Exhibit 10.5

EXCLUSIVE AGENCY AGREEMENT

THIS EXCLUSIVE AGENCY AGREEMENT (this “Agreement”), is dated as of June 1, 2018
(the “Effective Date”), by and between Covia Holdings Corporation, a Delaware
corporation (“Producer”) and SCR-Sibelco NV, a Belgian public company (“Agent”).

WHEREAS, Producer seeks to have Agent serve as its exclusive agent to promote,
market and solicit orders for Producer’s Products from customers in the
Industries and within the Trading Areas, each as defined below, under the terms
and conditions set forth herein; and

WHEREAS, Agent seeks to promote, market and solicit orders for the sale of the
Products to customers in the Industries within the Trading Areas, and in
accordance with the terms set forth herein;

NOW, THEREFORE, in consideration of the mutual covenants and provisions herein
contained, and other good and valuable consideration, the receipt and
sufficiency of which is acknowledged by the parties hereto the parties agree as
follows:

1. Appointment of Sales Agent.

(a) Subject to the provisions of this Agreement, Producer hereby appoints Agent
and Agent hereby accepts appointment as the Producer’s exclusive sales agent for
the Producer materials listed on the attached Exhibit A (“Products”) for the
Industries listed on attached Exhibit B (each, an “Industry”) within the
geographical area listed on attached Exhibit C (the “Trading Area”), and Agent
hereby accepts such appointment. Agent shall have the right to solicit orders
for Products only from persons and entities in the Industries and having their
places of business within the Trading Area. Agent shall be the exclusive agent
for the Producer for sale of Products in the Trading Area for the term of this
Agreement. Except as specifically provided herein to the contrary, any sale of
Products in the Industries in the Trading Area shall be credited as sales made
by Agent and Agent shall be entitled to the commission provided herein. The
provisions of this Agreement constitute the entire agreement and understanding
between the parties on the subject matter of this Agreement, and except as
specifically set forth herein, there are no additional agreements,
understandings, representations, covenants, warranties or guaranties, written or
oral, between the parties, relating to the subject matter of the Agreement.
Prior arrangements, agreements and understandings, if any, are superseded by
this Agreement. Agent may perform its responsibilities under this Agreement
through its subsidiaries. Further, Agent may appoint any third party to act as a
sub-agent, upon obtaining Producer’s prior written consent, which consent shall
not be unreasonably withheld, delayed or conditioned.

(b) The relationship of the parties created pursuant to this Agreement is, and
is intended to be, that of independent contractors. Agent will not by any action
represent itself as having the authority to assume or create any obligation or
liability on behalf of Producer.

2. Agent Responsibilities. The Agent shall:

(a) Diligently sample (by passing to Producer sample requests of existing and
potential customers in the Trading Area), advertise and promote the sale of the
Products to the Industry in the Trading Area to fulfill the Products sales
objectives mutually established by the parties from time to time;

 

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(b) Maintain a bona fide sales department adequately staffed, trained and
equipped to enable Agent to serve the Industry in the Trading Area adequately
and properly, to give customers technical sales assistance, address and resolve
customer complaints and to fulfill its other obligations under this Agreement;

(c) Prepare and submit to the Producer call reports regarding visits to existing
and potential customers in the Trading Area, all in such form and at such times
as Producer may from time to time reasonably request;

(d) Maintain adequate supply of all current literature (including product data
sheets, safety data sheets (“SDS”), brochures, etc.) relating to the Products
and to provide customers and prospective customers with copies of the same at
the time of Product inquiry or order solicitation, acceptance or thereafter,
and, in particular, maintain and provide all customers of Products with
appropriate safety related literature and SDS in full compliance with all
applicable regulatory requirements including, as applicable, the OSHA Hazard
Communication Standard;

(e) Participate in trade shows and exhibitions in the Trading Area where, in
Agent’s reasonable business judgment, such participation will promote the
Products;

(f) Not make any representation or warranty with respect to any Products, other
than as expressly provided by Producer;

