Document:

2007 Stock Incentive Plan

 EXHIBIT 10.29 
 SIERRA BANCORP 
 2007 STOCK INCENTIVE PLAN 
 Adopted February 15, 2007 
 The
purpose of the Sierra Bancorp 2007 Stock Incentive Plan (the “Plan”) is to (i) encourage selected employees and directors of Sierra Bancorp (the “Company”) and its subsidiaries to acquire a proprietary and vested interest in
the growth and performance of the Company; (ii) generate an increased incentive to contribute to the Company’s future success and prosperity, thus enhancing the value of the Company for the benefit of shareholders; and (iii) enhance
the ability of the Company and its subsidiaries to attract and retain individuals of exceptional talent upon whom, in large measure, the sustained progress, growth and profitability of the Company depend. 
 Section 2. Definitions 
 For purposes of the
Plan, the following terms have the following meanings: 
 (a) “Award” means any award under the Plan, including any Option or
Restricted Stock Award. 
 (b) “Award Agreement” means, with respect to each Award, the signed written agreement between the
Company and the Participant setting forth the terms and conditions of the Award. 
 (c) “Board” means Board of Directors of the
Company. 
 (d) “Code” means the Internal Revenue Code of 1986, as amended from time to time, and any successor statute.

 (e) “Committee” means the Compensation Committee of Sierra Bancorp and Bank of the Sierra. 
 (f) “Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and any successor statute. 
 (g) “Holder” means the holder of a Restricted Stock Award granted under Section 7. 
 (h) “Incentive Option” means any Option intended to be and designated as an “incentive stock option” within the meaning of
Section 422 of the Code. 
 (i) “Issue Date” shall mean the date established by the Board or the Committee on which
Certificates representing shares of Restricted Stock shall be issued by the Company pursuant to the terms of Section 7(b). 
 (j)
“Nonqualified Stock Option” means any Option that is not an Incentive Option. 

 (k) “Option” means an option granted under Section 6. 
 (l) “Optionee” means the holder of an Option granted under Section 6. 
 (m) “Participant” means an employee or director who is selected by the Board or the Committee to receive an Award under the Plan. 

(n) “Restricted Stock” or “Restricted Stock Award” means an Award of Stock subject to restrictions, as more fully described in
Section 7. 
 (o) “Restriction Period” means the period determined by the Board or the Committee under Section 7(b).

 (p) “Rule 16b-3” means Rule 16b-3 under Section 16(b) of the Exchange Act, as amended from time to time, and any successor
rule. 
 (q) “Stock” means the Common Stock, no par value, of the Company, and any successor security. 
 (r) “Terminating Event” means: (i) the acquisition of more than fifty percent (50%) of the value or voting power of the
Company’s stock or that of its wholly owned subsidiary, Bank of the Sierra (the “Bank”) by a person (including an entity) or group; (ii) the acquisition in a period of twelve (12) months or less of at least thirty-five
percent (35%) of the Bank’s or the Company’s stock by a person or group; (iii) the replacement of a majority of the Bank’s or the Company’s Board in a period of twelve (12) months or less by directors who were not
endorsed by a majority of the current Board members; or (iv) the acquisition in a period of twelve (12) months or less of forty percent (40%) or more of the Company’s assets by an unrelated entity. 
 (s) “Termination” means, for purposes of the Plan, with respect to a Participant, that (a) if the Participant is a director of the
Company, he or she has ceased to be, for any reason, a director and (b) if the Participant is an employee, he or she has ceased to be, for any reason, employed by the Company or a subsidiary. 
 (t) “Termination for Cause” in the case of an employee, shall mean termination for malfeasance or gross misfeasance in the performance of
duties, conviction of illegal activity in connection therewith, any conduct seriously detrimental to the interests of the Company or a subsidiary corporation, or removal pursuant to the exercise of regulatory authority by the Board of Governors of
the Federal Reserve System (the “FRB”) or any applicable bank supervisory agency; and, in any event, the determination of the Board with respect thereto shall be final and conclusive. In the case of a director, Termination for Cause shall
mean removal pursuant to Sections 302 or 304 of the California Corporations Code or removal pursuant to the exercise of regulatory authority by the FRB or any applicable bank supervisory agency. 
 (u) “Vesting Date” means, for an Option or a portion of an Option, the first date on which the Option or such portion may be exercised by the
Optionee and, for shares of Restricted Stock, the date on which the shares cease to be forfeitable and become freely transferable shares in the hands of the Participant. 
  

 2 

 Section 3. Administration 
 (a) General. The Plan shall be administered by the Committee with respect to (i) approving Option grants and Restricted Stock Awards to the Company’s “Named Executive Officers” as that term
is defined in applicable SEC regulations; (ii) modifying or canceling existing grants or awards to Named Executive Officers; or (iii) imposing limitations, restrictions and conditions upon any such grant or award as the Committee deems
necessary or advisable, unless the Board, in its discretion shall elect to grant or modify any awards to Named Executive Officers which are not intended to be exempt compensation pursuant to Section 162(m) of the Code. In connection with the
administration of the Plan, the Committee, to the extent authorized, shall have the powers possessed by the Board. The Board shall administer the Plan in all other respects, unless the Board in its discretion shall elect to delegate such
administration to the Committee with respect to such other aspects of the Plan. The members of the Committee shall at all times (i) meet the independence requirements of the Nasdaq Stock Market, Inc.; (ii) qualify as “non-employee
directors” as defined in Section 16 of the Exchange Act; and (iii) qualify as “outside directors” under Section 162(m) of the Code. Nothing contained herein shall prevent the Board from delegating to the Committee full
power and authority over the administration of the Plan. 
 Any action of the Board or the Committee with respect to administration of the
Plan shall be taken pursuant to a majority vote of its members; provided, however, that with respect to action by the Board in granting an option or other award to an individual director, such action must be authorized by the required number of
directors without counting the interested director, who shall abstain as to any vote on his or her option or award. An interested director may be counted in determining the presence of a quorum at a meeting of the Board where such action will be
taken. 
 (b) Authority. The Board or the Committee as appropriate pursuant to Section 3(a) shall grant Awards to directors and
eligible employees. In particular and without limitation, the Board or the Committee, subject to the terms of the Plan, shall: 
 (i) select
the directors, officers and other employees to whom Awards may be granted; 
 (ii) determine whether and to what extent Awards are to be
granted under the Plan; 
 (iii) determine the number of shares to be covered by each Award granted under the Plan; and 
 (iv) determine the terms and conditions of any Award granted under the Plan based upon factors determined by the Board or the Committee. 
 (c) Board and Committee Determinations Binding. Subject to the express provisions of the Plan, the Board or the Committee shall have the authority
to construe and interpret the Plan, any Award and any Award Agreement; to define the terms used therein; to prescribe, amend, and rescind rules and regulations relating to administration of the Plan, to determine the duration and purposes of leaves
of absence which may be granted to Participants without constituting a termination of their employment for purposes of the Plan; and to make all other determinations necessary or advisable for administration of the Plan, including, without
limitation, compliance with Rule 16b-3. Any determination made by the Board or the Committee 

  

 3 

 
pursuant to the provisions of the Plan with respect to any Award shall be made in its sole discretion at the time of the grant of the Award or, unless in
contravention of any express term of the Plan or Award, at any later time. Determinations of the Board or the Committee on matters referred to in this section shall be final and conclusive, and shall be binding on all persons, including the Company
and Participants. 
 Section 4. Stock Subject to Plan 
 (a) Shares Available for Awards. The total number of shares of the Company’s authorized but unissued Stock reserved and available for issuance pursuant to Awards under this Plan shall be 1,500,000 shares,
including shares which were previously subject to Options granted under the Company’s 1998 Stock Option Plan and will be transferred to this Plan effective May 23, 2007. Eighty percent (80%) of such shares shall be reserved
exclusively for the grant of options to officers and employees. The remaining twenty percent (20%) of such shares may be granted to anyone eligible to participate in the Plan, including directors, officers and employees. If any Option
terminates or expires without being exercised in full or if any shares of Stock subject to a Restricted Stock Award are forfeited, the shares issuable under such Option or Award shall again be available for issuance in connection with Awards. Any
Award under this Plan shall be governed by the terms of the Plan and any applicable Award Agreement. 
 (b) Adjustments. In the event
of any merger, reorganization, consolidation, recapitalization, stock dividend, stock split or other change in corporate structure affecting the Stock without receipt of consideration by the Company, such substitution or adjustments shall be made in
the aggregate number of shares of Stock reserved for issuance under the Plan, in the number and exercise price of shares subject to outstanding Options, and in the number of shares subject to other outstanding Awards, as may be determined to be
appropriate by the Board or the Committee, in its sole discretion; provided, however, that no fractional shares of Stock shall be issued under the Plan on account of any such adjustment. 
 (c) Individual Limitation. The Company may not grant Awards under the Plan for more than 100,000 shares to any one Participant in any one fiscal
year, subject to adjustment from time to time as provided in Section 4(b) above. Determinations under the preceding sentence shall be made in a manner that is consistent with Section 162(m) of the Code and regulations promulgated
thereunder. The provisions of this Section 4(c) shall not apply in any circumstance with respect to which the Board or the Committee determines that compliance with Section 162(m) of the Code is not necessary. 
 Section 5. Eligibility 
 Awards may be granted to
all employees, officers (whether or not they are also directors), and to non-employee directors of the Company and its subsidiaries. However, directors of the Company and its subsidiary corporations who are not also officers or employees of the
Company or a subsidiary corporation are not eligible to receive Incentive Options under the Plan, but only other types of Awards. 
  

 4 

 Section 6. Stock Options 
 (a) Types. Any Option granted under the Plan shall be in such form as the Board or the Committee may from time to time approve. The Board or the Committee shall have the authority to grant to any eligible
Participant Incentive Options, Nonqualified Stock Options or both types of Options. 
 (b) Incentive Options. Incentive Options may be
granted only to employees of the Company or a Subsidiary. Any portion of an Option that is not designated as, or does not qualify as, an Incentive Option shall constitute a Nonqualified Stock Option. 
 (c) Terms and Conditions. Options granted under the Plan shall be subject to the following terms and conditions: 
 (i) Option Term. Each Option and all rights or obligations thereunder shall expire on such date as the Board or the Committee may determine, but
not later than ten (10) years from the date such Option is granted, and shall be subject to earlier termination as provided elsewhere in the Plan. As to any Incentive Option granted to an Optionee who, immediately before the option is granted,
owns beneficially more than ten percent (10%) of the outstanding stock of the Company (whether acquired upon exercise of Options or otherwise), such option must not be exercisable by its terms after five (5) years from the date of its
grant. 
 (ii) Grant Date. The time an Option is granted, sometimes referred to as the grant date, shall be the day of the action of
the Board or the Committee described in Section 3(a) hereof; provided, however, that if appropriate resolutions of the Board or the Committee indicate that an Option is to be granted as of and on some future date, the time such Option is
granted shall be such future date. If action by the Board or the Committee is taken by the unanimous written consent of its members, such action shall be deemed to be at the time the last Board or Committee member signs the consent. 
 (iii) Exercise Price. The exercise price per share of stock subject to each Option shall be determined by the Board or the Committee but shall not
be less than one hundred percent (100%) of the fair market value of such stock at the time such Option is granted. As to any Incentive Option granted to an Optionee who, immediately before the Option is granted, owns beneficially more than ten
percent (10%) of the outstanding stock of the Company, the purchase price must be at least one hundred ten percent (110%) of the fair market value of the stock at the time when such Option is granted. The fair market value of such stock
shall be determined in accordance with any reasonable valuation method, consistent with all applicable requirements under the Code, the Exchange Act, and regulations promulgated thereunder. The purchase price of any shares purchased shall be paid in
full in cash at the time of each such purchase. 
 (iv) Exercisability. Each Option shall be exercisable in such installments, which
need not be equal, and upon such conditions as the Board or the Committee shall determine; provided, however, that if an Optionee shall not in any given installment period purchase all of the shares which such Optionee is entitled to purchase in
such installment period, such Optionee’s right to purchase any shares not purchased in such installment period shall continue until the expiration of such Option. No Option or installment thereof shall be exercisable except with respect to
whole shares, and fractional share interests shall be disregarded except that they may be accumulated in accordance with the next preceding sentence. 
  

 5 

 (v) Limit on Exercisability. The aggregate fair market value (determined as of the time the Option
is granted) of the stock for which any officer or employee may be granted Incentive Options which are first exercisable during any one calendar year (under all Incentive Stock Option Plans of the Company and its subsidiaries) shall not exceed One
Hundred Thousand Dollars ($100,000). 
 (vi) Method of Exercise; Payment. Options may be exercised by ten (10) days written
notice delivered to the Company stating the number of shares with respect to which the Option is being exercised, together with cash in the amount of the purchase price for such shares. No fewer than ten (10) shares may be purchased at one time
unless the number purchased is the total number which may be purchased under the Option. 
 Options may also be exercised by delivering to
the Company (i) an exercise notice instructing the Company to deliver the certificates for the shares purchased to a designated brokerage firm which shall sell the stock in the market as soon as the Option is exercised; and (ii) a copy of
irrevocable instructions delivered to the brokerage firm to sell the shares acquired upon exercise of the Option and to deliver to the Company from the sale proceeds sufficient cash to pay the exercise price and applicable withholding taxes arising
as a result of the exercise, with the balance of the sales proceeds, if any, after payment of any broker’s commission, to be credited to the Optionee’s brokerage account. 
 The Company may require any Optionee, or any person to whom an Option is transferred under Section 6(c)(ix) hereof, as a condition of exercising any
such Option, to give written assurances satisfactory to the Company stating that such person is acquiring the stock subject to the Option for such person’s own account and not with any present intention of selling or otherwise distributing the
stock. The requirement of providing written assurances, and any assurances given pursuant to the requirement, shall be inoperative if (i) the shares to be issued upon the exercise of the Option have been registered under a then currently
effective registration statement under the Securities Act of 1933, as amended, or (ii) a determination is made by counsel for the Company that such written assurances are not required in the circumstances under the then applicable state or
federal securities laws. 
 (vii) Cessation of Employment; Disability. Except as provided in Subsection 6(c)(i) above, if an Optionee
ceases to be employed by or to serve as a director of the Company or a subsidiary corporation for any reason other than death, disability or cause, such Optionee’s Option shall expire thirty (30) days thereafter, and during such period
after such Optionee ceases to be an employee or director, such Option shall be exercisable only as to those shares with respect to which installments, if any, had accrued as of the date on which the Optionee ceased to be employed by or ceased to
serve as a director of the Company or such subsidiary corporation. Except as provided in Subsections 6(c)(i) above, if an Optionee ceases to be employed by or ceases to serve as a director of the Company or a subsidiary corporation by reason of
disability (within the meaning of Section 22(e)(3) of the Code), such Optionee’s Option shall expire not later than one (1) year thereafter, and during such period after such Optionee ceases to be an employee or a director such Option
shall be exercisable only as to those shares with respect to which installments, if any, had accrued as of the date on which the Optionee ceased to be employed by or ceased to serve as a director of the Company or such subsidiary corporation.

  

 6 

 (viii) Termination of Employment for Cause. If an Optionee’s employment by or service as a
director of the Company or a subsidiary corporation is terminated for Cause, such Optionee’s Option shall expire immediately; provided, however, that the Board may, in its sole discretion, within thirty (30) days of such termination, waive
the expiration of the Option by giving written notice of such waiver to the Optionee at such Optionee’s last known address. In the event of such waiver, the Optionee may exercise the Option only to such extent, for such time, and upon such
terms and conditions as if such Optionee had ceased to be employed by or ceased to serve as a director of the Company or such subsidiary corporation upon the date of such termination for a reason other than Cause, disability, or death. 

(ix) Death of Optionee. Except as provided in Subsection 6(c)(i) above, if any Optionee dies while employed by or serving as a director of the
Company or a subsidiary corporation or during the 30-day or one-year period referred to in Subsection 6(c)(vii) above, such Optionee’s Option shall expire one (1) year after the date of such death. After such death but before such
expiration, the persons to whom the Optionee’s rights under the Option shall have passed by Will or by the applicable laws of descent and distribution shall have the right to exercise such Option to the extent that installments, if any, had
accrued as of the date of the Optionee’s death. 
 Section 7. Restricted Stock Awards 
 (a) General. Restricted Stock Awards may be issued hereunder to Participants, for no cash consideration or for such amount as the Board or the
Committee in its discretion shall determine, either alone or in addition to other Awards granted under the Plan. The provisions of Restricted Stock Awards need not be the same with respect to each recipient. The Committee may provide upon grant of a
Restricted Stock Award that any shares of Restricted Stock that may be purchased by the Holder in cash and are subsequently forfeited by the Holder prior to the Vesting Date therefor shall be reacquired by the Company at the purchase price
originally paid therefor by the Holder, if applicable. 
 (b) Issue Date and Vesting Date. At the time of the grant of a Restricted
Stock Award, the Board or the Committee shall establish an Issue Date or Issue Dates and a Vesting Date or Vesting Dates with respect to such shares. The Board or the Committee may provide upon grant of a Restricted Stock Award that different
numbers or portions of the shares subject to the Award shall have different Vesting Dates. The Board or the Committee may also provide that the Vesting Dates will be accelerated upon the subsequent occurrence of such event (e.g., early retirement of
the Holder) as the Board or the Committee may specify. The Board or the Committee also may establish upon grant of a Restricted Stock Award that some or all of the shares subject thereto shall be subject after the Vesting Date to additional
restrictions upon transfer or sale, although not to forfeiture. 
 (c) Issuance of Certificates. Reasonably promptly after the Issue
Date with respect to shares of Restricted Stock, the Company shall cause to be issued a stock certificate, registered in the name of the Participant to whom such shares were granted, evidencing such shares; provided, that the Company shall not cause
such a stock certificate to be issued unless it has received a stock power duly endorsed in blank with respect to such shares. Each such stock certificate shall bear the following legend: 
 “The transferability of this certificate and the shares of stock represented hereby are subject to the restrictions, terms and conditions (including
forfeiture provisions and restrictions 

  

 7 

 
against transfer) contained in the Sierra Bancorp 2007 Stock Incentive Plan and related Award Agreement, and such rules, regulations and interpretations as
Sierra Bancorp’s Board of Directors or Compensation Committee may adopt. Copies of the Plan, Award Agreement and rules, regulations and interpretations, if any, are on file at the principal executive office of Sierra Bancorp, 86 North Main
Street, Porterville, California 93257.” 
 Such legend shall not be removed until such shares vest pursuant to the terms hereof.

 Each certificate issued pursuant to this Section 7 (c), together with the stock powers relating to the shares of Restricted Stock
evidenced by such certificate, shall be held by the Company unless the Board or the Committee determines otherwise. 
 (d) Consequences of
Vesting. Upon the vesting of a share of Restricted Stock pursuant to the terms of the Plan and the applicable Award Agreement, the restrictions on transfer described in Section 7(c) shall cease to apply to such share. Reasonably promptly
after a Restricted Stock Award becomes fully vested, the Company shall cause to be delivered to the Participant to whom such shares were granted, a certificate evidencing such share, free of the legend set forth in Section 7(c). If a Restricted
Stock Award is partially vested, the Company may continue to hold the originally issued certificate until fully vested unless the Participant specifically requests the issuance of a certificate for just the vested shares. Reasonably promptly after
any such request, the Company shall cause the certificates to be issued separately for the restricted and unrestricted shares, and shall deliver the unrestricted certificate to the Participant. Notwithstanding the foregoing, such shares still may be
subject to restrictions on transfer as a result of applicable securities laws. 
 (e) Dividends. If and to the extent the Board or the
Committee so specifies upon grant, the Holder of shares of Restricted Stock shall be entitled to receive from the Company, after the grant date and until the Vesting Date, dividends or other distributions with respect to the shares identical or
comparable in financial value to the dividends and other distributions that would have been received by the Holder had the shares not been subject to the restrictions on Restricted Stock imposed under the Plan, and the Holder shall not be required
to return any such distributions to the Company in the event of forfeiture of the Restricted Stock; provided that any such dividends or distribution payable to the Holder that constitute Stock or other equity securities of the Company shall be
issued in the same manner and subject to the same restrictions and conditions as apply to the shares of Restricted Stock as to which such dividends and distributions are paid. The Board or the Committee in its discretion may require that any
dividends paid on shares of Restricted Stock shall be held in escrow until all restrictions on such shares have lapsed. 
 (f) Voting
Rights. If and to the extent the Board or the Committee so specifies upon grant, the Holder of shares of Restricted Stock shall be entitled to vote or direct the voting of such shares after the grant date and until the Vesting Date. 

 

 8 

 (g) Termination. Except to the extent otherwise provided in the Award Agreement and pursuant to
this section, in the event of a Termination of employment or directorship during the Restriction Period, all shares still subject to restriction shall be forfeited by the Participant. If the recipient has paid cash for the Award, the stock will be
repurchased at the same price originally paid by the Participant. In the event that the Company requires such a return of shares, it also shall have the right to require the return of all dividends paid on such shares, whether by termination of any
escrow arrangement under which such dividends are held or otherwise, unless otherwise specified in the applicable Award Agreement. 
 Section 8.
Terminating Events 
 (a) Impact of Event. In the event of a “Terminating Event” as defined in Section 2(r), any
surviving corporation or entity or acquiring corporation or entity, or affiliate of such corporation or entity, may assume any Options or Restricted Stock Awards outstanding under the Plan or may substitute similar awards for those outstanding under
the Plan. In the event any surviving corporation or entity or acquiring corporation or entity in a Terminating Event does not assume such Options or Awards or does not substitute similar Options or other Awards for those outstanding under the Plan,
then (i) the vesting of such Options or other Awards outstanding under the Plan shall be accelerated and made fully exercisable and all restrictions thereon shall lapse ten (10) days prior to the closing of the Terminating Event; and
(ii) upon the closing of the Terminating Event, any Options outstanding under the Plan shall be terminated if not exercised prior to the closing, unless the Board in its sole discretion determines prior to the effective date of the Terminating
Event that all outstanding Options and the Plan itself should continue in full force and effect. In the case of such a determination by the Board, or in the event that any pending Terminating Event does not occur, the Plan and all outstanding
Options and other Awards thereunder shall continue in force with all original vesting schedules in effect. 
 (b) Notice to Participants
of Terminating Event. Not less than thirty (30) days prior to a Terminating Event, the Board or the Committee shall notify each Participant of the pendancy of the Terminating Event. With respect to Holders of Restricted Stock, the notice
shall simply inform such Participants of the pendancy of the Terminating Event and of the fact that the restrictions on their Restricted Stock will lapse. In the case of Optionees, the notice shall inform such Optionees that their Options shall,
notwithstanding the provisions of Sections 5(c)(iv) hereof, become exercisable in full and not only as to those shares with respect to which installments, if any, have then accrued, subject, however, to earlier expiration or termination as provided
elsewhere in the Plan, and further subject to the condition that the Terminating Event in fact occurs. Optionees shall then be entitled to exercise any Options or portions thereof commencing on the tenth (10th) day, and ending on the third
(3rd) day, prior to the Terminating Event, or at such other times as may be specified by the Board in connection with the Terminating Event. 
 Section 9. Acceleration of Options or other Awards. 
 Notwithstanding the provisions of Sections 6(c)(iv) or 7(b) hereof
or any provision to the contrary contained in any Award Agreement, the Board or the Committee, in its sole discretion, may accelerate the vesting of all or any Award then outstanding. The decision by the Board or the Committee to accelerate an Award
or to decline to accelerate an Award shall be final. In the event of the acceleration of Options as the result of a decision by the Board or the Committee pursuant to this Section 9, each outstanding Option so accelerated shall be 

  

 9 

 
exercisable for a period from and after the date of such acceleration and upon such other terms and conditions as the Board or the Committee may determine in
its sole discretion, provided that such terms and conditions (other than terms and conditions relating solely to the acceleration of exercisability and the related termination of an Option) may not adversely affect the rights of any Participant
without the consent of the Participant so adversely affected. Any outstanding Option which has not been exercised by the holder at the end of such period shall terminate automatically at that time. 
 Section 10. General Provisions 
 (a) Award
Grants. Any Award may be granted either alone or in addition to other Awards granted under the Plan. Subject to the terms and restrictions set forth elsewhere in the Plan, the Board or the Committee shall determine the consideration, if any,
payable by the Participant for any Award and, in addition to those set forth in the Plan, any other terms and conditions of the Awards. The Board or the Committee may condition the grant or payment of any Award upon the attainment of specified
performance goals or such other factors or criteria, including vesting based on continued service on the Board or employment, as the Board or the Committee shall determine. Performance objectives may vary from Participant to Participant and among
groups of Participants and shall be based upon such Company, subsidiary, group or division factors or criteria as the Committee may deem appropriate, including, but not limited to, earnings per share or return on equity. The other provisions of
Awards also need not be the same with respect to each recipient. Unless specified otherwise in the Plan or by the Board or the Committee, the date of grant of an Award shall be the date of action by the Board or the Committee to grant the Award,
provided that Participants do not have the ability to further negotiate the terms of their awards, and provided further that the awards will be communicated to Participants within a relatively short period of time following the Board’s or the
Committee’s action. 
 (b) Award Agreement. As soon as practicable after the date of an Award grant, the Company and the
Participant shall enter into a written Award Agreement identifying the date of grant, and specifying the terms and conditions of the Award. Options are not exercisable until after execution of the Award Agreement by the Company and the Participant,
but a delay in execution of the Award Agreement shall not affect the validity of the Option grant. 
 (c) Certificates; Transfer
Restrictions. All certificates for shares of Stock or other securities delivered under the Plan shall be subject to such stock transfer orders, legends and other restrictions as the Committee may deem advisable under the rules, regulations and
other requirements of the SEC, any market in which the Stock is then traded and any applicable federal, state or foreign securities laws. 
 (d) Tax Withholding. Whenever shares of Stock are issued or to be issued pursuant to Awards, the Company shall have the right to require the Participant to remit to the Company an amount sufficient to satisfy federal, state, local or
other withholding tax requirements if, when, and to the extent required by law (whether so required to secure for the Company an otherwise available tax deduction or otherwise) prior to the delivery of any certificate or certificates for such
shares. The obligations of the Company under the Plan shall be conditional on satisfaction of all such withholding obligations and the Company shall, to the extent permitted by law, have the right to deduct any such taxes from any payment of any
kind otherwise due to the Participant. With the approval of the Board or the Committee, which it shall have sole discretion to grant, the Participant may elect to satisfy an applicable withholding requirement, 

  

 10 

 
in whole or in part, by having the Company withhold from delivery shares of Stock having a value equal to the amount of tax to be withheld. Such shares shall
be valued at their fair market value on the date as of which the amount of tax to be withheld is determined. Fractional share amounts shall be settled in cash. 
 (e) Notification of Election Under Section 83(b) of the Code. If any Participant shall, in connection with the acquisition of shares of Restricted Stock under the Plan, make the election permitted under
Section 83(b) of the Code (i.e., an election to include in gross income in the year of transfer the amounts specified in Section 83(b)), such Participant shall notify the Company of such election within ten days of filing notice of the
election with the Internal Revenue Service, in addition to any filing and notification required pursuant to regulations issued under the authority of Section 83(b). 
 (f) Transferability. No Award shall be assignable or otherwise transferable by the Participant other than by will or by the laws of descent and distribution. During the life of a Participant, an Award shall be
exercisable, and any elections with respect to an Award may be made, only by the Participant or the Participant’s guardian or legal representative. 
 (g) Adjustment of Awards; Waivers. The Board or the Committee may adjust the performance goals and measurements applicable to Awards (i) to take into account changes in law and accounting and tax rules,
(ii) to make such adjustments as the Board or the Committee deems necessary or appropriate to reflect the inclusion or exclusion of the impact of extraordinary or unusual items, events or circumstances in order to avoid windfalls or hardships,
and (iii) to make such adjustments as the Board or the Committee deems necessary or appropriate to reflect any material changes in business conditions. In the event of hardship or other special circumstances of a Participant and otherwise in
its discretion, the Board or the Committee may waive in whole or in part any or all restrictions, conditions, vesting, or forfeiture with respect to any Award granted to such Participant. 
 (h) Non-Competition. The Board or the Committee may condition its discretionary waiver of a forfeiture, the acceleration of vesting at the time of
Termination of a Participant holding any unexercised or unearned Award, the waiver of restrictions on any Award, or the extension of the expiration period to a period not longer than that provided by the Plan upon such Participant’s agreement
(and compliance with such agreement) (i) not to engage in any business or activity competitive with any business or activity conducted by the Company and (ii) to be available for consultations at the request of the Company’s
management, all on such terms and conditions (including conditions in addition to (i) and (ii)) as the Board or the Committee may determine. 
 (i) Regulatory Compliance. Each Award under the Plan shall be subject to the condition that, if at any time the Board or the Committee shall determine that (i) the listing, registration or qualification of the shares of Stock
upon any securities exchange or for trading in any securities market or under any state or federal law, (ii) the consent or approval of any government or regulatory body or (iii) an agreement by the Participant with respect thereto, is
necessary or desirable, then such Award shall not be consummated in whole or in part unless such listing, registration, qualification, consent, approval or agreement shall have been effected or obtained free of any conditions not acceptable to the
Board or the Committee. 
  

 11 

 (j) Rights as Shareholder. Unless the Plan, the Board or the Committee expressly specifies
otherwise, an Optionee shall have no rights as a shareholder with respect to any shares covered by an Option until the stock certificates representing the shares are actually delivered to the Optionee. Except as specified in Section 4(b), no
adjustment shall be made for dividends or other rights for which the record date is prior to the date the certificates are delivered. The rights of Holders shall be as specified in their Award Agreements, as determined by the Board or the Committee
in accordance with Section 7 hereof. 
 (k) Beneficiary Designation. The Board or the Committee, in its discretion, may establish
procedures for a Participant to designate a beneficiary to whom any amounts payable in the event of the Participant’s death are to be paid. 
 (l) Additional Plans. Nothing contained in the Plan shall prevent the Company or a subsidiary from adopting other or additional compensation arrangements for its directors and employees. 
 (m) No Employment Rights; No Right to Directorship. Neither the adoption of this Plan nor the grant of any Award hereunder shall (i) confer
upon any employee any right to continued employment nor shall it interfere in any way with the right of the Company or a subsidiary to terminate the employment of any employee at any time; or (ii) confer upon any Participant any right with
respect to continuation of the Participant’s membership on the Board or interfere in any way with provisions in the Company’s Articles of Incorporation and Bylaws relating to the election, appointment, terms of office, and removal of
members of the Board. 
 (n) Rule 16b-3. With respect to persons subject to Section 16 of the Exchange Act, transactions under
this Plan are intended to comply with the applicable conditions of Rule 16b-3. To the extent any provision of this Plan or action by the Board or the Committee fails to so comply, it shall be adjusted to comply with Rule 16b-3, to the extent
permitted by law and deemed advisable by the Board or the Committee. It shall be the responsibility of persons subject to Section 16 of the Exchange Act, not of the Company, the Board or the Committee, to comply with the requirements of
Section 16 of the Exchange Act; and neither the Company nor the Committee shall be liable if this Plan or any transaction under this Plan fails to comply with the applicable conditions of Rule 16b-3, or if any such person incurs any liability
under Section 16 of the Exchange Act. 
 (o) Governing Law. The Plan and all Awards shall be governed by and construed in
accordance with the laws of the State of California. 
 (p) Use of Proceeds. All cash proceeds to the Company under the Plan shall
constitute general funds of the Company. 
 (q) Assumption by Successor. The obligations of the Company under the Plan and under any
outstanding Award may be assumed by any successor corporation, which for purposes of the Plan shall be included within the meaning of “Company.” 
  

 12 

 Section 11. Amendments and Termination 
 The Board may amend, alter or discontinue the Plan or any Award, but no amendment, alteration or discontinuance shall be made which would impair the
rights of a Participant under an outstanding Award without the Participant’s consent. No amendment, alteration or discontinuance shall require shareholder approval unless it would: 
 (a) increase in the total number of shares reserved for issuance pursuant to Awards under the Plan; 
 (b) change the minimum option price for Options; 
 (c) increase the maximum term of Awards provided for herein; 
 (d) expand the types of awards which may be issued under the Plan;
or 
 (e) permit Awards to be granted to anyone other than a director or an officer or employee of the Company or a subsidiary corporation.

 Any amendment or modification requiring shareholder approval shall be deemed adopted as of the date of the action of the Board effecting
such amendment or modification and shall be effective immediately, unless otherwise provided therein, subject to approval thereof within twelve (12) months before or after the effective date by (i) a majority of the shares of the
Company’s stock represented and voting in person or by proxy at a duly held shareholders’ meeting; or (ii) the written consent of the holders of a majority of the Company’s outstanding shares. 
 Section 12. Effective Date of Plan 
 The Plan
shall be deemed adopted as of the date first shown herein and shall be effective immediately, subject to approval hereof within twelve (12) months before or after said date by (i) a majority of the shares of the Company’s stock
represented and voting in person or by proxy at a duly held shareholders’ meeting; or (ii) the written consent of the holders of a majority of the Company’s outstanding shares. 
 Section 13. Term of Plan 
 No Award shall be
granted on or after February 15, 2017, but Awards granted prior to February 15, 2017 may extend beyond that date. 
  

 13Master Contribution Agreement, dated February 20, 2007

 Exhibit 10.1 
 EXECUTION VERSION 
  

 MASTER CONTRIBUTION AGREEMENT 
 Dated as of February 20, 2007

 By and Among 
 OWENS CORNING, 
 OWENS CORNING COMPOSITE COÖPERATIEF U.A., 
 SOCIÉTÉ DE PARTICIPATIONS FINANCIÈRES ET INDUSTRIELLES S.A.S. 
 ONDATRA S.A.S. 
 and 
 A BELGIAN SOCIÉTÉ PRIVÉE À RESPONSABILITÉ LIMITÉE TO BE FORMED 
  

 TABLE OF CONTENTS 
  

					
	 	  	 	  	Page
	 ARTICLE I
	  	 DEFINITIONS
	  	1
			
	 Section 1.01
	  	 Definitions
	  	1
			
	 ARTICLE II
	  	 PRE-CLOSING TRANSACTIONS
	  	2
			
	 Section 2.01
	  	 Company Joinder
	  	2
			
	 Section 2.02
	  	 Owens Corning Pre-Closing Reorganization
	  	2
			
	 Section 2.03
	  	 Saint-Gobain Pre-Closing Reorganization
	  	2
			
	 Section 2.04
	  	 Reorganization of Excluded Assets
	  	3
			
	 ARTICLE III
	  	 TRANSACTIONS AND CLOSING
	  	3
			
	 Section 3.01
	  	 Closing Transactions
	  	3
			
	 Section 3.02
	  	 Closing
	  	4
			
	 Section 3.03
	  	 Value of Contributed Businesses
	  	4
			
	 Section 3.04
	  	 Net Working Capital/Net Debt Amounts
	  	4
			
	 Section 3.05
	  	 Shareholder Loans
	  	7
			
	 Section 3.06
	  	 Assignment of Contracts and Rights
	  	8
			
	 ARTICLE IV
	  	 REPRESENTATIONS AND WARRANTIES
	  	9
			
	 Section 4.01
	  	 Representations and Warranties of Owens Corning
	  	9
			
	 Section 4.02
	  	 Representations and Warranties of Saint-Gobain
	  	27
			
	 ARTICLE V
	  	 COVENANTS AND AGREEMENTS OF THE PARTIES
	  	46
			
	 Section 5.01
	  	 Conduct of Businesses
	  	46
			
	 Section 5.02
	  	 Conduct of Business of the Company
	  	47
			
	 Section 5.03
	  	 Access to Information; Confidentiality
	  	47
			
	 Section 5.04
	  	 Provision and Preservation of and Access to Certain Information; Cooperation After Closing
	  	48
			
	 Section 5.05
	  	 Insurance
	  	50
			
	 Section 5.06
	  	 Non-Hire and Nonsolicitation of Certain Employees in the Business
	  	51
			
	 Section 5.07
	  	 Financial Support Arrangements
	  	51
			
	 Section 5.08
	  	 Company Financing
	  	52
			
	 Section 5.09
	  	 Competitive Businesses
	  	52
			
	 Section 5.10
	  	 Certain Intellectual Property Matters
	  	52

  

 -i- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
	 Section 5.11
	  	 Financial Statements
	  	56
			
	 ARTICLE VI
	  	 FURTHER COVENANTS AND AGREEMENTS OF THE PARTIES
	  	56
			
	 Section 6.01
	  	 Further Assurances
	  	56
			
	 Section 6.02
	  	 Certain Filings; Consents
	  	57
			
	 Section 6.03
	  	 Public Announcements
	  	57
			
	 Section 6.04
	  	 Antitrust or Competition Law Matters
	  	58
			
	 Section 6.05
	  	 Agreements Regarding Tax Matters
	  	59
			
	 Section 6.06
	  	 Administration of Accounts
	  	62
			
	 Section 6.07
	  	 Undisclosed Contracts
	  	62
			
	 Section 6.08
	  	 No Transfer or Assumption of Asbestos Liabilities
	  	62
			
	 Section 6.09
	  	 Affiliate Agreements
	  	62
			
	 Section 6.10
	  	 Disclosure of Missing Documents
	  	62
			
	 ARTICLE VII I
	  	 NTENTIONALLY OMITTED
	  	63
			
	 ARTICLE VIII
	  	 EMPLOYEE AND EMPLOYEE BENEFIT MATTERS
	  	63
			
	 Section 8.01
	  	 Employee and Employee Benefit Matters
	  	63
			
	 Section 8.02
	  	 Allocation of Pre-Closing Employment Liability
	  	65
			
	 Section 8.03
	  	 Allocation of Post-Closing Employment Liability
	  	66
			
	 Section 8.04
	  	 Allocation of Retirement Benefit Liabilities
	  	66
			
	 Section 8.05
	  	 Allocation of Risk Benefit Liabilities
	  	69
			
	 Section 8.06
	  	 Employees Consultation and Notification
	  	69
			
	 Section 8.07
	  	 Cooperation and Assistance
	  	70
			
	 Section 8.08
	  	 Seconded Employees
	  	71
			
	 Section 8.09
	  	 Layoffs
	  	71
			
	 Section 8.10
	  	 Key Employees
	  	71
			
	 Section 8.11
	  	 No Third-Party Beneficiaries
	  	72
			
	 ARTICLE IX
	  	 REAL PROPERTY AND RELATED MATTERS
	  	72
			
	 Section 9.01
	  	 Certain Real Property and Related Matters
	  	72
			
	 ARTICLE X
	  	 CONDITIONS TO CLOSING
	  	72
			
	 Section 10.01
	  	 Conditions to Obligations of Each Party (other than the Company)
	  	72

  

 -ii- 

 TABLE OF CONTENTS 
 (continued) 
  

					
	 	  	 	  	Page
	 Section 10.02
	  	 Conditions to Obligations of Owens Corning and OC Topco
	  	73
			
	 Section 10.03
	  	 Conditions to Obligations of Saint-Gobain and SG Topco
	  	73
			
	 Section 10.04
	  	 Updated Disclosure Schedules
	  	74
			
	 ARTICLE XI
	  	 SURVIVAL; INDEMNIFICATION
	  	75
			
	 Section 11.01
	  	 Survival
	  	75
			
	 Section 11.02
	  	 Indemnification
	  	76
			
	 Section 11.03
	  	 Procedures
	  	77
			
	 Section 11.04
	  	 Limitations
	  	79
			
	 Section 11.05
	  	 Asbestos Matters
	  	81
			
	 ARTICLE XII
	  	 TERMINATION
	  	82
			
	 Section 12.01
	  	 Termination
	  	82
			
	 Section 12.02
	  	 Effect of Termination
	  	82
			
	 Section 12.03
	  	 Non-Exclusive Remedies
	  	83
			
	 ARTICLE XIII
	  	 MISCELLANEOUS
	  	83
			
	 Section 13.01
	  	 Notices
	  	83
			
	 Section 13.02
	  	 Amendments; Waivers
	  	85
			
	 Section 13.03
	  	 Expenses; Taxes
	  	85
			
	 Section 13.04
	  	 Successors and Assigns
	  	85
			
	 Section 13.05
	  	 Disclosure
	  	86
			
	 Section 13.06
	  	 Construction
	  	86
			
	 Section 13.07
	  	 Entire Agreement
	  	86
			
	 Section 13.08
	  	 Governing Law
	  	87
			
	 Section 13.09
	  	 Counterparts; Effectiveness
	  	87
			
	 Section 13.10
	  	 Severability
	  	87
			
	 Section 13.11
	  	 Captions
	  	88
			
	 Section 13.12
	  	 Bulk Sales
	  	88
			
	 Section 13.13
	  	 Disclaimer of Agency
	  	88
			
	 Section 13.14
	  	 Dispute Resolution
	  	88
			
	 Section 13.15
	  	 Consequential Damages
	  	89
			
	 Section 13.16
	  	 Performance
	  	89
			
	 Section 13.17
	  	 Currency
	  	89

  

 -iii- 

 LIST OF EXHIBITS 
  

			
	 Exhibit A
	  	Definitions
	 Exhibit B
	  	Form of Joinder
	 Exhibit C
	  	Owens Corning Reorganization Steps
	 Exhibit D
	  	Saint-Gobain Reorganization Steps
	 Exhibit E
	  	OC Financial Statements
	 Exhibit F
	  	SG Financial Statements
	 Exhibit G-1
	  	Saint-Gobain Trademarks and Designs to be Discontinued
	 Exhibit G-2
	  	Saint-Gobain Invention Disclosure Records, ‘enveloppes Soleau’ and Unpublished Patent Applications
	 Exhibit G-3
	  	Owens Corning Invention Disclosure Records, ‘enveloppes Soleau’ and Unpublished Patent Applications
	 Exhibit G-4
	  	Saint-Gobain Joint Development Agreements
	 Exhibit G-5
	  	Owens Corning Legal Opinions
	 Exhibit G-6
	  	Saint-Gobain Legal Opinions
	 Exhibit G-7
	  	Saint-Gobain Restricted Patents
	 Exhibit G-8
	  	Prohibition on Certain Patent Applications
	 Exhibit H
	  	Intentionally Omitted
	 Exhibit I
	  	Intentionally Omitted
	 Exhibit J
	  	Form of Asbestos Guaranty
	 Exhibit K
	  	Form of Asbestos Indemnity Agreement
	 Exhibit L
	  	Categories of Know How
	 Exhibit M
	  	Copies of OC Intellectual Property License Agreements
	 Exhibit N-1
	  	Form of SG Intellectual Property License Agreements (US IP Holdco)
	 Exhibit N-2
	  	Form of SG Intellectual Property License Agreements (Non-US IP Holdco)

 MASTER CONTRIBUTION AGREEMENT 
 This Master Contribution Agreement (together with the Exhibits and Schedules attached hereto, this
“Agreement”) is made as of the 20th day of February, 2007, by and among Owens Corning, a
corporation organized under the laws of Delaware (“Owens Corning”), Owens Corning Composite Coöperatief U.A. (“OC Topco”), a company organized under the laws of The Netherlands and a wholly-owned subsidiary of
Owens Corning and its Subsidiaries, Société de Participations Financières et Industrielles S.A.S., a company organized under the laws of France (“Saint-Gobain”), Ondatra S.A.S. (“SG Topco”), a
société par actions simplifiée organized under the laws of France and a wholly-owned subsidiary of Saint-Gobain and its Subsidiaries, and, subject to Section 2.01 hereof, a société privée
à responsabilité limitée to be organized under the laws of Belgium (the “Company”). Owens Corning and Saint-Gobain are sometimes referred to herein individually as a “Parent” or collectively
as the “Parents.” The Parents, OC Topco, SG Topco and, following the execution of the Joinder, the Company are sometimes referred to herein individually as a “Party” or collectively as the
“Parties”. 
 W I T N E S S E T H: 
 WHEREAS, each of the Parents, among other things, is, directly and indirectly through its Affiliates, engaged in the Business; 
 WHEREAS, the Parents have concluded that the formation of a joint venture to own and operate the combined Business of the Parents would improve
development, production and distribution of the Company Products; 
 WHEREAS, contemporaneously with the execution and delivery of this
Agreement OC Topco and SG Topco are executing that certain Joint Venture Agreement (the “Joint Venture Agreement”), which provides for, among other things, the rights and obligations of OC Topco and SG Topco with respect to the
formation and management of the Company; 
 WHEREAS, in furtherance of the objectives set forth above, the Parties desire to enter into this
Agreement and the other Transaction Documents; 
 NOW, THEREFORE, in consideration of the mutual covenants and agreements of the Parties
contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: 
 ARTICLE I 
 DEFINITIONS 
 Section 1.01 Definitions. Capitalized terms used in this Agreement shall have the meanings specified in Exhibit A or elsewhere in this
Agreement. 

