AMENDED AND RESTATED ALLOY SERVICES AGREEMENT

Exhibit 10.30

AMENDED AND RESTATED ALLOY SERVICES AGREEMENT

This Amended and Restated Alloy Services Agreement (this “Alloy Services Agreement”) is made as of September 16, 2003 by and between Advanced Glassfiber Yarns LLC (hereinafter “Buyer”) and OWENS CORNING, a company incorporated under the laws of the State of Delaware and having its principal office at Owens Corning World Headquarters, One Owens Corning Parkway, Toledo, Ohio 43659 (hereinafter “OC”).

WITNESSETH

WHEREAS, Buyer and OC have entered into an Alloy Services Agreement dated as of September 30, 1998, as amended by Amendment No. 1 thereto dated as of August 27, 2001, as amended, supplemented or otherwise modified through the date hereof (as amended, supplemented or otherwise modified, the “Original Agreement”);

WHEREAS, OC and Buyer, together with certain of their respective affiliates, are debtors-in-possession in separate reorganization cases under Chapter 11 of Title 11 of the United States Bankruptcy Code (each a “Reorganization Cases”) in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”);

WHEREAS pursuant to the terms of a Stipulation dated September 16, 2003 among OC, certain of its affiliates and the Company (the “Stipulation”), OC and the Company have agreed, subject to Bankruptcy Court approval, (i) to execute and deliver this Alloy Services Agreement, the other Amended Contracts and New Agreements (each as defined in the Stipulation), and to cause the execution and delivery of such agreements by each of their respective affiliates that are party thereto and (ii) to assume, in their respective Reorganization Cases, the Assumed Contracts (as such term is defined in the Stipulation);

NOW, THEREFORE, in consideration of the premises and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree to amend and restate the Original Agreement as follows:

Alloy metal in combined ingot form manufactured by OC hereunder shall have an alloyed purity of at least 99.7%. The attached Exhibit 1 provides for an allowance for other elements which shall be acceptable in the purity levels.

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J Alloy Formula monthly charges:

The sum of (i)

and (ii)

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H Alloy Formula monthly charges:

The sum of (i)

and (ii)

TC Alloy Formula monthly charges:

The sum of (i)

and (ii) 

U Alloy Formula monthly charges:

The sum of (i)

and (ii)

Where:

J Leased = Quantity of J alloy leased in grams.

H Leased = Quantity of H alloy leased in grams.

TC Leased = Quantity of TC alloy leased in grams.

U Leased = Quantity of U alloy leased in grams.

Pt Mkt. Price = Closing Price of platinum in U.S. dollars per gram at the close of business in New York on the Metals Inventory Date in the month the negative balance occurs as published by Johnson & Matthey Inc.

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Rh Mkt. Price = Average Closing Price of rhodium in U.S. dollars at the close of business in New York on the Metals Inventory Date in the month the negative balance occurs as published by Johnson & Matthey Inc.

Lease Rate = 15%

Emergency Factor = 1.05

The Metals Inventory Date Schedule for 2003/04 is attached hereto as Exhibit 3. The Metals Inventory Date schedule for each subsequent year shall be communicated in writing as soon before the beginning of each calendar year as is practicable. Buyer shall participate in the OC’s metals inventory process according to the Metals Inventory Date schedule.

In addition to the provisions contained herein, the agreements of the parties represented hereby shall be further subject to OC Alloy Policies AO A251 and A451 (the “Alloy Policies”), Exhibits 4 and 5 respectively. OC reserves the right to amend the Alloy Policies at any time and from time to time on thirty (30) days’ prior written notice. To the extent there is a conflict between the terms of this Alloy Services Agreement and the Alloy Policies, the terms of this Alloy Services Agreement shall control.

During the normal course of operating an alloyed part, there will be a percentage of alloy loss noted after the part is removed. This loss will be charged against and deducted from the Accounts. The charge for this loss will be the difference in part weight when shipped out new less the used part weight when returned. OC shall account to Buyer for any alloys recovered on Buyer’s behalf using the same procedure as OC uses for its licensees and affiliates.

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OC may modify a Third Party Design to be consistent with OC bushing fabrication processes, provided that such modification are not to:

In the event that OC desires to modify a Third Party Design and the desired modification is one of the categories a. through d. identified above, OC shall provide written notice to Buyer: i) identifying such modification; and ii) including a certification (a sample is attached hereto as Exhibit 7) by an OC representative, knowledgeable in the design of such Part, that the modification either will not produce an improvement in throughput, break level, yardage control, or bushing life or specifying the anticipated nature and degree of any such improvement. Buyer shall have ten days to provide written notice that it objects to such modification. Any such objection shall not be made unreasonably. If Buyer does not timely give notice of an objection, OC may make such modification to the Third Party Design.

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OC agrees to take reasonable precautions where possible to minimize the risk of loss of precious metals in the Accounts while in the custody of OC. OC assumes all risk of loss for precious metals, whether in fabricated form or in the form of pure alloy or precious metals, while located at OC manufacturing facilities. Buyer assumes all risk of loss at all other times and regardless of where located for all precious metals in the Accounts, whether in fabricated form or in the form of pure alloy or precious metals. Buyer shall remain responsible to procure all appropriate insurance at its own expense for those losses for which it is responsible.

