Document:

Exhibit 10.2 -- WFT Contract

Exhibit 10.2

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT OF THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY SUBMITTED TO THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***).

AMENDED AND RESTATED FIRST AMENDMENT TO SUPPLY AGREEMENT
THIS AMENDED AND RESTATED FIRST AMENDMENT TO SUPPLY AGREEMENT (defined in recitals) (this “Amendment”) is entered into and effective as of May 5, 2014, by and between Weatherford U.S., L.P., a Louisiana legal entity, on behalf of itself and its affiliates including Weatherford Artificial Lift Systems, L.L.C. (f/k/a Weatherford Artificial Lift Systems, Inc.), a Delaware limited liability company (collectively with its affiliates, “Weatherford”), and Hi-Crush Operating LLC, a Delaware limited liability company, on behalf of itself and its affiliates, including D & I Silica, LLC (collectively with its affiliates “Supplier”).
RECITALS
WHEREAS, Weatherford and Supplier are parties to that certain Supply Agreement, dated as of January 11, 2010 and effective as of January 11, 2011 (the “Supply Agreement”);
WHEREAS, Weatherford and Supplier entered into that certain First Amendment to Supply Agreement, dated as of March 5, 2014 (the “First Amendment”);
WHEREAS, Weatherford and Supplier desire to amend and restate the First Amendment in its entirety as set forth in this Amendment; and
WHEREAS, each capitalized term not defined in the text of this Amendment has the meaning set forth in the Supply Agreement.
AGREEMENT

NOW, THEREFORE, in consideration of these recitals, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows:
Article I.
AMENDMENTS

The parties hereto hereby agree that the Supply Agreement is hereby amended as provided below effective as of the date hereof:
Section 1.01    Section 1.1 of the Supply Agreement.

		
	(a)
	The following definitions in Section 1.1 of the Supply Agreement are hereby amended and restated in their entirety to read as follows:

“(a) Affiliate or affiliate in relation to either Party means any corporation, limited liability company, partnership, proprietorship, joint venture or other entity directly or indirectly controlled by, controlling, or under common control with that Party.  With respect to Supplier, Affiliate shall mean and include Hi-Crush Proppants LLC and its affiliates and subsidiary entities (other than Supplier).  With respect to Weatherford entities, it shall include any U.S. and international entities designated by Weatherford as purchasing entities in Work Orders.”

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Exhibit 10.2

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT OF THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY SUBMITTED TO THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***).

“(c) Contract Year means the initial period starting on the Effective Date until July 1, 2012 and each of the seven (7) successive periods of twelve (12) calendar months occurring immediately thereafter.”
“(k) Product(s) means generally, whether singular or plural, 20/40 Premium Frac Sand, 30/50 Premium Frac Sand, 40/70 Premium Frac Sand and 100 Mesh Sand.  For the sake of clarity, coated and ceramic proppant are not included in this definition.”
		
	(b)
	The following definitions are hereby inserted at the end of Section 1.1 of the Supply Agreement:

“(u)    20/40 Premium Frac Sand means Northern White grade 20/40 frac sand that meets the Specifications.”
“(v) 30/50 Premium Frac Sand means Northern White grade 30/50 frac sand that meets the Specifications.”
“(w) 40/70 Premium Frac Sand means Northern White grade 40/70 frac sand that meets the Specifications.”
“(x) 100 Mesh Sand means 100 mesh sand that meets the quality standards prescribed by ISO 13503‐2, Proppant Specifications, and originates from any of the Jordan, Mt. Simon, St. Peter or Wonewoc sandstone formations (known as Northern White sand).”
Section 1.02    Section 2.1 of the Supply Agreement.

		
	(a)
	Section 2.1(a) of the Supply Agreement is hereby amended and restated in its entirety to read as follows:

“(a)(i)     Beginning in July of 2011 until *** (the “First Term”), Supplier is obligated to sell and Weatherford is obligated to buy each year for three (3) years, *** tons of Product per year consisting of no more than *** tons of *** and up to *** tons of *** (the “First Phase Minimum Supply”).
(ii)        Beginning on *** until *** (the “Second Term”), Supplier is obligated to sell and Weatherford is obligated to buy *** tons of Product consisting of *** tons of ***, *** tons of *** and *** tons of *** (the “Second Phase Minimum Supply”).
(iii)        Beginning on *** until *** (the “Third Term”), Supplier is obligated to sell and Weatherford is obligated to buy *** tons of Product consisting of *** tons of ***, *** tons of *** and *** tons of *** (the “Third Phase Minimum Supply”).
(iv)        Beginning on *** until *** (the “Fourth Term”), Supplier is obligated to sell and Weatherford is obligated to buy *** tons of Product each year consisting of *** tons of ***, *** tons of *** and *** tons of *** (the “Fourth Phase Minimum Supply”).  The First Phase Minimum Supply, Second Phase Minimum Supply, Third Phase Minimum Supply and Fourth Phase Minimum Supply shall be collectively, the “Minimum Supply.”

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Exhibit 10.2

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT OF THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY SUBMITTED TO THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***).