 ARTICLE II 
 PRE-CLOSING TRANSACTIONS 
 Section 2.01 Company Joinder. Following the formation of the
Company in accordance with the terms of the Joint Venture Agreement and before the Closing Date, OC Topco and SG Topco shall cause the Company to execute a joinder to this Agreement as a Party hereto in the form attached hereto as Exhibit B
(the “Joinder”). 
 Section 2.02 Owens Corning Pre-Closing Reorganization. 
 (a) Owens Corning shall take all actions necessary to effectuate a corporate reorganization, substantially in accordance with the steps
outlined on Exhibit C attached hereto, such that immediately prior to the Closing, all OC Contributed Subsidiaries and all ownership interests of OC Existing JVs held by Owens Corning or its Subsidiaries will be held by OC Topco and/or direct
or indirect Subsidiaries of OC Topco which are exclusively engaged in Owens Corning’s Business and all OC Employees and all OC Contributed Assets and related OC Assumed Liabilities will be held (or employed, as applicable) by OC Contributed
Subsidiaries. In connection with the foregoing, with respect to OC Contributed Assets, prior to the Closing Date, Owens Corning shall, and shall cause its Asset Transferors to (i) contribute all OC Contributed Assets located in the
United States (if any) to a newly formed or existing direct or indirect wholly-owned Subsidiary of Owens Corning, which shall engage exclusively in Owens Corning’s Business (such Subsidiary to be a partnership or disregarded entity for
United States federal income tax purposes), and the ownership of such Subsidiary shall thereafter be reorganized such that immediately prior to the Closing it shall be a direct or indirect wholly-owned Subsidiary of OC Topco and
(ii) contribute all OC Contributed Assets located outside the United States (if any) to newly formed or existing, direct or indirect, Subsidiaries of Owens Corning organized in the jurisdiction of the location of such assets which are or shall
be engaged exclusively in Owens Corning’s Business and the ownership of such Subsidiaries shall thereafter be reorganized such that immediately prior to the Closing they shall be direct or indirect wholly-owned Subsidiaries of OC Topco (each
such Subsidiary to be a partnership or disregarded entity for United States federal income tax purposes, except any such Subsidiary for which an election to be so treated is not then permitted and which is subject to the procedures provided in
the last sentence of Section 6.05(c) of this Agreement). In no event shall Owens Corning deviate from the steps outlined on Exhibit C to the extent that the aggregate effect of all such deviations shall have an adverse impact which
is material on Saint-Gobain or the Company. 
 (b) In connection with the asset contribution of OC Contributed Assets
described in clause (a), the applicable Subsidiaries receiving such contributions (the “OC Reorganized Subsidiaries”) shall assume and agree to pay, satisfy and discharge the OC Assumed Liabilities exclusively related to the OC
Contributed Assets it received pursuant to clause (a). 
 Section 2.03 Saint-Gobain Pre-Closing Reorganization. 
 (a) Saint-Gobain shall take or cause to be taken all actions necessary to effectuate a corporate reorganization, substantially in
accordance with the steps outlined on Exhibit D attached hereto, such that immediately prior to the Closing, all SG Contributed 

  

 2 

 
Subsidiaries and all ownership interests of SG Existing JVs held by Saint-Gobain or its Affiliates will be held by SG Topco and/or direct or indirect
Subsidiaries of SG Topco which are exclusively engaged in Saint-Gobain’s Business and all SG Employees and all SG Contributed Assets and related SG Assumed Liabilities will be held (or employed, as applicable) by SG Contributed Subsidiaries. In
connection with the foregoing, with respect to SG Contributed Assets, prior to the Closing Date, Saint-Gobain shall, and shall cause its Asset Transferors to (i) contribute all SG Contributed Assets located in the United States (if any) to
a newly formed or existing direct or indirect wholly-owned Subsidiary of Saint-Gobain, which shall engage exclusively in Saint-Gobain’s Business (such Subsidiary to be a partnership or disregarded entity for United States federal income
tax purposes) and the ownership of such Subsidiary shall thereafter be reorganized such that immediately prior to the Closing it shall be a direct or indirect wholly-owned Subsidiary of SG Topco and (ii) contribute all SG Contributed Assets
located outside the United States (if any) to newly formed or existing, direct or indirect, Subsidiaries of Saint-Gobain organized in the jurisdiction of the location of such assets which are or shall be engaged exclusively in
Saint-Gobain’s Business and the ownership of such Subsidiaries shall thereafter be reorganized such that immediately prior to the Closing they shall be direct or indirect wholly-owned Subsidiaries of SG Topco (each such Subsidiary to be a
partnership or disregarded entity for United States federal income tax purposes, except any such Subsidiary for which an election to be so treated is not then permitted and which is subject to the procedures provided in the last sentence of
Section 6.05(c) of this Agreement). In no event shall Saint-Gobain deviate from the steps outlined on Exhibit D to the extent that the aggregate effect of all such deviations shall have an adverse impact which is material on Owens
Corning or the Company 
 (b) In connection with the contribution of SG Contributed Assets described in clause (a), the
applicable Subsidiaries receiving such contributions (the “SG Reorganized Subsidiaries”) shall assume and agree to pay, satisfy and discharge the SG Assumed Liabilities exclusively related to the SG Contributed Assets it received
pursuant to clause (a). 
 Section 2.04 Reorganization of Excluded Assets. Notwithstanding any other provision in this Agreement to
the contrary, the Parties expressly understand and agree that the OC Excluded Assets and the SG Excluded Assets shall be retained by Owens Corning (and/or its Subsidiaries other than the OC Contributed Subsidiaries) or Saint-Gobain (and/or its
Affiliates other than the SG Contributed Subsidiaries), as applicable, and, as applicable, shall be (a) excluded from the OC Contributed Assets and transferred out of the OC Contributed Subsidiaries prior to the Closing and (b) excluded
from the SG Contributed Assets and transferred out of the SG Contributed Subsidiaries prior to the Closing. 
 ARTICLE III 

TRANSACTIONS AND CLOSING 
 Section
3.01 Closing Transactions. Upon the terms and conditions set forth in this Agreement and the other Transaction Documents, the Parties agree that at the Closing, among other things: 
  

 3 

 (a) OC Topco shall contribute the ownership interests of the OC Contributed Subsidiaries
and OC Existing JVs held by OC Topco (or, where OC Topco holds such interests indirectly, the Subsidiaries which hold, directly or indirectly, the ownership interests of the OC Contributed Subsidiaries) to the Company in exchange for 60% of the
Ownership Interests in the Company which shall be issued in the name of and delivered to OC Topco (it being agreed by the parties that neither the results of any due diligence by Owens Corning after the date hereof nor any breach of any warranty,
representation or covenant made by Saint-Gobain in this Agreement or any other Transaction Document shall result in any modification of the parties relative Ownership Interests in the Company as set forth herein); 
 (b) SG Topco shall contribute the ownership interests of the SG Contributed Subsidiaries and SG Existing JVs held by SG Topco (or, where
SG Topco holds such interests indirectly, the Subsidiaries and SG Existing JVs which hold, directly or indirectly, the ownership interests of the SG Contributed Subsidiaries) to the Company in exchange for 40% of the Ownership Interests in the
Company which shall be issued in the name of and delivered to SG Topco (it being agreed by the parties that neither the results of any due diligence by Saint Gobain after the date hereof nor any breach of any warranty, representation or covenant
made by Owens Corning in this Agreement or any other Transaction Document shall result in any modification of the parties relative Ownership Interests in the Company as set forth herein); 
 (c) the Parties shall execute and deliver, and shall cause their respective Affiliates to execute and deliver, as applicable, the
Transaction Documents. 
 Section 3.02 Closing. The closing (the “Closing”) of the Contemplated Transactions shall,
unless otherwise agreed by the Parties, take place at the offices of Cleary, Gottlieb, Steen & Hamilton LLP in Brussels, at 10:00 a.m. Central European Time Zone on the first day of the month following the month in which all conditions to
the Closing set forth in Article X have been satisfied or waived (by the Party entitled to waive the condition), unless all such conditions are fulfilled less than five (5) Business Days before the first day of the relevant month, in which case
the Closing Date shall be the first day of the next succeeding month, unless otherwise agreed; provided, in each case, that if such first day is not a Business Day, the Closing shall take place on the Business Day immediately following but shall be
effective on such first day. The Closing will become effective at 12:01 a.m., Central European Time Zone on the Closing Date. 
 Section 3.03
Value of Contributed Businesses. The Parties acknowledge that the fair market value of their combined Businesses is USD1,505,000,000 based on the Business Plan (as that term is defined in the Joint Venture Agreement) and that the value of
Owens Corning’s Business and Saint-Gobain’s Business is equal to 60% and 40% of the combined value, respectively. 
 Section 3.04
Net Working Capital/Net Debt Amounts. 
 (a) Promptly following the Closing Date, but in no event later than
90 days after the Closing Date, each Parent shall, at its expense and with the assistance of the Company, prepare and submit to the Company, the other Parent and the Review Firm (i) the unaudited consolidating balance sheet of its Business
to be included in the Joint Venture as of the close of business on the day prior to the Closing Date (prepared in all material respects in accordance 

  

 4 

 
with U.S. GAAP (in the case of Owens Corning) or IFRS (in the case of Saint-Gobain), presenting fairly, in all material respects, the assets, liabilities,
financial condition and the results of operation of such Business and, to the extent not in conflict with U.S. GAAP or IFRS as appropriate, prepared in accordance with the accounting principles, policies, practices, methods and procedures used in
calculating such Parent’s Reference Date Balance Sheet) and applied on a consistent basis and (ii) a statement setting forth, in reasonable detail, such Parent’s calculation of (x) its Net Working Capital (as to each Parent, its
“Proposed Adjusted Net Working Capital Amount”) and (y) its Net Debt (as to each Parent, its “Proposed Adjusted Net Debt Amount”), in each case as of the close of business on the day prior to the Closing Date.
The Review Firm shall have 45 days following such submission to review the consolidating balance sheets solely for the purpose of providing an “agreed upon procedures opinion” in respect of the Proposed Adjusted Net Working Capital Amount
and the proposed Adjusted Net Debt Amount, which procedures shall be agreed by the Parents in respect of the Proposed Adjusted Net Working Capital Amount and the Proposed Adjusted Net Debt Amount, which shall be submitted to the Parents on the 45th
day following submission to the Review Firm. In the event a Parent disputes the correctness of the other Parent’s Proposed Adjusted Net Working Capital Amount and/or Proposed Adjusted Net Debt Amount, such Parent shall notify the other Parent
in writing of its objections within 30 days after receipt of the Review Firm’s opinion and shall set forth, in writing and in reasonable detail, the reasons for its objections. To be assertable, an objection by a Parent with respect to any
individual item in respect of the other Parent’s Proposed Adjusted Net Working Capital Amount (it being understood that, for purposes of clarification and not by way of limitation, a method of valuation or the application of an accounting
principle used in the preparation of a Parent’s Proposed Adjusted Net Working Capital Amount shall be deemed a separate “item” for purposes of this Section 3.04(a)) (i) must assert that the item was not prepared in
accordance with Section 3.04(b); (ii) must set forth such objecting Parent’s determination of the value for such item (provided that the other Parent shall have made available sufficient information to make such determination of
value), and (iii) the difference in the Parent’s determination of all items disputed must exceed USD 100,000 in the aggregate. To the extent a Parent does not so object, in writing and in reasonable detail as required and within the time
period contemplated by this Section 3.04(a), each Parent shall be deemed to have accepted the other Parent’s calculation and presentation in respect of the matters not subject to objection and such matters shall not be considered to be in
dispute. The Parents shall endeavor in good faith to resolve any disputed matters within 15 days after the date on which the last notice of objections was delivered to a Parent. If the Parents are unable to resolve the disputed matters, they shall
engage Grant Thornton LLP, London office or, in the event Grant Thornton LLP is conflicted, an internationally known independent accounting firm reasonably acceptable to each Parent (Grant Thornton LLP or such other accounting firm, as the case may
be, the “Unaffiliated Firm”), to resolve the matters in dispute (in accordance with Section 3.04(b) and consistent, to the extent possible, with any matters not in dispute). The Parents shall jointly engage the Unaffiliated
Firm. Promptly after such engagement of the Unaffiliated Firm, the Parents will provide the Unaffiliated Firm with a copy of this Agreement, the Financial Statements, the statements of Proposed Adjusted Net Working Capital Amounts and/or Proposed
Adjusted Net Debt Amounts, as applicable, and any written notices of objections related thereto. Each Parent shall deliver to the Unaffiliated Firm a written submission of its position with respect to the matters in dispute, which submissions shall
be delivered by each Parent to the Unaffiliated Firm and to the other Parent simultaneously within 15 days of the engagement of 

  

 5 

 
such Unaffiliated Firm. Each Parent shall thereafter be entitled to submit a rebuttal to the other Parent’s submission, which rebuttals shall be
delivered to the Unaffiliated Firm and to the other Parent simultaneously within 30 days of the delivery of the Parents’ initial submissions. The Unaffiliated Firm may request additional information from either Parent, but absent such a request
neither Parent may make (nor permit any of its Affiliates or Representatives to make) any additional submission to the Unaffiliated Firm or otherwise communicate with the Unaffiliated Firm, and in no event will either Parent (i) communicate (or
permit any of its Affiliates or Representatives to communicate) with the Unaffiliated Firm without providing the other Parent a reasonable opportunity to participate in such communication or (ii) make (or permit any of its Affiliates or
Representatives to make) a written submission to the Unaffiliated Firm unless a copy of such submission is simultaneously provided to the other Parent. Either Parent may make a written request for a hearing with the Unaffiliated Firm by delivering
notice to the other Parent and the Unaffiliated Firm within 15 days after the submission of rebuttals by the Parents. Within 30 days of such written request, the Unaffiliated Firm shall hold a joint hearing, in person or by teleconference,
at which each Parent shall be entitled to make an oral presentation and rebuttal. The Unaffiliated Firm shall have 30 days from the date of such hearing (or, if no such hearing is requested, from the date of submission of written rebuttals) to
review the documents provided to it pursuant to this Section 3.04(a) and deliver its written determination with respect to each of the adjustments in dispute submitted to it for resolution. The Unaffiliated Firm shall resolve the differences
regarding the statements of Proposed Adjusted Net Working Capital Amounts and/or Proposed Adjusted Net Debt Amounts based solely on the information provided to the Unaffiliated Firm by the Parents pursuant to the terms of this Agreement (and not by
independent review). The Unaffiliated Firm’s authority will be limited to resolving disputes with respect to whether the statements of Proposed Adjusted Net Working Capital Amounts were prepared in accordance with the terms of
Section 3.04(b) with respect to the individual items on the statements of Proposed Adjusted Net Working Capital Amounts in dispute (it being understood that the Unaffiliated Firm will have no authority to make any adjustments to any Financial
Statements or amounts other than the statements of Proposed Adjusted Net Working Capital Amounts and/or Proposed Adjusted Net Debt Amounts and amounts set forth therein that are in dispute). In resolving any disputed item with a positive value, the
Unaffiliated Firm may not assign a value to such item greater than the greatest value for such item asserted by either Parent or, in respect of items with a negative value, less than the smallest value for such item asserted by either Parent. The
determination of the Unaffiliated Firm in respect of the correctness of each matter remaining in dispute in accordance with this Section 3.04(a) shall be conclusive and binding, in the absence of fraud or manifest error, on the Parents and
judgment may be entered thereon as an arbitration award in any court of competent jurisdiction. Each Parent’s Net Working Capital as of the close of business on the day prior to the Closing Date, as finally determined pursuant to this
Section 3.04(a), is referred to herein as the “Adjusted Net Working Capital Amount” of such Parent’s Business. Each Parent’s Net Debt as of the close of business on the day prior to the Closing Date, as finally
determined pursuant to this Section 3.04(a), is referred to herein as the “Adjusted Net Debt Amount” of such Parent’s Business. 
 (b) Each Parent’s Proposed Adjusted Net Working Capital Amount shall be determined in accordance with the accounting principles, policies, practices, methods and procedures used in calculating such Parent’s
Working Capital Threshold Amount; for the 

  

 6 

 
avoidance of doubt, any impact of fresh start accounting in connection with Owens Corning’s emergence from bankruptcy shall be eliminated. 

(c) Subject to any applicable privileges (including the attorney-client privilege), each Parent shall make available to the other and,
upon reasonable request, to the Unaffiliated Firm, the books, records, documents and work papers underlying the preparation of such Parent’s Financial Statements and the calculations of such Parent’s Proposed Adjusted Net Working Capital
Amount and Proposed Adjusted Net Debt Amount and the relevant personnel of such Parent. 
 (d) The fees and expenses, if any,
of the Unaffiliated Firm shall be shared by the Parents in inverse proportion to their respective success on the merits and such allocation of fees and expenses shall be calculated by the Unaffiliated Firm and shall be conclusive and binding on the
Parents. 
 Section 3.05 Shareholder Loans. 
 (a) If the OC Total Adjustment, as finally determined, is negative, then on the Adjustment Closing Date OC Topco shall make a loan to the
Company, which shall be subordinated to all other obligations of the Company, in the amount of the OC Total Adjustment as if such amount was a positive number (the “OC Shortfall Shareholder Loan”). The OC Shortfall Shareholder Loan
shall bear interest from the date of the Closing Date until repayment in full at a rate equal to LIBOR plus 30 basis points. The OC Shortfall Shareholder Loan, including all interest accruing thereon, shall be payable on demand; provided that demand
shall only be made after the Exit Date. 
 (b) If the OC Total Adjustment, as finally determined, is positive, then on the
Adjustment Closing Date the Company shall make a loan to OC Topco in the amount of the OC Total Adjustment (the “OC Excess Shareholder Loan”). Each OC Excess Shareholder Loan shall bear interest from the date of the Closing Date
until repayment in full at a rate equal to LIBOR plus 30 basis points. The OC Excess Shareholder Loan, including all interest accruing thereon, shall be payable on demand; provided that demand shall only be made after the Exit Date. 
 (c) If the SG Total Adjustment, as finally determined, is negative, then on the Adjustment Closing Date SG Topco shall make a loan to the
Company, which shall be subordinated to all other obligations of the Company, in the amount of the SG Total Adjustment as if such amount was a positive number (the “SG Shortfall Shareholder Loan”). The SG Shortfall Shareholder Loan
shall bear interest from the date of the Closing Date until repayment in full at a rate equal to LIBOR plus 30 basis points. The SG Shortfall Shareholder Loan, including all interest accruing thereon, shall be payable on demand; provided that demand
shall only be made after the Exit Date. 
 (d) If the SG Total Adjustment, as finally determined, is positive, then on the
Adjustment Closing Date the Company shall make a loan to SG Topco in the amount of the SG Total Adjustment (the “SG Excess Shareholder Loan”). Each SG Excess Shareholder Loan shall bear interest from the date of the Closing Date
until repayment in full at a rate equal to LIBOR 

  

 7 

 
plus 30 basis points. The SG Excess Shareholder Loan, including all interest accruing thereon, shall be payable on demand; provided that demand shall only be
made after the Exit Date. 
 (e) All amounts to be paid pursuant to this Section 3.05 shall be paid on the Adjustment
Closing Date in immediately available funds by wire transfer to a bank account designated in writing by the payee to the payor at least three Business Days prior to the Adjustment Closing Date. 
 (f) The obligations of Saint-Gobain and the Company under this Section 3.05 are independent of the obligations of Owens Corning and
the Company under Section 3.05 and the obligations of Owens Corning and the Company under this Section 3.05 are independent of the obligations of Saint-Gobain and the Company under Section 3.05. 
 Section 3.06 Assignment of Contracts and Rights. Anything in this Agreement to the contrary notwithstanding, this Agreement (including the
reorganizations contemplated in Article II) shall not constitute an agreement to contribute or otherwise sell, convey, transfer, assign or sublicense any Contract, license or permit constituting a Contributed Asset, or any claim, right or
benefit arising thereunder or resulting therefrom, or to enter into any other agreement or arrangement with respect thereto, if an attempted assignment, sale, conveyance, sublicense or transfer thereof, or entering into any such agreement or
arrangement, without the consent of a third party, would constitute a breach of, or other contravention under, any agreement to which either Parent, or their respective Asset Transferors, is a party, be ineffective with respect to any party thereto
or in any way adversely affect the rights of either Parent, or their respective Asset Transferors, or the transferee thereunder. With respect to any such Contract, license or permit or any claim, right or benefit arising thereunder or resulting
therefrom, promptly after the date hereof, the Parties will use reasonable commercial efforts (but without any payment of money or other transfer of value by either Parent or the Company or any of their respective Affiliates to any third party) to
obtain any required consent for the assignment, transfer or sublicense of any such Contract, license or permit to the Company, or written confirmation reasonably satisfactory in form and substance to the Parties confirming that such consent is not
required. If a required consent is not obtained with respect to any such Contract, license or permit (a “Consent Failure”), the applicable Parent, its Asset Transferors and the Company will cooperate in a mutually agreeable
arrangement under which the Company would obtain the benefits thereunder in accordance with this Agreement, including subcontracting or subleasing to the Company or to an Affiliate of the Company, subject to Applicable Law and the terms of any such
Contract, license or permit, with the Company or its applicable Affiliate obtaining the claims, rights and benefits of the applicable Parent, or its Asset Transferors, and assuming the obligations under such Contract, license or permit in accordance
with this Agreement, and the applicable Parent, or its Asset Transferors, will enforce at the request of and for the benefit of the Company or its applicable Affiliate, with the Company or its applicable Affiliate assuming the applicable
Parent’s, or its Asset Transferors, obligations, any and all claims, rights and benefits of the applicable Parents, or its Asset Transferors, against any third party thereto arising from any such Contract, license or permit (including the right
to elect to terminate such Contract in accordance with the terms thereof upon the request of the Company). If any Consent Failure occurs and the applicable Parent, or its Asset Transferors, and the Company or its applicable Affiliate have failed to
have entered into an arrangement to provide to the Company or its applicable Affiliate the benefits under the relevant Contract, license or 

  

 8 

 
permit, such Parent and the Company shall cooperate following the Closing to obtain such consent or enter into an agreement with respect thereto as soon as
reasonably practicable thereafter. 
 ARTICLE IV 
 REPRESENTATIONS AND WARRANTIES 
 Section 4.01 Representations and Warranties of Owens Corning.
Owens Corning hereby represents and warrants to Saint-Gobain, SG Topco and to the Company that: 
 (a) Corporate Existence
and Power. Owens Corning, each of its Combined Transferors and each OC Contributed Subsidiary is an entity duly formed, validly existing and, where applicable, in good standing under the laws of the jurisdiction of its formation or incorporation
(as applicable) and has all corporate or similar power and authority required to carry on Owens Corning’s Business as now conducted. Owens Corning, each of its Combined Transferors and each OC Contributed Subsidiary is duly qualified to do
business as a foreign corporation or other entity and, where applicable, is in good standing in each jurisdiction where the character of the property owned or leased by it or the nature of its activities make such qualification necessary to carry on
Owens Corning’s Business as now conducted, except where the failure to be so qualified or in good standing has not had, and could not reasonably be expected to have, a Material Adverse Effect on Owens Corning’s Business. 
 (b) Corporate Authorization. The execution, delivery and performance by Owens Corning and its Subsidiaries of the Transaction
Documents to which any of them are a party or by which any of them is bound and the consummation by Owens Corning and such Subsidiaries of the Contemplated Transactions are within their respective corporate or similar powers and have been (or in
respect to Owens Corning’s Subsidiaries other than OC Topco, as of Closing shall have been) duly authorized by all necessary corporate or similar action on their respective parts. This Agreement constitutes and each of the other Transaction
Documents to which Owens Corning or any of its Subsidiaries is a party or by which any of them is bound constitutes or shall constitute at Closing a legal, valid and binding agreement of Owens Corning or such Subsidiary, enforceable against it in
accordance with its terms (i) except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect relating to or affecting creditors’ rights generally,
including the effect of statutory and other laws regarding fraudulent conveyances and preferential transfers, and (ii) subject to the limitations imposed by general equitable principles regardless of whether such enforceability is considered in
a proceeding at law or in equity. 
 (c) OC Contributed Subsidiaries and OC Existing JVs. Set forth in
Schedule 4.01(c) is a true and complete list of each OC Contributed Subsidiary and each OC Existing JV (it being understood that Schedule 4.01(c) shall be updated promptly following the OC Reorganization in order to add the OC
Reorganized Subsidiaries and such updated Schedule shall be deemed to be Schedule 4.01(c) as of the Closing Date), together with their (i) jurisdiction of formation or incorporation, (ii) number and type of authorized ownership
interests, (iii) number and type of issued and outstanding ownership interests, the name of each holder thereof and the number and type of ownership interests held by each such holder and 

  

 9 

 
(iv) as of the date hereof, directors, managing directors, chief executive officers, general managers and all other Persons holding general management
powers. All of the issued and outstanding ownership interests of each OC Contributed Subsidiary and OC Existing JV have been duly authorized, are validly issued, fully paid and non-assessable and were not issued in violation of any Applicable Laws
or any preemptive rights of any holder of ownership interests of such OC Contributed Subsidiary and OC Existing JV. Except for the ownership interests set forth in Schedule 4.01(c), neither Owens Corning nor any of its Subsidiaries owns,
directly or indirectly, any ownership interests in any other Person that is engaged in Owens Corning’s Business. Except as set forth in Schedule 4.01(c), all of the outstanding ownership interests of each OC Contributed Subsidiary
are held of record and owned beneficially by Owens Corning or one of its Subsidiary Transferors free and clear of any restrictions on transfer (other than restrictions under the United States Securities Act of 1933, as amended, and state and foreign
securities laws), purchase rights and Liens (other than Permitted Liens). Except as set forth in Schedule 4.01(c), all of the outstanding ownership interests of OC Existing JVs reflected as being held by Owens Corning or any of its
Subsidiaries on such Schedule are held of record and owned beneficially by Owens Corning or such Subsidiaries free and clear of any restrictions on transfer (other than restrictions under the Securities Act and state and foreign securities laws),
purchase rights and Liens (other than Permitted Liens). A true and correct copy of the charter, bylaws or similar organizational documents of each OC Contributed Subsidiary and each OC Existing JV has been made available to Saint-Gobain. 

(d) Governmental Authorization. The execution and delivery by Owens Corning and each of its Subsidiaries of the Transaction Documents
(and the performance of the transactions contemplated thereby) to which Owens Corning or such Subsidiary is a party or by which any of them is bound require no action by or in respect of, or consent or approval of, or filing with, any Governmental
Authority other than: 
 (i) compliance with any applicable requirements of Antitrust or Competition Laws; 
 (ii) the actions, consents, approvals, permits or filings set forth in Schedule 4.01(d) or otherwise expressly referred to in this
Agreement; and 
 (iii) such other consents, approvals, authorizations, permits and filings the failure to obtain or make of
which would not have, individually or in the aggregate, a Material Adverse Effect on Owens Corning’s Business. 
 (e)
Non-Contravention. Except as set forth in Schedule 4.01(e), the execution and delivery by Owens Corning and each of its Subsidiaries of the Transaction Documents (and the performance of the transactions contemplated thereby) to which
Owens Corning or such Subsidiary is a party or by which any of them is bound do not and shall not (i)(A) contravene or conflict with the charter, bylaws or other organizational documents of Owens Corning, such Subsidiary, any of Owens Corning’s
Combined Transferors or any OC Contributed Subsidiary, (B) assuming compliance with the matters referred to in Section 4.01(d), contravene or conflict with, or constitute a violation of, any provisions of any Applicable Law binding upon
Owens Corning, such Subsidiary, any of Owens Corning’s Combined Transferors or any OC Contributed Subsidiary that is applicable to Owens Corning’s Business, or (C) assuming 

  

 10 

 
compliance with the matters referred to in Section 4.01(d), constitute a default under, or give rise to any right of termination, cancellation or
acceleration of, or to a loss of any benefit relating to Owens Corning’s Business to which Owens Corning or any of its Subsidiaries is entitled under, any Contract binding upon Owens Corning or any of its Subsidiaries and relating to Owens
Corning’s Business or by which any of the OC Contributed Assets is or may be bound (including any Contract included in the OC Contributed Assets) or any license, franchise, permit or similar authorization held by Owens Corning or any of its
Subsidiaries relating to Owens Corning’s Business except, in the case of clauses (B) and (C), for any such contravention, conflict, violation, default, termination, cancellation, acceleration or loss that could not reasonably be expected
to have a Material Adverse Effect on Owens Corning’s Business or (ii) result in the creation or imposition of any Lien on any OC Contributed Asset, other than Permitted Liens. 
 (f) Financial Statements. Attached hereto as Exhibit E is (i) the unaudited consolidating balance sheet of Owens
Corning’s Business at September 30, 2006 (the “OC Reference Date Balance Sheet”) and (ii) the unaudited consolidating income statement of Owens Corning’s Business for the nine-month period ended
September 30, 2006 (the OC Reference Date Balance Sheet and the income statement referred to in clause (ii) being herein collectively referred to as the “OC Financial Statements”). Except as set forth on
Schedule 4.01(f), (A) the OC Financial Statements have been prepared in all material respects in accordance with U.S. GAAP and (B) the OC Financial Statements present fairly, in all material respects, the assets, liabilities,
financial condition and the results of operations of Owens Corning’s Business at, and for the nine-month period ended September 30, 2006. The OC Financial Statements have been derived from the chart of accounts included in
Exhibit E. 
 (g) Absence of Certain Changes. Except as set forth in Schedule 4.01(g), from
September 30, 2006 to the date of this Agreement, Owens Corning, its Combined Transferors, the OC Contributed Subsidiaries and the OC Existing JVs that are Subsidiaries of Owens Corning have conducted Owens Corning’s Business in all
material respects in accordance with the historical and customary operating practices relating to the conduct of such Business and there has not been: 
 (i) any event or occurrence that has had a Material Adverse Effect on Owens Corning’s Business; 
 (ii) any damage, destruction or other casualty loss affecting any assets owned, held or used by Owens Corning or any of its Subsidiaries in the conduct of Owens Corning’s Business, in each case in an amount exceeding USD3,000,000;

 (iii) to the extent not covered by any other clause of this Section 4.01(g), (A) any transaction or commitment
made, or any Contract entered into, by Owens Corning or any of its Subsidiaries relating to Owens Corning’s Business or (B) any termination or amendment by Owens Corning of any Contract or other right relating to Owens Corning’s
Business, in each case that is material, other than transactions and commitments in the ordinary course of business and those contemplated by this Agreement; 
 (iv) any transaction or commitment made, or any Contract entered into, by Owens Corning or any of its Subsidiaries requiring Owens
Corning’s Business to “take 

  

 11 

 
or pay” for a minimum number or volume of goods, or to purchase a minimum number or volume of goods in excess of requirements under applicable customer
Contracts or otherwise guaranteeing any of the foregoing, in each case in an amount exceeding USD100,000; 
 (v) any sale or
other disposition of more than an aggregate of USD3,000,000 of assets (other than sales of inventory, sales otherwise made in the ordinary course of business, or sales or dispositions to Owens Corning’s Affiliates as part of the OC
Reorganization) owned, held or used by Owens Corning or any of its Subsidiaries in the conduct of Owens Corning’s Business; 
 (vi) any increase in the compensation of any current employee of Owens Corning’s Business whose annual salary equaled or exceeded USD200,000 immediately prior to such increase, other than (A) compensation increases or bonus awards
in the ordinary course of business, (B) as required by Applicable Law or collective bargaining agreement or (C) nondiscretionary increases pursuant to an OC Benefit Plan disclosed in Schedule 4.01(r); 
 (vii) any cancellation, compromise, waiver or release by Owens Corning or any of its Subsidiaries of any claim or right (or a series of
related claims or rights) relating to Owens Corning’s Business, in each case other than cancellations, compromises, waivers or releases (i) in the ordinary course of business consistent with Past Practice or (ii) in respect of a claim
or right of an amount lower than USD250,000; 
 (viii) any Lien (other than a Permitted Lien) imposed on any of the assets,
properties or rights that are owned by Owens Corning or any of its Subsidiaries in the conduct of Owens Corning’s Business and which will be owned, directly or indirectly, by the Company following the Closing; 
 (ix) any change in the accounting practices of Owens Corning’s Business; 
 (x) any loan, advance or capital contribution to, or investment in, any Person (other than an OC Contributed Subsidiary or in relation to
the OC Reorganization) by any OC Contributed Subsidiary other than in the ordinary course of business consistent with Past Practice (such ordinary course of business items to include, among others, advances for normal business travel expenses);

 (xi) any capital expenditures or commitments in a single transaction in an amount exceeding USD5,000,000; 
 (xii) in each case solely to the extent relating to Owens Corning’s Business, an OC Contributed Subsidiary or an OC Contributed
Asset, any material change in the Tax elections, any settlement or compromise of any material Tax liability, any change in any material tax accounting method, or any material assessments, notices of deficiencies, audits, actions, suits or
proceedings filed against Owens Corning (or an OC Contributed Subsidiary) with respect to any Tax; 
  

 12 

 (xiii) any hedging or other derivative Contract where such Contract will be binding on
the Company or any of its Subsidiaries or the Company or any of its Subsidiaries will otherwise have liability therefor after the Closing; or 
 (xiv) any agreement, whether in writing or otherwise, to do any of the foregoing. 
 (h)
Sufficiency of and Title to the Contributed Assets and Contributed Subsidiaries. 
 (i) Except as set forth in
Schedule 4.01(h)(i), the OC Contributed Assets, together with the assets of the OC Contributed Subsidiaries and the OC Existing JVs and any rights or services to be provided by Owens Corning or any of its Subsidiaries to the Company or any of
its Subsidiaries pursuant to the Transaction Documents (except for Intellectual Property, which is the subject of Section 4.01(p)), shall constitute on the Closing Date, all of the assets and services that are necessary to permit the operation
of Owens Corning’s Business in substantially the same manner as such operations have heretofore been conducted; provided, however, that this Section 4.01(h)(i) shall not be deemed to be breached as a result of any action for
which Saint-Gobain has provided its consent pursuant to Section 5.01. 
 (ii) Except as set forth in Schedule
4.01(h)(ii), Owens Corning and its Asset Transferors have good and marketable title in and to, a valid leasehold interest in or a valid license to use, each of the OC Contributed Assets, having a fair market value in excess of USD250,000 free
and clear of all Liens, except for Permitted Liens. Except as set forth on Schedule 4.01(h)(ii), each OC Contributed Subsidiary has good and marketable title in and to, a valid leasehold interest in or a valid license to use, all tangible
assets having a fair market value in excess of USD250,000 used by such OC Contributed Subsidiary in the conduct of Owens Corning’s Business free and clear of all Liens, except for Permitted Liens. Except as set forth in Schedule
4.01(h)(ii), all tangible property and assets having a fair market value in excess of USD250,000 included in each of the OC Contributed Assets and all tangible property and assets owned, held or used by the OC Contributed Subsidiaries have been
maintained in all material respects consistent with the normal historical practices of Owens Corning’s Business during the five year period preceding the date of this Agreement. 
 (iii) Schedule 4.01(h)(iii) includes a true and complete list of all real property owned by Owens Corning and its Subsidiaries that
is used in Owens Corning’s Business (collectively, the “OC Owned Real Property”). Schedule 4.01(h)(iii) sets forth the address of each parcel of OC Owned Real Property and the owner of such OC Owned Real Property (it
being understood that Schedule 4.01(h)(iii) shall be updated promptly following the OC Reorganization in order to give effect to the change in ownership of certain of the OC Owned Real Property pursuant to the OC Reorganization and such
updated Schedule shall be deemed to be Schedule 4.01(h)(iii) as of the Closing Date). 
 (iv) Schedule
4.01(h)(iv) includes a true and complete list of all agreements (together with any amendments thereof), other than warehouse service agreements, pursuant to which Owens Corning and its Subsidiaries lease, sublease or otherwise occupy 

  

 13 

 
(whether as landlord, tenant, subtenant or other occupancy arrangement) any real property that is used in Owens Corning’s Business (collectively, the
“OC Leased Real Property”). Schedule 4.01(h)(iv) sets forth the address of each parcel of OC Leased Real Property and the owner of the leasehold, subleasehold or occupancy interest for each parcel of OC Leased Real Property
(it being understood that Schedule 4.01(h)(iv) shall be updated promptly following the OC Reorganization in order to give effect to the change in ownership of the leasehold, subleasehold or occupancy interest in certain of the OC Leased Real
Property pursuant to the OC Reorganization and such updated Schedule shall be deemed to be Schedule 4.01(h)(iv) as of the Closing Date). 
 (i) No Undisclosed Liabilities. Except as set forth in Schedule 4.01(i), there are no liabilities relating to Owens Corning’s Business of any kind whatsoever, whether accrued, contingent,
absolute, determined, determinable or otherwise, other than: 
 (i) liabilities disclosed (or provided for) in the OC
Financial Statements and liabilities for matters to be taken into account in the determination of the Owens Corning Adjusted Net Working Capital Amount; 
 (ii) liabilities (A) related to any Contract disclosed in Owens Corning’s Disclosure Schedules or (B) related to any OC Benefit Plan disclosed in Schedule 4.01(r); 
 (iii) liabilities incurred in the ordinary course of business since September 30, 2006; 
 (iv) contingent liabilities not required to be accrued for or reserved against in accordance with U.S. GAAP or the accounting principles,
policies, practices, methods and procedures utilized in the preparation of the OC Financial Statements, as disclosed in the notes to the OC Financial Statements; 
 (v) with respect to the bring down of this representation and warranty as of the Closing Date, liabilities not required to be accrued for
or reserved against in accordance with U.S. GAAP or the accounting principles, policies, practices, methods and procedures utilized in the preparation of the OC Financial Statements, as disclosed in the notes to the OC Financial Statements;

 (vi) liabilities disclosed in Schedule 4.01(i)(vi), which relate to an update of the reserves shown in the OC
Financial Statements up to the date of this Agreement; and 
 (vii) liabilities in addition to those referenced in the
foregoing clauses (i) through (vi), that, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect on Owens Corning’s Business. 
 (j) Litigation. Except as set forth in Schedule 4.01(j) or reserved against or referred to in the OC Financial Statements
and except for matters arising under or related to Environmental Laws (which is the subject of Section 4.01(n)), there is no action, suit, investigation or proceeding pending, or to the knowledge of Owens Corning, threatened against 

  

 14 

 
or affecting, Owens Corning’s Business before any Governmental Authority or arbitral panel that have claimed, or could reasonably be expected to result
in, Damages in excess of USD3,000,000. 
 (k) Material Contracts. 
 (i) Except as set forth in Schedule 4.01(k)(i), Owens Corning and its Subsidiaries, with respect to Owens Corning’s Business,
are not parties to or otherwise bound by or subject to: 
 (A) any written employment, severance, consulting or sales
representative Contract that contains an obligation (excluding commissions) to pay more than USD200,000 per year, any collective bargaining agreement (other than those applicable nationally or to an industry as a whole) or other agreement with a
labor union, works council, union delegation, or other recognized labor employee representative or any other agreement that contains an obligation either to employ a specified number of employees or to make a payment to any other Person in lieu
thereof; 
 (B) any Contract containing a specific covenant applicable to Owens Corning or any of its Subsidiaries not to
compete in any geographic area in any material respect if such Contract will be binding on the Company after the Closing; 
 (C) any Contract requiring Owens Corning’s Business to “take or pay” for a minimum number or volume of goods, or to purchase a minimum number or volume of goods in excess of requirements under applicable customer Contracts or
otherwise guaranteeing any of the foregoing, in each case in an amount in excess of USD100,000; 
 (D) any Contract in effect
on the date of this Agreement relating to the disposition or acquisition of the assets of, or any interest in, any business enterprise that relates to Owens Corning’s Business (other than with respect to inventory or otherwise in the ordinary
course of business or to an Owens Corning Affiliate as part of the OC Reorganization), in each case with a value in excess of USD3,000,000; 
 (E) any Financial Support Arrangements in respect of obligations or liabilities (other than from one OC Contributed Subsidiary to another OC Contributed Subsidiary) where such arrangements will be binding on the
Company or any of its Subsidiaries or the Company or any of its Subsidiaries will otherwise have liability therefor after the Closing; 
 (F) any note, debenture, bond, letter of credit, loan or other Contract relating to indebtedness for borrowed money with a principal amount in excess of USD3,000,000 where such Contract will be binding on the Company
or any of its Subsidiaries or the Company or any of its Subsidiaries will otherwise have liability therefor after the Closing; 
 (G) any Contract (it being understood that for purposes of this representation, a purchase order issued under an existing master agreement will not constitute a separate Contract) with a supplier, vendor, or subcontractor with an aggregate
contract value in excess of USD3,000,000; 
  

 15 

 (H) any partnership, joint venture or similar agreement; or 
 (I) any Contract with a Governmental Authority (other than where Owens Corning or its Subsidiary is solely acting in a subcontractor or
similar capacity); 
 (J) any Contract containing a “most favored nations” clause for the benefit of the non-Owens
Corning Affiliated party or granting to any Person (other than an OC Contributed Subsidiary) a right of first refusal or right of first offer with respect to any asset; 
 (K) any Contract with an Affiliate and, regardless of whether or not such Contract is related to Owens Corning’s Business, any
Contract between any OC Contributed Subsidiary and any of its Affiliates (other than those Contracts between one OC Contributed and another OC Contributed Subsidiary); 
 (L) any Contract for any capital expenditure or leasehold improvement in any one case in excess of USD5,000,000; 
 (M) any hedging or other derivative Contract where such Contract will be binding on the Company or the Company will otherwise have
liability therefor after the Closing; or 
 (N) any Contract with a customer with an aggregate contract value in excess of
USD3,000,000. 
 (ii) Owens Corning has made a true and correct copy of each Contract disclosed in
Schedule 4.01(k)(i) and 4.01(h)(iv) available to Saint-Gobain. Except as disclosed in Schedule 4.01(k)(ii), each Contract disclosed in Schedule 4.01(k)(i), and 4.01(h)(iv) is in full force and effect and
constitutes a legal, valid and binding obligation of Owens Corning (or its applicable Subsidiary) enforceable against Owens Corning (or its applicable Subsidiary) in accordance with its terms (except as enforceability may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect relating to or affecting creditors’ rights generally, including the effect of statutory and other laws regarding fraudulent conveyances and
preferential transfers, and subject to the limitations imposed by general equitable principles regardless of whether such enforceability is considered in a proceeding at law or in equity), and Owens Corning (or its applicable Subsidiary) is not in
material default and has not failed to perform any material obligation thereunder, and as a result thereof, neither Owens Corning nor any of its Subsidiaries has received an early termination notice from any party thereto and, to the knowledge of
Owens Corning, there does not exist any event, condition or omission that would constitute a material breach or default of a material contract (whether by lapse of time or notice or both) by any other Person. 
 (l) Licenses and Permits. To the knowledge of Owens Corning, except as set forth in Schedule 4.01(l), Owens Corning, its
Asset Transferors and the OC Contributed Subsidiaries have all licenses, franchises, permits and other similar authorizations affecting, or relating in any way to, Owens Corning’s Business required by Applicable Law (other than Environmental
Laws, which is the subject of Section 4.01(n)) to be obtained by Owens Corning, its Asset Transferors and the OC Contributed Subsidiaries to permit Owens Corning, its Asset 

  

 16 

 
Transferors and the OC Contributed Subsidiaries to conduct Owens Corning’s Business in substantially the same manner as Owens Corning’s Business
has heretofore been conducted, except where the failure to have such licenses, franchises, permits and similar authorizations has not had, and could not reasonably be expected to have, a Material Adverse Effect on Owens Corning’s Business.

 (m) Finders’ Fees. There is no investment banker, broker, finder or other intermediary that has been retained
by or is authorized to act on behalf of Owens Corning or any of its Subsidiaries who might be entitled to any fee or commission from the Company, Saint-Gobain or any of their respective Affiliates upon consummation of the Contemplated Transactions.

 (n) Environmental Matters. 
 (i) Except as disclosed in Schedule 4.01(n)(i): (A) The operation of Owens Corning’s Business and the OC Owned Real
Property and OC Leased Real Property, is and has been in compliance with all applicable Environmental Laws, except where the failure to be in compliance with such Environmental Laws could not reasonably be expected to have a Material Adverse Effect
on Owens Corning’s Business; (B) Owens Corning, its Asset Transferors and the OC Contributed Subsidiaries have obtained, have been and are, in compliance with all Environmental Permits required in connection with the ownership and
operation of Owens Corning’s Business, except where the failure to have obtained or comply with such Environmental Permits could not reasonably be expected to have a Material Adverse Effect on Owens Corning’s Business; (C) none of
Owens Corning, its Asset Transferors or the OC Contributed Subsidiaries have received written notice of any Environmental Claim or threatened Environmental Claim relating to Owens Corning’s Business, other than any such Environmental Claim or
threatened Environmental Claim that has been fully resolved or that could not reasonably be expected to have a Material Adverse Effect on Owens Corning’s Business; (D) none of Owens Corning, its Asset Transferors or the OC Contributed
Subsidiaries in connection with Owens Corning’s Business, has entered into, agreed in writing to, or is subject to, any judgment, decree, order or other similar requirement of or written agreement with any Governmental Authority under any
Environmental Laws, other than any such judgment, decree, order or other requirement or agreement that could not reasonably be expected to have a Material Adverse Effect on Owens Corning’s Business; (E) no Releases of Hazardous Materials
have occurred at, in, to, on, under or are emanating from any OC Owned Real Property or OC Leased Real Property or any real property formerly owned, operated, leased or occupied by Owens Corning or its Subsidiaries in connection with Owens
Corning’s Business (or any of their respective predecessors) that are, in each case, (1) in violation of applicable Environmental Laws; (2) in amounts, levels or concentrations that are required to be investigated or remediated under
applicable Environmental Laws or by a Governmental Authority; or (3) are in excess of applicable remediation standards under applicable Environmental Laws, other than any such Releases that could not reasonably be expected to have a Material
Adverse Effect on Owens Corning’s Business; (F) no Person has been exposed to any Hazardous Materials on or prior to the Closing Date, at, in, to, on under or emanating from any OC Owned Real Property or OC Leased Real Property or any real
property formerly owned, operated, leased or occupied by Owens Corning or its Subsidiaries in connection with Owens Corning’s Business (or any of their respective predecessors) that could result in an 

  

 17 

 
Environmental Claim other than any such Environmental Claims that could not reasonably be expected to have a Material Adverse Effect on Owen Corning’s
Business; (G) neither Owens Corning nor its Subsidiaries in connection with Owens Corning’s Business has any liability under applicable Environmental Laws and there are no Environmental Claims with respect to the off-site transportation,
treatment, storage or disposal of Hazardous Materials or the arrangement for the same by or on behalf of Owens Corning or its Subsidiaries in connection with Owens Corning’s Business other than any such liability or Environmental Claims that
could not reasonably be expected to have a Material Adverse Effect on Owens Corning’s Business; (H) to the knowledge of Owens Corning, no OC Owned Real Property or OC Leased Real Property is identified on any lists or databases maintained
by any Governmental Authorities of contaminated sites or sites requiring investigation or remediation under Environmental Laws; (I) none of Owens Corning, its Asset Transferors or the OC Contributed Subsidiaries in connection with Owens
Corning’s Business has, either expressly or by operation of law, assumed responsibility for or agreed to indemnify or hold harmless any Person for any liability or obligation, arising under or relating to Environmental Laws, other than that
which could not reasonably be expected to have a Material Adverse Effect on Owens Corning’s Business; (J) there are no written environmental assessments, investigations, audits, tests, or analyses (other than those relating to Asbestos
Materials or Asbestos Laws to the extent that any liability therefor has been discharged in the OC Bankruptcy Plan of Reorganization or is covered by the 524(g) Injunction) which are in the possession of Owens Corning, its Asset Transferors or the
OC Contributed Subsidiaries in connection with Owens Corning’s Business that have not been made available to Saint-Gobain or its advisors prior to execution of this Agreement, other than any such documents that identify issues that could not
reasonably be expected to have a Material Adverse Effect on Owens Corning’s Business; (K) none of Owens Corning, its Asset Transferors or the OC Contributed Subsidiaries (or any of their respective predecessors) in connection with Owens
Corning’s Business currently or in the past, have ever manufactured, processed, distributed, marketed or sold any asbestos or asbestos-containing materials or products that could be reasonably expected to have a Material Adverse Effect other
than to the extent any Damages therefor have been discharged in the OC Bankruptcy Plan of Reorganization or are covered by the 524(g) Injunction; (L) there are no financial assurance requirements arising under Environmental Laws with respect to
Owens Corning’s Business; and (M) neither the execution of this Agreement nor consummation of the transaction contemplated by this Agreement will require any notification to or consent of any Governmental Authorities or the undertaking of
any investigations or remedial actions pursuant to Environmental Laws that could reasonably be expected to have a Material Adverse Effect on Owens Corning’s Business. 
 (ii) Notwithstanding any other provision of this Section 4.01, this Section 4.01(n) sets forth the sole and exclusive
representations and warranties governing matters arising under or relating to Environmental Laws in Section 4.01 of this Agreement, and no other representations or warranties in Section 4.01 of this Agreement shall be deemed to address or
cover any matter arising under or relating to any Environmental Laws. 
 (iii) Notwithstanding anything to the contrary in
this Agreement, for purposes of this Section 4.01(n), (i) Hazardous Materials shall exclude Asbestos Materials; (ii) Environmental Laws shall exclude Asbestos Laws; (iii) Environmental Permits shall exclude any Environmental
Permit issued by any Governmental Authority under or in 

  

 18 

 
connection with any Asbestos Materials or Asbestos Laws; and (iv) Environmental Claim shall exclude any Environmental Claim arising under or relating to
any Asbestos Materials or Asbestos Laws; provided that in the case of (i) to (iv) only to the extent any Damages therefor have been discharged in the OC Bankruptcy Plan of Reorganization or are covered by the 524(g) Injunction.

