Document:

EX-10.1

 Exhibit 10.1 
  

					
	

	  		  	 11550 Fuqua St., Ste. 475

Houston, Texas 77034
 281-481-1040 Main

hlb-cpa.com

 August 7, 2019 

Mr. L. Melvin Cooper 
 Audit Committee Chairman 

SAExploration Holdings, Inc. 
 1160 Dairy Ashford,
Suite 160 
 Houston, TX 77079 
  

	Re:	 Agreement for Consulting Services 

Dear Mel: 
 Thank you for
selecting Ham, Langston & Brezina, L.L.P. (“HL&B” or “we”). We appreciate the opportunity to provide advisory, accounting and interim CFO services to SAExploration Holdings, Inc. and its subsidiaries
(“Client” or “you”). As explained below, we will provide professional services to you under an Agreement for Consulting Services (“Agreement”). 

The attached Terms and Conditions sets forth the standard terms and conditions that will govern HL&B’s provision of consulting
services to you. The Terms and Conditions shall be effective for a period of three years beginning on the date of this letter. Once effective, you may engage HL&B to perform services for you under a statement of work (“SOW”). A
separate SOW will be required for each project that HL&B performs for you. Each SOW or any other services provided during the above-referenced period, along with this letter and the Terms and Conditions, shall constitute the Agreement. Work
performed outside a separate SOW will be at our standard rates, or rates otherwise agreed to, and related expenses will be charged. 

Please acknowledge your acceptance of the foregoing by signing and returning a copy of this letter to Kevin Hubbard. 

Houston    |    Galleria    |    Galveston 

 SAExploration Holdings, Inc. 

August 7, 2019 
 Page 2 

If you have any questions, please contact Kevin Hubbard at
281-617-0273. 
 Very truly yours, 

Ham, Langston & Brezina, L.L.P. 
  

							
	 By:
	 	 /s/ Kevin Hubbard
	  		  	 Date: August 8, 2019

	 Name:
	 	 Kevin Hubbard
	  		  	
	 Title:
	 	 Partner
	  		  	

 Accepted and Agreed to by: 

SAExploration Holdings, Inc. 
  

							
	 By:
	 	 /s/ L. Melvin Cooper
	  		  	 Date: August 15, 2019

	 Name:
	 	 L. Melvin Cooper
	  		  	
	 Title:
	 	 Audit Committee Chairman
	  		  	

 HAM, LANGSTON & BREZINA, L.L.P. 

Terms and Conditions 

 

 1. General. These Terms and Conditions shall apply to all services HL&B performs at
Client’s request (the “Services”) even if such services are not expressly covered by a Statement of Work (“SOW”). To the extent there is any conflict or inconsistency between the Terms and Conditions and any
SOW, unless otherwise agreed to in writing, the Terms and Conditions shall prevail. 
 2. Termination. Each party shall have the right
to terminate this Agreement and/or any SOW, as applicable, at any time by giving written notice to the other party not less than 10 business days before the effective date of termination. If this Agreement terminates or is terminated while one or
more SOWs remain outstanding, the terms of this Agreement shall continue to govern the SOW, and the entire Agreement shall be deemed finally terminated only upon termination of all outstanding SOWs, or completion of the work thereunder. Termination
of one or more SOWs will not terminate this Agreement. In addition, HL&B may terminate this Agreement and/or any SOW immediately if HL&B reasonably determines that it must do so in order to comply with applicable professional standards,
applicable laws or regulations (e.g., a conflict of interest arises). If the Agreement and/or any SOW is terminated, Client agrees to compensate HL&B for the Services performed and expenses incurred through the effective date of
termination.  
 3. Indemnification and Limitation of Liability. As the Services are intended for Client and not third
parties, Client agrees to release, indemnify and hold harmless HL&B and its members, partners, employees, contractors and agents (collectively “HL&B Group”) from and against any and all third-party claims, liabilities, or
expenses relating to the Services in contract, statute, or tort. Client further agrees to release, indemnify and hold harmless HL&B Group from any liability and costs relating to the Services attributable to any misrepresentations made by
Client. Except to the extent finally determined to have resulted from HL&B Group’s gross negligence or intentional misconduct, HL&B Group’s liability shall not

 
exceed the aggregate amount of fees paid by Client to HL&B during the 12 months preceding the date of the claim pursuant to the applicable SOW or such other work performed outside an SOW,
under which the Claim arose. In no event shall HL&B Group be liable for consequential, special, indirect, incidental, punitive, or exemplary losses or damages relating to the Agreement. 

