Document:

Exhibit

Exhibit 10.2

LAM RESEARCH CORPORATION  
2015 Stock Incentive Plan
Market-Based Performance Restricted Stock Unit Award Agreement
(International Participants)

Pursuant to the terms of the 2015 Stock Incentive Plan (the “Plan”) Lam Research Corporation, a Delaware corporation (the “Company”), hereby awards market-based performance restricted stock units (“mPRSUs”) to the Grantee (the “Participant”) on the terms and conditions as set forth in this Market-Based Performance Restricted Stock Unit Award Agreement (including the attached Exhibit A) (the “Agreement”) and the Plan.  Capitalized terms used but not defined in this Agreement shall have the meaning specified in the Plan.  This Agreement is effective as of the Grant Date.
NOW, THEREFORE, it is hereby agreed as follows:
1.Award of mPRSUs.  Subject to the terms and conditions of this Agreement and the Plan (the terms of which are incorporated herein by reference) and effective as of the date set forth above, the Company hereby grants to the Participant a Target Number of mPRSUs as set forth in Exhibit A.  Subject to the Company’s attainment of the relative performance set forth in the attached Exhibit A (the “Performance Criteria”), the Participant may vest in the mPRSUs in a designated Payout Range as set forth in Exhibit A.  The mPRSUs represent an unfunded, unsecured promise by the Company to deliver Shares subject to the terms and conditions of this Agreement.  
2.    Vesting.  
(a)     Subject to the terms and conditions of this Agreement, the mPRSUs shall vest and become payable in Shares on the Performance Vesting Date set forth in the attached Exhibit A.  The number of mPRSUs that vest shall be determined by the Company’s performance under the Vesting Formula during the Performance Period, as set forth in the attached Exhibit A.  Except as otherwise provided herein, the Participant’s right to receive Shares subject to the mPRSUs is contingent upon the Participant continuing to provide Service (as defined in Section 3 below) to the Company (or any Related Entity) through the Performance Vesting Date.
(b)    Notwithstanding the provisions above, in the event of a Corporate Transaction prior to the end of the Performance Period in Section 2(a), a portion of the mPRSUs shall convert into a cash award (the “Cash Award”).  The number of mPRSUs that convert into a Cash Award shall be the sum of the “performance pro rata” number of Shares and the “target pro rata” number of Shares.  This sum shall be multiplied by the closing price of the Company’s common stock as of the closing date of the Corporate Transaction to determine the dollar amount of the Cash Award.  The Cash Award will vest on the Performance Vesting Date, contingent upon the Participant continuing to provide Service (as defined in Section 3 below) to the Company (or any Affiliate) through the Performance Vesting Date.  Any remaining portion of the mPRSUs that are not converted into a Cash Award shall be cancelled.

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2015 Stock Incentive Plan Market-Based Performance Restricted Stock Unit Award Agreement for International Participants

(i)    Performance Pro Rata.  The Target Number of mPRSUs (as set forth in the attached Exhibit A) shall be multiplied by the total number of days from the first day of the Performance Period until the closing date of the Change in Control divided by the number of days in the Performance Period (“Elapsed Target Shares”).  The Company’s performance under the Vesting Formula (as set forth in the attached Exhibit A) from the first day of the Performance Period until the closing date of the Corporate Transaction shall be applied to the Elapsed Target Shares to determine the “performance pro rata” number of Shares.
(ii)    Target Pro Rata.  The Target Number of mPRSUs (as set forth in the attached Exhibit A) shall be multiplied by the total number of days from the day following the closing date of the Corporate Transaction until the last day of the Performance Period divided by the number of days in the Performance Period to determine the “target pro rata” number of Shares.
3.    Effect of Termination of Service or Leave of Absence.
(a)    For purposes of this Agreement, “Service” shall mean the performance of services for the Company (or any Related Entity) in the capacity of an Employee and shall be considered terminated on the last day the Participant is on payroll.  In the event of termination of the Participant’s Service by the Participant or by the Company or a Related Entity for any reason, excluding Participant’s death or Disability before the mPRSUs have vested, the unvested mPRSUs shall be cancelled by the Company (subject to the terms of any applicable Employment or Change in Control Agreement).  
(b)    In the event of termination of the Participant’s Service due to death, a portion of the mPRSUs granted to the Participant shall vest on the date of death.  To determine the applicable number of Shares, the Target Number of mPRSUs (as set forth in the attached Exhibit A) shall be multiplied by the total number of days from the first day of the Performance Period until the date of death, divided by the number of days in the Performance Period to determine the “death pro rata” target number of Shares.  The Company’s performance under the Vesting Formula (as set forth in the attached Exhibit A) from the first day of the Performance Period until the date of death shall be applied to the greater of: (i) the “death pro rata” target number of Shares or (ii) 50% of the original Target Number of mPRSUs (as set forth in the attached Exhibit A), to determine the number of Shares which shall vest on the date of death (the “Death Vesting Date”).  Any remaining unvested portion of the mPRSUs shall be cancelled.
(c)    In the event of termination of the Participant’s Service due to Disability, a portion of the mPRSUs granted to the Participant shall vest on the date the Disability is incurred.  To determine the applicable number of Shares, the Target Number of mPRSUs (as set forth in the attached Exhibit A) shall be multiplied by the total number of days from the first day of the Performance Period until the date the Disability is incurred, divided by the number of days in the Performance Period to determine the “disability pro rata” target number of Shares.  The Company’s performance under the Vesting Formula (as set forth in the attached Exhibit A) from the first day of the Performance Period until the date the Disability is incurred shall be applied to the greater of: (i) the “disability pro rata” target number of Shares or (ii) 50% of the original Target Number of mPRSUs (as set forth in the attached Exhibit A) to determine the number of Shares which shall vest on the date the Disability is incurred (the “Disability Vesting Date”, and 

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2015 Stock Incentive Plan Market-Based Performance Restricted Stock Unit Award Agreement for International Participants

collectively with “Performance Vesting Date”, and the “Death Vesting Date”, the “Vesting Date”).  Any remaining unvested portion of the mPRSUs shall be cancelled.
(d)    Vesting of the mPRSUs will be suspended and vesting credit will no longer accrue as of the day of the Leave of Absence as set forth in Exhibit A, unless otherwise determined by the Administrator or required by contract, statute or applicable local law.  If the Participant returns to Service immediately after the end of an approved Leave of Absence, vesting credit shall continue to accrue from that date of continued Service.
   
4.    Form and Timing of Payment.  
(a)    Subject to Section 5 of this Agreement and provided that the Participant has satisfied the vesting requirements of Section 2 or 3 of this Agreement, on each Vesting Date, as applicable, the mPRSUs shall automatically be converted into unrestricted Shares.  Such Shares will be issued to the Participant (as evidenced by the appropriate entry in the books of the Company or a duly authorized transfer agent of the Company) on the applicable Vesting Date (or as soon as practicable), but in any event, within the period ending on the later to occur of the date that is 2 1⁄2 months after the end of (i) the Participant’s tax year that includes the applicable Vesting Date, or (ii) the Company’s tax year that includes the applicable Vesting Date.  
(b)    Shares issued in respect of mPRSUs shall be deemed to be issued in consideration of past services actually rendered by the Participant to the Company or a Related Entity or for its benefit for which the Participant has not previously been compensated or for future services to be rendered, as the case may be, which the Company deems to have a value at least equal to the aggregate par value of the Shares subject to the mPRSUs.
5.Tax Withholding Obligations.  Regardless of any action the Company or the Participant’s employer (the “Employer”) takes with respect to any or all income tax (including federal, state and local taxes), social insurance, payroll tax, payment on account or other tax-related withholding (“Tax-Related Items”), the Participant acknowledges that the ultimate liability for all Tax-Related Items legally due by the Participant is and remains the Participant’s responsibility and that the Company and/or the Employer (i) make no representations or undertakings regarding the treatment of any Tax-Related Items in connection with any aspect of the mPRSUs, including the grant of the mPRSUs, the vesting of the mPRSUs, or the receipt of an equivalent cash payment, the subsequent sale of any Shares acquired at vesting and the receipt of any dividends; and (ii) do not commit to structure the terms of the grant or any aspect of the mPRSUs to reduce or eliminate the Participant’s liability for Tax-Related Items or achieve any particular tax result.