 (o) Compliance with Laws. Except as set forth in Schedule 4.01(o), for matters arising under or related to
Environmental Laws (which is the subject of Section 4.01(n)), and for violations or infringements that have not had, and could not reasonably be expected to have, a Material Adverse Effect on Owens Corning’s Business, to the knowledge of
Owens Corning, the operation of Owens Corning’s Business and condition of the assets owned, held or used in the conduct of Owens Corning’s Business have not violated or infringed, and do not violate or infringe, in any respect any
Applicable Law or any order, writ, injunction or decree of any Governmental Authority. 
 (p) Intellectual Property.

 (i) Except as set forth in Schedule 4.01(p)(i), the OC Contributed Intellectual Property, together with the OC Third
Party Intellectual Property and the OC Licensed Intellectual Property, constitute all of the material Intellectual Property: 
 (a) of Owens Corning and its Affiliates which is used or was used by the OC Contributed Subsidiaries, or 
 (b) of
Owens Corning and its Affiliates which is necessary, or 
 (c) which is held by the OC Contributed Subsidiaries for use, or

 (d) of the OC Contributed Subsidiaries which could have been used by the OC Contributed Subsidiaries, 
 to develop, manufacture, use, market, distribute and sell Company Products in Owens Corning’s Business as conducted on or before the Closing Date.

 (ii) Except as set forth in Schedule 4.01(p)(ii), to the knowledge of Owens Corning, the conduct of Owens
Corning’s Business during the five (5) years preceding the Closing Date does not infringe or constitute misappropriation, dilution, or unlawful use of Intellectual Property of any third party, and Owens Corning has not received any written
notice or other written communication asserting any of the foregoing that remains unresolved. 
 (iii) Except as set forth in
Schedule 4.01(p)(iii), 
 (A) one or more of the OC Contributed Subsidiaries and/or IP Holdcos collectively will on
the Closing Date (x) own and possess all right, title and interest in and to all of the OC Contributed Intellectual Property, including all rights to sue at law or in equity for any infringement or other impairment thereof, including the right
to receive all proceeds and damages therefrom, and (y) will have valid licenses to (1) the OC Licensed 

  

 19 

 
Intellectual Property pursuant to the OC Intellectual Property License Agreements and (2) the OC Third Party Intellectual Property; 
 (B) no judicial or regulatory action, including, but not limited to, interference, opposition, reissue, reexamination or other
proceedings, is pending or, to the knowledge of Owens Corning, threatened, contesting the scope, validity, enforceability, claim construction, use, right, title, interest, or ownership of any of the OC Contributed Intellectual Property or the OC
Licensed Intellectual Property; 
 (C) no judicial action is pending or, to the knowledge of Owens Corning, threatened
against or affecting Owens Corning’s Business involving any alleged infringement, misappropriation, dilution or unlawful use of any third party Intellectual Property arising by the use of the OC Contributed Intellectual Property or the OC
Licensed Intellectual Property in Owens Corning’s Business on or before the Closing Date to manufacture, use, or sell Company Products; and 
 (D) to the knowledge of Owens Corning, no third party is infringing, misappropriating, diluting or unlawfully using any OC Contributed Intellectual Property or OC Licensed Intellectual Property. 
 (iv) Except as set forth in Schedule 4.01(p)(iv), all OC Licensed Intellectual Property Rights may be licensed by Owens Corning or
one or more of its Affiliates to one or more of the OC Contributed Subsidiaries, and/or IP Holdcos for sublicensing to the Company pursuant to the OC Intellectual Property License Agreements. 
 (v) To the knowledge of Owens Corning, Owens Corning and/or one or more of its Affiliates have complied in due time with the necessary
filings and payments of annuities and maintenance fees required to maintain the OC Contributed Intellectual Property or OC Licensed Intellectual Property in full force and effect. 
 (vi) Except as set forth in Schedule 4.01 (p)(vi), Owens Corning has not granted, licensed or conveyed to any third party, pursuant
to any written contract, agreement, license or other arrangement, any license or other right, title or interest in, to or under any OC Contributed Intellectual Property or OC Licensed Intellectual Property in connection with the manufacture, use,
and sale of Company Products. 
 (q) Taxes. Except as set forth in Schedule 4.01(q) or as could not reasonably
be expected to have a Material Adverse Effect on Owens Corning’s Business, (i) all Tax Returns required to be filed on or before the Closing Date by Owens Corning and its Subsidiaries with any Tax Authority in respect of the OC Contributed
Assets or the operations of Owens Corning’s Business have been filed or shall be filed in accordance with all Applicable Laws and are in all material respects complete and accurate, (ii) all Taxes due and owing by Owens Corning or any of
its Subsidiaries that relate to the OC Contributed Assets or the operations of Owens Corning’s Business, whether or not reflected on a Tax Return, have been paid, and the OC Financial Statements adequately reflects all Taxes due (as opposed to
any reserve for deferred Taxes established to reflect temporary differences between book and Tax income) attributable to the OC Contributed Assets as of that date, (iii) Owens Corning and its Subsidiaries have timely 

  

 20 

 
withheld, paid and/or made full provision for all material Taxes required to have been withheld and paid in connection with amounts paid or owing to any
employee, former employee, creditor, independent contractor, shareholder, affiliate, customer, supplier or other third party, (iv) no material Tax Return of Owens Corning or its Subsidiaries is under audit, examination, action, suit or
proceeding by any Tax Authority, and no written or unwritten notice of such an audit, examination, action, suit or proceeding has been received by Owens Corning or any subsidiary, (v) no issues relating to Taxes were asserted in writing by any
Tax Authority in any completed or current audit or examination of Owens Corning or its Subsidiaries that would reasonably be expected to recur in a later taxable period, (vi) neither Owens Corning nor any of its Subsidiaries has received or is
subject to any written ruling of a Tax Authority related to Taxes or has entered into any written and legally binding agreement with a Tax Authority relating to Taxes, (vii) neither Owens Corning nor any of its Subsidiaries are subject to any
accounting method changes, under applicable Tax law, that could give rise to an adjustment to Taxes for periods after the Closing Date, (viii) all Taxes, the non-payment of which would result in a Lien on any OC Contributed Asset or an
indemnifiable claim of Saint-Gobain have been paid on a timely basis or are not yet due and payable, (ix) there is no material audit, action, suit or proceeding now pending against Owens Corning (or an OC Contributed Subsidiary) with respect to
any Tax and neither Owens Corning nor has any OC Contributed Subsidiary received a notice of any material deficiencies, pending audits, assessments or proceedings, (x) there is no outstanding extension or waiver of the limitation period
applicable to any Tax or Tax Return of Owens Corning (or an OC Contributed Subsidiary), (xi) neither Owens Corning nor any OC Contributed Subsidiaries are parties to any transactions required to be disclosed as a listed transaction under
Treasury Regulation Section 1.6011-4, (xii) neither Owens Corning nor any OC Contributed Subsidiary is a party to any tax sharing agreements or that would be in effect after the Closing Date, (xiii) neither Owens Corning nor any OC
Contributed Subsidiary is a party to any closing agreements, letter rulings or other agreements with Tax authorities impacting treatment of any item in a post-closing tax period, (xiv) neither Owens Corning nor any of its Subsidiaries will be
required to include any material item of income in, or exclude any item of deduction from, taxable income for any taxable period (or portion thereof) ending after the Closing Date as a result of any: (1) installment sale or open transaction
disposition made on or prior to the Closing Date or (2) prepaid amount received on or prior to the Closing Date, and (xv) neither Owens Corning nor any of its Subsidiaries has any liability for Taxes of any person or entity other than
Owens Corning or such Subsidiary as a result of being a member of an affiliated, consolidated, combined, unitary or similar tax group other than a group that included Owens Corning (including any Tax liabilities for the unpaid Taxes under Treasury
Regulation section 1.1502-6 (or any similar provision of State, local or foreign law)); provided, however, that the foregoing representations and warranties are made only to the extent of Taxes that are or may become Liens (other than
Permitted Liens) on the OC Contributed Assets or the assets of the Company or its Subsidiaries or a liability for Taxes of the Company, its Subsidiaries or SG Topco. 
 (r) Employee Benefit Matters. 
 (i) Schedule 4.01(r)(i) includes a list of all material OC Benefit Plans. 
 (ii) Owens
Corning has provided to Saint-Gobain true and complete copies of each material OC Benefit Plan other than national, regional or industry-wide 

  

 21 

 
collective agreements, including, without limitation and for the avoidance of doubt, to the extent permitted by Applicable Law, all contracts or agreements
for executives and managing directors whose annual gross remuneration package exceeds USD200,000, and all individual retention, termination, severance or other similar contracts or agreements, it being understood that Owens Corning used its best
efforts to disclose these documents in compliance with Applicable Law. 
 (iii) Except as set forth in Schedule
4.01(r)(iii): 
 (A) Each OC Benefit Plan has at all times been maintained and administered in all material respects in
accordance with its terms and with the requirements of all Applicable Laws; 
 (B) All required employer contributions or
premiums (including any amounts deferred from or that reduce employees’ wages) to each OC Benefit Plan have been made when due (or, in the case of contributions not yet due, as of the date hereof have been accrued on the financial statements
and records to the extent required by U.S. GAAP or the generally accepted accounting principles applicable in the country under which the financial statements and records are prepared); 
 (C) INTENTIONALLY OMITTED 
 (D) No direct, contingent or secondary liability has been incurred or is expected to be incurred by OC Contributed Subsidiaries or any of their Subsidiaries which could result in liability imposed by any Governmental
Authority as a result of the underfunded status of any defined benefit pension plan sponsored, maintained or contributed to by OC Contributed Subsidiaries or any of their OC Employment Affiliates, other than for premiums payable to any Governmental
Authority under Applicable Law or other routine insurance payments under any Applicable Law; 
 (E) There are no pending or,
to the knowledge of Owens Corning, threatened investigations, inquiries, audits (except standard audits relating to the Benefit Plans maintained in the United States) or claims by any Governmental Authority (including without limitation any such
tax, social security or labor authority), relating to any of the OC Benefit Plans; 
 (F) There are no pending or, to the
knowledge of Owens Corning, threatened termination proceedings, pending claims (except claims for benefits payable in the normal operation of the OC Benefit Plans), suits or proceedings against or involving any OC Benefit Plan or asserting any
rights to or claims for benefits under any OC Benefit Plan and, to the knowledge of Owens Corning, there are not any facts that could reasonably be expected to give rise to any such investigation, claim, suit or proceeding, with respect to any
Business Employee or for which OC Contributed Subsidiaries or their Subsidiaries could have liability; 
 (G) With respect to
each OC Multiemployer Plan (i) no withdrawal liability or other similar liability has been incurred by Owens Corning, OC Contributed Subsidiaries, or any OC Employment Affiliate, and Owens Corning has no reason to believe that any such
liability will be incurred, prior to the Closing Date, (ii) no notice has been 

  

 22 

 
received that increased contributions may be required to avoid a reduction in plan benefits or the imposition of an excise tax or similar tax, or that the
plan is or may become “insolvent” (within the meaning of section 4241 of ERISA), (iii) no proceedings have been instituted by the Pension Benefit Guaranty Corporation or any Governmental Authority against the plan, and (iv) if
Owens Corning, OC Contributed Subsidiaries or any OC Employment Affiliate were to have a complete or partial withdrawal as of the Closing, no obligation to pay withdrawal liability would exist on the part of Owens Corning, OC Contributed
Subsidiaries or any OC Employment Affiliate; 
 (H) Except as set forth in the Benefits Schedules as set forth in Schedule
8.01(b), no OC Benefit Plan provides post retirement, or health, life, death or other welfare benefit coverage (whether or not insured) beyond the termination of an employee’s employment, except as required by Applicable Law; 
 (I) The tax deductibility of any amount paid or payable as compensation or under any OC Benefit Plan as a result of the transactions
contemplated by this Agreement, whether alone or in combination with any other event (e.g., termination of employment), will not be limited by operation of Applicable Law; 
 (J) Except as set forth in the Benefits Schedules as set forth in Schedule 8.01(b), no promises or commitments have been made by
Owens Corning, OC Contributed Subsidiaries or any Subsidiary or Affiliate to amend any OC Benefit Plan, to provide increased benefits thereunder or to establish any new benefit plan, except as required by Applicable Law; 
 (K) Owens Corning, OC Contributed Subsidiaries and each OC Employment Affiliate may, in any manner, subject to the limitations imposed by
Applicable Law, any applicable employment contracts, or any applicable collective agreements, and without the consent of any employee, beneficiary or other person, prospectively terminate, modify or amend any OC Benefit Plan or any other plan,
program or practice (or its participation in such OC Benefit Plan or any other plan, program or practice) effective as of a date on or after the date hereof; and 
 (L) To the knowledge of Owens Corning, in connection with an OC Benefit Plan, no event has occurred and there has been no failure to act
on the part of either Owens Corning, OC Contributed Subsidiaries or any OC Employment Affiliate that could reasonably be expected to subject Owens Corning, OC Contributed Subsidiaries or any OC Employment Affiliate, any OC Benefit Plan or any
successor plan to the imposition of any tax-related surcharge, penalty, lien, or fine, whether by way of indemnity or otherwise. 
 (iv) No benefit under any OC Benefit Plan, including, without limitation, any severance or parachute payment plan or agreement, will be established , increased, or become accelerated, vested or payable by reason of any transaction
contemplated under this Agreement or the Joint Venture Agreement either alone or in conjunction with another event (e.g., termination of employment), and neither the execution and delivery of this Agreement or the Joint Venture Agreement, nor the
consummation of any transaction contemplated by this Agreement or the Joint Venture Agreement will (a) trigger any funding (through a grantor trust or otherwise) of any compensation, severance or other benefits under 

  

 23 

 
any OC Benefit Plan, or (b) result in any compensation becoming payable that will be subject to tax higher than any tax ordinarily payable with respect
to such compensation. 
 (v) No OC Benefit Plan operated and maintained in the U.S. that is a non-qualified deferred
compensation plan or arrangement subject to Section 409A of the Code has been materially modified (as defined under Section 409A of the Code) since October 3, 2004 and all such non-qualified deferred compensation plans or arrangements
have been operated and administered in good faith compliance with Section 409A of the Code from the period beginning January 1, 2005 through the date hereon. 
 (vi) Except as disclosed in Schedule 4.01(r)(vi), none of Owens Corning, OC Contributed Subsidiaries or any of their Subsidiaries
or Affiliates is party to any retention agreement or any agreement with any employee or former employee, director, agent or independent contractor of Owens Corning’s Business (i) the benefits of which (including, without limitation,
severance benefits) are contingent, or the terms of which are materially altered, upon the occurrence of a transaction involving Owens Corning, OC Contributed Subsidiaries or their Subsidiaries or Affiliates of the nature of any of the transactions
contemplated by this Agreement or the Joint Venture Agreement or (ii) providing severance benefits in excess of those generally available under such company’s severance policies as in effect on the date hereof or, in the absence of such
policies, under Applicable Law, after the termination of employment or service of such current or former employee, director, agent or independent contractor regardless of the reason for such termination of employment or service. Except as listed on
Schedule 4.01(r)(vi), none of Owens Corning, OC Contributed Subsidiaries or any of their Subsidiaries or Affiliates is a party to any employment or independent contracting agreement or compensation guarantee with any current or former
employee, director, agent or independent contractor of Owens Corning’s Business extending for a guaranteed period longer than one year from the date hereof; 
 (vii) Schedule 4.01(r)(vii) lists those jurisdictions with OC Benefit Plans which are Transferred DB Plans and the funded status of
such plans as of December 31, 2006, with such funded status determined in accordance with the assumptions set forth in the applicable Benefit Schedules. 
 (s) Labor and Employment Matters. 
 (i) Neither Owens Corning nor its Subsidiaries are in default with respect to any material obligation to any hourly or salaried Business Employee (including officers) of Owens Corning’s Business (each, an
“OC Employee”). 
 (ii) Except as set forth in Schedule 4.01(s)(ii) with respect to Owens Corning and
its Subsidiaries: 
 (A) since December 31, 2002, there have been no work stoppages for more than seven consecutive
hours, strikes, lockouts or union organizing campaigns (other than those applicable nationally or to an industry as a whole) with respect to Owens Corning’s Business, and to the knowledge of Owens Corning, none are threatened; 
  

 24 

 (B) there are no pending or unremedied grievances, arbitrations, labor and employment
lawsuits, or unfair labor practices, with respect to Owens Corning’s Business, which could reasonably be expected to impose a liability in excess of USD1,000,000 in respect of any individual claim or USD3,000,000 in the aggregate;

 (C) Owens Corning and its Subsidiaries are, with respect to Owens Corning’s Business, in compliance, in all material
respects, with all Applicable Laws of the applicable jurisdictions relating to labor, employment and employment practices, terms and conditions of employment, wages, hours of work, employee benefits, immigration, non-discrimination, collective
bargaining, and occupational safety and health, except for non-compliance that does not have, and could not reasonably be expected to have, a Material Adverse Effect on Owens Corning’s Business or, to the knowledge of Owens Corning, the
operation of Owens Corning’s Business and the condition of the OC Contributed Assets; and all amounts required by Applicable Laws, collective bargaining agreements, or OC Benefit Plans to be withheld from the wages, salaries or other payments
to OC Employees have been withheld, and Owens Corning and its Subsidiaries are not liable for any wages, arrears, taxes, or penalty for failure to comply with the foregoing with respect to OC Employees, except in such case that could impose
liability in excess of USD1,000,000 in respect of any individual failure or USD3,000,000 in the aggregate; and 
 (D) there
is no pending or, to the knowledge of Owens Corning, threatened, governmental investigation, proceeding, claim, suit or other legal action relating to compliance with labor and employment Laws by Owens Corning and its Subsidiaries with respect to
Owens Corning’s Business which could reasonably be expected to impose liability in excess of USD1,000,000 in respect of any individual claim or USD3,000,000 in the aggregate. 
 (t) Product Warranties. Except as set forth on Schedule 4.01(t) or as expressly set forth and identifiable as reserves
on the OC Financial Statements, neither Owens Corning nor any of its Subsidiaries has in connection with the Owens Corning Business any material liability in connection with the replacement of related products or other damages in connection
therewith. 
 (u) Insurance. Owens Corning, whether directly or through its Affiliates, maintains, and shall maintain
until the Closing Date, with reputable insurers policies of insurance in respect of Owens Corning’s Business, the OC Contributed Assets and all tangible property and assets owned, held or used by the OC Contributed Subsidiaries against all
customary risks and for such amounts in accordance with good industry practices and as required by Applicable Law. Such policies are in full force and effect and are valid, outstanding and enforceable, all premiums due thereon have been paid in
full, and Owens Corning or its applicable Subsidiary has complied in all material respects with the provisions of all such policies. Except as set forth on Schedule 4.01(u), no insurer under any such policy has cancelled or specifically
disclaimed liability under any such policies or indicated in writing any intent to do so or not renew any such policy. Since December 31, 2004, neither Owens Corning nor any of its Subsidiaries has taken or failed to take any action such that
the applicability of any such policies or the ability to make claims thereunder would be adversely impacted in any material respect. 
  

 25 

 (v) Foreign Corrupt Practices Act. Except as set forth in Schedule 4.01(v),
neither Owens Corning nor any of the OC Contributed Subsidiaries nor, to the knowledge of Owens Corning, any director, officer, agent, employee or other person associated with or acting on behalf of Owens Corning or any of the OC Contributed
Subsidiaries, has (i) (A) made, authorized, offered or promised to make any unlawful payment or transfer of anything of value, directly, indirectly or through a third party, to any officer, employee or representative of a foreign
government or any department, agency or instrumentality thereof (including any state-owned enterprise), political party, party official or candidate for public office, political campaign or public international organization (each a “Foreign
Government Representative”), in violation of the United States Foreign Corrupt Practices Act of 1977, as amended, or any Applicable Law of similar effect in any jurisdiction to which such person or entity is subject; (B) otherwise
taken any action which would cause Owens Corning and the OC Contributed Subsidiaries to be in violation of the United States Foreign Corrupt Practices Act of 1977, as amended, or any Applicable Law of similar effect in any jurisdiction to which such
person or entity is subject, and (ii) made any payments to third parties by check mailed to such third parties’ principal place of business or by wire transfer to a bank located in the same jurisdiction as such parties’ principal
place of business. For the purposes of this Section 4.01(v), the acts specified include, but are not limited to: (x) the making or payment of any illegal contributions, commissions, fees, gifts, entertainment, travel or other unlawful
expenses relating to political activity, (y) the direct or indirect payment, gift, offer, promise or authorization to make a payment, gift, offer or promise of, anything of material value to any Foreign Government Representative, and
(z) the making of any bribe, illegal payoff, influence payment, kickback or other unlawful payment, using funds of Owens Corning or the OC Contributed Subsidiaries or otherwise on behalf of any of Owens Corning or the OC Contributed
Subsidiaries. 
 (w) Undisclosed Contracts. Except as set forth on Schedule 4.01(w), no undisclosed portions of
the Undisclosed Contracts of Owens Corning (i) involve the performance of work by Owens Corning’s Business of a materially different nature than work currently performed by Owens Corning’s Business pursuant to Contracts to which
Saint-Gobain has been provided access prior to the date of this Agreement, (ii) have terms which would result in total contract costs determined in accordance with U.S. GAAP indicating a loss (except that costs shall be based on the average
costs of Owens Corning’s Business for the applicable accounting year), (iii) contain any material terms that are not consistent with industry practice or (iv) require Owens Corning’s Business to “take or pay” for a
minimum number or volume of goods, or to purchase a minimum number or volume of goods used in excess of the current requirements of Owens Corning’s Business under existing Contracts (in each case in an amount exceeding USD100,000). 

(x) Accounts Receivable. The accounts receivable of Owens Corning’s Business as set forth on the OC Financial Statements or
arising since the date thereof are, to the extent not paid in full by the account debtor prior to the date hereof, (a) valid and genuine, have arisen solely out of bona fide sales and deliveries of goods, performance of services and other
business transactions in the ordinary course of Owens Corning’s Business consistent with Past Practice and (b) to its knowledge not subject to valid defenses, set-offs or counterclaims. The allowance for collection losses on the OC
Financial Statements and, with respect to accounts receivable arising since September 30, 2006, the allowance for collection losses shown on the 

  

 26 

 
accounting records of Owens Corning’s Business, have been determined in accordance with U.S. GAAP. 
 (y) Relationships with Customers and Suppliers. Schedule 4.01(y) sets forth the largest 25 customers of Owens Corning’s
Business based on revenue generated for the nine-month period ended September 30, 2006 (each, an “OC Material Customer”) and the largest 25 suppliers of Owens Corning’s Business based on expense incurred for the nine-month
period ended September 30, 2006 (each, an “OC Material Supplier”). Except as set forth in Schedule 4.01(y), since September 30, 2006 no OC Material Customer or OC Material Supplier has either terminated its
relationship with Owens Corning’s Business or materially reduced the aggregate value of its annual transactions with Owens Corning’s Business, nor has any OC Material Customer or OC Material Supplier given formal written notice to Owens
Corning or any of its Subsidiaries of its intention to do so. 
 (z) Product Liability. Except as set forth in
Schedule 4.01(z), neither Owens Corning nor any of its Subsidiaries has received any written notice within the past two years relating to, nor does Owens Corning have any knowledge of any facts or circumstances that are reasonably expected to
give rise to, any actual or potential claim involving any service provided or any product designed, manufactured, serviced, produced, modified, distributed or sold by or on behalf of Owens Corning’s Business relating to an alleged defect in
design, manufacture, materials or workmanship, performance, or any alleged failure to warn, or any alleged breach of implied warranties or representations, other than notices or claims that have been settled or resolved prior to the date of this
Agreement, that are within normal warranty experience, or those that could not, individually or in the aggregate, have and could not reasonably be expected to have a Material Adverse Effect. 
 (aa) Furnaces. Schedule 4.01(aa) contains a list of furnaces owned by Owens Corning or any of its Subsidiaries Primarily
used in Owens Corning’s Business indicating for each such furnace the date it was last rebuilt and a good faith estimate of the cost thereof. 
 (bb) 524(g) Injunction. Owens Corning has previously provided Saint-Gobain a true and correct copy of the OC Bankruptcy Plan of Reorganization approved by the Bankruptcy Court, which includes an injunction
pursuant to Section 524(g) of the Bankruptcy Code (the “524(g) Injunction”), and such 524(g) Injunction has become effective and is non-appealable. 
 Section 4.02 Representations and Warranties of Saint-Gobain. Saint-Gobain hereby represents and warrants to Owens Corning, OC Topco and the Company, that: 
 (a) Corporate Existence and Power. Saint-Gobain, each of its Combined Transferors and each SG Contributed Subsidiary is an entity
duly formed, validly existing and, where applicable, in good standing under the laws of the jurisdiction of its formation or incorporation (as applicable) and has all corporate or similar power and authority required to carry on Saint-Gobain’s
Business as now conducted. Saint-Gobain and each of its Combined Transferors and each SG Contributed Subsidiary is duly qualified to do business as a foreign corporation or other entity and, where applicable, is in good standing in each jurisdiction
where the character of the property owned or leased by it or the nature of its activities make such 

  

 27 

 
qualification necessary to carry on Saint-Gobain’s Business as now conducted, except where the failure to be so qualified or in good standing has not
had, and could not reasonably be expected to have, a Material Adverse Effect on Saint-Gobain’s Business. 
 (b)
Corporate Authorization. The execution, delivery and performance by Saint-Gobain and its Affiliates of the Transaction Documents to which any of them are a party or by which any of them is bound and the consummation by Saint-Gobain and such
Affiliates of the Contemplated Transactions are within their respective corporate or similar powers and have been (or in respect to Saint-Gobain’s Affiliates other than SG Topco, as of Closing shall have been) duly authorized by all necessary
corporate or similar action on their respective parts. This Agreement constitutes and each of the other Transaction Documents to which Saint-Gobain or any of its Affiliates is a party or by which any of them is bound constitutes or shall constitute
at Closing a legal, valid and binding agreement of Saint-Gobain or such Affiliates, enforceable against it in accordance with its terms (i) except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium
or other similar laws now or hereafter in effect relating to or affecting creditors’ rights generally, including the effect of statutory and other laws regarding fraudulent conveyances and preferential transfers, and (ii) subject to the
limitations imposed by general equitable principles regardless of whether such enforceability is considered in a proceeding at law or in equity. 
 (c) SG Contributed Subsidiaries and SG Existing JVs. Set forth in Schedule 4.02(c) is a true and complete list of each SG Contributed Subsidiary and each SG Existing JV (it being understood that
Schedule 4.02 (c) shall be updated promptly following the SG Reorganization in order to add the SG Reorganized Subsidiaries and such updated Schedule shall be deemed to be Schedule 4.02(c) as of the Closing Date), together
with their (i) jurisdiction of formation or incorporation, (ii) number and type of authorized ownership interests, (iii) number and type of issued and outstanding ownership interests, the name of each holder thereof and the number and
type of ownership interests held by each such holder and (iv) as of the date hereof, directors, managing directors, chief executive officers, general managers and all other Persons holding general management powers. All of the issued and
outstanding ownership interests of each SG Contributed Subsidiary and SG Existing JV have been duly authorized, are validly issued, fully paid and non-assessable and were not issued in violation of any Applicable Laws or any preemptive rights of any
holder of ownership interests of such SG Contributed Subsidiary and SG Existing JV. Except for the ownership interests set forth in Schedule 4.02(c), neither Owens Corning nor any of its Subsidiaries owns, directly or indirectly, any
ownership interests in any other Person that is engaged in Saint-Gobain’s Business. Except as set forth in Schedule 4.02(c), all of the outstanding ownership interests of each SG Contributed Subsidiary are held of record and owned
beneficially by Saint-Gobain or one of its Subsidiary Transferors free and clear of any restrictions on transfer (other than restrictions under the Securities Act and state and foreign securities laws), purchase rights and Liens (other than
Permitted Liens). Except as set forth in Schedule 4.02(c), all of the outstanding ownership interests of SG Existing JVs reflected as being held by Saint-Gobain or any of its Affiliates on such Schedule are held of record and owned
beneficially by Saint-Gobain or such Subsidiaries free and clear of any restrictions on transfer (other than restrictions under the Securities Act and state and foreign securities laws), purchase rights and Liens (other than Permitted Liens). A true
and correct copy of the charter, bylaws or similar organizational 

  

 28 

 
documents of each SG Contributed Subsidiary and each SG Existing JV has been made available to Owens Corning. 
 (d) Governmental Authorization. The execution and delivery by Saint-Gobain and each of its Affiliates of the Transaction Documents
(and the performance of the transactions contemplated thereby) to which Saint-Gobain or such Affiliates is a party or by which any of them is bound require no action by or in respect of, or consent or approval of, or filing with, any Governmental
Authority other than: 
 (i) compliance with any applicable requirements of Antitrust or Competition Laws; 
 (ii) the actions, consents, approvals, permits or filings set forth in Schedule 4.02(d) or otherwise expressly referred to in this
Agreement; and 
 (iii) such other consents, approvals, authorizations, permits and filings the failure to obtain or make of
which would not have, individually or in the aggregate, a Material Adverse Effect on Saint-Gobain’s Business. 
 (e)
Non-Contravention. Except as set forth in Schedule 4.02(e), the execution and delivery by Saint-Gobain and each of its Affiliates of the Transaction Documents (and the performance of the transactions contemplated thereby) to which
Saint-Gobain or such Affiliates is a party or by which any of them is bound do not and shall not (i)(A) contravene or conflict with the charter, bylaws or other organizational documents of Saint-Gobain, such Affiliate, any of its Saint-Gobain’s
Combined Transferors or any SG Contributed Subsidiary, (B) assuming compliance with the matters referred to in Section 4.02 (d), contravene or conflict with, or constitute a violation of, any provisions of any Applicable Law binding upon
Saint-Gobain, such Affiliates, any of Saint-Gobain’s Combined Transferors or any SG Contributed Subsidiary that is applicable to Saint-Gobain’s Business, or (C) assuming compliance with the matters referred to in Section 4.02
(d), constitute a default under, or give rise to any right of termination, cancellation or acceleration of, or to a loss of any benefit relating to Saint-Gobain’s Business to which Saint-Gobain or any of its Affiliates is entitled under, any
Contract binding upon Saint-Gobain or any of its Affiliates and relating to Saint-Gobain’s Business or by which any of the SG Contributed Assets is or may be bound (including any Contract included in the SG Contributed Assets) or any license,
franchise, permit or similar authorization held by Saint-Gobain or any of its Affiliates relating to Saint-Gobain’s Business except, in the case of clauses (B) and (C), for any such contravention, conflict, violation, default, termination,
cancellation, acceleration or loss that could not reasonably be expected to have a Material Adverse Effect on Saint-Gobain’s Business or (ii) result in the creation or imposition of any Lien on any SG Contributed Asset, other than
Permitted Liens. 
 (f) Financial Statements. Attached hereto as Exhibit F is (i) the unaudited
consolidating balance sheet of Saint-Gobain’s Business at September 30, 2006 (the “SG Reference Date Balance Sheet”) and (ii) the unaudited consolidating income statement of Saint-Gobain’s Business for nine-month
period ended September 30, 2006 (the SG Reference Date Balance Sheet and the income statement referred to in clause (ii) being herein collectively referred to as the “SG Financial Statements”). Except as set forth on
Schedule 4.02 (f), (A) the 

  

 29 

 
SG Financial Statements have been prepared in all material respects in accordance with IFRS and (B) the SG Financial Statements present fairly, in all
material respects, the assets, liabilities, financial condition and the results of operations of Saint-Gobain’s Business at, and for the nine-month period ended September 30, 2006. The SG Financial Statements have been derived from the
chart of accounts included in Exhibit F. 
 (g) Absence of Certain Changes. Except as set forth in
Schedule 4.02(g), from September 30, 2006 to the date of this Agreement, Saint-Gobain and its Combined Transferors, the SG Contributed Subsidiaries and the SG Existing JVs that are Subsidiaries of Saint-Gobain have conducted
Saint-Gobain’s Business in all material respects in accordance with the historical and customary operating practices relating to the conduct of such Business and there has not been: 
 (i) any event or occurrence that has had a Material Adverse Effect on Saint-Gobain’s Business; 
 (ii) any damage, destruction or other casualty loss affecting any assets owned, held or used by Saint-Gobain or any of its Affiliates in
the conduct of Saint-Gobain’s Business, in each case in an amount exceeding USD3,000,000; 
 (iii) to the extent not
covered by any other clause of this Section 4.02(g), (A) any transaction or commitment made, or any Contract entered into, by Saint-Gobain or any of its Affiliates relating to Saint-Gobain’s Business or (B) any termination or
amendment by Saint-Gobain of any Contract or other right relating to Saint-Gobain’s Business, in each case that is material, other than transactions and commitments in the ordinary course of business and those contemplated by this Agreement;

 (iv) any transaction or commitment made, or any Contract entered into, by Saint-Gobain or any of its Affiliates requiring
Saint-Gobain’s Business to “take or pay” for a minimum number or volume of goods, or to purchase a minimum number or volume of goods in excess of requirements under applicable customer Contracts or otherwise guaranteeing any of the
foregoing, in each case in an amount exceeding USD100,000; 
 (v) any sale or other disposition of more than an aggregate of
USD3,000,000 of assets (other than sales of inventory, sales otherwise made in the ordinary course of business or sales or dispositions to Saint-Gobain’s Affiliates as part of the SG Reorganization) owned, held or used by Saint-Gobain or any of
its Affiliates in the conduct of Saint-Gobain’s Business; 
 (vi) any increase in the compensation of any current
employee of Saint-Gobain’s Business whose annual salary equaled or exceeded USD200,000 immediately prior to such increase, other than (A) compensation increases or bonus awards in the ordinary course of business, (B) as required by
Applicable Law or collective bargaining agreement or (C) nondiscretionary increases pursuant to an SG Benefit Plan disclosed in Schedule 4.02(r); 
 (vii) any cancellation, compromise, waiver or release by Saint-Gobain or any of its Affiliates of any claim or right (or a series of related claims or rights) relating to Saint-Gobain’s Business, in each case
other than cancellations, compromises, waivers or 

  

 30 

 
releases (i) in the ordinary course of business consistent with Past Practice or (ii) in respect of a claim or right of an amount lower than
USD250,000; 
 (viii) any Lien (other than a Permitted Lien) imposed on any of the assets, properties or rights that are owned
by Saint-Gobain or any of its Affiliates in the conduct of Saint-Gobain’s Business and which will be owned, directly or indirectly, by the Company following the Closing; 
 (ix) any change in the accounting practices of Saint-Gobain’s Business; 
 (x) any loan, advance or capital contribution to, or investment in, any Person (other than a SG Contributed Subsidiary or in relation to
the SG Reorganization by any SG Contributed Subsidiary other than in the ordinary course of business consistent with Past Practice (such ordinary course of business items to include, among others, advances for normal business travel expenses);

 (xi) any capital expenditures or commitments in a single transaction in an amount exceeding USD5,000,000; 
 (xii) in each case solely to the extent relating to Saint-Gobain’s Business, an SG Contributed Subsidiary or an SG Contributed Asset,
any material change in the Tax elections, any settlement or compromise of any material Tax liability, any change in any material tax accounting method or any material assessments, notices of deficiencies, audits, actions, suits or proceedings filed
against Saint-Gobain (or an SG Contributed Subsidiary) with respect to any Tax; 
 (xiii) any hedging or other derivative
Contract where such contract will be binding on the Company or any of its Subsidiaries or the Company or any of its Subsidiaries will otherwise have liability therefor after the Closing; or 
 (xiv) any agreement, whether in writing or otherwise, to do any of the foregoing. 
 (h) Sufficiency of and Title to the Contributed Assets and Contributed Subsidiaries. 
 (i) Except as set forth in Schedule 4.02(h)(i), the SG Contributed Assets, together with the assets of the SG Contributed
Subsidiaries and the SG Existing JVs and any rights or services to be provided by Saint-Gobain or any of its Affiliates to the Company or any of its Subsidiaries pursuant to the Transaction Documents (except for Intellectual Property, which is the
subject of Section 4.02 (p)), shall constitute on the Closing Date, all of the assets and services that are necessary to permit the operation of Saint-Gobain’s Business in substantially the same manner as such operations have heretofore
been conducted; provided, however, that this Section 4.02(h)(i) shall not be deemed to be breached as a result of any action for which Owens Corning has provided its consent pursuant to Section 5.01. 
  

 31 

 (ii) Except as set forth in Schedule 4.02(h)(ii), Saint-Gobain and its Asset
Transferors have good and marketable title in and to, a valid leasehold interest in or a valid license to use, each of the SG Contributed Assets having a fair market value in excess of USD250,000, free and clear of all Liens, except for Permitted
Liens. Except as set forth on Schedule 4.02(h)(ii), each SG Contributed Subsidiary has good and marketable title in and to, a valid leasehold interest in or a valid license to use, all tangible assets having a fair market value in excess of
USD250,000 used by such SG Contributed Subsidiary in the conduct of Saint-Gobain’s Business free and clear of all Liens, except for Permitted Liens. Except as set forth in Schedule 4.02(h)(ii), all tangible property and assets
having a fair market value in excess of USD250,000 included in each of the SG Contributed Assets and all tangible property and assets owned, held or used by the SG Contributed Subsidiaries have been maintained in all material respects consistent
with the normal historical practices of Saint-Gobain’s Business during the five year period preceding the date of this Agreement. 
 (iii) Schedule 4.02(h)(iii) includes a true and complete list of all real property owned by Saint-Gobain and its Affiliates that is used in Saint-Gobain’s Business (collectively, the “SG Owned Real
Property”). Schedule 4.02(h)(iii) sets forth the address of each parcel of SG Owned Real Property and the owner of such SG Owned Real Property (it being understood that Schedule 4.02(h)(iii) shall be updated promptly following
the SG Reorganization in order to give effect to the change in ownership of certain of the SG Owned Real Property pursuant to the SG Reorganization and such updated Schedule shall be deemed to be Schedule 4.02(h)(iii) as of the Closing Date).

 (iv) Schedule 4.02(h)(iv) includes a true and complete list of all agreements (together with any amendments
thereof), other than warehouse service agreements, pursuant to which Saint-Gobain and its Affiliates lease, sublease or otherwise occupy (whether as landlord, tenant, subtenant or other occupancy arrangement) any real property that is used in
Saint-Gobain’s Business (collectively, the “SG Leased Real Property”). Schedule 4.02(h)(iv) sets forth the address of each parcel of SG Leased Real Property and the owner of the leasehold, subleasehold or occupancy
interest for each parcel of SG Leased Real Property (it being understood that Schedule 4.02(h)(iv) shall be updated promptly following the SG Reorganization in order to give effect to the change in ownership of the leasehold, subleasehold or
occupancy interest in certain of the SG Leased Real Property pursuant to the SG Reorganization and such updated Schedule shall be deemed to be Schedule 4.02(h)(iv) as of the Closing Date). 
 (i) No Undisclosed Liabilities. Except as set forth in Schedule 4.02(i), there are no liabilities relating to
Saint-Gobain’s Business of any kind whatsoever, whether accrued, contingent, absolute, determined, determinable or otherwise, other than: 
 (i) liabilities disclosed (or provided for) in the SG Financial Statements and liabilities for matters to be taken into account in the determination of the Saint-Gobain Adjusted Net Working Capital Amount; 

(ii) liabilities (A) related to any Contract disclosed in Saint-Gobain’s Disclosure Schedules or (B) related to any SG
Benefit Plan disclosed in Schedule 4.02(r); 
  

 32 

 (iii) liabilities incurred in the ordinary course of business since September 30,
2006; 
 (iv) contingent liabilities not required to be accrued for or reserved against in accordance with IFRS or the
accounting principles, policies, practices, methods and procedures utilized in the preparation of the SG Financial Statements, as disclosed in the notes to the SG Financial Statements; 
 (v) with respect to the bring down of this representation and warranty as of the Closing Date, liabilities not required to be accrued for
or reserved against in accordance with IFRS or the accounting principles, policies, practices, methods and procedures utilized in the preparation of the SG Financial Statements, as disclosed in the notes to the SG Financial Statements; 

(vi) liabilities disclosed in Schedule 4.02(i)(vi), which relate to an update of the reserves shown in the SG Financial
Statements up to the date of this Agreement; and 
 (vii) liabilities in addition to those referenced in the foregoing clauses
(i) through (vi), that, individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect on Saint-Gobain’s Business. 
 (j) Litigation. Except as set forth in Schedule 4.02(j) or reserved against or referred to in the SG Financial Statements
and except for matters arising under or related to Environmental Laws (which is the subject of Section 4.02(n)), there is no action, suit, investigation or proceeding pending, or to the knowledge of Saint-Gobain, threatened against or
affecting, Saint-Gobain’s Business before any Governmental Authority or arbitral panel that have claimed, or could reasonably be expected to result in, Damages in excess of USD3,000,000. 
 (k) Material Contracts. 
 (i) Except as set forth in Schedule 4.02(k)(i), Saint-Gobain and its Affiliates, with respect to Saint-Gobain’s Business, are not parties to or otherwise bound by or subject to: 
 (A) any written employment, severance, consulting or sales representative Contract that contains an obligation (excluding commissions) to
pay more than USD200,000 per year, any collective bargaining agreement (other than those applicable nationally or to an industry as a whole), or any other agreement that contains an obligation either to employ a specified number of employees or to
make a payment to any other Person in lieu thereof; 
 (B) any Contract containing a specific covenant applicable to
Saint-Gobain or any of its Affiliates not to compete in any geographic area in any material respect if such Contract will be binding on the Company after the Closing; 
 (C) any Contract requiring Saint-Gobain’s Business to “take or pay” for a minimum number or volume 

  

 33 

 
of goods, or to purchase a minimum number or volume of goods in excess of requirements under applicable customer Contracts or otherwise guaranteeing any of
the foregoing, in each case in an amount in excess of USD100,000; 
 (D) any Contract in effect on the date of this Agreement
relating to the disposition or acquisition of the assets of, or any interest in, any business enterprise that relates to Saint-Gobain’s Business (other than with respect to inventory or otherwise in the ordinary course of business or to a
Saint-Gobain Affiliate as part of the SG Reorganization), in each case with a value in excess of USD3,000,000; 
 (E) any
Financial Support Arrangements in respect of obligations or liabilities (other than from one SG Contributed Subsidiary to another SG Contributed Subsidiary) where such arrangements will be binding on the Company or any of its Subsidiaries or the
Company or any of its Subsidiaries will otherwise have liability therefor after the Closing; 
 (F) any note, debenture,
bond, letter of credit, loan or other Contract relating to any indebtedness for borrowed money with a principal amount in excess of USD3,000,000 where such Contract will be binding on the Company or any of its Subsidiaries or the Company or any of
its Subsidiaries will otherwise have liability therefor after the Closing; 
 (G) any Contract (it being understood that for
purposes of this representation, a purchase order issued under an existing master agreement will not constitute a separate Contract) with a supplier, vendor, or subcontractor with an aggregate contract value in excess of USD3,000,000; 
 (H) any partnership, joint venture or similar agreement; or 
 (I) any Contract with a Governmental Authority (other than where Saint-Gobain or its Affiliates is solely acting in a subcontractor or
similar capacity); 
 (J) any Contract containing a “most favored nations” clause for the benefit of the non
Saint-Gobain affiliated party or granting to any Person (other than a SG Contributed Subsidiary) a right of first refusal or right of first offer with respect to any asset; 
 (K) any Contract with an Affiliate and, regardless of whether or not such Contract is related to Saint-Gobain’s Business, any
Contract between any SG Contributed Subsidiary and any of its Affiliates (other than those Contracts between one SG Contributed Subsidiary and another SG Contributed Subsidiary; 
 (L) any Contract for any capital expenditure or leasehold improvement in any one case in excess of USD5,000,000; 
 (M) any hedging or other derivative Contract where such Contract will be binding on the Company or any of its Subsidiaries or the Company
or any of its Subsidiaries will otherwise have liability therefor after the Closing; or 
 (N) any Contract with a customer
with an aggregate contract value in excess of USD3,000,000. 
  

