SMART SAND, INC. (NASDAQ:SND) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01. Entry into a Material Definitive Agreement.

On March 8, 2017, Smart Sand, Inc. (the “Company”) entered into a multi-year Master Product Purchase Agreement (the “PPA”) with Liberty Oilfield Services, LLC (the “Buyer”) for finer mesh sands. We expect that the Buyer will begin purchasing frac sand under the PPA in May 2017. The PPA is structured as a take-or-pay agreement.

In connection with the PPA, on March 8, 2017, the Company also entered into a Railcar Usage Agreement with the Buyer (the “Railcar Usage Agreement”), to which the Buyer will borrow railcars from the Company to transport the purchased products.

The above summary does not purport to be complete descriptions of the PPA or the Railcar Usage Agreement and are qualified in their entirety by the contents of the PPA and Railcar Usage Agreement, copies of which will be filed as an exhibit to a subsequent filing with the U.S. Securities and Exchange Commission by the Company.

About SMART SAND, INC. (NASDAQ:SND)

Smart Sand, Inc. is a producer of Northern White raw frac sand. The Company sells its products primarily to oil and natural gas exploration and production companies, and oilfield service companies. The Company owns and operates a raw frac sand mine and related processing facility near Oakdale, Wisconsin, at which it has approximately 244 million tons of proven recoverable sand reserves and approximately 92 million tons of probable recoverable sand reserves as of December 31, 2015, respectively. Its Oakdale facility is situated on approximately 1,196 contiguous acres, with on-site processing and rail loading facilities. Its integrated Oakdale facility, with on-site rail infrastructure and wet and dry sand processing facilities, is served by two Class I rail lines. In addition to the Oakdale facility, it owns a second property in Jackson County, Wisconsin, which it calls the Hixton site. Its Hixton site consists of approximately 959 acres in Jackson County, Wisconsin.

SMART SAND, INC. (NASDAQ:SND) Recent Trading Information

SMART SAND, INC. (NASDAQ:SND) closed its last trading session down -0.43 at 13.33 with 778,324 shares trading hands.