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This Alloy Services Agreement shall inure to the benefit of and be binding on the parties hereto and their respective successors and permitted assigns. Except as otherwise expressly provided herein, this Agreement shall not be assigned by either party hereto without the express prior written consent of the other party, and any attempted assignment, without such consents, shall be null and void. Notwithstanding any nonassignment provisions contained in this Section 12, Buyer, or any permitted assignee or transferee of Buyer, may assign or otherwise transfer some or all of its rights and/or obligations hereunder (i) to any entity or entities, or any assignee of such entity or entities, providing financing for the transactions contemplated by this Agreement or to any entity or entities providing to Buyer, Buyer’s Affiliates, or to any such permitted assignee of Buyer, financing relating to the Business (collectively, the “Financing Sources”), (ii) to any Affiliate of Buyer, provided that (x) such Affiliate shall agree with OC and its permitted assignees or transferees, if any, in writing to assume the Buyer’s obligations hereunder and (y) any such assignment to an Affiliate of the Buyer shall not relieve the Buyer from its obligations hereunder or (iii) to any entity to which Buyer, or

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any assignee or transferee of Buyer, assigns, sells, transfers or otherwise conveys (A) all or substantially all of the assets constituting the Business (a “Complete Assignment”) or (B) all or substantially all of the assets constituting either the Aiken Facility, the Huntingdon Facility or the South Hill Facility (a “Partial Assignment”), provided that such acquiring entity agrees with and acknowledges in writing to OC and its permitted assignees or transferees, if any, that this Agreement shall be binding upon and enforceable against such entity as though such acquiring entity were Buyer and that such entity shall perform all of Buyer’s obligations hereunder. Notwithstanding any nonassignment provisions contained in this Section 12, OC, or any permitted assignee or transferee of OC, may assign or otherwise transfer some or all of its rights and/or obligations hereunder (i) to any Affiliate of OC, provided that (x) such Affiliate shall agree with Buyer and its permitted assignees or transferees, if any, in writing to assume the OC’s obligations hereunder and (y) any such assignment to an Affiliate of the OC shall not relieve the OC from its obligations hereunder or (ii) to any entity to which OC, or any assignee or transferee of Buyer, assigns, sells, transfers or otherwise conveys any portion of its business which owns, licenses, or uses Business Patents or Business Know How (as each is defined in the License Agreement), provided that such acquiring entity agrees with and acknowledges in writing to Buyer and its permitted assignees or transferees, if any, that this Agreement shall be binding upon and enforceable against such entity as though such acquiring entity were OC and that such entity shall perform all of OC’s obligations hereunder. To the extent that assignment and/or transfer of any of the rights, privileges, and/or obligations is permitted, this Agreement shall be binding on, and except as otherwise expressly provided, shall inure to the benefit of, the legal successors, assigns, or representatives of the parties. For purposes of this Section 12, capitalized terms used herein without definition, are used as defined in the LLC Interest and Sale Purchase Agreement dated as of September 30, 1998 by and between OC and Glass Holdings, Inc., as amended from time to time.

This Alloy Services Agreement may be amended, supplemented or otherwise modified only by a written instrument executed by the parties hereto. No waiver by either party of any of the provisions hereof shall be effective unless explicitly set forth in writing and executed by the party so waiving. Except as provided in the preceding sentence, no action taken pursuant to this Alloy Services Agreement, including without limitation, any investigation by or on behalf of any party, shall be deemed to constitute a waiver by the party taking such action of compliance with any representations, warranties, covenants or agreements contained herein. The waiver by any party hereto of a breach of any provision of this Alloy Services Agreement shall not operate or be construed as a waiver of any subsequent breach.

All communications provided for hereunder shall be in writing and shall be deemed to be given when delivered in person or by private courier with receipt, when telefaxed and received, or three (3) days after being deposited in the United States mail, first-class, registered or certified, return receipt requested, with postage paid and,

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or to such other address as any such party shall designate by written notice to the other parties hereto.

Buyer shall pay to the proper authority, when and as the same become due and payable, all taxes, duties, assessments and similar charges which at any time during the term of this Alloy Services Agreement may be taxed, assessed or imposed upon Buyer or OC with respect to the services provided under this Alloy Services Agreement (other than any tax properly imposed by the laws of any foreign jurisdiction or the United States upon OC, said tax being in the nature of an income tax and measured by the amount of payments to be made pursuant to this Agreement).