 34 

 (ii) Except with respect to those Contracts set forth on Schedule 6.10,
Saint-Gobain has made a true and correct copy of each Contract disclosed in Schedule 4.02(k)(i) and 4.02(h)(iv) available to Owens Corning. Except as disclosed in Schedule 4.02(k)(ii), each Contract disclosed in Schedule
4.02(k)(i) and 4.02(h)(iv) is in full force and effect and constitutes a legal, valid and binding obligation of Saint-Gobain (or its applicable Affiliate) enforceable against Saint-Gobain (or its applicable Affiliate) in accordance with
its terms (except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other similar laws now or hereafter in effect relating to or affecting creditors’ rights generally, including the effect of
statutory and other laws regarding fraudulent conveyances and preferential transfers, and subject to the limitations imposed by general equitable principles regardless of whether such enforceability is considered in a proceeding at law or in
equity), and Saint-Gobain (or its applicable Affiliate) is not in material default and has not failed to perform any material obligation thereunder, and as a result thereof, neither Saint-Gobain nor any of its Affiliates has received an early
termination notice from any party thereto and, to the knowledge of Saint-Gobain, there does not exist any event, condition or omission that would constitute a material breach or default of a material contract (whether by lapse of time or notice or
both) by any other Person. 
 (l) Licenses and Permits. To the knowledge of Saint-Gobain, except as set forth in
Schedule 4.02(l), Saint-Gobain, its Asset Transferors and the SG Contributed Subsidiaries have all licenses, franchises, permits and other similar authorizations affecting, or relating in any way to, Saint-Gobain’s Business required by
Applicable Law (other than Environmental Laws, which is the subject of Section 4.02(n)) to be obtained by Saint-Gobain, its Asset Transferors and the SG Contributed Subsidiaries to permit Saint-Gobain its Asset Transferors and the SG
Contributed Subsidiaries to conduct Saint-Gobain’s Business in substantially the same manner as Saint-Gobain’s Business has heretofore been conducted, except where the failure to have such licenses, franchises, permits and similar
authorizations has not had, and could not reasonably be expected to have, a Material Adverse Effect on Saint-Gobain’s Business. 
 (m) Finders’ Fees. There is no investment banker, broker, finder or other intermediary that has been retained by or is authorized to act on behalf of Saint-Gobain or any of its Affiliates who might be entitled to any fee or
commission from the Company, Owens Corning or any of their respective Affiliates upon consummation of the Contemplated Transactions. 
 (n) Environmental Matters. 
 (i) Except as disclosed in Schedule 4.02(n)(i): (A) The operation of
Saint-Gobain’s Business and the SG Owned Real Property and SG Leased Real Property, is and has been in compliance with all applicable Environmental Laws, except where the failure to be in compliance with such Environmental Laws could not
reasonably be expected to have a Material Adverse Effect on Saint-Gobain’s Business; (B) Saint-Gobain, its Asset Transferors and the SG Contributed Subsidiaries have obtained, have been and are, in compliance with all Environmental Permits
required in connection with the ownership and operation of Saint-Gobain’s Business, except where the failure to have obtained or comply with such Environmental Permits could not reasonably be expected to have a Material Adverse Effect on
Saint-Gobain’s Business; (C) none of Saint-Gobain, its Asset Transferors or the SG Contributed 

  

 35 

 
Subsidiaries have received written notice of any Environmental Claim or threatened Environmental Claim relating to Saint-Gobain’s Business, other than
any such Environmental Claim or threatened Environmental Claim that has been fully resolved or that could not reasonably be expected to have a Material Adverse Effect on Saint-Gobain’s Business; (D) none of Saint-Gobain, its Asset
Transferors or the SG Contributed Subsidiaries in connection with Saint-Gobain’s Business, has entered into, agreed in writing to, or is subject to, any judgment, decree, order or other similar requirement of or written agreement with any
Governmental Authority under any Environmental Laws, other than any such judgment, decree, order or other requirement or agreement that could not reasonably be expected to have a Material Adverse Effect on Saint-Gobain’s Business; (E) no
Releases of Hazardous Materials have occurred at, in, to, on, under or are emanating from any SG Owned Real Property or SG Leased Real Property or any real property formerly owned, operated, leased or occupied by Saint-Gobain or its Affiliates in
connection with Saint-Gobain’s Business (or any of their respective predecessors) that are, in each case, (1) in violation of applicable Environmental Laws; (2) in amounts, levels or concentrations that are required to be investigated
or remediated under applicable Environmental Laws or by a Governmental Authority; or (3) are in excess of applicable remediation standards under applicable Environmental Laws, other than any such Release of Hazardous Materials that could not
reasonably be expected to have a Material Adverse Effect on Saint-Gobain’s Business; (F) no Person has been exposed to any Hazardous Materials on or prior to the Closing Date, at, in, to, on under or emanating from any SG Owned Real
Property or SG Leased Real Property or any real property formerly owned, operated, leased or occupied by Saint-Gobain or its Subsidiaries in connection with Saint-Gobain’s Business (or any of their respective predecessors) that could result in
an Environmental Claim other than any such Environmental Claims that could not reasonably be expected to have a Material Adverse Effect on Saint-Gobain’s Business; (G) neither Saint-Gobain nor its Affiliates in connection with
Saint-Gobain’s Business has any liability under applicable Environmental Laws and there are no Environmental Claims with respect to the off-site transportation, treatment, storage or disposal of Hazardous Materials or the arrangement for the
same by or on behalf of Saint-Gobain or its Affiliates in connection with Saint-Gobain’s Business other than any such liability or Environmental Claims that could not reasonably be expected to have a Material Adverse Effect on
Saint-Gobain’s Business; (H) to the knowledge of Saint-Gobain, no SG Owned Real Property or SG Leased Real Property is identified on any lists or databases maintained by any Governmental Authorities of contaminated sites or sites requiring
investigation or remediation under Environmental Laws; (I) all asbestos containing material at the SG Owned Real Property and SG Leased Real Property is in compliance with applicable Environmental Laws, other than any non-compliance that
could not reasonably be expected to have a Material Adverse Effect on Saint-Gobain’s Business; (J) none of Saint-Gobain, its Asset Transferors or the SG Contributed Subsidiaries in connection with Saint-Gobain’s Business has, either
expressly or by operation of law, assumed responsibility for or agreed to indemnify or hold harmless any Person for any liability or obligation, arising under or relating to Environmental Laws, other than that which could not reasonably be expected
to have a Material Adverse Effect on Saint-Gobain’s Business; (K) there are no written environmental assessments, investigations, audits, tests, or analyses which are in the possession of Saint-Gobain, its Asset Transferors or the SG
Contributed Subsidiaries in connection with Saint-Gobain’s Business that have not been made available to Owens Corning or its advisors prior to execution of this Agreement, other than any such documents that identify issues that could not

  

 36 

 
reasonably be expected to have a Material Adverse Effect on Saint-Gobain’s Business; (L) none of Saint-Gobain, its Asset Transferors or the SG
Contributed Subsidiaries (or any of their respective predecessors) in connection with Saint-Gobain’s Business currently or in the past, have ever manufactured, processed, distributed, marketed or sold any asbestos or asbestos-containing
materials or products that could be reasonably expected to have a Material Adverse Effect; and (M) there are no financial assurance requirements arising under Environmental Laws with respect to Saint-Gobain’s Business; (N) neither the
execution of this Agreement nor consummation of the transaction contemplated by this Agreement will require any notification to or consent of any Governmental Authorities or the undertaking of any investigations or remedial actions pursuant to
Environmental Laws that could reasonably be expected to have a Material Adverse Effect on Saint-Gobain’s Business; (O) none of the SG Contributed Assets or assets of the SG Contributed Subsidiaries or SG Existing JVs located in the United
States have ever engaged in the manufacturing, processing, distribution, marketing or sale of any asbestos or any asbestos-containing materials or products, and none of such assets have ever been directly owned by any entity that was engaged in the
manufacturing, processing, distribution, marketing or sale of asbestos or any asbestos-containing materials or products, (P) neither Saint-Gobain BTI, Inc. nor Saint-Gobain Technical Fabrics America, Inc., nor any of their corporate
predecessors, is or ever has been named as a defendant in any asbestos-related personal injury or wrongful death litigation and (Q) no asbestos or other creditor of Certainteed Corporation, Saint-Gobain Technical Fabrics America, Inc. or
Saint-Gobain BTI, Inc. has filed, or threatened to file, any lawsuit challenging (on fraudulent conveyance or other grounds) the transaction in 2004 pursuant to which Certainteed Corporation sold the common stock of Saint-Gobain Technical Fabrics
America, Inc. to Saint Gobain Delaware Corporation. 
 (ii) Notwithstanding any other provision of this Section 4.02,
this Section 4.02(n) sets forth the sole and exclusive representations and warranties governing matters arising under or relating to Environmental Laws in Section 4.02 of this Agreement, and no other representations or warranties in
Section 4.02 of this Agreement shall be deemed to address or cover any matter arising under or relating to any Environmental Laws. 
 (o) Compliance with Laws. Except as set forth in Schedule 4.02(o), for matters arising under or related to Environmental Laws (which is the subject of Section 4.02(n)), and for violations or
infringements that have not had, and could not reasonably be expected to have, a Material Adverse Effect on Saint-Gobain’s Business, to the knowledge of Saint-Gobain, the operation of Saint-Gobain’s Business and condition of the assets
owned, held or used in the conduct of Saint-Gobain’s Business have not violated or infringed, and do not violate or infringe, in any respect any Applicable Law or any order, writ, injunction or decree of any Governmental Authority. 

(p) Intellectual Property. 
 (i) Except as set forth in Schedule 4.02(p)(i), the SG Contributed Intellectual Property, together with the SG Third Party Intellectual Property and the SG Licensed Intellectual Property, constitute all of the
material Intellectual Property: 
 (a) of Saint-Gobain and its Affiliates which is used or was used by the SG Contributed
Subsidiaries, or 
  

 37 

 (b) of Saint-Gobain and its Affiliates which is necessary, or 
 (c) which is held by the SG Contributed Subsidiaries or the SG TS Subsidiaries for use, or 
 (d) of the SG Contributed Subsidiaries and the SG TS Subsidiaries which could have been used by the SG Contributed Subsidiaries, 
 to develop, manufacture, use, market, distribute and sell Company Products in Saint-Gobain’s Business as conducted on or before the Closing Date. 
 (ii) Except as set forth in Schedule 4.02(p)(ii), to the knowledge of Saint-Gobain, the conduct of Saint-Gobain’s Business
during the five (5) years preceding the Closing Date does not infringe or constitute misappropriation, dilution, or unlawful use of Intellectual Property of any third party, and Saint-Gobain has not received any written notice or other written
communication asserting any of the foregoing that remains unresolved. 
 (iii) Except as set forth in Schedule
4.02(p)(iii), 
 (A) one or more of the SG Contributed Subsidiaries and/or the IP Holdcos collectively will on the
Closing Date (x) own and possess all right, title and interest in and to all of the SG Contributed Intellectual Property, including all rights to sue at law or in equity for any infringement or other impairment thereof, including the right to
receive all proceeds and damages therefrom, and (y) will have valid licenses to (1) the SG Licensed Intellectual Property pursuant to the SG Intellectual Property License Agreements and (2) the SG Third Party Intellectual Property;

 (B) no judicial or regulatory action, including, but not limited to, interference, opposition, reissue, reexamination or
other proceedings, is pending or, to the knowledge of Saint-Gobain, threatened, contesting the scope, validity, enforceability, claim construction, use, right, title, interest, or ownership of any of the SG Contributed Intellectual Property or the
SG Licensed Intellectual Property; 
 (C) no judicial action is pending or, to the knowledge of Saint-Gobain, threatened
against or affecting Saint-Gobain’s Business involving any alleged infringement, misappropriation, dilution or unlawful use of any third party Intellectual Property arising by the use of the SG Contributed Intellectual Property or the SG
Licensed Intellectual Property in Saint-Gobain’s Business on or before the Closing Date to manufacture, use, or sell Company Products; and 
 (D) to the knowledge of Saint-Gobain, no third party is infringing or misappropriating, diluting or unlawfully using any SG Contributed Intellectual Property or SG Licensed Intellectual Property. 
 (iv) Except as set forth in Schedule 4.02(p)(iv), all SG Licensed Intellectual Property Rights may be licensed by Saint-Gobain or
one or more of its Affiliates to one or more of the SG Contributed Subsidiaries, and/or the IP Holdcos for sublicensing to the Company pursuant to the SG Intellectual Property License Agreements. 
  

 38 

 (v) Except as set forth in Schedule 4.02 (p)(v), to the knowledge of Saint-Gobain,
Saint-Gobain and/or one or more of its Affiliates have complied in due time with the necessary filings and payments of annuities and maintenance fees required to maintain the SG Contributed Intellectual Property or SG Licensed Intellectual Property
in full force and effect. 
 (vi) Except as set forth in Schedule 4.02 (p)(vi), Saint-Gobain has not granted, licensed
or conveyed to any third party, pursuant to any written contract, agreement, license or other arrangement, any license or other right, title or interest in, to or under any SG Contributed Intellectual Property or SG Licensed Intellectual Property in
connection with the manufacture, use, and sale of Company Products. 
 (q) Taxes. Except as set forth in Schedule
4.02(q) or as could not reasonably be expected to have a Material Adverse Effect on Saint-Gobain’s Business, (i) all Tax Returns required to be filed on or before the Closing Date by Saint-Gobain and its Affiliates with any Tax
Authority in respect of the SG Contributed Assets or the operations of Saint-Gobain’s Business have been filed or shall be filed in accordance with all Applicable Laws and are in all material respects complete and accurate, (ii) all Taxes
due and owing by Saint-Gobain or any of its Affiliates that relate to the SG Contributed Assets or the operations of Saint-Gobain’s Business, whether or not reflected on a Tax Return, have been paid, and the SG Financial Statements adequately
reflects all Taxes due (as opposed to any reserve for deferred Taxes established to reflect temporary differences between book and Tax income) attributable to the SG Contributed Assets as of that date, (iii) Saint-Gobain and its Affiliates have
timely withheld, paid and/or made adequate provision for all material Taxes required to have been withheld and paid in connection with amounts paid or owing to any employee, former employee, creditor, independent contractor, shareholder, affiliate,
customer, supplier or other third party, (iv) no material Tax Return of Saint-Gobain or its Affiliates is under audit, examination, action, suit or proceeding by any Tax Authority, and no written or unwritten notice of such an audit,
examination, action, suit or proceeding has been received by Saint-Gobain or any subsidiary, (v) no issues relating to Taxes were asserted in writing by any Tax Authority in any completed or current audit or examination of Saint-Gobain or its
Affiliates that would reasonably be expected to recur in a later taxable period, (vi) neither Saint-Gobain nor any of its Subsidiaries has received or is subject to any written ruling of a Tax Authority related to Taxes or has entered into any
written and legally binding agreement with a Tax Authority relating to Taxes, (vii) neither Saint-Gobain nor any of its Affiliates are subject to any accounting method changes, under applicable Tax law, that could give rise to an adjustment to
Taxes for periods after the Closing Date, (viii) all Taxes, the non-payment of which would result in a Lien on any SG Contributed Asset or an indemnifiable claim of SG have been paid on a timely basis or are not yet due and payable,
(ix) there is no material audit, action, suit or proceeding now pending against Saint-Gobain (or an SG Contributed Subsidiary) with respect to any Tax and neither Saint-Gobain nor has any SG Contributed Subsidiary received a notice of any
material deficiencies, pending audits, assessments or proceedings, (x) there is no outstanding extension or waiver of the limitation period applicable to any Tax or Tax Return of Saint-Gobain (or an SG Contributed Subsidiary), (xi) neither
Saint-Gobain nor any SG Contributed Subsidiaries are parties to any transactions required to be disclosed as a listed transaction under Treasury Regulation Section 1.6011-4, (xii) neither Saint-Gobain nor any SG Contributed Subsidiary is a
party to any tax sharing agreements or that would be in effect after the Closing Date, (xiii) neither Saint-Gobain 

  

 39 

 
nor any SG Contributed Subsidiary is a party to any closing agreements, letter rulings or other agreements with Tax authorities impacting treatment of any
item in a post-closing tax period, (xiv) neither Saint-Gobain nor any of its Affiliates will be required to include any material item of income in, or exclude any item of deduction from, taxable income for any taxable period (or portion
thereof) ending after the Closing Date as a result of any: (1) installment sale or open transaction disposition made on or prior to the Closing Date or (2) prepaid amount received on or prior to the Closing Date, and (xv) neither
Saint-Gobain nor any of its Affiliates has any liability for Taxes of any person or entity other than Saint-Gobain or such Affiliate as a result of being a member of an affiliated, consolidated, combined, unitary or similar tax group other than a
group that included Saint-Gobain (including any Tax liabilities for the unpaid Taxes under Treasury Regulation section 1.1502-6 (or any similar provision of State, local or foreign law)); provided, however, that the foregoing representations
and warranties are made only to the extent of Taxes that are or may become Liens (other than Permitted Liens) on the SG Contributed Assets or the assets of the Company or its Subsidiaries or a liability for Taxes of the Company, its Subsidiaries or
OC Topco. 
 (r) Employee Benefit Matters. 
 (i) Schedule 4.02(r)(i) includes a list of all material SG Benefit Plans. 
 (ii) Saint-Gobain has provided to Owens Corning true and complete copies of each material SG Benefit Plan other than national, regional or
industry-wide collective agreements, including, without limitation and for the avoidance of doubt, to the extent permitted by Applicable Law, all contracts or agreements for executives and managing directors whose annual gross remuneration package
exceeds USD200,000, and all individual retention, termination, severance or other similar contracts or agreements, it being understood that Saint-Gobain used its best efforts to disclose these documents in compliance with Applicable Law. 

(iii) Except as set forth in Schedule 4.02(r)(iii): 
 (A) Each SG Benefit Plan has at all times been maintained and administered in all material respects in accordance with its terms and with
the requirements of all Applicable Laws; 
 (B) All required employer contributions or premiums (including any amounts
deferred from or that reduce employees’ wages) to each SG Benefit Plan have been made when due (or, in the case of contributions not yet due, as of the date hereof have been accrued on the financial statements and records to the extent required
by the generally accepted accounting principles applicable in the country under which the financial statements and records are prepared); 
 (C) INTENTIONALLY OMITTED 
 (D) No direct, contingent or secondary liability has been
incurred or is expected to be incurred by SG Contributed Subsidiaries or any of their Subsidiaries which could result in liability imposed by any Governmental Authority as a result of the 

  

 40 

 
underfunded status of any defined benefit pension plan sponsored, maintained, or contributed to by SG Contributed Subsidiaries, or any of their SG Employment
Affiliates, other than for premiums payable to any Governmental Authority under Applicable Law or other routine insurance payments under any Applicable Law; 
 (E) There are no pending or, to the knowledge of Saint-Gobain, threatened investigations, inquiries, audits (except standard audits
relating to the Benefit Plans maintained in the United States) or claims by any Governmental Authority (including without limitation any such tax, social security or labor authority), relating to any of the SG Benefit Plans; 
 (F) There are no pending or, to the knowledge of Saint-Gobain, threatened termination proceedings, pending claims (except claims for
benefits payable in the normal operation of the SG Benefit Plans), suits or proceedings against or involving any SG Benefit Plan or asserting any rights to or claims for benefits under any SG Benefit Plan and, to the knowledge of Saint-Gobain, there
are not any facts that could reasonably be expected to give rise to any such investigation, claim, suit or proceeding, with respect to any Business Employee or for which SG Contributed Subsidiaries or their Subsidiaries could have liability;

 (G) With respect to each SG Multiemployer Plan (i) no withdrawal liability or other similar liability has been
incurred by Saint-Gobain, SG Contributed Subsidiaries or any SG Employment Affiliate, and Saint-Gobain has no reason to believe that any such liability will be incurred, prior to the Closing Date, (ii) no notice has been received that increased
contributions may be required to avoid a reduction in plan benefits or the imposition of an excise tax or similar tax, or that the plan is or may become “insolvent” (within the meaning of section 4241 of ERISA), (iii) no proceedings
have been instituted by the Pension Benefit Guaranty Corporation or any Governmental Authority against the plan, and (iv) if Saint-Gobain, SG Contributed Subsidiaries or any SG Employment Affiliate were to have a complete or partial withdrawal
as of the Closing, no obligation to pay withdrawal liability would exist on the part of Saint-Gobain, SG Contributed Subsidiaries or any SG Employment Affiliate; 
 (H) Except as set forth in the Benefits Schedules as set forth in Schedule 8.01(b), no SG Benefit Plan provides post retirement,
or health, life, death or other welfare benefit coverage (whether or not insured) beyond the termination of an employee’s employment, except as required by Applicable Law; 
 (I) The tax deductibility of any amount paid or payable as compensation or under any SG Benefit Plan as a result of the transactions
contemplated by this Agreement, whether alone or in combination with any other event (e.g., termination of employment), will not be limited by operation of Applicable Law; 
 (J) Except as set forth in the Benefit Schedules as set forth in Schedule 8.01(b), no promises or commitments have been made by
Saint-Gobain, SG Contributed Subsidiaries or any Subsidiary or Affiliate to amend any SG Benefit Plan, to provide increased benefits thereunder or to establish any new benefit plan, except as required by Applicable Law; 
  

 41 

 (K) Saint-Gobain, SG Contributed Subsidiaries and each SG Employment Affiliate may, in
any manner, subject to the limitations imposed by Applicable Law, any applicable employment contracts, or any applicable collective agreements, and without the consent of any employee, beneficiary or other person, prospectively terminate, modify or
amend any SG Benefit Plan or any other plan, program or practice (or its participation in such SG Benefit Plan or any other plan, program or practice) effective as of a date on or after the date hereof; and 
 (L) To the knowledge of Saint-Gobain, in connection with an SG Benefit Plan no event has occurred and there has been no failure to act on
the part of either Saint-Gobain, SG Contributed Subsidiaries or any SG Employment Affiliate that could reasonably be expected to subject Saint-Gobain, SG Contributed Subsidiaries or any SG Employment Affiliate, any SG Benefit Plan or any successor
plan to the imposition of any tax-related surcharge, penalty, lien, or fine, whether by way of indemnity or otherwise. 
 (iv)
No benefit under any SG Benefit Plan, including, without limitation, any severance or parachute payment plan or agreement, will be established , increased, or become accelerated, vested or payable by reason of any transaction contemplated under this
Agreement or the Joint Venture Agreement either alone or in conjunction with another event (e.g., termination of employment), and neither the execution and delivery of this Agreement or the Joint Venture Agreement, nor the consummation of any
transaction contemplated by this Agreement or the Joint Venture Agreement will (a) trigger any funding (through a grantor trust or otherwise) of any compensation, severance or other benefits under any SG Benefit Plan, or (b) result in any
compensation becoming payable that will be subject to tax higher than any tax ordinarily payable with respect to such compensation. 
 (v) No SG Benefit Plan operated or maintained in the U.S. that is a non-qualified deferred compensation plan or arrangement subject to Section 409A of the Code has been materially modified (as defined under Section 409A of the
Code) since October 3, 2004 and all such non-qualified deferred compensation plans or arrangements have been operated and administered in good faith compliance with Section 409A of the Code from the period beginning January 1, 2005
through the date hereon. 
 (vi) Except as disclosed in Schedule 4.02(r)(vi), none of Saint-Gobain, SG Contributed
Subsidiaries or any of their Subsidiaries or Affiliates is party to any retention agreement or any agreement with any employee, former employee, director, agent or independent contractor of Saint-Gobain’s Business (i) the benefits of which
(including, without limitation, severance benefits) are contingent, or the terms of which are materially altered, upon the occurrence of a transaction involving Saint-Gobain, SG Contributed Subsidiaries or their Subsidiaries or Affiliates of the
nature of any of the transactions contemplated by this Agreement or the Joint Venture Agreement or (ii) providing severance benefits in excess of those generally available under such company’s severance policies as in effect on the date
hereof or, in the absence of such policies, under Applicable Law, after the termination of employment or service of such current or former employee, director, agent or independent contractor regardless of the reason for such termination of
employment or service. Except as listed on Schedule 4.02(r)(vi), none of Saint-Gobain, SG Contributed Subsidiaries or any of their Subsidiaries or Affiliates is a party to any employment or independent contracting 

  

 42 

 
agreement or compensation guarantee with any current or former employee, director, agent or independent contractor of Saint-Gobain’s Business extending
for a guaranteed period longer than one year from the date hereof; 
 (vii) Schedule 4.02(r)(vii) lists those
jurisdictions with SG Benefit Plans which are Transferred DB Plans and the funded status of such plans as of December 31, 2006, with such funded status determined in accordance with the assumptions set forth in the applicable Benefit Schedules.

 (s) Labor and Employment Matters. 
 (i) Neither Saint-Gobain nor its Subsidiaries are in default with respect to any material obligation to any hourly or salaried Business
Employee (including officers) of Saint-Gobain’s Business (each, a “SG Employee”). 
 (ii) Except as set forth
in Schedule 4.02(s)(ii) with respect to Saint-Gobain and its Affiliates: 
 (A) since December 31, 2002,
there have been no work stoppages for more than seven consecutive hours, strikes, lockouts or union organizing campaigns (other than those applicable nationally or an industry as a whole) with respect to Saint-Gobain’s Business, and to the
knowledge of Saint-Gobain, none are threatened; 
 (B) there are no pending or unremedied grievances, arbitrations, labor and
employment lawsuits, or unfair labor practices, with respect to Saint-Gobain’s Business, which could reasonably be expected to impose a liability in excess of USD1,000,000 in respect of any individual claim or USD3,000,000 in the aggregate;

 (C) Saint-Gobain and its Affiliates are, with respect to Saint-Gobain’s Business, in compliance, in all material
respects, with all Applicable Laws of the applicable jurisdictions relating to labor, employment and employment practices, terms and conditions of employment, wages, hours of work, employee benefits, immigration, non-discrimination, collective
bargaining, and occupational safety and health, except for non-compliance that does not have, and could not reasonably be expected to have, a Material Adverse Effect on Saint-Gobain’s Business or, to the knowledge of Saint-Gobain, the operation
of Saint-Gobain’s Business and the condition of the SG Contributed Assets; and all amounts required by Applicable Laws, collective bargaining agreements, or SG Benefit Plans to be withheld from the wages, salaries or other payments to SG
Employees have been withheld, and Saint Gobain and its Affiliates are not liable for any wages, arrears, taxes, or penalty for failure to comply with the foregoing with respect to SG Employees, except in such case that could impose liability in
excess of USD1,000,000 in respect of any individual failure or USD3,000,000 in the aggregate; and 
 (D) there is no pending
or, to the knowledge of Saint-Gobain, threatened, governmental investigation, proceeding, claim, suit or other legal action relating to compliance with labor and employment Laws by Saint-Gobain and its Affiliates with respect to Saint-Gobain’s
Business which could reasonably be expected to impose a liability in excess of USD1,000,000 in respect of any individual claim or USD3,000,000 in the aggregate. 
  

 43 

 (t) Product Warranties. Except as set forth on Schedule 4.02(t) or as
expressly set forth and identifiable as reserves on the OC Financial Statements, neither Saint-Gobain nor any of its Affiliates has in connection with the Saint-Gobain Business any material liability in connection with the replacement of related
products or other damages in connection therewith. 
 (u) Insurance. Saint-Gobain, whether directly or through its
Affiliates, maintains, and shall maintain until the Closing Date, with reputable insurers policies of insurance in respect of Saint-Gobain’s Business, the SG Contributed Assets and all tangible property and assets owned, held or used by the SG
Contributed Subsidiaries against all customary risks and for such amounts in accordance with good industry practices and as required by Applicable Law. Such policies are in full force and effect and are valid, outstanding and enforceable, all
premiums due thereon have been paid in full, and Saint-Gobain or its applicable Affiliate has complied in all material respects with the provisions of all such policies. Except as set forth on Schedule 4.02(u), no insurer under any such
policy has cancelled or specifically disclaimed liability under any such policies or indicated any intent to do so or not renew any such policy. Since December 31, 2004, neither Saint-Gobain nor any of its Affiliates has taken or failed to take
any action such that the applicability of any such policies or the ability to make claims thereunder would be adversely impacted in any material respect. 
 (v) Foreign Corrupt Practices Act. Except as set forth in Schedule 4.02(v), neither Saint-Gobain nor any of the SG Contributed Subsidiaries nor, to the knowledge of Saint-Gobain, any director,
officer, agent, employee or other person associated with or acting on behalf of Saint-Gobain or any of the SG Contributed Subsidiaries, has (i) (A) made, authorized, offered or promised to make any unlawful payment or transfer of anything
of value, directly, indirectly or through a third party, to any Foreign Government Representative, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended, or any Applicable Law of similar effect in any jurisdiction
to which such person or entity is subject; (B) otherwise taken any action which would cause the Saint-Gobain and the SG Contributed Subsidiaries to be in violation of the United States Foreign Corrupt Practices Act of 1977, as amended, or
any Applicable Law of similar effect in any jurisdiction to which such person or entity is subject, and (ii) made any payments to third parties by check mailed to such third parties’ principal place of business or by wire transfer to a
bank located in the same jurisdiction as such parties’ principal place of business. For the purposes of this Section 4.02(v), the acts specified include, but are not limited to: (x) the making or payment of any illegal contributions,
commissions, fees, gifts, entertainment, travel or other unlawful expenses relating to political activity, (y) the direct or indirect payment, gift, offer, promise or authorization to make a payment, gift, offer or promise of, anything of
material value to any Foreign Government Representative, and (z) the making of any bribe, illegal payoff, influence payment, kickback or other unlawful payment, using funds of Saint-Gobain or the SG Contributed Subsidiaries or otherwise on
behalf of any of Saint-Gobain or the SG Contributed .Subsidiaries. 
 (w) U.S. International Trade Sanctions. Except as
set forth in Schedule 4.02(w), no SG Contributed Subsidiary is, or as of the Closing Date will be, in connection with the Business, engaged in a direct or, to the knowledge of Saint-Gobain, indirect business transaction with the governments
of (i) Cuba, Iran, Libya, North Korea, Sudan and Syria (the “Embargoed Countries”) or (ii) Burma , Kuwait, Lebanon, Liberia, Libya, Qatar, Rwanda, Sierra 

  

 44 

 
Leone, Saudi Arabia, Sudan, Syria, United Arab Emirates, Yemen and Zimbabwe (the “Boycott Countries”) or any individuals or entities located
in the Embargoed Countries or Boycott Countries or any representatives of the Embargoed Countries or Boycott Countries. 
 (x)
Undisclosed Contracts. Except as set forth on Schedule 4.02(x), no undisclosed portions of the Undisclosed Contracts of Saint-Gobain (i) involve the performance of work by Saint-Gobain’s Business of a materially
different nature than work currently performed by Saint-Gobain’s Business pursuant to Contracts to which Owens Corning has been provided access prior to the date of this Agreement, (ii) have terms which would result in total contract costs
determined in accordance with IFRS indicating a loss (except that costs shall be based on the average costs of Saint-Gobain’s Business for the applicable accounting year), (iii) contain any material terms that are not consistent with
industry practice or (iv) require Saint-Gobain’s Business to “take or pay” for a minimum number or volume of goods, or to purchase a minimum number or volume of goods used in excess of the current requirements of
Saint-Gobain’s Business under existing Contracts (in each case in an amount exceeding USD100,000). 
 (y) Accounts
Receivable. The accounts receivable of Saint-Gobain’s Business as set forth on the SG Financial Statements or arising since the date thereof are, to the extent not paid in full by the account debtor prior to the date hereof, (a) valid
and genuine, have arisen solely out of bona fide sales and deliveries of goods, performance of services and other business transactions in the ordinary course of Saint-Gobain’s Business consistent with Past Practice and (b) to its
knowledge, not subject to valid defenses, set-offs or counterclaims. The allowance for collection losses on the SG Financial Statements and, with respect to accounts receivable arising since September 30, 2006, the allowance for collection
losses shown on the accounting records of Saint-Gobain’s Business, have been determined in accordance with IFRS. 
 (z)
Relationships with Customers and Suppliers. Schedule 4.02(z) sets forth the largest 25 customers of Saint-Gobain’s Business based on revenue generated for the nine-month period ended September 30, 2006 (each, an
“SG Material Customer”) and the largest 25 suppliers of Saint-Gobain’s Business based on expense incurred for the nine-month period ended September 30, 2006 (each, an “SG Material Supplier”). Except
as set forth in Schedule 4.02(z), since September 30, 2006 no SG Material Customer or SG Material Supplier has either terminated its relationship with Saint-Gobain’s Business or materially reduced the aggregate value of its
annual transactions with Saint-Gobain’s Business, nor has any SG Material Customer or SG Material Supplier given formal written notice to Saint-Gobain or any of its Subsidiaries of its intention to do so. 
 (aa) Product Liability. Except as set forth in Schedule 4.02(aa), neither Saint-Gobain nor any of its Affiliates has
received any written notice within the past two years relating to, nor does Saint-Gobain have any knowledge of any facts or circumstances that are reasonably expected to give rise to, any actual or potential claim involving any service provided or
any product designed, manufactured, serviced, produced, modified, distributed or sold by or on behalf of Saint-Gobain’s Business relating to an alleged defect in design, manufacture, materials or workmanship, performance, or any alleged failure
to warn, or any alleged breach of implied warranties or representations, other than notices or claims that have been settled or resolved prior to the date of this Agreement, that are within normal warranty experience, or those 

  

 45 

 
that could not, individually or in the aggregate, have and could not reasonably be expected to have a Material Adverse Effect. 
 (bb) Furnaces. Schedule 4.02(bb) contains a list of furnaces owned by Saint-Gobain or any of its Affiliates Primarily used
in Saint-Gobain’s Business indicating for each such furnace the date it was last rebuilt and the good faith estimate of the cost thereof. 
 (cc) Hedging Arrangements. With respect to Saint-Gobain’s Business, (v) all currency hedge gains and losses are accurately reflected on the SG Financial Statements on lines R27, R762, R763, R764,
(w) all Mark to Market Variation of Financing Currency Derivatives are accurately reflected on the SG Financial Statements on lines R7632, (x) all Mark to Market Variation of an Internal Operating Derivative are accurately reflected on the
SG Financial Statements on lines R2712, (y) all Mark to Market Variation of an External Operating Derivative are accurately reflected on the SG Financial Statements on lines R2713, and (z) all other hedge gains and losses are accurately
reflected on the SG Financial Statement on lines R7624, R7631, R7633, R7634, R7641, R7642, R7643, R7644. 
 ARTICLE V 
 COVENANTS AND AGREEMENTS OF THE PARTIES 
 Section 5.01 Conduct of Businesses. Except as set forth in Schedule 5.01, as otherwise contemplated by this Agreement (including the Reorganizations required by Sections 2.02 and 2.03 of this Agreement) or as required by
Applicable Law, from the date of this Agreement until the Closing Date, each of the Parents shall conduct, and shall cause its respective Affiliates to conduct, its Business in all material respects in accordance with the historical and customary
operating practices relating to the conduct of such Business and shall use reasonable commercial efforts to preserve intact its Business and its relationships with employees and other third parties in connection with the operation of its Business.
In addition to and without limiting the generality of the foregoing, except (i) with the written consent of the other Parent (which consent shall not be unreasonably withheld or delayed), (ii) as set forth in Schedule 5.01, or
(iii) as required by Applicable Law or in accordance with the terms and conditions of Contracts (including any collective bargaining agreements) in existence on the date of this Agreement, neither Parent shall, and each Parent shall cause its
Affiliates not to, (a) transfer any Transferred Employee such that he or she no longer would be a Transferred Employee or (b) engage in any action that, if engaged in since September 30, 2006, but on or before the date of this
Agreement, and not listed in Schedule 4.01(g) or Schedule 4.02(g), respectively, would constitute a breach of the representations and warranties of the Parent contained in clauses (iii) through (xiv) of
Section 4.01(g) or Section 4.02(g), respectively. 
 Saint-Gobain shall not, and shall cause its Affiliates, not to enter into any Contract which
will be binding upon the Company after the Closing without the prior written consent of Owens Corning. Additionally, at the request of Owens Corning, Saint-Gobain shall, and shall cause its Affiliates to terminate as of the Closing any existing
Contracts with the government or any representative of or any individual or entity located in an Embargoed Country. To the extent there shall be any expenses to third parties in connection with compliance with the immediately 

  

 46 

 
preceding sentence, including without limitation, early termination fees, the same shall be reimbursed by the Company promptly after Closing. 
 Section 5.02 Conduct of Business of the Company. From and after the formation of the Company in accordance with the terms of the Joint Venture
Agreement and until the Closing Date, except as described on Schedule 5.02, the Parents, OC Topco and SG Topco (i) shall not conduct any business with or through the Company, and the Company shall not conduct any business, take any
action or incur any liability, except as expressly provided in this Agreement or as otherwise expressly agreed in writing by the Parents, and (ii) shall take such actions as may be necessary to cause the Company to satisfy its obligations under
this Agreement in connection with the Contemplated Transactions. In addition to and notwithstanding the foregoing, any action of the Company prior to the Closing Date shall require the unanimous written consent of the Parents. 
 Section 5.03 Access to Information; Confidentiality. 
 (a) From the date of this Agreement until the Closing Date, except as may be necessary to comply with any Applicable Laws (including Antitrust or Competition Laws and similar laws), subject to any applicable
privileges (including the attorney-client privilege), subject to the terms and conditions of the Non-Disclosure Agreement and this Section 5.03, subject to the provisions of Section 5.09 and subject to the terms and conditions of any
confidentiality or similar agreements between either of the Parents and a third party, including customers, vendors and subcontractors, from the date of this Agreement until the Closing Date, each Parent shall (i) during normal business hours
and upon reasonable prior notice, give the other Parent and its Representatives reasonable access to the records of such Parent and its Affiliates relating to its Business, (ii) during normal business hours and upon reasonable prior notice,
give the other Parent and its Representatives reasonable access to any facilities the possession of which shall be transferred to the Company at Closing, including but not limited to, access to such facilities to conduct non-invasive environmental
assessments and audits, (iii) furnish to the other Parent and its Representatives such financial and operating data and other information relating to its Business as the other Parent may reasonably request, (iv) instruct its employees and
Representatives to provide reasonable cooperation to the other Parent in the other Parent’s investigation of its Business and (v) use reasonable commercial efforts to obtain the consent or waiver of any third parties with whom such Parent
has entered into a confidentiality or similar arrangement in connection with such Parent’s Business to the disclosure of contracts or other information with respect to the Parent’s relationship with such third parties; provided,
however, that such access or furnishing of information will be subject to the prior approval (such approval not to be unreasonably withheld or delayed) of the relevant Parent if such Parent reasonably believes that doing so will unreasonably
interfere with its business or operations. Without limiting the generality of the foregoing, and subject to the limitations set forth in the first sentence of this Section 5.03(a), from the date of this Agreement until the Closing Date, each
Parent shall use reasonable commercial efforts to enable the other Parent and its Representatives to conduct, at such other Parent’s expense, business and financial reviews, investigations and studies as to the operation of such Parent’s
Business, including with respect to any tax, operating or other efficiencies that may be achieved through the Company. Notwithstanding anything to the contrary in this Section 5.03, neither Parent shall be entitled to conduct invasive
environmental investigations (including but not limited to, soil, groundwater, or 

  

 47 

 
surface water sampling and analysis) at the other Party’s facilities without the written consent of such Party, which consent may be withheld at such
Party’s sole discretion. 
 (b) Each Parent agrees that all information provided or otherwise made available to it or any
of its Representatives in connection with the Contemplated Transactions shall be governed by the provisions of, and treated as if provided or otherwise made available under, the Non-Disclosure Agreement (regardless of whether or not the
Non-Disclosure Agreement is in effect or has been terminated or superseded); provided, that nothing in this Section 5.03 shall limit or otherwise restrict the applicability of any other confidentiality or similar provisions included in
any of the Transaction Documents or any other agreement between the Parents. Notwithstanding the provisions of this Section 5.03 or any other provision of this Agreement, the Parents acknowledge and agree that all information disclosed or
otherwise discovered by the Parties pursuant to this Section 5.03 shall be used solely for the purpose of evaluating the Contemplated Transactions and the satisfaction of the conditions to Closing set forth in this Agreement and that no such
information shall be used for any other purpose. 
 (c) Notwithstanding anything herein to the contrary, the Parties (and each
employee, representative or other agent of such Parties) may disclose to any and all persons or entities, without limitation of any kind, the U.S. income tax treatment and tax structure of any transaction contemplated between the Parties hereby
(including the Joint Venture) and all materials of any kind (including opinions and other tax analyses) that are provided to the Parties relating to such tax treatment and tax structure; provided that the authorization to disclose such tax treatment
and tax structure shall not permit disclosure of information identifying the Parties or any other party hereto. 
 Section 5.04 Provision
and Preservation of and Access to Certain Information; Cooperation After Closing. 
 (a) On and after the Closing Date,
the Company shall preserve all books and records of the Parents’ respective Businesses provided to the Company for a period of six years commencing on the Closing Date (or (i) in the case of books and records relating to Tax, employment,
environmental and employee benefits matters, until such time as all statutes of limitations to which such records relate have expired, (ii) in the case of books and records as to which Applicable Law requires a longer period, for such longer
period), and thereafter the Company shall not destroy or dispose of such records without giving notice to the Parents of such pending disposal and offering the applicable Parent such records. In the event the applicable Parent has not requested such
materials or directed the Company to retain such materials for a longer period of time within 90 days following the receipt of such notice from the Company, the Company may proceed to destroy or dispose of such materials. 
 (b) Subject to any applicable privileges (including the attorney-client privilege), and this Section 5.04 and subject to the terms
and conditions of any confidentiality or similar agreements between the Company and a third party, including customers, vendors and subcontractors, from and after the Closing Date, the Company shall (i) afford the Parents and their respective
Representatives reasonable access upon reasonable prior notice during normal business hours, to all employees, offices, properties, agreements, records, books and affairs of the Company and, at the applicable Parent’s expense, provide copies of
such information 

  

 48 

 
concerning the Company, as the Parents may reasonably request for any proper purpose, (ii) use reasonable commercial efforts to cooperate with the
Parents for any of the purposes contemplated by the preceding clause (i), and (iii) use reasonable commercial efforts to cooperate with the Parents in the defense of or pursuit of any Indemnified Claim between the Parents, or any claim or
action that relates to an Indemnified Claim between the Parents; provided that the applicable Parent shall reimburse the Company for any reasonable out-of-pocket expenses incurred by the Company in connection with any such defense, claim or
action. Each Parent agrees to treat and hold as confidential all information provided or otherwise made available to it or any of its Representatives under this Section 5.04(b) in accordance with the provisions of Section 5.04(d) and the
confidentiality provisions of the Joint Venture Agreement. 
 (c) Subject to any applicable privileges (including the
attorney-client privilege) and this Section 5.04 and subject to the terms and conditions of any confidentiality or similar agreements between either of the Parents and a third party, including customers, vendors and subcontractors, from and
after the Closing Date, each Parent shall, and shall cause each of its Subsidiaries to, at the Company’s expense (i) afford the Company and its Representatives reasonable access, upon reasonable prior notice during normal business hours,
to all employees, offices, properties, agreements, records, books and affairs of such Parent and its Subsidiaries to the extent relating to the conduct of such Parent’s Business prior to the Closing, as the Company may reasonably request for
any proper purpose and (ii) use reasonable commercial efforts to cooperate with the Company with respect to matters relating to the conduct of such Parent’s Business prior to the Closing, including in the defense or pursuit of any claim or
action that relates to occurrences involving the Parents’ respective Businesses prior to the Closing Date; provided that the Company shall reimburse the Parents for any reasonable out-of-pocket expenses incurred by the Parents or their
Affiliates in connection with any such defense, claim or action. The Company agrees to treat and hold as confidential all information provided or otherwise made available to it or any of its Representatives under this Section 5.04(c) in
accordance with the provisions of Section 5.04(d) and the confidentiality provisions of the Joint Venture Agreement. 
 (d) In the event a Parent or the Company is requested or required (by oral or written request for information or documents in any legal proceeding, interrogatory, subpoena, civil investigative demand or similar process or by Applicable Law)
to disclose any confidential or proprietary information provided to such Party under this Section 5.04, then such Parent or the Company, as the case may be, shall notify the disclosing Party promptly of the request or requirement so that the
disclosing Party, at its expense, may seek an appropriate protective order or waive compliance with Section 5.04(b) or Section 5.04(c), as the case may be. If, in the absence of a protective order or receipt of a waiver hereunder, such
Party is, on the advice of counsel, compelled to disclose such confidential or proprietary information, such Party may so disclose the confidential or proprietary information; provided that such Party shall use reasonable commercial efforts
to obtain reliable assurance that confidential treatment shall be accorded to such confidential or proprietary information. The provisions of this Section 5.04(d) shall not be deemed to prohibit the disclosure by any Party of confidential or
proprietary information to the extent reasonably required (i) to prepare or complete any required Tax Returns or financial statements, (ii) in connection with audits or other proceedings by or on behalf of a Governmental Authority,
(iii) in connection with any insurance or benefits claims, (iv) to the extent necessary to comply with any Applicable Laws, (v) to provide services to the disclosing Party or the 

  