Prior to the issuance of Shares upon vesting of the mPRSUs (or any other tax or withholding event), the Participant shall pay, or make arrangements satisfactory to the Company (in the Company’s sole discretion) to satisfy all withholding (and payment on account, where applicable) obligations.  In those cases where a prior arrangement has not been made (or where the amount of money provided under the prior arrangement is insufficient to satisfy the obligations for Tax-Related Items), the Company shall withhold a number of whole Shares otherwise deliverable at vesting having a Fair Market Value sufficient to satisfy the statutory 

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2015 Stock Incentive Plan Market-Based Performance Restricted Stock Unit Award Agreement for International Participants

minimum (or such higher amount as is allowable without adverse accounting consequences) of the Participant’s estimated obligations for Tax-Related Items applicable to the mPRSUs; such withholding will result in the issuance to the participant of a lower number of Shares.  
The Company and/or the Employer may also, in lieu of or in addition to the foregoing, at the Company’s sole discretion as authorized herein by the Participant, withhold all applicable Tax-Related Items legally payable by the Participant from the Participant’s wages or other cash compensation or to withhold in one of the following ways, as determined by the Company: (i) require the Participant to deposit with the Company an amount of cash sufficient to meet his or her obligation for Tax-Related Items, and/or (ii) sell or arrange for the sale of Shares to be issued on the vesting of the mPRSUs to satisfy the withholding (or payment on account, when applicable) obligation.  If the Participant’s obligation for Tax-Related Items is satisfied as described in (ii) of this section, the Company will endeavor to sell only the number of Shares required to satisfy the Participant’s obligations for Tax-Related Items; however, the Participant agrees that the Company may sell more Shares than necessary to cover the Tax-Related Items and that in such event, the Company will reimburse the Participant for the excess amount withheld, in cash and without interest.  The Participant shall pay to the Employer any amount of Tax-Related Items that the Employer may be required to withhold as a result of the Participant’s receipt of the mPRSUs, the vesting of the mPRSUs that cannot be satisfied by the means previously described.  The Company may refuse to deliver Shares to the Participant if the Participant fails to comply with his or her obligation in connection with the Tax-Related Items as described herein.  The Participant hereby consents to any action reasonably taken by the Company and/or the Employer to meet his or her obligation for Tax-Related Items.  
Further, in consideration of the grant of the mPRSUs, no claim or entitlement to compensation or damages arises if, in satisfying the Participant’s (and/or the Employer’s) obligation for Tax-Related Items, the Company and/or the Employer withholds an amount in excess of the amount legally required to be withheld, the Participant irrevocably releases the Company and the 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, then, by signing this Agreement, the Participant shall be deemed irrevocably to have waived his or her entitlement to pursue such claim or damages.
6.Restriction on Transferability.  Prior to vesting and delivery of the Shares, neither the mPRSUs, nor the Shares or any beneficial interest therein, may be sold, transferred, pledged, assigned, or otherwise alienated at any time.  Any attempt to do so contrary to the provisions hereof shall be null and void.  Notwithstanding the above, distribution can be made pursuant to will, the laws of descent and distribution, and if provided by the Administrator, intra-family transfer instruments, or to an inter vivos trust, or as otherwise provided by the Administrator.  The terms of this Agreement shall be binding upon the executors, administrators, heirs, successors and assigns of the Participant.
7.Requirements of Law.  The issuance of Shares upon vesting of the mPRSUs is subject to Sections 9 and 14(b) of the Plan, which generally provides that any such issuance shall be subject to compliance by the Company and the Participant with all applicable requirements of 

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2015 Stock Incentive Plan Market-Based Performance Restricted Stock Unit Award Agreement for International Participants

law relating thereto and with all applicable regulations of any stock exchange on which the Shares may be listed for trading at the time of such issuance.  The inability of the Company to obtain approval from any regulatory body having authority deemed by the Company to be necessary to the lawful issuance of any Shares hereby shall relieve the Company of any liability with respect to the non-issuance of the Shares as to which such approval shall not have been obtained.  The Company, however, shall use its reasonable efforts to obtain all such approvals.
8.Rights as Stockholder.  The Participant shall not have voting, dividend or any other rights as a stockholder of the Company with respect to the mPRSUs. Upon settlement of the Participant’s mPRSUs into Shares (as evidenced by the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), the Participant will obtain full voting, dividend and other rights as a stockholder of the Company.
9.No Compensation Deferrals.  Neither the Plan nor this Agreement is intended to provide for an elective deferral of compensation that would be subject to Section 409A (“Section 409A”) of the Internal Revenue Code of 1986, as amended (the “Code”).  If, notwithstanding the parties’ intent in this regard, at the time of the Participant’s termination of Service, he or she is determined to be a “specified employee” as defined in Code Section 409A, and one or more of the payments or benefits received or to be received by the Participant pursuant to the mPRSUs would constitute deferred compensation subject to Code Section 409A, no such payment or benefit will be provided under the mPRSUs until the earliest of (A) the date which is six (6) months after the Participant’s “separation from service” for any reason, other than death or “disability” (as such terms are used in Section 409A(a)(2) of the Code), (B) the date of the Participant’s death or “disability” (as such term is used in Section 409A(a)(2)(C) of the Code), or (C) the effective date of a “change in the ownership or effective control” or a “change in ownership of a substantial portion of the assets” of the Company (as such terms are used in Section 409A(a)(2)(A)(v) of the Code). The provisions of this Section 9 shall only apply to the extent required to avoid the Participant’s incurrence of any additional tax or interest under Code Section 409A or any regulations or U.S. Department of the Treasury (“Treasury”) guidance promulgated thereunder.  In addition, if any provision of the mPRSUs would cause the Participant to incur any additional tax or interest under Code Section 409A or any regulations or Treasury guidance promulgated thereunder, the Company reserves the right, to the extent the Company deems necessary or advisable in its sole discretion, to unilaterally amend or modify the Plan and/or this Agreement to conform it to the maximum extent practicable to the original intent of the applicable provision without violating the provisions of Code Section 409A, including without limitation to limit payment or distribution of any amount of benefit hereunder in connection with a Corporate Transaction to a transaction meeting the definitions referred to in clause (C) above, or in connection with any disability to a “disability” as referred to in (B) above; provided however that the Company makes no representation that these Performance Restricted Stock Units are not subject to Section 409A nor makes any undertaking to preclude Section 409A from applying to these mPRSUs.  In addition, to the extent the Company determines it appropriate to accelerate any vesting conditions applicable to this award, then to the extent necessary to avoid the Participant’s incurring any additional tax or interest as a result of such vesting acceleration under Code Section 409A or any regulations or Treasury guidance promulgated thereunder, and notwithstanding Section 4 above, the Company may as a condition 

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2015 Stock Incentive Plan Market-Based Performance Restricted Stock Unit Award Agreement for International Participants

to extending such acceleration benefits provide for the Shares to be issued upon settlement of the mPRSUs to be issued on the earliest date (the “Permitted Distribution Date”) that would obviate application of such additional tax or interest rather than issuing them upon the date on which such vesting is effective as would otherwise be required under Section 2 (or as soon as practicable after such Permitted Distribution Date and in no event later than that last day of the grace period following such date permitted under Code Section 409A).  
10.Administration.  The Administrator shall have the power to interpret the Plan and this Agreement and to adopt such rules for the administration, interpretation, and application of the Plan as are consistent therewith and to interpret or revoke any such rules.  All actions taken and all interpretations and determinations made by the Administrator shall be final and binding upon the Participant, the Company, and all other interested persons.  No Administrator shall be personally liable for any action, determination, or interpretation made in good faith with respect to the Plan or this Agreement.
11.Effect on Other Employee Benefit Plans.  The value of the mPRSUs granted pursuant to this Agreement shall not be included as compensation, earnings, salaries, or other similar terms used when calculating the Participant’s benefits under any employee benefit plan sponsored by the Company or any Related Entity, except as such plan otherwise expressly provides.  The Company expressly reserves its rights to amend, modify, or terminate any of the Company’s or any Related Entity’s employee benefit plans.
12.No Employment Rights.  The award of the mPRSUs pursuant to this Agreement shall not give the Participant any right to continued Service with the Company or a Related Entity and shall not interfere with the ability of the Employer to terminate the Participant’s Service with the Company at any time with or without cause. 
13.Nature of the Grant.  In accepting the mPRSUs, the Participant acknowledges that: 
(a)the Plan is established voluntarily by the Company, it is discretionary in nature and may be modified, amended, suspended or terminated by the Company at any time, unless otherwise provided in the Plan and this Agreement; 
(b)the grant of mPRSUs is voluntary and occasional and does not create any contractual or other right to receive future awards of mPRSUs, or benefits in lieu of mPRSUs even if mPRSUs have been awarded repeatedly in the past; 
(c)all decisions with respect to future grants of mPRSUs, if any, will be at the sole discretion of the Company; 
(d)the Participant’s participation in the Plan is voluntary; 
(e)the mPRSUs are outside the scope of the Participant’s employment contract, if any; 

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2015 Stock Incentive Plan Market-Based Performance Restricted Stock Unit Award Agreement for International Participants

(f)the mPRSUs are not part of normal or expected compensation or salary for any purpose, including, but not limited to, calculation of any overtime, severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments;
(g)in the event that the Participant is not an employee of the Company, the grant of the mPRSUs will not be interpreted to form an employment contract or relationship with the Company; and furthermore, the grant of the mPRSUs will not be interpreted to form an employment contract with the Employer or any Related Entity; 
(h)the future value of the underlying Shares is unknown and cannot be predicted with certainty; 
(i)if the Participant receives Shares upon vesting of the mPRSUs, the value of such Shares may increase or decrease in value; 
(j)in consideration of the grant of the mPRSUs, no claim or entitlement to compensation or damages arises from termination of the mPRSUs or diminution in value of the mPRSUs or Shares received upon vesting of mPRSUs resulting from termination of the Participant’s Service to the Company or the Employer (for any reason whatsoever and whether or not in breach of local labor laws) and the Participant irrevocably releases the Company and the 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, then, by signing this Agreement, the Participant shall be deemed irrevocably to have waived his or her entitlement to pursue such claim. 
14.Data Privacy Notice and Consent.   The Participant hereby explicitly and unambiguously consents to the collection, use and transfer, in electronic or other form, of his or her personal data as described in this Agreement by and among, as applicable, the Employer, the Company and its Related Entities for the exclusive purpose of implementing, administering and managing the Participant’s participation in the Plan.

