Consulting Employment Agreement (2001)Full Document 

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                         CONSULTING EMPLOYMENT AGREEMENT

         THIS CONSULTING EMPLOYMENT AGREEMENT (the "AGREEMENT") is made and
entered into as of the 1st day of January, 2000, by and between FINTUBE
TECHNOLOGIES, INC., an Oklahoma corporation, with its principal place of
business located at 15660 N. Dallas Parkway, Suite 500, Dallas, Texas 75248
(the "COMPANY"), Jerry E. Ryan, an individual residing at 3201 East 65th
Street, Tulsa, Oklahoma 74136 (the "EMPLOYEE"), and LONE STAR TECHNOLOGIES,
INC., a Delaware corporation with its principal place of business located at
15660 N. Dallas Parkway, Suite 500, Dallas, Texas 75248 (the "GUARANTOR").

                                    RECITALS

         A. The Company has acquired substantially all of the assets of
Fintube Limited Partnership, and has determined that it is in the best
interest of the Company for the Company to employ the Employee to render
advice to the Company for the term of this Agreement.

         B. The Employee has considerable knowledge and experience relating
to the business of the Company, as a result of the Employees past service as
the founder and the Chief Executive Officer of Fintube Limited Partnership,
the predecessor of the Company.

         C. The Employee is willing to be employed by the Company to render
advice to the Company, pursuant to the terms of this Agreement.

         NOW, THEREFORE, in consideration of the foregoing, of the mutual
promises set forth herein, and of other good and valuable consideration, the
receipt and sufficiency of which is hereby acknowledged, the parties agrees
as follows:

         1.       EMPLOYMENT. For the term of this Agreement, the Company
                  hereby employs the Employee and agrees to pay to or for
                  the benefit of the Employee, the consideration set forth
                  herein for the Employee's services hereunder.  For the
                  term of this Agreement, the Employee hereby accepts his
                  employment by the Company for the consideration to be
                  paid by the Company hereunder.

         2.       ACTIVITIES OF EMPLOYEE. For the term of this Agreement,
                  the Employee agrees to provide services to the Company
                  with regard to the Company's business and operations, as
                  mutually agreed by the Employee and the Company, at
                  mutually acceptable times, in Tulsa, Oklahoma or at any
                  other mutually satisfactory location.





                  The Employee shall advise the Company in connection with the
                  maintenance and furtherance of satisfactory relationships
                  between the Company and its existing and prospective customers
                  and others having business relationships with the Company, and
                  in connection with representing the Company to trade groups
                  and other organizations generally. In addition, Employee will
                  lead the development of major Company expansion strategies for
                  international markets, including but not limited to Mexico and
                  South America. Employee will assist in the preparation and
                  evaluation of the Company's annual business and capital plan.
                  Employee will also support the enhancement of the Company's
                  customer, supplier and other industry relationships to expand
                  markets and increase profitability. Employee will participate
                  in the formulation of management development plans and key
                  employee evaluations. Employee shall contribute to technology
                  development and product enhancements for all product segments.
                  Employee will assist Guarantor with corporate and investor
                  relations, as needed.

         3.       REPRESENTATIONS. WARRANTIES AND COVENANTS OF EMPLOYEE.
                  The Employee represents and warrants that he has not
                  committed to any employment or consulting duties, and
                  will not, for the term of this Agreement, assume any
                  such duties which would interfere with his provision of
                  services to the Company hereunder.

         4.       OFFICE/SECRETARIAL ASSISTANCE. For the term of this Agreement,
                  the Company will pay the expense of the Employee's current
                  office space and secretarial assistance in Tulsa, Oklahoma, to
                  allow the Employee to provide the services required hereunder.

         5.       CONSIDERATION. The Company shall pay to the Employee,
                  for the Employee's services hereunder, the following
                  amounts:

                  a)       BASE CONSIDERATION. The Company shall pay to the
                           Employee, commencing on January 1, 2000, and
                           continuing on the 15th and the last day of each
                           month thereafter until December 31, 2002, the
                           amount of ELEVEN THOUSAND FOUR HUNDRED AND
                           SEVENTEEN DOLLARS ($11,417) on the 15th and the
                           last day of each month, as the Employee's "BASE
                           CONSIDERATION"; and

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