 49 

 
Company in accordance with the terms and conditions of any of the Transaction Documents, (vi) in connection with asserting any rights or remedies or
performing any obligations under any of the Transaction Documents, or (vii) in connection with any other similar administrative functions in the ordinary course of business; provided that in each such case such Party shall use reasonable
commercial efforts to obtain reliable assurance that confidential treatment shall be accorded to such confidential or proprietary information. Notwithstanding the foregoing, the confidentiality restrictions of this Section 5.04 shall not apply
to information that (x) is or becomes publicly available other than as a result of a disclosure by the receiving Party, (y) is or becomes available to a Party on a non-confidential basis from a source that, to such Party’s knowledge,
is not prohibited from disclosing such information by a legal, contractual or fiduciary obligation, or (z) is or has been independently developed by the receiving Party as evidenced by written documentation. 
 (e) Each Parent shall, in furtherance of its obligations under this Section 5.04 and at its own expense, provide information to the
Company reasonably in its possession regarding the adjusted basis of Contributed Asset for U.S. federal income tax purposes and the value (as determined for purposes of the Treasury Regulations under Section 704) of Contributed Assets and
Contributed Subsidiaries measured as of the date of contribution. 
 Section 5.05 Insurance. 
 (a) Except for the replacement of existing insurance policies with substantially similar policies upon expiration of existing policies, on
and after the date of this Agreement and until the Closing Date, the Parents shall not take or fail to take any action if such action or inaction, as the case may be, would adversely affect the applicability of any insurance (including reinsurance)
maintained by the Parents or their Affiliates and in effect on the date of this Agreement that covers all or any part of the assets owned, held or used by the Parents or their respective Affiliates in the conduct of the Parents’ Business or the
Transferred Employees. On and after the Closing Date, neither Parent shall intentionally take or intentionally fail to take any action if such action or inaction, as the case may be, would adversely affect any insurance proceeds that would otherwise
be payable to the Company on or after the Closing Date to the extent such action relates to an event or occurrence prior to the Closing Date. Neither Parent shall have any obligation to maintain the effectiveness of any such insurance policy, or to
make any monetary payment in connection with any such policy, after the Closing Date. 
 (b) Notwithstanding the provisions of
Section 5.05(a), the Parties hereby acknowledge and agree that as of the Closing Date, neither the Company, the Business, any property owned or leased by any of the foregoing, any directors, officers, employees (including the Transferred
Employees) or agents of any of the foregoing, shall be insured under any insurance policies maintained by either of the Parents or any of their Affiliates, except (i) in the case of certain claims made policies, to the extent that a claim has
been reported as of the Closing Date, (ii) in the case of a policy that is an occurrence policy, to the extent the accident, event or occurrence that results in an insurable loss occurs prior to the Closing Date and has been, is or shall be
reported or noticed to the respective carrier by the Company or the applicable Parent in accordance with the requirements of such policies (which claims the applicable Parent shall, at the Company’s cost and expense, use reasonable commercial
efforts to pursue on the Company’s behalf, and the net proceeds of which claims (except to the extent they relate to 

  

 50 

 
Excluded Liabilities) shall be remitted promptly to the Company upon receipt thereof), and (iii) otherwise agreed to in writing by the Parties. Except
as otherwise agreed to in writing by the Parties, from and after the Closing Date, neither Parent shall have any obligation of any kind to maintain any form of insurance covering all or any part of the Business, its assets or the Transferred
Employees. 
 (c) On and after the Closing Date, the Company shall reimburse the Parents within 30 days of receipt of an
invoice for any self insurance, retention, deductible, retrospective premium, cash payment for reserves calculated or charged on an incurred loss basis and similar items, including associated administrative expenses and allocated loss adjustment or
similar expenses (collectively, “Insurance Liabilities”) allocated by either Parent to its Business on a basis consistent with Past Practices resulting from or arising under any and all current or former insurance policies
maintained by such Parent or its Affiliates to the extent that such Insurance Liabilities relate to or arise out of any activities of the Company. The Company agrees that, to the extent any of the insurers under the insurance polices, in accordance
with the terms of the insurance policies, requests or requires collateral, deposits or other security to be provided with respect to claims made against such insurance polices relating to or arising from the Business, the Company shall provide the
collateral, deposits or other security or, upon request of the applicable Parent, shall replace any collateral, deposits or other security provided by such Parent or any of its Affiliates to the extent related to or arising out of any activities of
the Company. 
 Section 5.06 Non-Hire and Nonsolicitation of Certain Employees in the Business. From and after the date of this
Agreement until the Closing Date, neither Parent nor any of their Affiliates shall, without the prior written approval of the other Parent, directly or indirectly solicit any employee of the other Parent or its Affiliates that has been engaged in
the negotiations of the Transaction Documents (including the schedules, exhibits or annexes attached thereto) or who is employed in the Business to enter into an employment relationship with the other Parent or its respective Affiliates;
provided, however, that the foregoing shall not apply to (a) individuals hired as a result of the use of an independent employment agency (so long as the agency was not directed to solicit a particular individual or a class of
individuals that could only be satisfied by employees of either Owens Corning or Saint-Gobain or any of their Subsidiaries) or as a result of the use of advertisements and other general solicitation (such as an advertisement in newspapers, on Owens
Corning or Saint-Gobain websites or internet job sites, or on radio or television) not specifically directed to employees of either Owens Corning or Saint-Gobain or any Affiliate of Owens Corning or Saint-Gobain, or (b) individuals whose
employment is terminated by Owens Corning or Saint-Gobain after the date of this Agreement. 
 Section 5.07 Financial Support
Arrangements. 
 (a) Except as set forth on Schedule 4.02(k)(i)(E) Saint-Gobain and its Affiliates shall not be
required to maintain after the Closing Date any other Financial Support Arrangements in connection with Saint-Gobain’s Businesses and may terminate the same as of the Closing Date but only to the extent Saint-Gobain has disclosed in writing to
Owens Corning within 30 days of the date hereof those Financial Support Arrangements it intends to so terminate. In furtherance of the foregoing, Owens Corning agrees (i) to use reasonable commercial efforts to arrange for the substitution of
any such disclosed Financial Support Arrangements which are to be terminated as of the Closing Date on terms and conditions 

  

 51 

 
reasonably satisfactory to the beneficiaries thereof on the Closing Date, and (ii) to provide financial information concerning the Company reasonably
requested by those Persons for whose benefit the Financial Support Arrangements were made. 
 (b) If, at any time after the
Closing Date, (i) any amount is drawn on or paid under any Financial Support Arrangement maintained by the Parents or any of their respective Affiliates in connection with the Parents’ respective Businesses pursuant to which either of the
Parents or any of their respective Affiliates is obligated to reimburse the Person making such payment, or (ii) either of the Parents or any of their respective Affiliates pays any amounts under, or any fees, costs or expenses relating to, any
such Financial Support Arrangement, the Company shall reimburse the applicable Parent such amounts promptly after receipt from such Parent of written notice thereof accompanied by written evidence of the underlying payment obligation. 
 Section 5.08 Company Financing. The Company shall use reasonable commercial efforts (and each of the Parents shall use reasonable commercial
efforts to assist the Company) to enter into a revolving credit agreement or similar financing arrangement with one or more third party lenders for an aggregate principal amount of at least USD100,000,000 but no greater than 20% of the
Company’s equity immediately after the Closing (the “Facility”) at or as soon as possible following the formation of the Company and in any event prior to the Closing; provided that nothing in this Section 5.08
shall require either Party to provide a Financial Support Arrangement in respect of such Facility. 
 Section 5.09 Competitive
Businesses. Unless and until the Closing of the Contemplated Transactions is consummated, the Parents will continue to operate as competitive businesses and will not collaborate in any manner in violation of Applicable Law. 
 Section 5.10 Certain Intellectual Property Matters. 
 (a) The Parties agree that the Company shall be granted a term of nine (9) months from the Closing Date in order to discontinue and remove any use by any SG Contributed Subsidiaries of the
‘Saint-Gobain’ and ‘Vetrotex’ trademarks and designs (as displayed in Exhibit G-1) or anything that is substantially or confusingly similar to any of these trademarks and designs, appearing (a) in any domain name;
(b) on any external documents such as purchase orders, acknowledgements of receipt and commercial brochures; (c) on the packaging of the Company Products; (d) on buildings and sign posts; and (e) on any other support or medium
(such as, but not limited to, company uniforms and merchandising goods). 
 (b) The Parties undertake that, as soon as
reasonably practicable after the Closing Date and in any event within six (6) months afterwards, the name of any SG Contributed Subsidiaries which consists of or incorporates any of the ‘Saint-Gobain’ or ‘Vetrotex’ names, or
anything that is substantially or confusingly similar to any of these names, is changed to a name which does not include any of these names. 
 (c) For a maximum of twelve (12) months following the Closing Date, each Parent and its Affiliates shall redirect internet traffic relating to the Business from their websites to websites of the Company by
(i) maintaining a reasonable number of existing links on mutually agreed pages of the website(s) of this Parent and its Affiliates to website(s) of the Contributed 

  

 52 

 
Subsidiaries of this Parent and (ii) redirecting mutually agreed links to such mutually agreed URL(s) within the website(s) of the Company. 

(d) Within three (3) months after the Closing Date, each of Owens Corning and Saint-Gobain shall deliver to the Company all the
Know How included in the OC Contributed Intellectual Property and SG Contributed Intellectual Property (for purposes of this Section 5.10, “Know How Material”) which is not in place on the Closing Date at the facilities
contributed to the Company pursuant to this Agreement (for purposes of this Section 5.10, “Contributed Manufacturing Facilities”). Should any of Company, Owens Corning, or Saint-Gobain subsequently determine that the Company
has not received any Know How Material, the corresponding one of Owens Corning and Saint-Gobain shall promptly deliver to the Company such Know How Material. 
 (e) Unless otherwise agreed by the Parties, Owens Corning and Saint-Gobain shall transfer, or cause to be transferred, promptly after
Closing, to the Company or its designee, the documents (including but not limited to patent and trademark files and agreements) that are not held by a Contributed Subsidiary, associated with the OC Contributed Intellectual Property, the OC Third
Party Intellectual Property, the SG Third Party Intellectual Property and the SG Contributed Intellectual Property. 
 (f) The
Company and/or any of its Affiliates shall take the steps set forth in (f) and (g) below to permit to be removed from the facilities of the Company and/or its Affiliates any materials or part of materials relating to the Intellectual
Property of Saint-Gobain or its Affiliates other than the SG Contributed Intellectual Property, the SG Third Party Intellectual Property and the SG Licensed Intellectual Property (“Excluded Technology”) in tangible form, including
any materials prepared by hand, with all copies of the above, and all physical assets or part of physical assets in the possession or control of the Company and/or its Affiliates that describe, discuss, incorporate, embody or reveal any, but only,
Excluded Technology (“Excluded Materials”). Excluded Materials shall include, but shall not be limited to, research reports, engineering reports, manufacturing reports, research or development documents of any kind, market studies,
batch books, files, notes, letters, studies, computer data or backups and other documents and equipment. 
 (g) In relation to
Saint-Gobain Vetrotex International (Chambéry, France), Vado Ligure (Italy), Changzhou (People’s Republic of China) and Gunsan (Korea) (collectively “Carve-out Facilities”), within twelve (12) months from the
Closing Date, Saint-Gobain or its Affiliates shall, in collaboration with the Company and/or its Affiliates, conduct inspections of reasonable scope and duration for Excluded Materials, and remove from the Carve-out Facilities all Excluded
Materials. The Company and its Affiliates shall permit Licensor reasonable access to such facilities, during normal business hours, to conduct such inspections. 
 (h) In relation to the facilities contributed to the Company pursuant to this Agreement other than the Carve-out Facilities, as and when
the Company, and/or its Affiliates discover any Excluded Materials at any such facility, such entity shall promptly notify Saint-Gobain of such Excluded Materials and shall make reasonable arrangements for Saint-Gobain to remove such Excluded
Materials. 
  

 53 

 (i) For the avoidance of doubt, the Parties agree that indemnification provisions in this
Agreement shall not be limited by any disclaimers or limitations of liability in the SG Intellectual Property License Agreements and/or the OC Intellectual Property License Agreements. 
 (j) The Parties acknowledge that some of the SG Contributed Intellectual Property, SG Licensed Intellectual Property, OC Contributed
Intellectual Property, and OC Licensed Intellectual Property may need to be licensed to third parties in relation to the divestments required in order to close the transaction contemplated by this Agreement. In such case, the Parties acknowledge to
have been provided with drafts of any such license agreement, and any such license agreement that licenses rights in the SG Contributed Intellectual Property or the OC Contributed Intellectual Property shall be assigned to US IP Holdco and/or Non-US
IP Holdco, as appropriate. 
 (k) Each of OC Topco and SG Topco hereby covenants, for as long as Saint-Gobain is a shareholder
of the Company, to use its best efforts to convince its Parent and its Parent’s then current Affiliates to enter into a good faith negotiation with the Company, and reasonably facilitate such negotiation, for the grant of a license on
royalty-bearing and commercially reasonable terms (including a term not limited to the time that Saint-Gobain is a shareholder of the Company) in respect of any Intellectual Property of the Parent or its Affiliates that may be necessary to develop,
manufacture, use, market, distribute and sell Company Products. 
 (l) By February 21, 2007, Owens Corning shall identify
to Saint-Gobain from the list set forth in Schedule 4.02(p)(v), such of the patents and patents applications as Owens Corning wishes to have maintained and for which the annuity may still be paid, with or without late payment fee.
Saint-Gobain shall cause such annuity and any applicable late payment fee to be paid for such patents and patent applications, such payments to be reimbursed by the Company; provided, however, that if the total amount of such annuity
payments exceeds fifteen thousand (USD15,000) US dollars, Saint-Gobain may require that Owens Corning provide funds in advance to Saint-Gobain for such payments, with Owens Corning to be reimbursed by the Company. 
 (m) Attached in Exhibit G-2 (with respect to Saint-Gobain) and Exhibit G-3 (with respect to Owens Corning) are lists of each
Parent’s invention disclosure records, ‘enveloppes Soleau’ and unpublished patent applications. Each Parent shall disclose the content of the items listed on these Exhibits to the other Parent as soon as feasible but no later
than ten (10) Business Days after the date of this Agreement; provided, however, that Owens Corning shall only disclose the content of the invention records on Exhibit G-3 that are labeled “In Draft,” “In
Search,” or “New Invent.” The Parties shall thereafter discuss in good faith the appropriate allocation of these items between contributed and licensed Intellectual Property. The Parties shall also discuss in good faith the
appropriate allocation of the patents listed in Schedule 4.02(p)(v) between contributed and licensed Intellectual Property. 
 (n) Attached in Exhibit G-4 is a list of Saint-Gobain’s joint development agreements. Attached in Exhibit G-5 (with respect to Owens Corning) and Exhibit G-6 (with respect to Saint-Gobain) are lists of each
Parent’s legal opinions. Each Parent shall disclose the 

  

 54 

 
content of the items listed on these Exhibits to the other Parent as soon as feasible but no later than five (5) Business Days after the date of this
Agreement. The Parties shall thereafter discuss in good faith how to address (i) any limitations on the rights of the Company to the SG Contributed Intellectual Property, the SG Third Party Intellectual Property, and/or the SG Licensed
Intellectual Property that are imposed by Saint-Gobain’s joint development agreements and/or (ii) any risks posed by any third party Intellectual Property that is the subject of any legal opinion listed in Exhibit G-5 and Exhibit
G-6 that may arise from the manufacture, use, or sale of Company Products as manufactured, used, or sold in Owens Corning’s or Saint-Gobain’s Business as conducted on or before the Closing Date. 
 (o) For each patent and patent application listed on Schedule A-1 and Schedule A-6 and listed on the lists attached to
Exhibit M and Exhibits N-1 and N-2 for which the deadline for claiming filing priority under the Paris Convention occurs between the date of this Agreement and Closing, the relevant of Owens Corning or Saint-Gobain shall (i) file
an application under the Patent Cooperation Treaty (“PCT”) without limit on designated countries, and (ii) at least five (5) Business Days before any such final deadline, notify the other of the non-PCT country(ies) and/or
region(s), if any, where it reasonably wishes counterpart application(s) claiming filing priority from each such application to be filed. 
 (p) For each patent and patent application listed on Schedule A-1 and Schedule A-6 and listed on the lists attached to Exhibit M and Exhibits N-1 and N-2 for which the deadline for filing
national stage applications based on any application under the PCT occurs between the date of this Agreement and Closing, the relevant of Owens Corning or Saint-Gobain shall, at least five (5) Business Days before any such final
deadline, notify the other of the PCT country(ies) where it reasonably wishes national stage applications based on such PCT application to be filed. 
 (q) Each of Owens Corning and Saint-Gobain undertakes to, or cause its Affiliates to, file the patent applications in the country(ies) or region(s) indicated by the other pursuant to (o) and (p) above, with
each Parent bearing their own costs. 
 (r) Owens Corning, at its option, shall undertake to apply for trademark registrations
for (1) an “OCV” word mark, (2) an OCV logo, and (3) a suitable slogan, for the Company prior to Closing in such countries as the Parties reasonably agree, and shall be reimbursed by the Company after Closing for reasonable
related searching and registration costs. In the event that the Company does not reimburse Owens Corning within ninety (90) days of Company’s receipt from Owens Corning of a written request for such reimbursement, then Saint-Gobain shall
reimburse Owens Corning for forty percent (40%) of such costs, such reimbursement from Saint-Gobain not to exceed fifteen thousand dollars (USD15,000). 
 (s) The Company covenants to maintain the IP Holdcos as wholly-owned Subsidiaries of the Company for as long as Saint-Gobain is a
shareholder of the Company. 
 (t) Saint-Gobain hereby covenants, for itself and its Affiliates, that neither Saint-Gobain nor
any of its Affiliates will, or will grant to any third party any right to, make, have made, use, have used, develop, have developed, improve, have improved, import, have imported, export, have exported, lease, distribute, have distributed, sell, or
have sold any pipes 

  

 55 

 
for water adduction under the patents identified in Exhibit G-7. To avoid any doubt, Owens Corning and its Affiliates and the Company and its
Affiliates hereby acknowledge that Saint-Gobain and its Affiliates shall have the right to pursue and prosecute any action to defend such patents in the field of pipes for water adduction. 
 (u) Neither the Company nor any of its Affiliates shall be entitled, except pursuant to the provisions of the SG Intellectual Property
License Agreements, to file a patent application on any item of Know How of Saint-Gobain that is included in a category of Know How identified on Exhibit G-8 as “R&C/TS” (i.e. as being applicable both to the Reinforcements and
Composites business and to the Textiles Solutions business of Saint Gobain). Notwithstanding the foregoing, Company or any of its Affiliates may file a patent application on any such item of Know How that: (i) the Company and Saint-Gobain agree
is included in SG Contributed Intellectual Property; (ii) is an improvement to, or an invention independently of, any SG Contributed Intellectual Property, SG Third Party Intellectual Property, or SG Licensed Intellectual Property, developed by
Company or its Affiliates, or (iii) is Intellectual Property acquired or licensed from Owens Corning or its Affiliates, or any third party. For the avoidance of doubt, it is specified that the designation of a category of Know How as
“R&C/TS” in Exhibit G-8 shall not be construed as a presumption that every item of Know How in that category constitutes SG Licensed Intellectual Property rather than SG Contributed Intellectual Property. 
 Section 5.11 Financial Statements. On or before March 31, 2007, each Parent shall provide the other Parent with the unaudited consolidating
balance sheet of such Parent’s Business at December 31, 2006 and the unaudited consolidating income statement of such Parent’s Business for the year ended December 31, 2006. Following March 31, 2007 until the Closing Date,
each Parent shall provide to the other Parent, within 45 days of the end of each such Parent’s fiscal quarters, the unaudited consolidating balance sheet of such Parent’s Business as of the close of such fiscal quarter and the unaudited
consolidating income statement of such Parent’s Business for such fiscal quarter. Each Parent agrees that the deliverables provided by such Parent under this Section 5.11 will be prepared in all material respects in accordance with U.S.
GAAP or IFRS (as applicable) and will present fairly, in all material respects, the assets, liabilities, financial condition, the results of operations of such Parent’s Business at, and for the year ended December 31, 2006 and the
applicable fiscal quarter then ended (as the case may be). 
 ARTICLE VI 
 FURTHER COVENANTS AND AGREEMENTS OF THE PARTIES 
 Section 6.01 Further
Assurances. Subject to the terms and conditions of this Agreement, each Party shall use reasonable commercial efforts to take, or cause to be taken, all actions and to do, or cause to be done, all things necessary or reasonably desirable under
Applicable Law, to consummate or implement the Contemplated Transactions, including providing information reasonably requested by other Persons necessary for such Persons to evaluate whether to consent to the assignment of any Contracts, licenses or
permits or related rights or obligations. The Parties shall execute and deliver, and shall cause their respective Affiliates, as appropriate or required as the case may be, to execute and deliver, such other documents, certificates, agreements and
other writings and to take such other actions as may be necessary or desirable to consummate or implement the Contemplated Transactions. Except as otherwise expressly set 

  

 56 

 
forth in the Transaction Documents, nothing in this Section 6.01 or elsewhere in the Transaction Documents shall require any Party or any of their
respective Affiliates to make any payments or issue any guarantee or other Financial Support Arrangements in order to obtain any consents or approvals necessary or desirable in connection with the consummation of the Contemplated Transactions.

 Section 6.02 Certain Filings; Consents. The Parties shall cooperate with each other (a) in determining whether any action by
or in respect of, or filing with, any Governmental Authority is required, or any actions, consents, approvals or waivers are required to be obtained in respect of any Contracts, licenses or permits in connection with the consummation of the
Contemplated Transactions and (b) subject to the terms and conditions of this Agreement, in taking any such actions or making any such filings, furnishing information required in connection therewith and seeking timely to obtain any such
actions, consents, approvals or waivers. 
 Section 6.03 Public Announcements. On the date of execution and delivery of this
Agreement, the Parents shall issue a joint press release in the form mutually agreed by the Parents, such agreement not to be unreasonable withheld Prior to the Closing, the Parties shall not (and shall not permit any Affiliate to) issue any press
release or make any public statement with respect to this Agreement or any of the Contemplated Transactions, except as may be required by Applicable Law or any listing agreement with any securities exchange on which its securities are traded, in
which case no Party shall issue any such press release or make any such public statement without the prior written consent of the other Parties (to the extent reasonably practicable) and without complying with Applicable Law. Notwithstanding the
foregoing, no provision of this Agreement shall (a) relieve either Parent from any of its obligations under the Non-Disclosure Agreement or (b) terminate any of the restrictions imposed upon the Parties by Section 5.03. 
  

 57 

 Section 6.04 Antitrust or Competition Law Matters. 
 (a) Parents shall, as promptly as practicable and before the expiration of any relevant legal deadline, file with any Governmental
Authority, any filings, reports, information and documentation required for the transactions contemplated hereby pursuant to any Antitrust or Competition Law as set forth in Schedule 6.04. Parents shall, as promptly as practicable respond, to
any request for information and documents or compulsory process from any Governmental Authority, including inter alia a request for additional information and documents under the Hart-Scott-Rodino Antitrust Improvement Act, as amended. Parents shall
furnish to each other’s counsel such necessary information and reasonable assistance as the other may request in connection with its preparation of any filing or submission that is necessary under any Antitrust or Competition Law or requested
by any Governmental Authority. To the extent that a merger filing may be required under Turkish laws, the Parties agree that a filing will be made as soon as all relevant documents have been translated to allow a complete filing and that they will
not take any action outside of the ordinary course of business or as otherwise permitted by this Agreement that would change the manner in which the parties conduct business in the territory of the Republic of Turkey until clearance is received from
the Turkish Competition Authority. Parents shall share equally in all filing and other similar fees payable in connection with such filings, including local counsel fees, it being understood that such local counsel fees shall include the fees
allocated by Saint-Gobain for in-house legal support as previously agreed in writing between the Parties. 
 (b) Parents shall
use their commercially reasonable efforts to (i) obtain promptly any clearance or approval required under any Antitrust or Competition Law for the consummation of this Agreement and the transactions contemplated hereby, (ii) close or have
closed any investigation by any Governmental Authority relating to the transactions contemplated in this Agreement, and shall keep each other apprised of the status of any communications with, and any inquiries or requests for additional information
from, the U.S. Federal Trade Commission and the U.S. Department of Justice, the European Commission, and other Governmental Authority and shall comply promptly with any such inquiry or request. The Parents shall consult with each other on whether to
contest together, administratively or in court, any ruling, order or other action of any Governmental Authority in respect of the transactions contemplated by this Agreement. In the event that one Party decides to contest such ruling, order or
action on its own, the other Party shall be obligated to provide the Party initiating the contest with all reasonable assistance in the conduct of such contest. 
 (c) The Parents commit to instruct their respective counsel to cooperate with each other and use commercially reasonable efforts to
facilitate and expedite the identification and resolution of any issues and, consequently, the expiration of the applicable waiting period and the waiting periods, approvals or clearances under any Antitrust or Competition Law or the conclusion of
any investigation by any Governmental Authority at the earliest practicable dates. Said commercially reasonable efforts include, but are not limited to, exchanging information and proving such other assistance reasonably necessary to obtain
approvals and clearances under any Antitrust or Competition Law. Furthermore, each Parent to this Agreement shall promptly notify the other Parent of any oral or written communication it receives from any Governmental Authority relating to the
matters that are the subject of this Agreement, permit the other Parent to review in advance any communications proposed to be made by such other Parent to any 

  

 58 

 
Governmental Authority and shall provide the other party with copies of all correspondence, filings or other communications to and from any Governmental
Authority. Each Parent to this Agreement shall not agree to participate in any meeting with any Governmental Authority in respect to any such filings, investigations or other inquiry unless it consults with the other Parent in advance and, to the
extent permitted by such Governmental Authority, gives the other Parent the opportunity to attend and participate in such meetings. It is nevertheless understood that Owens Corning and its counsel will take the lead on all communications with any
Governmental Authority. 
 Section 6.05 Agreements Regarding Tax Matters. 
 (a) Each Parent shall (i) provide the Company with such assistance as may be reasonably requested in connection with the preparation
of any Tax Return or any audit or other examination by any Tax Authority or proceeding involving any Governmental Authority relating to liability for Taxes, (ii) retain for a period of six years following the end of the calendar year in which
the Closing occurs, or if longer, the period required by applicable Tax law, and provide to the Company all records and other information that may be relevant to any such Tax Return, audit or examination, proceeding or determination, and
(iii) provide the Company with a copy of any final determination of any such audit or examination, proceeding or determination that affects any amount required to be shown on any Tax Return of the Company or any of its Subsidiaries for any
period. Without limiting the generality of the foregoing, each Parent shall retain, until the expiration of the applicable statutes of limitation (including any extensions thereof), or if longer, the period required by applicable Tax law, copies of
all Tax Returns, supporting work schedules and other records (including any other documents or information required to be retained in accordance with applicable Tax law) relating to Tax periods or portions thereof ending on or prior to the Closing
Date that concern the Contributed Assets, the Contributed Subsidiaries or the Assumed Liabilities. In furtherance of the foregoing, each Parent shall provide any information reasonably required by the Company for Tax purposes and shall cooperate
with the Company with respect to matters relating to the intended Tax treatment of the Company, the Parents and their respective Affiliates (including without limitation with respect to any information reporting or gain recognition agreement
obligations that the Parents, the Company or their respective Subsidiaries may have as a result of or in connection with the transactions contemplated under this Agreement). 
 (b) The Parents agree that the transactions contemplated by this Agreement constitute a disposition of a trade or business within the
meaning of Section 41(f)(3) of the Code. The Parents will provide to the Company upon request all information necessary to permit the Company to apply the provisions of Section 41(f)(3)(A) of the Code. 
 (c) The Company shall timely prepare all Tax Returns with respect to the Company and the Contributed Subsidiaries for any Tax period
beginning before and ending after the Closing Date (a “Straddle Period”) and all Tax Returns for any Tax period ending on or before the Closing Date (a “Pre-Closing Period”) that is to be filed after the Closing
Date and, with the prior written consent of the Parent that contributed the Contributed Subsidiary relating to each such Tax Return (which consent shall not be unreasonably withheld or delayed), shall file or cause to be filed such Tax Returns. SG
Parent acknowledges and agrees that Tax Returns prepared by the Company pursuant to this Section 6.05(c) may include, at the discretion of the 

  

 59 

 
Company, United States federal (and applicable state and local) Tax Returns of SG Contributed Subsidiaries for Pre-Closing Periods reflecting the election of
a tax year for United States federal (and applicable state and local) Tax purposes that ends on the day prior to the Closing Date; provided (i) such elections do not require any such SG Contributed Subsidiaries to change their reporting period
for any purposes other than United States tax purposes (including financial accounting and non-US tax purposes), (ii) the Company has reasonably determined that such elections are permitted under applicable law and (iii) such elections are
not reasonably expected to materially increase the United States tax liability of any of the SG Contributed Subsidiaries or of Saint-Gobain or of any of their Affiliates. 
 (d) The Company shall pay or cause to be paid all Taxes with respect to the Company, the Contributed Assets and the Contributed
Subsidiaries shown as due on the Tax Returns filed for a Straddle Period or a Pre-Closing Period pursuant to Section 6.05(c); provided, that each Parent shall be liable for and shall reimburse the Company for any such Taxes attributable
to the portion of such Straddle Period beginning before and ending as of the Closing Date or to a Pre-Closing Period (including Taxes resulting from the transactions contemplated by this Agreement but, except as provided in Section 13.03, not
including transfer, stamp, registration, sales, use, value added and similar Taxes imposed with respect to the Parents’ Reorganizations or the contributions contemplated by Article III) and attributable to such Parent’s Contributed
Subsidiaries (except to the extent that such Taxes were taking into account as a liability in calculating Adjusted Net Working Capital). For this purpose, any Tax that becomes due after the Closing Date by reason of an action of the Company with
respect to any unrecognized gain (whether or not realized) in the Contributed Assets or Contributed Subsidiaries (including the Company’s failure to use them in the manner described in Treas. Reg. Section 1.367(e)-2(b)(2)(i)(E)((i)) shall
not be treated as Tax attributable to a Pre-Closing Period of the portion of a Straddle Period ending before the Closing Date. Any Taxes arising from or with respect to the Contributed Subsidiaries or the Business for a Straddle Period shall be
apportioned between the Company and the appropriate Parent by allocating real and personal property taxes between such Parent and the Company based on the ratio of the number of days in the Straddle Period occurring before the Closing Date to the
number of days in the Straddle Period occurring on or after the Closing Date and by assuming, with respect to all other Taxes, that the Contributed Subsidiary or Business had a tax period that ended at the close of business on the day immediately
prior to the Closing Date and closed its books as of that time. The Company shall reimburse the appropriate Parent for any such Taxes paid by the Parents for which the Company is liable pursuant to this Section 6.05(d). 
 (e)Each Parent shall be liable for, and shall hold harmless and indemnify the other Parent, the Company and its Subsidiaries (including
the Contributed Subsidiaries) against, Taxes (and related Damages) imposed on the other Parent, the Company, any of its Subsidiaries or the Contributed Assets that are attributable to such Parent’s Contributed Subsidiaries and to the portion of
a Straddle Period beginning before or on and ending as of the Closing Date or to a Pre-Closing Period (excluding Taxes taken into account as a liability in calculating such Parent’s Adjusted Net Working Capital and taking into account any
resulting actual refund or reduction in liability for Taxes imposed on the Company or any of its Subsidiaries attributable to the portion of the Straddle Period beginning before and ending as of the Closing Date or to a Pre-Closing Period). For the
avoidance of doubt, each Parent’s indemnification obligation under this Section 

  

 60 

 
6.05(e) shall include any Taxes imposed as a result of a later audit or examination or required by law and shall not be subject to the Indemnity Caps or the
Indemnity Threshold. 
 (f) The Company shall engage one or more independent accounting firms of national reputation in the
applicable jurisdictions to assist in the preparation of the Tax Returns of the Company and its Subsidiaries. 
 (g) The
following procedures shall apply with respect to any written claim with respect to Taxes made by any Governmental Authority or other Person that, if pursued successfully, could serve as the basis for a claim for indemnification of the Company or its
Subsidiaries under this Agreement (a “Tax Claim”): 
 (i) If any Governmental Authority or other Person
asserts a Tax Claim, if the party hereto first receiving notice of such Tax Claim is the Company or its Subsidiaries, than the Company shall within 10 days of receipt provide written notice of such Tax Claim to the party hereunder that would be
required to indemnify the Company hereunder in respect of such Tax (the “Tax Indemnifying Party”), and if the party hereto first receiving notice of such Tax Claim is the Tax Indemnifying Party, then such Tax Indemnifying Party
shall promptly provide written notice of such Tax Claim to the Company. Such notice in each case shall specify in reasonable detail the basis for such Tax Claim and shall include a copy of any relevant correspondence received from the Governmental
Authority or other Person. 
 (ii) The Company shall control the defense and prosecution of all Tax Claims. The Tax
Indemnifying Party shall cooperate in good faith with the Company and its authorized representatives in order to contest effectively such Tax Claim. The Company shall inform the Tax Indemnifying Party of all developments and events relating to such
Tax Claim (including providing to Tax Indemnifying Party copies of all written materials relating to such Tax Claim), and Tax Indemnifying Party or its authorized representatives shall be entitled, at the expense of Tax Indemnifying Party, to attend
and participate in, but not control, all conferences, meetings and proceedings relating to such Tax Claim. The Company shall provide the Tax Indemnifying Party drafts of all written submissions relating to such Tax Claims in advance for comment and
review. 
 (iii) The Company shall not enter into any compromise or settlement of such Tax Claim that would result in any Tax
detriment to the Tax Indemnifying Party without the consent of such party, such consent not to be unreasonably withheld or delayed; provided however that if in any case such consent is not granted, the Company may elect to enter into such compromise
or settlement of such Tax Claim notwithstanding, if it obtains advice from an expert on taxation for the jurisdiction in question of national standing in the relevant jurisdiction to the effect that the compromise or settlement is in the best
interests of both the Company and the Tax Indemnifying Party. 
 (h) The Company shall, at the request of SG Topco, following
the reasonable determination of Saint Gobain that gain realized for US federal income tax purposes as a result of the conversion of the SG Contributed Subsidiary holding the SG Contributed Assets located in the United States to a disregarded entity
for such purposes qualifies for non-recognition taking into account the provisions of Sections 332 and 367(e)(2) of the Code cause an authorized officer 

  

 61 

 
of the Company to sign the statement referred to in Treas. Reg. Section 1.367(e)-2(b)(2)(i)(E)(5)(ii) with respect to the SG Contributed Assets located
in the United States, in form and substance reasonably acceptable to the Company (it being understood that the Company in evaluating the substance of such statement may require an independent valuation or other equivalent valuation information
regarding the value of assets reported thereon). 
 Section 6.06 Administration of Accounts. All payments and reimbursements received
by either Parent or their respective Affiliates after the Closing Date that would have been payable to a Contributed Subsidiary prior to the Closing Date shall be promptly paid over to the Company without right of set-off. All payments and
reimbursements that constitute Excluded Assets or relate to an Excluded Liability received by the Company after the Closing Date shall be promptly paid over to applicable Parent without right of set-off. 
 Section 6.07 Undisclosed Contracts. Promptly after the date hereof, subject to Applicable Law, each of Owens Corning and Saint-Gobain shall, with
respect to each of the Contracts of its Business that contain confidentiality or non-disclosure provisions requiring the specific approval of customers or other Persons for disclosure of the terms thereof (the “Undisclosed
Contracts”), use reasonable commercial efforts to obtain the approval of customers or other Persons as necessary to enable (i) each Parent and its Representatives to conduct a review of the Undisclosed Contracts of the other
Parent’s Business to which such Parent shall have been denied access prior to the date hereof, and (ii) the Company to conduct the Business from and after the Closing Date. Upon receiving the approvals of customers or other Persons, as the
case may be, as contemplated by the preceding clause (i), each Parent shall permit the other Parent’s Representatives to conduct a review of such Undisclosed Contracts, subject to the terms and conditions of the approvals, the provisions of the
Confidentiality Agreement and the provisions of Applicable Law. 
 Section 6.08 No Transfer or Assumption of Asbestos Liabilities. No
Party, nor any Contributed Subsidiary or Existing JV, is (as result of this Agreement or any of the transactions contemplated hereby) assuming or responsible for any liabilities or obligations (under any legal theory or cause of action, including
without limitation, based on theories of fraudulent conveyance, successor liability or piercing the corporate veil) arising out of, resulting from or related to, any Asbestos Materials or Asbestos Laws, arising out of or relating in any manner to,
any other Party and/or any of its current or former divisions or Affiliates (or any of their respective predecessors) or any of their respective current or former operations, transactions, activities, conditions, occurrences, acts or omissions.

 Section 6.09 Affiliate Agreements. Except as expressly contemplated by the Transaction Documents, (i) Owens Corning shall
cause all agreements between an OC Contributed Subsidiary and any Affiliate thereof (other than another OC Contributed Subsidiary) to be terminated prior to the Closing and (ii) Saint-Gobain shall cause all agreements between an SG Contributed
Subsidiary and any Affiliate thereof (other than another SG Contributed Subsidiary)to be terminated prior to the Closing. 
 Section 6.10
Disclosure of Missing Documents. Saint-Gobain shall, within ten days following the date hereof, provide a true and correct copy of (i) each item marked as “Within 10 

  

 62 

 
days of Signing” on Schedule 6.10 attached hereto and (ii) each contract listed Schedule 4.02(w) to Owens Corning. 
 ARTICLE VII 
 INTENTIONALLY OMITTED

 ARTICLE VIII 
 EMPLOYEE AND EMPLOYEE BENEFIT MATTERS 
 Section 8.01 Employee and Employee Benefit Matters. The Parties agree as to
employee and employee benefit matters as set forth below: 
 (a) Employment of Business Employees. As of the Closing
Date, the Parents shall cause the Company and its Subsidiaries to (i) continue to employ (where employment continues automatically by operation of law) on the Closing Date, or (ii) offer employment (where employment does not continue
automatically by operation of law) as of the Closing Date to, each Business Employee who is actively employed immediately prior to the Closing Date (the employees described in clauses (i) and (ii) who continue employment with the Company
or its Subsidiaries or accept such offers of employment with the Company or its Subsidiaries will be referred to as the “Company Employees”). The Company also shall, or shall cause its Subsidiaries to, continue to employ (where
employment continues automatically by operation of law) or offer re-instatement or employment (where employment does not continue automatically by operation of law), as the case may be, to each Business Employee who is not actively employed
immediately prior to the Closing Date and who has a right of re-instatement (collectively, “Inactive Employees”), in each case on return from any leave or other absence to the extent the Parents or their respective Affiliates would
have been required immediately prior to the Closing Date to reinstate such Inactive Employee pursuant to Applicable Law or any applicable Parent policy (pursuant to the terms of such policy as in effect as of the date hereof). A list of Inactive
Employees as of February 1, 2007 is set forth on Schedule 8.01(a). Such list shall be updated by the Parents as of the Closing Date. Any Inactive Employee who returns to active employment or becomes actively employed by the Company or
its Subsidiaries upon conclusion of his or her leave or absence as set forth in this Section 8.01(a) shall be treated as a Company Employee upon his or her return to active employment with the Company or its Subsidiaries. Business Employees who
do not become actively employed by the Company or its Subsidiaries shall not be considered Company Employees under this Agreement, and the Company or its Subsidiaries shall have no obligations or liability with respect to such employees except for
any benefits payable under any Transferred DB Plans as described in this Article VIII. For such employees, any and all employment-related obligations and liabilities (except for any benefits payable under any Transferred DB Plans as described in
this Article VIII) shall remain with the applicable Parent or its Affiliates (other than the Company and its Subsidiaries). 
 (b) Terms and Conditions of Employment. For all hourly and salaried Company Employees who are not covered by a collective bargaining agreement that covers the terms and conditions of employment and that will be assumed by the Company
as of the Closing Date, except where Applicable Law provides otherwise, the Company shall, or shall cause its 

  

 63 

 
Subsidiaries to, initially offer wages (including participation in variable compensation plans), hours, benefits and other terms and conditions of employment
that are comparable in the aggregate (except for equity compensation) to the wages, hours, benefits and other terms and conditions of employment that were provided to such employees by Owens Corning and Saint-Gobain and/or their Affiliates
immediately prior to the Closing Date; provided, however, the base salary, work location, and any other applicable benefits to be offered to Company Employees shall be such that the formation of the Company and/or transfer of employment to the
Company or any of its Subsidiaries should not result in the entitlement to severance benefits under any plan of the Parents or their Affiliates or Applicable Law. Subject to the requirement in the preceding sentence regarding the avoidance of
triggering severance payments, the Company shall have the sole discretion to determine the wages, employee benefits and terms of employment to be provided to Company Employees; provided, however, the intended employee benefits to be initially
provided to the Company Employees shall include those provided through: the Transferred DB Plans, Transferred DC Plans, Retained DB Plans, Retained DC Plans, Risk Plans and new stand-alone plans as set out in Schedule 8.01(b) (collectively,
the “Benefit Schedules”). Notwithstanding the foregoing, where the Benefit Schedules specifically state that a “Special Treatment/Exception” shall apply, the terms of such schedule shall control. The Parties agree that, in
any jurisdiction, the Company and its Subsidiaries will after the Closing Date either: (i) endeavor to participate in the Retained Plans, as applicable, (ii) assume responsibility for the Transferred Plans, as applicable, or
(iii) shall establish or not establish new stand-alone plans, as applicable. In the event that the Company offers to enter into an individual arrangement with a Company Employee, then the Company Employee may choose to enter into such
arrangement in lieu of receiving the compensation and benefits specified above. 
 (c) Employees Representative
Agreements. As of the Closing Date, the Company shall, or shall cause its Subsidiaries, consistent with Applicable Law, to (i) continue to give effect to any collective bargaining agreement or similar agreement (where the agreement
continues automatically by operation of law) that covers Company Employees to the extent required by Applicable Law and to the same extent the respective Parents and their Affiliates were required to do so, or (ii) except as otherwise expressly
agreed upon by the Parents, initially assume all rights, obligations and liabilities under any collective bargaining agreement or similar agreement (where the agreement does not continue automatically by operation of law) that covers Company
Employees, and to recognize and bargain in good faith with any union that has been certified or recognized as the collective bargaining representative of Company Employees who are employed by the Company and/or its Subsidiaries. The Parents and
their Affiliates and the Company and its Subsidiaries shall cooperate and take all necessary steps and fulfill all of their respective obligations under Applicable Law and the terms of any applicable agreement, including obtaining any prior
approvals or consents, or engaging in any prior discussions or consultations, on a timely basis, as may be legally required in order to effectuate the foregoing. 
 (d) Credit for Service. The Company shall, or shall cause its Subsidiaries to, credit Company Employees for service earned prior to
the Closing Date with the Parents and their Affiliates, or any of their respective predecessors members of the Parent group of companies, in addition to service earned with the Company and its Subsidiaries on or after the Closing Date, (i) to
the extent that service is relevant for purposes of eligibility, vesting or the calculation of vacation, sick days, severance, layoff and similar benefits under any retirement (other than benefit accrual purposes with respect to Transferred DB
Plans) or other employee 

  

 64 

 
benefit plan, program or arrangement of the Company or any of its Subsidiaries for the benefit of the Company Employees on or after the Closing Date, and
(ii) for such additional purposes as may be required by Applicable Law; provided, however, that (A) the service that is credited pursuant to this Section 8.01(d) may not be greater than the service credited for the
applicable purpose by the Parent and its Affiliates immediately prior to Closing Date, and (B) Company Employees shall not receive any such service credit (1) where it would result in duplication of benefits, or (2) in excess of the
amount permitted under Applicable Law. 
 If Company Employees participate in a Retained Plan sponsored by a Parent or any of
its Affiliates (other than the Company or its Subsidiaries), on or after the Closing Date, the Parent shall, or cause its Affiliates to, credit such Company Employees with service earned on and after the Closing Date with the Company and its
Subsidiaries (and any of their successors) for purposes of vesting and eligibility and to recognize the effect of future pay increases applicable in such plan; provided, however, that Company Employees shall not receive any such
service credit where it results in a duplication of benefits. 
 (e) Pre-existing Conditions; Coordination. Where
applicable, the Company shall, or shall cause its Subsidiaries to, waive limitations on benefits relating to any pre-existing conditions of the Company Employees and their eligible dependents to the extent that such limitations were waived under the
applicable OC Benefit Plan or SG Benefit Plan. Where applicable, the Company shall, and shall cause its Subsidiaries to, recognize for purposes of annual deductible and out-of-pocket limits under their health plans applicable to Company Employees,
deductible and out-of-pocket expenses paid by Company Employees and their respective dependents under the Parents’ or any of their Affiliates’ health plans in the calendar year in which the Closing Date occurs to the extent that the
respective Parents, as applicable, provide the Parents and the Company as of the Closing Date with detailed information as to the amount of such deductible and out-of-pocket expenses paid by the Company Employees. 
 Section 8.02 Allocation of Pre-Closing Employment Liability. Owens Corning and its Affiliates (other than the Company and its Subsidiaries) shall,
other than with respect to (i) Retirement Benefits and Risk Benefits provided in Section 8.04 and Section 8.05 and (ii) any employment or benefit litigation arising out of claims alleging discrimination, be responsible for any
and all employment-related obligations and liabilities (including but not limited to wages, bonuses, commissions, vacation, leave, employee benefits, severance, and other compensation), for OC Employees incurred prior to the Closing Date, or arising
out of conduct by Owens Corning or its Affiliates first occurring prior to the Closing Date, to the extent it is related to the period up to the Closing Date, under any Applicable Laws, regulations, collective bargaining agreements, or other
agreements, or imposed by any administrative, judicial, or governmental body. Saint-Gobain or its Affiliates (other than the Company and its Subsidiaries) shall, other than in relation to (i) Retirement Benefits and Risk Benefits provided in
Section 8.04 and Section 8.05 and (ii) any employment or benefit litigation arising out of claims alleging discrimination, be responsible for any and all employment-related obligations and liabilities (including but not limited to
wages, bonuses, commissions, vacation, leave, employee benefits, severance, and other compensation), for SG Employees incurred prior to the Closing Date, or arising out of conduct by Saint-Gobain or its Affiliates first occurring prior to the
Closing Date, to the extent it is related to the period up to the Closing Date, under any Applicable Laws, regulations, 