The Participant understands that the Company and the Employer may hold certain personal information about the Participant, including, but not limited to, the Participant’s name, home address and telephone number, date of birth, social insurance number or other identification number, salary, nationality, job title, any shares of stock or directorships held in the Company, details of all mPRSUs or any other entitlement to shares awarded, canceled, vested, unvested or outstanding in the Participant’s favor, for the purpose of implementing, administering and managing the Plan (“Data”).  
The Participant understands that Data may be transferred to any third parties assisting in the implementation, administration and management of the Plan, that these recipients may be located in the Participant’s country, or elsewhere, and that the recipient’s country may have different data privacy laws and protections than the Participant’s country.  The Participant understands that the Participant may request a list with the names and addresses of any potential recipients of the Data by contacting his or her local human resources representative.  The 

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2015 Stock Incentive Plan Market-Based Performance Restricted Stock Unit Award Agreement for International Participants

Participant authorizes the recipients to receive, possess, use, retain and transfer the Data, in electronic or other form, for the purposes of implementing, administering and managing his or her participation in the Plan, including any requisite transfer of such Data as may be required to a broker, escrow agent or other third party with whom the shares received upon vesting of the mPRSUs may be deposited.  The Participant understands that Data will be held only as long as is necessary to implement, administer and manage his or her participation in the Plan.  The Participant understands that he or she 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 his or her local human resources representative.  The Participant understands, however,  that refusal or withdrawal of consent may affect his or her ability to participate in the Plan.  For more information on the consequences of his or her refusal to consent or withdrawal of consent, the Participant understands that he or she may contact his or her local human resources representative.
15.Amendment of Agreement.  This Agreement may be amended only by a writing which specifically states that it amends this Agreement.  Notwithstanding the foregoing, this Agreement may be amended unilaterally by the Committee by a writing which specifically states that it is amending this Agreement, so long as a copy of such amendment is delivered to the Participant, and provided that no such amendment adversely affects the rights of the Participant.  Limiting the foregoing, the Committee reserves the right to change, by written notice to the Participant, the provisions of the mPRSUs or this Agreement in any way it may deem necessary or advisable to carry out the purpose of the grant as a result of any change in applicable laws or regulations or any future law, regulation, ruling, or judicial decision, or, to the extent permissible under the Plan (including, but not limited to, Sections 10, 11 and 13 of the Plan).  
16.Notices.  Any notice to be given under the terms of this Agreement to the Company shall be addressed to the Company in care of its Stock Administrator.  Any notice to be given to the Participant shall be addressed to the Participant at the address listed in the Employer’s records.  By a notice given pursuant to this Section, either party may designate a different address for notices.  Any notice shall have been deemed given when actually delivered.
17.Severability.  The provisions of this Agreement are severable and if all or any part of this Agreement or the Plan is declared by any court or governmental authority to be unlawful or invalid, such unlawfulness or invalidity shall not invalidate any portion of this Agreement or the Plan not declared to be unlawful or invalid.  Any Section of this Agreement (or part of such a Section) so declared to be unlawful or invalid shall, if possible, be construed in a manner which will give effect to the terms of such Section or part of a Section to the fullest extent possible while remaining lawful and valid.
18.Construction.  The mPRSUs are being issued pursuant to the Plan and are subject to the terms of the Plan. A copy of the Plan is available upon request during normal business hours at the principal executive offices of the Company.  To the extent that any provision of this Agreement violates or is inconsistent with a provision of the Plan, the Plan provision shall govern and any inconsistent provision in this Agreement shall be of no force or effect.

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2015 Stock Incentive Plan Market-Based Performance Restricted Stock Unit Award Agreement for International Participants

19.Electronic Delivery.  The Company may, in its sole discretion, decide to deliver any documents related to the mPRSUs granted under the Plan and participation in the Plan or future mPRSUs that may be granted under the Plan by electronic means or to request the Participant’s consent to participate in the Plan by electronic means.  The Participant hereby consents to receive such documents by electronic delivery and, if requested, to agree to participate in the Plan through an on-line or electronic system established and maintained by the Company or another third party designated by the Company.  
20.Entire Agreement.  The Plan is incorporated herein by reference.  The Plan and this Agreement constitute the entire agreement of the Company and the Participant with respect to the subject matter hereof and supersede in their entirety all prior undertakings and agreements of the Company and the Participant with respect to the subject matter hereof.
21.Language.  If the Participant has received this Agreement or any other document related to the Plan translated into a language other than English and if the translated version is different than the English version, the English version will control.
22.Miscellaneous.
(a)    The Company has established the Plan voluntarily, it is discretionary in nature and the Board may terminate, amend, or modify the Plan at any time; provided, however, that no such termination, amendment, or modification of the Plan may in any way adversely affect the Participant’s rights under this Agreement, without the Participant’s written approval unless such termination, amendment, or modification of the Plan is necessary in order to comply with any change in applicable laws or regulations or any future law, regulation, ruling, or judicial decision or as otherwise permissible under the Plan (including, but not limited to, Sections 10, 11 and 13 of the Plan).
(b)    All obligations of the Company under the Plan and this Agreement in a Corporate Transaction shall be governed by the Plan and this Agreement, other than as set forth in Section 3(a) above.

(c)    To the extent not preempted by United States federal law, this Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware, without regard to its principles of conflict of laws.
23.Country Specific Terms.  Appendix A contains additional terms and conditions of the Agreement applicable to Participants residing in those countries.  In addition, Appendix A also contains information and notices of exchange control and certain other issues of which the Participant should be aware.
24.Acceptance of Terms and Conditions.  By accepting the terms and conditions of this Agreement, the Participant agrees to abide by all of the governing terms and provisions of the Plan and this Agreement.  Additionally, the Participant acknowledges having read and understood the terms and conditions of the Plan and this Agreement and has had an opportunity to obtain the advice of counsel prior to accepting this Agreement.  The Participant must 

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2015 Stock Incentive Plan Market-Based Performance Restricted Stock Unit Award Agreement for International Participants

acknowledge his or her agreement to abide by the terms and conditions of the Plan and Agreement by executing this Agreement electronically or, if otherwise instructed by the Company, by printing and signing a paper copy of this Agreement and returning it to the appropriate Company representative.  In addition, the transfer or sale of the shares obtained at vesting by the Participant shall be considered an additional acknowledgment of the terms and conditions contained in the Plan and Agreement.  

*    *    *   *   *

	
		
	PARTICIPANT SIGNATURE
	[Electronic Signature]

	PRINTED NAME
	[Participant Name]

	DATE   
	[Acceptance Date]

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2015 Stock Incentive Plan Market-Based Performance Restricted Stock Unit Award Agreement for International Participants

APPENDIX A
TERMS AND CONDITIONS
This Appendix A, which is part of the Agreement, contains additional terms and conditions of the Agreement that will apply to the Participant if he or she resides in one of the countries listed below.  Capitalized terms used but not defined herein shall have the same meanings assigned to them in the Plan and/or the Agreement. 
NOTIFICATIONS
This Appendix A also includes information regarding exchange control and certain other issues of which the Participant should be aware with respect to his or her participation in the Plan.  The information is based on the securities, exchange control and other laws in effect in the respective countries as of November 2015.  Such laws are often complex and change frequently.  The Company therefore strongly recommends that the Participant not rely on the information as the only source of information relating to the consequences of his or her participation in the Plan because such information may be outdated when the Participant vests in the mPRSUs and/or sells any Shares acquired pursuant to the mPRSUs.
AUSTRIA
Exchange Control Information.  If the Participant holds Shares acquired under the Plan outside of Austria, the Participant must submit a report to the Austrian National Bank.  An exemption applies if the value of the Shares as of any given quarter does not exceed €30,000,000 or as of December 31 does not exceed €5,000,000.  If the former threshold is exceeded, quarterly obligations are imposed; whereas, if the latter threshold is exceeded, annual reports must be provided.  The annual reporting date is December 31 and the deadline for filing the annual report is March 31 of the following year.
When the Participant sells Shares acquired under the Plan, there may be exchange control obligations if the cash proceeds are held outside of Austria.  If the transaction volume of all accounts abroad exceeds €3,000,000 the movements and balances of all accounts must be reported monthly, as of the last day of the month, on or before the fifteenth day of the following month.
BELGIUM
Tax Reporting Information.  You are required to report any bank accounts opened and maintained outside Belgium on your annual tax return.  As a Belgian tax resident, Participant is required to inform the Central Point of Contact (CPC) of the National Bank of Belgium of overseas income (which includes any Shares received in connection with participation in the Plan) by registering any foreign accounts with the CPC before filing Participant’s annual tax return with the Belgian tax authorities.  If Participant has previously reported overseas income, Participant will receive a letter from the tax authorities about this requirement and will have two 

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2015 Stock Incentive Plan Market-Based Performance Restricted Stock Unit Award Agreement for International Participants

months from the receipt of such letter to report the accounts to the CPC.  If Participant has not previously reported overseas income, Participant will not receive a letter and must proactively report the required information to the CPC. 

