Document:

Exhibit 10.7

 

VOTING AGREEMENT

 

This VOTING AGREEMENT
(this “Agreement”), dated as of November ____, 2017, is entered into by and among National Energy Services
Reunited Corp., a company organized under the laws of the British Virgin Islands (the “Company”), NESR
Holdings Ltd., a company organized under the laws of the British Virgin Islands (“NESR Holdings”), and
SV3 Holdings PTE LTD., a company organized under the laws of the Republic of Singapore (“SV3”).

 

WHEREAS, SV3 and the
Company have entered into that certain Contribution Agreement (the “Contribution Agreement”), pursuant
to which SV3 has contributed to the Company its interests in GES (as defined below) and, in consideration therefor, has received
Ordinary Shares; and

 

WHEREAS, in connection
with, and effective upon, the completion of the Business Combination (as defined below), the Company, NESR Holdings and SV3 have
entered into this Agreement to set forth certain understandings among themselves, including with respect to certain corporate governance
matters.

 

NOW, THEREFORE, in
consideration of the mutual covenants contained herein and for good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged, the parties hereto hereby agree as follows:

 

ARTICLE I

DEFINITIONS

 

Section 1.1     Certain
Definitions. As used in this Agreement, the following terms shall have the following meanings:

 

“Affiliate”
means, with respect to any specified Person, a Person that directly or indirectly Controls or is Controlled by, or is under common
Control with, such specified Person.

 

“Beneficial
Owner” of a security is a Person who directly or indirectly, through any contract, arrangement, understanding, relationship
or otherwise, has or shares (a) voting power, which includes the power to vote, or to direct the voting of, such security and/or
(b) investment power, which includes the power to dispose, or to direct the disposition of, such security. The terms “Beneficially
Own” and “Beneficial Ownership” shall have correlative meanings. For the avoidance of doubt,
for purposes of this Agreement, SV3 is deemed to Beneficially Own the Ordinary Shares owned by it and any Affiliate of SV3.

 

“Board”
means the Board of Directors of the Company.

 

“Business
Combination” means the consummation of an initial business combination (as defined in the Company’s final prospectus,
dated May 11, 2017) that includes an acquisition by the Company of all or substantially all of the outstanding capital stock of
GES, and substantially all of the assets or capital stock of any other Person or Persons for which the Company submits a single
proxy seeking shareholder approval for such initial business combination.

 

     

     

    

 

“Control”
(including the terms “Controls,” “Controlled by” and “under common
Control with”) means the possession, direct or indirect, of the power to (a) direct or cause the direction of the
management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise or (b) vote 10%
or more of the securities having ordinary voting power for the election of directors of a Person.

 

“GES”
means Gulf Energy S.A.O.C., a closed joint stock company registered in Oman under Commercial Registration No. 1791842, with its
registered office address as P. O. Box 786, Postal Code 116, Mina Al Fahal, Oman.

 

“Necessary
Action” means, with respect to a specified result, all actions (to the extent such actions are permitted by applicable
law and, in the case of any action by the Company that requires a vote or other action on the part of the Board, to the extent
such action is consistent with the fiduciary duties that the Company’s directors may have in such capacity) necessary to
cause such result, including (i) voting or providing a written consent or proxy with respect to Ordinary Shares, (ii) causing the
adoption of shareholders’ resolutions and amendments to the organizational documents of the Company, (iii) executing agreements
and instruments and (iv) making or causing to be made, with governmental, administrative or regulatory authorities, all filings,
registrations or similar actions that are required to achieve such result.

 

“Ordinary
Shares” means the ordinary shares, no par value, of the Company.

 

“Person”
means any individual, corporation, firm, partnership, joint venture, limited liability company, estate, trust, business association,
organization, any court, administrative agency, regulatory body, commission or other governmental authority, board, bureau or instrumentality,
domestic or foreign and any subdivision thereof or other entity, and also includes any managed investment account.

 

Section
1.2          Rules of Construction.

