**POLITICAL CONTRIBUTIONS** We have a policy prohibiting the contribution of Company funds to political parties or organizations or to candidates for any public office or to influence the general public, or segments thereof, with respect to public elections or referenda. **INDUSTRY INITIATIVES** We participate in certain trade organizations, such as the IADC and the EWTC, with purposes that include enhancement of the public image of and continued education about the industry, collaboration on issues that affect the industry and the development of industry best practices and standards, as well as development of industry talent. We have also held leadership positions within the IADC and the EWTC. We are a member of various subcommittees of both organizations which regularly meet to discuss practices in the contract drilling, completion services and other related industries. Many of the trade organizations also engage in legislative or political activity related to matters that affect the industry as a whole and not a specific company. We, as one of many members in various trade associations, do not direct the legislative activities of any trade organization of which we are a member.