SEC Contract Filing

Filing Date: 2018-06-06

Document Content:
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<TYPE>EX-10.1
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<DESCRIPTION>EX-10.1
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="right"><B>Exhibit 10.1 </B></P>
<P STYLE="margin-top:24pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>REDEMPTION AGREEMENT </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">This <B>REDEMPTION
AGREEMENT</B> (this <B><I>Agreement</I></B>) dated as of May&nbsp;31, 2018 by and between <B>UNIMIN CORPORATION</B>, a Delaware corporation (<B><I>Unimin</I></B>), and <B><FONT STYLE="white-space:nowrap">SCR-SIBELCO</FONT> NV</B>, a company
incorporated under the laws of Belgium (<B><I>Sibelco</I></B>). Unimin and Sibelco are each referred to herein individually as a <B><I>party</I></B> and collectively as the <B><I>parties</I></B>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, Unimin and Sibelco have entered into a business contribution agreement, dated as of May&nbsp;31, 2018 (the <B><I>Business Contribution
Agreement</I></B>) with Sibelco North America, Inc. (<B><I>HPQ Co</I></B>), pursuant to which Unimin conveyed and contributed certain assets to HPQ Co solely in exchange for 999 shares of common stock, par value $0.01 per share, of HPQ Co, and the
assumption of certain liabilities relating to such assets, on the terms and subject to the conditions set forth in the Business Contribution Agreement; and<B> </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>WHEREAS</B>, pursuant to the Business Contribution Agreement, Unimin now desires to sell the HPQ Co Shares solely in exchange for the redemption of certain
shares of common stock of Unimin held by Sibelco, on the terms and conditions set forth below.<B> </B></P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>NOW THEREFORE</B>, for good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged by the parties, the parties hereby agree as follows: <B> </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;1. Definitions</B>. As used in this Agreement, the terms set out below shall have the following meanings: </P>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">(a)<B><I></I></B></TD>
<TD ALIGN="left" VALIGN="top"><B><I>Closing</I></B> shall mean the consummation of the Redemption. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">(b)</TD>
<TD ALIGN="left" VALIGN="top"><B><I>HPQ Co Shares</I></B> shall mean one thousand (1,000) shares of common stock of HPQ Co, par value $0.01 per share. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">(c)</TD>
<TD ALIGN="left" VALIGN="top"><B><I>Person</I></B> shall mean any individual, corporation, firm, partnership, joint venture or other entity. </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">(d)</TD>
<TD ALIGN="left" VALIGN="top"><B><I>Redemption</I></B> shall mean the redemption of the Unimin Shares acquired by Unimin from Sibelco, as contemplated by Section&nbsp;2 of this Agreement. </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="4%" VALIGN="top" ALIGN="left">(e)</TD>
<TD ALIGN="left" VALIGN="top"><B><I>Unimin Shares</I></B> shall mean one hundred sixty-nine thousand and five hundred fifty (169,550) shares of common stock of Unimin, par value $1.00 per share, owned by the Sibelco. </TD></TR></TABLE>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;2. Redemption</B>. Unimin hereby agrees to redeem the Unimin Shares owned by Sibelco and, in consideration therefor, Sibelco
hereby agrees to assign, transfer and convey the Unimin Shares to Unimin by duly executing and delivering to Unimin a stock power substantially in the form attached hereto as <U>Exhibit A</U>. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Section</B><B></B><B>&nbsp;3. Consideration</B>. In consideration of the Redemption, Unimin hereby agrees to assign, transfer and convey the HPQ Co Shares,
being all of the outstanding shares of common stock of HPQ Co, to Sibelco by duly executing and delivering to Sibelco a stock power substantially in the form attached hereto as <U>Exhibit B</U>. </P>

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