Exhibit 99.2
201 Main Street, Suite 3100
Fort Worth, Texas 76102
October 19, 2000
Lone Star Technologies, Inc.
15660 N. Dallas Parkway, Suite 500
Dallas, TX 75248
Attention: Mr. Robert F. Spears
Vice President, General Counsel and Secretary
Gentlemen:
Lone Star Technologies, Inc. has offered to include Alpine
Capital, L.P. as a selling stockholder in Lone Star's
Registration Statement on Form S-3 to enable Alpine Capital to
sell up to 1,000,000 shares of Lone Star common stock under such
Registration Statement.
In consideration of Lone Star's inclusion of Alpine
Capital's common stock in the Registration Statement, each of
Alpine Capital, Keystone, Inc. and The Anne T. and Robert M.
Bass Foundation hereby agrees to execute a lock-up agreement, if
requested by Lone Star or the underwriters, in connection with
any offering of common stock (or securities convertible into
common stock) by Lone Star under the Registration Statement so
long as such stockholders continue to hold in the aggregate
greater than 5% of the outstanding Common Stock of Lone Star.
Any such lock-up agreement will be on customary terms and will
be for a period of time ending no more than 90 days after the
closing of each offering of such securities under the
Registration Statement.
Sincerely yours,
ALPINE CAPITAL, L.P.
By Algenpar, Inc., General Partner
By: /s/ J. Taylor Crandall
J. Taylor Crandall, President
KEYSTONE, INC.
By: /s/ J. Taylor Crandall
J. Taylor Crandall, Vice President
and Chief Operating Officer
THE ANNE T. AND ROBERT M.
BASS FOUNDATION
By: /s/ J. Taylor Crandall
J. Taylor Crandall, Treasurer