(v)        Supplier shall be under no obligation to supply or sell, and Weatherford shall not have the right to buy, Product in excess of the Minimum Supply.  In the event that Supplier fails to supply to Weatherford the Minimum Supply during any Contract Year (a “Supply Shortfall”), Supplier shall have *** months after the end of such Contract Year to, as the sole and exclusive remedy for such Supply Shortfall, in its discretion, either (i) tender the Supply Shortfall, including by supplying Product from one or more third parties in accordance with Section 2.8, or (ii) pay to Weatherford within *** of the end of the Contract Year, as liquidated damages, an amount equal to the amount of the Supply Shortfall (expressed in tons) multiplied by (A) $*** (for any Supply Shortfall occurring prior to *** and (B) $*** (for any Supply Shortfall occurring on or after ***).
(vi)        Notwithstanding the foregoing, (A) commencing *** through ***, Weatherford may purchase up to *** tons of *** per year and (B) commencing ***, Weatherford may purchase up to *** tons of *** per year (collectively, “***”) and Supplier is obligated to sell such sand to Weatherford.  Any tons of *** purchased under this Section 2.1(a)(vi) after ***shall be applied to the Minimum Purchase Requirement for the applicable Contract Year and the Monthly Minimum Requirement and the Monthly Maximum Supply Availability during the applicable calendar month as if ***% of such *** was *** and the other ***% of such *** was ***.”
(b)  Section 2.1(b) of the Supply Agreement is hereby amended by replacing the last sentence at the end thereof with the following text:

“Additionally, (i) during the First Term, no more than *** of the Monthly Maximum Supply Availability in any given calendar month shall be *** or ***, (ii) during the Second Term, (A) no more than *** tons, *** tons and *** tons in any given calendar month shall be ***, ***or ***, respectively, and (B) no less than *** tons in any given calendar month shall be *** or ***, (iii) during the Third Term (A) no more than *** tons, *** tons and *** tons in any given calendar month shall be ***, *** or ***, respectively, and (B) no less than *** tons or *** tons in any given calendar month shall be *** or ***, respectively, (iv) during the Fourth Term (A) no more than *** tons, *** tons and *** tons in any given calendar month shall be ***, *** or ***, respectively, and (B) no less than *** tons or *** tons in any given calendar month shall be *** or ***, respectively, and (v) Supplier is not obligated to sell to Weatherford more than *** tons of *** in any given calendar month.  Notwithstanding the foregoing, Supplier will use commercially reasonable efforts to fulfill orders that exceed the Monthly Maximum Supply Availability and the monthly grade split maximums set forth in the preceding sentence.”

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Exhibit 10.2

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT OF THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY SUBMITTED TO THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***).

(c)  Section 2.1(b) of the Supply Agreement is hereby further amended by adding the following at the end of the table thereof to read as follows:
	
		
	2013 through May 2014
	*** tons/month

	June 2014 through August 2014
	*** tons/month

	September 2014 through April 2015
	*** tons/month

	May 2015 and thereafter
	*** tons/month

(d)  Section 2.1 of the Supply Agreement is hereby further amended by inserting the following text immediately after the end of Section 2.1(b) of the Supply Agreement to read in its entirety as follows:

		
	“(c)
	(i) Upon *** written notice from Weatherford to Supplier, Weatherford may from time to time during the Fourth Term, at its option, elect to increase the number of tons of *** and *** that Supplier is obligated to sell and Weatherford is obligated to purchase each year by up to *** tons for each such grade of sand and, in connection with such increase, the number of tons of *** that Supplier is obligated to sell and Weatherford is obligated to purchase each year shall be reduced by the increased number of tons of *** and *** that Weatherford elects to purchase pursuant to this Section 2.1(c)(i) (collectively, the “Flex Option”).

(ii) If Weatherford exercises the Flex Option, then on such date that the Flex Option is effective: (A) Section 2.1(a)(iv) shall be deemed automatically amended to reflect the permitted reallocation of volumes among ***, *** and *** in accordance with Section 2.1(c)(i), and (B) Section 2.1(b)(iv) shall be deemed automatically amended as follows:
		
	(I)
	“*** tons” and “*** tons” shall each be increased by the number of additional tons of ***, if any, that Weatherford has elected to purchase pursuant to the Flex Option;

		
	(II)
	“*** tons” and “*** tons” shall each be increased by the number of additional tons of ***, if any, that Weatherford has elected to purchase pursuant to the Flex Option; and

		
	(III)
	“*** tons” shall be decreased by the aggregate number of tons of *** and *** that Weatherford has elected to purchase pursuant to the Flex Option.

