Document:

EX-10.22

 Exhibit 10.22 

GE HealthCare US Executive Severance Plan 
 Section
I.    Purpose and Effective Date 
 GE Healthcare Holding LLC or its successor (“GE HealthCare”) maintains the GE
HealthCare US Executive Severance Plan (the “Plan”), effective as of the effective date of the spin-off of GE HealthCare by General Electric Company (the “Effective Date”), which provides
severance benefits under specified conditions to Executives who experience a Qualifying Termination on or after the Effective Date. The Plan is an unfunded plan maintained primarily for the purpose of providing severance benefits to a select group
of management and highly compensated employees of GE HealthCare and Participating Affiliates. The Plan shall be interpreted and administered consistently with the intent to be a “top hat” plan that is not subject to various provisions of
ERISA. All capitalized terms are defined below or in Section VII. 
 Section II.    Qualifying Termination 

A “Qualifying Termination” occurs when the Plan Administrator determines in its sole discretion that one of the following events occurred: 

 

	(a)	 The Executive’s position is being eliminated (and not replaced) and the Executive is not offered a
Suitable Position; 

  

	(b)	 The Executive’s employment is being terminated in connection with a Participating Employer-initiated
separation which is not for Cause and the Executive is not offered a Suitable Position; or 

  

	(c)	 The Executive receives written notice from the Participating Employer that the Executive’s position is
being changed (for reasons other than Cause) in such a way that it would no longer be a Suitable Position, and the Executive terminates employment with the Company within 30 days following written notification of such change. 

However, a Qualifying Termination shall not include a termination of employment for Cause or on account of voluntary resignation, death or disability, or any
termination of employment prior to the Effective Date. 
 A “Suitable Position” means either: 

 

	(a)	 a continued position with a successor employer in a business disposition or a third party in an outsourcing
arrangement that provides a combined base salary and annual incentive award opportunity which is at least 80% of the Executive’s combined base salary and annual incentive award opportunity immediately prior to the Executive’s termination
of employment with the Company (even if a different pay mix and/or other conditions and objectives apply to the role); or 

	(b)	 a position with the Company that: 

 

	 	(1)	 is within the same career band the Executive held immediately prior to the Executive’s termination of
employment; 

  

	 	(2)	 is within 50 miles of the Executive’s official job location (as assigned by the Participating Employer)
immediately prior to the Executive’s termination of employment; and 

  

	 	(3)	 would not result in more than a 20% decrease in the Executive’s combined base salary and annual incentive
award opportunity compared to the Executive’s combined base salary and annual incentive award opportunity immediately prior to the Executive’s termination of employment. 

Section III.    Additional Conditions 

Any benefit under this Plan shall be conferred via a separation agreement executed by the Executive, and shall be contingent upon the Executive signing, not
revoking, and complying with the terms of such agreement which will include a release and waiver of claims (the “Release”) and which may include, among other things and where legally permissible, confidentiality, cooperation, non-competition, non-solicitation and/or non-disparagement requirements. If the separation agreement (including the Release) is not
executed in a form acceptable to the Plan Sponsor by the deadline established by the Plan Sponsor (which shall be no later than 45 days following the effective date of the Qualifying Termination), or is revoked or breached, no benefit shall be
payable under the Plan. To the extent the express terms of a separation agreement conflict with the terms of this Plan, the terms of this Plan shall prevail. For the avoidance of doubt, silence in the separation agreement shall not constitute a
conflict with the Plan terms. 
 If the Plan Administrator determines in its sole discretion that an Executive has engaged in conduct that
(a) constitutes a breach of the separation agreement (including the Release), (b) results in (or has the potential to cause) material harm financially, reputationally, or otherwise to the Company or (c) occurred prior to the Qualifying
Termination and would give rise to a termination for Cause (regardless of whether such conduct is discovered before, during or after the Qualifying Termination), the Executive shall forfeit the right to any unpaid benefit under this Plan and may be
required to repay any amounts previously paid under the Plan to the extent recovery is permitted by law. 
 This remedy is not exclusive and shall not limit
any right of the Company under applicable law, including (but not limited to) a remedy under (a) Section 10D of the Securities Exchange Act of 1934, as amended, (b) any applicable rules or regulations promulgated by the Securities and
Exchange Commission or any national securities exchange or national securities association on which shares of the Company may be traded, and/or (c) any Company policy adopted with respect to compensation recoupment. 