  

 65 

 
collective bargaining agreements, or other agreements, or imposed by any administrative, judicial, or governmental body. 
 Section 8.03 Allocation of Post-Closing Employment Liability. The Company or its Subsidiaries shall be responsible for any and all
employment-related obligations and liabilities for Company Employees not covered by (i) Section 8.02 or (ii) the Retirement Benefits and Risk Benefits provided in Section 8.04 and Section 8.05, provided, however, that the
Company shall not be responsible for any strike or strike-related conduct by employees of the Business prior to the Closing Date. 
 Section
8.04 Allocation of Retirement Benefit Liabilities. 
 (a) Liabilities for Transferred DB Plans. 
 (i) The Parties agree that the sponsorship, obligations, and liabilities in respect of the Transferred DB Plans will be transferred to and
assumed by the Company or any of its Subsidiaries with effect on and from the Closing Date by operation of Applicable Law or by the transactions contemplated by this Agreement. 
 (ii) 
 (A)
For each Transferred DB Plan that was sponsored by Owens Corning or its Affiliates immediately prior to Closing (the “OC Transferred DB Plans”), Owens Corning’s actuary (the “OC Actuary”) and
Saint-Gobain’s actuary (the “SG Actuary,” together with the OC Actuary, the “Actuaries”) shall determine within 60 days of the Closing Date the value of the projected benefit obligation of such OC Transferred
DB Plan based on a FAS/IAS methodology and on the actuarial assumptions set forth on the applicable Benefit Schedule and the market value of the assets of each such Transferred DB Plan as of the Closing Date. For each Transferred DB Plan that was
sponsored by Saint-Gobain or its Affiliates immediately prior to Closing (the “SG Transferred DB Plans”), the Actuaries shall determine within 60 days of the Closing Date the value of the projected benefit obligation of such SG
Transferred DB Plan based on a FAS/IAS methodology and on the actuarial assumptions set forth on the applicable Benefit Schedule and the market value of the assets of each such Transferred DB Plan as of the Closing Date. The excess of the value of
the projected benefit obligation of a Transferred DB Plan over the current value of the assets of such Transferred DB Plan as of the Closing Date constitutes the “Unfunded Liabilities” of such Transferred DB Plan. Within 60 days
after the Closing Date, the Actuaries shall determine the aggregate Unfunded Liabilities for all the OC Transferred DB Plans (the “OC Pre-Close Unfunded Liabilities”) and the aggregate Unfunded Liabilities for all the SG Transferred
DB Plans (the “SG Pre-Close Unfunded Liabilities”). 
 (B) The OC Pre-Close Unfunded Liabilities and SG
Pre-Close Unfunded Liabilities shall be adjusted as determined by the Actuaries in accordance with the methodology as set forth in Schedule 8.04(a)(ii)(B) within 60 days following: (i) the end of each calendar year prior to the
termination of the Joint Venture, and (ii) the termination of the Joint Venture, taking into account any contributions made to a Transferred DB Plan and any benefit payments made to a Company Employee directly by the Company or its Subsidiaries
with 

  

 66 

 
respect to a Transferred DB Plan in the relevant period. Such adjusted amounts shall be referred to as the “Adjusted OC Pre-Close Unfunded
Liabilities” and the “Adjusted SG Pre-Close Unfunded Liabilities”, as applicable. 
 (C) Each time
that an adjustment is made to the OC Pre-Close Unfunded Liabilities and SG Pre-Close Unfunded Liabilities in accordance with Section 8.04(a)(ii)(B) above in respect of payments made to fund a Transferred DB Plan or benefit payments to a Company
Employee directly by the Company or its Subsidiaries with respect to a Transferred DB Plan, an allocation of the portion of each such payment that will be charged to the applicable Parent shall be made by the Actuaries based on the percentage of
such payment that is attributable to the pre-closing service in accordance with the methodology set forth in Schedule 8.04(a)(ii)(B). The amount chargeable under this Section 8.04(a)(ii)(C) to a Parent shall be contributed by the
applicable Parent in cash to the Company if such payment would not result in a Tax to the Company, or its Subsidiaries or Parent or its Affiliates or loss of Tax deduction which the Company, or its Subsidiaries or Parent or its Affiliates would have
received if payment had been made directly by Parent for such benefits or contributions, or shall be accounted for as an OC Shortfall Shareholder Loan or SG Shortfall Shareholder Loan, as applicable, pursuant to Section 3.05. 
 (D) Each time that the Actuaries are required to make a determination hereunder, the Parents shall instruct the Actuaries to use all
reasonable efforts to reach mutual agreement as to the determination that is to be made. Saint-Gobain shall make available to the Owens Corning Actuary all information reasonably required by the Owens Corning Actuary to verify the Saint-Gobain
Actuary’s calculations. Owens Corning shall make available to the Saint-Gobain Actuary all information reasonably required by the Saint-Gobain Actuary to verify the Owens Corning Actuary’s calculations. The fees and expenses of
Saint-Gobain Actuary shall be paid by Saint-Gobain and those of Owens Corning Actuary shall be paid by Owens Corning. If the Actuaries are not able to reach mutual agreement with respect to any calculation required to be made hereunder by the
Actuaries, then the determination of such calculation shall be referred for a final decision to an independent actuary to be nominated jointly by Saint-Gobain and Owens Corning. The Parties shall request that the actuary so appointed use all
reasonable efforts to make its determination within 10 business days. The person so appointed shall act as an expert and not as an arbitrator, such person’s decision shall be final and binding, and such person’s fees and expenses shall be
shared equally by Saint-Gobain and Owens Corning. 
 (E) During the period from the Closing Date until the termination of the
Joint Venture, the Company and its Subsidiaries will not without the consent of both Parents pay any amounts to fund a Transferred DB Plan in excess of the minimum funding requirements under Applicable Law except with respect to contributions made
to the funded OC Transferred DB Plan in Japan up to the amount of the OC Pre-Close Unfunded Liabilities and Ongoing Service Cost with respect to such plan. 
 (iii) Upon termination of the Joint Venture, in the event that the Adjusted SG Pre-Close Unfunded Liabilities exceed an amount equal to two-thirds of the Adjusted OC Pre-Close Unfunded Liabilities, Saint-Gobain shall
pay to Owens Corning, in USD, within 30 days after the calculation of such amounts are finalized, an amount equal to the 

  

 67 

 
Adjusted SG Pre-Close Unfunded Liabilities minus two-thirds of the Adjusted OC Pre-Close Unfunded Liabilities, or if the payment date of the Exit Price of
the Option under the Option Agreement has not yet occurred, such amount shall be considered a reduction in the Exit Price as set forth in the Option Agreement (the “SG Pension Exit Price Adjustment”). In the event that the Adjusted
SG Pre-Close Unfunded Liabilities is less than an amount equal to two-thirds of the Adjusted OC Pre-Close Unfunded Liabilities, Owens Corning shall pay to Saint-Gobain, in USD, within 30 days after the calculation of such amounts are finalized, an
amount equal to two-thirds of the Adjusted OC Pre-Close Unfunded Liabilities minus the Adjusted SG Pre-Close Unfunded Liabilities, or if the payment date of the Exit Price of the Option under the Option Agreement has not yet occurred, such amount
shall be considered an increase in the Exit Price as set forth in the Option Agreement (the “OC Pension Exit Price Adjustment”). 
 (b) Liabilities for Transferred DC Plans. The Parties agree that the sponsorship, obligations, and liabilities in respect of the Transferred DC Plans will be transferred to and assumed by the Company or any of
its Subsidiaries with effect on and from the Closing Date by operation of Applicable Law or by the transactions contemplated by this Agreement. 
 (c)Consents for Transferred Plans. The Parties shall use their best reasonable efforts to obtain as soon as practicable and in close consultation (if requested) with the Company or its Subsidiaries, any
applicable consents, consultations and approvals required by Applicable Law to transfer or caused to be transferred to the Company or any of its Affiliates the liabilities and assets of the Transferred Plans, including but not limited to the
consent, consultation and approval of any applicable works council, Company Employee, Governmental Authority, trustee, insurer, or other entity involved in the management of such plan. Notwithstanding the foregoing, in the event that Applicable Law
expressly prohibits the transfer of plan assets for the benefit of any Company Employee, even with appropriate consents, consultations, and approvals like those described above, the parties agree that they shall in good faith cooperate and work with
each other to take such actions as are permissible under such Applicable Law or practice to carry out to the fullest extent possible the spirit and purposes of such provision. 
 (d) Liabilities for Retained DB Plans in which Company participates post Closing. 
 (i) Owens Corning or any of its Affiliates or Saint-Gobain or any of its Affiliates, as applicable, shall bear any pre-Closing liabilities
associated with any Retained DB Plans where the Company or any of its Subsidiaries are admitted to participate in such plan with effect on and from the Closing Date in respect of the Company Employees that are affected by post-Closing events (e.g.
– future pay increases, or service counting towards eligibility for subsidized benefits, plan amendments) save that the Company or any of its Subsidiaries shall bear the costs of any such pre-Closing liabilities that are increased by a
collective dismissal procedure implemented by the Company or by the relevant Subsidiary thereof. The Company shall notify the Parents in advance of planned pay increases and other anticipated events affecting liabilities in any such Retained DB
Plans, as applicable. 
 (ii) If Company Employees participate in a Retained Benefit Plan sponsored by Owens Corning or any of
its Affiliates (other than the Company or its 

  

 68 

 
Subsidiaries), or Saint-Gobain or any of its Affiliates (other than the Company or its Subsidiaries) (in either case, the “Sponsoring
Entity”), as the case may be, on or after the Closing Date, the annual calendar year cost (“Annual Cost”) to be charged to the Company with respect to such participation shall equal (i) the Ongoing Service Cost, as
applicable, plus or minus (ii) the increase or decrease in the projected benefit obligation in respect of all service credited under the plan for Company Employees or retirees affected by a collective dismissal procedure implemented by the
Company or by one of its Subsidiaries. The Company or its relevant Subsidiary shall pay, or otherwise credit in a tax advantageous manner, the Annual Cost in full to the Sponsoring Entity by the end of the applicable calendar year. In the event any
Annual Cost is unpaid, or otherwise not credited, as of the start of a year, an additional annual charge (“Additional Annual Charge”) will be imposed on the Company or its relevant Subsidiary that will consist of (a) the
interest cost on accumulated unpaid Annual Costs since the establishment of the Company or its relevant Subsidiary, and (b) a prorata share of any annual FAS 87 or FAS 106 gain/loss amortization, based on the ratio of accumulated unpaid Annual
Costs of the Company or its relevant Subsidiary since the establishment of the Company or the relevant Subsidiary to the plan’s total projected benefit obligation. 
 (e) Liabilities for Retained DC Plans in which the Company participates post Closing. The Parties agree that where the Company or
any of its Subsidiaries are admitted to participate in a Retained DC Plan with effect on and from the Closing Date in respect of the Company Employees the Company or any of its Subsidiaries, as applicable, shall pay such contributions to the
relevant Retained DC Plan representing contributions made by or on behalf of the Company Employees and shall pay any expenses to such plan on the same basis that applies to other participating employers from time to time. 
 (f) Liabilities for Retained Plans in which the Company does not participate post Closing. The Parties agree that where the Company
or any of its Subsidiaries do not participate in the Retained Plans on and from the Closing Date the sponsorship, obligations, and pre-Closing liabilities in respect of such plan will be retained by the relevant Parent or any of its Affiliates by
operation of Applicable Law or by the transactions contemplated by this Agreement. Each Parent, as applicable, shall take all appropriate and necessary actions to effectuate the foregoing. 
 Section 8.05 Allocation of Risk Benefit Liabilities. The Parties agree that if a liability or cost attributable to a Risk Plan or a workers
compensation claim is attributable to a single event, a series of events, or a prolonged event that occurs only prior to the Closing Date, then the applicable Parent or any of its applicable Affiliates (other than the Company and its Subsidiaries)
shall be responsible for that liability or cost even if the claim is filed post-Closing. The Parties agree that if a liability or cost attributable to a Risk Plan or a workers compensation claim is attributable to a series of events or a prolonged
event covering both the pre-Closing and post-Closing period, the Company and any of its Subsidiaries shall be responsible for such liability or cost. Moreover, the Company and any of its Subsidiaries shall be responsible for the liabilities or costs
in respect of the Risk Plans and workers compensation claims attributable to a single event that occurs on or after the Closing Date. 
 Section 8.06 Employees Consultation and Notification. Prior to the Closing Date, Owens Corning and its Subsidiaries shall, and shall cause its respective managers, agents and 

  

 69 

 
representatives to, comply with all requirements under applicable labor and employment Laws of the applicable jurisdictions and any collective bargaining
agreements applicable to the employees of Owens Corning’s Business to inform, and/or consult with, the relevant unions and local works councils of Owens Corning and its Subsidiaries and to satisfy other employees’ or employee
representatives’ consultation or notification requirements, in each case in connection with the transaction contemplated hereby. Prior to the Closing Date, Saint-Gobain and its Subsidiaries shall, and shall cause their respective managers,
agents and representatives to, comply with all requirements under applicable labor and employment Laws of the applicable jurisdictions and any collective bargaining agreements applicable to employees of Saint-Gobain’s Business to inform, and/or
consult with, the relevant unions and local works councils of Saint-Gobain and its Subsidiaries and to satisfy other employees’ or employee representatives’ consultation or notification requirements, in each case in connection with the
transaction contemplated hereby. Prior to the Closing Date, Owens Corning and Saint-Gobain and their respective Subsidiaries shall reasonably cooperate with each other with respect to the provision of information required or desired to be provided
in connection with such information and consultation formalities, and the Parties shall provide each other with a reasonable opportunity to review and comment on any proposed information supplied and to approve any proposed reference to the Company
and/or its business plan. With respect to any notices, consultations, and payments relating to events occurring prior to the Closing Date, the respective Parties shall be responsible for and assume all liability for any and all notices,
consultations, payments, fines or assessments due to any Governmental Authority, employees or otherwise, relating to the employment, discharge, or layoff of employees of the respective Parties before the Closing Date. Likewise, with respect to any
notices, consultations, and payments related to events occurring on or after the Closing Date, the Company and its Subsidiaries shall be responsible for and assume all liability for any and all notices, consultations, payments, fines or assessments
due to any Governmental Authority, employees or otherwise, relating to the employment, discharge, or layoff of Company Employees of the Company and its Subsidiaries on or after the Closing Date. 
 Section 8.07 Cooperation and Assistance. 
 (a) Cooperation of the Company. On and after the Closing Date, the Company shall, and shall cause its Subsidiaries to, cooperate with the Parents to provide, to the extent permitted by Applicable Laws, such
current information regarding the Company Employees and former OC Employees and SG Employees on an ongoing basis as may be reasonably necessary to facilitate determinations of eligibility for, and payments of benefits to, the Company Employees under
the Parent Plans. 
 (b) Cooperation of Parents. On and after the Closing Date, the Parents shall, and shall cause
their Affiliates to, cooperate with the Company to provide, to the extent permitted by Applicable Laws, such current information regarding the Company Employees, Inactive Employees and former OC Employees and SG Employees on an ongoing basis as may
be reasonably necessary to facilitate determinations of eligibility for, and payments of benefits to, the Company Employees under the employee benefit plans of the Company and its Subsidiaries. 
 (c) Consultation with Employee Representative Bodies. The Parties hereto shall, and shall cause their respective Affiliates to,
mutually cooperate in undertaking all 

  

 70 

 
reasonably necessary or legally required provision of information to, or consultations, discussions or negotiations with, employee representative bodies
(including any unions or works councils) which represent employees affected by the transactions contemplated by this Agreement. 
 Section
8.08 Seconded Employees. Each Parent shall, and shall cause its respective Affiliates to, take all necessary steps to ensure that the secondment agreements or arrangements in respect of any employees seconded to either or both of them and
assigned to the Business, can lawfully, and without violating such secondment agreements or arrangements, be transferred or assigned to the Company or its Subsidiaries. In the event that the consent of a third party shall be necessary for the
transfer or assignment of any such secondment agreement or arrangement to the Company or its Subsidiaries, the applicable Parent or its applicable Affiliates shall secure such consent or obtain a waiver of the requirement for such consent. Each
Parent shall, and shall cause its respective Affiliates to ensure that no secondment agreement or arrangement transferred to the Company or its Subsidiaries shall be terminated or cancelled by the Parent or relevant Affiliate, unless otherwise
expressly agreed to in writing by the Company or its Subsidiaries. 
 Section 8.09 Layoffs. From the date of this agreement until the
Closing Date, the Parents shall not, and shall cause their respective Affiliates not to, take any action affecting more than fifty employees engaged in the Business, respectively, that would constitute a mass layoff, a mass termination, or a plant
closing and which would trigger notice requirements or liability under any Applicable Law concerning reductions in force or any similar law, in any of the applicable jurisdictions. 
 Section 8.10 Key Employees. 
 (a) Prior to the Closing Date, Owens Corning shall, and shall cause its Affiliates to, cause (or, where employee consent is required under Applicable Law, use its best efforts to cause) each of its employees who are essential to the
effective operation of the Business to be transferred to or become employed by the OC Contributed Subsidiaries and/or the Company unless otherwise expressly agreed to in writing by both Parents. Each essential OC employee shall be referred to as a
“Key OC Employee” and shall be listed on Schedule 8.10(a) under the subheading “Key OC Employees”. 
 (b) Prior to or on the Closing Date, Saint-Gobain shall, and shall cause its Affiliates to, cause (or, where employee consent is required under Applicable Law, use its best efforts to cause) each of its employees who
are essential to the effective operation of the Business to be transferred to or become employed by the SG Contributed Subsidiaries and/or the Company unless otherwise expressly agreed to in writing by both Parents. Each essential SG employee shall
be referred to as a “Key SG Employee” and shall be listed in Schedule 8.10(b) under the subheading “Key SG Employees”. 
 (c) Schedule 8.10(c) contains a list of those Key OC Employees, if any, and Key SG Employees, if any, for which the Parents as of
the date of this Agreement have expressly agreed will not be transferred to the OC Contributed Subsidiaries, the SG Contributed Subsidiaries and/or the Company. Schedules 8.10(a), 8.10(b), and 8.10(c) shall be updated as of the Closing
Date, subject to the express written agreement by both Parents. 
  

 71 

 Section 8.11 No Third-Party Beneficiaries. The provisions of this Article VIII are solely for the
purposes of the respective Parties to this Agreement and nothing in this Agreement expressed or implied shall confer upon any current or former Company Employee, OC Employee, or SG Employee or upon any representative of any such person, or upon any
collective bargaining agent, any rights or remedies, including any third party beneficiary rights or any right to employment or continued employment for any specified period, of any nature or kind whatsoever under or by reason of this Agreement.

 ARTICLE IX 
 REAL
PROPERTY AND RELATED MATTERS 
 Section 9.01 Certain Real Property and Related Matters. The Parties shall cooperate with each
other and use reasonable commercial efforts to obtain any consents or approvals required in connection with the Leased Real Property and to obtain from applicable landlords or other third parties the release of the applicable Parent and its
Affiliates from all liabilities and obligations with respect thereto. 
 ARTICLE X 
 CONDITIONS TO CLOSING 
 Section 10.01
Conditions to Obligations of Each Party (other than the Company). The obligations of each Party, other than the Company to consummate the Closing are subject to the satisfaction (or waiver by each Party, other than the Company) of the
following conditions: 
 (a) any applicable waiting period (and any extension thereof) and any agreement with any Governmental
Authority not to close the transaction under any Antitrust or Competition Law relating to the Contemplated Transactions shall have expired or been terminated and any necessary approvals under any Antitrust or Competition Law shall have been
obtained, and there shall not be (i) any pending action or proceeding in which a Governmental Authority is seeking to enjoin the Contemplated Transactions, (ii) a final, nonappealable order entered by a Governmental Authority that enjoins
or otherwise prohibits the Contemplated Transactions or (iii) an investigation by a Governmental Authority is pending or threatened; 
 (b) no provision of any Applicable Law and no judgment, injunction, order or decree issued by a court or other Governmental Authority of competent jurisdiction shall prohibit the Closing; 
 (c) no action or proceeding shall be pending before any court or other Governmental Authority that seeks to prohibit the Closing, or
impose damages or obtain other relief in connection with the Contemplated Transactions that (i) is brought by any Governmental Authority having jurisdiction in respect thereof or (ii) is brought by any Person (other than a Governmental
Authority) if in the case of this clause (ii) such action or proceeding reasonably could be expected to prohibit the Closing or result in a Material Adverse Effect on either of the Parents or the Business; 
  

 72 

 (d) all actions by or in respect of, or filings with, any Governmental Authority required
to permit the consummation of the Closing shall have been taken or made; 
 (e) the Company shall have in place the Facility;
and 
 (f) the consents, approvals or permits contemplated by Schedule 10.01(f) shall have been obtained. 

Section 10.02 Conditions to Obligations of Owens Corning and OC Topco. The individual obligations of Owens Corning and OC Topco to consummate
the Closing are subject to the satisfaction (or waiver by Owens Corning) of the following further conditions: 
 (a) (i)
Saint-Gobain shall have performed in all material respects all of its obligations under this Agreement required to be performed by it at or prior to the Closing, (ii) the representations and warranties of Saint-Gobain contained in this
Agreement shall be true and correct at and as of the date of this Agreement and as of the Closing Date, as if made at and as of each such date, except that those representations and warranties that by their express terms are made as of a specific
date shall be required to be true and correct only as of such date, in each case except for inaccuracies that could not reasonably be expected to have a Material Adverse Effect on Saint-Gobain’s Business or the Company, and (iii) Owens
Corning shall have received a certificate signed by an officer of Saint-Gobain to the foregoing effect; 
 (b) since the date
of this Agreement, no event shall have occurred that has had or reasonably could be expected to have a Material Adverse Effect on Saint-Gobain’s Business; 
 (c) Saint-Gobain (or its applicable Affiliates) shall have executed and delivered, on or before the Closing Date, each of the Transaction
Documents that are required to be executed by Saint-Gobain or its Subsidiaries; and 
 (d) Saint-Gobain shall have completed
its Reorganization as contemplated by Section 2.03. 
 Section 10.03 Conditions to Obligations of Saint-Gobain and SG Topco. The
individual obligations of Saint-Gobain and SG Topco to consummate the Closing are subject to the satisfaction (or waiver by Saint-Gobain) of the following further conditions: 
 (a) (i) Owens Corning shall have performed in all material respects all of its obligations under this Agreement required to be performed
by it at or prior to the Closing, (ii) the representations and warranties of Owens Corning contained in this Agreement shall be true and correct at and as of the date of this Agreement and as of the Closing Date, as if made at and as of each
such date, except that those representations and warranties that by their express terms are made as of a specific date shall be required to be true and correct only as of such date, in each case except for inaccuracies that could not reasonably be
expected to have a Material Adverse Effect on Owens Corning’s Business or the Company, and (iii) Saint-Gobain shall have received a certificate signed by an officer of Owens Corning to the foregoing effect; 
  

 73 

 (b) since the date of this Agreement, no event shall have occurred that has had or
reasonably could be expected to have a Material Adverse Effect on Owens Corning’s Business; 
 (c) Owens Corning (or its
applicable Affiliates) shall have executed and delivered, on or before the Closing Date, each of the Transaction Documents that are required to be executed by Owens Corning or its Subsidiaries; 
 (d) the License Agreement of 20 October 2006 by and between Owens-Corning and US IP Holdco shall have been terminated and all
Intellectual Property licensed thereto shall have been assigned to US IP Holdco as part of the OC Contributed Intellectual Property and/or shall be assigned to the appropriate entity to be licensed as part of the OC Licensed Intellectual Property;
and 
 (e) Owens Corning shall have completed its Reorganization as contemplated by Section 2.02. 
 Section 10.04 Updated Disclosure Schedules. At any time prior to the Closing, each Parent shall be required to deliver to the other Parent notice
(a “Disclosure Notice”) of any event or circumstance that (i) was required to be disclosed on the Disclosure Schedules as of the date of this Agreement, but which such Parent failed to so disclose and/or (ii) occurs after
the date of this Agreement but on or before the Closing Date that would have been required to be disclosed on the Disclosure Schedules on the date of this Agreement had such event or circumstance existed on the date of this Agreement. Disclosure
Notices shall be delivered promptly following the date on which the Parent obtains knowledge of the existence of an applicable event or circumstance, must be clearly marked as such and must be addressed to the other Parent at the addresses listed in
Section 13.01. In the event any Parent delivers a Disclosure Notice within three days of any date scheduled for Closing, the other Parent shall be entitled to extend, by written notice to the updating Parent, the scheduled date for Closing to
the third day after it receives the Disclosure Notice, or if such day is not a Business Day, to the next Business Day. Except for those representations, warranties, covenants or other agreements that provide for the ability of a Party to update its
respective Disclosure Schedules for specified purposes, a Disclosure Notice delivered by a Parent shall be deemed to have been delivered solely for informational purposes and shall not be deemed to update the Disclosure Schedules or cure any breach
of any representation, warranty, covenant or other agreement for any purposes under this Agreement (including for purposes of Sections 10.02 and 10.03 and Article XI) or to prejudice any rights of the other Parent under this Agreement, including the
right to claim that the representations and warranties of the updating Parent, when made on the date of this Agreement or as of the Closing Date, were untrue, or that any condition to Closing was unfulfilled. Notwithstanding anything to the contrary
contained herein, and without any further action by the Parties, the Disclosure Schedules shall be deemed to have been updated as of the Closing Date to reflect changes in the identity of the parties referenced therein resulting from the
Reorganizations. 
  

 74 

 ARTICLE XI SURVIVAL; INDEMNIFICATION 
 Section 11.01 Survival. None of the representations, warranties, covenants or agreements of the Parties contained in this Agreement shall survive
the Closing, except that: 
 (a) solely for purposes of the indemnification provided in Sections 11.02(a)(1) and 11.02(b)(1)
and 11.02(c)(i): 
 (i) the representations and warranties in Sections 4.01(a) and (b) and Sections 4.02(a) and
(b) shall survive the Closing indefinitely; 
 (ii) the representations and warranties in Sections 4.01(q) and 4.02(q)
shall survive the Closing for a period ending upon the later of three years from the Closing Date or 60 days following the date on which the applicable statute of limitations expires; 
 (iii) the representations and warranties in Sections 4.01(n) and 4.02(n) shall survive the Closing for a period of seven years from the
Closing Date; and 
 (iv) the representations and warranties in Sections 4.01 and 4.02 (other than those Sections referenced
in the preceding clauses (i), (ii) and (iii), which shall survive solely to the extent provided by such clauses (i), (ii) and (iii)) shall survive the Closing for a period of two years from the Closing Date; 
 (b) those covenants and agreements set forth in this Agreement that, by their terms, are to have effect after the Closing Date shall
survive for the period contemplated by the covenants and agreements, or if no period is so contemplated, indefinitely; and 
 (c) the obligations of the Parties under Sections 11.02(a)(2), 11.02(a)(4) and 11.02(b)(2) and 11.02(b)(4) with respect to OC Environmental Matters, OC Indemnified Environmental Matters, SG Environmental Matters and SG Indemnified
Environmental Matters shall survive the Closing for a period of seven years from the Closing Date. 
 The representations, warranties, covenants and
agreements referenced in the preceding clauses (a), (b) and (c) as surviving the Closing are referred to herein as the “Surviving Representations or Covenants”. It is understood and agreed that (x) after the Closing,
the sole and exclusive remedy with respect to any breach of any Surviving Representation or Covenant shall be a claim for Damages (whether by contract, in tort or otherwise, and whether in law, in equity or both) made pursuant to this Article XI;
provided, that notwithstanding the foregoing, nothing in this Article XI shall limit the right of any Party (A) to pursue an action for or to seek remedies with respect to claims for fraud or (B) to seek specific performance or
other equitable relief; and (y) before the Closing, the Parties shall be entitled to the termination and other remedies set forth in Article XII and indemnification under this Article XI shall not apply. Without limiting the foregoing, it is
understood that except to the extent provided in this Article XI, neither Owens Corning nor Saint-Gobain shall have any liability to the other for any diminishment in value of the other’s ownership interest (or the ownership interest of the
other’s Subsidiaries) in the Company as a result of any matters giving rise to a claim for indemnification under this Article XI. 
  

 75 

 Section 11.02 Indemnification. 
 (a) Effective as of the Closing and subject to the limitations set forth in Sections 11.04(a) and 11.05, Owens Corning hereby indemnifies
each of (x) Saint-Gobain, its Affiliates and its Representatives (together with their respective successors and permitted assigns) (the “SG Indemnified Parties”) and (y) the Company, its Affiliates and its Representatives
(together with their respective successors and permitted assigns) (the “Company Indemnified Parties”) against, and agrees to defend and hold them harmless from, any and all Damages incurred or suffered by any of them arising out of,
resulting from or related to (1) any breach of any Surviving Representation or Covenant made or to be performed by Owens Corning or its Subsidiaries pursuant to this Agreement, (2) any OC Excluded Liabilities (including Owens
Corning’s or any of its Subsidiaries’ failure to perform or in due course pay or discharge any OC Excluded Liability), (3) any matters for which indemnification is provided by Owens Corning under Article VIII (it being understood that
the terms of such indemnification shall be governed by and subject to the terms of Article VIII to the extent such terms differ from the provisions of this Article XI, (4) any OC Indemnified Environmental Matters, (5) any OC Indemnified
Excluded Environmental Matters, (6) any breach of the covenant set forth in Section 5.10(k) or (7) any willful act of fraud, misfeasance or malfeasance taken prior to Closing by an employee or agent of Owens Corning or any of its
Subsidiaries. 
 (b) Effective as of the Closing and subject to the limitations set forth in Section 11.04(b),
Saint-Gobain hereby indemnifies each of (x) Owens Corning, its Affiliates and its Representatives (together with their respective successors and permitted assigns) (the “OC Indemnified Parties”) and (y) the Company
Indemnified Parties, against, and agrees to defend and hold them harmless from, any and all Damages incurred or suffered by any of them arising out of, resulting from or related to (1) any breach of any Surviving Representation or Covenant made
or to be performed by Saint-Gobain or its Affiliates pursuant to this Agreement, (2) any SG Excluded Liabilities (including Saint-Gobain’s or any of its Subsidiaries’ failure to perform or in due course pay or discharge any
Saint-Gobain Excluded Liability), or (3) any matters for which indemnification is provided by Saint-Gobain under Article VIII (it being understood that the terms of such indemnification shall be governed by and subject to the terms of Article
VIII to the extent such terms differ from the provisions of this Article XI), (4) any SG Indemnified Environmental Matters, (5) any SG Indemnified Excluded Environmental Matters, or (6) any breach of the covenant set forth in
Section 5.10 (k) or (7) any willful act of fraud, misfeasance or malfeasance taken prior to Closing by an employee or agent of Saint-Gobain or any of its Subsidiaries. 
 (c) Effective as of the Closing, the Company hereby indemnifies the OC Indemnified Parties and the SG Indemnified Parties against, and
agrees to defend and hold them harmless from, any and all Damages incurred or suffered by any of them arising out of, resulting from or related to (i) any breach of any Surviving Representation or Covenant made or to be performed by the Company
pursuant to this Agreement, (ii) any Assumed Liabilities (including the Company’s failure to perform or in due course pay or discharge any Assumed Liability), (iii) any Financial Support Arrangement, (iv) any matters for which
indemnification is provided by the Company under Article VIII (it being understood that the terms of such indemnification shall be governed by and subject to the terms of Article VIII to the extent such terms differ from the provisions of this
Article XI) (v) any liabilities or obligations arising in connection with, 

  

 76 

 
resulting from or relating to the Business (but only to the extent conducted on or after the Closing Date or (vi) any breach of the covenant set forth
in Section 5.10 (s)). 
 Section 11.03 Procedures. 
 (a) If any Party or any of the Parties’ respective Affiliates or Representatives shall seek indemnification pursuant to
Section 11.02, the Person seeking indemnification (the “Indemnified Party”) shall give written notice to the Party from whom such indemnification is sought (the “Indemnifying Party”) promptly (and in any event within
30 days) after the Indemnified Party (or, if the Indemnified Party is a corporation, any officer or director of the Indemnified Party) becomes aware of the facts giving rise to such claim for indemnification (an “Indemnified Claim”)
specifying in reasonable detail the factual basis of the Indemnified Claim, stating the amount of the Damages, if known, the method of computation thereof, containing a reference to the provision of this Agreement in respect of which such
Indemnified Claim arises and demanding indemnification therefor. The failure of an Indemnified Party to provide notice in accordance with this Section 11.03, or any delay in providing such notice, shall not constitute a waiver of that
Party’s claims to indemnification pursuant to Section 11.02, except to the extent that (i) any such failure or delay in giving notice causes the amounts paid or to be paid by the Indemnifying Party to be greater than they otherwise
would have been or otherwise results in prejudice to the Indemnifying Party or (ii) such notice is not delivered to the Indemnifying Party prior to the expiration of the applicable survival period set forth in Section 11.01. If the
Indemnified Claim arises from the assertion of any claim, or the commencement of any suit, action, proceeding or Remedial Action brought by a Person that is not a Party hereto (a “Third Party Claim”), any such notice to the
Indemnifying Party shall be accompanied by a copy of any papers theretofore served on or delivered to the Indemnified Party in connection with such Third Party Claim. 
 (b) Upon receipt of notice of a Third Party Claim from an Indemnified Party pursuant to Section 11.03(a), the Indemnifying Party
shall be entitled to assume the defense and control of such Third Party Claim subject to the provisions of this Section 11.03 by providing notice of such election to the Indemnified Party within 30 days of its receipt of notice of such Third
Party Claim; provided, that any such assumption of the defense and control of a Third Party Claim shall constitute an acknowledgement and acceptance by the Indemnifying Party of its obligation to indemnify the Indemnified Party for all
Damages arising out of such Third Party Claim under this Article XI. If the Indemnifying Party elects to assume the defense of a Third Party Claim, the Indemnifying Party will not be liable to the Indemnified Party for any legal or other expenses
subsequently incurred by the Indemnified Party in connection with the defense thereof as long as the Indemnifying Party is conducting its defense in accordance with this Section 11.03(b); provided, that if in the written opinion of
counsel to any Indemnified Party a conflict of interest exists in respect of such claim, such Indemnified Party will have the right to employ separate counsel reasonably satisfactory to the Indemnifying Party to represent such Indemnified Party and
in that event the reasonable fees and expenses of such separate counsel will be paid by the Indemnifying Party; provided that in the event there are multiple Indemnified Parties, the Indemnifying Party shall only have an obligation to pay the
fees and expenses of one separate counsel for all Indemnified Parties. If the Indemnifying Party does not assume the defense and control of a Third Party Claim within such 30 day period, the Indemnified Party shall have the right to defend such
Third Party Claim in such manner as it may deem appropriate 

  

 77 

 
and the Indemnifying Party shall be liable for all Damages arising out of such Third Party Claim, to the extent that such Damages are subject to
indemnification by the Indemnifying Party hereunder, and shall promptly pay or reimburse the Indemnified Party for all reasonable fees and expenses incurred in the defense by the Indemnified Party of such Third Party Claim. Whether the Indemnifying
Party or the Indemnified Party is defending and controlling any such Third Party Claim, it shall select counsel, contractors, experts and consultants of recognized standing and competence, shall take all steps necessary in the investigation, defense
or settlement thereof, and shall at all times diligently and promptly pursue the resolution thereof. The Party conducting the defense thereof shall at all times act as if all Damages relating to the Third Party Claim were for its own account and
shall act in good faith and with reasonable prudence to minimize Damages therefrom. Each of the Indemnified Party and the Indemnifying Party shall, and shall cause each of its respective Affiliates and Representatives to, reasonably cooperate with
the other in connection with any Third Party Claim at the request of the other and at the expense of the Indemnifying Party. In addition, the Party not conducting the defense shall have the right to participate in the defense of such Third Party
Claim at its own expense. 
 (c) The Indemnifying Party shall be authorized to consent to a settlement of, or the entry of any
judgment arising from, any Third Party Claims, and the Indemnified Party shall consent to a settlement of, or the entry of any judgment arising from, such Third Party Claims if (i) the Indemnifying Party shall pay or cause to be paid all
amounts arising out of such settlement or judgment concurrently with the effectiveness thereof, (ii) such settlement shall not encumber any of the assets of the Indemnified Party or contain any restriction or condition that would apply to such
Indemnified Party or to the conduct of that Party’s business, (iii) such settlement contains as a condition thereto a complete and unconditional release of the Indemnified Party, and (iv) such settlement does not contain any admission
of wrongdoing by the Indemnified Party. Except for the foregoing, no settlement or entry of judgment in respect of any Third Party Claim shall be consented to by any Indemnifying Party without the express written consent of the Indemnified Party,
which consent shall not be unreasonably withheld or delayed. Whether or not the Indemnifying Party assumes the defense of a Third Party Claim, the Indemnified Party will not consent to a settlement of, or the entry of any judgment arising from, a
Third Party Claim without the express written consent of the Indemnifying Party, which consent shall not be unreasonably withheld or delayed. 
 (d) If an Indemnifying Party makes any payment on an Indemnified Claim, the Indemnifying Party shall be subrogated, to the extent of such payment, to all rights and remedies of the Indemnified Party to any insurance
benefits or other claims or benefits of the Indemnified Party with respect to such claim. Such Indemnified Party will cooperate with the Indemnifying Party in a reasonable manner, at the cost and expense of such Indemnifying Party, in prosecuting
any subrogated right or claim. 
 (e) In the event that a Company Indemnified Party is the Indemnified Party, the Parent that
is not the Indemnifying Party may elect to assert the Indemnified Claim on behalf of the Company Indemnified Party and each of the Company Indemnified Party and such Parent shall be deemed an Indemnified Party for purposes of the procedural
provisions of this Section 11.03. In such event, the Company Indemnified Party shall reasonably cooperate with the Parent deemed an Indemnified Party, which Parent shall control the pursuit of the Indemnified Claim and shall do so in good faith
and in a manner reasonably believed to be in the best interests of the 

  

 78 

 
Company Indemnified Party. If and to the extent that the Indemnifying Party is successful in the defense of any such Indemnified Claim, the Parent asserting
the Indemnified Claim on behalf of the Company Indemnified Party will promptly reimburse the Indemnifying Party for its reasonable fees and expenses incurred in the defense of the Indemnified Claim. 
 Section 11.04 Limitations. Notwithstanding anything to the contrary in this Agreement or in any of the Transaction Documents: 
 (a) Owens Corning shall have no liability to the SG Indemnified Parties or the Company Indemnified Parties in respect of indemnification
claims pursuant to (i) breaches of representations or warranties (as distinguished from breaches of covenants and agreements) under Section 11.02(a)(1), (ii) Section 11.02(a)(2) solely with respect to OC Environmental Matters or
(iii) Section 11.02(a)(4); in each case unless and until: 
 (i) such Damages are Recoverable Damages; and

 (ii) such Recoverable Damages in the aggregate exceed USD 5,000,000 (the “Indemnity Threshold”);
provided, that if the Indemnity Threshold is reached, the entire amount of all such Damages shall be subject to indemnification under this Section 11.04(a) up to a total of USD600,000,000 (the “OC Indemnity Cap”).

 (b) Owens Corning shall have no obligation to an SG Indemnified Party or the Company Indemnified Parties pursuant to
Section 11.04(a) until such matters are the subject of a written notice given by the Indemnified Party pursuant to Section 11.03(a) within the period following the Closing Date specified for each respective matter in Section 11.01.

 (c) Saint-Gobain shall have no liability to the OC Indemnified Parties and the Company Indemnified Parties in respect of
indemnification claims pursuant to (i) breaches of representations or warranties (as distinguished from breaches of covenants and agreements) under Section 11.02(b)(1), (ii) 11.02(b)(2) solely with respect to SG Environmental Matters
or (iii) Section 11.02(b)(4); in each case unless and until: 
 (i) such Damages are Recoverable Damages; and

 (ii) such Recoverable Damages exceeds the Indemnity Threshold; provided, that if the Indemnity Threshold is reached,
the entire amount of all such Damages shall be subject to indemnification under this Section 11.04(c) up to a total of USD400,000,000 (the “SG Indemnity Cap”, together with OC Indemnity Cap, “Indemnity Caps”).

 (d) Saint Gobain shall have no obligation to an OC Indemnified Party or the Company Indemnified Parties pursuant to
Section 11.04(c) until such matters are the subject of a written notice given by the Indemnified Party pursuant to Section 11.03(a) within the period following the Closing Date specified for each respective matter in Section 11.01.

 (e) Owens Corning shall have no liability to the SG Indemnified Parties or the Company Indemnified Parties in respect of an
indemnification claim for Damages pursuant to (i) Section 11.02(a)(1) as a result of a breach of a representation under Section 4.01(n), (ii) Section 11.02(a)(2) in respect of an OC Environmental Matter or an OC Excluded 

  

 79 

 
Environmental Matter, (iii) Section 11.02(a)(4), or (iv) Section 11.02(a)(5) (an “SG Environmental Claim”), unless such SG
Environmental Claim arises out of or relates to: (i) a specific requirement of Environmental Law to take some compliance, investigative or remedial action including monetary payments; (ii) a specific and formal requirement of a
Governmental Authority under Environmental Law to take some compliance, investigative or remedial action, including monetary payments; (iii) a violation of Environmental Law (A) in which there is an imminent danger or harm to the
Environment or any Person, including employees or (B) which would require a compliance, investigative or remedial action, including monetary payments consistent with the practices of a reasonable and prudent operator or (iv) a Third Party
Claim other than a claim by a Governmental Authority. 
 (f) Saint-Gobain shall have no liability to the OC Indemnified
Parties or the Company Indemnified Parties in respect of an indemnification claim for Damages pursuant to (i) Section 11.02(b)(1) as a result of a breach of a representation under Section 4.02(n), (ii) Section 11.02(b)(2) in respect
of an SG Environmental Matter or an SG Excluded Environmental Matter, (iii) Section 11.02(b)(4), or (iv) Section 11.02(b)(5) (an “OC Environmental Claim”), unless such OC Environmental Claim arises out of or relates to:
(i) a specific requirement of Environmental Law to take some compliance, investigative or remedial action including monetary payments; or (ii) a specific and formal requirement of a Governmental Authority under Environmental Law to take
some compliance, investigative or remedial action, including monetary payments; (iii) a violation of Environmental Law (A) in which there is an imminent danger or harm to the Environment or any Person, including employees or (B) which
would require a compliance, investigative or remedial action, including monetary payments consistent with the practices of a reasonable and prudent operator or (iv) a Third Party Claim other than a claim by a Governmental Authority. 

(g) With respect to any SG Environmental Claim arising out of or relating to the presence or Release of Hazardous Materials on or prior
to the Closing Date, Owens Corning shall have no liability to the SG Indemnified Parties or the Company Indemnified Parties to the extent that the Damages arise primarily out of: (A) a change in use of the relevant facility after the Closing
Date from an industrial use to a commercial or residential use; or (B) voluntary soil or groundwater sampling undertaken after the Closing Date at any relevant facility that is (1) not specifically required by Environmental Laws,
Environmental Permits or a Governmental Authority; (2) not undertaken in connection with maintenance, construction, renovation or expansion activities at the relevant facility except for such sampling that would not be undertaken by a
reasonable and prudent operator; (3) not undertaken in connection with (X) the proposed sale, closure, decommissioning of the relevant OC Owned Real Property or (Y) the financing of the Company, in each case of (X) and
(Y) only so long as Saint-Gobain or any of its Affiliates is a shareholder of the Company, except with respect to the facilities agreed to in writing by Owens Corning and Saint-Gobain. 
 (h) With respect to any OC Environmental Claim arising out of or relating to the presence or Release of Hazardous Materials on or prior to
the Closing Date, Saint-Gobain shall have no liability to the OC Indemnified Parties or the Company Indemnified Parties to the extent that the Damages arise primarily out of (A) a change in use of the relevant facility after the Closing Date
from an industrial use to a commercial or residential use; or (B) voluntary soil or groundwater sampling undertaken after the Closing Date at any relevant facility that is (1) not 

  

 80 

 
specifically required by Environmental Laws, Environmental Permits or a Governmental Authority; (2) not undertaken in connection with maintenance,
construction, renovation or expansion activities at the relevant facility except for such for such sampling that would not be undertaken by a reasonable and prudent operator ; (3) not undertaken in connection with (X) the proposed sale,
closure, decommissioning of the relevant SG Owned Real Property or (Y) the financing of the Company, in each case of (X) and (Y) only so long as Saint-Gobain or any of its Affiliates is a shareholder of the Company, except with
respect to the facilities agreed to in writing by Owens Corning and Saint-Gobain. 
 (i) Owens Corning shall have no liability
to the SG Indemnified Parties or the Company Indemnified Parties to the extent that the Damages in respect of which the SG Environmental Claim is made, relate to, result from or are increased by the closure or decommissioning of the whole or a
substantial part of any site after Saint-Gobain or any of its Affiliates is no longer a shareholder in the Company. 
 (j)
Saint-Gobain shall have no liability to the OC Indemnified Parties or the Company Indemnified Parties to the extent that the Damages in respect of which the OC Environmental Claim is made, relate to, result from or are increased by the closure or
decommissioning of the whole or a substantial part of any site after Saint-Gobain or any of its Affiliates is no longer a shareholder in the Company, except with respect to the facilities agreed to in writing by Owens Corning and Saint Gobain.

