On March 29, 2022, ION Geophysical Corporation appointed Steven Bate, 59, its Chief Administrative Officer. In connection with such appointment, the Company entered into an Employment Agreement (the “ Employment Agreement”) with Mr. Bate, which provides for a term of employment commencing on March 29, 2022 and ending on the earliest to occur of Mr. Bate's death, resignation, or termination by the Company's Board of Directors.