SEC Contract Filing

Filing Date: 2018-03-19

Document Content:
<DOCUMENT>
<TYPE>EX-10.15
<SEQUENCE>2
<FILENAME>wttr-20171231ex1015b27e5.htm
<DESCRIPTION>EX-10.15
<TEXT>
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 <font style="display:inline;">Exhibit 10.15</font>
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 <font style="display:inline;">AMENDMENT NO. 1<br />TO<br />EIGHTH AMENDED AND RESTATED<br />LIMITED LIABILITY COMPANY AGREEMENT<br />OF<br />SES HOLDINGS, LLC</font>
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 <font style="display:inline;">THIS AMENDMENT NO. 1 (this </font><font style="display:inline;font-weight:bold;">&#x201C;</font><font style="display:inline;text-decoration:underline;">Amendment</font><font style="display:inline;font-weight:bold;">&#x201D;</font><font style="display:inline;">) &nbsp;to the Eighth Amended and Restated Limited Liability Company Agreement of SES Holdings, LLC, a Delaware limited liability company (the &#x201C;</font><font style="display:inline;text-decoration:underline;">Company</font><font style="display:inline;">&#x201D;), dated as of December 19, 2016 (the &#x201C;</font><font style="display:inline;text-decoration:underline;">Agreement</font><font style="display:inline;">&#x201D;), is entered into as of November 1, 2017, by Select Energy Services, Inc., a Delaware corporation and the managing member of the Company &nbsp;(the &#x201C;</font><font style="display:inline;text-decoration:underline;">Managing Member</font><font style="display:inline;">&#x201D;).&nbsp;&nbsp;Capitalized terms used but not defined herein are defined in the Agreement.</font>
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 <font style="display:inline;">RECITALS</font>
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 <font style="display:inline;">WHEREAS, on November 1, 2017, &nbsp;pursuant to the closing (the &#x201C;</font><font style="display:inline;text-decoration:underline;">Closing</font><font style="display:inline;">&#x201D;) of the transactions contemplated by that certain Agreement and Plan of Merger (the &#x201C;</font><font style="display:inline;text-decoration:underline;">Merger Agreement</font><font style="display:inline;">&#x201D;), dated July 18, 2017, by and among the Managing Member, Raptor Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of the Managing Member, &nbsp;the Company, Raptor Merger Sub, LLC, a Delaware limited liability company and an indirect wholly owned subsidiary of the Company, Rockwater Energy Solutions, Inc., a Delaware corporation (&#x201C;</font><font style="display:inline;text-decoration:underline;">Rockwater</font><font style="display:inline;">&#x201D;), and Rockwater Energy Solutions, LLC, a Delaware limited liability company and a partially owned subsidiary of Rockwater (&#x201C;</font><font style="display:inline;text-decoration:underline;">Rockwater Holdco</font><font style="display:inline;">&#x201D;), subject to certain exceptions set forth in the Merger Agreement, each unit of Rockwater Holdco then outstanding was converted into the right to receive a number of units of the Company equal to the Exchange Ratio (as defined in the Merger Agreement);</font>
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 <font style="display:inline;">WHEREAS, at the Closing, Rockwater became a wholly owned subsidiary of the Managing Member and changed its name to Select Energy Solutions (RW), Inc. (in such capacity, &#x201C;</font><font style="display:inline;text-decoration:underline;">Rockwater Sub</font><font style="display:inline;">&#x201D;);</font>
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 <font style="display:inline;">WHEREAS, following the Closing on November 1, 2017, &nbsp;pursuant to that certain Contribution Agreement (the &#x201C;</font><font style="display:inline;text-decoration:underline;">Contribution Agreement</font><font style="display:inline;">&#x201D;), dated November 1, 2017, by and among the Managing Member, &nbsp;Rockwater Sub, SES Sub A, LLC, a Delaware limited liability company and a wholly owned subsidiary of the Managing Member (&#x201C;</font><font style="display:inline;text-decoration:underline;">Sub A</font><font style="display:inline;">&#x201D;), SES Sub B, LLC, a Delaware limited liability company and a wholly owned subsidiary of the Managing Member (&#x201C;</font><font style="display:inline;text-decoration:underline;">Sub B</font><font style="display:inline;">&#x201D;), SES Sub C, LLC, a Delaware limited liability company and a wholly owned subsidiary of the Managing Member (&#x201C;</font><font style="di