  
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 Section IV.    Amount and Form of Payment 

An Executive who meets the requirements of Sections I, II and III shall be paid a lump sum within 60 days following the effective date of the Qualifying
Termination equal to: 
  

	(a)	 6 months of Base Salary if the Executive is an Executive Band Employee immediately prior to the Qualifying
Termination; 

  

	(b)	 9 months of Base Salary if the Executive is an Executive Director or Senior Executive Director immediately
prior to the Qualifying Termination; 

  

	(c)	 12 months of Base Salary if the Executive is a Vice President or Group Vice President immediately prior to the
Qualifying Termination; or 

  

	(d)	 18 months of Base Salary if the Executive is a (i) Vice President or Group Vice President reporting
directly to the Chief Executive Officer of GE HealthCare or (ii) a Senior Vice President (and above), in each case immediately prior to the Qualifying Termination. 

The above classifications are determined by GE HealthCare based on its career bands, and not those assigned by an Affiliate. 

The lump sum payment pursuant to this Section IV shall be subject to applicable withholdings and deductions, as well as the offsets described in
Section VI. 
 Section V.    Outplacement Services 

An Executive who meets the requirements of Sections I, II and III shall also be eligible for outplacement services through a nationally recognized outplacement
firm selected by the Plan Sponsor. To receive these outplacement services, the Executive must enroll in such services in accordance with procedures established by the Plan Sponsor and within 30 days following the effective date of the Qualifying
Termination. Executives who enroll shall receive outplacement services for the number of months of Base Salary paid pursuant to Section IV; provided, however, that such services shall cease upon the Executive obtaining subsequent employment.
Executives are required to notify the Participating Employer immediately upon obtaining subsequent employment. 
 Section
VI.    Offset and Rehire Rules 
 To the extent the Executive is vested in a GE HealthCare Supplementary Pension, Executive
Retirement Benefit or equivalent payments, the amount of any lump sum payment described in Section IV shall be reduced by the Executive’s estimated monthly benefit payable during the same number of months following the Qualifying Termination
that apply under Section IV. For this purpose, the Executive’s estimated monthly benefit is determined (a) during the week prior to the Executive’s written notification of the Qualifying Termination, (b) applying the five-year
certain benefit for GE HealthCare Supplementary Pension and 1/12th of the annual Executive Retirement Benefit, and (c) disregarding any delay required by Section 409A of the Code. 

  
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 In addition, the Special Early Retirement Option Offset required by the GE HealthCare Pension Plan shall
apply to the extent the Executive qualifies for and elects the Special Early Retirement Option or Plant Closing Pension Option under the GE HealthCare Pension Plan. 

In the event the Executive is rehired by the Company before the period of time for which Base Salary was paid under Section IV has expired, the Executive
shall repay the portion of the lump sum attributable to the period of time during which the Executive is reemployed in accordance with procedures established by the Plan Administrator.     

Section VII.    Definitions 
  

	(a)	 “Affiliate” means any company or business entity connected to the Plan Sponsor by a direct or
indirect 50% or more interest, whether or not a Participating Affiliate. 

  

	(b)	 “Base Salary” means an Executive’s salary rate (excluding bonuses, commissions or other
compensation) in effect immediately prior to the Qualifying Termination. 

  

	(c)	 “Cause” means, as determined in the sole discretion of the Plan Administrator, an Executive’s:

  

	 	(1)	 breach of the Employee Innovation and Proprietary Information Agreement or any other confidentiality, non-solicitation, or non-competition agreement with the Company or breach of a material term of any other agreement between the Executive and the Company;

  

	 	(2)	 engagement in conduct that results in, or has the potential to cause, material harm financially,
reputationally, or otherwise to the Company; 

  

	 	(3)	 commission of an act of dishonesty, fraud, embezzlement or theft; 

 

	 	(4)	 conviction of, or plea of guilty or no contest to, a felony or crime involving moral turpitude; or

  

	 	(5)	 failure to comply with the Company’s policies and procedures, including but not limited to The Spirit and
Letter. 

  

	(d)	 “Code” means the Internal Revenue Code of 1986, as amended. 

 

	(e)	 “Company” means GE HealthCare or any Affiliate. 

 

	(f)	 “Executive” means an Employee who is (1) assigned by GE HealthCare to the GE HealthCare
executive or higher career band and (2) not covered by an employment or other agreement with the Company that provides other severance 

  
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or similar benefits. An Executive shall not be eligible for severance or similar benefits under the GE HealthCare Layoff Benefit Plan for Salaried Employees, the GE HealthCare Layoff Benefit Plan
for Certain GE HealthCare Affiliates, or any other plan or program sponsored by the Company that provides for severance or similar benefits. 

