Spray counter lightly with non-stick cooking spray. Combine rolls and roll into a 15 inch circle. Cover with plastic wrap and let rest 15-20 minutes. Remove wrap and brush circle with softened butter. Cut into 8 equal pie shaped pieces. Roll each piece, starting at wide end and continuing down to point.
Place rolls on sprayed baking sheet, point underneath and curving sides into crescent shape. Cover with sprayed plastic wrap and let rise until double. Remove wrap and gently brush with beaten egg mixed with 2 teaspoons water. Bake at 350°F 10-12 minutes or until golden brown.