		
	(d)
	If Weatherford’s aggregate projected demand for Product in the Utica and Marcellus shale deposits/Appalachian basin is reasonably expected to be less than *** tons for the twelve-month period commencing *** and Weatherford provides supporting documentation demonstrating same, then commencing ***, Weatherford may at its option elect to reduce the number of tons that Supplier is obligated to sell and Weatherford is obligated to buy to *** tons of Product each year (the “Reduction Election”).  To exercise its Reduction Election, Weatherford must provide Supplier with written notice prior to *** of its exercise of the Reduction Election pursuant to this Section 2.1(d) together with supporting documentation demonstrating that Weatherford’s aggregate projected demand for Product in the Utica and Marcellus shale deposits/Appalachian basin is reasonably expected to be less than *** tons for the twelve-month period commencing *** (the “Reduction Election Exercise Notice”) and such Reduction Election shall be irrevocable upon receipt by Supplier of the Reduction Election Exercise Notice.  If Weatherford exercises the Reduction Election, then the annual and monthly volume requirements (including by grade of Product), the Monthly Maximum Supply Availability, the Monthly Minimum Supply Requirement and the Minimum Purchase Requirement shall be reduced on a pro rata basis from the volume requirements in effect immediately prior to the exercise of the Reduction Election.

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Exhibit 10.2

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT OF THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY SUBMITTED TO THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***).

		
	(e)
	If there is a material change in Weatherford’s demand profile due to shifting market dynamics, the Parties shall meet to discuss how the volume allocation between grades of Product may be reallocated.  Nothing in this section shall be construed to compel either Party to renegotiate, modify or amend this Agreement.”

Section 1.03    Section 2.2 of the Supply Agreement.

		
	(a)
	Section 2.2(a) of the Supply Agreement is hereby amended and restated in its entirety to read as follows:

		
	“(a)
	(i)    From the Effective Date until *** (I) for the first 495,000 tons of Product purchased by Weatherford, the price will be $***/ton, and (II) for the second 495,000 tons of Product purchased by Weatherford, the price will be ***.  Any Product purchased in excess of 990,000 tons during such period will be priced at ***.  All prices specified in this Agreement and all amounts owing from one Party to the other will be in U.S. Dollars.

(ii)    From *** until ***, F.O.B. mine pricing will be fixed at (I) $***/ton of 20/40 Premium Frac Sand, (II) $***/ton of 30/50 Premium Frac Sand, (III) $***/ton of 40/70 Premium Frac Sand and (IV) $***/ton of 100 Mesh Sand.

		
	(b)
	Section 2.2 of the Supply Agreement is hereby further amended by adding the following text immediately after the end of Section 2.2(b):

		
	“(c)
	(i)    Notwithstanding anything to the contrary contained herein, from October 1, 2013 until June 30, 2019, Weatherford may purchase Product, and Supplier may sell Product, at the locations identified in the table set forth in Section 2.2(c)(iii).  The parties acknowledge that (I) the points of delivery set forth in the table in Section 2.2(c)(iii) are limited to Supplier’s transload facilities at such locations and (II) Supplier may terminate operations at any of the transload facilities identified in the table set forth in Section 2.2(c)(iii) without providing prior notice to Weatherford.

(ii)    From the date hereof, the price of the Product sold to Weatherford under this Section 2.2(c) shall be FCA Supplier’s transload facilities at the locations set forth in the table in Section 2.2(c)(iii) (subject to the price adjustments set forth in Section 2.2(c)(iv)).  Weatherford shall take ownership of the Product sold under this Section 2.2(c) at such transload facilities and shall be responsible for all risk of loss, onward shipping and handling to the final destination.

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Exhibit 10.2

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT OF THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY SUBMITTED TO THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***).

(iii)    The base pricing set forth below is for Supplier’s transload facilities at such locations (subject to the price adjustments set forth in Section 2.2(c)(iv)).  The base pricing for other areas or facilities shall be mutually agreed upon between Supplier and Weatherford.

	
					
	Supplier terminal
	20/40 Premium Frac Sand ($ per ton)
	30/50 Premium Frac Sand ($ per ton)
	40/70 Premium Frac Sand ($ per ton)
	100 Mesh Sand ($ per ton)

	Zone 1 - Central & Eastern PA & NY
	 

	includes:
Binghamton, NY, Driftwood, PA, Pittston, PA, Wellsboro, PA
	$***
	$***
	$***
	$***

	Zone 2 - Western & Southern PA
	 

	includes:
Bradford, PA, Kittanning, PA, Ridgway, PA
Sheffield, PA
Smithfield, PA
	$***
	$***
	$***
	$***

	Zone 3 - Eastern Ohio
	 

	includes:
Dennison, OH, Minerva, OH,
Mingo Junction, OH
	$***
	$***
	$***
	$***

		
	(iv)
	The prices set forth in Section 2.2(c)(iii) shall be adjusted as follows:

		
	(A)
	Commencing *** and on each anniversary date (i.e. October 1) thereafter, the base pricing for each ton of Product shall be increased by *** per ton.

		
	(B)
	The parties acknowledge that the prices set forth in Section 2.2(c)(iii) include rail freight from mine to the respective destinations and fuel surcharges and that such freight charges and fuel surcharges are outside of Supplier’s control.  Increases or decreases in rail freight and/or fuel surcharges after the date of this Amendment will be passed through to Weatherford at 100% of the increase or decrease.  At the request of Weatherford, Supplier will provide proof of the rail freight or fuel surcharge.