  

	(g)	 “Employee” means a common law U.S. employee of the Participating Employer (including such an employee
on a bona fide leave of absence). If the Plan Administrator or a Participating Employer determines that an individual is not an “employee,” the individual will not be eligible to participate in the Plan, regardless of whether the
determination is subsequently upheld by a court or tax or regulatory authority having jurisdiction over such matters or whether the individual is subsequently treated or classified as an employee for certain specified purposes. Any change to an
individual’s status by reason of such reclassification or subsequent treatment will apply prospectively only. 

  

	(h)	 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

 

	(i)	 “GE HealthCare” means GE Healthcare Holding LLC or its successor. 

 

	(j)	 “Participating Affiliate” means an Affiliate whose participation in the Plan is approved by the
Pension Board, whose members are appointed by the Board of Directors of GE HealthCare. 

  

	(k)	 “Participating Employer” means GE or a Participating Affiliate. 

 

	(l)	 “Plan Administrator” means the Pension Board committee designated by the Board of Directors of GE
HealthCare, or its designee or delegate. 

  

	(m)	 “Plan Sponsor” means GE HealthCare. 

 

	(n)	 “Special Early Retirement Option Offset” shall have the meaning set forth in the GE HealthCare
Pension Plan. 

 Section VIII.    Other 

 

	(a)	 Payments made under this Plan shall not be treated as eligible “compensation” for purposes of the GE
HealthCare Retirement Savings Plan, the GE HealthCare Pension Plan, or any other retirement, savings or similar plan of the Company. 

  

	(b)	 If the Company determines that an Executive is indebted to it on the effective date of the Qualifying
Termination, including by reason of breaching a commitment to the Company, the Company reserves the right to offset the payment of any benefits under the Plan by the amount of such indebtedness, as determined by the Plan Administrator. Such offset
will be made in accordance with all applicable laws (including the intent not to trigger taxes under Section 409A of the Code). 

  
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	(c)	 No amount payable at any time under this Plan shall be subject in any manner to alienation, sale, transfer,
assignment, pledge or encumbrance of any kind (except as described in subsection (b) above). Any attempt to alienate, sell, transfer, assign, pledge, commute, anticipate, mortgage or otherwise encumber, transfer, hypothecate or convey any such
benefit, whether presently or subsequently payable, shall be void. Except as required by law or as described in Section XI, no benefit payable under this Plan shall, prior to actual payment, in any manner be subject to seizure, garnishment,
attachment, execution, sequestration or other legal process for the payment of any debts, judgments, alimony, separate maintenance or liability of any Executive, or be transferrable by operation of law in the event of an Executive’s or any
other person’s bankruptcy or insolvency. 

  

	(d)	 The Plan Administrator is authorized to comply with any court order in any action in which the Plan or the Plan
Administrator has been named as a party, including any action involving a determination of the rights or interests in an Employee’s benefits under the Plan. 

 

	(e)	 This Plan does not provide any individual a right to continue employment with the Company, nor does it affect
the Company’s right to terminate the employment of any individual at any time for any reason with or without Cause. 

  

	(f)	 Except to the extent preempted by ERISA or otherwise governed by federal law, the laws of the State of New York
shall govern the construction and interpretation of the Plan, without regard to conflicts of law provisions therein. 

  

	(g)	 Benefits provided under this Plan are unfunded and unsecured obligations of the Participating Employer payable
from its general assets. 

  

	(h)	 Each Executive shall cooperate with the Plan Administrator by furnishing any and all information requested by
the Plan Administrator and take such other actions as may be requested in order to facilitate the administration of the Plan and the payment of benefits hereunder. 

 

	(i)	 This Plan contains a complete statement of its terms. The Plan may be amended, suspended or terminated only in
writing and then only as provided in Section IX. The legal or equitable rights or interests of any person in this Plan, and the Participating Employer’s obligations or liabilities therefor, shall be exclusively determined by the express
provisions of the Plan. 

  

	(j)	 If any provision of the Plan shall be held unlawful or otherwise invalid or unenforceable in whole or in part,
the unlawfulness, invalidity, or unenforceability shall not affect any other provision of the Plan, each of which shall remain in full force and effect. 

