Item 1.01 - Entry into a Material Definitive Agreement.

Amendment to Merger Agreement

On February 20, 2020, Forbes Energy Services Ltd. (the "Company") entered into Amendment No. 1 to that certain Agreement and Plan of Merger, dated December 18, 2019 (the "Merger Agreement"), by and among the Company, Superior Energy Services, Inc. ("Superior"), New NAM, Inc. ("NAM"), Spieth Newco, Inc., Spieth Merger Sub, Inc. and Fowler Merger Sub, Inc. ("Amendment No. 1 to the Merger Agreement").

Pursuant to Amendment No. 1 to the Merger Agreement, by reason of the fact that NAM will assume approximately $243 million of Superior debt in connection with the mergers contemplated by the Merger Agreement and not $250 million, the parties agreed to reduce the minimum amount of cash and cash equivalents held in the bank accounts of NAM and is subsidiaries, after giving effect to the separation of NAM from Superior, from $20 million to $13 million.

The foregoing description of the terms of Amendment No. 1 to the Merger Agreement is not complete and is qualified in its entirety by reference to the copy of Amendment No. 1 to the Merger Agreement filed as Exhibit 2.1 hereto and incorporated herein by reference.

Item 9.01 - Financial Statements and Exhibits

(d) Exhibits.

2.1 Amendment No. 1 to Agreement and Plan of Merger, dated as of February 20,


    2020, by and among Superior Energy Services, Inc., New NAM, Inc., Forbes
    Energy Services Ltd, Spieth Newco, Inc., Spieth Merger Sub, Inc. and Fowler
    Merger Sub, Inc.

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