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Exhibit 10.11  

 
  REGISTRATION RIGHTS AGREEMENT    
    

        THIS REGISTRATION RIGHTS AGREEMENT (this "Agreement") is entered into as of the    day of
    , 2006, by and among Boomerang Holdings, Inc., a Delaware corporation (the "Company") and the undersigned parties listed under
Investor on the signature page hereto (each, an "Investor" and collectively, the "Investors"). 

        WHEREAS,
as of the date hereof the Investors collectively hold all of the issued and outstanding shares of common stock (the "Common
Stock"), par value $0.01 per share, of the Company (the "Investor Shares"); 

        WHEREAS,
the Company has issued or will issue pursuant to a binding agreement with each of the Investors an aggregate of 3,750,000 warrants (the "Private
Warrants"), each to purchase one share of Common Stock (the "Private Warrant Shares"); 

        WHEREAS,
the Investors and the Company desire to enter into this Agreement to provide the Investors with certain rights relating to the registration of (i) the Investor Shares,
(ii) the Private Warrants, and (iii) the Private Warrant Shares; 

        NOW,
THEREFORE, in consideration of the mutual covenants and agreements set forth herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows: 

        1.    DEFINITIONS.
The following capitalized terms used herein have the following meanings: 

        "Agreement" means this Agreement, as amended, restated, supplemented, or otherwise modified from time to time. 

        "Commission" means the Securities and Exchange Commission, or any other federal agency then administering the Securities Act or the
Exchange Act. 

        "Common Stock" is defined in the recitals to this Agreement. 

        "Company" is defined in the recitals to this Agreement. 

        "Demand Registration" is defined in Section 2.1.1. 

        "Demanding Holder" is defined in Section 2.1.1. 

        "Exchange Act" means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the Commission promulgated
thereunder, all as the same shall be in effect at the time. 

        "Form S-3" is defined in Section 2.3. 

        "Indemnified Party" is defined in Section 4.3. 

        "Indemnifying Party" is defined in Section 4.3. 

        "Investor" is defined in the preamble to this Agreement. 

        "Investor Indemnified Party" is defined in Section 4.1. 

        "Investor Shares" is defined in the recitals to this Agreement. 

        "Maximum Number of Shares" is defined in Section 2.1.4. 

        "Notices" is defined in Section 6.3. 

        "Piggy-Back Registration" is defined in Section 2.2.1. 

        "Private Warrants" is defined in the recitals to this Agreement. 

        "Private Warrant Shares" is defined in the recitals to this Agreement. 

 

        "Register," "Registered" and "Registration" mean a registration effected by preparing and
filing a registration statement or similar document in compliance with the requirements of the Securities Act, and the applicable rules and regulations promulgated thereunder, and such registration
statement becoming effective. 

        "Registrable Securities" mean the Investor Shares, Private Warrants and Private Warrant Shares owned or held by the Investors. Registrable
Securities include any warrants, shares of capital stock or other securities of the Company issued as a dividend or other distribution with respect to or in exchange for or in replacement of the
Investor Shares. As to any particular Registrable Securities, such securities shall cease to be Registrable Securities when: (a) a Registration Statement with respect to the sale of such
securities shall have become effective under the Securities Act and such securities shall have been sold, transferred, disposed of or exchanged in accordance with such Registration Statement;
(b) such securities shall have been otherwise transferred, new certificates for them not bearing a legend restricting further transfer shall have been delivered by the Company and subsequent
public distribution of them shall not require registration under the Securities Act; (c) such securities shall have ceased to be outstanding, or (d) the Securities and Exchange
Commission makes a definitive determination to the Company that the Registrable Securities are salable under Rule 144(k). 

        "Registration Statement" means a registration statement filed by the Company with the Commission in compliance with the Securities Act and
the rules and regulations promulgated thereunder for a public offering and sale of Common Stock (other than a registration statement on Form S-4 or Form S-8, or
their successors, or any registration statement covering only securities proposed to be issued in exchange for securities or assets of another entity). 

        "Release Date" means the date on which the Investor Shares are disbursed from escrow pursuant to Section 3 of that certain Stock
Escrow Agreement dated as of                , 2006 by and among the parties hereto and Continental Stock Transfer & Trust Company. 

        "Securities Act" means the Securities Act of 1933, as amended, and the rules and regulations of the Commission promulgated thereunder, all
as the same shall be in effect at the time. 

        "Underwriter" means a securities dealer who purchases any Registrable Securities as principal in an underwritten offering and not as part
of such dealer's market-making activities. 

        2.
REGISTRATION RIGHTS. 

	2.1.
	Demand
Registration. 

        2.1.1    Request for Registration.    With respect to the Investor Shares, at any time commencing three (3) months
prior to, and from time to time on or after the Release Date, and with respect to the Private Warrants and Private Warrant Shares, at any time commencing thirty (30) days prior to the date the Private
Warrants become eligible for resale, the holders of a majority-in-interest of such Registrable Securities (or their transferees), may make a written demand for registration under the Securities Act of
all or part of their Registrable Securities, as applicable (a "Demand Registration"). Any demand for a Demand Registration shall specify the number of
shares of Registrable Securities proposed to be sold and the intended method(s) of distribution thereof. The Company will notify all holders of Registrable Securities of the demand, and each holder of
Registrable Securities who wishes to include all or a portion of such holder's Registrable Securities in the Demand Registration (each such holder including shares of Registrable Securities in such
registration, a "Demanding Holder") shall so notify the Company within fifteen (15) days after the receipt by the holder of the notice from the
Company. Upon any such request, the Demanding Holders shall be entitled to have their Registrable Securities included in the Demand Registration, subject to Section 2.1.4 and the provisos set
forth in Section 3.1.1. The Company shall not be obligated to effect more than an aggregate of two (2) Demand Registrations under this Section 2.1.1 in respect of Registrable
Securities. 

2

 

        2.1.2    Effective Registration.    A registration will not count as a Demand Registration until the Registration
Statement filed with the Commission with respect to such Demand Registration has been declared
effective and the Company has complied with all of its obligations under this Agreement with respect thereto; provided, however, that if, after such Registration Statement has been declared effective,
the offering of Registrable Securities pursuant to a Demand Registration is interfered with by any stop order or injunction of the Commission or any other governmental agency or court, the
Registration Statement with respect to such Demand Registration will be deemed not to have been declared effective, unless and until, (i) such stop order or injunction is removed, rescinded or
otherwise terminated, and (ii) a majority-in-interest of the Demanding Holders thereafter elect to continue the offering; provided, further, that the Company shall not
be obligated to file a second Registration Statement until a Registration Statement that has been filed is counted as a Demand Registration or is terminated. 

        2.1.3    Underwritten Offering.    If a majority-in-interest of the Demanding Holders so elect
and such holders so advise the Company as part of their written demand for a Demand Registration, the offering of such Registrable Securities pursuant to such Demand Registration shall be in the form
of an underwritten offering. In such event, the right of any holder to include its Registrable Securities in such registration shall be conditioned upon such holder's participation in such
underwriting and the inclusion of such holder's Registrable Securities in the underwriting to the extent provided herein. All Demanding Holders proposing to distribute their securities through such
underwriting shall enter into an underwriting agreement in customary form with the Underwriter or Underwriters selected for such underwriting by a majority-in-interest of the
holders initiating the Demand Registration. 