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2015 Stock Incentive Plan Market-Based Performance Restricted Stock Unit Award Agreement for International Participants

CHINA (PRC)
Exchange Control Restrictions.  The Participant agrees to comply with any requirements that may be imposed by the Company in the future in order to facilitate compliance with exchange control requirements in China.  These requirements may include, but are not limited to, immediate repatriation to China of the sale proceeds, an immediate sale of the mPRSUs at vesting, and/or repatriation of the cash proceeds through a special exchange control account.  
FRANCE
Exchange Control Information. If the Participant imports or exports cash (e.g., sales proceeds received under the Plan) with a value equal to or exceeding €10,000 and does not use a financial institution to do so, he or she must submit a report to the customs and excise authorities. If the Participant maintains a foreign bank account, he or she is required to report such account to the French tax authorities when filing his or her annual tax return. 
GERMANY
Exchange Control Information. Cross-border payments in excess of €12,500 must be reported monthly to the German Federal Bank. If the Participant uses a German bank to transfer a cross-border payment in excess of €12,500 under the Plan, the bank will make the report for the Participant.  In addition, the Participant must report any receivables or payables or debts in foreign currency exceeding an amount of €5,000,000 on a monthly basis. 
IRELAND
Director Notification Requirement. If the Participant is a director, shadow director or secretary of an Irish Subsidiary or Related Entity of the Company who owns more than a 1% interest in the Company, pursuant to Section 53 of the Irish Company Act 1990, he or she must notify the Irish Subsidiary or Related Entity of the Company in writing within five (5) business days of receiving or disposing of an interest in the Company (e.g., mPRSUs, Shares, etc.), or within five (5) business days of becoming aware of the event giving rise to the notification requirement, or within five (5) days of becoming a director, shadow director or secretary if such an interest exists at that time. This notification requirement also applies with respect to the interests of a spouse or minor child, whose interests will be attributed to the director, shadow director or secretary. 
ISRAEL 
No additional provisions apply.
ITALY
Plan Document Acknowledgment.  By accepting the terms and conditions of the mPRSUs, the Participant acknowledges that he or she has received a copy of the Plan and the Agreement and 

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2015 Stock Incentive Plan Market-Based Performance Restricted Stock Unit Award Agreement for International Participants

has reviewed the Plan and the Agreement, including this Appendix A, in their entirety and fully understands and accepts all provisions of the Plan and the Agreement.
Data Privacy.  In addition to the data privacy provision that is set forth in the Agreement, the Participant also consents to the following additional data privacy-related terms:
I am aware that providing the Company and my Employer with Data is necessary for participation in the Plan and that my refusal to provide such Data may affect my ability to participate in the Plan.  The Controller of personal data processing is the Company with registered offices at 4650 Cushing Parkway, Fremont, California, 94538, United States and, pursuant to D.lgs 196/2003, its representatives in Italy are Lam Research S.r.l., with registered offices in Centro Direzionale Colleoni, Palazzo Sirio 3-Ing, 20041 Agrate Brianza-MI, Italy.
I understand that I may at any time exercise the rights acknowledged by Section 7 of Legislative Decree June 30, 2003 n.196, including, but not limited to, the right to access, delete, update, request the rectification of my Data and cease, for legitimate reasons, the data processing.  Furthermore, I am aware that my Data will not be used for direct marketing purposes.
Exchange Control Information.  By September 30th of each year, Participants are required to report on their annual tax return (Form RW) any foreign investments (including proceeds from the sale of Shares) held outside of Italy if the investment may give rise to income in Italy.  However, deposits and bank accounts held outside of Italy only need to be disclosed if the value of the assets exceeds €10,000 during any part of the tax year.  
With respect to Shares received, the Participants must report (i) the value of the Shares at the beginning of the year or on the day the Participant acquired the Shares, whichever is later; and (ii) the value of the Shares when sold, or if the Participant still owns the Shares at the end of the year, the value of the Shares at the end of the year.  The value to be reported is the fair market value of the Shares on the applicable dates mentioned above.  
JAPAN
Exchange Control Information.  If the Participant acquired Shares valued at more than ¥100,000,000 in a single transaction, the Participant must file a Securities Acquisition Report with the Ministry of Finance through the Bank of Japan within 20 days of the purchase of Shares. In addition, Japanese permanent residents will be required to report, by March 15 of each year, overseas assets that exceed ¥50,000,000 (approximately US$500,000) at year end.
KOREA
Exchange Control Information.  If the Participant receives US$500,000 or more from the sale of Shares, Korean exchange control laws require the Participant to repatriate the proceeds to Korea within 36 months of the sale.

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2015 Stock Incentive Plan Market-Based Performance Restricted Stock Unit Award Agreement for International Participants

MALAYSIA
Director Notification Requirement.  If the Participant is a Director of the local Subsidiary, he or she must notify the local Subsidiary of the grant and also provide notice of any change in his or her interest in the mPRSUs (e.g. vesting or the sale of Shares).
Exchange Control Information.  Because exchange control regulations change frequently and without notice, you should consult your legal advisor before selling shares to ensure compliance with current regulations.  It is Participant’s responsibility to comply with exchange control laws in Malaysia, and neither the Company nor your employer will be liable for any fines or penalties resulting from a failure to comply with applicable laws.  For purposes of compiling balance of payment statistics on the inflow and outflow of funds from Malaysia, the Bank Negara Malaysia must be notified of any remittance of funds between residents and non-residents of an amount equal to RM200,001 or greater from Malaysia.  
NETHERLANDS
Insider-Trading Notification.  The Participant should be aware of the Dutch insider-trading rules, which may impact the sale of Shares acquired at vesting of the mPRSUs.  In particular, the Participant may be prohibited from effectuating certain transactions involving Shares if the Participant has inside information about the Company.  If the Participant is uncertain whether the insider-trading rules apply to him or her, the Participant should consult his or her personal legal advisor.  By accepting the Agreement and participating in the Plan, the Participant acknowledges having read and understood this notification and acknowledges that it is the Participant’s responsibility to comply with the following Dutch insider-trading rules.
SINGAPORE
Director Notification Obligation.  Directors of a Singapore Subsidiary or Affiliate are subject to certain notification requirements under the Singapore Companies Act.  Directors must notify the Singapore Subsidiary or Affiliate in writing of an interest (e.g., Shares, etc.) in the Company or any related companies within two (2) days of (i) its acquisition or disposal, (ii) any change in a previously disclosed interest (e.g., when the Shares are sold), or (iii) becoming a director.
Securities Law Information. The grant is being made on a private basis and is, therefore, exempt from registration in Singapore.
SLOVAKIA
Exchange Control Information.  It is the Participant’s obligation to comply with exchange control requirements in the Slovakia Republic, including any notification requirements applicable to opening or maintaining any foreign bank or brokerage accounts.
SLOVENIA
No additional provisions apply.

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2015 Stock Incentive Plan Market-Based Performance Restricted Stock Unit Award Agreement for International Participants

SWITZERLAND
Securities Law Information.  The offer of the mPRSUs is considered a private offering in Switzerland and is therefore not subject to securities registration in Switzerland.
TAIWAN
Exchange Control Information.  The Participant may acquire and remit foreign currency (including funds for the purchase of Shares and proceeds from the sale of Shares) up to US$5,000,000 per year without prior approval.
If the transaction amount is NTD500,000 or more in a single transaction, the Participant must submit a Foreign Exchange Transaction Form.  If the transaction amount is US$500,000 or more in a single transaction, the Participant must also provide supporting documentation to the satisfaction of the remitting bank.
UNITED KINGDOM
Securities Requirement.  Due to legal requirements, all mPRSUs at the time of vesting will be settled in Shares.

Page 16

LAM RESEARCH CORPORATION
2015 Stock Incentive Plan 
Market-Based Performance Restricted Stock Unit Award Agreement
EXHIBIT A
([___________] Vesting)

Participant (Name & Employee Number): 

Grant Date: 

Target Number of mPRSUs: 

Performance Vesting Date: 

Payout Range: 0% to 150% of Target Number of mPRSUs

Performance Period:                         to                                 .

Performance Criteria:

		
	•
	Index 

PHLX Semiconductor Sector Index, a global index traded on the NASDAQ OMX PHLX with a trading symbol of “SOX”

		
	•
	Vesting Formula

Target Number of mPRSUs x (100% + ((LRCX TSR % – Index TSR %) x 2)) = mPRSUs vested (subject to the maximum in the Payout Range)

		
	◦
	Target Number of mPRSUs is vested if the LRCX TSR % equals the Index TSR %

		
	◦
	Number of mPRSUs vested increases by 2% of target for each 1% that the LRCX TSR % exceeds the Index TSR %

		
	◦
	Number of mPRSUs vested decreases by 2% of target for each 1% that the LRCX TSR % trails the Index TSR %

		
	◦
	The result of the Vesting Formula is rounded down to the nearest whole number

		
	•
	LRCX TSR %

(LRCX 50-trading day average closing price as of the last trading day of the Performance Period – LRCX 50-trading day average closing price on the trading day immediately prior to the beginning of the Performance Period) ÷ (LRCX 50-trading day average closing price on the trading day immediately prior to the beginning of the Performance Period) x 100

		
	•
	Index TSR %

Exhibit A – Market-Based Performance Restricted Stock Unit Award Agreement

(Index 50-trading day average closing price as of the last trading day of the Performance Period – Index 50-trading day average closing price on the trading day immediately prior to the beginning of the Performance Period) ÷ (Index 50-trading day average closing price on the trading day immediately prior to the beginning of the Performance Period) x 100

		
	•
	Notes: 

		
	▪
	The LRCX TSR % calculation excludes any dividends paid on the Company’s common stock. 