		
	(C)
	Weatherford will have the right with reasonable notice to audit the relevant records to verify surcharge costs; provided, however, that Weatherford will be required to sign a commercially reasonably confidentiality agreement and Supplier is not obligated to provide information to Weatherford that is otherwise subject to a confidentiality restriction with another Person.

(v)    Any Product purchased by Weatherford under this Section 2.2(c) (which, for the avoidance of doubt, includes any Product purchased by Weatherford since October 1, 2013 from Supplier’s transload facilities) shall be applied to the Minimum Purchase Requirement for the applicable Contract Year and the Monthly Minimum Requirement and the Monthly Maximum Supply Availability during the applicable calendar month and, to the extent that any of such Product is ***, such *** shall be applied to the Minimum Purchase Requirement for the applicable Contract Year and the Monthly Maximum Supply Availability and the Monthly Minimum Requirement during the applicable calendar month as if ***% of such *** was *** and the other ***% of such *** was ***.”

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Exhibit 10.2

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT OF THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY SUBMITTED TO THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***).

Section 1.04    Section 2.3 of the Supply Agreement.  Section 2.3 of the Supply Agreement is hereby amended and restated in its entirety to read as follows:

		
	“2.3
	Weatherford Minimum Purchase Requirement.  Weatherford shall be required to take and, in accordance with Section 3.1, pay for an aggregate of (i) *** tons of Product per Contract Year during the First Term (the “First Term Minimum Purchase Requirement”), (ii) *** tons of Product during the Second Term (the “Second Term Minimum Purchase Requirement”), (iii) *** tons of Product during the Third Term (the “Third Term Minimum Purchase Requirement”), and (iv) *** tons of Product per Contract Year during the Fourth Term (the “Fourth Term Minimum Purchase Requirement” and together with the First Term Minimum Purchase Requirement, the Second Term Minimum Purchase Requirement and the Third Term Minimum Purchase Requirement, the “Minimum Purchase Requirement”); provided, however, that if, due solely to the unavailability of rail cars in the market, Weatherford is unable to take delivery of Products as contemplated hereunder for a period of time during a Contract Year, Weatherford shall not be deemed to be in breach of this Agreement as a result of such failure so long as Weatherford is using commercially reasonable efforts to obtain rail cars and minimize the period of time during which Weatherford is unable to take delivery of Products; provided, further, however, that nothing in this sentence shall be construed to relieve Weatherford of its obligations to make payments under this Agreement other than any Makewhole Payments that accrue as a result of Weatherford being unable to take delivery of Products due solely to the unavailability of rail cars in the market so long as Weatherford is using commercially reasonable efforts to obtain rail cars and minimize the period of time during which Weatherford is unable to take delivery of Products.  The Minimum Purchase Requirement shall be ordered by Weatherford in installments of not less than *** tons of Product per calendar month during the First Term, *** tons of Product per calendar month during the Second Term, *** tons of Product per calendar month during the Third Term and *** tons of Product per calendar month during the Fourth Term (as applicable, the “Monthly Minimum Requirement”), and not more than the Monthly Maximum Supply Availability, beginning in July of 2011 and continuing thereafter for each calendar month during the Term.  In the event that Weatherford fails to purchase one twelfth (1/12) of the Minimum Purchase Requirement of Product from Supplier during any particular calendar month in which Supplier was ready, willing and able to deliver 30,000 tons of Product during the First Term, 53,167 tons of Product during the Second Term, 80,667 tons of Product during the Third Term or 110,000 tons of Product during the Fourth Term, as applicable, then the “Purchase Shortfall” shall be the amount by which one twelfth (1/12) of the Minimum Purchase Requirement exceeds the amount of Product actually purchased by Weatherford during such calendar month.  On written notice of such Purchase Shortfall to Weatherford by Supplier, Weatherford shall have *** months after the month of the Purchase Shortfall to purchase tonnage of Product in excess of the Monthly Minimum Requirement (but subject to the Monthly Maximum Supply Availability) to make up for the Purchase Shortfall.  If Weatherford fails to purchase the full amount of the Purchase Shortfall in such *** month period, Weatherford shall be obligated to pay to Supplier an amount equal to the amount of the Purchase Shortfall not purchased by Weatherford in such *** month period (expressed in tons) multiplied by (A) $*** (for any Supply Shortfall occurring prior to *** and (B) $*** (for any Supply Shortfall occurring on or after ***) (the “Makewhole Payment”); provided, however, that Weatherford shall have no obligation to make the Makewhole Payment with respect to the first *** tons of *** that Weatherford is obligated to purchase each Contract Year.  The Makewhole Payment shall be paid within *** days of written demand by Supplier, by wire transfer of immediately available funds to the account designated in writing by Supplier.  The aggregate Purchase Shortfall amount for a Contract Year shall not exceed the Minimum Purchase Requirement for such Contract Year less the amount of Product ordered and delivered to Weatherford.  Weatherford reserves the right to resell goods purchased from Supplier if deemed necessary by Weatherford in order to satisfy the Minimum Purchase Requirement.  Supplier shall not be obligated to deliver more than the Monthly Maximum Supply Availability on any given calendar month.