4. Third-Parties and Use. All Services hereunder shall be solely for Client’s use and benefit pursuant to our client relationship.
This engagement does not create privity between HL&B and any person or party other than you, and is not intended for the express or implied benefit of any third party. Although you may disclose our advice, opinions, reports, or other services
(but not our work papers) to any person without limitation, no third party is entitled to rely, in any manner or for any purpose, on the Services or deliverables of HL&B hereunder. 

5. HL&B Responsibilities. HL&B’s Services will not constitute an audit, review, examination or other form of attestation.
HL&B shall have no responsibility to address any legal matters or questions of law. Subsequent to the completion of the Services, HL&B will update its advice, recommendations or work product for changes or modifications to the law and
regulations or for subsequent events or transactions, only if Client separately engages HL&B to do so in writing. 
 6. Fees and
Expenses. The fees and expenses under this Agreement shall be set forth in the applicable SOW. If no SOW is in place, fees will be at our standard rates, or rates otherwise agreed to, and related expenses will be charged. HL&B may charge
additional fees if Client requests that HL&B perform services in addition to the Services described in the SOW. The amount of our fees is based upon the expectation that certain information and assistance will be received by HL&B in a timely
manner from Client as detailed in this Agreement. If HL&B believes an additional fee is required as the result of the failure of Client to meet any of

 

 
these requests for information or for any other reason, HL&B will inform you promptly. 

Unless otherwise agreed to in an SOW, our standard practice is to render our invoices on a monthly basis. Payment of our
invoices is due upon receipt. Invoices that are unpaid 30 days past the invoice date are deemed delinquent and we reserve the right to charge interest on the past due amount at the lesser of 1.0% per month or the maximum amount permitted by law. If
an account has fees that are not paid in a timely manner, then we reserve the right to suspend our Services, withhold delivery of any deliverables, or withdraw from this engagement entirely if any payment of our invoices is delinquent. If any
collection action is required, you agree to reimburse us for our costs of collection, including attorneys’ fees. 
 7. Dispute
Resolution; Claims. Any dispute or claim between you and HL&B arising out of or relating to the Agreement or a breach of the Agreement, including, without limitation, claims for breach of contract, professional negligence, breach of
fiduciary duty, misrepresentation, fraud and disputes regarding attorney fees and/or costs charged under this Agreement (except to the extent provided below) shall be submitted to binding arbitration before the American Arbitration Association, and
subject to the Commercial Arbitration Rules. The arbitration proceeding shall take place in the city in which the HL&B office providing the majority of the Services involved is located, unless the parties agree in writing to a different
location. The arbitration shall be governed by the provisions of the laws of the State of Texas (except if there is no applicable state law providing for such arbitration, then the Federal Arbitration Act shall apply) and the substantive law of such
state shall be applied without reference to conflicts of law rules. The parties shall bear their own legal fees and costs for all claims. The arbitration proceedings shall be confidential. You acknowledge that by agreeing to this Arbitration
provision, you are giving up the right to litigate claims against

 
HL&B, and important rights that would be available in litigation, including the right to trial by judge or jury, to extensive discovery and to appeal an adverse decision. You acknowledge that
you have read and understand this arbitration provision, and that you voluntarily agree to binding arbitration. 
 No
claim or action arising out of or relating to this Agreement or the Services hereunder may be brought by either party hereto (i) more than 24 months after the claiming party first knows or has reason to know that the claim or cause of action
has accrued, or (ii) more than 60 months following the completion of the Services to which the claim relates. This paragraph will shorten, but in no event extend, any otherwise legally applicable period of limitations on such claims. 

8. Power and Authority. Each of the parties hereto has all requisite power and authority to execute and deliver this Agreement and to
carry out and perform its respective obligations hereunder. This Agreement constitutes the legal, valid and binding obligations of each party, enforceable against such party in accordance with its terms. 