  

	(k)	 If a severance benefit is paid to an Executive and the Company or Plan Administrator determines that all or
part of such payment was not owed under the terms of the Plan, the Company reserves the right to recover such payment, including deducting such amounts from any sums due the Executive. 

  
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 Section IX.    Amendment or Termination 

The Plan may be amended or terminated by the Board of Directors of GE HealthCare or its designee, at any time and for any reason, in its sole discretion and
with the result that benefits under the Plan may be changed or discontinued, retroactively or prospectively.  
 Section
X.    Administration 
 Except as otherwise expressly provided in the Plan, the management and control of the operation and
administration of the Plan shall be vested in the Plan Administrator. The Plan Administrator has sole discretion to make all determinations with respect to eligibility and benefits under the Plan and such determinations shall be final and binding.

 No liability shall attach to or be incurred by the stockholders, officers, directors or employees of the Company, in whatever capacity, under or by
reason of the terms, conditions or agreements contained in the Plan or any law, rule or regulation, or for acts or decisions taken or omitted by any of them thereunder. 

The Plan Administrator may, from time to time, employ agents and delegate to them such administrative duties as it sees fit. In accordance with its charter,
the Plan Administrator may also delegate to other persons or other entities any or all of its authority, responsibilities, obligations and duties with respect to the Plan. If the Company, Plan Administrator, or other plan fiduciary (an
“Advisee”) engages attorneys, accountants, actuaries, consultants, and other service providers (an “Advisor”) to advise them on issues related to a Plan or the Advisee’s responsibilities under the Plan: 

 

	(a)	 The Advisor’s client is the Advisee and not any employee, participant, dependent, beneficiary, claimant,
or other person; 

  

	(b)	 The Advisee will be entitled to preserve the attorney-client privilege and any other privilege accorded to
communications with the Advisor, and all other rights to maintain confidentiality, to the full extent permitted by law; and 

  

	(c)	 No employee, participant, dependent, beneficiary, claimant or other person will be permitted to review any
communication between the Advisee and any of the Advisee’s Advisors with respect to whom a privilege applies, unless mandated by a court order. 

Section XI.    Taxation and Section 409A 

All payments and benefits under the Plan are subject to all applicable deductions and withholdings, including obligations to withhold federal, state and local
income and 

  
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employment taxes. Each recipient of benefits under the Plan (and not the Company) shall be solely responsible for the recipient’s own tax liability with respect to such benefits (including
imputed income), without regard to the amount withheld or reported to the Internal Revenue Service. The amount withheld shall be determined by the Company. Nothing in this Plan shall be interpreted or construed to transfer any liability for any tax
(including a tax or penalty due as a result of a failure to comply with Section 409A of the Code) from any Executive or an Executive’s spouse, beneficiary, or estate to any other individual or entity. 

The Plan shall be construed and administered consistently with the intent that payments under the Plan be exempt from the requirements of Section 409A of
the Code (“Section 409A”) (i.e., applying the “short-term deferral” rule described in Treas. Reg. § 1.409A-1(b)(4), the “two-year, two-time” rule described in Treas. Reg. § 1.409A-1(b)(9) and/or another exemption). To the extent Section 409A applies, the Plan shall be construed and
administered consistently with the requirements thereof to avoid taxes thereunder. 
 Consistent therewith, where the Plan specifies a window during which a
payment may be made, the payment date within such window shall be determined by the Plan Sponsor in its sole discretion. Furthermore, any installment in any series of payments shall be treated as a separate payment. 

To the extent that Section 409A applies: 
  

	(a)	 Payment of the lump sum benefit described in Section IV shall occur on the 60th day following the
Executive’s Qualifying Termination; 

  

	(b)	 The effective date of an Executive’s Qualifying Termination shall be the date the Executive actually
incurs a “separation from service” within the meaning of Section 409A and the regulations and other guidance issued thereunder, as determined by the Plan Administrator; 

 

	(c)	 If, upon separation from service, an Executive is a “specified employee” within the meaning of
Section 409A, any payment under this Plan that is subject to Section 409A and would otherwise be paid within six months after the Executive’s separation from service will instead be paid in the seventh month following the
Executive’s separation from service; and 

  

	(d)	 If the period during which an Executive has discretion to execute or revoke the separation agreement (including
the Release) described in Section III straddles two calendar years, the Plan Sponsor shall make payments conditioned on execution of such separation agreement no earlier than January 1st of the second calendar year, regardless of which year the
separation agreement becomes effective. 

