereof, (A) the Parent may make Distributions to the
extent that, after giving effect thereto, Excess Availability shall be at least
$30,000,000, and (B) the Borrowers and their Subsidiaries may make Distributions to
the Parent in the amount of, and concurrently with, the Distribution permitted to be
made by the Parent under clause (A) above in order to enable the Parent to
make such Distribution, (iv) so long as no Default or Event of Default shall have
occurred and be continuing at the time of declaration or after giving effect to the
payment thereof, the Borrowers and their Subsidiaries may make Distributions to the
Parent in the amount of, and concurrently with, any Permitted Restricted Investment
or Permitted Foreign Subsidiary Investment permitted to be made by the Parent under
Section 7.10(b) in order to enable the Parent to make such Permitted
Restricted Investment or Permitted Foreign Subsidiary Investment, and (v) the
Borrowers and their Subsidiaries may make Permitted Convertible Debenture
Distributions.

     (b) None of the Parent, any Borrower nor any of their respective Subsidiaries
shall directly or indirectly declare or make, or incur any liability to make, any
Restricted Investment other than (i) Permitted Restricted Investments, (ii)
Permitted Foreign Subsidiary Investments, (iii) Permitted Excess Collateral Provider
Loans, (iv) Debt among the Borrowers and their respective Subsidiaries to the extent
expressly permitted by Section 7.13(b), (d), (e),
(f), (k) and (l), (v) Permitted Purchase Money Acquisitions,
(vi) the purchase by Coltec of the Membership Interests in accordance with the terms
of the CIP/GGB Purchase Agreement in exchange for the Coltec Subordinated Note, and
the contribution of certain assets from Garlock Sealing to Garlock Bearing in
accordance with the terms of the GGB Contribution Agreement, (vii) the contribution
of certain membership interests in Stemco from Garlock Sealing to Stemco Holdings
Delaware in accordance with the terms of the Stemco Contribution Agreement, and the
sale of the assets of Stemco LP (TX) to Stemco LP (DE) in accordance with the terms
of the Stemco Purchase Agreement in exchange for the Stemco Subordinated Note, and
(viii) contributions of proceeds of the Convertible Debentures from the Parent to
Coltec.

     (c) The Credit Agreement is hereby amended by deleting Section 9.1(d) and replacing it with
the following:

     (d) any default shall occur or exist with respect to any Debt (other than the
Obligations) of the Parent, any Borrower or any of their respective Subsidiaries in
an

2

 

outstanding principal amount which exceeds $2,000,000, if Excess Availability
is equal to or less than $30,000,000, or which exceeds $7,500,000, if Excess
Availability is greater than $30,000,000, or under any agreement or instrument under
or pursuant to which any such Debt may have been issued, created, assumed, or
guaranteed by the Parent, any Borrower or any of their respective Subsidiaries, and
such default shall continue for more than the period of grace, if any, therein
specified, if the effect thereof (with or without the giving of notice or further
lapse of time or both) is to accelerate, or to permit the holders of any such Debt
to accelerate, the maturity of any such Debt; or any such Debt shall be declared due
and payable or be required to be prepaid (other than by a regularly scheduled
required prepayment) prior to the stated maturity thereof, other than in the case of
a required prepayment of the Convertible Debentures if no default exists thereunder
and such prepayment is permitted pursuant to Section 7.14; or the Parent,
any Borrower or any of their respective Subsidiaries shall default beyond any
applicable grace period in the payment of principal of, or interest on, any such
Debt when due (whether at the final maturity thereof or otherwise);

     (d) Annex A to the Credit Agreement is hereby amended by adding the following new definitions
in alphabetical order:

     “Convertible Debentures” means the Convertible Senior Debentures Due
2015, bearing interest at a per annum rate not to exceed 5%, to be issued by the
Parent in a maximum principal amount of up to $172,500,000 substantially in
accordance with the terms described in the draft Offering Memorandum attached hereto
as Exhibit F.