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Exhibit 10.2

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT OF THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY SUBMITTED TO THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***).

Section 1.05    Section 2.5 of the Supply Agreement.  Section 2.5 of the Supply Agreement is hereby amended by inserting “, Augusta, Wisconsin or Whitehall, Wisconsin” immediately after “Wyeville, Wisconsin”.

Section 1.06    Section 7.1 of the Supply Agreement.  Section 7.1 of the Supply Agreement is hereby amended by replacing “July 31, 2014” with “June 30, 2019”.

Section 1.07    Section 8.3 of the Supply Agreement.  Section 8.3 of the Supply Agreement is hereby amended by deleting the “AND” immediately prior to the “(III)” and inserting the following text immediately prior to the period at the end thereof:

“AND (IV) ANY BREACH OF ANY COVENANTS OR AGREEMENTS OF SUPPLIER CONTAINED IN THIS AGREEMENT”

Section 1.08    Section 8.4 of the Supply Agreement.  Section 8.4 of the Supply Agreement is hereby amended by deleting the “AND” immediately prior to the “(III)” and inserting the following text immediately prior to the period at the end thereof:

“AND (IV) ANY BREACH OF ANY COVENANTS OR AGREEMENTS OF WEATHERFORD CONTAINED IN THIS AGREEMENT”

Article II.
GENERAL PROVISIONS; MISCELLANEOUS

Section 2.01    Supply Agreement.
Except as expressly set forth herein, the Supply Agreement is and will remain unmodified and in full force and effect, including without limitation with respect to the volume requirements and pricing contained in the Supply Agreement in effect on the Effective Date.  Each future reference to the Supply Agreement will refer to the Supply Agreement as amended by this Amendment.
Section 2.02    Counterparts.  This Amendment may be executed in two or more counterparts, each of which will be deemed to be an original and all of which, when taken together, will be deemed to constitute one and the same agreement.  Any party to this Amendment may deliver an executed counterpart hereof by facsimile transmission or electronic mail (as a portable document format (PDF) file) to another party hereto or thereto and any such delivery shall have the same force and effect as the delivery of a manually signed counterpart of this Amendment.

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Exhibit 10.2

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT OF THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY SUBMITTED TO THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***).

Section 2.03    Other Provisions.  The provisions of the Supply Agreement with respect to notices and service, governing law, venue and waiver of jury trial are incorporated into this Amendment as though set forth herein.

[Signature Page Follows]

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Exhibit 10.2

SPECIFIC TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT OF THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN SEPARATELY SUBMITTED TO THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH THREE ASTERISKS (***).

IN WITNESS WHEREOF, the parties have executed this Amendment as of the day and year first above written.
WEATHERFORD:
WEATHERFORD U.S., L.P., on behalf of itself and its affiliates, including Weatherford Artificial Lift Systems, L.L.C. and Weatherford International, L.L.C.

By: /s/ Authorized Person                
Name: Authorized Person    
Title: Authorized Officer    

SUPPLIER:
HI-CRUSH OPERATING LLC

By:    /s/ James M. Whipkey                
Name: James M. Whipkey    
Title: co-Chief Executive Officer    

Signature Page to Amended and Restated First Amendment to Supply AgreementETN 03.31.2014 EX 10.1

Exhibit 10.1

 
2014 RESTRICTED SHARE UNIT GRANT
RESTRICTED SHARE UNIT AGREEMENT UNDER THE AMENDED AND RESTATED 2012 STOCK PLAN

Date of Grant  
Name
Number and Type of Shares
  

Award of Restricted Share Units under the Eaton Corporation plc 
Amended and Restated 2012 Stock Plan

The Compensation and Organization Committee (the “Committee”) of the Board of Directors of Eaton Corporation plc (the “Company”) has awarded you a number of restricted share units effective as of (the “Effective Date”) under the terms and conditions of the Company’s Amended and Restated 2012 Stock Plan, as amended (the “Plan”).  Information concerning the number of restricted share units awarded to you (the “Award”) is available online through the Eaton Service Center at Fidelity which may be accessed through the Company’s website.  You are required to accept the Award online at the Eaton Service Center at Fidelity.  You acknowledge and agree as follows:

1.    Acceptance.  I hereby accept the aforementioned award on the terms and conditions provided in the Plan and this Agreement. 

2.    Restricted Share Units.  I acknowledge that, as of the Effective Date, the restricted share units referred to above (the “Restricted Units”) have been awarded to me, contingent on the continuation of my service with the Company or any of its subsidiaries as provided herein.  Each Restricted Unit is equivalent in value to the market value of one (1) ordinary share of  nominal value $0.01 per share (“Ordinary Share”) of the Company.  The Restricted Units shall be forfeited and immediately cancelled if my employment with the Company or any of its subsidiaries is terminated under any circumstances whatsoever, including without limitation dismissal, resignation, divestiture of operations, disability or retirement.  This possibility of forfeiture shall lapse according to the vesting schedule as published on the Company’s records at the Eaton Service Center at Fidelity.

