OWENS CORNING (a Delaware corporation) 7,000,000 Shares of Common Stock PURCHASE AGREEMENTPurchase Agreement • May 6th, 2011 • Owens Corning/Fibreboard Asbestos Personal Injury Trust • Abrasive, asbestos & misc nonmetallic mineral prods • New York
Owens Corning, a Delaware corporation (the “Company”), and Owens Corning/Fibreboard Asbestos Personal Injury Trust, a Delaware statutory trust (the “Selling Stockholder”), confirm their respective agreements with Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC (together, the “Underwriters”) with respect to the sale by the Selling Stockholder, and the purchase by the Underwriters, of an aggregate of 7,000,000 shares of Common Stock, par value $0.01 per share (“Common Stock”), of the Company. The aforesaid 7,000,000 shares of Common Stock to be purchased by the Underwriters are herein called the “Securities.”
