Company: TNRSF
Filing Date: 2025-08-01
Form Type: 6-K
Source: 0001171843-25-004943
Chunk: 35

Company: TENARIS SA
Filing Date: 2025-08-01
Form: 6-K
Chunk 35
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 Steel Corporation                          
 for the purchase of tubular material, including 13 chrome alloy products. Such contract foresees a penalty for a maximum amount of $21.6 
 million in case of early termination. The contract will be in effect until June 30, 2029.                                                |

| § | Certain subsidiaries of the Company entered into short-term agreements with Vestas Group for the supply                                         
 of materials and services related to the construction of a wind farm in Argentina. As of June 30, 2025, the amount related to these commitments 
 was $19.4 million.                                                                                                                              |

| § | An                                                                                                                                         
 Argentine subsidiary of the Company entered into short-term agreements with COARCO S.A. for execution of civil and electrical works,       
 including auxiliary services, related with the construction of a wind farm in Argentina. As of June 30, 2025, the remaining amount related 
 to these commitments was $5.1 million.                                                                                                     |

| 23 |

| § | A U.S. subsidiary of the Company is party to a one-year agreement with U.S. Steel Corporation under which                               
 it is committed to take or pay on a monthly basis a specified minimum volume of steel billets, at prices calculated on a monthly basis. 
 As of June 30, 2025, the estimated aggregate contract amount, calculated at current prices, stands at approximately $7.9                
 million.                                                                                                                                |

| § | An Argentine subsidiary of the Company is party to a contract with Usiminas from which it committed to                                
 purchase steel coils to manufacture welded pipes for the VMOS project in the Vaca Muerta shale formation in Argentina. As of June 30, 
 2025, remaining purchases amounted to approximately $31.1 million.                                                                    |

In addition, Tenaris (i) applied for stand-by letters of credit as well
as corporate guarantees covering certain obligations of Techgen as described in note 17 (c) and (ii)
issued performance guarantees mainly related to long-term commercial contracts with several customers for approximately $4.0
billion as of June 30, 2025.

(iii) Restrictions on the distribution of profits and payment of dividends

In accordance with Luxembourg Law, the Company is required to transfer
a minimum of 5% of its net profit for each financial year to a legal reserve until such reserve equals 10% of the issued share capital.

As of June 30, 2025, this reserve is fully allocated and additional allocations