		
	▪
	All Index TSR % calculations are based on the companies traded on the Index as of the applicable dates

		
	o
	E.g., The Index is used as of the applicable dates even if companies are added / removed from the Index during the Performance Period.

		
	▪
	The Company’s relative performance is determined using calculations based on the 50-trading day average closing price methodology for all TSR calculations.

		
	▪
	In the event of a Corporate Transaction, the closing price of the Company’s common stock as of the closing date of the Corporate Transaction is used to convert the sum of the “performance pro rata” and “target pro rata” number of Shares into the Cash Award.

		
	▪
	If the Index is no longer traded / calculated, the Company’s relative performance is determined using calculations based on the companies included in the Index at the time trading / calculation last occurred.  The Compensation Committee will calculate the Index TSR % in the manner that most closely approximates the Index in its sole discretion.

Leave of Absence:  31st day (or 91st day if reemployment guaranteed by statute or contract)

Version 1 (Nov 2015)EX-10.12

 Exhibit 10.12 

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 (***). 

MASTER PRODUCT PURCHASE AGREEMENT 

This Agreement is made and entered into as of this 15th day of November, 2013 (“Effective Date”) by and between Smart Sand, Inc. a
Delaware Corporation, with a place of business at 1010 Stony Hill Rd., Suite 175, Yardley, Pennsylvania 19067 (“Smart Sand”) and EOG Resources, Inc., a Delaware corporation, with a place of business at 421 W. 3rd Street, Suite 150,
Fort Worth, Texas 76102 (“EOG”). 
 RECITALS 

A.    Whereas, Smart Sand mines, processes and sells certain industrial sand products; and 

B.    Whereas, Smart Sand and EOG desire to enter into an agreement setting forth the terms under which Smart Sand will
mine, process and sell such products to EOG, based on firm monthly and yearly commitments as more particularly described herein, from Smart Sand’s mine and processing facility located in Oakdale, Wisconsin. 

AGREEMENT 
 Now
therefore, in consideration of the mutual covenants herein, the parties hereto agree as follows: 

1.    Products, Forecasts and Quantity Commitments  

1.1    Subject to the terms and conditions of this Agreement, during the Term (as defined in Section 7.1) of this
Agreement, Smart Sand agrees to sell and deliver to EOG, and EOG agrees to purchase and accept from Smart Sand, *** frac sand products (or other size Products on an as agreed basis) mined and processed at Smart Sand’s facility in Oakdale,
Wisconsin based on the specifications (the “Specifications”) set forth in Appendix A attached hereto and incorporated by reference (each a “Product” and collectively, the “Products”), and
based on the product mix specified in Appendix B attached hereto and incorporated by reference, subject to the tonnage requirements as follows: 
  

			
	 Contract Year
	  	 Minimum

Tons per Year

	1	  	***
	2	  	***
	3	  	***
	4*	  	***
	5*	  	***
	6*	  	***

 Contract Years 1, 2 and 3 constitute the “Initial Term”.

*    Indicates years that are only applicable in the event EOG exercises its options under Section 7.1 of this Agreement.

 †    Indicates amounts subject to adjustment upon exercise of EOG’s additional purchase options, as set
forth Section 1.8. “Minimum Tons per Year” shall mean the tons of Product EOG commits to purchase during a Contract Year, whether the base volume or through the exercise of the Options. 

  
 1 

 1.2    For purposes of this Agreement, a “Contract Year”
shall mean (i) the period beginning on the Effective Date and ending at 11:59 p.m. on the day immediately preceding the one year anniversary of the Effective Date and (ii) for each other Contract Year during the Term, the annual period beginning on
applicable anniversary of the Effective Date and ending at 11:59 p.m. on the day immediately preceding the one year anniversary of the commencement of the applicable annual period. For the avoidance of doubt, if the Effective Date is November
1, 2013, then Contract Year 1 will consist of November 1, 2013 through October 31, 2014, Contract Year 2 will consist of November 1, 2014 through October 31, 2015, Contract Year 3 will consist of November 1, 2015 through October 31, 2016, and
continuing in this manner until the expiration of the Term. 
 1.3    Except as otherwise agreed by the parties, EOG
shall provide Smart Sand with an initial *** non-binding forecast for all Product requirements prior to the first month of delivery in the first Contract Year hereunder for each quarter. On a monthly basis, after issuance of the initial *** forecast
as specified above, and on or before the first day of each ensuing calendar month, EOG shall update its forecast to maintain a *** rolling forecast (each such forecast, a “Forecast”).

1.4     In no event will Smart Sand be required to provide to EOG in any given month during the Term an aggregate quantity
of Products exceeding *** tons during Contract Year 1 and *** tons during and after Contract Year 2; provided, however, that if EOG exercises its options to purchase additional Products, as set forth in Section 1.8, then the foregoing
maximum monthly amount shall be increased by *** of the Minimum Tons per Year EOG elects to purchase. EOG shall have the first right, but not the obligation, to purchase additional *** (over and above the *** ton or *** ton annual commitment,
as applicable) Product each Contract Year, under the terms and at the price provided for herein, during the Term of this Agreement (the “Right of First Refusal”). Smart Sand may only sell such quantities of *** Product to third
parties as are specifically refused by EOG in writing; provided, however, that EOG shall have no right to specify price or other commercial terms of such third party sales as a condition of its refusal. Any refusal of sand or
partial waiver of EOG’s Right of First Refusal (regardless of whether such refusal or partial waiver is for a specified quantity in tons of Product, period of time or otherwise) shall not terminate EOG’s Right of First Refusal for any and
all sand not specifically refused or waived by EOG in writing. Smart Sand may only sell *** to third parties, pursuant to *** (the “Third Party Products”), if Smart Sand has first provided EOG with written notice of its intent
to enter into a third party agreement(s) and EOG has subsequently provided Smart Sand with written notice of its election not to exercise its Right of First Refusal prior to Smart Sand and such third parties entering into such agreement(s). In
the event EOG elects, in writing, not to exercise its Right of First Refusal, EOG may only exercise the Right of First Refusal in each Contract Year for the amount of *** equal to *** tons minus the aggregate Third Party Products that Smart
Sand has committed to sell for such Contract Year minus the Minimum Tons per Year EOG elects to purchase in such Contract Year. 

1.5    Notwithstanding anything in this Agreement to the contrary, in the event that EOG purchases less than the Minimum
Tons per Year stated in Section 1.1 above during any Contract Year during the Term and has not, ***, purchased an amount exceeding *** (“Prior Excess”) by an amount greater than or equal to any such shortfall, EOG shall pay to Smart
Sand, on or before the date which is *** after receipt of an invoice from Smart Sand, an amount (a “True-Up Payment”) equal to (i) the applicable Contract Price (as determined pursuant to Appendix C attached hereto and
incorporated by reference) for the applicable Contract Year multiplied by the difference between the applicable Minimum Tons per Year stated above and the actual tons purchased by the EOG during such Contract Year (“Actual
Tons”) for any Product below the cumulative initial *** tons EOG committed to purchase; (ii) plus *** multiplied by the difference between the Minimum Tons per Year and *** Tons for any Product above the cumulative initial ***
tons EOG committed to Purchase; (iii) minus the Prior Excess multiplied by the applicable Contract Price; provided, however, that EOG may choose to defer payment of a True-Up Payment by applying the net tons for the
applicable Contract Year to the Tonnage Deferment Amount (as defined in Section 1.6 below), provided that the aggregate amount of net tons applied to the Tonnage Deferment Amount during the Initial Term does not exceed the Maximum Deferment Amount
(as defined in Section 1.6). 
 1.6    For purposes of this Agreement, the “Tonnage Deferment Amount”
shall mean, at any given time during the Initial Term or Renewal Term, the aggregate amount of net tons that have been applied by EOG to the Tonnage Deferment Amount, in accordance with Section 1.5 above, in an amount not to exceed *** of the

  
 2 

 
committed annual volume of Product (the “Maximum Deferment Amount”). For example, (a) during Contract Year 1 the Maximum Deferment Amount will be *** tons, (b) commencing on
Contract Year 2 (and assuming that EOG does not exercise the Options (as defined in Section 1.8(A)), the Maximum Deferment Amount will be *** tons, and (c) if EOG exercises the Options, the Maximum Deferment Amount will be ***. Within *** after
completion of the Initial Term or Renewal Term, whichever is later, EOG shall pay to Smart Sand (the “Deferment Payment”) an amount equal to the sum of (i) the net tons applied to the Tonnage Deferment Amount during the Term which
remain deferred upon expiration of the Term, if any, multiplied by (ii) the Contract Price in effect upon completion of the Term.

1.7    Upon payment of the Deferment Payment, EOG shall have twelve (12) months to take delivery of the deferred
Products. Smart Sand shall deliver to EOG the Products that have been and remain deferred pursuant to the Tonnage Deferment Amount, under a reasonable and mutually agreeable delivery schedule. If EOG does not timely take delivery of some or all
of such Products, EOG shall not be entitled to any refund of all or any portion of the Deferment Payment made to Smart Sand and EOG shall forfeit any title to or right to receive the amount of Products that EOG has chosen not to receive. 