9. Subpoenas. If Client requests HL&B to object to or respond to, or HL&B receives and responds to, a validly issued third party
subpoena, court order, government regulatory inquiry, or other similar request of or legal process for the production of documents and/or testimony relative to information we obtained and/or prepared during the course of this or any prior
engagements with Client, you agree to compensate us for all time HL&B expends in connection with such response, at our regular rates, and to reimburse HL&B for all related
out-of-pocket costs (including outside lawyer fees) that we incur. 

10. Email Communications. HL&B disclaims and waives, and the Client releases HL&B from, any and all liability for the
interception or unintentional disclosure of email transmissions or for the unauthorized

 

 
use or failed delivery of emails transmitted or received by HL&B in connection with the performance of the Services. 

11. External Computing Options. If, at the Client’s request, HL&B agrees to use certain external commercial services, including
but not limited to services for cloud storage, remote control, and/or file sharing options (collectively “External Computing Options”), that are outside of HL&B’s standard security protocol, the Client acknowledges that
such External Computing Options may be associated with heightened security and privacy risks. Accordingly, HL&B disclaims and waives, and the Client releases HL&B from, any and all liability arising out of or related to the use of such
External Computing Options. 
 12. Electronic Transmissions. This Agreement may be transmitted in electronic format and shall not be
denied legal effect solely because it was formed or transmitted, in whole or in part, by electronic record; however, this Agreement must then remain capable of being retained and accurately reproduced, from time to time, by electronic record by the
parties to this Agreement and all other persons or entities required by law. An electronically transmitted signature to this Agreement will be deemed an acceptable original for purposes of consummating this Agreement and binding the party providing
such electronic signature. 
 13. Severability. If any portion of this Agreement is held to be void, invalid, or otherwise
unenforceable in whole or in part, for any reason whatsoever, such portion of this Agreement shall be amended to the minimum extent required to make the provision enforceable and the remaining portions of this Agreement shall remain in full force
and effect. 
 14. Independent Contractor. HL&B is providing the Services to Client as an independent contractor. HL&B’s
obligations to Client are exclusively contractual in nature. This Agreement does not create any agency, employment, partnership, joint venture, trust, or other fiduciary relationship

 
between the parties. Neither HL&B nor Client shall have the right to bind the other to any third party or otherwise to act in any way as a representative or agent of the other except as
otherwise agreed in writing between the parties. 
 15. Confidentiality. Each of the parties hereto shall treat and keep any and all
of the “Confidential Information” as confidential, with at least the same degree of care as it accords to its own confidential information, but in no event less than a reasonable degree of care. “Confidential Information”
means all non-public information that is marked as “confidential” or “proprietary” or that otherwise should be understood by a reasonable person to be confidential in nature that is
obtained by one party (the “Receiving Party”) from the other party (the “Disclosing Party”). All terms of this Agreement and all information provided pursuant to this Agreement are considered Confidential
Information. Notwithstanding the foregoing, Confidential Information shall not include any information that was or is: (a) known to the Receiving Party prior to disclosure by the Disclosing Party; (b) as of the time of its disclosure, or
thereafter becomes, part of the public domain through a source other than the Receiving Party; (c) made known to the Receiving Party by a third person who is not subject to any confidentiality obligation known to Receiving Party and such third
party does not impose any confidentiality obligation on the Receiving Party with respect to such information; (d) required to be disclosed pursuant to governmental authority, professional obligation, law, decree regulation, subpoena or court
order; or (e) independently developed by the Receiving Party. In no case shall the tax treatment or the tax structure of any transaction be treated as confidential as provided in Treas. Reg. sec.
1.6011-4(b)(3). If disclosure is required pursuant to subsection (d) above, the Disclosing Party shall (other than in connection with routine supervisory examinations by regulatory authorities with
jurisdiction and without breaching any legal or regulatory requirement) provide prior written notice

 

 
thereof to allow the other party to seek a protective order or other appropriate relief. Upon the request of the Disclosing Party, the Receiving Party shall return or destroy any and all of the
Confidential Information except for (a) copies retained in work paper files retained to comply with a party’s professional or legal obligations and (b) such Confidential Information located on electronic
back-up tapes (in accordance with the Receiving Party’s normal data back-up procedures) where such tapes are not easily accessible to Receiving Party’s
employees or partners. 
 16. Entire Agreement. This Agreement sets forth the entire agreement between the parties with respect to the
subject matter herein, superseding all prior agreements, negotiations, or understandings, whether oral or written, with respect to the subject matter herein. This Agreement may not be changed, modified, or waived in whole or part except by an
instrument in writing signed by both parties. 

