9. Related Party Transactions The Company recognizes certain costs incurred in relation to transactions incurred in connection with the amended and restated administrative services agreement, dated May 17, 2017, between Solaris LLC and Solaris Energy Management, LLC, a company owned by William A. Zartler, the Chief Executive Officer and Chairman of the Board. These services include rent paid for office space, travel services, personnel, consulting and administrative costs. For the three months ended September 30, 2022 and 2021, Solaris LLC paid $0.2 and $0.3, respectively, for these services. For the nine months ended September 30, 2022 and 2021, Solaris LLC paid $0.7 and $0.6, respectively, for these services. As of September 30, 2022, and December 31, 2021, the Company included $0.1 and $0.1, respectively, in prepaid expenses and other current assets on the condensed consolidated balance sheets. Additionally, as of September 30, 2022 and December 31, 2021, the Company included $0.1 and $0.1, respectively, of accruals to related parties in accrued liabilities on the consolidated balance sheet. The Company has executed a guarantee of lease agreement with Solaris Energy Management, LLC, a related party of the Company, related to the rental of office space for the Company’s corporate headquarters. The total future guaranty under the guarantee of lease agreement with Solaris Energy Management, LLC is $3.9 as of September 30, 2022. As of September 30, 2022, THRC Holdings, LP, an entity managed by THRC Management, LLC (collectively “THRC”), held shares representing a 10.2% ownership of the Company’s Class A common stock and 6.9% total shares outstanding. THRC is affiliated with certain of the Company’s customers, including ProFrac Services, LLC (“ProFrac”) and certain of the Company’s suppliers including Automatize Logistics, LLC, IOT-EQ, LLC and Cisco Logistics, LLC (“Cisco”) (together the “THRC Affiliates”). For the three and nine months ended September 30, 2022, the Company recognized revenues related to our service offering provided to the THRC Affiliates of $2.9 and $13.6, respectively. Accounts receivable related to THRC Affiliates as of September 30, 2022 was $2.6. For the three and nine months ended September 30, 2022, the Company recognized cost of services provided by THRC Affiliates of $1.4 and $3.1, respectively. There was $0.1 accounts payable related to THRC Affiliates as of September 30, 2022. Solaris is the dedicated wellsite sand storage provider (“Services”) to certain THRC Affiliates. Solaris provides volume-based pricing for the Services and may be required to pay up to $4.0 in payments throughout a term ending in 2024, contingent upon the ability of these affiliates to meet minimum Services revenue thresholds. During the third quarter of 2022, Solaris paid $0.5 to THRC Affiliates related to these Services, which was recognized in revenues.
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