 

(a)          Unless the context
requires otherwise: (i) any pronoun used in this Agreement shall include the corresponding masculine, feminine or neuter forms;
(ii) references to Articles and Sections refer to articles and sections of this Agreement; (iii) the terms “include,”
“includes,” “including” and words of like import shall be deemed to be followed by the words “without
limitation”; (iv) the terms “hereof,” “hereto,” “herein” or “hereunder” refer
to this Agreement as a whole and not to any particular provision of this Agreement; (v) unless the context otherwise requires,
the term “or” is not exclusive and shall have the inclusive meaning of “and/or”; (vi) defined terms herein
will apply equally to both the singular and plural forms and derivative forms of defined terms will have correlative meanings;
(vii) references to any law or statute shall include all rules and regulations promulgated thereunder, and references to any law
or statute shall be construed as including any legal and statutory provisions consolidating, amending, succeeding or replacing
the applicable law or statute; (viii) references to any Person include such Person’s successors and permitted assigns; and
(ix) references to “days” are to calendar days unless otherwise indicated.

 

    2 

     

    

 

(b)          The headings
in this Agreement are for convenience and identification only and are not intended to describe, interpret, define or limit the
scope, extent or intent of this Agreement or any provision thereof.

 

(c)          This Agreement
shall be construed without regard to any presumption or other rule requiring construction against the party that drafted or caused
this Agreement to be drafted

 

ARTICLE II

GOVERNANCE MATTERS

 

Section 2.1          Designees.

 

(a)          The Company
and NESR Holdings shall take all Necessary Action to cause the Board to include members as follows:

 

(i)         Until
such time as SV3 and its Affiliates collectively Beneficially Own less than [_____]1
of the outstanding Ordinary Shares, one nominee designated by SV3 (the “SV3 Director”), provided that
SV3 has taken all Necessary Action during the course of negotiating and entering the Sale and Purchase Agreement and afterwards
as a shareholder of Company to afford the former shareholders of GES the same right to appoint a director to the Board; and

 

(ii)        If
SV3 and its Affiliates collectively Beneficially Own less than [_____]2
of the outstanding Ordinary Shares, SV3 shall not be entitled to designate a nominee as an SV3 Director.

 

The Company agrees,
to the fullest extent permitted by applicable law (including with respect to any applicable fiduciary duties under applicable law),
that taking all necessary corporate action to effectuate the above shall include (A) including the persons designated pursuant
to this Section 2.1(a) in the slate of nominees recommended by the Board for election at any meeting of stockholders called
for the purpose of electing directors, (B) nominating and recommending each such individual to be elected as a director as provided
herein, and (C) soliciting proxies or consents in favor thereof. The Company is entitled to identify such individual as an SV3
Director, pursuant to this Agreement.

 

(b)          So long
as SV3 is entitled to designate a nominee pursuant to Section 2.1(a), SV3 shall have the right to remove such SV3 Director
(with or without cause), from time to time and at any time, from the Board, exercisable upon written notice to the Company, and
the Company shall take all Necessary Action to cause such removal.

 

(c)          In the event
that a vacancy is created on the Board at any time by the death, disability, resignation or removal (whether by SV3 or otherwise
in accordance with the Company’s organizational documents, as such may be amended or restated from time to time) of an SV3
Director, SV3 shall be entitled to designate an individual to fill the vacancy. The Company and the NESR Holdings shall take all
Necessary Action to cause such replacement designee to become a member of the Board.

 

 

		1
                            Note to Draft:	This blank shall be filled-in
                                         with a number of Ordinary Shares (rounded to the nearest whole share) equal to the product
                                         of (i) the number of Ordinary Shares Beneficially Owned by SV3 as of the date
                                         of this Agreement and (ii) 60%.
	 	 	 
	 	2 Note
               to Draft:	Same
                                         number as inserted in previous blank.

  

 

    3 

     

    

  

Section 2.2          Board
Observation Rights. So long as SV3 and its Affiliates collectively Beneficially Own at least [______]3
of the outstanding Ordinary Shares of the Company, SV3 shall be entitled to have two (2) representatives attend (either in person
or telephonically) all meetings of the Board in a nonvoting observer capacity, which will include the right to receive notice of
all meetings of the Board and the right to receive copies of all notices, minutes, written consents, and other materials that it
provides to members of the Board, at the same time so provided to the Board (“Board Observer”); provided,
however, that so long as an SV3 Director is duly elected and serving as a member of the Board, SV3 shall only have the right
to designate one (1) Board Observer pursuant to this Section 2.2; provided further, however, that if SV3 and
its Affiliates collectively Beneficially Own (i) less than [______]4
of the outstanding Ordinary Shares and (ii) more than one percent (1%) of the outstanding Ordinary Shares, then SV3 shall only
have the right to designate one (1) Board Observer pursuant to this Section 2.2. Nothing in this Section 2.2 shall
restrict the Chairman of the Board or the Board from excluding the Board Observer from receiving any materials that are otherwise
provided to the Board or from excluding the Board Observer from any meeting of the Board (or portion thereof) if deemed in their
sole discretion to be advisable either for the benefit or protection of the Company or a Board member or related to issues of potential
conflicts of interest with such Board Observer or its affiliates.