        2.1.4    Reduction of Offering.    If the managing Underwriter or Underwriters for a Demand Registration that is to be
an underwritten offering advises the Company and the Demanding Holders in writing that the dollar amount or number of shares of Registrable Securities which the Demanding Holders desire to sell, taken
together with all other shares of Common Stock or other securities which the Company desires to sell and the shares of Common Stock, if any, as to which registration has been requested pursuant to
written contractual piggy-back registration rights held by other stockholders of the Company who desire to sell, exceeds the maximum dollar amount or maximum number of shares that can be
sold in such offering without adversely affecting the proposed offering price, the timing, the distribution method, or the probability of success of such offering (such maximum dollar amount or
maximum number of shares, as applicable, the "Maximum Number of Shares"), then the Company shall include in such registration: (i) first, the
Registrable Securities as to which Demand Registration has been requested by the Demanding Holders (pro rata in accordance with the number of shares that each such Person has requested be included in
such registration, regardless of the number of shares held by each such Person (such proportion is referred to herein as "Pro Rata")) that can be sold
without exceeding the Maximum Number of Shares; (ii) second, to the extent that the Maximum Number of Shares has not been reached under the foregoing clause (i), the shares of Common
Stock or other securities that the Company desires to sell that can be sold without exceeding the Maximum Number of Shares; (iii) third, to the extent that the Maximum Number of Shares has not
been reached under the foregoing clauses (i) and (ii), the shares of Common Stock or other securities registrable pursuant to the terms of the Unit Purchase Option issued to Deutsche Bank
Securities Inc. ("Deutsche Bank") or its designees in connection with the Company's initial public offering (the "Unit
Purchase Option" and such registrable securities, the "Option Securities") as to which  "piggy-back" registration
has been requested by the holders thereof, Pro Rata, that can be sold without exceeding the Maximum Number of
Shares; and (iv) fourth, to the extent that the Maximum Number of Shares have not been reached under the foregoing clauses (i), (ii), and (iii), the shares of Common Stock or other securities
for the account of other persons that the Company is obligated to register pursuant to written contractual arrangements with such persons and that can be sold without exceeding the Maximum Number of
Shares. 

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        2.1.5    Withdrawal.    If a majority-in-interest of the Demanding Holders disapprove of the
terms of any underwriting or are not entitled to include all of their Registrable Securities in any offering, such majority-in-interest of the Demanding Holders may elect to
withdraw from such offering by giving written notice to the Company and the Underwriter or Underwriters of their request to withdraw prior to the effectiveness of the Registration Statement filed with
the Commission with respect to such Demand Registration. If the majority-in-interest of the Demanding Holders withdraws from a proposed offering relating to a Demand
Registration, then such registration shall not count as a Demand Registration provided for in Section 2.1. 

        2.2.    Piggy-Back Registration.    

        2.2.1    Piggy-Back Rights.    If at any time (a) with respect to the Investor Shares, on or after
the Release Date, and (b) with respect to the Private Warrants and Private Warrant Shares, on or after
the date the Private Warrants become eligible for resale, the Company proposes to file a Registration Statement under the Securities Act with respect to an offering of equity securities, or securities
or other obligations exercisable or exchangeable for, or convertible into, equity securities, by the Company for its own account or for stockholders of the Company for their account (or by the Company
and by stockholders of the Company including, without limitation, pursuant to Section 2.1), other than a Registration Statement (i) filed in connection with any employee stock option or
other benefit plan, (ii) for an exchange offer or offering of securities solely to the Company's existing stockholders, (iii) for an offering of debt that is convertible into equity
securities of the Company or (iv) for a dividend reinvestment plan, then the Company shall (x) give written notice of such proposed filing to the holders of Registrable Securities as
soon as practicable but in no event less than ten (10) days before the anticipated filing date, which notice shall describe the amount and type of securities to be included in such offering,
the intended method(s) of distribution, and the name of the proposed managing Underwriter or Underwriters, if any, of the offering, and (y) offer to the holders of Registrable Securities in
such notice the opportunity to register the sale of such number of shares of Registrable Securities as such holders may request in writing within five (5) days following receipt of such notice
(a "Piggy-Back Registration"). The Company shall cause such Registrable Securities to be included in such registration and shall use its
best efforts to cause the managing Underwriter or Underwriters of a proposed underwritten offering to permit the Registrable Securities requested to be included in a Piggy-Back
Registration on the same terms and conditions as any similar securities of the Company and to permit the sale or other disposition of such Registrable Securities in accordance with the intended
method(s) of distribution thereof. All holders of Registrable Securities proposing to distribute their securities through a Piggy-Back Registration that involves an Underwriter or
Underwriters shall enter into an underwriting agreement in customary form with the Underwriter or Underwriters selected for such Piggy-Back Registration. 

        2.2.2    Reduction of Offering.    If the managing Underwriter or Underwriters for a Piggy-Back
Registration that is to be an underwritten offering advises the Company and the holders of Registrable Securities in writing that the dollar amount or number of shares of Common Stock which the
Company desires to sell, taken together with shares of Common Stock, if any, as to which registration has been demanded pursuant to written contractual arrangements with persons other than the holders
of Registrable Securities hereunder, the Registrable Securities as to which registration has been requested under this Section 2.2, and the shares of Common Stock, if any, as to which
registration has been requested pursuant to the written contractual piggy-back registration rights of other stockholders of the Company, exceeds the Maximum Number of Shares, then the
Company shall include in any such registration: 

        (a)    If
the registration is undertaken for the Company's account: (A) first, the shares of Common Stock or other securities that the Company desires to sell that can
be sold without exceeding the Maximum Number of Shares; (B) second, to the extent that the Maximum Number of Shares has not been reached under the foregoing clause (A), the shares of
Common Stock or other securities, if any, 

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comprised
of Registrable Securities and Option Securities, as to which registration has been requested pursuant to the applicable written contractual piggy-back registration rights of such
security holders, Pro Rata, that can be sold without exceeding the Maximum Number of Shares; and (C) third, to the extent that the Maximum Number of shares has not been reached under the
foregoing clauses (A) and (B), the shares of Common Stock or other securities for the account of other persons that the Company is obligated to register pursuant to written contractual
piggy-back registration rights with such persons and that can be sold without exceeding the Maximum Number of Shares; 

        (b)    If
the registration is a "demand" registration undertaken at the demand of holders of Option Securities,
(A) first, the shares of Common Stock or other securities for the account of the demanding persons, Pro Rata, that can be sold without exceeding the Maximum Number of Shares; (B) second,
to the extent that the Maximum Number of Shares has not been reached under the foregoing clause (A), the shares of Common Stock or other securities that the Company desires to sell that can be
sold without exceeding the Maximum Number of Shares; (C) third, to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (A) and (B), the shares
of Registrable Securities, Pro Rata, as to which registration has been requested pursuant to the terms hereof, that can be sold without exceeding the Maximum Number of Shares; and (D) fourth,
to the extent that the Maximum Number of Shares has not been reached under the foregoing clauses (A), (B) and (C), the shares of Common Stock or other securities for the account of other
persons that the Company is obligated to register pursuant to written contractual arrangements with such persons, that can be sold without exceeding the Maximum Number of Shares; and 

        (c)    If
the registration is a "demand" registration undertaken at the demand of persons other than either the holders of
Registrable Securities or of Option Securities, (A) first, the shares of Common Stock or other securities for the account of the demanding persons that can be sold without exceeding the Maximum
Number of Shares; (B) second, to the extent that the Maximum Number of Shares has not been reached under the foregoing clause (A), the shares of Common Stock or other securities that the
Company desires to sell that can be sold without exceeding the Maximum Number of Shares; (C) third, to the extent that the Maximum Number of Shares has not been reached under the foregoing
clauses (A) and (B), collectively the shares of Common Stock or other securities comprised of Registrable Securities and Option Securities, Pro Rata, as to which registration has been requested
pursuant to the terms hereof and of the Unit Purchase Option, as applicable, that can be sold without exceeding the Maximum Number of Shares; and (D) fourth, to the extent that the Maximum
Number of Shares has not been reached under the foregoing clauses (A), (B) and (C), the shares of Common Stock or other securities for the account of other persons that the Company is obligated
to register pursuant to written contractual arrangements with such persons, that can be sold without exceeding the Maximum Number of Shares. 

