Exhibit 10.31


 


Global Geophysical Services, Inc.


13927 S. Gessner Rd.


Missouri City, TX  77489


713-972-9200


 


December 29, 2009


 


Richard Degner


2127 Bissonnet St.


Houston, TX  77005


 


Re:          Request
for Repurchase of Company shares


 


Dear Richard,


 


Pursuant to the Board
approved repurchase of shares dated December 28, 2009, and your letter to
the Company dated December 29, 2009, Global Geophysical Services has
agreed to purchase 188,000 shares from you at a price of $14.00 per share.  The money will be wired to your account by
the end of this month.


 


Should you have any
questions, please do not hesitate to contact me.


 


Sincerely,


 


Alvin L. Thomas


Sr. Vice President &
General Counsel


Global Geophysical Services, Inc.


 

















 


December 29, 2009


 


Alvin L. Thomas


Sr. Vice President,
Secretary


& General Counsel


Global Geophysical Services, Inc.


13927 S. Gessner Rd.


Missouri City, TX  77489


 


Re:          Buyback of Company shares


 


Dear Alvin,


 


I currently hold 1,243,000
shares of Series A Preferred Stock of the Company.  Of these shares, I wish to convert 188,000
shares to Class B Common shares, and sell these back to the Company at a
price of $14.00 per share, pursuant to the board approved repurchase of shares
on December 28, 2009.  I wish to
sell all 75,000 shares from Preferred A certificate #101, and 113,000 shares
from Preferred A certificate #5, leaving me a total balance of 1,055,000 shares
of Series A Preferred Stock.


 


Should you have any
questions, please do not hesitate to contact me.


 


Sincerely,


 


 


Richard Degner


 

















 


Global Geophysical Services, Inc.


13927 S. Gessner Rd.


Missouri City, TX  77489


713-972-9200


 


December 29, 2009


 


Tom Fleure


4310 Peninsula Place


Missouri City, TX  77459


 


Re:          Request
for Repurchase of Company shares


 


Dear Tom,


 


Pursuant to the Board
approved repurchase of shares dated December 28, 2009, and your letter to
the Company dated December 29, 2009, Global Geophysical Services has
agreed to purchase 25,000 shares from you at a price of $14.00 per share.  The money will be wired to your account by
the end of this month.


 


Should you have any
questions, please do not hesitate to contact me.


 


Sincerely,


 


Alvin L. Thomas


Sr. Vice President &
General Counsel


Global Geophysical Services, Inc.


 

















 


December 29, 2009


 


Alvin L. Thomas


Sr. Vice President,
Secretary


& General Counsel


Global Geophysical Services, Inc.


13927 S. Gessner Rd.


Missouri City, TX  77489


 


Re:          Buyback of Company shares


 


Dear Alvin,


 


I currently hold 364,000
shares of Class B Common Stock of the Company.  Of these shares, I wish to sell 25,000 shares
back to the Company at a price of $14.00 per share, pursuant to the board
approved repurchase of shares on December 28. 2009.


 


Should you have any
questions, please do not hesitate to contact me.


 


Sincerely,


 


 


Thomas J. Fleure


 

















 


Global Geophysical Services, Inc.


13927 S. Gessner Rd.


Missouri City, TX  77489


713-972-9200


 


December 29, 2009


 


Heidi Brown


2402 Cezanne Circle


Missouri City, TX  77459


 


Re:          Request
for Repurchase of Company shares


 


Dear Heidi,


 


Pursuant to the Board
approved repurchase of shares dated December 28, 2009, and your letter to
the Company dated December 29, 2009, Global Geophysical Services has
agreed to purchase 57,143 shares from you at a price of $14.00 per share.  The money will be wired to your account by
the end of this month.


 


Should you have any
questions, please do not hesitate to contact me.


 


Sincerely,


 


Alvin L. Thomas


Sr. Vice President &
General Counsel


Global Geophysical Services, Inc.


 

















 


December 29, 2009


 


Alvin L. Thomas


Sr. Vice President,
Secretary


& General Counsel


Global Geophysical Services, Inc.