 Section XII.    Claims and Appeals 

The provisions of this Section XII shall apply to any claim for a benefit under the Plan, regardless of the basis asserted for the claim and regardless of when
the act or 

  
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omission upon which the claim is based occurred. Any such claim shall be addressed through the claims and appeals process described in the handbook summary for this Plan, and no such claim may be
filed in court, arbitration, or similar proceeding before the claimant has exhausted that process. Such process is intended to comply with Section 503 of ERISA and shall be administered and interpreted in a manner consistent with such intent.

 The claims administrator shall be the Pension Board, a committee whose members are appointed by the Board of Directors, or its designee or delegate. 

Section XIII.    Limitations Period 
  

	(a)	 Any claim (1) for benefits; (2) to enforce rights under the Plan; or (3) otherwise seeking a
remedy or judgment of any kind against the Plan, the Plan Administrator or the Company must be filed within the limitations period prescribed by this Section XIII (and subsequent to exhaustion as described in Section XII).

  

	(b)	 The limitations period shall begin on the following date: 

 

	 	(1)	 For a claim for benefits, the earliest of: (i) the date the first benefit payment was actually made or
allegedly due, or (ii) the date the Plan, the Plan Administrator or the Company first repudiated the alleged obligation to provide such benefits, regardless of whether such repudiation occurred during administrative review pursuant to Section
XII. A repudiation described in clause (ii) may be made in the form of a direct communication to the employee or a more general oral or written communication related to benefits payable under the Plan (for example, a summary of the Plan or an
amendment to the Plan); 

  

	 	(2)	 For a claim to enforce an alleged right under the Plan (other than a right to benefits), the date the Plan
first denied the request made on behalf of the employee to exercise such right, regardless of whether such denial occurred during administrative review pursuant to Section XII; or 

 

	 	(3)	 For any claim otherwise seeking a remedy or judgment of any kind against the Plan, the Plan Administrator or
the Company, the earliest date on which the employee knew or should have known of the material facts on which such claim or action is based, regardless of whether the employee was aware of the legal theory underlying the claim.

  

	(c)	 The limitations period shall end on the first anniversary of the beginning date described in Section XIII(b);
provided, however, that if a request for administrative review pursuant to Section XII is pending at such time, the limitations period shall be extended to end on the date that is 60 days after the final denial of such claim on administrative
review. 

  
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	(d)	 The limitations period described in this Section XIII replaces and supersedes any limitations period that
otherwise might be deemed applicable under state or federal law in the absence of this Section XIII. A claim filed after the expiration of the limitations period shall be deemed time-barred, except that the Plan Administrator shall have discretion
to extend the limitations period upon a showing of exceptional circumstances that, in the opinion of the Plan Administrator, provide good cause for an extension. The exercise of this discretion is committed solely to the Plan Administrator and is
not subject to review. 

  

	(e)	 In the event of any claim brought by or on behalf of two or more employees, the requirements of this Section
XIII shall apply separately with respect to each employee. 

  
 10EX-10.1

 Exhibit 10.1 

MASTER REORGANIZATION AGREEMENT 

This Master Reorganization Agreement (this “Agreement”), dated as of November 1, 2022 (the “Effective
Date”), is entered into by and among ProFrac Manufacturing, LLC, a Texas limited liability company (“ProFrac Manufacturing”), ProFrac Services, LLC, a Texas limited liability company (“ProFrac
Services”), U.S. Well Services Holdings, LLC, a Delaware limited liability company (“U.S. Well Services Holdings”), USWS Holdings LLC, a Delaware limited liability company (“USWS
Holdings”), U.S. Well Services, LLC, a Delaware limited liability company (“U.S. Well Services”), USWS Fleet 10, LLC, a Delaware limited liability company (“USWS Fleet 10”), and USWS Fleet
11, LLC, a Delaware limited liability company (“USWS Fleet 11”). Each of ProFrac Manufacturing, ProFrac Services, U.S. Well Services Holdings, USWS Holdings, U.S. Well Services, USWS Fleet 10, and USWS Fleet 11 is
individually referred to herein as a “Party” and collectively as the “Parties.” 

