Notation of Guarantee by SAExploration Subsidiaries for Indenture Notes (July 27, 2016)
This agreement is a guarantee by several SAExploration subsidiaries, including SAExploration Sub, Inc., SAExploration, Inc., SAExploration Seismic Services (US), LLC, and NES, LLC. They jointly and unconditionally promise to pay the principal, interest, and any other obligations on certain notes issued by SAExploration Holdings, Inc., as outlined in an Indenture dated July 27, 2016. The guarantee ensures that if the main company cannot meet its payment or performance obligations, the guarantors will fulfill them according to the Indenture's terms. The agreement is governed by New York law.
Exhibit 4.3
NOTATION OF GUARANTEE
For value received, each Guarantor (which term includes any successor to such Guarantor under the Indenture referred to below) has, jointly and severally, fully and unconditionally guaranteed, to the extent set forth in the Indenture and subject to the provisions in the Indenture dated as of July 27, 2016 (the “Indenture”) among SAExploration Holdings, Inc., (the “Company”), the Guarantors party thereto and Wilmington Savings Fund Society, FSB, as trustee, and the Noteholder Collateral Agent (the “Trustee”) (a) the due and punctual payment of the principal of, premium, if any, and interest, if any, on, the Notes, whether at maturity, by acceleration, redemption or otherwise, the due and punctual payment of interest, to the extent permitted by applicable law, on overdue principal of and overdue interest on the Notes, if any, and the due and punctual performance of all other obligations of the Company to the Holders or the Trustee all in accordance with the terms of the Indenture and (b) in case of any extension of time of payment or renewal of any Notes or any of such other obligations, that the same shall be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. The obligations of the Guarantors to the Holders of Notes and to the Trustee pursuant to the Note Guarantee and the Indenture, and the limitations thereon, are expressly set forth in Article 11 of the Indenture and reference is hereby made to the Indenture for the precise terms of the Note Guarantee.
This Note Guarantee shall be governed by and construed in accordance with the law of the State of New York.
Capitalized terms used but not defined herein have the meanings given to them in the Indenture.
[Signature Page Follows]
| SAEXPLORATION SUB, INC., as a Guarantor | ||
| By: | /s/ Brent Whiteley | |
| Name: Brent Whiteley | ||
| Title: Chief Financial Officer, General Counsel and Secretary | ||
| SAEXPLORATION, INC., as a Guarantor | ||
| By: | /s/ Brent Whiteley | |
| Name: Brent Whiteley | ||
| Title: Chief Financial Officer, General Counsel and Secretary | ||
| SAEXPLORATION SEISMIC SERVICES (US), LLC, as a Guarantor | ||
| By: | /s/ Brent Whiteley | |
| Name: Brent Whiteley | ||
| Title: Chief Financial Officer, General Counsel and Secretary | ||
| NES, LLC, as a Guarantor | ||
| By: | /s/ Brent Whiteley | |
| Name: Brent Whiteley | ||
| Title: Chief Financial Officer, General Counsel and Secretary | ||
[Signature Page to Notation of Guarantee]