If any Restricted Units are forfeited for any reason, I understand that I will not be entitled to any payment of cash or Ordinary Shares in respect of any Restricted Units so forfeited.  Restricted Units that vest shall be settled by the delivery to me of an equal number of Ordinary Shares within ten (10) days following the applicable vesting date. 

The Management Compensation Committee of the Company (the “Management Committee”) reserves the right to decide to what extent my leaves of absence for government or military service, illness, temporary disability, or other reasons shall not be deemed to be an interruption of continuous employment.        

3.    Vesting.   Awards subject to this grant will vest as published on the Company’s records at the Eaton Service Center at Fidelity.  However, if a regularly scheduled vest day falls on a Saturday, Sunday or other day when the principal stock exchange for the Ordinary Shares is closed for trading, the vest day shall mean the nearest preceding day when that stock exchange is open for trading.  

4.    Par Value.  To the extent that Ordinary Shares issued upon settlement of my award of Restricted Units are newly issued Ordinary Shares, I hereby authorize the Company or any subsidiary to withhold from me via payroll deduction an amount equal to the nominal value, being US $0.01 per share, of such number of newly issued Ordinary Shares, or if such deduction is not made, I will pay or make arrangements with the Company for payment of such amount.

5.    Transferability.  Until the possibility of forfeiture lapses with respect to any of the Restricted Units, those units or any Ordinary Shares to be delivered with respect to the Restricted Units shall be non-transferable.  I agree not to make, or attempt to make, any sale, assignment, transfer or pledge of any of the Restricted Units or Ordinary Shares prior to the date on which the possibility of forfeiture with respect to such shares lapses and the shares vest.  Notwithstanding the foregoing provisions of this Paragraph 5, I am permitted to designate one or more primary and contingent beneficiaries to whom the Restricted Units will be transferred in the event of my death.  The process for designating such beneficiaries is available through the Eaton Service Center at Fidelity. 

6.    Reorganizations, etc.  In the event of a reorganization, merger, consolidation, reclassification, recapitalization, combination or exchange of shares, stock split, stock dividend, rights offering or other event affecting the Company’s Ordinary Shares, the number of Restricted Units and description or class of shares subject to this Award shall be equitably adjusted by the Management Committee so as to reflect that change.

7.    Dividend Equivalents and Voting Rights.  I acknowledge that there are no voting or dividend rights associated with the Restricted Units such as those available to holders of Ordinary Shares of the Company.  

8.    Tax Withholdings.  (a)  I am responsible for all taxes and social insurance contributions owed by me in connection with the Restricted Units, regardless of any action the Company takes with respect to any Tax Withholding Obligations (as defined below) that arise in connection with the Restricted Units.  The Company does not make any representation or undertaking regarding the tax treatment or treatment of any tax withholding in connection with the grant or vesting of the Restricted Units or the subsequent sale of the Ordinary Shares.  The Company does not commit and is under no obligation to structure the Restricted Units to reduce or eliminate my tax liability. 

(b)  Prior to any event in connection with the Restricted Units that the Company determines may result in any domestic or foreign tax withholding obligation, whether national, federal, state or local, including any social insurance contributions (the “Tax Withholding Obligation”), I am required to arrange for the satisfaction of the amount of such Tax Withholding Obligation in a manner acceptable to the Company.  My acceptance of this Agreement constitutes my instruction and authorization to the Company to withhold on my behalf the number of Ordinary Shares from those Ordinary Shares issuable to me at the time when the Restricted Units become vested as the Company determines to be sufficient to satisfy the Tax Withholding Obligation.  The value of the Ordinary Shares withheld for such purposes shall be based on the fair market value of the Ordinary Shares on the date of vesting.  To the extent that the Company or an affiliate withholds in Ordinary Shares, it will do so at the minimum statutory rate.  Should the Company or the affiliate withhold an amount in excess of my actual Tax Withholding Obligation, the Company and/or my employer will refund the excess within a reasonable period and without any interest.  I agree (i) to pay the Company and/or the affiliate employing me any amount of the Tax Withholding Obligation that is not satisfied by the means described herein or (ii) to the extent permitted by applicable law, for the Company and/or the affiliate employing me to deduct cash from my regular salary payroll to cover such additional amounts.  If I fail to comply with my obligations in connection with the Tax 

Withholding Obligation as described in this section, the Company may refuse to deliver the Ordinary Shares.

9.    No Rights to Continued Employment.  I acknowledge that this award of Restricted Units does not in any way entitle me to continued employment with the Company or any of its subsidiaries for the period during which the possibility of forfeiture continues or for any other period, and does not limit or restrict any right the Company or any of its subsidiaries otherwise may have to terminate my employment.  Furthermore, the Restricted Units and my participation in the Plan will not be interpreted to form an employment contract or relationship with the Company or any subsidiary or affiliate.

10.    Competition by Employee.  I expressly acknowledge and agree that in the event that I voluntarily leave the employment of the Company or a subsidiary and within one year after the vesting of the Restricted Units enter into an activity as employee, agent, officer, director, principal or proprietor which, in the sole judgment of the Management Committee, is in competition with the Company or a subsidiary, the amount of the total fair market value of such vested Restricted Units as of the vesting date shall inure to the benefit of the Company and I agree to promptly pay the same to the Company, unless the Management Committee in its sole discretion shall determine that such action by me is not inimical to the best interests of the Company or its subsidiaries.  