(g) Conduct its business in a professional and ethical manner, and in compliance
with all applicable laws including, without limitation, those pertaining to
taxes and the prohibition of corruption, bribery and the offering of inducements
to public or semi-public officials, including the United States Foreign Corrupt
Practices Act;

(h) Not promote, market or solicit orders for any Products outside the Trading
Area, or inside the Trading Area for use outside the Industries, in each case
where Agent is not authorized to sell such Products, without Producer’s prior
written consent, which consent may be withheld in Producer’s absolute
discretion; and,

(i) Sell, advertise and promote the Products only to customers in the Industry
within the Trading Area and promptly refer all orders for Products from outside
the Trading Area, and any orders for Products from inside the Trading Area for
use outside the Industry, in each case where Agent is not authorized to sell
such Products, to Producer or its nominee.

3. Producer’s Responsibilities.

(a) Provided Agent is not in breach of any of its obligations under this
Agreement, Producer shall: (i) supply Agent without charge with reasonable
quantities of its regular promotional materials relating to the Products,
including safety and technical data sheets, bulletins and such other data as
Producer may from time to time have for promotional purposes; (ii) provide Agent
with

 

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reasonable technical assistance; (iii) provide Agent with reasonable assistance
to address and resolve customer complaints; (iv) fulfill sample requests of
existing and potential customers in the Trading Area; and, (v) prepare and
maintain, and submit to the Agent on a monthly basis, all documentation and
reports reasonably required from time to time to be prepared, maintained or
submitted, including but not limited to, the following: customer, sales, freight
and inventory data regarding the Products, pricing and volume data, and call
reports regarding visits to existing and potential customers in the Trading
Area, all in such form and at such times as Agent may from time to time
reasonably request.

(b) Producer shall conduct its business in a professional and ethical manner,
and in compliance with all applicable laws including, without limitation, those
pertaining to taxes and the prohibition of corruption, bribery and the offering
of inducements to public or semi-public officials, including the United States
Foreign Corrupt Practices Act.

4. Quotations, Orders and Payment by Industry Customers.

(a) Agent will make quotations in respect to the sales of the Products only in
accordance with the Producer’s then current policies and procedures, on prices
agreed between the parties in advance and on the Producer’s terms and conditions
of sale, including the terms of payment specified by the Producer. The Agent
will assist the Producer in obtaining the appropriate documentation needed for
Industry customers (for example, credit reports, sales tax exemptions, etc.).

(b) Orders for sales generated by Agent may be submitted to the Producer either
by the Agent or the Industry customer. If Agent receives any order for Products,
it will promptly forward it to the Producer. The Producer will establish and
promulgate the criteria for sales orders to be generated by Agent and Agent will
use its commercially reasonable efforts to secure sales orders that meet the
Producer’s criteria. The Producer will have the right at any time to reject any
order in whole or in part for good cause. Good cause shall include the
following: (i) the sales order fails to meet the Producer’s criteria, (ii) the
Industry customer fails to meet the Producer’s credit criteria, (iii) lack of
Product availability due to no fault of the Producer, or (iv) poor payment
history by the Industry customer.

(c) The Producer will bill the Industry customer for the purchased Products.
Agent will not bill Industry customers for the Products unless expressly
requested to do so by the Producer in writing. Payments against purchase orders
are to be made directly to the Producer, without intervention by Agent unless
expressly requested in writing by the Producer in each instance. If Agent
receives any payment from an Industry customer, Agent will immediately forward
the entire amount of such payment to the Producer.

(d) Producer will have the right, in its sole discretion, to issue credits, make
discounts and allowances, and/or accept returns of the Products.

 

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5. Commissions.

(a) The Producer shall pay to the Agent, as compensation for its services during
the Term, a commission of five percent (5%) of Net Sales of Products generated
by Agent to the Industries in the Trading Area for which payment is received by
Producer from any Industry customer. Payment of commission shall be made by the
Producer to Agent on or before 45 days following the calendar quarter of receipt
by Producer of payment for Products from its Industry customers. At the time of
payment of commission, the Producer shall furnish the Agent with an itemized
statement setting forth the computation of commissions. For purposes of this
Agreement, Net Sales means gross sales of Products by Agent in the Trading Area
less: (i) transportation costs; (ii) replacement costs; (iii) rebates; (iv)
warehouse, terminal and handling costs and (v) import and export fees.

