Common use of Special Reports of Deficiencies or Violations Clause in Contracts

Special Reports of Deficiencies or Violations. WPX will report in reasonable detail to WMB the following events or circumstances promptly after any executive officer of WPX or any member of the WPX Board of Directors becomes aware of such matter: (A) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect WPX’s ability to record, process, summarize and report financial information; (B) any fraud, whether or not material, that involves management or other employees who have a significant role in WPX’s internal control over financial reporting; (C) any illegal act within the meaning of Section 10A(b) and (f) of the Exchange Act; and (D) any report of a material violation of law that an attorney representing any WPX Group member has formally made to any officers or directors of WPX pursuant to the SEC’s attorney conduct rules (17 C.F.R. Part 205).

Special Reports of Deficiencies or Violations. WPX Venator will report in reasonable detail to WMB Huntsman the following events or circumstances promptly after any executive officer of WPX Venator or any member of the WPX Venator Board of Directors becomes aware of such matter: (A) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect WPXVenator’s ability to record, process, summarize and report financial information; (B) any fraud, whether or not material, that involves management or other employees who have a significant role in WPXVenator’s internal control over financial reporting; (C) any illegal act within the meaning of Section 10A(b) and (f) of the Exchange Act; and (D) any report of a material violation of law Law that an attorney representing any WPX Venator Group member has formally made to any officers or directors of WPX Venator pursuant to the SEC’s attorney conduct rules (17 C.F.R. Part 205).

Special Reports of Deficiencies or Violations. WPX HXXX will report in reasonable detail to WMB HBIO the following events or circumstances promptly after any executive officer of WPX HXXX or any member of the WPX HXXX Board of Directors becomes aware of such matter: (A) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect WPX’s HXXX’x ability to record, process, summarize and report financial information; (B) any fraud, whether or not material, that involves management or other employees who have a significant role in WPX’s HXXX’x internal control over financial reporting; (C) any illegal act within the meaning of Section 10A(b) and (f) of the Exchange Act; and (D) any report of a material violation of law that an attorney representing any WPX HXXX Group member has formally made to any officers or directors of WPX HXXX pursuant to the SEC’s attorney conduct rules (17 C.F.R. Part 205).