National Services Reunited Corp. (company), was incorporated in the British Virgin Islands as a company with limited liability on January 23, 2017 for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation, or contractual control arrangement with, purchasing all or substantially all of the assets of, or engaging in any other similar business combination with one or more businesses or entities. On June 6, 2018, the company consummated the transactions contemplated by those certain stock purchase agreements dated November 12, 2017, namely the stock purchase agreement (NPS stock purchase agreement) for shares of NPS Holdings Limited (‘NPS') and the Agreement for the Sale and Purchase of Shares in Gulf Energy S.A.O.C. (‘GES Stock Purchase Agreement' and, together with the NPS Stock Purchase Agreement, the ‘Stock Purchase Agreements'), along with related contracts, all of which collectively provide for: acquisition of all of the outstanding issued shares and other equity interests in NPS, and acquisition, of all of the issued and outstanding shares of capital stock in Gulf Energy S.A.O.C. (‘GES').

Both NPS and GES shall be referenced hereafter as the ‘Target Companies.' The Target Companies and their consolidated subsidiaries shall be referenced hereafter as ‘NPS Group' and ‘GES Group,' respectively, and collectively as the ‘Target Group,' and the acquisitions of the Target Companies and related transactions collectively shall be referenced hereafter as the ‘Business Combination'. s a result of the Business Combination, the Company will continue the business operations of the Target Companies as a publicly traded company under the name of National Energy Services Reunited Corp.

In connection with and effective as of the closing of the business combination, Thomas Wood resigned as Chief Financial Officer, and Sherif Foda continues to serve as Chief Executive Officer and Chairman of the Company. On June 12, 2018, National Energy Services Reunited Corp. announced the appointment of Ms. Melissa Cougle as Chief Financial Officer effective June 18, 2018.

Ms. Cougle has over 15 years of experience as a finance professional in the oil field services sector. She joins NESR from Ensco plc, where she most recently served as Vice President-Integration having responsibility for global integration activities. Prior to that role, Ms. Cougle served as Vice President-Treasury where she was responsible for all capital management activities.

During her career, Ms. Cougle served in many roles at Ensco and its predecessors including: Director-Finance and Administration, Director-Internal Audit, Director-Management Reporting and Financial Systems, and Director-Corporate Accounting. Her tenure at Ensco has brought her deep knowledge in the industry and capital markets as well as related to creating processes and systems for supporting continuous improvement. Additionally, between May 23, 2018 and June 12, 2018 the Board was expanded to nine directors in connection with the completion of the Business Combination, and filled the vacancies created by the increase in board size with five persons, two (2) of whom were nominated by NPS Selling Stockholders, one (1) of whom was nominated by GES Selling Stockholders with the right to nominate one (1) additional director, and one (1) of whom was nominated by SV3, such that the company post-closing Board of Directors consist of four (4) existing NESR directors, Sherif Foda, Thomas Wood, Antonio J. Campo Mejia, and Hala Zeibak who is nominated by and representing Olayan, and five (5) new directors, of which two (2) were nominated by NPS Selling Stockholders, Salim Al Noaimi and Adnan Ghabris, one (1) was nominated by GES Selling Stockholders, Yasser Al Barami, one nominated by SV3, Andrew L. Waite, and one (1) nominated by Olayan by agreement with management of the Company pursuant to the Olayan Relationship Agreement Nadhmi Al-Nasr. Compared to the Board listed in the Proxy Statement, not made Nadhmi Al-Nasr was added to increase the number of independent directors on the Board.