(b) In the event of termination of this Agreement for any reason, the Producer
shall be obligated to pay commissions only with respect to purchase orders for
Products procured from Industry customers in the Trading Area prior to
termination of this Agreement and subsequently accepted by the Producer and for
which Producer has received payment from the applicable Industry customer. Any
adjustments which may be required pursuant to Section 5(c) hereof shall be made
notwithstanding any termination of this Agreement.

(c) Notwithstanding anything to the contrary set forth above, there shall be
deducted from any commissions due the Agent an amount equal to: (i) commissions
previously paid or credited to the Agent for sales of Products which are
thereafter returned by the Industry customer; and (ii) the applicable portion of
commissions previously paid or credited to the Agent for sales of Products as to
which any allowance or adjustment is credited to the Industry customer for any
reason.

(d) The Agent and the Producer will agree on an acceptable quarterly expense
level for the Agent. The Producer will pay the agreed upon amount to the Agent
in advance at the beginning of each calendar quarter following receipt of a
proper invoice. Any additional expenditures or extraordinary expenses must be
approved in advance by the Producer in order to be reimbursed.

6. Trademarks.

(a) The Agent shall not use or register any trademark used by or registered in
the name of Producer, or any affiliate of Producer, (“Producer Trademarks”), or
any word or trademark that is similar in sight, sound or meaning, or otherwise
likely to be confused therewith, in any manner except as permitted by Producer
in connection with the promotion, advertising, and sale of each of the Products.
Agent shall observe all applicable quality standards specified by Producer as to
the manner of use of the Producer Trademarks applicable to each of the Products
being distributed by Agent in the packaging, labeling, promoting, advertising
and/or selling of such Products by Agent. On Producer’s request, all packaging,
labels, promotional and advertising materials created by Agent and containing
any Producer Trademark, as well as the promotion of any of the Products with the
applicable Producer Trademark by Agent at any trade show, shall be subject to
review and approval by Producer. Upon termination of this Agreement, Agent shall
cease immediately all use of the Producer Trademarks, and shall remove them or
cause them to be removed from all signs, advertisements, letterheads, bill
heads, forms, listings and any other things on which they may be used by the
Agent, and shall discontinue all representations from which it might be inferred
that Agent is an authorized Agent of any of the Products of Producer. The Agent
acknowledges Producer’s exclusive ownership of Producer Trademarks and acquires
no right, title or interest in or to the Producer Trademarks hereunder.

 

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(b) Producer hereby grants to the Agent for the Term, and subject to the terms
and conditions herein, a non-exclusive, non-transferable, revocable right to use
the Producer Trademarks in connection with the marketing and promotion of the
Products in the Trading Area in accordance with the terms and conditions of this
Agreement and any guidelines issued by Producer from time to time. During the
Term, Agent shall have the right to indicate to the public that it is an
authorized Agent of the Products.

7. Product Changes. Producer reserves the right from time to time, in its
absolute discretion, without incurring any liability to the Agent with respect
to any purchase order previously placed or inventory held by Agent, or
otherwise, to discontinue or to limit its production or alter the specifications
of any Product or Product line, to terminate or limit deliveries of any Product
or Product line, the production of which is so discontinued, limited or altered,
and to add new and additional products or product lines; provided, that, any new
products or product lines shall first be offered to Agent for exclusive agency
rights in the Industry in the Trading Area pursuant to the terms and conditions
set forth herein.

8. Term; Termination

(a) This Agreement shall commence on the Effective Date and shall, unless
earlier terminated pursuant to subsections (b) through (e) hereof, continue for
a term of twenty (20) years following the Effective Date (“Term”).