 

Section 2.3          Restrictions
on Other Agreements. NESR Holdings shall not, directly or indirectly, grant any proxy or enter into or agree to be bound by
any voting trust, agreement or arrangement of any kind with respect to its Ordinary Shares if and to the extent the terms thereof
conflict with the provisions of this Agreement (whether or not such proxy, voting trust, agreement or agreements are with holders
of Ordinary Shares that are not parties to this Agreement or otherwise).

 

ARTICLE III

EFFECTIVENESS AND TERMINATION

 

Section 3.1          Effectiveness.
Upon the closing of the Business Combination, this Agreement shall thereupon be deemed to be effective. However, to the extent
the closing of the Business Combination does not occur, the provisions of this Agreement shall be without any force or effect.

 

Section 3.2          Termination.
This Agreement shall terminate upon the earlier to occur of (a) such time as SV3 and its Affiliates Beneficially Own less than
(i) [_______]5 of the outstanding Ordinary Shares
and (ii) one percent (1%) of the outstanding Ordinary Shares, or (b) the delivery of written notice to the Company by SV3, requesting
the termination of this Agreement. Further, at such time as any party hereto no longer Beneficially Owns any Ordinary Shares,
all rights and obligations of such party under this Agreement shall terminate.

 

 

	3 Note
to Draft:	Same number as inserted
                                         in previous blank.
	 	 
	4 Note to Draft:	Same number
                                       as inserted in previous blank.
	 	 
	5 Note
to Draft:	Same number
                                       as inserted in previous blank.

  

    4 

     

    

 

ARTICLE IV

MISCELLANEOUS

 

Section 4.1     Notices.
All notices, requests, demands and other communications under this Agreement shall be in writing and shall be personally delivered,
sent by nationally recognized overnight courier, mailed by registered or certified mail or be sent by facsimile or electronic
mail to such party at the address set forth below (or such other address as shall be specified by like notice). Notices will be
deemed to have been duly given hereunder if (a) personally delivered, when received, (b) sent by nationally recognized overnight
courier, one (1) business day after deposit with the nationally recognized overnight courier, (c) mailed by registered or certified
mail, five (5) business days after the date on which it is so mailed, and (d) sent by facsimile or electronic mail, on the date
sent so long as such communication is transmitted before 5:00 p.m. in the time zone of the receiving party on a business day,
otherwise, on the next business day.

 

		(a)	If to the Company, to:

 

National Energy Services Reunited Corp. 

777 Post Oak Blvd., Suite 730 

Houston, Texas 77056 

Attention:     Sherif Foda; Joseph
Nawfal 

Email:            sfoda@nesrco.com;
jnawfal@nesrco.com

  

With a copy to (which does not constitute notice): 

  

Looper Goodwine, P.C. 

1300 Post Oak Boulevard, Suite 2400 

Houston, Texas 77056 

Attention:     Donald R. Looper 

Email:            dlooper@loopergoodwine.com

  

		(b)	If to NESR Holdings, to:

 

NESR Holdings Ltd. 

777 Post Oak Blvd., Suite 730 

Houston, Texas 77056 

Attention:     Sherif Foda; Joseph
Nawfal 

Email:            sfoda@nesrco.com; jnawfal@nesrco.com

 

    5 

     

    

 

With a copy to (which does not constitute notice):

  

Looper Goodwine, P.C. 

