As previously disclosed, on April 13, 2020, SAExploration Holdings, Inc. and certain of its subsidiaries entered into a series of forbearance agreements with: certain lenders of approximately 98% of the outstanding principal amount of the loans under the Third Amended and Restated Credit and Security Agreement, dated as of September 26, 2018 (as amended, the “ABL Agreement”), by and among SAExploration Inc., a subsidiary of the company (“SAE Inc.”), as the borrower, the Company, the other Guarantors from time to time party thereto, the Lenders from time to time party thereto and Cantor Fitzgerald Securities (“Cantor”), as the agent (as amended, the “ABL Forbearance Agreement”); certain lenders of approximately 82% of the outstanding principal amount of the term loans under the Term Loan and Security Agreement, dated as of June 29, 2016 (as amended, the “Term Loan Agreement”), by and among the Company, as the borrower, the Guarantors from time to time party thereto, the Lenders from time to time party thereto and Delaware Trust Company, as the collateral agent and as the administrative agent (as amended, the “Term Loan Forbearance Agreement”); and certain holders (the “Notes Forbearing Parties” and together with the ABL Forbearing Parties and the Term Loan Forbearing Parties, the “Forbearing Parties”) of approximately 98% of the outstanding principal amount of the cmpany’s 6.00% Senior Secured Convertible Notes due 2023 (the “Convertible Notes”) issued pursuant to the indenture, dated as of September 26, 2018 (as amended, the “Convertible Notes Indenture” and together with the ABL Agreement and the Term Loan Agreement, the “Debt Instruments”), by and among the Company, the Guarantors from time to time party thereto and Wilmington Savings Fund Society, FSB, as trustee and collateral trustee (as amended, the “Convertible Notes Forbearance Agreement” and together with the ABL Forbearance Agreement and the Term Loan Forbearance Agreement, the “Forbearance Agreements”).