TERMINATION OF TAX
ALLOCATION AND INDEMNIFICATION
AGREEMENT
Lone Star Steel Company, a Delaware corporation ("Steel"), and Lone Star
Technologies, Inc., a Delaware corporation ("LSST"), are parties to that certain
Tax Allocation and Indemnification Agreement dated as of May 16, 1991 (the "Tax
Agreement").
WITNESSETH:
WHEREAS, when Steel entered into the Tax Agreement with LSST, 80.5% of its
capital stock was owned by LSST; and
WHEREAS, since January 22, 1997, all of Steel's capital stock is owned by
LSST and there is no longer any need for a tax sharing agreement between Steel
and LSST;
NOW THEREFORE, Steel and Parent hereby terminate the Tax Agreement,
effective as of July 1, 1997.
IN WITNESS WHEREOF, Steel and LSST have executed this Agreement as of July
1, 1997.
LONE STAR STEEL COMPANY
By: /s/ X.X. Xxx
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Name: X.X. Xxx
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Title: Executive Vice President
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LONE STAR TECHNOLOGIES, INC.
By: /s/ Xxxx X. Xxxxxx
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Name: Xxxx X. Xxxxxx
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Title: Chairman and Chief Executive
Officer
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