1300 Post Oak Boulevard, Suite 2400 

Houston, Texas 77056 

Attention:     Donald R. Looper 

Email:            dlooper@loopergoodwine.com

  

		(c)	If to SV3, to:

  

SV3 Holdings PTE Ltd.

c/o SCF Partners

600 Travis Street, Suite 6600

Houston, Texas 77002

Attention:     Andrew L. Waite; Theresa W. Eaton

Email:            AWaite@scfpartners.com;
TEaton@scfpartners.com

 

With a copy (which shall not
constitute notice) to:

 

Vinson & Elkins L.L.P.

1001 Fannin Street, Suite 2500

Houston, Texas 77002

Attention:     W. Matthew Strock; E. Ramey Layne

Email:            
mstrock@velaw.com; rlayne@velaw.com

 

Section 4.2          Severability.
The provisions of this Agreement shall be deemed severable, and the invalidity or unenforceability of any provision shall not
affect the validity or enforceability of the other provisions hereof. If any provision of this Agreement, or the application thereof
to any Person or any circumstance, is found to be invalid or unenforceable in any jurisdiction, (a) a suitable and equitable provision
shall be substituted therefor in order to carry out, so far as may be valid and enforceable, the intent and purpose of such invalid
or unenforceable provision and (b) the remainder of this Agreement and the application of such provision to other Persons or circumstances
shall not be affected by such invalidity or unenforceability, nor shall such invalidity or unenforceability affect the validity
or enforceability of such provision, or the application thereof, in any other jurisdiction.

 

Section 4.3          Counterparts.
This Agreement may be executed in one or more counterparts, each of which shall be deemed an original and all of which, taken
together, shall be considered one and the same agreement.

 

Section 4.4          Entire
Agreement; No Third Party Beneficiaries. This Agreement (a) constitutes the entire agreement and supersedes all other prior
agreements, both written and oral, among the parties hereto with respect to the subject matter hereof and (b) is not intended to
confer upon any Person, other than the parties hereto, any rights or remedies hereunder.

 

    6 

     

    

 

Section 4.5          Further
Assurances. Each party hereto shall execute, deliver, acknowledge and file such other documents and take such further actions
as may be reasonably requested from time to time by the other parties hereto to give effect to and carry out the transactions
contemplated herein.

 

Section 4.6          Governing
Law; Equitable Remedies. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF TEXAS
(WITHOUT GIVING EFFECT TO CONFLICT OF LAWS PRINCIPLES THEREOF). The parties hereto agree that irreparable damage would occur in
the event that any of the provisions of this Agreement were not performed in accordance with its specific terms or was otherwise
breached. It is accordingly agreed that the parties hereto shall be entitled to an injunction or injunctions and other equitable
remedies to prevent breaches of this Agreement and to enforce specifically the terms and provisions hereof in any of the Selected
Courts (as defined below), this being in addition to any other remedy to which they are entitled at law or in equity. Any requirements
for the securing or posting of any bond with respect to such remedy are hereby waived by each of the parties hereto. Each party
hereto further agrees that, in the event of any action for an injunction or other equitable remedy in respect of such breach or
enforcement of specific performance, it will not assert the defense that a remedy at law would be adequate.

 

Section 4.7           Consent
to Jurisdiction and Arbitration.

 

(a)       In
the event of any dispute between the Parties arising out of or relating to this Agreement (including a dispute relating to any
non-contractual obligations arising out of or in connection with this Agreement), representatives of the parties shall, within
ten (10) business days of service of a written notice from either party to the other (a “Disputes Notice”),
hold a meeting (a “Dispute Meeting”) in an effort to resolve the dispute. In the absence of agreement
to the contrary the Dispute Meeting shall be held at the registered office for the time being of the Company. Each Party shall
use all reasonable endeavours to send a representative who has authority to settle the dispute to attend the Dispute Meeting.

 

(b)      Any
dispute arising out of or with respect to this Agreement shall be resolved solely by arbitration held under the American Arbitration
Association (“AAA”). The seat, or legal place, of arbitration shall be Houston, Texas. The arbitrator
shall be instructed to attempt to conclude the arbitration within thirty (30) days of initiation of proceedings. Both parties expressly
waive their rights to resort to the courts and expressly waive their rights to discovery except as required by the arbitrator.
Time is of the essence, and the arbitrator is authorized to render a default judgment against a party failing to appear, provided
adequate evidence is presented by the party participating.

 

(c)       The
number of arbitrators shall be one (1). The arbitrator will be appointed by the AAA. The language to be used in the arbitration
shall be English.