 

					
	

	  		  	 11550 Fuqua St., Ste. 475

Houston, Texas 77034
 281-481-1040 Main

hlb-cpa.com

 August 7, 2019 

Mr. L. Melvin Cooper 
 Audit Committee Chairman 

SAExploration Holdings, Inc. 
 1160 Dairy Ashford,
Suite 160 
 Houston, TX 77079 
  

	Re:	 Statement of Work – Related to Agreement of Consulting Services and Terms and Conditions Dated
August 7, 2019 

 Dear Mel: 

This Statement of Work (“SOW”) for consulting services, along with the letter dated August 15, 2019 and accompanying
Terms and Conditions (which are incorporated into this SOW by reference), constitute the Agreement for Consulting Services (“Agreement”) between Ham, Langston & Brezina, L.L.P. (“HL&B” or
“we”) and SAExploration Holdings, Inc. and its subsidiaries (“Client” or “Company” or “you”). To the extent there is any conflict or inconsistency between the Terms and Conditions
and any SOW, unless otherwise agreed to in writing, the Terms and Conditions shall prevail. 
 The SOW is effective on August 15, 2019.
Any term or condition incorporated into this SOW that is an addition to the terms and conditions contained in the Terms and Conditions applies only to the services (described below) provided under this SOW. 

Scope of Services 
 HL&B agrees to
provide the advisory, accounting and interim CFO services. 
 Fee Arrangement 

HL&B’s fees for Services will be at our standard rates for the professional providing the services, or rates otherwise agreed to. 

We will also bill you for our reasonable out-of-pocket
expenses and our internal charges for certain support activities. Our internal charges include certain flat-rate amounts that reflect an allocation of estimated costs associated with general office services such as computer usage, telephone charges,
facsimile transmissions, postage and photocopying. 
 If you have any questions pertaining to this SOW, please contact Kevin Hubbard at 281-617-0273. 

Houston    |    Galleria    |    Galveston 

 SAExploration Holdings, Inc. 

August 7, 2019 
 Page 2 

HL&B values your business and looks forward to providing quality professional services to your Company. 

Very truly yours, 
 Ham, Langston &
Brezina, L.L.P. 
  

							
	 By:
	 	 /s/ Kevin Hubbard
	  		  	 Date: August 8, 2019

	 Name:
	 	 Kevin Hubbard
	  		  	
	 Title:
	 	 Partner
	  		  	

 Accepted and Agreed to by: 

SAExploration Holdings, Inc. 
  

							
	 By:
	 	 /s/ L. Melvin Cooper
	  		  	 Date: August 15, 2019

	 Name:
	 	 L. Melvin Cooper
	  		  	
	 Title:
	 	 Audit Committee ChairmanEX-10.2

 Exhibit 10.2 

SECOND AMENDMENT TO THE AMENDED AND RESTATED EXECUTIVE 

EMPLOYMENT AGREEMENT 
 This
Second Amendment to the Amended and Restated Executive Employment Agreement (the “Amendment”) is effective as of August 15, 2019 (“Effective Date”) and is entered into by and between SAExploration
Holdings, Inc., a Delaware corporation (the “Employer” or the “Company”), and Jeffrey Hastings (the “Executive”). This Amendment hereby amends Executive Employment Agreement between Employer and the
Company, as amended by that certain First Amendment to the Amended and Restated Executive Employment Agreement (the “Agreement”). Words and phrases used herein with initial capital letters that are defined in the Agreement are used
herein as so defined. 
 I. 
 Section 2 of
the Agreement is hereby amended in its entirety to read as follows: 
 Administrative Leave. During the Term,
Executive shall perform those duties as the Company may reasonably request from time to time. In addition, during the Term, the Company may place Executive on Administrative Leave. While on Administrative Leave, Executive will remain an employee of
the Company and the following terms shall apply during any period of Administrative Leave: 
  

	 	(a)	 Point of Contact. Mel Cooper (“Cooper”), Director, will be Executive’s primary
point of contact for matters relating to Employer’s business and/or Executive’s employment with the Company. Executive shall perform those services as Cooper may direct or approve from time to time. 

