Item 1.01 Entry into a Material Definitive Agreement
As previously disclosed, Trecora Resources (the "Company") has entered into a
Share Sale and Purchase Agreement, dated September 22, 2019 (as amended, the
"Purchase Agreement"), among the Company, Al Masane Al Kobra Mining Company, a
Saudi Arabian closed joint stock company ("AMAK"), and certain other existing
shareholders of AMAK (collectively, the "Purchasers") pursuant to which the
Company has agreed to sells its 33.3% equity interest in AMAK to the Purchasers
(the "Share Sale"). On January 16, 2020, the Company and the Purchasers entered
into a letter agreement (the "Amendment") providing for certain amendments to
the Purchase Agreement.
Pursuant to the Amendment, the Long Stop Date (as defined in the Purchase
Agreement) for completion of the Share Sale has been extended to March 31, 2020
to allow additional time for the parties to obtain certain required governmental
approvals. Under the Purchase Agreement, the Company has certain termination
rights if closing of the Share Sale does not occur on or before the Long Stop
Date. The Amendment also provides that, if closing of the Share Sale does not
occur on or before the extended Long Stop Date, and the Company determines in
its sole discretion to further extend such date, then an amount equal to 50% of
the approximately $3.5 million non-refundable deposit made by the Purchasers
under the Purchase Agreement will be forfeited to the Company as liquidated
damages and shall not be applied to the purchase price at closing of the Share
Sale.
The foregoing description does not purport to be complete and is subject to, and
qualified in its entirety by, the full text of the Amendment attached hereto as
Exhibit 2.1 and incorporated herein by reference.

Item 8.01 Other Events.

On January 21, 2020, the Company issued a press release announcing the Amendment. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.



(d) Exhibits

Exhibit No.                            Description of Exhibit
2.1               Letter Agreement, dated January 16, 2020, among the Company and
                the Purchasers
99.1              Press Release of the Company, dated January 21, 2020





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