 

(d)       The
award made by the arbitrator shall be final and binding on the parties and may be enforced in any court of competent jurisdiction.
To the extent permissible by law, the parties hereby waive any right to appeal the decision of the arbitrator. Notwithstanding
the foregoing, the parties agree that any of them may seek interim measures including injunctive relief in relation to the provisions
of this Agreement or the parties’ performance of it from any court of competent jurisdiction.

 

    7 

     

    

 

Section 4.8          Amendments;
Waivers.

 

(a)           No
provision of this Agreement may be amended or waived unless such amendment or waiver is in writing and signed (i) in the case of
an amendment, by each of the parties hereto, and (ii) in the case of a waiver, by each of the parties against whom the waiver is
to be effective.

 

(b)           No
failure or delay by any party in exercising any right, power or privilege hereunder shall operate as waiver thereof nor shall any
single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or
privilege. The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by
law.

 

Section 4.9          Assignment.
Neither this Agreement nor any of the rights or obligations hereunder shall be assigned by any of the parties hereto without the
prior written consent of the other parties; provided, however, that SV3 may assign any of its rights hereunder to any of its Affiliates.
Subject to the preceding sentence, this Agreement will be binding upon, inure to the benefit of and be enforceable by the parties
and their respective successors and assigns. In the event any party hereto assigns or transfers any Ordinary Shares to any Affiliate
of such party, such Affiliate shall be bound by this Agreement the same as the party that assigned or transferred such Ordinary
Shares.

 

[Signature page follows.]

 

    8 

     

    

 

IN WITNESS WHEREOF, the parties hereto
have executed this Agreement as of the date first written above.

	 	 	 
	 	NATIONAL ENERGY SERVICES REUNITED CORP.
	 	 	 
	 	By:	 
	 	Name:
	 	Title:
	 	 	 
	 	NESR HOLDINGS LTD.
	 	 	 
	 	By:	 
	 	Name:
	 	Title:
	 	 	 
	 	SV3 HOLDINGS PTE LTD.
	 	 	 
	 	By:	 
	 	Name:
	 	Title:

 

[Signature Page
to Voting Agreement]Exhibit 10.8

 

SHARES
EXCHANGE AGREEMENT

 

This
Shares Exchange Agreement (“Agreement”) is entered into on November 12, 2017 (“Effective Date”)
between NESR Holdings, a corporation formed under the laws of the British Virgin Islands (“NESRH”) and National
Energy Services Reunited Corp, a company incorporated in the British Virgin Islands with its registered address at 171 Main Street,
Road Town, Tortola, VB1110, British Virgin Islands (“NESR Corp”) (each of NESRH and NESR Corp to be referenced
hereafter as “Party” or collectively as “Parties”)

 

WHEREAS,
NESRH has entered into agreements for the purpose of purchasing of ordinary stock in Gulf Energy S.A.O.C, a closed joint stock
company registered in Oman under Commercial Registration No. 1791842, with its registered office address as P.O. Box 786, Postal
Code 116, Mina Al Fahal, Oman (“Company”);

 

WHEREAS,
NESRH agreed with Company to pay USD $16,791,875 to acquire 33,500 shares in Company, representing 6.7% of the outstanding stock;

 

WHEREAS,
NESRH agreed with the National Bank of Oman to pay USD $12,500,000 and additional fees for expenses to acquire 25,000 shares in
Company owned by the bank, representing 5% of the outstanding stock;

 

WHEREAS,
NESRH borrowed funds pursuant to loan agreements with several private equity parties (“Loan Contracts”) to
finance the purchase of the 58,500 shares in the Company.

 

NOW
THEREFORE, for good and valuable consideration, the Parties hereby agree as follows:

 

1.            Assignment
and Transfer of Shares. Subject to approval by the NESR Corp shareholders, on the date to be designated by NESR Corp within
one year of the signing of this Agreement (“Closing Date”), NESRH shall assign to NESR Corp all rights that
it has in the Fifty-Eight Thousand Five Hundred (58,500) shares of stock in the Company (“Company Shares”),
including (i) any contractual rights to purchase such shares and (2) all legal and beneficial title of ownership together with
all legal and beneficial rights and benefits attached or accruing to them as of the Closing Date.