 (k) Solely for the purpose of determining the amount of Damages incurred with respect to a breach of any representation or
warranty, each representation and warranty shall be read without reference to materiality or Material Adverse Effect. 
 (l)
Notwithstanding anything to the contrary contained herein, although a Party may be entitled to make a claim for indemnification pursuant to more than one provision of this Article XI, no Party shall be entitled to recover indemnification for the
same claim under more than one provision of this Article XI. 
 (m) The amount to which the Indemnified Party might otherwise
be entitled under Section 11.02 shall be reduced by the amount of any reserves made in the OC Financial Statements or SG Financial Statements (or in Schedule 4.01(i)(vi) or Schedule 4.02(i)(vi), as applicable) that are readily
identifiable and exclusively related to the event or events giving rise to the Indemnified Claim. 
 Section 11.05 Asbestos Matters.
To the extent any Damages therefor have been discharged in the OC Bankruptcy Plan of Reorganization or are covered by the 524(g) Injunction relating to or arising out of Asbestos Materials or Asbestos Laws, Owens Corning has no obligation to
indemnify, defend or hold harmless any SG Indemnified Party or Company Indemnified Party for any Damages relating to or arising out of any Asbestos Materials or Asbestos Laws. 
  

 81 

 ARTICLE XII 
 TERMINATION 
 Section 12.01 Termination. This Agreement may be terminated at any time prior to
the Closing: 
 (a) by mutual written agreement of the Parents; 
 (b) by either Parent if the Closing shall not have been consummated by December 31, 2007; provided, however, that
neither Parent may terminate this Agreement pursuant to this clause (b) if the Closing shall not have been consummated by such date by reason of the failure of such Parent to perform, or to cause its Affiliates to perform, in all material
respects any of its or their respective covenants or agreements contained in this Agreement; 
 (c) by either Parent if there
shall be any Applicable Law that makes consummation of the Contemplated Transactions illegal or otherwise prohibited, if consummation of the Contemplated Transactions would violate any nonappealable final order, decree or judgment of any
Governmental Authority having competent jurisdiction over such Parent or if a Governmental Authority has filed suit to enjoin or otherwise prohibit the Contemplated Transactions; and 
 (d) by either Parent in the event of a breach by the other Parent of any representation, warranty, covenant or agreement under this
Agreement, where the effect of such breach would be to cause the conditions to the obligation to consummate the Closing of the terminating Parent not to be capable of being satisfied, and such breach is not cured by the breaching Party within 30
days of receiving written notice from the terminating Party of the breach or alleged breach, which written notice shall state that unless such breach is cured in accordance with this Section 12.01(d) the terminating Party intends to terminate
this Agreement (it being understood that such 30 day cure period shall not under any circumstances extend the date set forth in Section 12.01(b)); 
 Either Parent desiring to terminate this Agreement pursuant to this Section 12.01 shall give written notice of such termination to the other Parent. 
 Section 12.02 Effect of Termination. If this Agreement is terminated as permitted by Section 12.01: 
 (a) this Agreement shall forthwith become void and of no further force or effect, except for the following provisions, which shall remain in full force and effect: (i) the representations and warranties set forth
in Sections 4.01(m) and 4.02(m) (relating to finders’ fees), (ii) Section 5.03 (relating to confidentiality), (iii) Section 6.03 (relating to publicity), (iv) this Section 12.02, (v) Section 13.03
(relating to expenses and certain Taxes), (vi) Section 13.07 (Entire Agreement), (vii) Section 13.08 (Governing Law), (viii) Section 13.14(a) (Dispute Resolution), (ix) Section 13.15 (Consequential Damages) and
(x) Section 13.16 (Performance); and 
  

 82 

 (b) such termination shall be without liability of any Party (or any Affiliate,
stockholder, consultant or Representative of such Party) to the other Parties to this Agreement; provided, however, that if the Contemplated Transactions fail to close as a result of a breach of any representation, warranty, covenant
or agreement under this Agreement by any Parent, such Parent shall be fully liable for any and all damages or losses incurred or suffered by the other Parent as a result of all such breaches if the other Parent is ready, willing and able to
otherwise satisfy its obligations under this Agreement. 
 Section 12.03 Non-Exclusive Remedies. Notwithstanding any provision in this
Article XII or elsewhere in this Agreement to the contrary, the rights and remedies provided in Section 12.02 shall be in addition to, and not exclusive of, any rights or remedies to which the Parties may be entitled under Applicable Law as a
result of a termination of this Agreement. 
 ARTICLE XIII 
 MISCELLANEOUS 
 Section 13.01 Notices. All notices, requests and other communications to any
Party hereunder shall be in writing (including telecopy or similar writing) and shall be given, 
 if to Owens Corning:

 Owens Corning 
 One Owens Corning Parkway 
 Toledo, Ohio     43659 
 Attention:     Law Department 
 Telecopy:     +1 419-248-1723 
 with copies (which shall not constitute notice) to: 
 Owens Corning 
 One Owens Corning Parkway 
 Toledo, Ohio     43659 
 Attention: General Counsel 
 Telecopy: +1 419-248-1723 
 if to OC Topco: 
 Owens Corning 
 One Owens Corning Parkway 
 Toledo, Ohio     43659 
 Attention: Law Department 
 Telecopy: +1 419-248-1723 
 with copies (which shall not constitute notice) to: 

 

 83 

 Owens Corning 
 One Owens Corning Parkway 
 Toledo, Ohio     43659 
 Attention: General Counsel 
 Telecopy: +1 419-248-1723 
 if to Saint-Gobain: 
 Saint-Gobain 
 Les Miroirs 
 18 Avenue D’Alsace 
 92096 La Défense Cedex 
 France 
 Attention:     Bernard Field 
 Telecopy:     + 33 1 47 62 31 69 

with copies (which shall not constitute notice) to: 
 Saint-Gobain 
 Les Miroirs 
 18 avenue d’Alsace 
 92096 La Défense Cedex 
 France 
 Attention:     Marie-Armelle Chupin 
 Telecopy:     + 33 1 47 62 36 83 
 if to SG Topco: 
 Saint-Gobain 
 Les Miroirs 
 18 avenue d’Alsace 
 92096 La Défense Cedex 
 France 
 Attention:     Marie-Armelle Chupin 
 Telecopy:     + 33 1 47 62 36 83 
 with copies (which shall not constitute notice) to: 
 Saint-Gobain 
 Les Miroirs 
 18 Avenue D’Alsace 
 92096 La Défense Cedex 
 France 
 Attention:     Bernard Field 
  

 84 

 Telecopy:     + 33 1 47 62 31 69 
 if to the Company: 
 Owens Corning Vetrotex Reinforcements 
 Chaussée de la Hulpe 166 
 Attention: President 
 Telecopy: + 32 2 674 8283 
 with copies (which shall not constitute notice) to: 
 Owens Corning Vetrotex Reinforcements 
 One Owens Corning Parkway 
 Toledo, Ohio     43659 
 Attention: General Counsel 
 Telecopy: +1 419-248-1723 
 or to such other address or telecopy number and with such other copies, as such Party may
hereafter specify in writing for the purpose by notice to the other Parties. Each such notice, request or other communication shall be effective (i) if given by telecopy, when such telecopy is transmitted to the telecopy number specified in
this Section 13.01 and evidence of receipt is received or (ii) if given by any other means, upon delivery or refusal of delivery at the address specified in this Section 13.01. 
 Section 13.02 Amendments; Waivers. 
 (a) No provision of this Agreement may be amended or waived unless such amendment or waiver is in writing and signed, in the case of an amendment, by the Parents, 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 under this
Agreement shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege. 
 Section 13.03 Expenses; Taxes. Except as otherwise provided in this Agreement, all costs and expenses incurred in connection with the preparation,
negotiation and performance of this Agreement and the Contemplated Transactions shall be paid by the Party incurring such cost or expense. Each Parent shall be liable for, and shall indemnify and hold harmless the Company and its Subsidiaries
against, all transfer, stamp, registration, sales, use, value added and similar Taxes (and related Damages) resulting from or relating to such Parent’s Reorganization and the contributions by such Parent contemplated by Article III. 

Section 13.04 Successors and Assigns. The provisions of this Agreement shall be binding upon and inure to the benefit of the Parties and their
respective successors and permitted assigns. No Party may assign, delegate or otherwise transfer any of its rights or obligations under this Agreement without the prior written consent of the other Parties; provided, that any Party may assign
its rights under this Agreement without the other Parties’ prior written consent 

  

 85 

 
upon written notice to the other Parties (i) to any of its direct or indirect wholly owned Subsidiaries (provided, that if any such Subsidiary
assignee, delegatee or transferee shall at any time cease to be a direct or indirect wholly owned domestic Subsidiary of the assignor, delegator or transferor, as the case may be, the exception set forth in this clause (i) shall no longer apply
and such assignment, delegation or transfer shall be void unless otherwise permitted under this Section 13.04) or (ii) in connection with the transfer or sale of all or substantially all of its assets or business or its merger or
consolidation with another Person. Notwithstanding the foregoing, no assignment, delegation or other transfer of rights under this Agreement shall relieve the assignor of any liability or obligation hereunder. Any attempted assignment, delegation or
transfer in violation of this Section 13.04 shall be void. 
 Section 13.05 Disclosure. Certain information set forth in the
Disclosure Schedules has been included and disclosed solely for informational purposes and may not be required to be disclosed pursuant to the terms and conditions of this Agreement. The disclosure of any such information shall not be deemed to
constitute an acknowledgement or agreement that the information is required to be disclosed in connection with the representations and warranties made in this Agreement or that the information is material, nor shall any information so included and
disclosed be deemed to establish a standard of materiality or otherwise be used to determine whether any other information is material. 
 Section 13.06 Construction. As used in this Agreement, any reference to the masculine, feminine or neuter gender shall include all genders, the plural shall include the singular, and singular shall include the plural. References in
this Agreement to a party or other Person include their respective successors and permitted assigns. The words “include,” “includes” and “including” when used in this Agreement shall be deemed to be followed by the
phrase “without limitation” unless such phrase otherwise appears. Unless the context otherwise requires, references in this Agreement to Articles, Sections, Exhibits and Schedules shall be deemed references to Articles and Sections of, and
Exhibits and Schedules to, this Agreement. Unless the context otherwise requires, the words “hereof,” “hereby” and “herein” and words of similar meaning when used in this Agreement refer to this Agreement in its
entirety and not to any particular Article, Section, Exhibit, Schedule or provision of this Agreement. With regard to each and every term and condition of this Agreement, the Parties understand and agree that the same have or has been mutually
negotiated, prepared and drafted, and that if at any time the Parties desire or are required to interpret or construe any such term or condition or any agreement or instrument subject thereto, no consideration shall be given to the issue of which
Party actually prepared, drafted or requested any term or condition of this Agreement. 
 Section 13.07 Entire Agreement. 

(a) This Agreement and the other Transaction Documents (including, to the extent contemplated herein, the Non-Disclosure Agreement)
constitute the entire agreement among the Parties with respect to the subject matter of such documents and supersede all prior agreements, understandings and negotiations, both written and oral, among the Parties with respect to the subject matter
thereof. 
 (b) THE PARTIES HERETO ACKNOWLEDGE AND AGREE THAT NO REPRESENTATION, WARRANTY, PROMISE, INDUCEMENT, UNDERSTANDING,

  

 86 

 
COVENANT OR AGREEMENT HAS BEEN MADE OR RELIED UPON BY ANY PARTY HERETO OTHER THAN THOSE EXPRESSLY SET FORTH IN THE TRANSACTION DOCUMENTS. WITHOUT LIMITING
THE GENERALITY OF THE DISCLAIMER SET FORTH IN THE PRECEDING SENTENCE, (I) NO PARTY NOR ANY OF ITS AFFILIATES HAS MADE OR SHALL BE DEEMED TO HAVE MADE ANY REPRESENTATIONS OR WARRANTIES, IN ANY PRESENTATION OR WRITTEN INFORMATION RELATING TO ITS
BUSINESS GIVEN OR TO BE GIVEN IN CONNECTION WITH THE CONTEMPLATED TRANSACTIONS, OR IN ANY FILING MADE OR TO BE MADE BY OR ON BEHALF OF SUCH PARTY OR ANY OF ITS AFFILIATES WITH ANY GOVERNMENTAL AUTHORITY, AND NO STATEMENT MADE IN ANY SUCH
PRESENTATION OR WRITTEN MATERIALS, MADE IN ANY SUCH FILING OR CONTAINED IN ANY SUCH OTHER INFORMATION SHALL BE DEEMED A REPRESENTATION OR WARRANTY HEREUNDER OR OTHERWISE, AND (II) EACH OF THE PARTIES, ON ITS OWN BEHALF AND ON BEHALF OF ITS
RESPECTIVE AFFILIATES, EXPRESSLY DISCLAIMS ANY IMPLIED WARRANTIES, INCLUDING WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE AND WARRANTIES OF MERCHANTABILITY. EACH PARTY ACKNOWLEDGES THAT THE OTHER PARTIES HAVE INFORMED IT THAT NO PERSON HAS BEEN
AUTHORIZED BY SUCH PARTY OR ANY OF ITS AFFILIATES TO MAKE ANY REPRESENTATION OR WARRANTY IN RESPECT OF ITS BUSINESS OR IN CONNECTION WITH THE CONTEMPLATED TRANSACTIONS, UNLESS IN WRITING AND CONTAINED IN THIS AGREEMENT OR IN ANY OF THE OTHER
TRANSACTION DOCUMENTS TO WHICH SUCH PARTY IS A PARTY. 
 (c) Except as expressly provided herein this Agreement is not
intended to and does not confer upon any Person other than the Parties (and their successors and permitted assigns) any rights or remedies hereunder. 
 Section 13.08 Governing Law. This Agreement shall be construed in accordance with and governed by the laws of the State of New York (without regard to the choice of law provisions thereof). 
 Section 13.09 Counterparts; Effectiveness. This Agreement may be signed in any number of counterparts, each of which shall be deemed an original,
with the same effect as if the signatures thereto and hereto were upon the same instrument. This Agreement shall become effective when each Party, other than the Company, shall have received a counterpart hereof signed by the other Parties, other
than the Company. Delivery of an executed counterpart of a signature page to this Agreement by facsimile will be effective as delivery of a manually executed counterpart of this Agreement. 
 Section 13.10 Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such
jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions of this Agreement or affecting the validity or enforceability of such provision in any other jurisdiction. To the extent
any provision of this Agreement is determined to be prohibited or unenforceable in any jurisdiction, the Parties agree to use reasonable efforts, and agree to cause their Subsidiaries to use reasonable efforts, to substitute one or more valid, legal
and enforceable provisions that, 

  

 87 

 
insofar as practicable, implement the purposes and intent of the prohibited or unenforceable provision. 
 Section 13.11 Captions. The captions herein are included for convenience of reference only and shall be ignored in the construction or
interpretation hereof. 
 Section 13.12 Bulk Sales. The Company hereby waives compliance by the Parents and each of their Affiliates,
in connection with the Contemplated Transactions, with the provisions of Article 6 of the Uniform Commercial Code as adopted in any state or jurisdiction where any of the Contributed Assets are located, and any other applicable bulk sales laws with
respect to or requiring notice to the Parents’ (or any of their respective Subsidiaries) creditors, as the same may be in effect on the Closing Date. Each Parent shall indemnify and hold the Company harmless against any and all liabilities
(other than in respect of Assumed Liabilities) that may be asserted by third parties against the Company as a result of noncompliance with any such bulk sales law with respect to a contribution made by such Parent. 
 Section 13.13 Disclaimer of Agency. This Agreement shall not constitute any Party as a legal representative or agent of any other Party, nor shall
a Party have the right or authority to assume, create or incur any liability or any obligation of any kind, expressed or implied, against or in the name or on behalf of any other Party, unless otherwise expressly permitted pursuant to an agreement
in writing between or among any of the Parties. 
 Section 13.14 Dispute Resolution 
 (a) If there shall be any dispute, controversy or claim (“Dispute”) between the Parties arising out of, relating to, or
connected with this Agreement, the breach, termination or invalidity hereof, or the provisions contained herein or omitted herefrom, the Parties shall use their best efforts to resolve the matter on an amicable basis and in a manner fair and
equitable to the Parties. If one Party notifies another Party or Parties that a Dispute has arisen and the Parties to such Dispute are unable to resolve the Dispute within thirty (30) days from such notice, then the matter shall be referred to
the chief executive officers of the Company or the Parent (as applicable), who shall act by mutual agreement on all such matters. No recourse to arbitration under this Agreement shall take place unless and until the chief executive officers of the
Company or the Parent (as applicable) have been unable to resolve the Dispute within thirty (30) days after the expiration of the thirty (30) day period referred to above. 
 (b) The Parties irrevocably agree that any Disputes that are not resolved in accordance with paragraph (a) within the two
abovementioned thirty (30) day periods shall be finally settled by arbitration in Brussels, by three arbitrators appointed and proceeding in accordance with the Rules of Arbitration (the “ICC Rules”) of the International
Chamber of Commerce (the “ICC”) as the exclusive means of resolving such Disputes. For purposes of appointing such arbitrators, in the event that there are only two Parties to a Dispute, each Party to the Dispute shall appoint one
arbitrator and either the third arbitrator shall be selected by the two Party-appointed arbitrators or, failing agreement within thirty (30) days after the Party-appointed arbitrators have been confirmed, by the ICC in accordance with the ICC
Rules. In the event that there are more than two Parties to a Dispute, the arbitrators shall be appointed in accordance with the ICC Rules. All submissions and awards in relation to arbitration under this Agreement shall 

  

 88 

 
be made in English and all arbitration proceedings and all pleadings shall be in English. For purposes of this Section 13.14(b), the term “Party to
a Dispute” may include groups of aligned Parties. 
 (c) Except as may be required by applicable law, stock exchange
rules, Governmental Authorities, or in connection with the ordinary course operation of the Business, the Parties agree to maintain confidentiality as to all aspects of the arbitration, including its existence and results, except that nothing herein
shall prevent any Party from disclosing information regarding the arbitration for purposes of enforcing the judgment of the arbitral tribunal or the expert arbitrator or in any court proceedings involving the Parties. The Parties further agree to
obtain the arbitral tribunal’s agreement to preserve the confidentiality of the arbitration. 
 Section 13.15 Consequential
Damages. Notwithstanding any other provision of this Agreement or any other Transaction Document to the contrary, no Party shall be liable to any other Party (or its Affiliates) for special, indirect, punitive or consequential damages, including
lost profits and opportunity costs (except in each case to the extent assessed in connection with claims by other Persons), resulting from or arising out of a breach of this Agreement or any other Transaction Document (except where such breach is a
result of fraud or gross negligence of such Party). 
 Section 13.16 Performance. Each Party will cause to be performed and hereby
guarantees the performance of all actions, agreements and obligations set forth herein to be performed by any Subsidiary of such Party. 
 Section 13.17 Currency. All monetary calculations hereunder shall be made in USD (utilizing the Conversion Rate to the extent necessary). 
  

 89 

 IN WITNESS WHEREOF, this Agreement has been executed on behalf of the Parties in two (2) originals,
on the date first above written. 
  

			
	Owens Corning Composite Coöperatief U.A.
		
	By:	 	/s/ Michael H. Thaman
		 	Michael H. Thaman
		 	Attorney-in-fact

 [Remainder of page intentionally left blank] 

			
	Owens Corning
		
	By:	 	/s/ Michael H. Thaman
		 	Michael H. Thaman
		 	Chief Financial Officer

 [Remainder of page intentionally left blank] 

			
	Ondatra S.A.S.
		
	By:	 	 /s/ Roberto Caliari

		 	Roberto Caliari
		 	Attorney-in-fact

 [Remainder of page intentionally left blank] 

			
	Société de Participations Financières et Industrielles S.A.S.
		
	By:	 	/s/ Roberto Caliari
		 	Roberto Caliari
		 	Attorney-in-fact

 EXHIBIT A 
 DEFINITIONS 
 (a) The following terms have the following meanings: 
 “Adjustment Closing Date” means the fifth Business Day after the later of (i) the date the OC Total Adjustment is finally
determined pursuant to Section 3.04 and (ii) the date the SG Total Adjustment is finally determined pursuant to Section 3.04. 
 “Affiliate” means, with respect to any Person, any Person directly or indirectly Controlling, Controlled by, or under common Control with such specified Person. For purposes of this Agreement and the Contemplated
Transactions, no Party shall be deemed an Affiliate of any other Party or of any of the other Parties’ Affiliates unless such Party would be so deemed prior to the date hereof. 
 “Antitrust or Competition Laws” means any and all statutes, rules, regulations, orders, decrees, administrative and judicial doctrine or
other laws that are designed or intended to provide administrative and/or judicial review of mergers, acquisitions and other combinations with respect to their prospective effect on competition. 
 “Applicable Law” means, with respect to any Person, any statute, treaty, law, ordinance, rule, regulation, order, writ, injunction,
judicial decision, decree or other legally binding requirement of any Governmental Authority (including any Environmental Law) applicable to such Person or any of its respective properties, assets, officers, directors, employees, consultants or
agents (in connection with such officer’s, director’s, employee’s, consultant’s or agent’s activities on behalf of such Person). 
 “Asbestos Guaranty” means the Asbestos Guaranty to be entered into by Saint-Gobain Corporation, substantially in the form attached hereto as Exhibit J. 
 “Asbestos Indemnity Agreement” means the Asbestos Indemnity Agreement to be entered into by and among CertainTeed Corporation,
Saint-Gobain Corporation, Owens Corning and the Company, substantially in the form attached hereto as Exhibit K. 
 “Asbestos
Laws” means any and all laws (including tort and product liability law), statutes, ordinances, orders, common law, codes, rules or regulations or other pronouncements having the effect of law of any country, state, province, city or other
political subdivision thereof or of any Governmental Authority, Environmental Permits, judgments, decrees, injunctions, or binding agreements with any Governmental Authority in any manner relating to Asbestos Materials. 
 “Asbestos Materials” means asbestos, asbestos-containing materials or asbestos-containing products, in any form, amount or
concentration. 
 “Asset Transferor” means, with respect to each of Owens Corning and Saint-Gobain, a Affiliate of Owens
Corning or Saint-Gobain (other than a Pre-Reorganized Subsidiary), 

 
respectively, that either (i) owns any of the assets that would constitute Contributed Assets or (ii) is liable for any of the Assumed Liabilities.

 “Assumed Liabilities” means, collectively, the OC Assumed Liabilities and the SG Assumed Liabilities. 
 “Bankruptcy Court” means the United States Bankruptcy Court of the District of Delaware. 
 “Business” means the worldwide development, manufacture, marketing, sale, and distribution of Company Products; provided that
(x) with respect Owens Corning, “Business” shall not include the OC Veil Technologies Business, the OC Fabricating Solutions Business, the business as conducted at the Huntingdon plant and the business conducted at the Battice plant
and consisting of the operation of the F-1 furnace (and downstream activities) and (y) with respect to Saint-Gobain, “Business” shall not include the business as conducted by Saint-Gobain Vetrotex America, Inc. (other than CFM
customer relationships) and the SG Textile Solutions Business (other than the SG Textile Solutions Business of NSG Vetrotex KK). 
 “Business Day” means a day, other than a Saturday, Sunday or other day on which commercial banks in New York, New York, USA or Paris, France are authorized or required by law to close. 
 “Business Employee” means an individual employed primarily in connection with a Parent’s Business. An employee shall be considered
to be employed primarily in connection with a Parent’s Business (i) if such employee is badge-assigned to the Parent’s Business (for purposes of this definition, “badge-assigned” shall mean any employee whose Human Resources
or Accounting Department number is assigned to the Parent’s Business); or (ii) if 51% or more of such employee’s charging or regular work assignment is attributed to or has been attributed to a Parent’s Business over the six
months preceding the date of this Agreement; provided that, such employees described in this clause (ii) shall not be considered Business Employees if such work assignment is on a temporary basis. 
 “Closing Date” means the date of the Closing. 
 “Code” means the Internal Revenue Code of 1986, as amended. 
 “Combined
Transferor” means, (i) with respect to Owens Corning, its collective Asset Transferors and Subsidiary Transferors and (ii) with respect to Saint-Gobain, its collective Asset Transferors and Subsidiary Transferors. 
 “Company Products” means “Reinforcement Glass Fiber Products” and “Composite Products” as defined below: 

“Reinforcement Glass Fiber Products” shall mean products, made from a variety of glass formulations (including E-glass, R-glass, S-glass, other high
strength glass formulations, and alkali resistant glass “Cemfil”) and comprising the categories of “Continuous Filament Products,” “Chopped Filament Products,” and “Texturized Products” (as defined below):

  

 A-2 

 “Continuous Filament Products” include: 
 direct rovings with linear density of a TEX value of 3 150 g/km; 
 assembled rovings; and 
 continuous filament mats. 
 “Chopped Filament Products” include: 
 dry use chopped strands (DUCS) for TP or TS
reinforcement; 
 wet use chopped strands (WUCS); 
 milled Fibers or fillers; 
 chopped strand mat (CSM); and 
 chopped waste of any kind. 
 “Texturized Products” include air texturized glass fiber strands with nominal diameter 3 11 micron. 
 “Composite Products” include fabrics (including light textile
fabrics manufactured by Saint-Gobain in Ridgeway, SC before the Closing Date), compounds, fillers, and specialty products which are: 
 (i)
Constructed from: 
 Reinforcement Glass Fiber Products; and/or 
 other continuous or chopped fibers, such as glass, carbon, and synthetic polymers purchased from third parties or potentially manufactured
by the Company; 
 (ii) Constructed as fabrics, complexes, mats, fillers, and specialty products; and 
 (iii) Sold into one or more of the following markets: 
 wind and solar energy; 
 transportation; 
 marine; 
 trucks and automotive; 
 aerospace; 
 rail cars; 
 consumer goods; 
 infrastructure; 
 defense; and 
 industrial manufacturing processes such as: 
 open mold; 
 pultrusion; 
 filament winding; 
 vacuum assisted resin transfer molding; 
 vacuum infusion; 
 pre-form manufacturing; and 
 core manufacturing. 
  

 A-3 

 “Contemplated Transactions” means the transactions contemplated by the Transaction
Documents. 
 “Contracts” means, with respect to any Person, all contracts, agreements, consulting arrangements, leases and
subleases (including leases and subleases of real property), licenses, commitments, sales and purchase orders, and other undertakings of any kind, whether written or oral, to which such Person is a party, under which such Person is otherwise
entitled to benefits or by which such Person otherwise is bound. 
 “Contributed Assets” means, collectively, the OC
Contributed Assets and the SG Contributed Assets. 
 “Contributed Subsidiaries” means, as applicable, the OC Contributed
Subsidiaries and the SG Contributed Subsidiaries. 
 “Control” (together with the correlative meanings, “Controlled
by” or “Controlling”) means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through ownership of securities, contract or otherwise. 

“Conversion Rate” means (i) in calculating adjustments set forth on Sections 3.04 and 3.05, the September 29, 2006 European
Central Bank fixing of 1.26600 USD/EUR, (ii) in determining if any representations set forth in Sections 4.01 and 4.02 have been breached, the exchange rates set forth in the tables used in the OC Financial Statements and in the SG Financial
Statements, as applicable and (iii) in calculating whether or not the Indemnity Threshold, the OC Indemnity Cap and the SG Indemnity Cap have been exceeded, the noon buying rates for USD announced by the Federal Reserve Bank of New York on the
date any claim is first noticed to an indemnifying party. 
 “Damages” means all losses, damages, costs, expenses,
liabilities, judgments, awards, fines, sanctions, penalties, charges and amounts paid in settlement, including reasonable costs, fees and expenses of attorneys, experts, accountants, appraisers, consultants, witnesses, investigators and any other
agents or representatives of such Person (with such amounts to be determined net of any reimbursement by way of insurance or third party indemnification) directly arising from or in connection with any such matter that is the subject of
indemnification hereunder, but in each case specifically excluding (i) any costs incurred by or allocated to an Indemnified Party with respect to time spent by employees of the Indemnified Party or any of its Affiliates, (ii) any special,
indirect, punitive or consequential damages, including lost profits or opportunity costs (except in each case to the extent assessed in connection with a Third Party Claim with respect to which the Person against which such damages are assessed is
entitled to indemnification hereunder), (iii) the decrease in the value of any Contributed Asset to the extent that such valuation is based on any use of the Contributed Asset other than its use as of the Closing Date or any other prior use of
such Contributed Asset, (iv) any amount based on or taking into account the use of any Contributed Asset other than its use as of the Closing Date or any other prior use of such Contributed Asset and (v) any amount included in the
calculation of the Owens Corning Adjusted Net Working Capital Amount or the Saint-Gobain Adjusted Net Working Capital Amount. 
  

 A-4 

 “DB Benefits” in relation to any member’s benefits, means benefits other than
defined contribution benefits and other than any member benefits payable under any Risk Plan. 
 “DC Benefits” in relation
to any member’s benefits, means that the rate or amount of those benefits are (or will be) determined by reference to payments or contributions paid into that plan by or in respect of that member, and returns on those contributions (rather
than, for example, by reference to that individual’s salary over the period of service to which the benefits relate), and are not subject to any underpin or any employer guarantee as to the minimum level of benefits, interest or investment
return, and defined contribution benefits shall be construed accordingly. 
 “Disclosure Schedules” means, with respect to
each Party, the Disclosure Schedules of such Party dated the date of this Agreement relating to this Agreement, as they may be amended from time to time in accordance with the terms of this Agreement. Each section of the Disclosure Schedules will be
deemed to incorporate by reference all information disclosed in any other section of the Disclosure Schedules to the extent that such disclosure by incorporation is reasonably likely to apprise the reader that such disclosure is applicable to such
other section of the Disclosure Schedules. 
 “Environment” means all air, surface water, sediment, groundwater, or land,
including land surface or subsurface, including all fish, wildlife, biota and all other natural resources. 
 “Environmental
Claim” means any and all actions, suits, orders, claims, liens, notices, notices of violations, investigations, complaints, requests for information, proceedings, or other communication (written or oral), whether criminal or civil, pursuant
to or relating to any applicable Environmental Laws by any Person (including but not limited to any Governmental Authority, private person or citizens’ group) based upon, alleging, asserting, or claiming any actual or potential
(i) violation of or liability under any Environmental Law, (ii) violation of any Environmental Permit, or (iii) liability for investigatory costs, cleanup costs, removal costs, remedial costs, response costs, natural resource damages,
property damage, personal injury, fines, or penalties arising out of, based on, resulting from, or related to the presence, Release, or threatened Release of, or the exposure of any Person to, any Hazardous Materials. 
 “Environmental Law” means any and all laws, statutes, ordinances, orders, common law, codes, rules or regulations or other
pronouncements having the effect of law of any country, state, province, city or other political subdivision thereof or of any Governmental Authority, Environmental Permits, Asbestos Laws, judgments, decrees, injunctions, or binding agreements with
any Governmental Authority, in each case, in effect as of the Closing Date, relating to the protection of health and the Environment, worker health and safety, and/or governing the handling, use, generation, treatment, storage, transportation,
disposal, manufacture, distribution, formulation, packaging, labeling, or Release of or exposure to Hazardous Materials. 
 “Environmental Permit” means any permits, licenses, approvals, consents or authorizations required or issued by any Governmental Authority under or in connection with any Environmental Law. 
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 
  

 A-5 

 “Excluded Assets” means, collectively, the OC Excluded Assets and the SG Excluded
Assets. 
 “Excluded Liabilities” means, collectively, the OC Excluded Liabilities and the SG Excluded Liabilities.

 “Existing JVs” means, as applicable, the OC Existing JVs and/or the SG Existing JVs. 
 “Exit Date” has the meaning ascribed to it in the Option Agreement. 
 “Financial Statements” means, collectively, the OC Financial Statements and the SG Financial Statements. 
 “Financial Support Arrangements” means any liabilities or obligations, contingent or otherwise, of a Person in respect of any
indebtedness, obligation or liability (including assumed indebtedness, obligations or liabilities) of another Person (and, in the case of the Parents, another division or business of the Parents), including remaining obligations or liabilities
associated with indebtedness, obligations or liabilities that are assigned, transferred or otherwise delegated to another Person, if any, letters of credit and standby letters of credit (including any related reimbursement or indemnity agreements),
direct or indirect guarantees, endorsements (except for collection or deposit in the ordinary course of business), notes co-made or discounted, recourse agreements, take-or-pay agreements, keep-well agreements, agreements to purchase or repurchase
such indebtedness, obligation or liability or any security therefor or to provide funds for the payment or discharge thereof, agreements to maintain solvency, assets, level of income or other financial condition, agreements to make payment other
than for value received and any other financial accommodations. 
 “Governmental Authority” means any governmental
authority, quasi-governmental authority, instrumentality, court, government or self-regulatory organization, commission, tribunal or organization or any regulatory, administrative or other agency, or any political or other subdivision, department or
branch of any of the foregoing. 
 “Hazardous Material” means (i) petroleum, petroleum hydrocarbons or petroleum
products, petroleum by-products, radioactive materials, Asbestos Materials, gasoline, diesel fuel, pesticides, urea formaldehyde, toxic mold, lead or lead-containing materials, polychlorinated biphenyls; (ii) any other chemicals, materials,
substances or wastes in any amount or concentration which are defined as or included in the definition of “hazardous substances,” “hazardous materials,” “hazardous wastes,” “extremely
hazardous wastes,” “restricted hazardous wastes,” “toxic substances,” “toxic pollutants,” “pollutants,” or “contaminants” or words of similar import, under
any Environmental Law; and (iii) any other chemicals, materials, substances or wastes in any amount or concentration which are otherwise regulated under or for which liability can be imposed under Environmental Laws. 
 “IFRS” means generally accepted International Financial Reporting Standards as in effect on the date of this Agreement. 
 “Income Taxes” means all Taxes based upon, measured by, or calculated with respect to, (i) gross or net income or gross or net
receipts or profits (including any capital gains, minimum 

  

 A-6 

 
taxes and any Taxes on items of tax preference, but not including sales, use, goods and services, real or personal property transfer or other similar Taxes),
(ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based upon, measured by, or calculated with respect to, is described in clause
(i) above or (iii) withholding taxes measured by, or calculated with respect to, any payments or distributions (other than wages). 
 “Intellectual Property” means such of (i) patent rights (including issued patents and pending patent applications, both provisional and non-provisional), (ii) trademark rights (including registrations and
applications for registration, and common law rights in, trademarks, design marks, service marks, logos, domain names, trade dress, corporate names and trade names including the goodwill of the business symbolized thereby or associated therewith),
(iii) copyrights (including registrations and applications for registration and all rights provided therein by international treaties and conventions) and computer software (excluding commercially available software), (iv) Know How,
(v) permits, licenses or other agreements to or from third parties regarding the foregoing, and (vi) all rights to sue or recover and retain damages and costs and attorney’s fees for past, present, and future infringement, dilution,
misappropriating or other violations of any of the foregoing; when used in this Agreement in relation to a Party, which this Party and/or any of its Affiliates owns, controls, or has the right to license as of the Closing Date. 
 “IP Event” means the relevant act under the applicable intellectual property law of the relevant jurisdiction that constitutes
infringement, misappropriation, dilution, or unlawful use of Intellectual Property rights. 
 “IP Holdcos” means
collectively US IP Holdco and Non-US IP Holdco. 
 “Joint Venture” shall have the meaning ascribed to it in the Joint
Venture Agreement. 
 “Know How” means such technical and business knowledge and data, formulations, processes, techniques,
drawings and designs, unpatented inventions (including inventions conceived prior to the Closing Date but not documented as of the Closing Date), operating manuals, manufacturing and quality control procedures, trade secrets, plans, accumulated
experience, plant and tool design, installation instructions, raw material specifications, advertising procedures, sales promotion literature, customer lists, price lists, invention disclosures, ‘enveloppes Soleau’ and research and
development projects, including without limitation the categories of Know How listed in Exhibit L attached to this Agreement. 
 “Leased Real Property” means, collectively, the OC Leased Real Property and the SG Leased Real Property. 
 “LIBOR Rate” means a rate per annum equal to the London Inter-bank Offered Rate for six (6) month deposits as published by British Bankers Association on the Closing Date, based on a 360-day year and the actual number
of days elapsed. 
 “Lien” means, (i) with respect to any asset, any mortgage, lien, claim, pledge, charge, security
interest or other encumbrance of any kind in respect of such asset, and (ii) with respect to real property, any title defects, encumbrances, easements and restrictions, invalidities or irregularities. 
  

 A-7 

 “material” or “materially” means, solely for the purposes of Sections
4.01(g)(iii), 4.01(g)(xii), 4.01(k)(i)(B), 4.01(k)(ii), 4.01(q)(iii), 4.01(q)(ix), 4.01(q)(xv), 4.01(s), 4.01(t), 4.02(g)(iii), 4.02(g)(xii), 4.02(k)(i)(B), 4.02(k)(ii), 4.02(q)(iii), 4.02(q)(ix), 4.02((q)(xv), 4.02(s), and 4.02(t), with respect to
the matter so qualified, that such matter has a value, or could reasonably be expected to have a value, exceeding USD3,000,000. For the avoidance of any doubt, this definition of “material” and “materially” shall not apply with
respect to “Material Adverse Effect.” 
 “Material Adverse Effect” means with respect to a Party or the Business
of a Party, any event, change, circumstance, effect or state of facts that is materially adverse to (i) the business, assets, liabilities, condition (financial or otherwise), prospects or results of operations of such Party or Business, taken
as a whole, or (ii) the ability of such Party or the Party whose Business is referenced to timely perform its obligations under this Agreement or the Transaction Documents to which it will be a party or to consummate the transactions
contemplated hereby or thereby, except for any such change, event or effect constituting, resulting from or arising out of (A) event, change, circumstance, effect or state of facts affecting the industry in which the Business operates
generally, (B) political or social conditions or instability, including the engagement by any nation in hostilities, whether or not pursuant to the declaration of a national emergency or war, or the occurrence of any military or terrorist
attack upon any nation, (C) changes, events or developments in financial or securities markets, general business conditions or the economy in general, (D) any change of Applicable Law, (E) any condition described in the Disclosure
Schedule, or (F) this Agreement, the announcement thereof or the transactions contemplated hereby. 
 “Metal” shall
have the meaning ascribed to it in the Joint Venture Agreement. 
 “Net Debt” means, with respect to each Parent’s
Business to be included in the Joint Venture, (i) cash or cash equivalents (net of any amounts drawn under any bank or other deposit or savings accounts prior to the Closing Date which has not been honored as of the Closing), minus
(ii) outstanding indebtedness to third parties for borrowed money (including the short term portion of capital leases) (including, for the avoidance of doubt, indebtedness owed by a Contributed Subsidiary to an Affiliate that is not a
Contributed Subsidiary but excluding indebtedness owed by one Contributed Subsidiary to another Contributed Subsidiary). With respect to the Existing JVs, the amount of net indebtedness to third parties, (including the short term portion of capital
leases), to be included in the calculation of Net Debt shall be equal to the amount of such entities’ outstanding indebtedness to third parties multiplied by the percentage shareholding of such Existing JV contributed to the Joint Venture.

 “Net Working Capital” means, with respect to each Parent’s Business to be included in the Joint Venture, current
assets, minus current liabilities. The calculation of Net Working Capital shall exclude Net Debt and the impact of income taxes and inventory shall be calculated using the First-In First-Out method. 
  

 A-8 

 “Non-Disclosure Agreement” means that certain letter agreement dated as of
March 18, 2005 between Owens Corning and Saint Gobain Vetrotex International (as amended through the date hereof). 
 “Non-US IP
Holdco” means Owens Corning Holdings 5 C.V., an entity organized under the laws of the Netherlands. 
 “OC Assumed
Liabilities” means all liabilities and obligations of Owens Corning and its Subsidiaries (other than OC Excluded Liabilities and other than liabilities of OC Contributed Subsidiaries), whether liquidated or unliquidated, known or unknown,
fixed or contingent, accrued or unaccrued, matured or unmatured, absolute, determined, determinable or indeterminable, or otherwise, whether presently in existence or arising hereafter, which are related to Owens Corning’s Business, the OC
Contributed Assets and the OC Employees as provided in Article VIII. 
 “OC Bankruptcy Plan of Reorganization” means that
certain Sixth Amended Joint Plan of Reorganization for Owens Corning and its Affiliated Debtors and Debtors-in-Possession (as Modified), dated as of July 10, 2006 as modified through September 26, 2006. 
 “OC Benefit Plan” means any plan, scheme, agreement or arrangement providing for compensation or benefits, including any bonus,
incentive compensation, deferred compensation, pension, profit sharing, retirement, supplemental pension, savings, retirement savings, superannuation, stock purchase, stock option, stock ownership, stock appreciation rights, phantom stock, or other
stock-based compensation plan, leave of absence, layoff, vacation, day or dependent care, legal services, cafeteria, life, health, dental, vision, drug, sick leave, accident, disability, workers compensation or other insurance, severance, retention,
change-in-control, employment, separation or other employee benefit plan, program, policy, agreement, arrangement policy or practice, whether or not formal or informal, funded or unfunded, registered or unregistered, mandated by law or voluntary,
insured or self-insured, whether for the benefit of a single individual or more than one individual, whether written or unwritten, sponsored, maintained or to which contributions have at any time been made by Owens Corning, the OC Contributed
Subsidiaries or any of their Subsidiaries or Affiliates for the benefit of any current or former Business Employees, or pursuant to which the OC Contributed Subsidiaries or their Subsidiaries could have liability. 
 “OC Contributed Assets” means, other than the OC Excluded Assets, all of the assets, properties, rights, licenses, permits, Contracts,
causes of action and business of every kind and description as the same shall exist on the Closing Date wherever located, personal or mixed, tangible or intangible, owned by, leased by or in the possession of Owens Corning or any of its Asset
Transferors, whether or not reflected in the books and records thereof, and held or used Primarily in connection with Owens Corning’s Business as conducted on the Closing Date, and including, except as otherwise specified herein, all direct or
indirect right, title and interest of Owens Corning or any of its Asset Transferors in, to and under: 
 (i) OC Contributed
Intellectual Property; 
 (ii) the OC Leased Real Property; 
  

 A-9 

 (iii) the rights and interests of Owens Corning and its Subsidiaries in the OC Owned Real
Property; 
 (iv) all personal property and interests therein, including machinery, equipment, furniture, office equipment,
communications equipment, vehicles, storage tanks, spare and replacement parts, fuel and other property (and interests in any of the foregoing) owned by Owens Corning or any of its Subsidiaries that are used Primarily in connection with Owens
Corning’s Business; 
 (v) all Contracts (other than the leases of real property relating to the OC Leased Real Property,
which leases constitute OC Contributed Assets only to the extent set forth in clause (ii) above) to which Owens Corning or any of its Subsidiaries is a party and which are related Primarily to Owens Corning’s Business; 
 (vi) all accounts receivable and notes receivable (including intercompany trade receivables), whether or not billed, accrued or otherwise
recognized in the Owens Corning Financial Statement or taken into account in the determination of the Owens Corning Adjusted Net Working Capital Amount, together with any unpaid interest or fees accrued thereon or other amounts due with respect
thereto of Owens Corning or its Subsidiaries that relate Primarily to Owens Corning’s Business, and any security or collateral for any of the foregoing; 
 (vii) all expenses (other than in respect of Income Taxes) that have been prepaid by Owens Corning or any of its Subsidiaries relating
Primarily to the operation of Owens Corning’s Business, including lease and rental payments; 
 (viii) all of Owens
Corning’s or any of its Subsidiaries’ rights, claims, credits, causes of action or rights of set-off against Persons other than Owens Corning and its Subsidiaries relating Primarily to Owens Corning’s Business or the OC Contributed
Assets, including unliquidated rights under manufacturers’ and vendors’ warranties (except to the extent relating to OC Excluded Assets or OC Excluded Liabilities); 
 (ix) all transferable franchises, licenses, permits or other authorizations issued by a Governmental Authority owned by or granted to, or
held or used by, Owens Corning or any of its Subsidiaries and Primarily related to Owens Corning’s Business; 
 (x)
except to the extent Owens Corning or any of its Subsidiaries is required to retain the originals pursuant to any Applicable Law (in which case copies shall be provided to the Company upon request), all business books, records, files and papers,
whether in hard copy or computer format, of Owens Corning or any of its Subsidiaries used Primarily in Owens Corning’s Business, including books of account, invoices, engineering information, sales and promotional literature, manuals and data,
sales and purchase correspondence, lists of present and former suppliers, lists of present and former customers, personnel and employment records of present employees, documentation developed or used for accounting, marketing, engineering,
manufacturing, or any other purpose relating Primarily to the conduct of Owens Corning’s Business at any time prior to the Closing; 
  

 A-10 

 (xi) all insurance proceeds (except to the extent relating to OC Excluded Assets or OC
Excluded Liabilities), net of any retrospective premiums, deductibles, retention or similar amounts, arising out of or related to damage, destruction or loss of any property or asset used Primarily in connection with Owens Corning’s Business to
the extent of any damage or destruction that remains unrepaired, or to the extent any property or asset remains unreplaced at the Closing Date and such proceeds were taken into account in the calculation of the Owens Corning Adjusted Net Working
Capital Amount; 
 (xii) all raw materials, work-in-process, finished goods, supplies, parts, spare parts and other
inventories that are held, used or intended by Owens Corning or its Subsidiaries for use Primarily in connection with Owens Corning’s Business; and 
 (xiii) all goodwill generated by or associated with Owens Corning’s Business. 
 “OC Contributed
Intellectual Property” means the Intellectual Property: 
 (a) of Owens Corning and its Affiliates which is used or
was used by the OC Contributed Subsidiaries, or 
 (b) of Owens Corning and its Affiliates which is necessary, or 

(c) which is held by the OC Contributed Subsidiaries for use, or 
 (d) of the OC Contributed Subsidiaries which could have been used by the OC Contributed Subsidiaries, 
 Primarily to develop, manufacture, use, market, distribute and sell Company Products in Owens Corning’s Business as conducted on or before the
Closing Date, which shall include the Intellectual Property identified on Schedule A-1. Notwithstanding the foregoing, OC Contributed Intellectual Property shall exclude OC Third Party Intellectual Property. 
 “OC Contributed Subsidiaries” means the OC Pre-Reorganized Subsidiaries together with, following the OC Reorganization, the OC
Reorganized Subsidiaries. 
 “OC Employment Affiliate” means any trade or business (whether or not incorporated) that is
connected through common ownership with Owens Corning that could result in liability to Owens Corning or any Affiliate under any OC Benefit Plan. 
 “OC Environmental Matters” means any Damages, arising out of or relating to: (1) any violations of any Environmental Permits or Environmental Laws as of or prior to the Closing Date by Owens Corning or its Subsidiaries
in connection with Owens Corning’s Business (or any of their respective predecessors); (2) the presence or Release of any Hazardous Materials on or prior to the Closing Date, at, in, to, on, under or emanating from any OC Owned Real
Property or OC Leased Real Property, in each case, (i) in violation of applicable Environmental Laws, (ii) in amounts, levels or concentrations that are required to be investigated or remediated under applicable Environmental Laws or by a
Governmental Authority, or (iii) are in excess of applicable remediation standards under applicable Environmental Laws, or (3) the exposure of 