RECITALS 
 WHEREAS,
on June 21, 2022, U.S. Well Services, Inc., ProFrac Holdings, Inc. (“Parent”) and Thunderclap Merger Sub I, Inc., an indirect subsidiary of Parent (“Merger Sub”) entered into that certain an
Agreement and Plan of Merger (the “Merger Agreement”), pursuant to which U.S. Well Services, Inc. would merge with and the Merger Sub with U.S. Well Services, Inc. surviving the merger as the surviving corporation and wholly
owned by Thunderclap Intermediate, Inc. (“Intermediate”), an indirect subsidiary of Parent (the “Merger”); 

WHEREAS, on November 1, 2022, the Merger was consummated and promptly thereafter, U.S. Well Services, Inc. converted from a
Delaware corporation into U.S. Well Services Holdings pursuant to a certificate of conversion and accompanying Certificate of Formation filed with the State of Delaware on November 1, 2022 (the “Certificate”) in
accordance with provisions of the Delaware Limited Liability Company Act (the “Conversion”); 
 WHEREAS,
immediately following the Conversion, Intermediate contributed all of the limited liability company interests in U.S. Well Services Holdings to ProFrac Holdings, LLC (“ProFrac Holdings”), a subsidiary of Parent (the
“Initial Transfer”); 
 WHEREAS, immediately following the Initial Transfer, ProFrac Holdings contributed all
of the limited liability company interests in U.S. Well Services Holdings to ProFrac Holdings II, LLC, a wholly owned subsidiary of ProFrac Holdings (the “Secondary Transfer”); 

WHEREAS, following the Secondary Transfer, the Parties desire to enter into this Agreement to accomplish the reorganization of certain
assets and liability among the related Parties. 
 NOW, THEREFORE, in consideration of the foregoing and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, and intending to be legally bound hereby, the Parties hereby agree as follows: 

  
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 ARTICLE 1 

REORGANIZATION TRANSACTIONS 

Section 1.1    Assets and Liabilities Contribution. 

(a)    Effective as of immediately following the Secondary Transfer, U.S. Well Services Holdings, USWS Holdings, U.S. Well
Services, USWS Fleet 10, and USWS Fleet 11 (each a “USWS Member” and collectively “USWS”), shall and does hereby transfer and assign all right, title and interest in the assets of USWS, with the
exception of those contracts discussed in Section 1.1(b), and those certain assets, liabilities, contracts, and rights discussed in Section 1.1(c), to ProFrac Manufacturing, and ProFrac Manufacturing shall and does hereby accept such
transfer and assignment and undertake to perform and discharge any and all of the obligations associated therewith from and after such transfer and assignment that are attributable to the assets of USWS being contributed under this
Section 1.1(a). 
 (b)    Additionally, each USWS Member shall and does hereby transfer and
assign all right, title and interest in the contracts of each such USWS Member, with the exception those assets discussed in Section 1.1(a), and those assets, liabilities, contracts, and rights discussed in Section 1.1(c), to ProFrac
Services, and ProFrac Services shall and does hereby accept such transfer and assignment and assumes and undertakes to perform and discharge any and all of the obligations associated therewith from and after such transfer that are attributable to
the contracts of USWS being contributed under this Section 1.1(b). Notwithstanding the foregoing or anything to the contrary herein, in the event that the transfer of any contract of any USWS Member requires the consent of
the counter parties thereto prior to such transfer or would otherwise cause a default under, acceleration of rights or violation of such contract (each a “Restricted Contract”), such Restricted Contract shall not be
transferred or assumed pursuant to the terms hereof until such time as the applicable USWS Member(s) has received the consent of the counterparties thereto or the applicable USWS Member(s) and ProFrac Services have otherwise agreed in writing to
transfer such contract. 
 (c)    Specifically excluded from the contributions described in
Section 1.1(a) and Section 1.1(b), are the assets, liabilities, contracts, and rights listed in Exhibit A to this Agreement, which such assets, liabilities, contracts and/or rights hereby
remain with the subject USWS entity or entities unless the Parties otherwise agree in writing to subject any of the assets, liabilities, contracts or rights listed in Exhibit A to the provisions of Section 1.1(a) or 1.1(b) of this
Agreement. 
 ARTICLE 2 

REPRESENTATIONS AND WARRANTIES 

Section 2.1    Representations and Warranties of All Parties. Each Party
hereby, severally and not jointly with any other Party, represents and warrants to the other Parties as follows: 

(a)    Authority. Such Party has the requisite power and authority to enter into this Agreement, to perform its
obligations hereunder and to consummate the transactions contemplated hereby. The execution of this Agreement and the consummation of the transactions contemplated 