(b) Producer may terminate this Agreement, effective upon written notice to
Agent, if Agent’s annual volume of orders generated of Products by Industry or
Trading Area fall below the Applicable Minimum for two consecutive calendar
years during the Term; provided however that if Producer has made available
Product volumes less than 2016 levels in such year(s), Producer may only
terminate if Agent failed to generate orders for at least 80% of the Product
supply made available by Producer to Agent in such year(s). For the purposes of
this Agreement, “Applicable Minimum” means the amount set forth on Exhibit B
with respect to each Industry or on Exhibit C with respect to each Trading Area,
as the context requires.

(c) Agent may terminate this Agreement, effective upon written notice to
Producer, if Producer fails to make any payment called for under this Agreement
by the date falling ten (10) days after the due date, and such failure has
continued for twenty (20) or more days after Producer receives written notice
from Agent specifying the failure to pay by such date.

(d) Producer may terminate this Agreement, effective upon written notice to
Agent, if Agent: (i) breaches any of its obligations or restrictions in
Section 2(g), 2(i), 2(h) or 6; or (ii) for any reason, suffers the loss of any
license or permit required by law that is necessary for Agent to carry out any
of its obligations under this Agreement, and such loss has continued for thirty
(30) or more days.

 

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(e) Either party may terminate this Agreement, effective upon written notice to
the other party (i) if such other party fails to observe or perform any of its
obligations in this Agreement (other than those obligations addressed in
Section 8(b) or 8(c)), and such failure has continued for thirty (30) or more
days after such party receives written notice from the other party specifying
the nature of the alleged breach; (ii) if such other party voluntarily commences
any proceeding or files a petition seeking liquidation, reorganization or other
relief under any bankruptcy, receivership or similar law; or (iii) if an
involuntary proceeding is commenced or petition is filed against such other
party seeking liquidation, reorganization or other relief in respect of such
party under any bankruptcy, receivership or similar law, and such proceeding or
petition is not dismissed within sixty (60) days after first initiated.

(f) This Agreement, and all obligations, terms and conditions contained herein,
shall automatically terminate without any further action required by any party
upon Agent, directly or indirectly, ceasing to own more than 50% of the issued
and outstanding shares of common stock of Producer.

(g) Notwithstanding anything to the contrary in this Agreement, if a termination
is based on Section 8(b), 8(c) or 8(d) and the circumstance giving rise to such
termination is attributable to only a particular Industry or jurisdiction of the
Trading Area, then the termination may only apply to such particular Industry or
jurisdiction. If this Agreement is only terminated in part, it will continue in
full force and effect with respect to the remaining Industry(ies) and
jurisdictions of the Trading Area.

9. Rights on Termination. Upon termination of this Agreement, the Agent shall
cease all marketing and promotion of, and the solicitation of purchase orders
for, the Products and promptly return to the Producer all promotional
literature, data sheets, sales aids and other similar materials or effects which
the Producer may have furnished to the Agent in connection with its activities
hereunder. Upon any termination of this Agreement, the Producer shall not be
liable to the Agent for loss of future commissions, goodwill, investments,
advertising or promotional costs or like expenses. Neither Producer nor the
Agent shall, by reason of the termination or non-renewal of the Agent’s agency,
be liable to the other for any indemnification, compensation, reimbursement or
damages on account of the loss of prospective profits on anticipated sales, or
on account of expenditures, investments, leases or commitments in connection
with the business or goodwill of Producer or the Agent, or otherwise.
Irrespective of whether such obligations or liabilities may be contemplated in
the laws of the Trading Area or elsewhere, both parties hereby waive any rights
(if any) each may have to such indemnification, compensation, reimbursement and
damages in the event of the termination or nonrenewal of the Agent’s agency.

 

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10. Indemnification.

