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WPX Energy, Inc.

WPX Energy, Inc. is an oil and natural gas exploration and production company. The Company is engaged in the exploitation and development of unconventional properties. It operates in the exploration and production segment of the oil and gas industry and its operations are conducted in the United States. It is focused on exploiting, developing and growing its oil positions in the Delaware (a subset of the Permian Basin) and San Juan Basins in the southwestern United States and the Williston Basin in North Dakota. As of December 31, 2016, it operated 642 wells in the Delaware Basin and also owned interests in 783 wells operated by others. As of December 31, 2016, it held approximately 98,000 acres in the Delaware Basin, with operations located in Eddy, Lea and Chaves Counties in New Mexico and Loving, Pecos, Reeves, Ward and Winkler Counties in Texas. Its activity in the Delaware Basin is focused on the Wolfcamp Shale formation, the Bone Spring interval and the Delaware sand interval.

Stock Exchange
Symbol
New York Stock Exchange
Locations
WPX Energy, Inc.
1 One Williams Ctr TULSA   OK   74172-0140

Website: http://www.wpxenergy.com/
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Richard Muncrief

Chairman of the Board, President, Chief Executive Officer

Mr. Richard E. Muncrief is Chairman of the Board, President, Chief Executive Officer of the Company. Mr. Muncrief was appointed President and Chief Executive Officer of the Company on May 15, 2014, and on January 1, 2017 he was appointed Chairman of the Board of Directors as well. He had earlier served since June 2009 as Senior Vice President, Operations and Resource Development of Continental Resources, Inc. Prior to joining Continental, he was employed from August 2008 through May 2009 by Resource Production Company, where he served as Corporate Business Manager. From September 2007 to August 2008, he served as President, Chief Operating Officer and as a director of Quest Midstream Partners, LP. From 1980 to 2007, he served in various managerial capacities with ConocoPhillips and its predecessor companies, Burlington Resources, Meridian Oil and El Paso Exploration. Mr. Muncrief holds a B.S. in petroleum engineering technology from Oklahoma State University. Mr. Muncrief served as a director of Apco Oil and Gas International Inc. ("Apco"), a majority-owned subsidiary of the Company until January 2015, from August 2014 until January 2015.
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J. Kevin Vann

Chief Financial Officer, Senior Vice President

Mr. J. Kevin Vann is Chief Financial Officer, Senior Vice President of WPX Energy, Inc., Mr. Vann has served as Senior Vice President and Chief Financial Officer in March 2014. Mr. Vann had also served as Treasurer from September 2014 to November 2014. Prior to his appointment as Senior Vice President and Chief Financial Officer, Mr. Vann had served as Vice President, Chief Accounting Officer and Controller since December 2011. From June 2007 until December 2011, Mr. Vann served as Controller for the exploration and production business unit of Williams. He was Controller for Williams Power Company from 2006 to 2007 and Director of Enterprise Risk Management for Williams from 2002 to 2006. In his Controller positions, he was responsible for the development and implementation of internal controls to ensure effective financial and business systems, accurate financial statements and the timely provision of appropriate information and analysis to assist in the strategic management of the company. As Director of Enterprise Risk Management for Williams, he was responsible for the aggregation and measurement of commodity and credit risk. Mr. Vann also served as a director Apco from 2014 to 2015. Mr. Vann holds a B.S. in accounting from Oklahoma State University.
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Dennis Cameron

Senior Vice President, General Counsel

Mr. Dennis C. Cameron has been appointed as Senior Vice President, General Counsel of WPX Energy, Inc., Mr. Cameron was named Senior Vice President and General Counsel of the Company in December 2013. Prior to that time, Mr. Cameron had served as Vice President and Deputy General Counsel of the Company since July 2013 and Assistant General Counsel from January 2012 to July 2013. Mr. Cameron has over 25 years of legal experience. He started his career in May 1987 at GableGorwals, a full-service law firm. From 2008, Mr. Cameron was a member of the Board of Directors of the firm. Mr. Cameron remains of counsel to the firm. Mr. Cameron's practice at GableGotwals consisted primarily of complex litigation involving energy interests including the defense of class actions and included commercial litigation with an emphasis in oil & gas issues, products liability and environmental law. Mr. Cameron served as national counsel to a major oil & gas company on royalty, severance taxes and qui tam matters and regional counsel to two other oil & gas companies on similar matters. Mr. Cameron also represented three major oil & gas companies on Federal and Indian oil & gas matters related to production throughout the United States and offshore. Mr. Cameron was selected as National Products liability counsel to an international tool manufacturer. Mr. Cameron received a Bachelor of Science in Mechanical Engineering from the University of Oklahoma and Juris Doctor from the University of Oklahoma College of Law.
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Bryan Guderian