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Neither party shall be liable to the other for delay or failure to perform in whole or in part, by reason of contingencies or events which: (i) are beyond the reasonable control of the party whose performance is affected, (ii) are unforeseeable, and (iii) could not have been reasonably prevented, whether herein specifically enumerated or not (a “Force Majeure Event”). These contingencies include, among others, act of God, act of war, revolution, riot, acts of public enemies, fire, explosion, breakdown of plant, strike, lockout, labor dispute, casualty or accident, earthquake, flood, cyclone, tornado, hurricane or other windstorm, or by reason of any law, order, proclamation, regulation, ordinance, demand, requisition or requirement or any other act of any governmental authority, foreign or domestic, local, state or federal (provided that the Force Majeure Event does not arise due to or is connected in any way with a violation by party hereto of any law, order, proclamation, regulation, ordinance, demand, requisition or requirement of any governmental authority) except that contingencies shall not include a downturn in Buyer’s or OC’s business or general economic downturn. A party so affected by a Force Majeure Event shall: (i) promptly give written notice to the other party whenever such contingency or other act becomes reasonably foreseeable (including an estimate of the expected duration of the Force Majeure Event and its probable impact on the performance of such party’s obligations hereunder); (ii) exercise all reasonable efforts to continue to perform its obligations hereunder; (iii) use its commercially reasonable best efforts to overcome or mitigate the effects of the contingency as promptly as possible and (iv) promptly give written notice to the other party of the cessation of such contingency. Neither party, however, shall be required to resolve a strike, lockout or other labor problem in a manner which it alone does not deem proper and advisable. In no event shall any Force Majeure Event excuse party’s failure to pay when due any monetary obligation hereunder. In the case of any Force Majeure Event relied on by OC, OC agrees that it shall treat Buyer no less favorably than the most favorably treated Affiliate or customer of OC in dealing with or adjusting to the consequences of such Force Majeure Event and in relation to the allocation of any Products, the production or availability of which may have been interrupted or diminished.

Deliveries of the Parts omitted due to any Force Majeure Event affecting OC or Buyer shall, without liability, reduce by an equivalent quantity the quantity of Parts to be sold and delivered during the period in which the Force Majeure Event occurred. To determine the quantity of Parts that would have been sold, the parties shall assume that Buyer’s most recent estimates would have been purchased on a ratable basis.

This Alloy Services Agreement shall be governed by, and construed in accordance with, the laws of the State of New York applicable to a contract executed and performed in such State without giving to the conflicts of law principles thereof.

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If any provision of this Alloy Services Agreement shall be declared by any court of competent jurisdiction to be illegal, void or unenforceable, all other provisions of this Alloy Services Agreement shall not be affected and shall remain in full force and effect.

Except as otherwise specifically provided in this Alloy Services Agreement, if either party fails to perform any of the terms of this Alloy Services Agreement, (a) the other party may defer its performance under this Alloy Services Agreement until the default is cured by the defaulting party, or (b) at its option, the party may treat such default as a breach of the entire Alloy Services Agreement and, if such default is not cured within 30 days after the giving of notice thereof to the defaulting party (or, in the case of default in payment of monies, within 10 business days), may immediately terminate this Alloy Services Agreement upon notice to the defaulting party. This Alloy Services Agreement shall terminate automatically, without necessity of notice, in the event Buyer or OC makes an assignment for the benefit of creditors, generally is adjudicated bankrupt or in the event of the filing of any voluntary or involuntary petition in bankruptcy against Buyer or OC or the appointment of a receiver for Buyer or OC or any substantial part of their respective properties, other than in connection with the Reorganization Cases.

The provisions of paragraphs 3G, 11 and 25 of this Agreement shall survive any termination or expiration hereof, other than any termination or expiration that occurs as a result of the non-occurrence of the Effective Date (as defined in the Stipulation).

The section headings contained in this Alloy Services Agreement are for reference purposes only and shall not affect the meaning or interpretation of this Agreement.

This Alloy Services Agreement and Exhibits set forth the entire understanding of the parties hereto, and amends, restates and supersedes in its entirety the Original Agreement and no modifications or amendments to this Alloy Services Agreement shall be binding on the parties unless in writing and signed by the party or parties to be bound by such modification or amendment.

This Alloy Services Agreement may be executed in counterparts, each of which shall be deemed to be an original and all of which together shall be deemed to be one and the same instrument.

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Each of the Buyer and OC agrees not to use the name or trademarks or logos of the other party or its divisions or affiliates in any publicity, packaging, marketing materials, or other promotional activities or materials without the prior written consent of the other party.

Except as specifically provided, nothing in this Alloy Services Agreement shall alter, change, expand, diminish or otherwise amend (hereinafter “Changes”) in any manner, the scope of the rights, obligations and licenses of either Buyer or OC under the Non-Compete Agreement, the License Agreement, or the Assignment Agreement either during the Term of this Alloy Services Agreement or after its termination or expiration. To the extent that anything in this Alloy Services Agreement is interpreted to be a Change to the Non-Compete Agreement, the License Agreement, or the Assignment Agreement, such Change shall have no further force or effect after this Alloy Services Agreement is terminated or has expired. To the extent that OC’s fabrication, support, refurbishment, setting in castable refractory, or provision of Parts in accordance with the terms of this Alloy Services Agreement could be construed to breach any of the rights, obligations, or licenses under the Non-Compete Agreement, the License Agreement, or the Assignment Agreement, the parties explicitly acknowledge that such activity is as permitted exception to such rights, obligations, or licenses, during the term of this Alloy Services Agreement.

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IN WITNESS WHEREOF, the parties hereto have caused this Amended and Restated Alloy Services Agreement to be duly executed as of the date first written above.