Redemption Agreement, dated as of May 31, 2018, by and between Unimin Corporation and SCR-Sibelco NV

Exhibit 10.1

REDEMPTION AGREEMENT

This REDEMPTION AGREEMENT (this Agreement) dated as of May 31, 2018 by and between UNIMIN CORPORATION, a Delaware corporation (Unimin), and SCR-SIBELCO NV, a company incorporated under the laws of Belgium (Sibelco). Unimin and Sibelco are each referred to herein individually as a party and collectively as the parties.

WHEREAS, Unimin and Sibelco have entered into a business contribution agreement, dated as of May 31, 2018 (the Business Contribution Agreement) with Sibelco North America, Inc. (HPQ Co), 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

WHEREAS, 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.

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties, the parties hereby agree as follows:

Section 1. Definitions. As used in this Agreement, the terms set out below shall have the following meanings:

Section 2. Redemption. 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 Exhibit A.

Section 3. Consideration. 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 Exhibit B.

Section 4. Representations and Warranties. Each party represents and warrants to the other parties that it has all requisite corporate or equivalent power and authority to enter into this Agreement and to consummate the transactions contemplated hereby. The parties acknowledge and agree that this Agreement is made without any other representation or warranty.

Section 5. Closing. The Closing will be deemed to take place at the offices of Freshfields Bruckhaus Deringer US LLP, 601 Lexington Avenue, New York, NY 10022, immediately following execution of this Agreement, at which time the parties hereto shall make all the deliveries contemplated in this Agreement.

Section 6. Further Assurances. The parties hereby covenant, at any time and from time to time after delivery of this instrument, at the other party’s request and without further consideration, to execute and deliver, or cause to be executed and delivered, all such further documents and instruments, and to take all such further actions as shall be necessary to carry out the intent of this Agreement.

Section 7. No Third-Party Beneficiaries. There are not any intended third-party beneficiaries of any provision of the Agreement.

Section 8. Amendments; No Waivers.

Section 9. Assignment. Neither this Agreement nor any of the rights, interests or obligations under this Agreement shall be assigned, in whole or in part, by operation of law or otherwise by either party without the prior written consent of the other party. Any purported assignment without such consent shall be void. This Agreement shall be binding upon, inure to the benefit of, and be enforceable by, the parties and their respective successors and assigns.

Section 10. Governing Law. This Agreement shall governed by, and construed in accordance with, the laws of the State of Delaware, regardless of the laws that might otherwise govern under applicable principles of the conflicts of laws thereof: provided, however, that the laws of the respective jurisdictions of incorporation of each of the parties hereto shall govern the relative rights, obligations, powers, duties and other internal affairs of such party and its board of directors.

Section 11. Captions. The captions herein are included for convenience of reference only and shall be ignored as in the construction or interpretation hereof.

Section 12. Severability. If any term, provision, covenant, restriction or other condition of this Agreement is held by a court of competent jurisdiction or other authority to be invalid, illegal or incapable of being enforced by any rule or law, or public policy, all other terms, provisions, covenants, restrictions and conditions of this Agreement shall nevertheless remain in full force and effect so long as the economic or legal substance of the transactions contemplated by this Agreement is not affected in any manner materially adverse to either party. Upon such a determination, the parties shall negotiate in good faith to modify this Agreement so as to affect the original intent of the parties as closely as possible in an acceptable manner to the end that the transactions contemplated by this Agreement are consummated to the extent possible.

Section 13. Counterparts. This Agreement may be executed in one or more counterparts, all of which shall be considered one and the same agreement and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other parties.

Section 14. Enforcement; Expenses of Litigation.

Section 15. WAIVER OF JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

Section 16. Entire Agreement. This Agreement constitutes the entire agreement between the parties with respect to the subject matter of this Agreement and supersedes all prior agreements and understandings, both oral and written, between the parties with respect to the subject matter of this Agreement.

Section 17. Specific Performance. The parties hereto agree that irreparable damage would occur if any provision of this Agreement were not performed in accordance with the terms hereof and that the parties shall be entitled to an injunction or injunctions to prevent breaches of this Agreement or to enforce specifically the performance of the terms and provisions hereof.

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and delivered by their authorized officer as of the date first above written.

Signature Page to HPQ Redemption Agreement

EXHIBIT A

STOCK POWER

FOR VALUE RECEIVED, SCR-Sibelco NV hereby sells, assigns and transfers unto Unimin Corporation 169,550 shares of the common stock, par value $1.00 (the Shares) of Unimin Corporation, a Delaware corporation (the Corporation), standing in its name on the books of the Corporation, and does hereby irrevocably constitute and appoint Freshfields Bruckhaus Deringer US LLP attorney to transfer the said Shares on the books of the Corporation maintained for that purpose, with full power of substitution in the premises.

Dated: May 31, 2018

Signature Page to HPQ Stock Power

EXHIBIT B

STOCK POWER

FOR VALUE RECEIVED, Unimin Corporation hereby sells, assigns and transfers unto SCR-Sibelco NV 1,000 shares of the common stock, par value $0.01 (the Shares) of Sibelco North America, Inc., a Delaware corporation (the Corporation), standing in its name on the books of the Corporation, and does hereby irrevocably constitute and appoint Freshfields Bruckhaus Deringer US LLP attorney to transfer the said Shares on the books of the Corporation maintained for that purpose, with full power of substitution in the premises.

Dated: May 31, 2018

Signature Page to HPQ Stock Power