 

	 	(b)	 Cooperation. Upon reasonable request, Executive agrees to cooperate with the Company and all individuals
employed by the Company in any and all matters relating to the Company, including cooperation in any transition of his duties as Chief Executive Officer and Chairman of the Board, as well as any ongoing investigations by the Securities and Exchange
Commission (the “SEC”) and related investigations or any other related matters at the request of the Company. 

  

	 	(c)	 No Interference. Executive agrees that he will not discuss with any current Company employees or
potential or actual customers of the Company, or otherwise interfere with, directly or indirectly, any matters relating to the SEC investigation, the Company’s own investigation, any Company business, or any related matters. Notwithstanding the
foregoing, Executive may discuss these matters with Cooper, as well as others so long as Cooper gives Executive permission to do so. Nothing in this agreement inhibits or prohibits Executive from: (i) communicating with the SEC or any other
government agency about any matter, or (ii) making disclosures that may be required by law or compelled by legal process. 

  

	 	(d)	 Disclosure of Regulatory Issues. Executive represents and warrants that he has previously disclosed or
will in the future disclose and advise the 

  
 Employment Agreement
Amendment – Hastings 

	 	
Company of all instances of any alleged regulatory violations or potential noncompliance of law by the Company of which he is aware. Executive further agrees that he will make no knowing and
intentional misstatements of fact to Jones Day and Ankura investigators in interviews. 

  

	 	(e)	 Access. Executive agrees that the Company may limit or prohibit access to the Company’s electronic
communications systems – including computer hardware, desk top computers, lap top computers, telephones, software, voicemail, e-mail, the network and all data – and Company assets, including but not
limited to Company bank accounts. 

  

	 	(f)	 Authority. Executive may not bind the Company contractually or otherwise unless approved by Cooper.

 II. 
 Section 3 of
the Agreement is hereby amended by deleting such section in its entirety. 
 III. 

Section 5(b) of the Agreement is hereby amended by adding the following clause as subpart (iii). 

The following shall not be deemed a “Good Reason” event, a material diminution in the nature and scope the
Executive’s authorities or duties, or a material breach of this Agreement: (a) any placement by the Company of Executive on Administrative Leave and (b) any actions taken by the Company consistent with this Amendment. 

IV. 
 Section 5(h) of the Agreement is
hereby amended in its entirety to read as follows 
 Although remaining an employee of the Company, Executive shall be deemed
to have resigned from each position that he held as a director or officer of the Company prior to the date he signs this Amendment. Executive shall, at the request of the Company, forthwith execute any and all documents appropriate to evidence such
resignations. 
 V. 
 The Agreement is hereby
amended by adding the following paragraph as Section 27. 
 Preservation of Confidential Information. Executive
agrees and represents that, during the Term, Executive will preserve all documents in his possession that constitute Confidential Information, and any and all Company property, including, but not limited to, smart phones, tablets, electronic storage
devices, hard drives, laptop computers, desk top computers software and related program passwords, including any Confidential Information that resides on any of Executive’s personal electronic devices 

Except as specifically modified herein, the Agreement shall remain in full force and effect in accordance with all of the terms and conditions
thereof. For the avoidance of doubt, nothing herein 

  
 Employment Agreement
Amendment – Hastings 

 
amends or limits Executive’s rights pursuant to Section 5(d) of the Agreement, as Executive retains all such rights. This Agreement may be executed in separate counterparts, each of
which will be deemed an original, but all of which together will constitute one and the same instrument. Delivery of an executed signature page to this Amendment by facsimile or other electronic transmission (including documents in Adobe PDF format)
will be effective as delivery of a manually executed counterpart to this Amendment. 
 [SIGNATURE PAGE FOLLOWS] 

  
 Employment Agreement
Amendment – Hastings 

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

			
	SAEXPLORATION HOLDINGS, INC.
		
	By:	 	/s/ L. Melvin Coopers
	Name:	 	L. Melvin Coopers
	Title:	 	Special Committee of SAE BOD Member
	
	EXECUTIVE
		
	By:	 	/s/ Jeffrey Hastings
	Name:	 	Jeffrey Hastings

  
 Employment Agreement
Amendment – Hastings

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