SECURITY AGREEMENT
This SECURITY AGREEMENT (this “Agreement”), is dated as of December 27, 2023, among PROFRAC HOLDINGS, LLC, a
Texas limited liability company (“Holdings”), PROFRAC HOLDINGS II, LLC, a Texas limited liability company (the “Issuer”), PF MANUFACTURING HOLDING, LLC, a Texas limited liability company (“PF
Manufacturing”), PF SERVICES HOLDING, LLC, a Texas limited liability company (“PF Services”), PF TECH HOLDING, LLC, a Texas limited liability company (“PF Tech”), BEST PUMP AND FLOW,
LLC, a Texas limited liability company (“BP”), BEST PFP, LLC, a Texas limited liability company (“Best PFP”), PROFRAC MANUFACTURING, LLC, a Texas limited liability company
(“Manufacturing”), FTS INTERNATIONAL MANUFACTURING, LLC, a Texas limited liability company (“FTS International”), AG PSC FUNDING LLC, a Delaware limited liability company (“AG PSC”),
F3 FUEL, LLC, a Texas limited liability company (“F3 Fuel”), PRODUCERS SERVICE HOLDINGS LLC, a Delaware limited liability company (“Producers”), PRODUCERS SERVICE COMPANY – WEST LLC, a
Delaware limited liability company (“Producers West”), PRODUCERS SERVICE COMPANY LLC, a Delaware limited liability company (“Producers Service”), FTS INTERNATIONAL SERVICES, LLC, a Texas limited
liability company (“FTS International Service”), REV ENERGY HOLDINGS, LLC, a Colorado limited liability company (“REV”), REV ENERGY SERVICES, LLC, a Colorado limited liability company (“REV
Services”), U.S. WELL SERVICES HOLDINGS, LLC, a Delaware limited liability company (“USW Holdings”), USWS HOLDINGS LLC, a Delaware limited liability company (“USW”), U.S. WELL SERVICES,
LLC, a Delaware limited liability company (“Well Services”), USWS FLEET 10, LLC, a Delaware limited liability company (“USWS 10”), USWS FLEET 11, LLC, a Delaware limited liability company
(“USWS 11”), PROFRAC SERVICES, LLC, a Texas limited liability company (“ProFrac Services”), PRODUCERS SERVICE I, LLC, a Delaware limited liability company (“Producers Service I”), and each
Additional Grantor (as defined in Section 19(d)(i) below) (each such Additional Grantor, together with collectively with Holdings, the Issuer, PF Manufacturing, PF Services, PF Tech, BP, Best PFP, Manufacturing, FTS
International, AG PSC, F3 Fuel, Producers, Producers West, Producers Service, FTS International Service, REV, REV Services, USW Holdings, USW, Well Services, USWS 10, USWS 11, ProFrac Services and Producers Service I, the “Grantors”
and individually, each a “Grantor”), and U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Collateral Agent (in such capacity, together with its permitted successors and assigns in such capacity, the “Collateral
Agent”).
W I T N E S S E T H:
WHEREAS, the Grantors, the Collateral Agent, U.S. Bank Trust Company, National Association, as trustee, and calculation agent, and
other parties thereto are party to that certain Indenture dated as of the date hereof (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Indenture”);
WHEREAS, in order to induce the Collateral Agent to enter into the Indenture and to induce the Purchasers to purchase the Notes as
provided for in that certain Note Purchase Agreement dated as of the date hereof, between the Purchaser and the Grantors (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Note Purchase
Agreement”), each Grantor is entering into this Agreement in favor of the Collateral Agent, and pursuant hereto is granting to the Collateral Agent, for the benefit of the Secured Parties, a security interest in and lien upon the Collateral
(as defined below) to secure the Secured Obligations (as defined below);
WHEREAS, each Grantor is the owner of the shares of Stock
(the “Initial Pledged Stock”) set forth opposite such Grantor’s name on and as otherwise described in Schedule I hereto and issued by the Persons named therein and each Grantor is the owner of the Indebtedness (the
“Initial Pledged Debt”) set forth opposite such Grantor’s name on and as otherwise described in Part II of Schedule I hereto and issued by the obligors named therein;
WHEREAS, it is a condition precedent to the Purchaser’s willingness to purchase the Notes, that each Grantor grant to the
Collateral Agent, for the benefit of the Secured Parties, a security interest in and lien upon the applicable Collateral of such Grantor to secure such Grantor’s Secured Obligations; and
WHEREAS, to secure the full and prompt payment and performance of all of the Secured Obligations, each Grantor agrees to grant to the
Collateral Agent, for the benefit of the Secured Parties, a security interest in the Collateral in order to secure the prompt payment and performance of the Secured Obligations.