13927 S. Gessner Rd.


Missouri City, TX  77489


 


Re:          Buyback of Company shares


 


Dear Alvin,


 


I currently hold 456,250
shares of Series A Preferred Stock of the Company.  Of these shares, I wish to convert 57,143
shares to Class B Common shares, and sell these back to the Company at a
price of $14.00 per share, pursuant to the board approved repurchase of shares
on December 28, 2009.  I wish to
sell all 57,143 shares from Preferred A certificate #23, leaving me a total
balance of 399,107 shares of Series A Preferred Stock.


 


Should you have any
questions, please do not hesitate to contact me.


 


Sincerely,


 


 


Heidi Brown


 

















 


Global Geophysical Services, Inc.


13927 S. Gessner Rd.


Missouri City, TX  77489


713-972-9200


 


December 29, 2009


 


John Degner


3752 Lake St.


Houston, TX  77098


 


Re:          Request
for Repurchase of Company shares


 


Dear John,


 


Pursuant to the Board
approved repurchase of shares dated December 28, 2009, and your letter to
the Company dated December 29, 2009, Global Geophysical Services has
agreed to purchase 37,500 shares from you at a price of $14.00 per share.  The money will be wired to your account by
the end of this month.


 


Should you have any
questions, please do not hesitate to contact me.


 


Sincerely,


 


Alvin L. Thomas


Sr. Vice President &
General Counsel


Global Geophysical Services, Inc.


 

















 


December 29, 2009


 


Alvin L. Thomas


Sr. Vice President,
Secretary


& General Counsel


Global Geophysical Services, Inc.


13927 S. Gessner Rd.


Missouri City, TX  77489


 


Re:          Buyback of Company shares


 


Dear Alvin,


 


I currently hold 470,000
shares of Series A preferred Stock of the Company.  Of these shares, I wish to convert 37,500
shares to Class B Common shares, and sell these back to the Company at a
price of $14.00 per share, pursuant to the board approved repurchase of shares
on December 28, 2009.  I wish to
sell 37,500 shares from Preferred A certificate #6, leaving me a total balance
of 432,500 shares of Series A Preferred Stock.


 


Should you have any
questions, please do not hesitate to contact me.


 


Sincerely,


 


 


Richard Degner














 




	
  

  	
   

  	
   

  Global Geophysical
  Services, Inc.

  13927 S. Gessner Rd

  Missouri City, Tx 77489

  713-972-9200

  






 


December 29,
2009


 


Craig
Lindberg


13927
S. Gessner Rd. 


Missouri
City, Tx 77489


 


Re: Request for Repurchase of Company
shares 


 


Dear
Craig,


 


Pursuant
to the Board approved repurchase of shares dated December 28, 2009, and
your letter to the Company dated December 29, 2009, Global Geophysical
Services has agreed to purchase 43,920 shares from you at a price of $14.00 per
share. The money will be wired to your account by the end of this month.


 


Should
you have any questions, please do not hesitate to contact me. 


 


 


	
  Sincerely,

  	
   

  
	
   

  	
   

  
	
  /s/ Alvin L.
  Thomas

  	
   

  
	
  Alvin
  L. Thomas

  	
   

  
	
  Sr.
  Vice President & General Counsel

  	
   

  
	
  Global Geophysical
  Services, Inc.

  	
   

  



 

















 


December 29,
2009


 


Richard
A. Degner


Global
Geophysical Services, Inc. 


13927
S. Gessner Rd.


Missouri
City, Texas 77489


 


Richard:


 


This
letter is to notify you that per Section VII (D) of the Transition
Agreement between myself and Global Geophysical Services Inc., (“Global”) I
would like to sell back shares of my Global capital stock. I wish to sell
43,920 shares of Global Common B stock back to the Global at $14.00 per share,
pursuant to the board approved repurchase of shares on December 28, 2009.
I would like the sale to occur in 2009. Please find instructions below for the
amount of $614,880.00 to be wired into my bank account.


 


	
  Best
  regards,

  	
   

  
	
   

  	
   

  
	
  /s/
  Craig Lindberg

  	
   

  
	
  Craig
  Lindberg

  	
   

  



 


 


Approved
by:


 


 


	
  /s/
  P. Mathew Verghese

  	
   

  
	
  Mathew
  Verghese

  	
   

  
	
  Sr.
  Vice President & CFO