(a) Subject to Section 11, Agent will indemnify, defend and hold Producer
harmless from and against any and all claims and demands in each case made by
third parties and all resulting liabilities, obligations, costs, losses and
expenses, including court or arbitration costs and reasonable attorneys’ and
experts’ fees, that Producer may suffer to the extent resulting from or arising
out of: (i) any breach by Agent (or any sub-agent) of any of its obligations or
any of its representations or warranties contained in this Agreement; (ii) any
unauthorized act of Agent, its sub-agent, or any of their agents or employees;
(iii) the negligent acts or omissions or willful misconduct of Agent or its
sub-agents; or (iv) the relationship between Agent and any of its sub-agents
(even if approved in accordance with Section 1(a)), or the termination thereof.
At Producer’s election, in its sole discretion, Agent will take reasonable steps
to defend Producer with respect to any claim by a third party that is subject to
the foregoing indemnity obligation in any action, suit or other proceeding and
select counsel that is reasonably satisfactory to Producer, and Producer may
participate in (at Producer’s expense) all aspects of, any such proceeding,
including any settlement thereof (subject to Section 10(b)). Where Producer
elects to defend the claim, Agent may participate (at its expense) in all
aspects of any proceeding, including any settlement of the claim (subject to
Section 10(b)).

(b) The indemnified party will provide prompt written notice of a claim to the
indemnifying party; provided that the failure of any indemnified party to give
notice will not relieve the indemnifying party of its obligations under this
Section 10, except to the extent that the indemnifying party is actually
prejudiced by such failure to give notice. The indemnifying party agrees to
timely reimburse the indemnified party for expenses incurred in connection with
a claim for which the indemnified party is entitled to indemnification under
this Section 10. The party that has assumed the defense of any claim pursuant to
Section 10(a) may not settle the claim without the written consent of the other
party unless (i) the terms of such settlement do not impose any obligations or
restrictions on the indemnified party, (ii) the full amount of any monetary
settlement is paid by the indemnifying party, and (iii) the indemnified party
receives as part of such settlement a legal, binding and enforceable
unconditional release providing that such third party claim and any claimed
liability of the indemnified party with respect to the third party claim is
fully satisfied by reason of such settlement and that the indemnified party is
being released from any and all obligations and liabilities it may have with
respect to the third party claim.

11. Limitations on Liability. Neither Producer nor the Agent shall, by reason of
the termination or non-renewal of the Agent’s agency be liable to the other for
any indemnification, compensation, reimbursement or damages on account of the
loss of prospective profits on anticipated sales, or on account of expenditures,
investments, leases or commitments in connection with the business or goodwill
of Producer or the Agent, or otherwise. Irrespective of whether such obligations
or liabilities may be contemplated in the laws of the Trading Area or elsewhere,
both parties hereby waive any rights (if any) each may have to such
indemnification, compensation, reimbursement and damages in the event of the
termination or non-renewal of the Agent’s agency. Neither party shall be liable
to the other party for any special, incidental, consequential, indirect or
punitive damages (including loss of (anticipated) profits) arising in any way
out of this Agreement, however caused and on any theory of liability, except
with respect to claims based on intentional fraud or intentional misconduct. For
the avoidance of doubt, if any of the foregoing damages are awarded to a third
party and a party has a right to bring a claim against the other party under
this Agreement in respect of such third party claim, such damages will be
considered direct damages.

 

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12. Notice. Except for purchase orders and invoices, which may be sent by e-mail
or such other written means as the parties may agree from time to time, all
notices to be given hereunder shall be deemed sufficient if in writing and sent
to the addresses set forth below, or to such other addresses as may be
subsequently designated by the parties in the manner provided herein, by
registered or certified mail, return receipt requested, postage prepaid, or by
nationally recognized overnight courier service:

 

To Producer:

  

To Agent:

Covia Holdings Corporation

258 Elm Street,

New Canaan, CT 06840

United States of America

Attention: General Counsel

  

SCR- Sibelco NV

Plantin en Moretuslei 1a, 2018 Antwerp Belgium

Attention: Laurence Boens, Group Legal Counsel

13. Excusable Non-Performance. A party shall not be liable for failure to
perform any part of this Agreement, except for the payment of money (which
obligation is not affected by this Section 13), to the extent and duration that
such failure to perform is on account of Acts of God or any government, fire,
strike, labor dispute, accident, war, insurrection, embargoes, delays of
carriers or suppliers, or for any other causes beyond such party’s reasonable
control or without its fault (“Force Majeure”). In the case of any delay or
failure that either party anticipates will cause an excusable delay hereunder,
such party will, within ten (10) days of becoming aware of such delay or
failure, give the other party written notice thereof, including a description of
the steps (if any) such party is taking to alleviate the underlying issue.

