CONTRIBUTION AGREEMENT

Contribution Agreement

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Title: CONTRIBUTION AGREEMENT
Governing Law: Delaware Date: 10/25/2006
Industry: BLDFIX Sector: CAPGDS

Exhibit 10

Exhibit 10.1

CONTRIBUTION AGREEMENT

AMONG

APOLO TUBOS E EQUIPAMENTOS S.A.

LONE STAR BRAZIL HOLDINGS 2 LTDA.

APOLO MECÂNICA E ESTRUTURAS LTDA.

GPC PARTICIPACOES S.A.

CIRRUS PARTICIPACOES LTDA.

AND

LONE STAR TECHNOLOGIES, INC.

Dated as of October 24, 2006

TABLE OF CONTENTS

		Page

ARTICLE 1	DEFINITIONS	2
1.1	Defined Terms	2

ARTICLE 2	CONTRIBUTION	12
2.1	LSB 2 Investment	12
2.2	Anticipated Payments of the Promissory Note	13
2.3	Closing Statement	13
2.4	Purchase Price Adjustment	14
2.5	Use of the LSB 2 Investment	17

ARTICLE 3	CLOSING	17
3.1	Closing Date	17

ARTICLE 4	DELIVERABLES	17
4.1	Items to Be Delivered by Tubos	17
4.2	Items to Be Delivered by LSB 2	18
4.3	Items to Be Delivered by the Company	19

ARTICLE 5	REPRESENTATIONS AND WARRANTIES OF TUBOS, THE COMPANY, GPC AND CIRRUS	19
5.1	Existence and Good Standing	20
5.2	Authorization of Agreement	20
5.3	Conflicts; Consents of Third Parties	21
5.4	No Undisclosed Liability	21
5.5	Real Property	22
5.6	Environmental Matters	23
5.7	Taxes	23
5.8	Intellectual Property	24
5.9	Ownership	25
5.10	Subsidiaries	25
5.11	Compliance with Law	25
5.12	Financial Statements	25
5.13	Material Adverse Effect	26
5.14	Material Contracts	26

TABLE OF CONTENTS
(continued)

		Page

5.15	Employee Matters	28
5.16	Legal Proceeding	29
5.17	Insurance	29
5.18	Inventory	29
5.19	Accounts Receivable	30
5.20	Related Persons	30
5.21	Tubular Products Contracts	30
5.22	GPC, Cirrus or Tubos Legal Proceeding	30

ARTICLE 6	REPRESENTATIONS AND WARRANTIES OF LSB 2 AND LONE STAR	31
6.1	Existence and Good Standing	31
6.2	Authorization of Agreement	31
6.3	Conflicts; Consents of Third Parties	32
6.4	Ownership of Star Brazil Cayman	32
6.5	No Liabilities; Assets	32
6.6	Employee Matters	32
6.7	Legal Proceeding	32
6.8	Compliance with Law	33
6.9	Contracts	33
6.10	Taxes	33

ARTICLE 7	COVENANTS	34
7.1	No-Shop	34
7.2	Operations Prior to the Closing Date	34
7.3	Indebtedness	37
7.4	Employees	37
7.5	Transfer of Assets	37
7.6	Subsidiaries	38
7.7	PAT Registration	38
7.8	Antitrust Filing	39
7.9	Realization of Tax Receivables and Other Tax Assets/Credits	39

TABLE OF CONTENTS
(continued)

		Page

7.10	Conversion of the Company	39
7.11	Special Oto Mills Production Line	39
7.12	Best Efforts	40

ARTICLE 8	CONDITIONS TO CLOSING	40
8.1	Conditions Precedent to Obligations of Tubos	40
8.2	Conditions Precedent to Obligations of LSB 2	40

ARTICLE 9	TERMINATION	42
9.1	Termination of Agreement	42
9.2	Procedure for Termination	43
9.3	Effect of Termination	43

ARTICLE 10	INDEMNIFICATION	43
10.1	Survival of Representations, Warranties and Covenants	43
10.2	Indemnification	44
10.3	Indemnification Procedures	45
10.4	Limitations on Indemnification for Breaches of Representations and Warranties	47

ARTICLE 11	MISCELLANEOUS	48
11.1	Waiver of Default	48
11.2	Amendment	48
11.3	No Third Party Rights	48
11.4	Severability	48
11.5	Binding Effect; Assignment	49
11.6	Headings	49
11.7	Word Meanings	49
11.8	Counterparts	49