SEC Contract Filing

Filing Date: 2025-04-30

Document Content:
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<TYPE>EX-10.2
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<FILENAME>d939534dex102.htm
<DESCRIPTION>EX-10.2
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.2 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SECOND AMENDMENT TO </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>LOAN, SECURITY AND GUARANTY AGREEMENT </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>SECOND AMENDMENT </B><B>TO LOAN, SECURITY AND GUARANTY AGREEMENT</B> (this &#147;<B><I>Amendment</I></B>&#148;), dated as of April&nbsp;28,
2025, to the Loan, Security and Guaranty Agreement, dated as of October&nbsp;2, 2024 (as amended, supplemented or otherwise modified from time to time prior to the date hereof, the &#147;<B><I>Loan Agreement</I></B>&#148;), among <B>SOLARIS ENERGY
INFRASTRUCTURE, LLC</B>, a Delaware limited liability company (&#147;<B><I>Infrastructure</I></B>&#148;), <B>SOLARIS OILFIELD SITE SERVICES OPERATING, LLC</B>, a Texas limited liability company (&#147;<B><I>Site Services Operating</I></B>&#148;),
<B>SOLARIS OILFIELD EARLY PROPERTY, LLC</B>, a Texas limited liability company (&#147;<B><I>Early Property</I></B>&#148;), <B>SOLARIS OILFIELD SITE SERVICES PERSONNEL LLC</B>, a Delaware limited liability company (&#147;<B><I>Site Services
Personnel</I></B>&#148;), <B>SOLARIS LOGISTICS, LLC</B>, a Delaware limited liability company (&#147;<B><I>Logistics</I></B>&#148;), <B>SOLARIS OILFIELD TECHNOLOGIES, LLC</B>, a Delaware limited liability company
(&#147;<B><I>Technologies</I></B>&#148;), <B>SOLARIS TRANSPORTATION, LLC</B>, a Delaware limited liability company (&#147;<B><I>Transportation</I></B>&#148;), <B>MOBILE ENERGY RENTALS LLC</B>, a Texas limited liability company
(&#147;<B><I>Mobile</I></B>&#148;, and together with Infrastructure, Site Services Operating, Early Property, Site Services Personnel, Logistics, Technologies, and Transportation, &#147;<B><I>Borrowers</I></B>&#148;), <B>SOLARIS ENERGY
INFRASTRUCTURE, INC.</B>, a Delaware corporation (&#147;<B><I>Parent</I></B>&#148;), and certain of Parent&#146;s Subsidiaries, as Guarantors (Guarantors and Borrowers together, &#147;<B><I>Obligors</I></B>&#148;), the financial institutions party
thereto from time to time as Lenders, and <B>BANK OF AMERICA, N.A.,</B> a national banking association, as agent for the Lenders (in such capacity, &#147;<B><I>Agent</I></B>&#148;). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, Section&nbsp;10.2.12 of the Loan Agreement imposes certain limitations on the ability of the Obligors to incur or pay Capital
Expenditures; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Obligors desire to incur and pay certain Capital Expenditures in connection with the purchase orders
specified on <U>Schedule I</U> hereto (the &#147;<B><I>Second Amendment Specified Purchase Orders</I></B>&#148;), the incurrence or payment of which Second Amendment Specified Purchase Orders might be prohibited pursuant to Section&nbsp;10.2.12 of
the Loan Agreement; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Obligors have formed Stateline Power, LLC, a Texas limited liability company (the
&#147;<B><I>Excluded JV Entity</I></B>&#148;), as a joint venture to provide certain equipment rental and other services to its customers; </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Obligors desire to cause the Excluded JV Entity to be separately financed and exempt from the covenants binding on the
Obligors and their respective Subsidiaries; </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, the Obligors intend to assign to the Excluded JV Entity those certain
purchase orders set forth on <U>Schedule II</U> hereto (the &#147;<B><I>Excluded Subsidiary Purchase Orders</I></B>&#148;); </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, Obligors have requested that Agent and Lenders make certain amendments to the Loan Agreement to permit the foregoing described
transactions; and </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, Agent and Lenders are willing to amend the Loan Agreement on the terms and conditions set forth herein.
</P> <P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman"><B>NOW THEREFORE</B>, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which
are hereby acknowledged, the parties hereto hereby agree as follows: </P> <P STYLE="margin-top:6pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">1. <U>Definitions</U>. All terms used herein that are defined in the
Loan Agreement and not otherwise defined herein shall have the meanings assigned to them in the Loan Agreement. </P>
 <p STYLE="margin-top:0pt;margin-bottom:0pt ; font-size:8pt">&nbsp;</P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center">1 </P>

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