On July 2, 2014, SAExploration Holdings, Inc. announced that Arnold Wong, a member of the Board of Directors of the Company, notified the Company of his decision to resign from the Board of Directors with immediate effect. Mr. Wong was designated as a nominee to the Company's Board of Directors by Former SAE and elected upon consummation of the Merger as the representative of the Administrative Agent under the 2012 Credit Agreement, which was terminated upon the repayment of the outstanding loans thereunder with the proceeds from the issuance of the Notes.