Contribution Agreement

CONTRIBUTION AGREEMENT


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by and between


GOODRICH CORPORATION


and


ENPRO INDUSTRIES, INC.


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DATED AS OF MAY 31, 2002


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TABLE OF CONTENTS


Page 1. DEFINITIONS.............................................................................................1


1.1 "1933 Act".....................................................................................1


1.2 "Aerospace Segment"............................................................................1


1.3 "Affiliate"....................................................................................1


1.4 "Agreement"....................................................................................1


1.5 "Closing"......................................................................................2


1.6 "Closing Date".................................................................................2


1.7 "Coltec".......................................................................................2


1.8 "Coltec Stock".................................................................................2


1.9 "Coltec Entities"..............................................................................2


1.10 "Company"......................................................................................2


1.11 "Company Stock"................................................................................2


1.12 "Contributed Assets"...........................................................................2


1.13 "Distribution".................................................................................2


1.14 "EIP Segment"..................................................................................2


1.15 "Governmental Authority".......................................................................2


1.16 "Laws".........................................................................................2


1.17 "Lien".........................................................................................2


1.18 "Losses".......................................................................................3


1.19 "Parent".......................................................................................3


1.20 "Permitted Liens"..............................................................................3


1.21 "Person".......................................................................................3


1.22 "Plan of Reorganization".......................................................................3


1.23 "Promissory Note"..............................................................................3


2. CONTRIBUTION OF THE CONTRIBUTED ASSETS; ISSUANCE OF COMPANY STOCK.......................................3


2.1 Contribution of the Contributed Assets.........................................................3


2.2 Issuance of Company Stock......................................................................3


3. CLOSING.................................................................................................3


3.1 General........................................................................................3


3.2 Documents to be Delivered by Parent............................................................4


3.3 Documents to be Delivered by the Company........................................................4


4. REPRESENTATIONS AND WARRANTIES..........................................................................4


4.1 Representation and Warranties of Parent........................................................4


4.2 Representations and Warranties of the Company..................................................5


5. CONDITIONS TO CLOSING...................................................................................6


5.1 Condition Precedent to the Company's Obligations...............................................6


5.2 Condition Precedent to Parent's Obligations....................................................6


6. INDEMNIFICATION.........................................................................................7


6.1 Indemnification by the Company.................................................................7


6.2 Indemnification by Parent......................................................................7


7. MISCELLANEOUS...........................................................................................7


7.1 Termination....................................................................................7


7.2 Amendment......................................................................................7


7.3 Notices........................................................................................7


7.4 Waivers........................................................................................8


7.5 Assignment.....................................................................................8


7.6 Complete Agreement.............................................................................8


7.7 Governing Law..................................................................................8


7.8 Severability...................................................................................8


7.9 Captions; References; Construction.............................................................8


7.10 Parties in Interest............................................................................8


7.11 Expenses.......................................................................................9


7.12 Counterparts...................................................................................9


ANNEXES AND SCHEDULES


Annex A Plan of Reorganization
Annex B Form of Promissory Note


Schedule 1.9 Coltec Entities


ii


CONTRIBUTION AGREEMENT


Contribution Agreement, dated as of May 31, 2002 (this "AGREEMENT"), by and between Goodrich Corporation, a New York corporation ("PARENT"), and EnPro Industries, Inc., a North Carolina corporation (the "COMPANY").


RECITALS:


A. Parent and the Company have entered into an Agreement and Plan of Corporate Separation and Reorganization, dated as of May 20, 2002 (the "PLAN OF REORGANIZATION"), attached hereto as ANNEX A.


B. Parent is a diversified global enterprise engaged directly and indirectly in an aerospace segment (the "AEROSPACE SEGMENT") and indirectly through its wholly owned subsidiary, Coltec Industries Inc, a Pennsylvania corporation ("COLTEC"), in an engineered industrial products segment ("EIP SEGMENT").


C. Parent desires to separate the Aerospace Segment from the EIP Segment.


D. The Company desires, pursuant to the Plan of Reorganization, to acquire from Parent the Contributed Assets, and in full consideration and exchange therefor is willing to issue to Parent the Company Stock upon the terms and subject to the conditions set forth in this Agreement.


E. Parent desires, pursuant to the Plan of Reorganization, to contribute and transfer the Contributed Assets to the Company in full consideration and in exchange for the Company Stock upon the terms and subject to the conditions set forth in this Agreement.


AGREEMENT:


NOW, THEREFORE, in consideration of the foregoing, the representations, warranties, covenants and undertakings contained in this Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Parent and the Company hereby agree as follows:


1. DEFINITIONS


1.1 "1933 ACT" means the Securities Act of 1933, as amended.


1.2 "AEROSPACE SEGMENT" has the meaning set forth in the recitals to this Agreement.


1.3 "AFFILIATE" has the meaning ascribed thereto in Rule 405 promulgated under the 1933 Act.


1.4 "AGREEMENT" has the meaning set forth in the preamble to this Agreement.


1.5 "CLOSING" has the meaning set forth in SECTION 3.1.


1.6 "CLOSING DATE" has the meaning set forth in SECTION 3.1.


1.7 "COLTEC" has the meaning set forth in the recitals to this Agreement.


1.8 "COLTEC STOCK" means all of the issued and outstanding shares of capital stock of Coltec.


1.9 "COLTEC ENTITIES" means Coltec and all of the direct and indirect subsidiaries of Coltec listed on SCHEDULE 1.9.


1.10 "COMPANY" has the meaning set forth in the preamble to this Agreement.


1.11 "COMPANY STOCK" means an amount of shares of common stock of the Company, $0.01 par value, equal to the difference of (x) the number of shares of common stock of the Company equal to one fifth of the number of ...