State Uses in Allocation of Profits and Losses for Book and Tax Purposes Clause

Allocation of Profits and Losses for Book and Tax Purposes from Joint Venture Agreement

THIS JOINT VENTURE AGREEMENT (together with the Schedules hereto, the JV Agreement), dated as of February 20, 2007, between Owens Corning Composite Cooperatief U.A. (OC Topco), a company organized under the Laws of The Netherlands, Owens Corning, a company organized under the Laws of Delaware (OC Parent), Ondatra S.A.S., a company organized under the Laws of France (SG Topco and, together with OC Topco, the Parties), and Societe de Participations Financieres et Industrielles S.A.S., a company organized under the Laws of France (SG Parent).

Allocation of Profits and Losses for Book and Tax Purposes. Except to the extent otherwise provided in Schedule 2.9, Net Profits and Net Losses (and if necessary, items thereof) for any Taxable Year shall be allocated among the Shareholders in proportion to their Company Ownership Interests.