Underwriting AgreementMasisa S.A. • December 2nd, 2005 • Lumber & wood products (no furniture) • New York
Masisa S.A., a corporation organized under the laws of Chile (the “Company”), proposes to issue and sell to the several Underwriters listed in Schedule I hereto (the “Underwriters”), for whom you are acting as representative (the “Representative”), an aggregate of [7,948,850] American depositary shares of the Company (the “Underwritten ADSs”), representing an aggregate of [397,442,500] shares (the “Firm Underlying Shares”) of common stock of the Company with no par value (the “Stock”). The stockholders of the Company named in Schedule II hereto (each a “Selling Stockholder”) propose to sell at the option of the Underwriters, up to an additional [ ] American depositary shares (the “Option ADSs”), representing an aggregate of [ ] shares (the “Option Underlying Shares”) of Stock, for the sole purpose of covering sales of American depositary shares in excess of the number of the Underwritten ADSs due to over allotments. The Option Underlying Shares, together with the Firm Underlying Shares