14. General.

(a) This Agreement, including the attached Exhibits, which are incorporated
herein, contains the entire agreement and understanding between Producer and
Agent with respect to the Agent’s agency and supersedes and replaces all prior
agreements and understandings, oral or written, with respect to the same. Except
as otherwise expressly provided in this Agreement, this Agreement shall not be
amended or modified except by a written instrument signed by both Producer and
Agent. It is recognized that Agent may from time to time issue transactional
forms or documents, and that any terms and conditions contained on such forms
and documents shall be of no force and effect, and shall not constitute a
modification or amendment of this Agreement absent Producer’s specific, written
agreement.

(b) This Agreement shall be binding upon and inure to the benefit of the parties
and their respective legal representatives and permitted successors and assigns.
The rights and obligations of Agent hereunder may not be assigned, delegated, or
transferred without the prior written consent of Producer, and any attempted
assignment, delegation or transfer in violation of this provision shall be void
and automatically terminate this Agreement.

 

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(c) This Agreement shall be governed by and construed in accordance with the
laws of the State of New York, not including the 1980 United Nations Convention
for the International Sale of Goods and notwithstanding the principles, if any,
that would otherwise govern the choice of applicable law. Each party agrees that
any and all litigation it may initiate arising out of the interpretation,
enforcement or breach of any provision of this Agreement shall be brought in the
State of New York in any court having competent subject matter jurisdiction over
such dispute. Additionally, each party hereby submits itself to the jurisdiction
of any court in the State of New York having competent subject matter
jurisdiction.

(d) The failure of either party to require the performance of any term or
obligation of this Agreement, or the waiver of either party of any breach of
this Agreement, shall not prevent a subsequent enforcement of such term or
obligation or be deemed a waiver of any subsequent breach.

(e) The section headings used in this Agreement are for reference purposes only,
and shall not affect the interpretation of this Agreement.

(f) The terms of Sections 6, 9, 10, 11, 12, 13, 15 and this Section 14 (each to
the extent applicable after the Term) will survive the expiration or termination
of this Agreement for any reason.

15. Interpretation. When a reference is made in this Agreement to an Article,
Section or Exhibit, such reference shall be to an Article or Section of, or an
Exhibit to, this Agreement, unless otherwise indicated. Whenever the words
“include,” “includes” or “including” are used in this Agreement, they shall be
deemed to be followed by the words “without limitation.” The words “hereof,”
“hereto,” “hereby,” “herein” and “hereunder” and words of similar import when
used in this Agreement shall refer to this Agreement as a whole and not to any
particular provision of this Agreement. The term “or” is not exclusive. The word
“extent” in the phrase “to the extent” shall mean the degree to which a subject
or other thing extends, and such phrase shall not mean simply “if.” All terms
defined in this Agreement shall have the defined meanings when used in any
certificate or other document made or delivered pursuant hereto unless otherwise
defined therein. The definitions contained in this Agreement are applicable to
the singular as well as the plural forms of such terms and to the masculine as
well as to the feminine and neuter genders of such term. Any agreement,
instrument or statute defined or referred to herein or in any agreement or
instrument that is referred to herein means such agreement, instrument or
statute as from time to time amended, modified or supplemented, unless otherwise
specifically indicated. References to a person are also to its permitted
successors and assigns. Unless otherwise specifically indicated, all references
to “dollars” and “$” will be deemed references to the lawful money of the United
States of America.

 

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
day and year first above written.