        2.2.3    Withdrawal.    Any holder of Registrable Securities may elect to withdraw such holder's request for inclusion
of Registrable Securities in any Piggy-Back Registration by giving written notice to the Company of such request to withdraw prior to the effectiveness of the Registration Statement. The
Company (whether on its own determination or as the result of a withdrawal by persons making a demand pursuant to written contractual obligations) may withdraw a registration statement at any time
prior to the effectiveness of the Registration Statement. Notwithstanding any such withdrawal, the Company shall pay all expenses incurred by the holders of Registrable Securities in connection with
such Piggy-Back Registration as provided in Section 3.3. 

        2.3.    Registrations on Form S-3.    The holders of Registrable Securities may at any time and
from time to time, request in writing that the Company register the resale of any or all of such Registrable Securities on Form S-3 or any similar short-form
registration which may be available at such time ("Form S-3"); provided, however, that the Company shall not be obligated to effect
such request through an underwritten offering. Upon receipt of such written request, the Company will promptly give written notice of the proposed registration to all other holders of Registrable
Securities, and, as 

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soon
as practicable thereafter, effect the registration of all or such portion of such holder's or holders' Registrable Securities as are specified in such request, together with all or such portion
of the Registrable Securities or other securities of the Company, if any, of any other holder or holders joining in such request as are specified in a written request given within fifteen
(15) days after receipt of such written notice from the Company; provided, however, that the Company shall not be obligated to effect any such registration pursuant to this Section 2.3:
(i) if Form S-3 is not available for such offering; or (ii) if the holders of the Registrable Securities, together with the holders of any other securities of the
Company entitled to inclusion in such registration, propose to sell Registrable Securities and such other securities (if any) at any aggregate price to the public of less than $500,000. Registrations
effected pursuant to this Section 2.3 shall not be counted as Demand Registrations effected pursuant to Section 2.1. 

        3.    REGISTRATION
PROCEDURES. 

        3.1.    Filings; Information.    Whenever the Company is required to effect the registration of any Registrable
Securities pursuant to Section 2, the Company shall use its best efforts to effect the registration and sale of such Registrable Securities in accordance with the intended method(s) of
distribution thereof as expeditiously as practicable, and in connection with any such request: 

        3.1.1    Filing Registration Statement.    The Company shall, as expeditiously as possible and in any event within
sixty (60) days after receipt of a request for a Demand Registration pursuant to Section 2.1, use its best efforts to prepare and file with the Commission a Registration Statement on any
form for which the Company then qualifies or which counsel for the Company shall deem appropriate and which form shall be available for the sale of all Registrable Securities to be registered
thereunder in accordance with the intended method(s) of distribution thereof, and shall use its best efforts to cause
such Registration Statement to become and remain effective for the period required by Section 3.1.3; provided, however, that the Company shall have the right to defer any Demand Registration
for up to thirty (30) days, and any Piggy-Back Registration for such period as may be applicable to deferment of any demand registration to which such Piggy-Back
Registration relates, in each case if the Company shall furnish to the holders a certificate signed by the Chief Executive Officer or Chairman of the Company stating that, in the good faith judgment
of the Board of Directors of the Company, it would be materially detrimental to the Company and its stockholders for such Registration Statement to be effected at such time; provided further, however,
that the Company shall not have the right to exercise the right set forth in the immediately preceding proviso more than once in any 365-day period in respect of a Demand Registration
hereunder. 

        3.1.2    Copies.    The Company shall, prior to filing a Registration Statement or prospectus, or any amendment or
supplement thereto, furnish without charge to the holders of Registrable Securities included in such registration, and such holders' legal counsel, copies of such Registration Statement as proposed to
be filed, each amendment and supplement to such Registration Statement (in each case including all exhibits thereto and documents incorporated by reference therein), the prospectus included in such
Registration Statement (including each preliminary prospectus), and such other documents as the holders of Registrable Securities included in such registration or legal counsel for any such holders
may request in order to facilitate the disposition of the Registrable Securities owned by such holders. 

        3.1.3    Amendments and Supplements.    The Company shall prepare and file with the Commission such amendments,
including post-effective amendments, and supplements to such Registration Statement and the prospectus used in connection therewith as may be necessary to keep such Registration Statement
effective and in compliance with the provisions of the Securities Act until all Registrable Securities and other securities covered by such Registration Statement have been disposed of in accordance
with the intended method(s) of distribution set forth in such Registration Statement (which period shall not exceed the sum of one hundred eighty (180) days plus any period during which 

6

 

any
such disposition is interfered with by any stop order or injunction of the Commission or any governmental agency or court) or such securities have been withdrawn. 

        3.1.4    Notification.    After the filing of a Registration Statement, the Company shall promptly, and in no event
more than two (2) business days after such filing, notify the holders of Registrable Securities included in such Registration Statement of such filing, and shall further notify such holders
promptly and confirm such advice in writing in all events within two (2) business days of the occurrence of any of the following: (i) when such Registration Statement becomes effective;
(ii) when any post-effective amendment to such Registration Statement becomes effective; (iii) the issuance or threatened issuance by the Commission of any stop order (and
the Company shall take all actions required to prevent the entry of such stop order or to remove it if entered); and (iv) any request by the Commission for any amendment or supplement to such
Registration Statement or any prospectus relating thereto or for additional information or of the occurrence of an event requiring the preparation of a supplement or amendment to such prospectus so
that, as thereafter delivered to the
purchasers of the securities covered by such Registration Statement, such prospectus will not contain an untrue statement of a material fact or omit to state any material fact required to be stated
therein or necessary to make the statements therein not misleading, and promptly make available to the holders of Registrable Securities included in such Registration Statement any such supplement or
amendment; except that before filing with the Commission a Registration Statement or prospectus or any amendment or supplement thereto, including documents incorporated by reference, the Company shall
furnish to the holders of Registrable Securities included in such Registration Statement and to the legal counsel for any such holders, copies of all such documents proposed to be filed sufficiently
in advance of filing to provide such holders and legal counsel with a reasonable opportunity to review such documents and comment thereon, and the Company shall not file any Registration Statement or
prospectus or amendment or supplement thereto, including documents incorporated by reference, to which such holders or their legal counsel shall object. 

        3.1.5    State Securities Laws Compliance.    The Company shall use its best efforts to (i) register or qualify
the Registrable Securities covered by the Registration Statement under such securities or "blue sky" laws of such jurisdictions in the United States as
the holders of Registrable Securities included in such Registration Statement (in light of their intended plan of distribution) may request and (ii) take such action necessary to cause such
Registrable Securities covered by the Registration Statement to be registered with or approved by such other Governmental Authorities as may be necessary by virtue of the business and operations of
the Company and do any and all other acts and things that may be necessary or advisable to enable the holders of Registrable Securities included in such Registration Statement to consummate the
disposition of such Registrable Securities in such jurisdictions; provided, however, that the Company shall not be required to qualify generally to do business in any jurisdiction where it would not
otherwise be required to qualify but for this paragraph or subject itself to taxation in any such jurisdiction. 

        3.1.6    Agreements for Disposition.    The Company shall enter into customary agreements (including, if applicable,
an underwriting agreement in customary form) and take such other actions as are reasonably required in order to expedite or facilitate the disposition of such Registrable Securities. The
representations, warranties and covenants of the Company in any underwriting agreement which are made to or for the benefit of any Underwriters, to the extent applicable, shall also be made to and for
the benefit of the holders of Registrable Securities included in such registration statement. No holder of Registrable Securities included in such registration statement shall be required to make any
representations or warranties in the underwriting agreement except, if applicable, with respect to such holder's organization, good standing, authority, title to Registrable Securities, lack of
conflict of such sale with such holder's material agreements and organizational documents, and with respect to written information relating to such holder that such holder has furnished in writing
expressly for inclusion in such Registration Statement. 