1.8    Smart Sand will construct a new sand dry processing plant located in Oakdale, Wisconsin (the “New
Facility”), which must commence operations no later than the beginning of Contract Year 2. 
 (A)    Commencing
on the first day of Contract Year 2 and continuing until the *** after the commencement of Contract Year 3 (the “Options Exercise Period”), EOG shall have the options to purchase up to an additional *** tons of *** Products per year
for the remainder of the Initial Term, which EOG may exercise by providing written notice to Smart Sand prior to the expiration of the Options Exercise Period (the “Options”). If EOG exercises its Options, EOG will be committed
for the remainder of the Initial Term to the Minimum Monthly Volumes set forth in Appendix B at “Options Exercise”, subject to adjustment as provided in (B) below. In the event EOG exercises its rights to renew this Agreement
for the first, second or third Renewal Term, as applicable, EOG shall, at the time of delivery of EOG’s written notice(s) to Smart Sand of EOG’s intent to renew, provide Smart Sand with written notice of the amount of Product that EOG will
commit to purchase during the following one year Renewal Term; provided, however, EOG may not increase or decrease its Minimum Tons per Year for the following Renewal Term by more than *** of the Minimum Tons per Year EOG committed to
purchase in the prior Contract Year; provided, further, that in no event shall the Minimum Tons per Year be less than *** tons.

(B)    If the New Facility is not capable of producing the then-applicable Minimum Monthly Volumes, as set forth in
Appendix B, then: (i) if such incapability occurs during or after Contract Year 2 and the Options has not been exercised, (a) the price of Products, during the period commencing on the first day of Contract Year 2 and ending on the day in
which the New Facility is capable of producing *** tons of Products per month, shall be *** per ton, subject to any increases provided for in Appendix C, and (b) the commitment to purchase Products shall be reduced for Contract Year 2 and
each subsequent Contract Year until the New Facility is capable of producing *** tons of Product per month, by an amount equal to *** divided by 365 multiplied by the number of days between the beginning of the applicable Contract Year
and the day in which the New Facility is capable of producing *** tons of Product per month; or (ii) if such incapability occurs during or after Contract Year 2 and after the Options have been exercised (if such exercise occurs), (a) the price of
Products, during the period commencing on the first day of Contract Year 2 and ending on the day in which the New Facility is capable of producing *** of the tons of Products EOG elects to purchase in a Contract Year per month, shall be *** per ton,
subject to any increases provided for in Appendix C, and (b) the commitment to purchase Products after exercise of the Options shall be reduced in the first Contract Year in which the applicable option is exercised, and each subsequent
Contract Year until the New Facility is capable of producing *** of the tons of Product EOG elects to purchase in a Contract Year per month, by an amount equal to the difference between the amount of Product EOG elects to purchase in a Contract Year
and *** divided by 365 multiplied by the number of days between the beginning of the Contract Year and the day in which the New Facility is capable of producing *** of the tons of Product EOG elects to purchase in a Contract Year per
month. 

  
 3 

 (C)    The parties intend and agree that the Options and the Right of First
Refusal are for commercial convenience, based on EOG’s need for the Product, and are not intended to be regulated as options under the Commodity Exchange Act, as amended by the Dodd–Frank Wall Street Reform and Consumer Protection Act.

 1.9    EOG shall issue purchase orders or other mutually agreeable documentation to Smart Sand setting forth the
quantities of Products, applicable prices, requested ship dates, destination of shipment and other details related to a specific order.

1.10    The terms and conditions of this Agreement are the controlling terms and conditions for the purchase of Products
by EOG. The printed terms and conditions of any purchase order, acknowledgment form, invoice or other business form of EOG and Smart Sand shall not apply to any order. EOG and Smart Sand agree that any purchase order issued, acknowledgment
form, invoice or other business form of EOG or Smart Sand is for quantity and timing purposes only, and such documents do not form the basis of any contract. 

2.    Price and Payment Terms 

2.1    The pricing for the Products for each Contract Year shall be as set forth on Appendix C attached hereto and
incorporated herein by reference (“Contract Price”). Smart Sand agrees that all Products ordered by EOG will be loaded onto EOG supplied railcars and shipped as specified in the purchase order or other mutually agreeable
documentation, provided, however, that (i) EOG agrees to comply with all reasonable freight scheduling mechanisms and timeframes designated by Smart Sand in writing to EOG from time to time, and (ii) all railcars supplied by EOG will
be set up to receive unpackaged Products, and delivery of the Products shall occur upon the transfer of Products into the applicable railcar via a delivery chute. Delivery will be, and all prices are quoted, FCA Smart Sand’s rail spur facility
located in Oakdale, Wisconsin, Incoterms 2010. For the avoidance of doubt, all rail and shipping costs, including, without limitation, insurance costs, shall be borne exclusively by EOG. The Contract Price shall be subject to adjustments
implemented during the Term in accordance with the terms set forth in Appendix C.
 2.2    Unless separately
stated otherwise on an invoice, prices quoted by Smart Sand do not include sales, VAT, use or similar taxes. And such taxes, fees, duties, and customs charges imposed on Smart Sand, except for income, profits, franchise or other such taxes, in
the country or area of operations shall be reimbursed to Smart Sand by EOG, unless an exemption from the Wisconsin state and local sales tax is applicable. The provisions of this clause shall continue after termination of this Agreement. 

2.3    Smart Sand shall invoice EOG upon shipment of Products. Payment by EOG shall be due and payable within ***
after the date of invoice. Past due invoices are subject to a monthly service charge at a rate equal to the lesser of *** per month or the maximum rate from time to time permitted by applicable law. 

2.4    Upon placing this instrument with an attorney for collection of undisputed past due payments or repossession of
Products, EOG shall reimburse Smart Sand for reasonable attorneys’ fees, court costs, and other taxable expenses incurred by Smart Sand to enforce the terms and conditions stated herein. 

3.    Specifications 

In the event EOG desires to change the Specifications, a request for change shall be submitted to Smart Sand in writing. Smart Sand must
agree to any such changes in writing prior to amendment of the Specifications. Smart Sand shall notify EOG of any adjustment to the Contract Prices resulting from the changes to the Specifications requested by EOG. EOG must agree to the
adjustment to the Contract Prices in writing prior to any amendment of the Specifications. 

  
 4 

 4.     Delivery 

4.1    The Products shall be delivered in accordance with Section 2.1 of this Agreement. EOG may store up to ***
railcars (*** railcars after exercise of the Options) at Smart Sand’s Oakdale, Wisconsin facility to be used solely to “hook and haul” (i.e. one-half of the cars will be dropped off empty and one-half of the cars will be promptly
removed) the Products. Smart Sand reserves the right to charge EOG a storage fee of *** per car per day for any EOG controlled rail car that remains at Smart Sand’s rail facility longer than *** after the complete unit train (approximately ***)
is fully loaded with Product, which amount shall increase to *** per car per day for any car that remains at Smart Sand’s rail facility longer than *** after being fully loaded with Product. 

4.2    In the event that, during a consecutive *** period, Smart Sand is unable to supply an average of at least *** of
the Products requested by EOG and provided that Smart Sand’s inability to supply is not the result of an Excusable Delay under Section 9 below that continues for a period of less than ***, then EOG shall have the option, but not the obligation,
to reduce the Minimum Tons per Year EOG is obligated to purchase to the Minimum Tons per Year that Smart Sand is capable of supplying, and the Minimum Monthly Volume EOG is obligated to purchase shall be reduced accordingly. In the event Smart
Sand becomes capable of producing the original Minimum Tons per Year (the Minimum Tons per Year EOG committed to purchase prior to being reduced by EOG) not later than *** after EOG elects to reduce the Minimum Tons per Year, EOG shall have the
option, but not the obligation, to increase the Minimum Tons per Year back to the original Minimum Tons per Year, proportionately reduced by the number of days in which the Minimum Tons per Year were reduced. 

5.    Inspection 

Smart Sand shall test the Products in accordance with the testing procedures set forth on Appendix D attached hereto and incorporated by
reference for compliance with the Specifications. Smart Sand shall retain all testing records for a period of *** and shall, at EOG’s request, supply to EOG a copy of Smart Sand’s test sheets, certified by Smart Sand to be a true
copy. Because deliveries made pursuant to this Agreement shall be via large individual loads by rail, any inspection by EOG can be made at the point of loading. EOG may, at its expense, have a representative at Smart Sand’s facility
for the purpose of such inspection. Any Products not conforming to Specifications as determined by the testing procedures set forth on Appendix D prior to delivery are hereby rejected. Any such Products shall promptly be replaced by
Smart Sand at no expense to EOG.
 6.    Warranty 

6.1    Smart Sand warrants to EOG that Smart Sand shall have complied in all material respects with the testing procedures
set forth on Appendix D with respect to each Product. All Products delivered to EOG shall meet the Specifications.

6.2    EOG acknowledges that Products may become damaged by improper handling after leaving Smart Sand’s facility or
terminal and that Smart Sand shall have no obligation to replace such damaged Products, except to the extent such damage is caused, in whole or in part, by the negligence or willful acts of Smart Sand, and its employees, contractors, agents and
representatives. 
 6.3    THIS WARRANTY IS EXPRESSLY IN LIEU OF ALL OTHER WARRANTIES. SMART SAND MAKES NO OTHER
WARRANTIES, EXPRESS OR IMPLIED, INCLUDING BUT NOT LIMITED TO ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE WITH RESPECT TO ANY PRODUCTS. 

