Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 1, 2022 Nabors Industries Ltd. ("Nabors") and its indirect wholly-owned subsidiary, Nabors Industries, Inc. ("NII") entered into a second amendment to the executive employment agreement with William Restrepo, the Chief Financial Officer of each of Nabors and NII (the "Second Amendment"). The Second Amendment increases the annual rate of base salary payable under Mr. Restrepo's employment agreement from $650,000 per year to $750,000 per year.

The foregoing description of the Second Amendment is qualified in its entirety by reference to the Second Amendment, which is included as Exhibit 10.1to this Form 8-K and is incorporated in this Item 5.02 by reference.

Item 9.01 Financial Statements and Exhibits.





(d) Exhibits.



Exhibit
No.                                     Description

  10.1       Second Amendment to Amended and Restated Executive Employment
           Agreement, dated January 1, 2022, among Nabors Industries Ltd., Nabors
           Industries, Inc. and William Restrepo.

     104   Cover Page Interactive Data File (embedded within the Inline XBRL
           document).

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