Whereas Term. The first “WHEREAS” term of the License Agreement is hereby deleted in its entirety and replaced with the following:
Whereas, [[Smart Sand:Organization]] mines, processes and sells certain industrial sand products; and
WHEREAS, Landlord and Tenant desire to extend the Term of the Lease; and
Whereas, Borrower and Lender have agreed to amend certain provisions of the Agreement; and
WHEREAS, Employer and Employee desire to enter into a further amended Employment Agreement.
WHEREAS The parties entered into the Agreement as of May 16, 2014, and
WHEREAS, Landlord and Tenant desire to acknowledge and ratify their respective interest in the Lease; and
WHEREAS, Guarantor will directly and indirectly benefit from the Agreement and the transactions contemplated thereby; and
WHEREAS, Guarantor will directly and indirectly benefit from the Agreement and the transactions contemplated thereby; and
WHEREAS, Obligor is an indirect subsidiary of Guarantor;
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