     “Permitted Convertible Debenture Distributions” means (a) so long as no
Default or Event of Default shall have occurred and be continuing at the time of
declaration or after giving effect to the payment thereof, Distributions by the
Borrowers and their Subsidiaries to the Parent in the amount of, and concurrently
with, any regularly scheduled interest payments due under the Convertible
Debentures; and (b) so long as no Default or Event of Default shall have occurred
and be continuing at the time of declaration or after giving effect to the payment
thereof, Distributions by the Borrowers and their Subsidiaries to the Parent in the
amount of, and concurrently with, any principal payments due under the Convertible
Debentures, any cash payments due upon any conversion of the Convertible Debentures
or any prepayments of the Convertible Debentures permitted pursuant to Section
7.14, in each case to the extent that, after giving effect to any such
Distribution, Excess Availability shall be at least $30,000,000.

     (e) Without limitation of any of the other terms of the definition of “Funded Debt” set forth
in Annex A of the Credit Agreement, the parties hereto acknowledge that the principal balance of
the Convertible Debentures shall constitute Funded Debt, but that the outstanding principal balance
of the TIDES shall not constitute Funded Debt during the 90-day period following the issuance of
the Convertible Debentures.

     (f) The Credit Agreement is hereby amended by adding Exhibit F thereto in the form of Exhibit
F attached to this Amendment.

3

 

     2. Conditions Precedent. The effectiveness of the amendments contained in Section 1
above is subject to, and contingent upon, the satisfaction of each of the following conditions
precedent, each in form and substance satisfactory to the Agent and the Lenders, unless the same
shall otherwise be waived in writing by the Agent and the Lenders in their sole and absolute
discretion:

     (a) the Agent shall have received duly executed counterparts of this Amendment signed by each
Borrower, the Agent and each Lender;

     (b) the representations and warranties of each Borrower contained herein shall be true and
correct;

     (c) the Agent shall have received a Reaffirmation of Guaranty from the Parent and each
Subsidiary Guarantor in the form attached hereto;

     (d) the Agent shall have received a copy of the final Offering Memorandum for the Convertible
Debentures (the “Final Offering Memorandum”), as certified by a Responsible Officer of Coltec,
which Final Offering Memorandum shall be substantially in the form of Exhibit F attached hereto;
and

     (e) the Agent shall have received such certificates, opinions and other agreements and items
relating to this Amendment and the transactions contemplated hereby as the Agent may request.

     3. Delivery of Indenture. The Borrowers agree to deliver, or cause the Parent to
deliver, to the Agent and each Lender a copy of the Indenture to be issued by the Parent with
respect to the Convertible Debentures, which Indenture shall be on terms consistent with the Final
Offering Memorandum.

     4. Reference to and Effect on the Credit Agreement. Except as expressly provided
herein, the Credit Agreement shall remain unmodified and in full force and effect and each Borrower
hereby ratifies and confirms all its obligations and liabilities thereunder after giving effect to
this Amendment.

     5. Representations and Warranties. Each Borrower hereby represents and warrants to the
Agent and each Lender that: (a) this Amendment and the actions on such Borrower’s part contemplated
hereby have been duly approved by all requisite action on the part of such Borrower; (b) this
Amendment and each of the other documents executed and delivered by such Borrower in connection
herewith have been duly executed and delivered and constitute the legal, valid, and binding
obligations of such Borrower, enforceable against such Borrower in accordance with their respective
terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization,
moratorium or other similar laws affecting creditors’ rights generally, by general equitable
principles or by principles of good faith and fair dealing; and (c) the execution, delivery and
performance of this Amendment and each of the other documents executed and delivered by such
Borrower in connection herewith do not and will not violate or conflict with any provision of such
Borrower’s Articles or Certificate of Incorporation or by-laws or other constitutive documents in
effect on the date hereof, or any contracts or agreements to which such Borrower is a party or by
which any of its assets are bound. Each Borrower further hereby represents and warrants to the
Agent and each

4

 

Lender that the representations and warranties of such Borrower contained in the Loan Documents are
true and correct in all material respects on and as of the date hereof to the same extent as though
made on and as of the date hereof, other than any such representation or warranty which relates to
a specified prior date. Each Borrower further represents and warrants to the Agent and each Lender
that no Event of Default exists under any Loan Document.

     6. Miscellaneous.

     (a) This Amendment shall be binding upon and inure to the benefit of the parties hereto and
their respective successors and assigns; provided, however, no Borrower may assign
this Amendment or any of its rights or obligations hereunder without the prior written consent of
the Agent and the Lenders.

     (b) This Amendment (together with the Credit Agreement) constitutes the entire agreement
between the parties with respect to the subject matter hereof, and supersedes all prior
negotiations, representations, warranties, commitments, offers, letters of interest or intent,
proposal letters, contracts, writings or other agreements or understandings with respect thereto.

