On December 31, 2018, the Board of Directors of U.S. Well Services, Inc. increased the size of the Board to eight members and appointed Richard Burnett as a director effective immediately. Mr. Burnett was also appointed to the Audit Committee and designated Chairman of the Audit Committee. The Board determined that Mr. Burnett qualifies as an audit committee financial expert, as such term is defined in Item 401(h) of Regulation S-K. In connection with Mr. Burnett's appointment, David Treadwell was removed from the Audit Committee. As an independent director, Mr. Burnett will be compensated for his service as provided under the Board's existing director compensation program. The Company also entered into its standard form of indemnity agreement with Mr. Burnett.