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        3.1.7    Cooperation.    The principal executive officer of the Company, the principal financial officer of the
Company, the principal accounting officer of the Company and all other officers and members of the management of the Company shall cooperate fully in any offering of Registrable Securities hereunder,
which cooperation shall include, without limitation, the preparation of the Registration Statement with
respect to such offering and all other offering materials and related documents, and participation in meetings with Underwriters, attorneys, accountants and potential investors. 

        3.1.8    Records.    The Company shall make available for inspection by the holders of Registrable Securities included
in such Registration Statement, any Underwriter participating in any disposition pursuant to such registration statement and any attorney, accountant or other professional retained by any holder of
Registrable Securities included in such Registration Statement or any Underwriter, all financial and other records, pertinent corporate documents and properties of the Company, as shall be necessary
to enable them to exercise their due diligence responsibility, and cause the Company's officers, directors and employees to supply all information requested by any of them in connection with such
Registration Statement. 

        3.1.9    Opinions and Comfort Letters.    The Company shall furnish to each holder of Registrable Securities included
in any Registration Statement a signed counterpart, addressed to such holder, of (i) any opinion of counsel to the Company delivered to any Underwriter and (ii) any comfort letter from
the Company's independent public accountants delivered to any Underwriter. In the event no legal opinion is delivered to any Underwriter, the Company shall furnish to each holder of Registrable
Securities included in such Registration Statement, at any time that such holder elects to use a prospectus, an opinion of counsel to the Company to the effect that the Registration Statement
containing such prospectus has been declared effective and that no stop order is in effect. 

        3.1.10    Earnings Statement.    The Company shall comply with all applicable rules and regulations of the Commission
and the Securities Act, and make available to its stockholders, as soon as practicable, an earnings statement covering a period of twelve (12) months, beginning within three (3) months
after the effective date of the registration statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder. 

        3.1.11    Listing.    The Company shall use its best efforts to cause all Registrable Securities included in any
registration to be listed on such exchanges or otherwise designated for trading in the same manner as similar securities issued by the Company are then listed or designated or, if no such similar
securities are then listed or designated, in a manner satisfactory to the holders of a majority of the Registrable Securities included in such registration. 

        3.2.    Obligation to Suspend Distribution.    Upon receipt of any notice from the Company of the happening of any
event of the kind described in Section 3.1.4(iv), or, in the case of a resale registration on Form S-3 pursuant to Section 2.3 hereof, upon any suspension by the
Company, pursuant to a written insider trading compliance program adopted by the Company's Board of Directors, of the ability of all "insiders" covered by such program to transact in the Company's
securities because of the existence of material non-public information, each holder of Registrable Securities included in any registration shall immediately discontinue disposition of such
Registrable Securities pursuant to the Registration Statement covering such Registrable Securities until such holder receives the supplemented or amended prospectus contemplated by
Section 3.1.4(iv) or the restriction on the ability of "insiders" to transact in the Company's securities is removed, as applicable, and, if so directed by the Company, each such holder
will deliver to the Company all copies, other than permanent file
copies then in such holder's possession, of the most recent prospectus covering such Registrable Securities at the time of receipt of such notice. 

        3.3.    Registration Expenses.    The Company shall bear all costs and expenses incurred in connection with any Demand
Registration pursuant to Section 2.1, any Piggy-Back Registration pursuant to Section 2.2, and any registration on Form S-3 effected pursuant to
Section 2.3, and all expenses 

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incurred
in performing or complying with its other obligations under this Agreement, whether or not the Registration Statement becomes effective, including, without limitation: (i) all
registration and filing fees; (ii) fees and expenses of compliance with securities or "blue sky" laws (including fees and disbursements of counsel in connection with blue sky qualifications of
the Registrable Securities); (iii) printing expenses; (iv) the Company's internal expenses (including, without limitation, all salaries and expenses of its officers and employees);
(v) the fees and expenses incurred in connection with the listing of the Registrable Securities as required by Section 3.1.11; (vi) National Association of Securities
Dealers, Inc. fees; (vii) fees and disbursements of counsel for the Company and fees and expenses for independent certified public accountants retained by the Company (including the
expenses or costs associated with the delivery of any opinions or comfort letters requested pursuant to Section 3.1.9); (viii) the fees and expenses of any special experts retained by
the Company in connection with such registration and (ix) the fees and expenses of one legal counsel selected by the holders of a majority-in-interest of the Registrable
Securities included in such registration. The Company shall have no obligation to pay any underwriting discounts or selling commissions attributable to the Registrable Securities being sold by the
holders thereof, which underwriting discounts or selling commissions shall be borne by such holders. Additionally, in an underwritten offering, all selling stockholders and the Company shall bear the
expenses of the underwriter pro rata in proportion to the respective amount of shares each is selling in such offering. 

        3.4.    Information.    The holders of Registrable Securities shall provide such information as may reasonably be
requested by the Company, or the managing Underwriter, if any, in connection with the preparation of any Registration Statement, including amendments and supplements thereto, in order to effect the
registration of any Registrable Securities under the Securities Act pursuant to Section 2 and in connection with the Company's obligation to comply with federal and applicable state securities
laws. 

        4.    INDEMNIFICATION
AND CONTRIBUTION. 

        4.1.    Indemnification by the Company.    The Company agrees to indemnify and hold harmless each Investor and each
other holder of Registrable Securities, and each of their respective officers, employees, affiliates, directors, partners, members, attorneys and agents, and each person, if any, who controls an
Investor and each other holder of Registrable Securities (within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act) (each, an
"Investor Indemnified Party"), from and against any expenses, losses, judgments, claims, damages or liabilities, whether joint or several, arising out
of or based upon any untrue statement (or allegedly untrue statement) of a material fact contained in any Registration Statement under which the sale of such Registrable Securities was registered
under the Securities Act, any preliminary prospectus, final prospectus or summary prospectus contained in the Registration Statement, or any amendment or supplement to such Registration Statement, or
arising out of or based upon any omission (or alleged omission) to state a material fact required to be stated therein or necessary to make the statements therein not misleading, or any violation by
the Company of the Securities Act or any rule or regulation promulgated thereunder applicable to the Company and relating to action or inaction required of the Company in connection with any such
registration; and the Company shall promptly reimburse the Investor Indemnified Party for any legal and any other expenses reasonably incurred by such Investor Indemnified Party in connection with
investigating and defending any such expense, loss, judgment, claim, damage, liability or action; provided, however, that the Company will not be liable in any such case to the extent that any such
expense, loss, claim, damage or liability arises out of or is based upon any untrue statement or allegedly untrue statement or omission or alleged omission made in such Registration Statement,
preliminary prospectus, final prospectus, or summary prospectus, or any such amendment or supplement, in reliance upon and in conformity with information furnished to the Company, in writing, by such
selling holder expressly for use therein. The Company also shall indemnify any Underwriter of the Registrable Securities, their officers, affiliates, directors, partners, members and agents and each 

9

 

person
who controls such Underwriter on substantially the same basis as that of the indemnification provided above in this Section 4.1. 