7.    Term and Termination 

7.1    This Agreement shall become effective as of the date hereof (the “Effective Date”), and shall expire at
11:59 p.m. on the last day of Contract Year 3 (the “Term”) unless sooner terminated as provided herein. This Agreement may be renewed by EOG for three additional one-year terms (each a “Renewal Term”, and together with the
Initial Term, collectively, the “Term”) upon delivery of written notice to Smart Sand of EOG’s intent to renew no later than ninety (90) days prior to the expiration of the Initial Term, or first or second

  
 5 

 
Renewal Term, as applicable. If the EOG exercises its right to renew the agreement for the first Renewal Term but does not exercise its right for a second Renewal Term, the Agreement shall expire
at 11:59 p.m. on the last day of Contract Year 4 and there shall be no further right of renewal. If the EOG exercises its right to renew the Agreement for the first and second Renewal term but does not exercise its right for a third Renewal
Term, the Agreement shall expire at 11:59 p.m. on the last day of Contract Year 5 and there shall be no further right of renewal. If the EOG exercises its right to renew the Agreement for the first, second and third Renewal Term but does not
exercise its right for a fourth Renewal Term, the Agreement shall expire at 11:59 p.m. on the last day of Contract Year 6 and there shall be no further right of renewal.

7.2    (a) Either party may terminate this Agreement, immediately upon written notice to the other party, (i) if such
other party is in material breach of any of its obligations under the Agreement and fails to cure such breach within thirty (30) days (fifteen (15) for the nonpayment of money) after receipt of written notice thereof from such other party or (ii) if
such other party is insolvent or makes any arrangement with its creditors generally, or has a receiver appointed for all or a substantial part of its business of properties, or an insolvency, bankruptcy of similar proceeding is brought by or against
such other party and involving such other party is not dismissed within sixty (60) business days of its institution, or if such other party goes into liquidation or otherwise ceases to function as a going concern.

(b) If an Excusable Delay set forth in Section 9 continues for a period of at least ninety (90) days then the party not claiming Excusable
Delay may, at its option, immediately upon written notice to the other party, elect to terminate this Agreement. 

7.3    In the event of termination of this Agreement as provided in Section 7.2, this Agreement shall immediately become
void and there shall be no liability or obligation on the part of any party hereto; provided, that (i) any such termination shall not relieve any party from liability for any willful breach of this Agreement or any fraud and (ii) the
provisions of this Section 7.3 (Effect of Termination) and Sections 8 (Confidentiality), 10 (Limitation of Liability), 11 (Notices), 12 (Resolution of Disputes) and 15 (Miscellaneous) of this Agreement shall remain in full force and effect and
survive any termination of this Agreement. 
 7.4    Notwithstanding the anything to the contrary in Section 7.3, in the
event EOG terminates this Agreement pursuant to Sections 7.2(a)(i) or (ii), or either party terminates this Agreement pursuant to Section 7.2(b), EOG shall pay, within thirty (30) days of the receipt of an invoice from Smart Sand, all amounts due
and owing to Smart Sand for Products delivered by Smart Sand prior to the effective date of termination. In the event Smart Sand terminates this Agreement pursuant to Sections 7.2(i) or (ii), EOG shall pay, within thirty (30) days of the
receipt of an invoice from Smart Sand, an amount equal to: 
  

	 	(A)	all amounts due and owing to Smart Sand for Products delivered by Smart Sand prior to the effective date of termination; plus 

 

	 	(B)	an amount equal to: (i) *** multiplied by the difference between *** and the actual tons purchased by the EOG during the Term, plus (ii) ***multiplied by the difference between the
amount of tons in excess of *** that EOG has committed to purchase during the Term and the actual tons in excess of *** purchased by EOG during the Term. Notwithstanding the foregoing, in the event EOG makes any Deferred Payment(s) and/or
True-Up Payment(s) during the Term, it shall be treated as though the net tons applied to or relating to such payments were delivered by Smart Sand and purchased and received by EOG. 

For example, if upon termination, (i) EOG previously purchased *** tons of Product during the Term but failed to purchase and receive ***
tons, then EOG shall pay Smart Sand *** times *** tons for total liquidated damages of ***, or (ii) EOG previously purchased *** tons of Product during the Term but had committed to purchasing *** tons of Product, then EOG shall pay Smart Sand ***
times *** tons for total liquidated damages of ***. 

  
 6 

	 	8.	Confidentiality 

 8.1    The parties acknowledge that either
party may disclose (orally or in writing) to the other confidential and proprietary information relating to the Products or each party’s business, including but not limited to this Agreement and in particular the price terms (together the
“Confidential Information”). Each party agrees that it will keep the Confidential Information of the other party disclosed to it and the existence of this Agreement in confidence by using at least the same degree of care to
prevent unauthorized disclosure or use thereof as such party uses to protect its own confidential information of like nature, and that it will not knowingly disclose, directly or indirectly, any item of Confidential Information or the existence of
this Agreement, or any part thereof, to any person, without the prior written consent of the disclosing party, except only to those of the recipient’s employees, contractors, agents and representatives who need to know the same in the
performance of their duties for the recipient in connection with this Agreement. Notwithstanding anything herein to the contrary, the parties may disclose this Agreement, including the price terms, to (i) third-parties who own working interests
in oil and/or gas wells where the Product is delivered and/or used, (ii) their attorneys, (iii) their bankers and lenders to the extent necessary to comply with loan covenants and disclosure requirements imposed by their loan documents, (iv) their
accountants and auditors, and (v) to any government authority in accordance with any law, rule or regulation.

8.2    The parties’ non-disclosure obligations restrictions hereunder shall continue with respect to any item of
Confidential Information until the earlier of the expiration of two (2) years following the termination of this Agreement for any reason, or until such item: (a) is or has become publicly available; or (b) was in the possession of, or known by,
the recipient without an obligation to keep it confidential; or (c) has been disclosed to the recipient by an unrelated third party, without an obligation to keep it confidential; or (d) has been independently developed by the recipient. 

 

	 	9.	Excusable Delay 

 Upon providing the other party notice and reasonably full
particulars of an event of force majeure (as described below) in writing, within a reasonable time after the occurrence of such event of force majeure, such party shall not be liable for any delay or failure to perform to the extent caused by fire,
flood, adverse weather conditions, explosion, war, riot, embargo, labor disputes, strike, shortage of utilities, material or labor, delay in transportation, compliance with any laws, regulations, orders, acts or requirements from the government,
civil or military authorities, government-mandated facility shutdowns or limitations, acts of God or the public enemy, or any other act or event of any nature reasonably beyond such party’s control. In such circumstances, the party not
claiming force majeure may, at its option, elect to cancel the portion of any order subject to such delay by providing to the other party prompt written notice of its election, provided that, such cancellation shall apply only to that
portion of the order affected by the foregoing circumstances and the balance of the order shall continue in full force and effect. Notwithstanding anything in this Agreement to the contrary, if Smart Sand’s production capacity is impaired
as a result of one or more of the foregoing events of force majeure, then the Minimum Tons per Year, for the Contract Year(s) in which the event(s) of force majeure occur, shall be reduced by an amount equal to the Minimum Tons Per Year divided
by 365 multiplied by the number of days in the Contract Year that Smart Sand’s production capacity is impaired as a result of such event(s) of force majeure. 
  

	 	10.    LIMITATION	OF LIABILITY. 

 EXCEPT AS OTHERWISE SPECIFICALLY SET FORTH IN THIS AGREEMENT,
NEITHER PARTY SHALL BE LIABLE FOR ANY SPECIAL, INDIRECT, INCIDENTAL OR CONSEQUENTIAL DAMAGES OF ANY KIND OR NATURE WHATSOEVER, INCLUDING, WITHOUT LIMITATION, LOST GOODWILL, LOST PROFITS, WORK STOPPAGE OR IMPAIRMENT OF OTHER GOODS, AND WHETHER
ARISING OUT OF BREACH OF ANY EXPRESS OR IMPLIED WARRANTY, BREACH OF CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY OR OTHERWISE, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGE OR IF SUCH DAMAGE COULD HAVE BEEN REASONABLY FORESEEN.

  
 7 

	 	11.	Notice 

 Any notice or other communication hereunder shall be in writing and shall
be deemed given and effective when delivered personally, by fax, by certified or registered mail, postage prepaid, return receipt requested, or by overnight carrier, addressed to a party at its address stated below or to such other address as such
party may designate by written notice to the other party in accordance with the provisions of this Section. 
  

			
	 To Smart Sand:
	  	 Smart Sand, Inc.

		  	 1010 Stony Hill Rd., Suite 175

		  	 Yardley, Pennsylvania 19067

		  	 Attention: Andrew Speaker

		  	 Facsimile: 215.295.7911

		
	 With a copy to:
	  	 Fox Rothschild LLP

		  	 997 Lenox Drive, 3rd Floor

		  	 Lawrenceville, NJ 08648

		  	 Attn: James D. Young

		  	 Facsimile: 609.896.1469

		
	 To EOG:
	  	 EOG Resources, Inc.

		  	 19100 Ridgewood Parkway, Bldg. 2

		  	 San Antonio, Texas 78259

		  	 Attn: Bobby Sanders

		  	 Facsimile: 210.403.7805

		
	 With a copy to:
	  	 EOG Resources, Inc.