  
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hereby have been duly and validly authorized by all required action on the part of such Party, and no other proceedings on the part of the Party are necessary to authorize this Agreement or the
consummation of the transactions contemplated hereby. 
 (b)    Binding Effect. This Agreement has been duly
executed and delivered by such Party, and assuming the due authorization, execution and delivery of this Agreement by the other Parties, this Agreement constitutes a legal, valid and binding obligation of such Party, enforceable against such Party
in accordance with its terms. 
 (c)    Non-Contravention. The execution,
delivery and performance of this Agreement and the consummation of the transactions contemplated hereby, do not and will not (i), if such Party is an entity, violate, conflict with or result in any breach of any provision of the organizational
documents of the Party or (ii) violate any applicable law. 
 (d)    Title To Purchased Assets/Assigned
Contracts. 
  

	 	(i)	 If the Party is a Party transferring or assigning any of the assets, such Party owns or has the exclusive right
to the applicable assets free and clear of all liens, encumbrances, security interests, equities, charges or claims. 

  

	 	(ii)	 Each contract transferred and assigned hereby is valid and binding on, and enforceable against, the
transferring USWS Member and each other party thereto in accordance with its terms and is in full force and effect. 

(e)    Bankruptcy. There are no bankruptcy, reorganization, receivership or other insolvency type proceedings
pending, being contemplated by or, to such Party’s knowledge, threatened against such Party. 

(f)    Litigation. No suit, action or litigation by any person by or before any tribunal or governmental authority
is pending or, to such Party’s knowledge, threatened against such Party or its affiliates that would, individually or in the aggregate, reasonably be expected to have a material adverse effect upon the ability of such Party to perform its
obligations hereunder or consummate the transactions contemplated hereby. 
 ARTICLE 3 

MISCELLANEOUS 

Section 3.1    Headings; References; Interpretation. The heading references herein
are for convenience purposes only, do not constitute a part of this Agreement, and shall not be deemed to limit or affect any of the provisions hereof. References to “Articles,” “Sections” or “Exhibits” means the
Articles, Sections or Exhibits to this Agreement, as the case may be, except as may be otherwise specified. The Exhibits referred to herein shall be construed with, and as an integral part of, this Agreement to the same extent as if they were set
forth verbatim herein. As used in this Agreement, (i) the words “hereof,” “herein,” “hereby,” “hereto” and “hereunder” and words of similar import refer to this Agreement as a whole and not to
any particular provision of this Agreement, (ii) the word “including,” and words of similar import, means “including, but not 

  
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limited to” and “including, without limitation,” (iii) the word “will” shall be construed to have the same meaning and effect as the word “shall,” (iv) the word
“or” is not exclusive, and (v) the word “extent” in the phrase “to the extent” means the degree to which a subject or other thing extends, and such phrase shall not mean simply “if”. 

Section 3.2    Consents. To the extent required under law or the governing
documents of any of the Parties, the Parties acknowledge that this Agreement constitutes the written consent of the relevant Parties to each of the agreements and transactions contemplated by this Agreement, including by each of the Parties in its
capacity as an equity holder of any other Party. 
 Section 3.3    Further
Assurances. From time to time after the Effective Date, and without any further consideration, the Parties agree to execute and deliver such documents, instruments and assurances of transfer, conveyance, assignment and assumption, and take
such further actions as may reasonably be necessary or desirable to carry out and effectuate the provisions of this Agreement. 

Section 3.4    Successors and Assigns; No Third Party Rights. This Agreement shall
be binding upon and inure to the benefit of the Parties and their respective successors and assigns. This Agreement is not intended to, and does not, create rights in any other person, and no person is or is intended to be a third-party beneficiary
of any of the provisions of this Agreement. 
 Section 3.5    Non-Recourse and Limitation of Liability. This Agreement shall be enforceable only against, and any action, liability, suit or proceeding based upon, arising under, out of or in connection with, or related
in any manner to this Agreement or the transactions contemplated hereby shall be brought only against the Parties, and then only with respect to the specific obligations set forth in this Agreement applicable to such Party. No person or entity that
is not a Party, including any past, present or future representative or affiliate of a Party or any affiliate of any of the foregoing (each, a “Nonparty Affiliate”), shall have any liability (whether in contract, tort, strict
liability, at law, in equity or otherwise) for any actions, liabilities or other obligations arising under, out of or in connection with, or related in any manner to this Agreement or the transactions contemplated hereby. To the extent permitted by
applicable law, each Party hereby (a) waives and releases all such actions, liabilities and other obligations against any such Nonparty Affiliates, (b) waives and releases any and all actions, liabilities, rights, remedies or demands that
may otherwise be available to avoid or disregard the entity form of a Party or otherwise impose the liability of a Party on any Nonparty Affiliate, whether granted by law or based on theories of equity, agency, control, instrumentality, alter ego,
domination, sham, single business enterprise, piercing the veil, unfairness, undercapitalization or otherwise, and (c) disclaims any reliance upon any Nonparty Affiliates with respect to the performance of this Agreement and any representation
or warranty made in, in connection with or as an inducement hereto. 

