On August 16, 2013, Richard Borstmayer and Richard Marshall were appointed to the Board of Directors of Integrated Drilling Equipment Holdings Corp. Mr. Borstmayer and Mr. Marshall were appointed as Class II directors with initial terms expiring at the 2014 annual meeting of stockholders. The Board appointed each of Mr. Borstmayer and Mr. Marshall to serve on both the Audit Committee and Compensation Committee of the Board.

The Board has determined that Mr. Borstmayer and Mr. Marshall are independent directors under the NYSE MKT marketplace rules.