The US Bankruptcy Court approved the sale of certain assets of Forbes Energy Services Ltd. on February 10, 2017. As per the order, debtor has been authorized to sell 105 excess, aged trucks to Dealer Title Transfer, Inc. for $0.67 million, as per the agreement dated November 17, 2016. Tranche 1 of the agreement closed on November 21, 2016. Tranche 2 is still pending. Debtor also entered into the agreement with Dealer Title Transfer, Inc. to sell 142 excess, aged trucks for $1.28 million, as per the agreement dated January 12, 2017.