  

 A-11 

 
any Person to any Hazardous Materials (including Asbestos Materials) on or prior to the Closing Date at, in, to, on, under or emanating from any OC Owned
Real Property or OC Leased Real Property. 
 “OC Excluded Assets” means the following assets: 
 (i) all original books and records that Owens Corning and its Subsidiaries shall be required to retain pursuant to any Applicable Law (in
which case copies of such books and records to the extent relating to Owens Corning’s Business shall be provided to the Company upon request), or that contain information relating to any business or activity of Owens Corning or any of its
Subsidiaries not forming a part of Owens Corning’s Business, or any employee of Owens Corning or any of its Subsidiaries that is not a Transferred Employee; 
 (ii) except to the extent that the following amounts are included in the calculation of the Owens Corning Adjusted Net Working Capital
Amount, all refunds of Income Taxes and all prepaid Income Taxes arising from or with respect to the OC Contributed Assets prior to the Closing or arising from or with respect to the operations of Owens Corning’s Business for periods (or
portions thereof) ending on or prior to the Closing Date, including all refunds of Taxes for Straddle Periods properly allocable to amounts paid by Owens Corning pursuant to Section 6.05; 
 (iii) except to the extent included in the calculation of the Owens Corning Adjusted Net Working Capital Amount, all assets of Owens
Corning and its Subsidiaries (other than Intellectual Property, which is governed by clause (vii) below) not held, owned or used Primarily in connection with Owens Corning’s Business; 
 (iv) all rights and claims of Owens Corning and its Subsidiaries under any of the Transaction Documents and the agreements and instruments
delivered to Owens Corning and its Subsidiaries by Saint-Gobain and the Company pursuant to any of the Transaction Documents; 
 (v) all capital stock or any other securities of Owens Corning or any of its Subsidiaries or any other Person, except for the OC Contributed Subsidiaries and the OC Existing JVs; 
 (vi) all Intellectual Property owned or controlled by Owens Corning and any of its Affiliates (other than OC Contributed Intellectual
Property), and all rights to sue at law or in equity for any infringement or other impairment thereof, including the right to receive all proceeds and damages therefrom, and all rights to obtain renewals, continuations, divisions or other extensions
of legal protections pertaining thereto. 
 (vii) all rights, claims, credits, causes of action, rights of set-off or other
assets related to any other OC Excluded Assets or to any OC Excluded Liabilities; 
 (viii) Metal owned, held or used by Owens
Corning or any of its Subsidiaries in the conduct of Owens Corning’s Business; 
  

 A-12 

 (ix) intercompany loans, except to the extent included in the calculation of Net Debt;

 (x) cash and cash equivalents except to the extent contemplated by Section 3.04 and except for cash and cash
equivalents used as collateral for Financial Support Arrangements and deposits with utilities, insurance companies and other Persons; and 
 (xi) assets contemplated by Schedule A-2. 
 “OC Excluded Environmental Matters”
means any Damages, arising out of or relating to: (1) real property formerly owned, operated, leased or occupied by Owens Corning or its Subsidiaries in connection with Owens Corning’s Business (or any of their respective predecessors)
arising under Environmental Laws or Environmental Permits; (2) the off-site transportation, treatment, storage or disposal of Hazardous Materials or the arrangement for the same by or on behalf of Owens Corning in connection with Owens
Corning’s Business or its Subsidiaries(or any of their respective predecessors) on or prior to the Closing Date; or (3) any asbestos or asbestos containing materials or products manufactured, processed, distributed, marketed or sold by
Owens Corning or its Subsidiaries in connection with Owens Corning’s Business (or any of their respective predecessors) on or prior to the Closing Date. 
 “OC Excluded Liabilities” means the following liabilities: 
 (i) all
liabilities and obligations for any Income Taxes in respect of taxable income for any period (or portion thereof) ending on or before the Closing Date; 
 (ii) all liabilities and obligations, whether presently in existence or arising after the date of the Agreement, relating to fees, commissions or expenses owed to any broker, finder, investment banker, accountant,
attorney or other intermediary or advisor employed by Owens Corning or any of its Subsidiaries in connection with the Contemplated Transactions; 
 (iii) all liabilities and obligations relating to claims in infringement, misappropriation, dilution or unlawful use of Intellectual Property for IP Events occurring prior to the Closing Date; 
 (iv) all liabilities and obligations with respect to intercompany loans, except to the extent included in the calculation of Net Debt;

 (v) all liabilities and obligations, whether presently in existence or arising after the date of this Agreement, relating
to or arising out of OC Excluded Assets or any business of Owens Corning or any of its Subsidiaries other than Owens Corning’s Business; 
 (vi) all Metal-related liabilities and obligations; 
 (vii) all liabilities and obligations,
whether arising prior to, on or after the Closing Date, arising out of or related to OC Environmental Matters; and 
  

 A-13 

 (viii) all liabilities and obligations, whether arising prior to, on or after the Closing
Date, arising out of or related to OC Excluded Environmental Matters. 
 “OC Existing JVs” means the joint ventures listed
on Schedule A-3. 
 “OC Fabricating Solutions Business” means products having potential and use in fabrication of
exterior or interior parts for recreational vehicles, trailers, storage sheds, railcars, or any vehicle or storage compartment comprising a panel, as well as floor systems for use in portable living quarters and storage buildings. 
 “OC Indemnified Environmental Matters” means any Damages, arising out of or relating to: (1) any violations of any Environmental
Permits or Environmental Laws as of or prior to the Closing Date by the OC Contributed Subsidiaries (or any of their respective predecessors); (2) the presence or Release of any Hazardous Materials on or prior to the Closing Date, at, in, to,
on, under or emanating from any OC Owned Real Property or OC Leased Real Property owned, leased, operated or occupied by the OC Contributed Subsidiaries, in each case, (i) in violation of applicable Environmental Laws, (ii) in amounts,
levels or concentrations that are required to be investigated or remediated under applicable Environmental Laws or by a Governmental Authority, or (iii) are in excess of applicable remediation standards under applicable Environmental Laws, or
(3) the exposure of any Person to any Hazardous Materials on or prior to the Closing Date at, in, to, on, under or emanating from any OC Owned Real Property or OC Leased Real Property owned, leased, operated or occupied by OC Contributed
Subsidiaries; provided, however, OC Indemnified Environmental Matters shall not include any Damages relating to or arising out of any Asbestos Laws or Asbestos Materials to the extent that any liability therefor has been discharged in the OC
Bankruptcy Plan of Reorganization or is covered by the 524(g) Injunction. 
 “OC Indemnified Excluded Environmental Matters”
means any Damages, arising out of or relating to: (1) real property formerly owned, operated, leased or occupied by the OC Contributed Subsidiaries (or any of their respective predecessors) arising under Environmental Laws or Environmental
Permits; (2) the off-site transportation, treatment, storage or disposal of Hazardous Materials or the arrangement for the same by or on behalf of the OC Contributed Subsidiaries (or any of their respective predecessors) on or prior to the
Closing Date; provided, however, OC Indemnified Excluded Environmental Matters shall not include any Damages relating to or arising out of any Asbestos Laws or Asbestos Materials to the extent that any liability therefor has been
discharged in the OC Bankruptcy Plan of Reorganization or is covered by the 524(g) Injunction. 
 “OC Intellectual Property License
Agreements” means (i) the License Agreement entered into by and between Owens-Corning Fiberglas Technology, Inc. and US IP Holdco, and (ii) the License Agreement entered into by and between Dutch OC Cooperatief Invest U.A. and
Non-US IP Holdco, copies of which are attached hereto as Exhibit M. 
 “OC Licensed Intellectual Property” means the
Intellectual Property of Owens Corning and its Affiliates to be licensed pursuant to the OC Intellectual Property License Agreements. 
  

 A-14 

 “OC Multiemployer Plan” means either a (i) multiemployer plan, within the meaning
of Section 3(37) of ERISA with respect to which Owens Corning or any OC Employment Affiliate has an obligation to contribute or has or could have withdrawal liability under Section 4201 of ERISA, or (ii) any plan maintained pursuant
to a collectively-bargained agreement pursuant to which more than one employer contributes pursuant to which OC Contributed Subsidiaries could have liability with respect to underfunding or withdrawal liability, other than national, regional or
industry-wide collective agreements. 
 “OC ND Negative Adjustment Amount” means, if Owens Corning’s Adjusted Net Debt
Amount is a negative amount, the amount by which Owens Corning’s Adjusted Net Debt Amount is less than negative USD1,000,000; for the avoidance of doubt, it being understood that the sign of such amount shall be negative for the purpose of the
calculations set forth in this Agreement. 
 “OC ND Positive Adjustment Amount” if Owens Corning’s Adjusted Net Debt
Amount is a positive amount, the lesser of (i) USD5,000,000 or (ii) the excess of Owens Corning’s Adjusted Net Debt (stated as a positive number) above USD1,000,000. 
 “OC Pre-Reorganized Subsidiaries” means the entities listed on Schedule A-4. 
 “OC Reorganization” means the reorganization contemplated by Section 2.02. 
 “OC Third Party Intellectual Property” means the third party Intellectual Property licensed to Owens Corning and/or its Affiliates
pursuant to the license agreements listed in Schedule A-5, which license agreements shall be assigned to the US IP Holdco and/or the Non-US IP Holdco. 
 “OC Threshold Amount” means USD145,500,000, which such amount has been derived from the OC Reference Date Balance Sheet. 
 “OC Total Adjustment” means the positive or negative amount derived from the sum of (i) the OC WC Positive Adjustment Amount or the OC WC Negative Adjustment Amount, as relevant and (ii) the
OC ND Positive Adjustment Amount or the OC ND Negative Adjustment Amount, as relevant. 
 “OC Veil Technologies Business”
means glass fiber mats and veils prepared by a process of dispersing glass fibers in white water and forming a web by passing the dispersed fibers over a web and draining the white water, but excluding wet chop input and uses required for multiple
application chopped strand products. 
 “OC WC Negative Adjustment Amount” means the amount, if any, by which (A) the
Owens Corning’s Adjusted Net Working Capital is less than (B) USD135,500,000; it being understood that the sign of such amount shall be negative for the purpose of the calculations set forth in this Agreement. 
 “OC WC Positive Adjustment Amount” means the amount, if any, by which (A) ) Owens Corning’s Adjusted Net Working Capital
Amount exceeds (B) USD155,500,000, not to exceed USD10,000,000. 
  

 A-15 

 “Ongoing Service Cost” means, in relation to a Retained DB Plan or Transferred DB Plan,
the cost of one year of benefit accrual, determined by the Actuaries in accordance with a FAS/IAS methodology and with the actuarial assumptions as set out in the relevant Benefit Schedule, with the assumptions being updated at the start of each
year following the Closing Date, provided that the actuarial assumptions (other than the discount rate and general price inflation rate, which shall be updated to reflect the economic environment) shall not be updated without the consent of both
Parents if such update would cause the ongoing service cost for the relevant year to be more than 4% higher than it would be if determined in accordance with the initial assumptions as set forth in the Benefit Schedules. 
 “Option Agreement” has the meaning set forth in the Joint Venture Agreement. 
 “Owned Real Property” means, collectively, the OC Owned Real Property and the SG Owned Real Property. 
 “Owens Corning Actuary” means an actuary or firm of actuaries nominated by Owens Corning (and disclosed in writing to Saint-Gobain) for
the purposes of this Agreement. 
 “Ownership Interests” shall have the meaning ascribed to such term in the Joint Venture
Agreement. 
 “Past Practice” means past practice consistently applied during the two-year period preceding the date hereof.

 “Pension Plan” means, in any jurisdiction, each scheme, fund, arrangement, plan or agreement (whether funded or unfunded)
set out in the relevant Benefit Schedule under which the Parent or any of its Affiliates provides, is liable to provide or has agreed to provide (or to which the Parent or any of its Affiliates contributes, is liable to contribute or has agreed to
contribute to the provision of) any Retirement Benefits for or in respect of any Company Employee and references to any Pension Plan shall be construed as also referring to its trustees, fiduciaries, managers and administrators (as applicable).

 “Permitted Liens” means any of the following: 
 (i) Liens for Taxes that (x) are not yet due or delinquent or (y) are being contested in good faith by appropriate proceedings;

 (ii) statutory Liens or landlords’, carriers’, warehousemen’s (including stocks en consignation),
mechanics’, suppliers’ (including réserve de propriété), materialmen’s, or other like Liens arising in the ordinary course of business with respect to amounts not yet overdue for a period of 60 days or
amounts being contested in good faith by appropriate proceedings; 
 (iii) with respect to real property, any Liens that do
not in the aggregate materially impair the use of such real property for its current use; 
 (iv) with respect to leased real
property, any Liens that affect underlying fee interest; 
  

 A-16 

 (v) Liens in favor of a customer of the Business arising in the ordinary course of
business; and 
 (vi) rights of third party licensors in software licensed to a Party. 
 “Person” means an individual, a corporation, a general partnership, a limited partnership, a limited liability company, a limited
liability partnership, joint stock company, an unincorporated association, a trust, joint venture or any other entity or organization, including a Governmental Authority. 
 “Pre-Reorganized Subsidiaries” means, as applicable, the OC Pre-Reorganized Subsidiaries and the SG Pre-Reorganized Subsidiaries. 
 “Primarily” means, with respect to an asset, that at least 50% of the use made of such asset is in connection with the Business.

 “Recoverable Damages” means Damages in excess of USD500,000 (after aggregating all Damages arising from a related series
of acts, omissions, events or circumstances for purposes of determining if this threshold is reached); provided, that if this threshold is reached, the entire amount of such Damages shall be a Recoverable Damages. 
 “Reference Date Balance Sheet” means, as applicable, the OC Reference Date Balance Sheet and the SG Reference Date Balance Sheet.

 “Release” means any spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching,
dumping, or disposing of a Hazardous Material. 
 “Reorganization” means, as applicable, the OC Reorganization and the SG
Reorganization. 
 “Representatives” means, with respect to a Person, each of its respective directors, officers, attorneys,
accountants, employees, advisors or agents. 
 “Retained DB Plan” means, in any jurisdiction, each Pension Plan, as
applicable, which provides DB Benefits for which the sponsorship of and obligations of the plan will remain with the Parent or any of its Affiliates (other than the Company and its Subsidiaries) on completion of the transactions envisaged by this
Agreement. 
 “Retained DC Plan” means, in any jurisdiction, each Pension Plan, as applicable, which provides DC Benefits
for which the sponsorship of and obligations of the plan will remain with the Parent or any of its Affiliates (other than the Company or its Subsidiaries) on completion of the transactions envisaged by this Agreement. 
 “Retained Plans” means, in any jurisdiction, the Retained DB Plans and the Retained DC Plans. 
 “Retirement Benefits” means any pension, lump sum, gratuity or similar benefit payable or prospectively or contingently payable on or
following retirement, leaving service, invalidity or 

  

 A-17 

 
death, including termination indemnity (or seniority) payments and long service awards and post-retirement medical, dental and other healthcare and welfare
benefits but excluding benefits provided under any arrangement the sole purpose of which is to provide benefits on the injury or accidental death of an Employee. 
 “Review Firm” means Pricewaterhouse Coopers LLP, to the extent it is willing to accept an appointment as the Review Firm and the same is approved by the board of directors of each of the Parents, or
an appropriate committee thereof, or such other accounting firm as the Parents shall agree, other than the Unaffiliated Firm, and failing agreement by the Parents, such firm as appointed by the ICC in accordance with the ICC Rules. 
 “Risk Benefits” means life insurance benefits, medical, dental and other welfare benefits (but excluding any post-retirement medical,
dental and other healthcare and welfare benefits) , accidental death and dismemberment benefits and any other benefits provided on ill-health, injury, death, long-term or short-term disability. 
 “Risk Plan” means, in any jurisdiction, each scheme, fund, arrangement, plan or agreement (whether funded or unfunded) set out in the
relevant Benefit Schedule under which Risk Benefits are provided for or in respect of any Transferred Employee. 
 “Saint-Gobain
Actuary” means an actuary or firm of actuaries nominated by Saint-Gobain (and disclosed in writing to Owens Corning) for the purposes of this Agreement. 
 “SG Assumed Liabilities” means all liabilities and obligations of Saint-Gobain and its Affiliates (other than SG Excluded Liabilities and other than liabilities of SG Contributed Subsidiaries),
whether liquidated or unliquidated, known or unknown, fixed or contingent, accrued or unaccrued, matured or unmatured, absolute, determined, determinable or indeterminable, or otherwise, whether presently in existence or arising hereafter, which are
related to Saint-Gobain’s Business, the SG Contributed Assets and the SG Employees as provided in Article VIII. 
 “SG Benefit
Plan” means any plan, scheme, agreement or arrangement providing for compensation or benefits, including any bonus, incentive compensation, deferred compensation, pension, profit sharing, retirement, supplemental pension, savings,
retirement savings, superannuation, stock purchase, stock option, stock ownership, stock appreciation rights, phantom stock, or other stock-based compensation plan, leave of absence, layoff, vacation, day or dependent care, legal services,
cafeteria, life, health, dental, vision, drug, sick leave, accident, disability, workers compensation or other insurance, severance, retention, change-in-control, employment, separation or other employee benefit plan, program, policy, agreement,
arrangement policy or practice, whether formal or informal, funded or unfunded, registered or unregistered, mandated by law or voluntary, insured or self-insured, whether for the benefit of a single individual or more than one individual, whether
written or unwritten, sponsored, maintained or to which contributions have at any time been made by Saint-Gobain, the SG Contributed Subsidiaries or any of their Subsidiaries or Affiliates for the benefit of any current or former Business Employees,
or pursuant to which the SG Contributed Subsidiaries or their Subsidiaries could have liability. 
  

 A-18 

 “SG Contributed Assets” means, other than the SG Excluded Assets, all of the assets,
properties, rights, licenses, permits, Contracts, real property, causes of action and business of every kind and description as the same shall exist on the Closing Date wherever located, real, personal or mixed, tangible or intangible, owned by,
leased by or in the possession of Saint-Gobain or any of its Asset Transferors, whether or not reflected in the books and records thereof, and held or used Primarily (other than SG Contributed Intellectual Property) in Saint-Gobain’s Business
as conducted on the Closing Date, and including, except as otherwise specified herein, all direct or indirect right, title and interest of Saint-Gobain or any of its Asset Transferors in, to and under: 
 (i) SG Contributed Intellectual Property; 
 (ii) the SG Leased Real Property; 
 (iii) the rights and interests of Saint-Gobain and its
Affiliates in the SG Owned Real Property; 
 (iv) all personal property and interests therein, including machinery, equipment,
furniture, office equipment, communications equipment, vehicles, storage tanks, spare and replacement parts, fuel and other property (and interests in any of the foregoing) owned by Saint-Gobain or any of its Affiliates that are used Primarily in
connection with Saint-Gobain’s Business; 
 (v) all Contracts (other than the leases of real property relating to the SG
Leased Real Property, which leases constitute SG Contributed Assets only to the extent set forth in clause (ii) above) to which Saint-Gobain or any of its Affiliates is a party and which are related Primarily to Saint-Gobain’s Business;

 (vi) all accounts receivable and notes receivable (including the intercompany trade receivables), whether or not billed,
accrued or otherwise recognized in the SG Financial Statement or taken into account in the determination of the Saint-Gobain Adjusted Net Working Capital Amount, together with any unpaid interest or fees accrued thereon or other amounts due with
respect thereto of Saint-Gobain or its Affiliates that relate Primarily to Saint-Gobain’s Business, and any security or collateral for any of the foregoing; 
 (vii) all expenses (other than in respect of Income Taxes) that have been prepaid by Saint-Gobain or any of its Affiliates relating
Primarily to the operation of Saint-Gobain’s Business, including lease and rental payments; 
 (viii) all of
Saint-Gobain’s or any of its Subsidiaries’ rights, claims, credits, causes of action or rights of set-off against Persons other than Saint-Gobain and its Affiliates relating Primarily to Saint-Gobain’s Business or the SG Contributed
Assets, including unliquidated rights under manufacturers’ and vendors’ warranties (except to the extent relating to SG Excluded Assets or SG Excluded Liabilities); 
 (ix) all transferable franchises, licenses, permits or other authorizations issued by a Governmental Authority owned by or granted to, or
held or used by, Saint-Gobain or any of its Affiliates and Primarily related to Saint-Gobain’s Business; 
  

 A-19 

 (x) except to the extent Saint-Gobain or any of its Affiliates is required to retain the
originals pursuant to any Applicable Law (in which case copies shall be provided to the Company upon request), all business books, records, files and papers, whether in hard copy or computer format, of Saint-Gobain or any of its Affiliates used
Primarily in Saint-Gobain’s Business, including books of account, invoices, engineering information, sales and promotional literature, manuals and data, sales and purchase correspondence, lists of present and former suppliers, lists of present
and former customers, personnel and employment records of present employees, documentation developed or used for accounting, marketing, engineering, manufacturing, or any other purpose relating Primarily to the conduct of Saint-Gobain’s
Business at any time prior to the Closing; 
 (xi) all insurance proceeds (except to the extent relating to SG Excluded Assets
or SG Excluded Liabilities), net of any retrospective premiums, deductibles, retention or similar amounts, arising out of or related to damage, destruction or loss of any property or asset used Primarily in connection with Saint-Gobain’s
Business to the extent of any damage or destruction that remains unrepaired, or to the extent any property or asset remains unreplaced at the Closing Date and such proceeds were taken into account in the calculation of the Saint-Gobain Adjusted Net
Working Capital Amount; 
 (xii) all raw materials, work-in-process, finished goods, supplies, parts, spare parts and other
inventories that are held, used or intended by Saint-Gobain or its Subsidiaries for use Primarily in connection with Saint-Gobain’s Business; and 
 (xiii) all goodwill generated by or associated with Saint-Gobain’s Business. 
 “SG Contributed
Intellectual Property” means the Intellectual Property: 
 (a) of Saint-Gobain and its Affiliates which is used or was used by the
SG Contributed Subsidiaries, or 
 (b) of Saint-Gobain and its Affiliates which is necessary, or 
 (c) which is held by the SG Contributed Subsidiaries or the SG TS Subsidiaries for use, or 
 (d) of the SG Contributed Subsidiaries and the SG TS Subsidiaries which could have been used by the SG Contributed Subsidiaries, 
 exclusively to develop, manufacture, use, market, distribute and sell Company Products in Saint-Gobain’s Business as conducted on or before the Closing Date, which
shall include the Intellectual Property identified on Schedule A-6. Notwithstanding the foregoing, SG Contributed Intellectual Property shall exclude SG Third Party Intellectual Property. 
 “SG Contributed Subsidiaries” means the SG Pre-Reorganized Subsidiaries together with, following the SG Reorganization, the SG
Reorganized Subsidiaries. 
  

 A-20 

 “SG Employment Affiliate” means any trade or business (whether or not incorporated) that
has common ownership with Saint-Gobain that could result in liability to Saint-Gobain or any Affiliate under any SG Benefit Plan. 
 “SG Environmental Matters” means any Damages, arising out of or relating to: (1) any violations of any Environmental Permits or Environmental Laws as of or prior to the Closing Date by Saint-Gobain or its Affiliates in
connection with Saint-Gobain’s Business (or any of their respective predecessors); (2) the presence or Release of any Hazardous Materials on or prior to the Closing Date, at, in, to, on, under or emanating from any SG Owned Real Property
or SG Leased Real Property, in each case, (i) in violation of applicable Environmental Laws, (ii) in amounts, levels or concentrations that are required to be investigated or remediated under applicable Environmental Laws or by a
Governmental Authority, or (iii) are in excess of applicable remediation standards under applicable Environmental Laws, or (3) the exposure of any Person to any Hazardous Materials (including Asbestos Materials) on or prior to the Closing
Date at, in, to, on, under or emanating from any SG Owned Real Property or SG Leased Real Property. 
 “SG Excluded Assets”
means the following assets: 
 (i) all original books and records that Saint-Gobain and its Affiliates shall be required to
retain pursuant to any Applicable Law (in which case copies of such books and records to the extent relating to Saint-Gobain’s Business shall be provided to the Company upon request), or that contain information relating to any business or
activity of Saint-Gobain or any of its Affiliates not forming a part of Saint-Gobain’s Business, or any employee of Saint-Gobain or any of its Affiliates that is not a Transferred Employee; 
 (ii) except to the extent that the following amounts are included in the calculation of the Saint-Gobain Adjusted Net Working Capital
Amount, all refunds of Income Taxes and all prepaid Income Taxes arising from or with respect to the SG Contributed Assets prior to the Closing or arising from or with respect to the operations of Saint-Gobain’s Business for periods (or
portions thereof) ending on or prior to the Closing Date, including all refunds of Taxes for Straddle Periods properly allocable to amounts paid by Saint-Gobain pursuant to Section 6.05; 
 (iii) except to the extent included in the calculation of the Saint-Gobain Adjusted Net Working Capital Amount, all assets of Saint-Gobain
and its Affiliates (other than Intellectual Property, which is governed by clause (vii) below) not held, owned or used Primarily in connection with Saint-Gobain’s Business; 
 (iv) all rights and claims of Saint-Gobain and its Affiliates under any of the Transaction Documents and the agreements and instruments
delivered to Saint-Gobain and its Affiliates by Owens Corning and the Company pursuant to any of the Transaction Documents; 
 (v) all capital stock or any other securities of Saint-Gobain or any of its Affiliates or any other Person, except for the SG Contributed Subsidiaries and the SG Existing JVs; 
  

 A-21 

 (vi) all Intellectual Property owned or controlled by Saint-Gobain and any of its
Affiliates (other than SG Contributed Intellectual Property), and all rights to sue at law or in equity for any infringement or other impairment thereof, including the right to receive all proceeds and damages therefrom, and all rights to obtain
renewals, continuations, divisions or other extensions of legal protections pertaining thereto; 
 (vii) all rights, claims,
credits, causes of action, rights of set-off or other assets related to any other Saint-Gobain Excluded Asset or to any SG Excluded Liabilities; 
 (viii) Metal owned, held or used by Saint-Gobain or any of its Affiliates in the conduct of Saint-Gobain’s Business; 
 (ix) intercompany loans, except to the extent included in the calculation of Net Debt; 
 (x)
cash and cash equivalents except to the extent contemplated by Section 3.04 and except for cash and cash equivalent used as collateral for Financial Support Arrangements and deposits with utilities, insurance companies and other Persons; and

 (xi) assets contemplated by Schedule A-7. 
 “SG Excluded Environmental Matters” means any Damages, arising out of or relating to: (1) real property formerly owned, operated,
leased or occupied by Saint-Gobain or its Affiliates in connection with Saint-Gobain’s Business (or any of their respective predecessors) arising under Environmental Laws or Environmental Permits; (2) the off-site transportation,
treatment, storage or disposal of Hazardous Materials or the arrangement for the same by or on behalf of Saint-Gobain in connection with Saint-Gobain’s Business or its Affiliates (or any of their respective predecessors) on or prior to the
Closing Date; or (3) any asbestos or asbestos containing materials or products manufactured, processed, distributed, marketed or sold by Saint-Gobain or its Affiliates in connection with Saint-Gobain’s Business (or any of their respective
predecessors) on or prior to the Closing Date. 
 “SG Excluded Liabilities” means the following liabilities: 
 (i) all liabilities and obligations for any Income Taxes in respect of taxable income for any period (or portion thereof) ending on or
before the Closing Date; 
 (ii) all liabilities and obligations, whether presently in existence or arising after the date of
the Agreement, relating to fees, commissions or expenses owed to any broker, finder, investment banker, accountant, attorney or other intermediary or advisor employed by Saint-Gobain or any of its Subsidiaries in connection with the Contemplated
Transactions; 
 (iii) all liabilities and obligations relating to claims of infringement, misappropriation, dilution or
unlawful use of Intellectual Property for IP Events occurring prior to the Closing Date; 
  

 A-22 

 (iv) all liabilities and obligations with respect to intercompany loans, except to the
extent included in the calculation of Net Debt; 
 (v) all liabilities and obligations, whether presently in existence or
arising after the date of this Agreement, relating to or arising out of SG Excluded Assets or any business of Saint-Gobain or any of its Affiliates other than Saint-Gobain’s Business; 
 (vi) all Metal-related liabilities and obligations; 
 (vii) all liabilities and obligations, whether arising prior to, on or after the Closing Date, arising out of or related to SG
Environmental Matters; and 
 (viii) all liabilities and obligations, whether arising prior to, on or after the Closing Date,
arising out of or related to SG Excluded Environmental Matters. 
 “SG Existing JVs” means the joint ventures listed on
Schedule A-8. 
 “SG Indemnified Environmental Matters” means any Damages, arising out of or relating to:
(1) any violations of any Environmental Permits or Environmental Laws as of or prior to the Closing Date by the SG Contributed Subsidiaries (or any of their respective predecessors); (2) the presence or Release of any Hazardous Materials
on or prior to the Closing Date, at, in, to, on, under or emanating from any SG Owned Real Property or SG Leased Real Property owned, leased, operated or occupied by the SG Contributed Subsidiaries, in each case, (i) in violation of applicable
Environmental Laws, (ii) in amounts, levels or concentrations that are required to be investigated or remediated under applicable Environmental Laws or by a Governmental Authority, or (iii) are in excess of applicable remediation standards
under applicable Environmental Laws, or (3) the exposure of any Person to any Hazardous Materials (including Asbestos Materials) on or prior to the Closing Date at, in, to, on, under or emanating from any SG Owned Real Property or SG Leased
Real Property owned, leased, operated or occupied by SG Contributed Subsidiaries. 
 “SG Indemnified Excluded Environmental
Matters” means any Damages, arising out of or relating to: (1) real property formerly owned, operated, leased or occupied by the SG Contributed Subsidiaries (or any of their respective predecessors) arising under Environmental Laws or
Environmental Permits; (2) the off-site transportation, treatment, storage or disposal of Hazardous Materials or the arrangement for the same by or on behalf of the SG Contributed Subsidiaries (or any of their respective predecessors) on or
prior to the Closing Date; and (3) any asbestos or asbestos containing materials or products manufactured, processed, distributed, marketed or sold by the SG Contributed Subsidiaries (or any of their respective predecessors) on or prior to the
Closing Date. 
 “SG Intellectual Property License Agreements” means the SG Intellectual Property License Agreements to be
entered into by and among Saint-Gobain Technical Fabrics Europe S.A.S. and US IP Holdco and Non-US IP Holdco, substantially in the forms attached hereto as Exhibit N-1 and Exhibit N-2, respectively. 
 “SG Multiemployer Plan” means either a (i) multiemployer plan within the meaning of Section 3(37) of ERISA with respect to
which Saint-Gobain or any SG Employment Affiliate has 

  

 A-23 

 
an obligation to contribute or has or could have withdrawal liability under Section 4201 of ERISA, or (ii) any plan maintained pursuant to a
collectively-bargained agreement pursuant to which more than one employer contributes pursuant to which SG Contributed Subsidiaries could have liability with respect to underfunding or withdrawal liability, other than national, regional or
industry-wide collective agreements. 
 “SG ND Negative Adjustment Amount” means, if Saint-Gobain’s Adjusted Net Debt
Amount is a negative amount, the amount by which Saint-Gobain’s Adjusted Net Debt Amount is less than negative USD1,000,000; for the avoidance of doubt, it being understood that the sign of such amount shall be negative for the purpose of the
calculations set forth in this Agreement. 
 “SG ND Positive Adjustment Amount” if Saint-Gobain’s Adjusted Net Debt
Amount is a positive amount, the lesser of of (i) USD5,000,000 or (ii) the excess of Saint-Gobain’s Adjusted Net Debt (stated as a positive number) above USD1,000,000. 
 “SG Pre-Reorganized Subsidiaries” means the entities listed on Schedule A-9. 
 “SG Reorganization” means the reorganization contemplated by Section 2.03. 
 “SG Textile Solutions Business” means the worldwide manufacture, sale, and distribution of “Glass Fiber Yarns” and
“Textile Fabrics” as defined below: 
 “Glass Fiber Yarns” shall mean “Continuous Filament Products,” “Untwisted
Products,” “Texturized Products,” and “Chopped Products,” as defined below: 
 “Continuous Filament
Products” means products that are: 
 twisted and/or plied in a secondary operation with turns 3 5 turns per meter; 
 or wound on a textile
bobbin or cops; or 
 sized with a starch based composition. 
 “Untwisted Products” means products that are: 
 made from: 
 E Glass batch formulation with boron oxide content >5.5%; or 
 C glass batch formulation; and are 
 direct rovings with a linear density of TEX value of £ 300 g/km. 
 “Texturized Products” means air texturized glass fiber strands with a nominal diameter £ 14 micron. 
 “Chopped Products” means products that are made
from the waste of Continuous 
 Filament Products, Untwisted Products, and/or Texturized Products, provided that the chopped waste shall not
exceed 3% of the production of the underlying product. 
 “Textile Fabrics” shall mean converted products which are: 
 (i) constructed from: 
  

 A-24 

 yarns; and/or 
 other continuous or chopped fibers such as glass carbon, synthetic polymers purchased from Company or a third party; and 
 (ii) constructed as: 
 fabrics; 
 complexes; 
 scrims; 
 tapes; wet laid mats, and 
 related structures; 
 but not
as 
 chopped strand mats; or 
 continuous filaments mats; and 
 (iii) are sold into the following applications and/or markets: 
 Electronic applications: 
 printed circuit boards; 
 insulation (panels, wired); and 
 braiding; 
 Construction/housing applications: 
 mat for shingles; 
 asphalt reinforcements; 
 façade cladding, grids, laid scrim, insulation facing; 
 cement boards, gypsum board
reinforcement (grids, open mesh); 
 wall covering; 
 flooring; 
 dry wall tape; 
 insect screening (PVC coated products, lineal assembled screens); and 
 fluorinated polymer (including PTFE) coated products; and 
 Industrial applications: 
 grinding wheels reinforcement; 
 filtration; 
 fluorinated polymers coated products; 
 geotextiles (road reinforcement and civil engineering); 
 industrial wipes, medical clothing fabrics; and 
 coating and laminating. 
 “SG Threshold Amount” means USD169,000,000, which such amount has been derived from the SG Reference Date Balance Sheet, 
 “SG Third Party Intellectual Property” means the third party Intellectual Property licensed to the SG Contributed Subsidiaries pursuant to the license agreements listed in Schedule A-10. 
  

 A-25 

 “SG Total Adjustment” means the positive or negative amount derived from the sum of
(i) the SG WC Positive Adjustment Amount or the SG WC Negative Adjustment Amount, as relevant and (ii) the SG ND Positive Adjustment Amount or the SG ND Negative Adjustment Amount, as relevant. 
 “SG TS Subsidiaries” means the Subsidiaries of Saint-Gobain, following the SG Reorganization, that are engaged in the Saint-Gobain
Textile Solutions Business. 
 “SG WC Negative Adjustment Amount” means the amount, if any, by which
(A) Saint-Gobain’s Adjusted Net Working Capital is less than (B) USD159,000,000; it being understood that the sign of such amount shall be negative for the purpose of the calculations set forth in this Agreement. 
 “SG WC Positive Adjustment Amount” means the amount, if any, by which (A) Saint-Gobain’s Adjusted Net Working Capital Amount
exceeds (B) USD179,000,000, not to exceed USD10,000,000. 
 “Shareholders” means the shareholders of the Company.

 “Subsidiary” as it relates to any Person, means with respect to such Person, any other Person of which the specified
Person, either directly or through or together with any other of its Subsidiaries, owns more than 50% of the voting power in the election of directors or their equivalents or otherwise having the power to direct the business and policies of that
Person, other than as affected by events of default; provided, that the Company shall not be considered a Subsidiary of either of the Parents for purposes of this Agreement. 
 “Subsidiary Transferor” means, with respect to each of Owens Corning and Saint-Gobain, an Affiliate of Owens Corning or Saint-Gobain,
respectively, that is the record holder of the outstanding ownership interests in a Contributed Subsidiary. 
 “Tax
Authority” means a Governmental Authority having jurisdiction over the assessment, determination, collection or imposition of any Tax. 
 “Tax Returns” means all returns (including information returns), declarations, reports, estimates and statements regarding Taxes required to be filed with any Tax Authority. 
 “Taxes” means, in respect of any applicable jurisdiction, all United States federal, state, county, local, municipal and non-United
States taxes, assessments, duties or similar charges of any kind whatsoever, including all corporate franchise, income, sales, use, ad valorem, receipts, value added, profits, license, withholding, payroll, employment, excise, premium, property,
abandoned property, escheat, customs, net worth, capital gains, transfer, stamp, documentary, social security, environmental, alternative minimum, occupation, recapture and other taxes, and including all interest, penalties and additions imposed
with respect to such amounts, and all amounts payable pursuant to any Contract with respect to Taxes. 
 “Transaction
Documents” means this Agreement, the Asbestos Indemnity Agreement, the Asbestos Guaranty, the Master Transition Services Agreement (as defined in the Joint 

  

 A-26 

 
Venture Agreement), the Option Agreement, the SG Intellectual Property License Agreement, the SG Leased Real Property Assignment Agreements, the Form of
Product Supply Agreements (as defined in the Joint Venture Agreement), the Joint Venture Agreement, any other agreement to be entered into pursuant to the terms of this Agreement or the Joint Venture Agreement and any other written agreement signed
by the Parties that is expressly identified as a “Transaction Document” hereunder and any exhibits or attachments to any of the foregoing, as the same may be amended from time to time. 
 “Transferred DB Plan” means, in any jurisdiction, each Pension Plan, as applicable, which provides DB Benefits and which relates solely
to the relevant Company Employees and which will be assumed by the Company and its Subsidiaries on completion of the transactions envisaged by this Agreement. 
 “Transferred DC Plan” means, in any jurisdiction, each Pension Plan, as applicable, which provides DC Benefits and which relates solely to the relevant Company Employees and which will be assumed by
the Company and its Subsidiaries on completion of the transactions envisaged by this Agreement. 
 “Transferred Employees”
means, collectively, the OC Employees and the SG Employees. 
 “Transferred Plans” means, in any jurisdiction, the
Transferred DB Plans and the Transferred DC Plans. 
 “USD” means United Stated Dollars. 
 “U.S. GAAP” means United States Generally Accepted Accounting Principles as in effect on the date of this Agreement. 
 “US IP Holdco” means Owens-Corning Fiberglas Technology II, LLC, a limited liability company incorporated under the laws of Delaware.

 “Working Capital Threshold Amount” means the OC Threshold Amount or SG Threshold Amount as applicable. 
 (b) “To the knowledge,” “known by,” “known” or “knowingly” (and any similar phrase) means
(i) with respect to Owens Corning, to the actual knowledge of the Owens Corning individuals listed in Schedule A-11 and, when used in a representation and warranty, shall be deemed to include a representation that a reasonable
investigation or inquiry of the subject matter thereof has been made of such individuals, (ii) with respect to Saint-Gobain, to the actual knowledge of the Saint-Gobain individuals listed in Schedule A-12, and, when used in a
representation and warranty, shall be deemed to include a representation that a reasonable investigation or inquiry of the subject matter thereof has been made of such individuals. 
 (c) Each of the following terms is defined in the Section set forth opposite such term: 
  

 A-27 

			
	 Term
	  	 Section

		
	 524(g) Injunction
	  	 4.01(bb)

		
	 Actuaries
	  	 8.04(a)(ii)(A)

		
	 Additional Annual Charge
	  	 8.04(d)(ii)

		
	 Adjusted Net Debt Amount
	  	 3.04(a)

		
	 Adjusted Net Working Capital Amount
	  	 3.04(a)

		
	 Adjusted OC Pre-Close Unfunded Liabilities
	  	 8.04(a)(ii)(b)

		
	 Adjusted SG Pre-Close Unfunded Liabilities
	  	 8.04(a)(ii)(b)

		
	 Agreement
	  	 Preamble

		
	 Annual Cost
	  	 8.04(d)(ii)

		
	 Benefits Schedules
	  	 8.01(b)(ii)

		
	 Boycott Countries
	  	 4.02(w)

		
	 Carve-out Facilities
	  	 5.10(g)

		
	 Closing
	  	 3.02

		
	 Company
	  	 Preamble

		
	 Company Employees
	  	 8.01(a)

		
	 Company Indemnified Parties
	  	 11.02(a)

		
	 Consent Failure
	  	3.06
		
	 Contributed Manufacturing Facilities
	  	 5.10(d)

		
	 Disclosure Notice
	  	 10.04

		
	 Embargoed Countries
	  	 4.02(w)

		
	 Excluded Materials
	  	 5.10(f)

		
	 Excluded Technology
	  	 5.10(f)

		
	 Facility
	  	 5.08

		
	 Foreign Government Representative
	  	 4.01(v)

		
	 ICC
	  	 13.14(b)

		
	 ICC Rules
	  	 13.14(b)

		
	 Inactive Employees
	  	 8.01(a)

		
	 Indemnified Claim
	  	 11.03(a)

		
	 Indemnified Party
	  	 11.03(a)

		
	 Indemnifying Party
	  	 11.03(a)

		
	 Indemnity Caps
	  	 11.04(c)(ii)

		
	 Indemnity Threshold
	  	 11.04(a)(ii)

		
	 Insurance Liabilities
	  	 5.05(c)

		
	 Joinder
	  	 2.01

		
	 Joint Venture Agreement
	  	 Preamble

		
	 Key OC Employee
	  	 8.10(a)

		
	 Key SG Employee
	  	 8.10(b)

		
	 Know How Material
	  	 5.10(d)

		
	 OC Actuary
	  	 8.04(a)(ii)(A)

		
	 OC Employee
	  	 4.01(s)(i)

		
	 OC Environmental Claim
	  	 11.01(f)

		
	 OC Excess Shareholder Loan
	  	 3.05(b)

		
	 OC Financial Statements
	  	 4.01(f)

		
	 OC Indemnified Parties
	  	 11.02(b)

  

 A-28 

			
	 OC Indemnity Cap
	  	11.04(a)(ii)
		
	 OC Leased Real Property
	  	4.01(h)(iv)
		
	 OC Material Customer
	  	4.01(y)
		
	 OC Material Supplier
	  	4.01(y)
		
	 OC Owned Real Property
	  	4.01(h)(iii)
		
	 OC Pension Exit Price Adjustment
	  	8.04(a)(iii)
		
	 OC Pre-Close Unfunded Liabilities
	  	8.04(a)(ii)(A)
		
	 OC Reference Date Balance Sheet
	  	4.01(f)
		
	 OC Reorganized Subsidiaries
	  	2.02(b)
		
	 OC Shortfall Shareholder Loan
	  	3.05(a)
		
	 OC Topco
	  	Preamble
		
	 OC Transferred DB Plans
	  	8.04(a)(ii)(A)
		
	 Owens Corning
	  	Preamble
		
	 Parent
	  	Preamble
		
	 Parents
	  	Preamble
		
	 Parties
	  	Preamble
		
	 Party
	  	Preamble
		
	 PCT
	  	5.10(o)
		
	 Pre-closing Period
	  	6.05(c)
		
	 Proposed Adjusted Net Debt
	  	3.04(a)
		
	 Proposed Adjusted Net Working Capital Amount
	  	3.04(a)
		
	 Saint-Gobain
	  	Preamble
		
	 SG Actuary
	  	8.04(a)(ii)(A)
		
	 SG Employee
	  	4.02(s)(i)
		
	 SG Environmental Claim
	  	11.01(e)
		
	 SG Excess Shareholder Loan
	  	3.05(d)
		
	 SG Financial Statements
	  	4.02(f)
		
	 SG Indemnified Parties
	  	11.02(a)
		
	 SG Indemnity Cap
	  	11.04(c)(ii)
		
	 SG Leased Real Property
	  	4.02(h)(iv)
		
	 SG Material Customer
	  	4.02(z)
		
	 SG Material Supplier
	  	4.02(z)
		
	 SG Owned Real Property
	  	4.02(h)(iii)
		
	 SG Pension Exit Price Adjustment
	  	8.04(a)(iii)
		
	 SG Pre-Close Unfunded Liabilities
	  	8.04(a)(ii)(A)
		
	 SG Reference Date Balance Sheet
	  	4.02(f)
		
	 SG Reorganized Subsidiaries
	  	2.03(b)
		
	 SG Shortfall Shareholder Loan
	  	3.05(c)
		
	 SG Topco
	  	Preamble
		
	 SG Transferred DB Plans
	  	8.04(a)(ii)(A)
		
	 Shortfall Shareholder Loan
	  	3.05(a)
		
	 Sponsoring Entity
	  	8.04(d)(ii)
		
	 Straddle Period
	  	6.05(c)
		
	 Surviving Representations or Covenants
	  	11.01(c)
		
	 Tax Claim
	  	6.05(g)
		
	 Tax Indemnifying Party
	  	6.05(g)(i)

  

 A-29 

			
	 Third Party Claim
	  	11.03(a)
		
	 Unaffiliated Firm
	  	3.04(a)
		
	 Undisclosed Contracts
	  	6.07
		
	 Unfunded Liabilities
	  	8.04(a)(ii)(A)

  

 A-30 

 EXHIBIT B 
 FORM OF JOINDER 
 The undersigned, acting in its own name and in the name and on behalf of the
Company, hereby accepts all rights afforded to the Company under this Agreement and agrees to perform and abide by, and to cause the Company to perform and abide by, all of the provisions of this Agreement to be performed by or which are applicable
to the Company. 
  

			
	OWENS CORNING VETROTEX REINFORCEMENTS
		
	By:	 	  
		 	Name: Charles E. Dana
		 	Title:   President
	
	Date:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}]]