Exhibit 10.6 GUARANTY THIS GUARANTY dated as of SEPTEMBER 1, 1997 (the "Guaranty") from SPURLOCK INDUSTRIES, INC., a business corporation organized and existing under the laws of the State of Virginia and having an address of 5090 General Mahone Highway, Waverly, Virginia 23890 (the "Guarantor") to D.B. WESTERN, INC., a business corporation organized and existing under the laws of the State of Oregon and having an office at 1360 Airport Lane, North Bend, Oregon 97459 (the "Lessor"); WITNESETH: WHEREAS, Spurlock Adhesives, Inc. (the "Company") and the Lessor have agreed to enter into a lease of plant equipment and facilities dated as of the 30th day of September, 1997 (the "Lease Agreement"); and WHEREAS, the Guarantor is willing to enter into this Guaranty in order to induce the Lessor to enter into the Lease Agreement; NOW, THEREFORE, in consideration of the premises herein contained, the Guarantor does hereby covenant and agree with the Lessor as follows: The Guarantor unconditionally guarantees prompt performance and payment of all obligations set forth in the Lease Agreement when due. The Guarantor shall pay all costs and expenses, including attorneys' fees, incurred in the collection of the money due under said Lease Agreement. Neither the renewal or extension of the Lease Agreement, nor the acceptance, release, or surrender of any security therefor, nor the release of the Company, nor any delay in the enforcement of payments under the Lease Agreement, nor any other delay or omission in the exercise of any right or power under the Lease Agreement, shall affect the liability of the Guarantor. The liability of the Guarantor on this guaranty shall be direct, and not conditional or contingent on the pursuit of any remedies against the Company. The Guarantor expressly waives presentment, protest, demand, notice of dishonor or default, notice of acceptance of this guaranty, and notice of any kind with respect to the Lease Agreement. The Guarantor consents to be bound by all the terms and provisions of the Lease Agreement. This Guaranty is binding upon the Guarantor, its successors and assigns. IN WITNESS WHEREOF, the Guarantor has caused this Guaranty to be duly executed and delivered in its name by its duly Authorized Representative all as of the day and year first above written. SPURLOCK INDUSTRIES, INC. By: /s/ Irvine R. Spurlock ------------------------------- Name: Irvine R. Spurlock Title: President Accepted September ___, 1997: D.B. WESTERN, INC. By: /s/ Dennis C. Beetham ------------------------------- Name: Dennis C. Beetham Title: President STATE OF Virginia ) )SS.: CITY OF Richmond ) On this 30th day of September, 1997, before me personally came Irvine R. Spurlock, to me known, who being by me duly sworn, did depose and say that he resides at , that he is the President of SPURLOCK INDUSTRIES, INC. the corporation described in and which executed the foregoing instrument, and that he signed his name thereto by order of the Board of Directors of said corporation. /s/ Bonnie O. Cross ------------------------------- Notary Public My commission expires: Feb. 28, 1998