Item 1.01 Entry into a Material Definitive Agreement.

On September 30, 2021, U.S. Well Services, LLC ("USWS"), a subsidiary of U.S. Well Services, Inc., entered into an Equipment Sale Agreement (the "Agreement") with Python Holdings, LLC (the "Buyer"), pursuant to which USWS agreed to sell three turbine generators (the "Equipment") for an aggregate purchase price of $35,000,003.10 on the terms and conditions set forth in the Agreement. The closing of the sale of the Equipment is subject to certain conditions set forth in the Agreement. The Agreement provides that USWS will indemnify the Buyer from certain losses resulting from breaches of representations and covenants contained in the Agreement or resulting from USWS' ownership of the Equipment prior to the closing of the sale of the Equipment.

In connection with the entry into the Agreement, an affiliate of the Buyer has also agreed to provide power services, including the provision of the Equipment to provide power for USWS' operations for a minimum of 12 months for each turbine.

The foregoing description of the Agreement does not purport to be complete and is qualified in its entirety by reference to the complete text of the Agreement, which is filed herewith as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.




(d) Exhibits.



Exhibit
Number       Description

10.1           Equipment Sale Agreement between U.S. Well Services, LLC and Python
             Holdings, LLC, dated September 30, 2021.

104          Cover Page Interactive Data File (embedded within the Inline XBRL
             document).




                                       2

--------------------------------------------------------------------------------

© Edgar Online, source Glimpses