SEC Contract Filing

Filing Date: 2017-08-10

Document Content:
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<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>snd-ex102_175.htm
<DESCRIPTION>EX-10.2
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-family:Times New Roman;font-size:10pt;">&nbsp;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.2</p>
<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;;font-size:11pt;">&nbsp;</p>
<p style="text-align:center;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">FIRST AMENDMENT TO RAILCAR USAGE AGREEMENT</p>
<p style="text-align:justify;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:11pt;">&nbsp;</p>
<p style="text-align:justify;margin-bottom:11pt;margin-top:0pt;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><a name="_DV_M1"></a>This <font style="font-weight:bold;font-variant: small-caps;">First Amendment to Railcar Usage Agreement</font> (the &#8220;<font style="font-weight:bold;font-style:italic;">Amendment</font>&#8221;) is effective as of May 1, 2017 by and between Smart Sand, Inc., a Delaware corporation (&#8220;<font style="font-weight:bold;font-style:italic;">Smart Sand</font>&#8221;), and Liberty Oilfield Services, LLC, a Delaware limited liability company (&#8220;<font style="font-weight:bold;font-style:italic;">Buyer</font>&#8221;).</p>
<p style="text-align:center;margin-bottom:11pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:11pt;font-variant: small-caps;font-family:Times New Roman;font-style:normal;text-transform:none;"><a name="_DV_M2"></a>Recitals</p>
<p style="text-align:justify;margin-bottom:11pt;margin-top:0pt;text-indent:7.69%;font-size:11pt;font-variant: small-caps;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;"><a name="_DV_M3"></a>Whereas<font style="font-variant: normal;">, Smart Sand and Buyer have entered into a Railcar Usage Agreement, dated March 8, 2017 (the &#8220;</font><font style="font-weight:bold;font-style:italic;font-variant: normal;">Agreement</font><font style="font-variant: normal;">&#8221;);</font></p>
<p style="text-align:justify;margin-bottom:11pt;margin-top:0pt;text-indent:7.69%;font-size:11pt;font-variant: small-caps;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;"><a name="_DV_M4"></a>Whereas<font style="font-variant: normal;">, Smart Sand and Buyer desire to amend the Agreement to modify certain terms set forth therein; and</font></p>
<p style="text-align:justify;margin-bottom:11pt;margin-top:0pt;text-indent:7.69%;font-size:11pt;font-variant: small-caps;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;"><a name="_DV_M5"></a>Whereas<font style="font-variant: normal;">, pursuant to Section 15.1 of the Agreement, the Agreement may not be changed or amended except by a writing executed by both parties.</font></p>
<p style="text-align:justify;margin-bottom:11pt;margin-top:0pt;text-indent:7.69%;font-size:11pt;font-variant: small-caps;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;"><a name="_DV_M6"></a><a name="_DV_M8"></a>Now, Therefore<font style="font-variant: normal;">, in consideration of the foregoing recitals and the mutual promises set forth herein, sufficiency of which is acknowledged by the undersigned, Smart Sand and Buyer hereby agree as follows:</font></p>
<p style="text-align:justify;margin-bottom:11pt;margin-top:0pt;text-indent:7.69%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;"><a name="_DV_M9"></a>1.<font style="margin-left:36pt;"></font><font style="font-variant: small-caps;">Amendment to the Agreement</font>.<font style="font-weight:normal;">&nbsp;&nbsp;The Agreement shall be amended as follows:</font></p>
<p style="text-align:justify;margin-bottom:11pt;margin-top:0pt;text-indent:15.38%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">1.1<font style="font-weight:normal;margin-left:36pt;">Section A of the recitals shall be deleted in its entirety and replaced with the following:</font></p>
<p style="text-align:justify;margin-bottom:11pt;margin-top:0pt;margin-left:15.38%;margin-right:7.69%;text-indent:7.69%;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#8220;A.<font style="margin-left:36pt;">Smart Sand has agreed to sell to Borrower frac sand pursuant to a Master Pr</font>oduct Purchase Agreement, dated March 8, 2017, as subsequently amended on May 1, 2017 (as so amended, the &#8220;<font style="text-decoration:underline;">PPA</font>&#8221;) (all capitalized terms contained herein that are not defined shall have the meanings ascribed to such terms in the PPA), which frac sand shall be shipped from Smart Sand&#8217;s facility via railcar.&#8221;</p>
<p style="text-align:justify;margin-bottom:11pt;margin-top:0pt;text-indent:15.38%;font-weight:bold;font-size:11pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">1.2<font style="margin-left:36pt;"></font><font style="font-weight:normal;">Section B of the recitals shall be deleted in its entirety and replaced with the following:</font></p>
<p style="text-align:justify;margin-bottom:11pt;margin-top:0pt;margin-left:16.35%;margin-right:7.69%;text-indent:6.73%;font-size:11pt;font-family:Times New Roman;font-weight:normal;fon