AMENDED AND RESTATED RESTRUCTURING SUPPORT AGREEMENTRestructuring Support Agreement • February 12th, 2021 • Ion Geophysical Corp • Oil & gas field exploration services • New York
This AMENDED AND RESTATED RESTRUCTURING SUPPORT AGREEMENT (together with all exhibits, schedules, and attachments hereto (the “Exhibits”), as amended, supplemented, or otherwise modified from time to time in accordance with the terms hereof, this “Agreement”) is entered into as of February 11, 2021 by and among (i) ION Geophysical Corporation (“ION”) and each of the subsidiary guarantors identified on the signature pages hereto (the “Subsidiary Guarantors” and together with ION, the “Company”); and (ii) the undersigned holders of the Existing Second Lien Notes (as defined below) (together with their respective successors and permitted assigns under this Agreement, each a “Supporting Noteholder” and, collectively, the “Supporting Noteholders”) and amends and restates in its entirety that certain Restructuring Support Agreement, dated as of December 23, 2020 by and among (x) the Company; and (y) the Supporting Noteholders (the “Restructuring Support Agreement”). The Company and the Suppo
RESTRUCTURING SUPPORT AGREEMENTRestructuring Support Agreement • February 12th, 2021 • Ion Geophysical Corp • Oil & gas field exploration services • New York
This RESTRUCTURING SUPPORT AGREEMENT (together with all exhibits, schedules, and attachments hereto (the “Exhibits”), as amended, supplemented, or otherwise modified from time to time in accordance with the terms hereof, this “Agreement”), dated as of February 11, 2021, is entered into by and among (i) ION Geophysical Corporation (“ION”) and each of its subsidiaries identified on the signature pages hereto (the “Subsidiary Guarantors” and together with ION, the “Company”); and (ii) PNC Bank, National Association (“PNC”), in its capacity as agent and as lender under the Credit Agreement (as defined below). The Company and PNC are referred to herein as the “Parties” and each individually as a “Party”. Capitalized terms used herein and not defined herein shall have the meanings ascribed to such terms in the Supporting Noteholder Restructuring Support Agreement (as defined below).