     (c) No waiver and no modification or amendment of any provision of this Amendment shall be
effective unless specifically made in writing and duly signed by the party to be bound thereby.

     (d) Paragraph and subparagraph titles, captions and headings herein are inserted only as a
matter of convenience and for reference and in no way define, limit, extend or describe the scope
of this Amendment or the intent of any provision hereof.

     (e) No failure or delay on the part of any party hereto to exercise any right, power or
privilege hereunder or under any instrument executed pursuant hereto shall operate as a waiver nor
shall any single or partial exercise of any right, power or privilege preclude any other or further
exercise thereof or the exercise of any other right, power or privilege.

     (f) Each Borrower affirms and acknowledges that this Amendment shall be a Loan Document for
all purposes of the Credit Agreement.

     (g) Any reference to the Credit Agreement contained in any notice, request, certificate or
other document executed concurrently with or before or after the execution and delivery of this
Amendment shall be deemed to include this Amendment unless the context shall otherwise specify.

     (h) This Amendment may be executed in any number of counterparts and by different parties
hereto in separate counterparts, each of which when so executed and delivered shall be deemed to be
an original and all of which taken together shall constitute one and the same instrument.

     (i) THE VALIDITY, INTERPRETATION AND ENFORCEMENT OF THIS AMENDMENT AND ANY DISPUTE ARISING OUT
OF OR IN CONNECTION WITH THIS AMENDMENT, WHETHER SOUNDING IN CONTRACT, TORT, EQUITY OR OTHERWISE,
SHALL BE GOVERNED BY THE LAWS AND DECISIONS OF THE STATE OF NORTH CAROLINA.

5

 

     (j) The Borrowers agree to pay all of the Agent’s out-of-pocket costs and expenses incurred in
connection with this Amendment (including, without limitation, the reasonable fees and expenses of
outside counsel).

[Remainder of this page intentionally left blank.]

6

 

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

	 	 	 	 	 	 	 
	 	 	“BORROWERS”	 	 
	 
	 	 	 	 	 	 
	 	 	COLTEC INDUSTRIES INC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert D. Rehley	 	 
	 	 	 	 	 	 	 
	 	 	Name: Robert D. Rehley	 	 
	 	 	Title: Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	COLTEC INDUSTRIAL PRODUCTS LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert D. Rehley	 	 
	 	 	 	 	 	 	 
	 	 	Name: Robert D. Rehley	 	 
	 	 	Title: Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	GARLOCK SEALING TECHNOLOGIES LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ John R. Mayo	 	 
	 	 	 	 	 	 	 
	 	 	Name: John R. Mayo	 	 
	 	 	Title: Vice President and Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	GGB, LLC, formerly known as Glacier Garlock	 	 
	 	 	Bearing LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert D. Rehley	 	 
	 	 	 	 	 	 	 
	 	 	Name: Robert D. Rehley	 	 
	 	 	Title: Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	STEMCO LLC	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert D. Rehley	 	 
	 	 	 	 	 	 	 
	 	 	Name: Robert D. Rehley	 	 
	 	 	Title: Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	CORROSION CONTROL CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert D. Rehley	 	 
	 	 	 	 	 	 	 
	 	 	Name: Robert D. Rehley	 	 
	 	 	Title: Treasurer	 	 

 

 

	 	 	 	 	 	 	 
	 	 	“AGENT” and “LENDERS”	 	 
	 
	 	 	 	 	 	 
	 	 	BANK OF AMERICA, N.A.,	 	 
	 	 	as the Agent and a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Andrew A. Doherty	 	 
	 	 	 	 	 	 	 
	 	 	Name: Andrew A. Doherty	 	 
	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 	 	CITICORP USA, INC.,	 	 
	 	 	as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Miles D. McManus	 	 
	 	 	 	 	 	 	 
	 	 	Name: Miles D. McManus	 	 
	 	 	Title: Vice President and Director	 	 
	 
	 	 	 	 	 	 
	 	 	WACHOVIA BANK, NATIONAL	 	 
	 	 	ASSOCIATION, as a Lender	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Joe T. Curdy	 	 
	 	 	 	 	 	 	 
	 	 	Name: Joe T. Curdy	 	 
	 	 	Title: Vice President	 	 

 

 