11.    Change of Control.  Notwithstanding anything in this Agreement to the contrary, effective upon a Change of Control of the Company (as defined below), the forfeiture restrictions referred to in Paragraph 2 hereof shall lapse with respect to all of the Restricted Units and the vested Restricted Units shall be settled in accordance with Paragraph 2 hereof.  For the purpose of this Agreement, a “Change of Control” shall mean:

		
	A.
	The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 25% or more of either (i) the then outstanding Ordinary Shares of the Company (the “Outstanding Ordinary Shares”) or (ii) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that for purposes of this subsection, the following acquisitions shall not constitute a Change of Control:  (i) any acquisition directly from the Company, (ii) any acquisition by the Company, or (iii) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company; or

		
	B.
	Individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Company's shareholders, was approved by a vote of at least two-thirds of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board; or

		
	C.
	Consummation by the Company of a reorganization, merger or consolidation or sale or other disposition of all or substantially all of the assets of the Company or the acquisition of assets of another corporation (a “Business Combination”), in each case, unless, following such Business 

Combination, (i) all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Ordinary Shares and Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than 55% of, respectively, the then outstanding ordinary shares and the combined voting power of the then outstanding voting securities entitled to vote generally in the election of directors, as the case may be, of the corporation resulting from such Business Combination (including, without limitation, a corporation which as a result of such transaction owns the Company or all or substantially all of the Company's assets either directly or through one or more subsidiaries) in substantially the same proportions as their ownership, immediately prior to such Business Combination of the Outstanding Ordinary Shares and Outstanding Company Voting Securities, as the case may be, (ii) no Person (excluding any employee benefit plan (or related trust) of the Company or such corporation resulting from such Business Combination) beneficially owns, directly or indirectly, 25% or more of, respectively, the then outstanding ordinary shares of the corporation resulting from such Business Combination or the combined voting power of the then outstanding voting securities of such corporation except to the extent that such ownership existed prior to the Business Combination and (iii) at least a majority of the members of the board of directors of the corporation resulting from such Business Combination were members of the Incumbent Board at the time of the execution of the initial agreement, or of the action of the Board, providing for such Business Combination; or

		
	D.
	Approval by the shareholders of the Company of a complete liquidation or dissolution of the Company.

Notwithstanding the foregoing, a “Change of Control” shall not be deemed to have occurred as a result of any transaction or series of transactions which I, or any entity in which I am a partner, officer or more than 50% owner, initiate, if immediately following the transaction or series of transactions that would otherwise constitute a Change of Control, I, either alone or together with other individuals who are executive officers of the Company immediately prior thereto, beneficially own, directly or indirectly, more than 10% of the then outstanding Ordinary Shares of the Company or the ordinary shares of the corporation resulting from the transaction or series of transactions, as applicable, or of the combined voting power of the then outstanding voting securities of the Company or such resulting corporation. 

12.    Arbitration.  In the event of any disputes or difference arising out of or relating to this Agreement, or with regard to performance of any obligation hereunder by either party hereto, both parties hereto shall use their best efforts to settle such dispute or difference in an amicable manner.  Should such dispute or difference not be resolved or amicably settled between the parties hereto, such dispute or difference shall be finally settled by arbitration without recourse to the Courts.  Arbitration shall be conducted in accordance with the Rules of Arbitration of the American Arbitration Association by three (3) arbitrators, one of whom shall be selected by the Company, one by me and a third by the two arbitrators so selected.  In the event that the arbitrators selected by the Company and myself are unable to reach an agreement as to the third arbitrator, the third arbitrator shall be selected by the American Arbitration Association.  Arbitration should be held in Cleveland, Ohio.  In any dispute referred to arbitration, each party shall be given the opportunity to present to the arbitrators its evidence, witnesses and argument, and the right to be represented by counsel of its choice when the other party presents its evidence, witnesses and argument.

The decision and award of the arbitrators shall be in writing and shall be final and binding on the parties hereto.  Judgment upon the award rendered may be entered in any Court having jurisdiction thereof or application may be made to such Court for a judicial acceptance of the award and an Order of 

Enforcement, as the case may be.  The expenses of arbitration shall be borne in accordance with the determination of the arbitrators.  Pending a decision by the arbitrators with respect to the dispute or difference undergoing arbitration, all other obligations of the parties hereto shall continue as stipulated herein and all monies not directly involved in such dispute or difference shall be paid when due.