 

2.            Assumption
of Obligations. 

 

2.1          On
the Closing Date, NESRH shall assign to NESR Corp each of the Loan Contracts referenced on Exhibit A, and NESR Corp shall
assume all obligations that NESRH may have pursuant to the terms of the Loan Contracts. NESR Corp shall assume the repayment obligations
of NESRH under such Loan Contracts according to the terms contained therein, all of which permit, with consent of each respective
lender, assignment of NESR Corp shares of ordinary stock at a valuation of $10.00 per share for the repayment of principal, and
in some cases, certain interest amounts. NESR Corp also assumes the obligations of NESRH for any costs or expenses required to
be paid under the Loan Contracts by NESRH as borrower. NESRH shall deliver a copy of all Loan Contracts to NESR Corp upon the
execution of this Agreement.

 

     

     

    

 

2.2       
    On the Closing Date, NESRH shall assign to NESR Corp all of its rights to receive full legal and
beneficial title to all of the Company Shares. If any number of Company Shares have not been purchased by the Closing Date,
NESRH shall at that time assign its contractual rights to acquire such number of Company Shares.

 

3.            Taxes.
The Parties hereby agree and acknowledge that any taxes and transfer costs attributable to NESRH on the transfer of Company Shares
as contemplated by this Agreement shall be assumed by NESR Corp.

 

4.            Undertaking,
Representations and Warranties.

 

		(a)	Each
                                         Party represents and warrants to the other Party that each of the following statements
                                         (“Warranties”) is true, accurate and not misleading as of the Effective
                                         Date and represents and warrants that they will be true, accurate and not misleading
                                         at the NESR Closing Date as if repeated immediately prior to the Closing Date:

 

		i)	it
                                         is duly organized, validly existing and in good standing under the laws of the country
                                         of its incorporation and is duly qualified to do business as a foreign corporation in
                                         every jurisdiction in which it is required to qualify in order to conduct its business
                                         except where the failure to so qualify would not have a material adverse effect on the
                                         Party or its properties;

 

		ii)	it
                                         is duly qualified to do business and perform the transactions contemplated under this
                                         Agreement and any agreement referenced therein;

 

		iii)	it
                                         has the complete, exclusive and unrestricted right, power and authority to enter into,
                                         execute and perform this Agreement and any documents and agreement referenced in or required
                                         by this Agreement, and this Agreement shall, following its execution, constitute a legal,
                                         valid and binding obligation of such Party; and

 

		iv)	it
                                         has the complete, exclusive and unrestricted right, power and authority to take any action
                                         and to enter into and execute any documents, applications, forms or agreements required
                                         by the terms herein.

 

		(b)	NESRH
                                         warrants that as of the Closing Date, it is the sole legal and beneficial owner of the
                                         Company Shares or has a contractual right to acquire the full legal and beneficial title
                                         to the Company Shares and is entitled to transfer all of its rights in the Company Shares
                                         on the terms and subject to the conditions set out in this Agreement without the consent
                                         or approval of any person, except as required by any pledge agreement for the benefit
                                         of the lender to satisfy the terms of any respective Loan Contract pending satisfaction
                                         of the debt. If any lender rejects the terms to receive NESR Corp shares in satisfaction
                                         of its Loan Contract, NESR Corp may choose to satisfy the debt by transfer of other agreed
                                         consideration, which may be cash, to effect the release of such lien on the respective
                                         Company Shares, or transfer of the Company Shares to the lender.

 

     

     

    

 

		(c)	NESRH
                                         and NESR Corp shall execute, perform and do (or procure to be executed, performed and
                                         done by third parties as necessary) all such deeds, documents, procedures, acts and things
                                         as are necessary for such Party to ensure that all Warranties made by such Party in this
                                         Agreement are satisfied.

 

		(d)	Each
                                         Party shall immediately (and in any event before the Closing Date) notify the other Party
                                         in writing of anything of which the notifying Party is or becomes aware which renders
                                         or is likely to render any of its Warranties untrue, inaccurate or misleading.

 

5.        
   Costs and Expenses. The costs and expenses incurred by the Parties in relation to the preparation
and consummation of this Agreement, including but not limited to respective attorneys’ fees in connection thereto,
shall be borne by NESR Corp.