        4.2.    Indemnification by Holders of Registrable Securities.    Each selling holder of Registrable Securities will,
in the event that any registration is being effected under the Securities Act pursuant to this Agreement of any Registrable Securities held by such selling holder, indemnify and hold harmless the
Company, each of its directors and officers and each underwriter (if any), and each other selling holder and each other person, if any, who controls another selling holder or such underwriter within
the meaning of the Securities Act, against any losses, claims, judgments, damages or liabilities, whether joint or several, insofar as such losses, claims, judgments, damages or liabilities (or
actions in respect thereof) arise out of or are based upon any untrue statement or allegedly untrue statement of a material fact contained in any Registration Statement under which the sale of such
Registrable Securities was registered under the Securities Act, any preliminary prospectus, final prospectus or summary prospectus contained in the Registration Statement, or any amendment or
supplement to the Registration Statement, or arise out of or are based upon any omission or the alleged omission to state a material fact required to be stated therein or necessary to make the
statement therein not misleading, if the statement or omission was made in reliance upon and in conformity with information furnished in writing to the Company by such selling holder expressly for use
therein, and shall reimburse the Company, its directors and officers, and each other selling holder or controlling person for any legal or other expenses reasonably incurred by any of them in
connection with investigation or defending any such loss, claim, damage, liability or action. Each selling holder's indemnification obligations hereunder shall be several and not joint and shall be
limited to the amount of any net proceeds actually received by such selling holder. 

        4.3.    Conduct of Indemnification Proceedings.    Promptly after receipt by any person of any notice of any loss,
claim, damage or liability or any action in respect of which indemnity may be sought pursuant to Section 4.1 or 4.2, such person (the "Indemnified
Party") shall, if a claim in respect thereof is to be made against any other person for indemnification hereunder, notify such other person (the
"Indemnifying Party") in writing of the loss, claim, judgment, damage, liability or action; provided, however, that the failure by the Indemnified Party
to notify the Indemnifying Party shall not relieve the Indemnifying Party from any liability which the Indemnifying Party may have to such Indemnified Party hereunder, except and solely to the extent
the Indemnifying Party is actually prejudiced by such failure. If the Indemnified Party is seeking indemnification with respect to any claim or action brought against the Indemnified Party, then the
Indemnifying Party shall be entitled to participate in such claim or action, and, to the extent that it wishes, jointly with all other Indemnifying Parties, to assume control of the defense thereof
with counsel satisfactory to the Indemnified Party. After notice from the Indemnifying Party to the Indemnified Party of its election to assume control of the defense of such claim or action, the
Indemnifying Party shall not be liable to the Indemnified Party for any legal or other expenses subsequently incurred by the Indemnified Party in connection with the defense thereof other than
reasonable costs of investigation; provided, however, that in any action in which both the Indemnified Party and the Indemnifying Party are named as defendants, the Indemnified Party shall have the
right to employ separate counsel (but no more than one such separate counsel) to represent the Indemnified Party and its controlling persons who may be subject to liability arising out of any claim in
respect of which indemnity may be sought by the Indemnified Party against the Indemnifying Party, with the fees and expenses of such counsel to be paid by such Indemnifying Party if, based upon the
written opinion of counsel of such Indemnified Party, representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between them. No
Indemnifying Party shall, without the prior written consent of the Indemnified Party, consent to entry of judgment or effect any settlement of any claim or pending or threatened proceeding in respect
of which the Indemnified Party is or could have been a party and indemnity could have been sought hereunder by such Indemnified Party, unless such judgment or settlement includes an unconditional
release of such Indemnified Party from all liability arising out of such claim or proceeding. 

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        4.4.    Contribution.    

        4.4.1    If
the indemnification provided for in the foregoing Sections 4.1, 4.2 and 4.3 is unavailable to any Indemnified Party in respect of any loss, claim, damage, liability
or action referred to herein, then each such Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified Party as a result of
such loss, claim, damage, liability or action in such proportion as is appropriate to reflect the relative fault of the Indemnified Parties and the Indemnifying Parties in connection with the actions
or omissions which resulted in such loss, claim, damage, liability or action, as well as any other relevant equitable considerations. The relative fault of any Indemnified Party and any Indemnifying
Party shall be determined by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to
information supplied by such Indemnified Party or such Indemnifying Party and the parties' relative intent, knowledge, access to information and opportunity to correct or prevent such statement or
omission. 

        4.4.2    The
parties hereto agree that it would not be just and equitable if contribution pursuant to this Section 4.4 were determined by pro rata allocation or by any
other method of allocation which does not take account of the equitable considerations referred to in the immediately preceding Section 

        4.4.3    The
amount paid or payable by an Indemnified Party as a result of any loss, claim, damage, liability or action referred to in the immediately preceding paragraph shall
be deemed to include, subject to the limitations set forth above, any legal or other expenses incurred by such Indemnified Party in connection with investigating or defending any such action or claim.
Notwithstanding the provisions of this Section 4.4, no holder of Registrable Securities shall be required to contribute any amount in excess of the dollar amount of the net proceeds (after
payment of any underwriting fees, discounts, commissions or taxes) actually received by such holder from the sale of Registrable Securities which gave rise to such contribution obligation. No person
guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any person who was not guilty of such fraudulent
misrepresentation. 

        5.    UNDERWRITING
AND DISTRIBUTION. 

        5.1.    Rule 144.    The Company covenants that it shall use its best efforts to file any reports required to
be filed by it under the Securities Act and the Exchange Act and shall take such further action as the holders of Registrable Securities may reasonably request, all to the extent required from time to
time to enable such holders to sell Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by Rule 144 under the Securities Act,
as such Rules may be amended from time to time, or any similar Rule or regulation hereafter adopted by the Commission. 

        6.    MISCELLANEOUS.

        6.1.    Other Registration Rights.    Except with respect to those securities issued or issuable upon exercise of that
certain Unit Purchase Option to be issued to Deutsche Bank or its designees in connection with the Company's initial public offering in    2006, the Company represents and warrants that no
person, other than a holder of the Registrable Securities, has any right to require the Company to register any shares of the Company's capital stock for sale or to include shares of the Company's
capital stock in any registration filed by the Company for the sale of shares of capital stock for its own account or for the account of any other person. 

        6.2.    Assignment; No Third Party Beneficiaries.    This Agreement and the rights, duties and obligations of the
Company hereunder may not be assigned or delegated by the Company in whole or in part. This Agreement and the rights, duties and obligations of the holders of Registrable Securities hereunder may be
freely assigned or delegated by such holder of Registrable Securities in conjunction with and to the extent of any transfer of Registrable Securities by any such holder. This Agreement and 

11

 

the
provisions hereof shall be binding upon and shall inure to the benefit of each of the parties, to Deutsche Bank and its successors and the permitted assigns of the Investor or holder of
Registrable Securities or of any assignee of the Investor or holder of Registrable Securities. This Agreement is not intended to confer any rights or benefits on any persons that are not party hereto
other than as expressly set forth in Article 4 and this Section 6.2. 

        6.3.    Notices.    All notices, demands, requests, consents, approvals or other communications (collectively,  "Notices")
required or permitted to be given hereunder or which are given with respect to this Agreement shall be in writing and shall be personally
served, delivered by reputable air courier service with charges prepaid, or transmitted by hand delivery, telegram, telex or facsimile, addressed as set forth below, or to such other address as such
party shall have specified most recently by written notice. Notice shall be deemed given on the date of service or transmission if personally served or transmitted by telegram, telex or facsimile;
provided, that if such service or transmission is not on a business day or is after normal business hours, then such notice shall be deemed given on the next business day. Notice otherwise sent as
provided herein shall be deemed given on the next business day following timely delivery of such notice to a reputable air courier service with an order for next-day delivery. To the
Company: 

Boomerang
Holdings, Inc.

400 Chesterfield Center, Suite 400

Chesterfield, MO 63017

Attn: Gregg Eisenberg 

with
a copy to: 

Sonnenschein
Nath & Rosenthal LLP

One Metropolitan Square, Suite 3000

St. Louis, Missouri 63102

Attn: Brian C. Behrens, Esq. 