REAFFIRMATION OF PARENT GUARANTEE

October 19, 2005

Bank of America, N.A., as Agent

300 Galleria Parkway NW

Suite 800

Atlanta, Georgia 30339

Please refer to (1) the Credit Agreement dated as of May 16, 2002 (as amended, supplemented,
restated or otherwise modified from time to time, the “Credit Agreement”), among each of
the “Borrowers” named therein, the “Lenders” named therein and Bank of America, N.A., as agent for
the Lenders (the “Agent”) and (2) the Parent Guarantee dated May 16, 2002 (as amended, the
“Guarantee”) by EnPro Industries, Inc. (“Guarantor”) in favor of the Agent.
Pursuant to the Sixth Amendment to Credit Agreement (the “Amendment”) dated as of even date
herewith among the Borrowers, the Agent, and the Lenders signatory thereto, the Credit Agreement
has been amended in accordance with the terms and conditions of the Amendment.

Guarantor hereby (i) acknowledges and reaffirms all of its obligations and undertakings under the
Guarantee, and (ii) acknowledges and agrees that subsequent to, and taking into account all of the
terms and conditions of the Amendment, the Guarantee is and shall remain in full force and effect
in accordance with the terms thereof

	 	 	 	 	 	 	 
	 	 	ENPRO INDUSTRIES, INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert D. Rehley	 	 
	 	 	 	 	 	 	 
	 	 	Name: Robert D. Rehley	 	 
	 	 	Title: Treasurer	 	 

 

 

REAFFIRMATION OF SUBSIDIARY GUARANTEE

October 19, 2005

Bank of America, N.A., as Agent

300 Galleria Parkway NW

Suite 800

Atlanta, Georgia 30339

Please refer to (1) the Credit Agreement dated as of May 16, 2002 (as amended, supplemented,
restated or otherwise modified from time to time, the “Credit Agreement”), among each of
the “Borrowers” named therein, the “Lenders” named therein and Bank of America, N.A., as agent for
the Lenders (the “Agent”) and (2) the Subsidiary Guarantee dated May 16, 2002 (as amended,
the “Guarantee”) by each of the undersigned (each, a “Guarantor”) in favor of the
Agent. Pursuant to the Sixth Amendment to Credit Agreement (the “Amendment”) dated as of
even date herewith among the Borrowers, the Agent, and the Lenders signatory thereto, the Credit
Agreement has been amended in accordance with the terms and conditions of the Amendment.

Each Guarantor hereby (i) acknowledges and reaffirms all of its obligations and undertakings under
the Guarantee, and (ii) acknowledges and agrees that subsequent to, and taking into account all of
the terms and conditions of the Amendment, the Guarantee is and shall remain in full force and
effect in accordance with the terms thereof.

	 	 	 	 	 	 	 
	 	 	QFM SALES AND SERVICES, INC.,	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert D. Rehley	 	 
	 	 	 	 	 	 	 
	 	 	Name: Robert D. Rehley	 	 
	 	 	Title: Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	COLTEC INTERNATIONAL SERVICES CO.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert D. Rehley	 	 
	 	 	 	 	 	 	 
	 	 	Name: Robert D. Rehley	 	 
	 	 	Title: Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	GARRISON LITIGATION MANAGEMENT	 	 
	 	 	GROUP, LTD.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Paul L. Grant, Jr.	 	 
	 	 	 	 	 	 	 
	 	 	Name: Paul L. Grant, Jr.	 	 
	 	 	Title: President	 	 

 

 

	 	 	 	 	 	 	 
	 	 	GGB, INC., formerly known as Glacier Garlock	 	 
	 	 	Bearings Inc.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert D. Rehley	 	 
	 	 	 	 	 	 	 
	 	 	Name: Robert D. Rehley	 	 
	 	 	Title: Treasurer	 	 
	 
	 	 	 	 	 	 
	 	 	GARLOCK INTERNATIONAL INC.	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ John R. Mayo	 	 
	 	 	 	 	 	 	 
	 	 	Name: John R. Mayo	 	 
	 	 	Title: Vice President and Secretary	 	 
	 
	 	 	 	 	 	 
	 	 	GARLOCK OVERSEAS CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ John R. Mayo	 	 
	 	 	 	 	 	 	 
	 	 	Name: John R. Mayo	 	 
	 	 	Title: Vice President and Secretary

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