SAExploration Holdings, Inc., along with its affiliates, filed a second amended plan of reorganization and third amended disclosure statement in the US Bankruptcy Court on November 1, 2020. As per the amended plan filed, Term loan claims of $29 million will have a recovery range of 1.6%-3.8%, i.e. $1.10 million and will be paid through pro rata share of 100% of the new equity. Convertible notes claims and general unsecured claims will be cancelled and will receive no distribution. There is no change in treatment of any other claim class. SAExploration Holdings, Inc., along with its affiliates, filed a solicitation version of third amended disclosure statement in the US Bankruptcy Court on November 9, 2020. As per the amended plan filed, there is no change in treatment of any claim class. SAExploration Holdings, Inc., along with its affiliates, filed a modified second amended plan in the US Bankruptcy Court on December 8, 2020. As per the amended plan filed, there is no change in treatment of any claim class.