To
an Investor, to: 

	

 	
 	

	
 	

 	
 	

 
	 	 	
	 	 	 	 
	 	 	
	 	 	 	 

        6.4.    Severability.    This Agreement shall be deemed severable, and the invalidity or
unenforceability of any term or provision hereof shall not affect the validity or enforceability of this Agreement or of any other term or provision hereof. Furthermore, in lieu of any such invalid or
unenforceable term or provision, the parties hereto intend that there shall be added as a part of this Agreement a provision as similar in terms to such invalid or unenforceable provision as may be
possible that is valid and enforceable. 

        6.5.    Counterparts.    This Agreement may be executed in multiple counterparts, each of which shall be deemed an
original, and all of which taken together shall constitute one and the same instrument. 

        6.6.    Entire Agreement.    This Agreement (including all agreements entered into pursuant hereto and all
certificates and instruments delivered pursuant hereto and thereto) constitute the entire agreement of the parties with respect to the subject matter hereof and supersede all prior and contemporaneous
agreements, representations, understandings, negotiations and discussions between the parties, whether oral or written. 

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        6.7.    Modifications and Amendments.    No amendment, modification or termination of this Agreement shall be binding
upon any party unless executed in writing by such party. Notwithstanding the foregoing, any and all parties must obtain the written consent of Deutsche Bank to amend or modify this Agreement. 

        6.8.    Titles and Headings.    Titles and headings of sections of this Agreement are for convenience only and shall
not affect the construction of any provision of this Agreement. 

        6.9.    Waivers and Extensions.    Any party to this Agreement may waive any right, breach or default which such party
has the right to waive, provided that such waiver will not be effective against the waiving party unless it is in writing, is signed by such party, and specifically refers to this Agreement. Waivers
may be made in advance or after the right waived has arisen or the breach or default waived has occurred. Any waiver may be conditional. No waiver of any breach of any agreement or provision herein
contained shall be deemed a waiver of any preceding or succeeding breach thereof nor of any other agreement or provision herein contained. No waiver or extension of time for performance of any
obligations or acts shall be deemed a waiver or extension of the time for performance of any other obligations or acts. 

        6.10.    Remedies Cumulative.    In the event that the Company fails to observe or perform any covenant or agreement
to be observed or performed under this Agreement, the Investor or any other holder of Registrable Securities may proceed to protect and enforce its rights by suit in equity or action at law, whether
for specific performance of any term contained in this Agreement or for an injunction against the breach of any such term or in aid of the exercise of any power granted in this Agreement or to enforce
any other legal or equitable right, or to take any one or more of such actions, without being required to post a bond. None of the rights, powers or remedies conferred under this Agreement shall be
mutually exclusive, and each such right, power or remedy shall be cumulative and in addition to any other right, power or remedy, whether conferred by this Agreement or now or hereafter available at
law, in equity, by statute or otherwise. 

        6.11.    Governing Law.    This Agreement shall be governed by, interpreted under, and construed in accordance with
the internal laws of the State of New York applicable to agreements made and to be performed within the State of New York, without giving effect to any choice-of-law provisions
thereof that would compel the application of the substantive laws of any other jurisdiction. 

        6.12.    Waiver of Trial by Jury.    Each party hereby irrevocably and unconditionally waives the right to a trial by
jury in any action, suit, counterclaim or other proceeding (whether based on contract, tort or otherwise) arising out of, connected with or relating to this Agreement, the transactions contemplated
hereby, or the actions of the Investor in the negotiation, administration, performance or enforcement hereof. 

 
 

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        IN
WITNESS WHEREOF, the parties have caused this Registration Rights Agreement to be executed and delivered by their duly authorized representatives as of the date first written above. 

BOOMERANG
HOLDINGS, INC. 

	

By:	
 	

 	
 	

 	
 	

 
	 	 	
	 	 	 	 
	 	 	
	 	 	 	 

INITIAL STOCKHOLDERS: 

	

By:	
 	

 	
 	

 	
 	

 
	 	 	
	 	 	 	 
	 	 	
	 	 	 	 

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QuickLinks

REGISTRATION RIGHTS AGREEMENT

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]Exhibit 10.12  

AGREEMENT AND GENERAL RELEASE  

        This Agreement and General Release ("Agreement") is made and entered into this 18th day of October 2004 by and between Gregg Eisenberg ("Eisenberg") and Maverick
Tube Corporation ("Maverick"), herein collectively referred to as the "Parties". 

Recitals  

        A.    Eisenberg
has served as the Chairman of the Board of Directors ("Board") of Maverick and has been employed by Maverick as its President and Chief Executive Officer. 

        B.    Eisenberg
has decided to retire from Maverick and, in conjunction with that retirement, has resigned his position as President and Chief Executive Officer and has
resigned from all other offices held by him in Maverick and any of its subsidiaries (the "Retirement"). 

        C.    In
order to provide for an orderly transition in the management of Maverick as a result of Eisenberg's Retirement, Eisenberg, who has resigned from his position as
Chairman of the Board effective December 31, 2004, will thereafter serve Maverick in a consulting relationship under the terms and conditions set forth in this Agreement. 

        D.    The
Parties acknowledge and agree that the restrictive covenants contained within this Agreement were specifically intended and agreed to by the Parties, that those
covenants are reasonable and necessary to protect and preserve Maverick's legitimate business interests, that those covenants are reasonable as to their duration and scope, that any violation of those
covenants would result in immediate, irreparable harm to Maverick, and that the enforcement of those covenants through injunctive relief or other means would not prevent Eisenberg from earning a
livelihood. 

        NOW,
THEREFORE, in consideration of the mutual promises, covenants and agreements contained within this Agreement, the adequacy and sufficiency of which are hereby acknowledged and
confessed, the Parties hereby agree as follows: 

        1.    Announcement of Retirement.    Eisenberg has submitted his resignation from his positions as President and Chief
Executive Officer and from all other offices held by him in Maverick and any of its subsidiaries, other than as a director of Maverick ("Resignation"). Maverick will inform the public of the
Retirement and its plan for succession in a press release that is expected to be issued following the close of the stock market on October 18, 2004. A copy of the relevant portion of the press
release relating to this announcement is attached to this Agreement as Exhibit A. Except to the extent required by law or to the extent dictated by a material change in circumstances, as
determined by Maverick, any subsequent press releases issued by Maverick regarding the reasons for Eisenberg's Retirement shall be substantially consistent with the contents of Exhibit A.
Eisenberg shall cooperate with Maverick in the announcement of his Retirement, including but not limited to participating as directed by Maverick in a telephone conference call on October 19,
2004. 

        2.    Cessation of Duties.    Eisenberg's resignation from his positions as President and Chief Executive Officer and
from all other offices held by him in Maverick and any of its subsidiaries became effective immediately upon the submission of his Resignation (that is, October 15, 2004). Eisenberg,
accordingly, has ceased performing any and all duties related to those positions and offices immediately following his Resignation. Eisenberg shall have no involvement in Maverick's business except as
directed by Maverick and as a director of Maverick. Eisenberg's Resignation included Eisenberg's resignation from his position as Chairman of the Board, which shall be effective at the close of
business on December 31, 2004. 

        3.    Continuation of Compensation and Other Benefits.    Notwithstanding his Resignation, Maverick shall
(a) continue to pay Eisenberg the base salary that he was earning immediately prior to his 

 

Resignation
(less any authorized deductions or other deductions required by law) and pay 100% of the financial and non-financial bonuses to which Eisenberg would be entitled under
Maverick's bonus plans had the Resignation not occurred (without regard to whether any contingencies are met and without regard to whether all or a portion of the bonus although earned in 2004 is not
paid or payable until 2005) in accordance with Maverick's regular payroll practices through December 31, 2004, (b) continue to allow Eisenberg to participate in its insurance and benefit
plans through December 31, 2004, and (c) allow Eisenberg to exercise, up through December 31, 2005, all previously granted stock options that are or may become exercisable prior
to December 31, 2005. Maverick will continue to insure Eisenberg under its director and officer liability insurance policy, as in effect from time to time, throughout the period from
January 1, 2005 through December 31, 2007. In addition, if Eisenberg elects to continue his health insurance coverage under the Consolidated Omnibus Budget Reconciliation Act ("COBRA")
after December 31, 2004, Maverick shall pay Eisenberg's portion of his health insurance premiums under COBRA during the eighteen-month period from January 1, 2005 through June 30,
2006. 