 

6.      
     Transferee Rights. If the shareholders of NESR Corp approve the terms of this Agreement
to acquire Company Shares, NESR Corp substitutes for NESRH as an assignee of the Loan Contracts and any remaining contractual
rights to purchase the Company Shares and only obtains such warranties as available to NESRH. NESR Corp indemnifies, defends
and holds NESRH harmless from any claims brought by any entity against NESRH with respect to the Company Shares or the Loan
Contracts and releases NESRH from all liabilities to NESR Corp upon Closing Date.

 

7.        
   Amendment to the Agreement. This Agreement may be amended, waived or modified only by an instrument
in writing signed by each of the Parties hereto.

 

8.      
     Counterparts. This Agreement may be executed in any number of counterparts. A Party may
enter into this Agreement by executing a counterpart, but this Agreement shall not be effective until each Party has executed
at least one counterpart. Each counterpart shall constitute an original of this Agreement but all the counterparts together
constitute the same instrument.

 

9.       
    Remedies and Waivers. No breach by either Party of any provision of this Agreement shall be
waived or discharged except with the express written consent of the other Party. No failure or delay by a Party in exercising
any right, power or privilege under this Agreement or at law shall operate as a waiver of that right, power or privilege and
no single or partial exercise by a Party of any right, power or privilege shall preclude any further exercise of that right,
power or privilege or the exercise of any other right, power or privilege of such Party under this Agreement or any
applicable laws. The rights, benefits and remedies provided in this Agreement are cumulative.

 

10.          Termination.
This Agreement may be terminated by NESRH or NESR Corp only if the shareholders of NESR Corp do not approve the consummation of
the acquisition of the Company. In that event, except for the provisions specifically provided for in the Agreement that shall
survive termination, this Agreement shall forthwith become void and there shall be no further liability on the part of any Party
for such termination.

 

     

     

    

 

11.       Invalidity.
The invalidity, and legality, are unenforceability of any provision of this Agreement shall not affect the validity, the legality,
or enforceability of any other provision of this Agreement.

 

12.       Governing
Law and Jurisdiction. Texas law shall apply to construe and interpret the terms of this Agreement. In the event of any dispute
or failure to perform by either Party, the Parties agree to submit any dispute to the courts of Harris County Texas for resolution,
and each Party hereby agrees to and submits to any court with proper jurisdiction in Harris County Texas. Because damages may not
an adequate remedy for failure to perform, the Parties agree that either may seek injunctive relief for enforcement of the provision
or this Agreement in the courts of Harris County or any court of competent jurisdiction. The Parties agree that no bond shall be
required by the Party seeking injunctive relief.

 

Signed and agreed by
the Parties or their duly authorized representatives as of the date written above on the first page.

 

	NESR HOLDINGS Ltd.
	 
	By:	 	 
	Printed Name:	 	 
	Title:	 	 
	 	 	 	 	 
	NATIONAL ENERGY SERVICES REUNITED CORP.
	 
	By:	 	 
	Printed Name:	 	 	 
	Title:	 	 

 

    	4 

     

    

 

EXHIBIT A

LOAN CONTRACTS

 

	DATE OF CONTRACT	LENDER 

NAME	
        AMOUNT OF 

LOAN

        

        USD

        
	NUMBER OF GES SHARES 

PURCHASED 

WITH LOAN
	Nov 5, 2017	Unaffiliated investor	$14,250,000	     28,500
	Oct 20, 2017	Unaffiliated investor 	$2,500,000	       5,000
	Oct 5, 2017	Unaffiliated investor	$8,900,000	     17,800
	Sept 21, 2017	Antonio Jose Campo Mejia	$1,200,000	       2,400
	Sept 21, 2017	Unaffiliated investor	$300,000	          600
	Sept 21, 2017	Unaffiliated investor 	$200,000	          400
	Sept 21, 2017	Unaffiliated investor 	$1,000,000	       2,000
	Sept 21, 2017	Unaffiliated investor 	$150,000	          300
	Sept 21, 2017	Round Up Resource Service, Inc. 	$500,00	       1,000
	Sept 21, 2017         	Unaffiliated investor 	$100,000	          200
	Sept 21, 2017	Unaffiliated investor	$150,000	          300
	Total	 	$29,250,000	     58,500

 

    5

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