EXHIBIT 10.2

    

    

    

    
    
      William B. Masters 

      General Counsel 

      Superior Energy Services, Inc. 

      New NAM, Inc. 

      1001 Louisiana Street, Suite 2900 

      Houston, Texas 77002

       

      

       May 20, 2020

      

      

      

      
        Forbes Energy Services Ltd.

          3000 South Business Highway 281

          Alice, Texas 78332

          Attention: John E. Crisp; L. Melvin Cooper

        Ladies and Gentlemen:

        Reference is made to the Agreement and Plan of Merger, dated as of December 18, 2019, by and among Superior Energy Services,
          Inc., a Delaware corporation (“Spieth”), New NAM, Inc., a Delaware corporation (“NAM”), Forbes Energy Services Ltd., a Delaware corporation (“Fowler”), Arita Energy, Inc. (formerly known as Spieth Newco, Inc.), a Delaware corporation (“Arita”),
          Spieth Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Arita, and Fowler Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Arita (as amended, the “Merger Agreement”). Capitalized terms used in
          this letter and defined in the Merger Agreement but not otherwise defined herein shall have the meanings assigned to such terms in the Merger Agreement.

        Fowler has requested our consent, as required under Section 7.01(q) of the Merger Agreement, to seek a loan under the Paycheck
          Protection Program established by the Small Business Administration in an amount of up to $10 million (the “Fowler SBA Loan”). In exchange for receiving the consent of each of Spieth and NAM to seek and obtain the Fowler SBA Loan, Fowler is
          willing to waive any and all rights that it may have to receive a termination fee under Section 9.05 of the Merger Agreement if the Merger Agreement is terminated, and Spieth and NAM are willing to waive any and all rights that either may have to
          receive a termination fee under Section 9.05 of the Merger Agreement if the Merger Agreement is terminated (collectively, the “Fee Waiver”).

        By the parties’ signatures to this letter, each of Spieth and NAM hereby consents to Fowler seeking and obtaining the Fowler SBA
          Loan, and each of Spieth, NAM and Fowler hereby agrees to the Fee Waiver and further agrees not to pursue any other claim against any party or any of their respective affiliates in connection with any termination of the Merger Agreement in
          accordance with its terms. Notwithstanding the foregoing, the parties hereto agree that in the event of a termination of the Merger Agreement, Spieth shall pay Fowler, within the later of five (5) business days following such termination and the
          date the Final Amounts (as defined below) are finally determined, an amount equal to all amounts that are finally determined, after discussion between Spieth and any party submitting an invoice, to be due and payable by Fowler pursuant to the
          Financing Letters as a result of the termination of the Merger Agreement (such amounts the “Final Amounts”).

        We look forward to continuing to work together to complete the transaction, and except as explicitly set forth herein, nothing
          in this letter shall be deemed to limit or waive any other rights or remedies of any of the parties under the Merger Agreement, at law or otherwise.

         

        

        

        

         

        

        
          
            


        

         

        

        
          	 	Sincerely,

                	 
	 	 	 
	 	Superior Energy Services, Inc.

                  	 
	 	  	 
	
                  

                  

                	
                  By: 

                	/s/ Bill Mastow

                	 
	 	Name:  

                	Bill Mastow

                	 
	 	Title: 

                	EVP & GC

                	 
	 	 	 	 


        

        
          	 	New NAM, Inc.

                  	 
	 	  	 
	
                  

                  

                	
                  By: 

                	/s/ Bill Mastow

                	 
	 	Name:  

                	Bill Mastow

                	 
	 	Title: 

                	GC

                	 
	 	 	 	 


        

         AGREED AND ACCEPTED:

        

        
          	Forbes Energy Services LTD

                  	 
	  	 
	
                  By: 

                	/s/ John Crisp

                	 
	Name:  

                	John Crisp

                	 
	Title: 

                	CEO

                	 
	 	 	 


        

        
          

            
              
                	cc:	
                        Fried, Frank, Harris, Shriver & Jacobson LLP

                          One New York Plaza

                          New York, NY 10004

                          Attention: Warren S. de Wied

                      


              

            

            

            

            Latham & Watkins LLP

              811 Main St.

              Suite 3700

              Houston, Texas 77002

              Attention: Ryan Maierson; John Greer