SEC Contract Filing

Filing Date: 2019-02-27

Document Content:
<DOCUMENT>
<TYPE>EX-10.23
<SEQUENCE>2
<FILENAME>soi-20181231ex1023daaaa.htm
<DESCRIPTION>EX-10.23
<TEXT>
<!--HTML document created with Merrill Bridge 9.0.0.120-->
<!--Created on: 2/27/2019 3:42:25 PM-->
<html>
	<head>
 <title>
 Ex_10_23
 </title>
	</head>
	<body><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;"></div><div style="margin-left:10.2941176470588%;margin-right:10.2941176470588%;">
 <p style="margin:0pt 0pt 3pt 103.3pt;text-align:right;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;">Exhibit 10.23</font>
 </p>
 <p style="margin:0pt 0pt 3pt 103.3pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-size:12pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="font-family:Times New Roman,Times,serif;font-weight:bold;font-size:12pt;border-bottom-style:solid;border-bottom-width:2pt;height:100%;text-indent:0pt;">FIRST AMENDMENT TO CREDIT AGREEMENT</font>
 </p>
 <p style="margin:0pt 0pt 0pt 103.3pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-size:12pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt 0pt 0.05pt 5pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">THIS FIRST AMENDMENT TO CREDIT AGREEMENT (this &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">Amendment</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201D;) is made and entered into as of February 1, 2018 by and among SOLARIS OILFIELD INFRASTRUCTURE, LLC, a Delaware limited liability company (the &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">Borrower</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201D;); each of the Lenders which is a party to the Credit Agreement (as defined below) (individually, a &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">Lender</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201D; and, collectively, the &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">Lenders</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201D;), and WOODFOREST NATIONAL BANK, acting as administrative agent for the Lenders (in such capacity, together with its successors in such capacity, the &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">Administrative Agent</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201D;).</font>
 </p>
 <p style="margin:0pt 0pt 4.5pt;font-family:Times New Roman,Times,serif;font-size: 8pt;">
 <font style="display:inline;font-size:8pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt 0pt 0.05pt;text-align:center;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">RECITALS</font>
 </p>
 <p style="margin:0pt 0pt 4.5pt;font-family:Times New Roman,Times,serif;font-size: 8pt;">
 <font style="display:inline;font-size:8pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt 0pt 0.5pt 5pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="text-indent:0pt;margin-left:0pt; padding-right:25.05pt;"><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">A.</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left">The Borrower, the Lenders and the Administrative Agent executed and delivered that certain Credit Agreement dated as of January 19, 2018. Said Credit Agreement,&nbsp;&nbsp;as&nbsp;&nbsp;amended, supplemented and restated, is herein called the &#x201C;</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;text-decoration:underline;">Credit Agreement</font><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">&#x201D;. Any capitalized term used in this Amendment and not otherwise defined shall have the meaning ascribed to it in the Credit Agreement.</font></font>
 </p>
 <p style="margin:0pt 0pt 0.05pt;font-family:Times New Roman,Times,serif;font-size: 11pt;">
 <font style="display:inline;font-size:11.5pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt 0pt 0pt 5pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="text-indent:0pt;margin-left:0pt; padding-right:25.05pt;"><font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">B.</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left">The Borrower, the Lenders and the Administrative Agent desire to amend the Credit Agreement in certain respects.</font></font>
 </p>
 <p style="margin:0pt;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-size:12pt;">&nbsp;</font>
 </p>
 <p style="margin:0pt 0pt 0.55pt 5pt;text-indent:36pt;text-align:justify;text-justify:inter-ideograph;font-family:Times New Roman,Times,serif;font-size: 12pt;">
 <font style="display:inline;font-family:Times New Roman,Times,serif;font-size:12pt;">NOW, THEREFORE, in consideration of the premises and the mutual agreements, representations and w