Common use of Opinions on the Financial Statements and Internal Control over Financial Reporting Clause in Contracts

Opinions on the Financial Statements and Internal Control over Financial Reporting. We have audited the accompanying consolidated balance sheets of Plains All American Pipeline, L.P. and its subsidiaries (the “Partnership”) as of December 31, 2018 and 2017, and the related consolidated statements of operations, of comprehensive income, of changes in accumulated other comprehensive income/(loss), of changes in partners’ capital, and of cash flows for each of the three years in the period ended December 31, 2018, including the related notes (collectively referred to as the “consolidated financial statements”). We also have audited the Partnership’s internal control over financial reporting as of December 31, 2018, based on criteria established in Internal Control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Xxxxxxxx Commission (COSO). In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Partnership as of December 31, 2018 and 2017, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2018 in conformity with accounting principles generally accepted in the United States of America. Also in our opinion, the Partnership maintained, in all material respects, effective internal control over financial reporting as of December 31, 2018, based on criteria established in Internal Control - Integrated Framework (2013) issued by the COSO.

Opinions on the Financial Statements and Internal Control over Financial Reporting. We have audited the accompanying consolidated balance sheets of Plains All American Pipeline, L.P. and its subsidiaries (the “Partnership”) as of December 31, 2018 2022 and 20172021, and the related consolidated statements of operations, of comprehensive incomeincome (loss), of changes in accumulated other comprehensive income/(lossincome (loss), of changes in partners’ capital, ' capital and of cash flows for each of the three years in the period ended December 31, 20182022, including the related notes (collectively referred to as the “consolidated financial statements”). We also have audited the Partnership’s 's internal control over financial reporting as of December 31, 20182022, based on criteria established in Internal Control control - Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Xxxxxxxx Commission (COSO). In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Partnership as of December 31, 2018 2022 and 20172021, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2018 2022 in conformity with accounting principles generally accepted in the United States of America. Also in our opinion, the Partnership maintained, in all material respects, effective internal control over financial reporting as of December 31, 20182022, based on criteria established in Internal Control control - Integrated Framework (2013) issued by the COSO.

Opinions on the Financial Statements and Internal Control over Financial Reporting. We have audited the accompanying consolidated balance sheets of Plains All American PipelineGP Holdings, L.P. and its subsidiaries (the “Partnership”) as of December 31, 2018 2019 and 20172018, and the related consolidated statements of operations, of comprehensive income, of changes in accumulated other comprehensive income/(loss), of changes in partners’ capital, capital and of cash flows for each of the three years in the period ended December 31, 20182019, including the related notes (collectively referred to as the “consolidated financial statements”). We also have audited the Partnership’s internal control over financial reporting as of December 31, 20182019, based on criteria established in Internal Control - — Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Xxxxxxxx Commission (COSO). In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Partnership as of December 31, 2018 2019 and 20172018, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2018 2019 in conformity with accounting principles generally accepted in the United States of America. Also in our opinion, the Partnership maintained, in all material respects, effective internal control over financial reporting as of December 31, 20182019, based on criteria established in Internal Control - — Integrated Framework (2013) issued by the COSO.

Opinions on the Financial Statements and Internal Control over Financial Reporting. We have audited the accompanying consolidated balance sheets statements of Plains All American Pipelineassets and liabilities, L.P. including the consolidated schedules of investments, of Hercules Capital, Inc. and its subsidiaries (the “PartnershipCompany”) as of December 31, 2018 and 2017, and the related consolidated statements of operations, of comprehensive income, of changes in accumulated other comprehensive income/(loss), of changes in partners’ capital, net assets and of cash flows for each of the three years in the period ended December 31, 2018, including the related notes and financial statement schedule listed in the accompanying index (collectively referred to as the “consolidated financial statements”). We also have audited the PartnershipCompany’s internal control over financial reporting as of December 31, 2018, 2018 based on criteria established in Internal Control - Control—Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Xxxxxxxx Commission (COSO). In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Partnership Company as of December 31, 2018 and 2017, and the results of its operations operations, changes in its net assets and its cash flows for each of the three years in the period ended December 31, 2018 in conformity with accounting principles generally accepted in the United States of America. Also Also, in our opinion, the Partnership Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2018, based on criteria established in Internal Control - Control—Integrated Framework (2013) issued by the COSO.