Engagement Letter, dated as of August 15, 2019, between SAExploration Holdings, Inc. and Ham, Langston & Brezina, LLP
Exhibit 10.1
11550 Fuqua St., Ste. 475 Houston, Texas 77034 281 ###-###-#### Main hlb-cpa.com |
August 7, 2019
Mr. L. Melvin Cooper
Audit Committee Chairman
SAExploration Holdings, Inc.
1160 Dairy Ashford, Suite 160
Houston, TX 77079
Re: | Agreement for Consulting Services |
Dear Mel:
Thank you for selecting Ham, Langston & Brezina, L.L.P. (HL&B or we). We appreciate the opportunity to provide advisory, accounting and interim CFO services to SAExploration Holdings, Inc. and its subsidiaries (Client or you). As explained below, we will provide professional services to you under an Agreement for Consulting Services (Agreement).
The attached Terms and Conditions sets forth the standard terms and conditions that will govern HL&Bs provision of consulting services to you. The Terms and Conditions shall be effective for a period of three years beginning on the date of this letter. Once effective, you may engage HL&B to perform services for you under a statement of work (SOW). A separate SOW will be required for each project that HL&B performs for you. Each SOW or any other services provided during the above-referenced period, along with this letter and the Terms and Conditions, shall constitute the Agreement. Work performed outside a separate SOW will be at our standard rates, or rates otherwise agreed to, and related expenses will be charged.
Please acknowledge your acceptance of the foregoing by signing and returning a copy of this letter to Kevin Hubbard.
Houston | Galleria | Galveston
SAExploration Holdings, Inc.
August 7, 2019
Page 2
If you have any questions, please contact Kevin Hubbard at ###-###-####.
Very truly yours,
Ham, Langston & Brezina, L.L.P.
By: | /s/ Kevin Hubbard | Date: August 8, 2019 | ||||
Name: | Kevin Hubbard | |||||
Title: | Partner |
Accepted and Agreed to by:
SAExploration Holdings, Inc.
By: | /s/ L. Melvin Cooper | Date: August 15, 2019 | ||||
Name: | L. Melvin Cooper | |||||
Title: | Audit Committee Chairman |
HAM, LANGSTON & BREZINA, L.L.P.
Terms and Conditions
11550 Fuqua St., Ste. 475 Houston, Texas 77034 281 ###-###-#### Main hlb-cpa.com |
August 7, 2019
Mr. L. Melvin Cooper
Audit Committee Chairman
SAExploration Holdings, Inc.
1160 Dairy Ashford, Suite 160
Houston, TX 77079
Re: | Statement of Work Related to Agreement of Consulting Services and Terms and Conditions Dated August 7, 2019 |
Dear Mel:
This Statement of Work (SOW) for consulting services, along with the letter dated August 15, 2019 and accompanying Terms and Conditions (which are incorporated into this SOW by reference), constitute the Agreement for Consulting Services (Agreement) between Ham, Langston & Brezina, L.L.P. (HL&B or we) and SAExploration Holdings, Inc. and its subsidiaries (Client or Company or you). To the extent there is any conflict or inconsistency between the Terms and Conditions and any SOW, unless otherwise agreed to in writing, the Terms and Conditions shall prevail.
The SOW is effective on August 15, 2019. Any term or condition incorporated into this SOW that is an addition to the terms and conditions contained in the Terms and Conditions applies only to the services (described below) provided under this SOW.
Scope of Services
HL&B agrees to provide the advisory, accounting and interim CFO services.
Fee Arrangement
HL&Bs fees for Services will be at our standard rates for the professional providing the services, or rates otherwise agreed to.
We will also bill you for our reasonable out-of-pocket expenses and our internal charges for certain support activities. Our internal charges include certain flat-rate amounts that reflect an allocation of estimated costs associated with general office services such as computer usage, telephone charges, facsimile transmissions, postage and photocopying.
If you have any questions pertaining to this SOW, please contact Kevin Hubbard at ###-###-####.
Houston | Galleria | Galveston
SAExploration Holdings, Inc.
August 7, 2019
Page 2
HL&B values your business and looks forward to providing quality professional services to your Company.
Very truly yours,
Ham, Langston & Brezina, L.L.P.
By: | /s/ Kevin Hubbard | Date: August 8, 2019 | ||||
Name: | Kevin Hubbard | |||||
Title: | Partner |
Accepted and Agreed to by:
SAExploration Holdings, Inc.
By: | /s/ L. Melvin Cooper | Date: August 15, 2019 | ||||
Name: | L. Melvin Cooper | |||||
Title: | Audit Committee Chairman |