 

AGENT

   

PRODUCER

SCR-Sibelco NV     Covia Holdings Corporation By:  

/s/ Kurt Decat

    By:  

/s/ Campbell Jones

Name:   Kurt Decat     Name:   Campbell Jones Its:       Member of Executive
Committee     Its:  

Executive Vice President and

Chief Operating Officer

SCR-Sibelco NV       By:  

/s/ Laurence Boens

      Name:   Laurence Boens       Its:       Member of Executive Committee    
 

Signature Page to Agency Agreement (Sibelco as Agent)

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EXHIBIT A

Products

 

Product Name

  

Industry

  

Producer

Location

Kaolin Dried and Pulverised    Sanitaryware    Hephzibah Nepheline Flour   
Ceramic Ware, Sanitaryware    NSO, Tamms Silica Flour Microcrystalline   
Ceramic Ware, Industrial Ceramics    Tamms, Elco Plastic Prepared Body   
Sanitaryware    Apodaca Kaolin Ground    Ceramic ware, Industrial Ceramics   
McIntyre Calcium Carbonate Ground    Feed Amendments    Apodaca

Coatings & Polymers:

 

Product Name

  

Industry

  

Producer Location

Granusil    Architectural and Decorative, Plastics, Adhesives and Sealants   
Emmett, Guion, Jaltipan, Junction City, Lampazos, Lugoff, Oregon, Ottawa,
Pevely, Portage, St. Canut Silica Sand1    Architectural and Decorative,
Industrial Coatings, Rubber, Plastics, Adhesives & Sealants    Any location
operated by Fairmount Santrol Holdings Inc., or its Subsidiaries, prior to the
Effective Date Imsil    Architectural and Decorative, Industrial Coatings,
Rubber, Plastics, Adhesives & Sealants    Elco Minbloc    Plastics    Tamms, NSO
Minex Fine    Architectural & Decorative, Plastics, Industrial Coatings, Rubber
   Tamms, Troy Grove, NSO Minex IG    Industrial Coatings, Architectural and
Decorative, Plastics    NSO Silver Bond    Architectural and Decorative,
Plastics, Industrial Coatings, Rubber,    San Jose, Lampazos Hifill N   
Plastics    NSO, Troy Grove, Tamms Hifill, HiWhite (Aerogem)    Architectural
and Decorative, Industrial Coatings, Rubber, Plastics, Adhesives & Sealants   
Apodaca, Huntingburg

 

 

1  No orders of Silica Sand shall be considered in determining if Agent’s annual
volume of orders generated falls below the Applicable Minimum.

 

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Portaryte, Portaflame, Portafill    Architectural and Decorative, Industrial
Coatings, Rubber, Plastics, Adhesives & Sealants    Apodaca Snobrite   
Adhesives & Sealants, Rubber, Architectural & Decorative, Industrial Coatings,
Plastics    McIntyre

 

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EXHIBIT B

Industries

 

Industry

  

Applicable Minimum

Sanitaryware    3,000 metric tons Ceramic Ware    600 metric tons Industrial
Ceramics    100 metric tons Feed Amendments    200 metric tons Coatings &
Polymers:

 

Industry

  

Applicable Minimum2

Rubber    37,900 metric tons Plastics    13,900 metric tons Architectural and
Decorative    191,500 metric tons Industrial Coatings    33,700 metric tons
Adhesives and Sealants    6,000 metric tons Solder Mask, Epoxy Molding
Compounds, Printed Circuit Boards    130 metric tons

 

 

2  No orders of Silica Sand shall be considered in determining if Agent’s annual
volume of orders generated falls below the Applicable Minimum.

 

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EXHIBIT C

Trading Area

 

Jurisdiction

  

Applicable Minimum

World, except for North America and Mexico    3,900 metric tons

Coatings & Polymers:

 

Jurisdiction

  

Applicable Minimum3

North America, Mexico, Caribbean    283,000 metric tons

 

 

3  No orders of Silica Sand shall be considered in determining if Agent’s annual
volume of orders generated falls below the Applicable Minimum.

 

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