        4.    Consulting Agreement.    During the period from January 1, 2005 through December 31, 2005 (the
"Consulting Term"), Eisenberg shall serve as a consultant for Maverick. In that capacity, Eisenberg shall be available telephonically or in person to answer questions and advise Maverick's Board and
its officers, employees and agents on business matters or issues raised by Maverick. In his capacity as a consultant, Eisenberg shall not be deemed an employee or an agent of Maverick, but rather
shall be considered an independent contractor, and accordingly Eisenberg's actions will not be deemed binding upon Maverick under agency principles and, except as is necessary to effectuate the terms
of this Agreement, Eisenberg shall not be eligible to participate in any plans or programs offered by Maverick to its employees. As compensation for his consulting services, Maverick shall pay
Eisenberg the total fee of Seven Hundred Twenty Thousand Dollars ($720,000.00), to be paid in equal, monthly installments over the calendar year 2005. Eisenberg shall be solely responsible for the
payment of all taxes due or arising from the payment of this fee. 

        5.    Non-Competition, Non-solicitation and Confidentiality Agreement.    

        A.    Throughout
the Consulting Term and throughout the one (1) year period immediately following the termination of that consulting arrangement, Eisenberg shall not engage or
invest in, own, manage, operate, finance, control, or participate in the ownership, management, operation, financing, or control of, be employed by, consult for or with, obtain sales for, lend his
name to, lend his credit to, or render services or advise to, any business engaged in the manufacture, coating, distribution, marketing or sale of OCTG, HSS, conduit, line pipe or coil tubing markets
with the United States or Canada. Eisenberg, however, is not precluded by this paragraph from purchasing or otherwise acquiring in the aggregate up to (but not more than) five percent (5%) of any
class of securities of any enterprise (but without otherwise participating in the day to day operational activities of such enterprise) if such securities are listed on any national or regional
securities exchange or have been registered under Section 12(g) of the Securities Exchange Act of 1934. 

        B.    Non-Solicitation. Throughout the Consulting Term and throughout the one (1) year period immediately following the
termination of that consulting arrangement, Eisenberg shall not, without the
prior written consent of Maverick, directly or indirectly, either as an employee, employer, lender, owner, partner, member, agent, principal, broker, advisor, consultant, manager, shareholder,
director or officer, or otherwise on Eisenberg's behalf or on behalf of any person, firm, partnership, entity or corporation, or by any agent of Eisenberg: 

        (a)   solicit,
take away or attempt to take away the trade or patronage of, any customer, supplier, licensee or business relation of Maverick; nor 

2

 

        (b)   solicit
the services of, interfere with the employment or business relationship of, employ or endeavor to employ any employee or agent of Maverick. 

        C.    Confidential Information.    Throughout the Consulting Term, and at all times subsequent to the termination of
the Consulting Term, Eisenberg shall not disclose to any Person (as hereinafter defined) or use for his own account or for the benefit of any third party any Confidential Information of Maverick (as
hereinafter defined), whether or not such information is embodied in writing or other physical form, without Maverick's written consent, unless and to the extent that (a) such disclosure is
required by law, by an order of a court having competent jurisdiction or under subpoena from a governmental agency, or (b) the Confidential Information is or becomes generally known to and
available for use by the public other than as a result of the fault of the Eisenberg or the fault of any other Person bound by a duty of confidentiality to Eisenberg. For the purposes of this
Agreement, the term "Person" shall refer to any individual, partnership, corporation, limited liability company, association, joint stock company, trust, joint venture, unincorporated organization or
government entity. The term "Confidential Information" as used in this Agreement includes, but is not limited to: 

        (a)   any
and all trade secrets concerning the business and affairs of Maverick, that constitutes a trade secrete within the meaning of applicable law, including by way of
illustration, data, know-how, formulae, compositions, processes, designs, sketches, photographs, graphs, drawings, samples, inventions and ideas, past, current and planned research and development,
customer lists, current and anticipated customer requirements, price lists, market studies, business plans, database technologies, systems, structures, processes, improvements, devices, discoveries,
concepts and other such information, however documented, of Maverick; 

        (b)   any
and all information concerning the business and affairs of Maverick, including but not limited to, historical financial statements, financial projections and
budgets, historical and projected sales, capital spending budgets and plans, the names and backgrounds of key personnel, contractors, agents, suppliers and potential suppliers, personnel training and
techniques and materials, purchasing methods and techniques, and any other information, however documented; that is deemed the confidential or proprietary information of Maverick; and 

        (c)   any
and all notes, analysis, compilations, studies, summaries and other material prepared by or for Maverick containing or based, in whole or in part, upon any
information included in the foregoing subparagraphs (a) and (b). 

        D.    Consideration.    As separate consideration for Eisenberg's agreements as set forth in this paragraph 5,
Maverick shall pay Eisenberg the sum of Five Hundred Thousand Dollars ($500,000.00), to be paid during the Consulting Term in equal, monthly installments. 

        E.    Extension of the Restrictive Covenants.    Maverick shall have the option of extending the restrictive covenants
contained in paragraph 5.A and 5.B. (Non-Competition Non-Solicitation) for a third year (2007). To exercise that option, Maverick must inform Eisenberg in writing at least 90 days prior to
December 31, 2006 that the restrictive covenants will be extended to December 31, 2007 and, as consideration for that extension, must pay Eisenberg the sum of Two Hundred Fifty Thousand
Dollars ($250,000.00), to be paid in equal, monthly installments throughout the 2007 calendar year. 

        6.    Non-Disparagement.    During the non-compete period, including any extensions thereof as provided in
paragraph 5 above (the "Non-Compete Period"), Eisenberg shall not engage, or encourage others to engage, in any conversations, comments, critiques, discussions, descriptions, or any other form
of communication, whether oral or written or direct or indirect, with any third person or entity or the public generally that in any way disparages the character, integrity, honesty, hiring and
employment 

3

 

practices,
professional abilities, professional reputation, business practices, general reputation or business pursuits of Maverick or any of Maverick's past, present or future employees, officers or
directors. 

        7.    Remedies for Violations of Covenants.    

        (a)   The
parties acknowledge and agree that, in the event of any violation or threatened violation of the covenants contained in this Agreement, the party whose rights are so
violated or threatened shall be authorized and entitled to seek and receive, from any court of competent jurisdiction: 

          (i)  temporary,
preliminary and permanent injunctive relief; 

         (ii)  an
equitable accounting of all profits or benefits arising out of such violation whether realized by the party or any other party which utilized or benefited from the
party's services, directly or indirectly; and 

        (iii)  direct,
incidental, and consequential damages to the party arising from the breach, which rights and remedies will be cumulative and in addition to any other rights
and remedies to which Maverick may be entitled. 

        (b)   If
any party incurs expenses to retain attorneys, accountants or other experts to enforce any of the covenants contained in this Agreement, the prevailing party shall
recover all such costs, court costs, fees and expenses of enforcement, including actual fees of attorneys, accountants and experts. 

        (c)   In
order to preserve Maverick's rights under the non-compete provisions of this agreement, during the Non-Compete Period, Maverick may advise any third party who has
contacted Eisenberg or who was contacted by Eisenberg to establish a relationship that threatens a violation of the non-compete agreement of the existence of this Agreement and of its terms and
Maverick shall have no liability for so doing. 

