Item 1.01 Entry into a Material Definitive Agreement.
On October 14, 2009, Dril-Quip Asia Pacific Pte Ltd., a wholly owned subsidiary
of Dril-Quip, Inc. (the "Company"), entered into an agreement with Lum Chang
Building Contractors Pte Ltd ("LCBC") for the construction of a new
manufacturing facility in Singapore on approximately 11.2 acres of land leased
to Dril-Quip Asia Pacific Pte Ltd. through 2037. The agreement, which is
effective as of October 16, 2009, is valued at approximately SGD46.5 million and
has an expected construction term of 16 months, followed by a maintenance term
of 12 months. Upon completion, the facility will support a variety of functions
including administration, finance, sales, service, engineering, manufacturing,
fabrication, assembly and warehousing. LCBC was selected based on a competitive
bid process conducted by Dril-Quip Asia Pacific Pte Ltd.
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