13.    Nature of Grant.  In accepting the grant, I acknowledge that:

(a)    the Plan is established voluntarily by the Company, it is discretionary in nature and it may be modified, amended, suspended or terminated by the Company at any time;
(b)    the grant of the Restricted Units is voluntary and occasional and does not create any contractual or other right to receive future grants of restricted units, or benefits in lieu of restricted units, even if restricted units have been granted repeatedly in the past and all decisions with respect to future restricted unit grants, if any, will be at the sole discretion of the Company;
(c)    I am voluntarily participating in the Plan;
(d)    the Restricted Units and the Ordinary Shares subject to the Restricted Units are an extraordinary item that does not constitute compensation of any kind for services of any kind rendered to the Company or my employer, and which is outside the scope of my employment contract, if any;
(e)    the Restricted Units and the Ordinary Shares subject to the Restricted Units are not intended to replace any pension rights or compensation;
(f)    the Restricted Units and the Ordinary Shares subject to the Restricted Units are not part of normal or expected compensation or salary for any purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, dismissal, end of service payments, bonuses, long-service awards, pension or retirement or welfare benefits or similar payments and in no event should be considered as compensation for, or relating in any way to, past services for the Company, my employer, or any subsidiary or affiliate;
(g)    the future value of the underlying Ordinary Shares is unknown and cannot be predicted with certainty;
(h)    in consideration of the grant of the Restricted Units, no claim or entitlement to compensation or damages shall arise from forfeiture of the Restricted Units resulting from termination of my employment with the Company or my employer (for any reason whatsoever and whether or not in breach of local labor laws) and I irrevocably release the Company and my employer from any such claim that may arise; if, notwithstanding the foregoing, any such claim is found by a court of competent jurisdiction to have arisen, I shall be deemed irrevocably to have waive any entitlement to pursue such claim; and
(i)    in the event of termination of my employment (whether or not in breach of local labor laws), my right to vest in the Restricted Units under the Plan, if any, will terminate effective as of the date that I am no longer actively providing services and will not be extended by any notice period mandated under local law (e.g., active service would not include a period of “garden leave” or similar period pursuant to local law); the Management Committee shall have the exclusive discretion to determine when I am no longer actively providing services for purposes of the Restricted Units.
14.    Data Privacy and Data Protection.  (a)  I hereby explicitly and unambiguously consent to the collection, use, processing and transfer, in electronic or other form, of my personal data as described 

in this Agreement and any other award materials by and among, as applicable, my employer, the Company, and its subsidiaries and affiliates for the exclusive purpose of implementing, administering and managing my participation in the Plan.
(b)    I understand that the Company and my employer may hold certain personal data about me, including but not limited to, my name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any Ordinary Shares  or directorships held in the Company, details of all awards or any other entitlement to Ordinary Shares  granted, canceled, exercised, vested, unvested or outstanding in my favor, for the exclusive purpose of implementing, administering and managing the Plan (“Data”). 
(c)    I understand that Data will be transferred to any third parties assisting the Company with the implementation, administration and management of the Plan, including Fidelity Stock Plan Services, and I consent to such transfer.  I understand that the recipients of the Data may be located in the United States or elsewhere, and that the recipients’ country (e.g., the United States) may have different data privacy laws and protections than my country, and I consent to such circumstances.  I understand that I may request a list with the names and addresses of any potential recipients of the Data by contacting my local human resources representative.  I authorize the Company and any other possible recipients which may assist the Company (presently or in the future) with implementing, administering and managing the Plan to receive, possess, use, retain and transfer the Data, in electronic or other form, for the sole purpose of implementing, administering and managing my participation in the Plan.  I understand that Data will be held only as long as is necessary to implement, administer and manage my participation in the Plan.  I understand that I may, at any time, view Data, request additional information about the storage and processing of Data, require any necessary amendments to Data or refuse or withdraw the consents herein, in any case without cost, by contacting in writing my local human resources representative.  I understand, however, that refusing or withdrawing my consent may affect my ability to participate in the Plan.  For more information on the consequences of my refusal to consent or withdrawal of consent, I understand that I may contact my local human resources representative.
15.    Non-U.S. Addendum.  Notwithstanding any provisions in this Agreement, the Restricted Units shall be subject to the special terms and conditions set forth in the addendum attached hereto as Appendix A to this Agreement (the “Non-U.S. Addendum”) for my country.  Moreover, if I relocate to one of the countries included in the Non-U.S. Addendum, the special terms and conditions for such country will apply to me, to the extent the Company determines that the application of such terms and conditions is necessary or advisable in order to comply with local law or facilitate the administration of the Plan.  The Non-U.S. Addendum constitutes part of this Agreement.
16.    Miscellaneous.  Unless otherwise expressly provided herein, terms defined in the Plan shall have the same meanings when used in this Agreement.  The Management Committee shall have the right at any time in its sole discretion to amend, alter, suspend, discontinue or terminate any Restricted Units without my consent.  Also, the Restricted Units shall be null and void to the extent the grant of Restricted Units or the lapse of restrictions thereon is prohibited under the laws of the country of my residence or employment.  The Management Committee may, in circumstances determined in its sole discretion, provide for the lapse of the above restrictions at earlier dates.  The use of the masculine gender shall be deemed to include the feminine gender.  In the event of a conflict between this Agreement and the Plan, the Plan shall control.  This Agreement represents the entire understanding between us on the subject hereof and shall be governed in accordance with Ohio law, without giving effect to conflict of law principles.

Appendix A

Non-U.S. Addendum

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