        8.    No Basis for Claims.    Eisenberg warrants and represents that there is no actual or impending suits, claims or
other actions against Maverick based upon, arising from or related to any personal conduct on his part, nor is there any basis for any such suit, claim or other action, other than actions or omissions
within the business judgment of Eisenberg while acting in the course and scope of this employment as an officer or director of Maverick. 

        9.    Release of Claims by Eisenberg.    In consideration of the payments provided by this Agreement and the
stipulations and covenants made hereunder, Eisenberg, with the intent of binding himself and his successors, heirs, assigns, attorneys, and family members, hereby releases and forever discharges
Maverick and its parents, affiliates, subsidiaries and other related companies and each of their officers, directors, agents, representatives and employees from and against any and all matters,
claims, charges, demands, causes of action, debts, liabilities, controversies, judgments, grievances and suits of every kind whatsoever, including any claims for actual or punitive damages, costs and
attorney fees, which first arose prior to and through the date on which this Agreement is executed, including but not limited to, any and all claims arising under or pursuant to the Employee
Retirement Income Security Act of 1974, as amended, 29 U.S.C. § 1001 et seq.; Title VII of the Civil Rights Act of 1964, as amended, 42
U.S.C., § 2000e et seq.; the Civil Rights Act of 1991, 42 U.S.C. § 1981(a) et
seq.; the Americans with Disabilities Act of 1990, 42 U.S.C. § 12101 et seq.; the Missouri Human Rights Act, Mo.
Rev. Stat. § 213.010 et seq.; the Missouri Service Letter Statute, Mo. Re. Stat. § 290.140, and any and all other
statutes or ordinances, any and all claims arising under or pursuant to the Severance Agreement between Maverick and Eisenberg dated November 11, 1998 (the "Severance Agreement"), any and all
claims arising under or pursuant to common law. Eisenberg expressly waives the benefit of any statute or rule of law, which, if applied to this Agreement, would otherwise exclude from its binding
effect any 

4

 

claims
not known by Eisenberg to exist. Eisenberg also agrees that he will not institute any claims for damages or for other relief by charge or otherwise, nor will he authorize, encourage, or induce
any other person or entity, governmental or otherwise, to enter into any claim for damages or for other relief via administrative or legal proceedings against Maverick and/or any of its parents,
affiliates, subsidiaries, or related companies or any of their officers, directors, agents, representatives or employees for any such claims and should he do so he will immediately tender back all
amounts paid him under this Agreement. Eisenberg further relinquishes all claims and rights to shares of Maverick common stock awarded to Eisenberg under Maverick's 2004 Omnibus Stock Plan.
Notwithstanding the foregoing, the release set forth in this paragraph 9 shall not be applicable to or in any way affect the representations, warranties and obligations of Maverick hereunder
and the remedies of Eisenberg with respect thereto. 

        10.    Release of Claims by Maverick.    In consideration of the stipulations and covenants made hereunder, Maverick,
with the intent of binding itself and its successors, heirs, assigns, and, hereby releases and forever discharges Eisenberg and his successors, heirs, agents, attorneys, representatives and employees
from and against any and all matters, claims, charges, demands, causes of action, debts, liabilities, controversies, judgments, grievances and suits of every kind whatsoever, including any claims for
actual or punitive damages, costs and attorney fees, which first arose prior to and through the date on which this Agreement is executed, including but not limited to any and all other statutes or
ordinances, any and all claims arising under or pursuant to the Severance Agreement between Maverick and Eisenberg, and any and all claims arising under or pursuant to common law. Maverick expressly
waives the benefit of any statute or rule of law, which, if applied to this Agreement, would otherwise exclude from its binding effect any claims not known by Maverick to exist. Maverick also agrees
that it will not institute any claims for damages or for other relief by charge or otherwise, nor will it authorize, encourage, or induce any other person or entity, governmental or otherwise, to
enter into any claim for damages or for other relief via administrative or legal proceedings against Eisenberg and/or any of his successors, heirs, agents, attorneys, representatives and employees for
any such claims. Notwithstanding the foregoing, the release set forth in this paragraph 10 shall not be applicable to or in any way affect the
representations, warranties and obligations of Eisenberg hereunder and the remedies of Maverick with respect thereto. 

        11.    Legal Compliance.    Notwithstanding anything contained within this Agreement to the contrary, Maverick and
Eisenberg shall not be precluded by any term or provision of this Agreement from taking action that, in the opinion of their respective counsel, is required in order to comply with the applicable
laws. The Parties agree that either party's taking such action shall not be deemed a violation of this Agreement and shall not form the basis for a breach of contract action. 

        12.    Representation of Corporate Authority to Enter in this Agreement.    Maverick represents and warrants that it
enters into this Agreement pursuant to the authority of its board of directors after duly convening in accordance with its by-laws and articles of incorporation. The person signing this Agreement for
Maverick represents and warrants that he or she has been authorized to do so and to bind Maverick thereby. 

        13.    Divisibility.    If any one or more of the provisions contained in this Agreement shall for any reason be held
to be excessively broad as to time, geographical scope, activity or subject, it shall be construed by limiting and reducing it so as to be enforceable to the extent compatible with the applicable law. 

        14.    Severability.    If any one or more provisions contained in this Agreement or any application thereof shall be
invalid, illegal, or unenforceable in any respect, the validity, legality or enforceability of the remaining provisions of this Agreement and any other application thereof shall not in any way be
affected or impaired. 

5

 

        15.    Miscellaneous Provisions.    

        (a)   Non-Waiver.    Either party's failure to exercise a right provided for under this Agreement in the event of a
breach by the other of any term hereof shall not be construed as a waiver of such breach or prevent the party not so acting from thereafter enforcing strict compliance with any and all terms of this
Agreement. 

        (b)   Binding Effect.    This Agreement is binding upon and shall inure to the benefit of Maverick, its successors
and assigns and Eisenberg, Eisenberg's heirs, executors, administrators and legal representatives. 

        (c)   Assignment.    This Agreement may be assigned by Maverick (but not Eisenberg) and Eisenberg's successors and
assigns. Eisenberg consents to any such assignment. 

        (d)   Modification.    This Agreement sets forth the full and complete understanding of the parties, and any prior
agreement oral or written, regarding the matters contained within this Agreement are null and void. Any amendments to this Agreement must be in writing and signed by the Maverick's Chief Executive
Officer and Eisenberg. 

        (f)    Governing Law.    This Agreement shall be deemed for all purposes to have been made in the State of Missouri
and shall be governed by and construed in accordance with the laws of the State of Missouri, notwithstanding either the place of execution of this Agreement, nor the performance of any acts in
connection with or under this Agreement in any other jurisdiction. 

        (g)   Consent to Jurisdiction and Venue.    Any dispute related to this Agreement or its application or enforcement,
either at law or in equity, shall be brought and resolved only in either the United States District Court for the Eastern District of Missouri or the Circuit Court for St. Louis County, Missouri.
Eisenberg hereby specifically waives any right that he may have to challenge or oppose the personal jurisdiction or venue of those courts. 

        (h)   Opportunity to Review.    Eisenberg acknowledges that he has been given adequate time to review this Agreement,
that he has in fact reviewed this Agreement with an attorney who negotiated provisions of this Agreement on his behalf, and that he understands the meaning and effect of each paragraph of this
Agreement. 

[Remainder of page intentionally left blank; signature page to follow]  

6

 

        IN WITNESS WHEREOF, Eisenberg and Maverick have executed this Agreement as of the date set forth above. 

	GREGG EISENBERG	 	MAVERICK TUBE CORPORATION
	

/s/ GREGG EISENBERG	
 	

By	
 	

/s/ C. ROBERT BUNCH
	
	 	 	 	

	

 	
 	

Name	
 	

C. Robert Bunch

	

 	
 	

Title	
 	

President and CEO

7

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