Section 3.6    Amendment; Waiver. Any provision of this Agreement may be amended
or waived if, and only if, such amendment or waiver is in writing and, in the case of an amendment, signed by the Parties. No waiver by any Party of any of the provisions hereof shall be effective unless explicitly set forth in writing and signed by
the Party so waiving. No failure or delay by any Party in exercising any right, remedy, power or privilege arising hereunder shall operate or be construed as a waiver thereof nor shall any single or partial exercise thereof preclude any other or
further exercise thereof or the exercise of any other right, power or privilege. 

  
 4 

 Section 3.7    Entire Agreement.
This Agreement (including Exhibits) constitutes the entire agreement among the Parties with respect to the subject matter contained herein and therein and supersedes all prior and contemporaneous agreements and understandings, oral or written, with
respect to such subject matters. 
 Section 3.8    Governing Law; Waiver of Jury
Trial. This Agreement shall be governed by and construed and interpreted in accordance with the laws of the State of Texas, without giving effect to the conflicts of law provision or rule (whether of the State of Texas or any other
jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Texas. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY
PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR
ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED
TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 3.8. 

Section 3.9    Severability. If any term or provision of this Agreement, or the
application thereof to any person or any circumstance, is invalid, illegal or unenforceable in any jurisdiction, (a) a suitable and equitable provision shall be substituted therefor in order to carry out, so far as may be valid, legal and
enforceable, the intent and purpose of such invalid, illegal or unenforceable provision and (b) the remainder of this Agreement and the application of such provision to other persons or circumstances shall not be affected by such invalidity,
illegality or unenforceability, nor shall such invalidity, illegality or unenforceability in any jurisdiction affect the validity, legality or enforceability of such provision, or the application thereof, in any other jurisdiction. 

Section 3.10    Counterparts. This Agreement may be executed in one or more
counterparts, each of which shall be deemed an original, and all of which shall constitute one and the same agreement. A signed copy of this Agreement delivered by e-mail or other means of electronic
transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Agreement. 

*        *        
*        *        * 

  
 5 

 IN WITNESS WHEREOF, this Agreement has been duly executed by each of the Parties as of the
date first written above. 
  

			
	PROFRAC MANUFACTURING, LLC
		
	By:	 	/s/ Robert J. Willette
	Name:	 	Robert J. Willette
	Title:	 	Secretary

  

			
	PROFRAC SERVICES, LLC
		
	By:	 	/s/ Robert J. Willette
	Name:	 	Robert J. Willette
	Title:	 	Secretary
		 	

  

			
	U.S. WELL SERVICES HOLDINGS, LLC
		
	By:	 	/s/ Robert J. Willette
	Name:	 	Robert J. Willette
	Title:	 	Secretary
		 	

  

			
	USWS HOLDINGS LLC
		
	By:	 	/s/ Robert J. Willette
	Name:	 	Robert J. Willette
	Title:	 	Secretary

			
	U.S. WELL SERVICES, LLC
		
	By:	 	/s/ Robert J. Willette
	Name:	 	Robert J. Willette
	Title:	 	Secretary

  

			
	USWS FLEET 10, LLC
		
	By:	 	/s/ Robert J. Willette
	Name:	 	Robert J. Willette
	Title:	 	Secretary

  

			
	USWS FLEET 11, LLC
		
	By:	 	/s/ Robert J. Willette
	Name:	 	Robert J. Willette
	Title:	 	Secretary

 EXHIBIT A 

Excluded Assets, Liabilities, and/or Contracts 

In accordance with the terms of the Agreement, the following are excluded from the contributions and transfers discussed within, and
accomplished by, the Agreement unless otherwise agreed to in writing by the parties hereto: 
  

	 	1.	 All Company Intellectual Property Rights (as defined in the Merger Agreement), including all litigation related
thereto. 

  
 A - 1

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