		  	 421 W. 3rd Street, Suite 150

		  	 Fort Worth, Texas 76102

		  	 Attn: General Manager, Shared Services

  

	 	12.	Resolution of Disputes 

 Nothing herein shall prohibit a party from
availing itself of a court of competent jurisdiction for the purpose of injunctive relief. The parties acknowledge and agree that the respective parties may have available to them laws or remedies available under applicable law; it is the
intent of the parties to have the terms of this Agreement apply in every instance, including, without limitation, the choice of law provisions and the respective parties agree not to avail themselves of such alternate local legislation or remedies
available thereunder. The parties acknowledge that this is a fundamental foundation for the risk allocation undertaken in this Agreement and should this provision be breached it would deny the other party the full benefit of its risk allocation
and the agreed pricing structure.
  

	 	13.	Compliance with Law 

 13.1    Subject to the limitations of
this Agreement, it is agreed that in the performance of this Agreement all matters shall be conducted in compliance in all material respects with any and all applicable federal, state, provincial and local laws, rules and regulations in the area(s)
in which the matters are being conducted. If either party is required to pay any fine or penalty, or is subject to a claim from the other party’s failure to comply with applicable laws, rules or regulations, the party failing to comply
shall defend, indemnify and hold harmless the other party for all damages, reasonable attorneys’ fees, fees and/or fines for such failure to comply to the extent of the indemnifying party’s allocable share of the failure to comply.

13.2    Notwithstanding anything to the contrary, neither party shall be required to take any action or be required to
refrain from taking any action prohibited, penalized or required, as applicable, under the laws of the United States, including, without limitation, the U.S. antiboycott laws. 

  
 8 

	 	14.	Assignment 

 This Agreement shall inure to the benefit of and be binding upon the
parties hereto and their respective successors and assigns (to the extent this Agreement is assignable). Neither party may assign or otherwise transfer this Agreement in whole or in part, assign any of its rights hereunder nor delegate any of
its obligations hereunder without the prior written consent of the other party. Any such prohibited assignment or attempted assignment without the other party’s prior written consent shall be void.

 

	 	15.	Miscellaneous. 

 15.1    This Agreement constitutes the
entire agreement between the parties hereto relating to the subject matter hereof and supersedes all prior oral and written and all contemporaneous oral negotiation, commitments and understandings of the parties. This Agreement may not be
changed or amended except by a writing executed by both parties hereto. 
 15.2    This Agreement shall be governed by
and construed and enforced in accordance with the internal laws of the State of Texas without giving effect to that state’s conflicts of laws principles or choice of law rules. Venue for the resolution of all disputes hereunder shall
exclusively be in a state or federal court of competent jurisdiction in Houston, Harris County, Texas. 
 15.3    No
delay or failure by either party to exercise or enforce at any time any right or provision of this Agreement shall be considered a waiver thereof or of such party’s right thereafter to exercise or enforce each and every right and provision of
this Agreement. A waiver to be valid shall be in writing, but need not be supported by consideration. No single waiver shall constitute a continuing of subsequent waiver. 

15.4    The rights and obligations of the parties hereto shall survive the termination or expiration of this Agreement to
the extent that any performance is required under this Agreement after such termination or expiration. 
 15.5    This
Agreement may be executed in one or more counterparts, each of which shall be deemed an original, but all of which shall constitute one and the same document. 

15.6    The headings herein are for reference purposes only and are not to be considered in construing this Agreement.

 15.7    If any provision of this Agreement shall be held illegal, invalid or unenforceable, in whole or in part, such
provision shall be modified to render it legal, valid and enforceable while to the fullest extent possible preserving the intent of the original provision, and the legality, validity and enforceability of all other provisions of the Agreement shall
not be affected thereby 
 [remainder of page intentionally blank] 

  
 9 

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

											
	Smart Sand, Inc.	 	EOG Resources, Inc.
						
		 	By:	 	 /s/ Andrew Speaker
	 		 	By:	 	 /s/ William R. Thomas

		 	Name:	 	 Andrew Speaker
	 		 	Name:	 	 William R. Thomas

		 	Title:	 	 CEO
	 		 	Title:	 	 President & CEO

 APPENDIX A 

Specifications 
  

					
	 	  	ISO 13503-2	 
	 Turbidity (NTU)
	  	 	***	  
	 Kumbein Shape Factors:
	  			
	 Roundness
	  	 	***	  
	 Sphericity
	  	 	***	  
	 Clusters (%)
	  	 	***	  
	 Sieve Analysis:
	  			
	 <0.1% of sample larger than first specified sieve size
	  			
	 % In Size -***
	  	 	***	  
	 % In Size -***
	  	 	***	  
	 % In Size -***
	  	 	***	  
	 100 Mesh Frac Sand % In Size -***
	  	 	*	** 
	 <1.0% in pan
	  			
	 Solubility in 12/3 HCL/HF for 0.5 HR @150oF
(% Weight Loss)
	  	 	***	  

 APPENDIX B 

Product Mix Parameters 

The Products sold hereunder shall consist entirely of *** size and the minimum monthly volume during the Term shall be as follows:

 

			
	 	  	 Minimum Monthly

Volumes (Tons)

	Base Volume (Contract Year 1)	  	***
	Base Volume (Contract Year 2 and thereafter)	  	***
	Options Exercise	  	*** of the amount of Product EOG elects to purchase each Contract Year

 EOG and Smart Sand acknowledge that they may, but are not obligated to, agree to substitute other size
Products (i.e., ***) for Products contemplated to be purchased pursuant to this Agreement if such other Products are available for sale and EOG and Smart Sand can agree upon a price for the same. 

 APPENDIX C 

Product Pricing 

Contract Prices are the sum of annual Base Prices and Quarterly fuel surcharges, as detailed below. Pricing for shipments each month should
be based on the Contract Prices for the most recent quarter. 
  

	 	1)	Base Prices are as follows: 

  

					
	 Product
	  	 Base Prices ($ / Ton) aggregate amount of

Product ordered during Contract Term of

1 to *** tons
	  	 Base Prices ($ / Ton) aggregate amount

of Product ordered during Contract

Term of *** tons and above

	*** Frac Sand	  	***	  	***

 The foregoing prices are subject to adjustment as provided in Section 1.8(B). Commencing at the beginning
of Contract Year 4 (if the Term is extended pursuant to Section 7.1) and continuing for each Contract Year thereafter if any, Base Prices will be increased annually in an amount equal to the year over year increase in the Consumer Price Index for
All Urban Consumers (CPI-U) – All items, as reported by the U.S. Bureau of Labor Statistics. 
  

	 	2)	Quarterly diesel and natural gas/propane fuel surcharges adjustments, starting on the first quarter of Contract Year 1, with details below: 

Natural Gas Surcharge: A Natural Gas Surcharge will be applied if the Average Natural Gas Price (ANGP) as listed on
WWW.EIA.DOE.GOV for the preceding calendar quarter is above the Bench Mark, set at *** per MMBTU, and shall be adjusted at the end of each calendar quarter for the duration of the agreement. A surcharge of *** per ton for every *** per MMBTU
increase for the ANGP for the preceding calendar quarter will apply in addition to the Base Price for all products. The calculation will be prorated, i.e., if the ANGP for a prior quarter averages *** per MMBTU, the surcharge will be *** per ton for
the following quarter. 
 As an example, if the average of the monthly closes of NYMEX natural gas for January, February and March is ***,
then *** will be added to the applicable Base Price for April, May and June. Additionally, if the average of the monthly closes of NYMEX natural gas for April, May and June is *** or less, then $0 will be added to the Base Price for July August and
September. 
 [Appendix C continues on following page] 

 Propane Surcharge: A Propane Surcharge will be applied if the Average Quarterly Mont
Belvieu, TX Propane Spot Price (AMBTX) as listed on WWW.EIA.GOV (http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=eer_epllpa_pf4_y44mb_dpg&f=m) 

for the preceding calendar quarter is above the Bench Mark, set at *** per gallon of Propane ((Month 1 Average + Month 2 Average + Month 3
Average)/3=AMBTX), and shall be adjusted at the end of each calendar quarter for the duration of the agreement. A surcharge of *** per ton for every *** per gallon increase in the AMBTX for the preceding calendar quarter will apply in addition to
the Base Price for all products. The calculation will be prorated, i.e., if the AMBTX for a prior quarter averages *** per Gallon, the surcharge will be *** per ton for the following quarter. 

As an example, if the average of the monthly closes of Mont Belvieu, TX Propane Spot for January, February and March is ***/gallon, then ***
will be added to the applicable Base Price for April, May and June. Additionally, if the average of the monthly closes of NYMEX natural gas for April, May and June is ***/gallon or less, then $0 will be added to the Base Price for July August and
September. 

 APPENDIX D 

Testing Procedures 
 This schedule
provides an explanation of how Smart Sand will test its Products to confirm that they are compliant with the Specifications set forth in Appendix A. All testing shall be conducted during periods when Smart Sand’s facility in Oakdale,
Wisconsin (or any other facility owned and operated by Smart Sand during the Term, as the case may be), is operational and not during down time. Testing shall be conducted on sand samples taken from the transfer area that leads to Smart
Sand’s storage silo(s).
 The testing to be performed and its frequency, shall be as follows: 

 

	 	1.	*** 

  

	 	2.	*** 

  

	 	3.	*** 

  

	 	4.	*** 

 EOG or its representative(s) may be present to witness the testing and may, at EOG’s cost, conduct
its own testing.

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