Senior Vice President - Business Development and Land

Mr. Bryan K. Guderian is Senior Vice President of Business Development and Land of WPX Energy, Inc. Mr. Guderian has served as Senior Vice President of Business Development since May 2016. Prior to that time, Mr. Guderian had served as Senior Vice President of Business Development and Land from October 2014 until May 2016. Mr. Guderian had served as Senior Vice President of Operations from December 2011 until October 2014. From 1998 until December 2011, Mr. Guderian served as Vice President of the Exploration & Production unit of The Williams Companies, Inc. with responsibility for operational and commercial management of exploration and production assets in the Marcellus Shale, the San Juan Basin and other basins. Mr. Guderian also had responsibility for overseeing Williams' international operations. He served as a director of Apco International Oil and Gas Inc. ("Apco") from 2002 until 2015 and a director of Petrolera Entre Lomas S.A. from 2003 until 2015. Mr. Guderian served as Chief Executive Officer of Apco from 2013 until 2015. Mr. Guderian joined Williams in 1991 as a gas marketing representative. Mr. Guderian holds a bachelor of business administration degree in petroleum land management from the University of Oklahoma. He serves as a director of NGL Energy Partners, LP.
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William Lowrie

Lead Independent Director

Mr. William G. Lowrie is Lead Independent Director of the Board of WPX Energy, Inc. Mr. Lowrie served as Chairman of our Board of Directors from December 2011 until January 2017, and has since served as our independent Lead Director. Mr. Lowrie served as a director of Williams Inc. from 2003 until December 2011, and served as a member of Williams' Audit Committee and its Nominating and Governance Committee. In 1999, Mr. Lowrie retired as Deputy Chief Executive Officer and director of BP Amoco PLC (a global energy company), where he spent his entire 33-year career. At Amoco, Mr. Lowrie held various positions of increasing responsibility, developing expertise in drilling, reservoir engineering, financial analysis of projects, and other skills related to the oil and natural gas exploration, production, and processing businesses. At various times in his Amoco tenure, Mr. Lowrie managed natural gas and natural gas liquids pipeline operations, hedging and other hydrocarbon price risk mitigation functions, international contract negotiations, petroleum product refining and marketing operations, environmental health and safety program design, and the development and execution of a process for managing capital investment projects. Mr. Lowrie also worked closely with all financial functions, internal and external auditors, and industry organizations such as the American Petroleum Institute. From 1995 to 1999, Mr. Lowrie served on the board of Bank One Corporation (now JP Morgan Chase), including on that board's audit committee. He holds a bachelor of chemical engineering degree from The Ohio State University and has attended the Executive Program at the University of Virginia. Mr. Lowrie is a director of The Ohio State University Foundation and a trustee and chairman of the South Carolina chapter of The Nature Conservancy. He is chairman and director of SCR Technologies, Inc., a private start-up technology company.
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John Carrig

Independent Director

Mr. John A. Carrig, J.D., is Independent Director of WPX Energy, Inc., since December 2011. Mr. Carrig has been a director since December 2011. Mr. Carrig is the former President and Chief Operating Officer of ConocoPhillips (a large integrated oil company with operations in more than 30 countries). He joined Phillips Petroleum in London in 1978 as a tax attorney. In 1981, he transferred to Bartlesville, Oklahoma, and was associated with the corporate tax staff until 1993 when he joined the treasury group as finance manager. He was then named Assistant Treasurer of Finance, and in 1995 he accepted the position of Treasurer. He was Vice President and Treasurer from 1996 to 2000 when he was named Senior Vice President and Treasurer. He was elected Senior Vice President and Chief Financial Officer for Phillips in 2001, a position he held until the ConocoPhillips merger occurred in 2002, at which time he became Executive Vice President, Finance, and Chief Financial Officer of ConocoPhillips. In 2008, he was appointed President and Chief Operating Officer of ConocoPhillips and became responsible for global operations, including exploration and production, refining and transportation, project development and procurement, and health, safety and environmental matters. Mr. Carrig served as President of ConocoPhillips until his retirement in March 2011. Mr. Carrig graduated Phi Beta Kappa with a B.A. from Rutgers University and received his law degree from Temple University. He also holds an advance degree in tax law from New York University School of Law. Mr. Carrig also serves as a director of Forum Energy Technologies, Inc. (manufacturer of oil and gas field machinery and equipment), TRC Companies, Inc. (engineering, consulting and construction management services to the energy, environmental and infrastructure markets) and Skanska AB (a global project development and construction company).
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William Granberry

Independent Director

Mr. William R. Granberry is Independent Director of WPX Energy, Inc., since December 2011. Mr. Granberry has been a director since December 2011. Mr. Granberry served as a director of The Williams Companies, Inc. ("Williams") from 2005 until December 2011, and served as a member of Williams' Compensation Committee and its Finance Committee. Mr. Granberry was a member of Compass Operating Company LLC (a small, private oil and gas exploration, development, and producing company) from October 2004 through December 2013, at which time he retired and sold his interest to the other members. From 1999 to 2004, as an independent consultant, he managed investments and consulted with oil and gas companies. From 1996 to 1999, Mr. Granberry was President and Chief Operating Officer of Tom Brown, Inc. (a public oil and gas company with exploration, development, acquisition, and production activities throughout the central United States). He has worked in the oil and gas industry in various capacities for 50 years, including as a manager of engineering at Amoco (a global energy company) and in executive positions for smaller independent energy companies. Mr. Granberry has served on committees and boards of industry organizations, including the Society of Petroleum Engineers, the American Petroleum Institute, and the Independent Producers Association of America. Mr. Granberry holds B.S. and M.S. degrees in petroleum engineering from the University of Texas. Mr. Granberry is a director of Legacy Reserves GP, LLC (an independent acquirer and developer of oil and natural gas properties).
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Robert Herdman

Independent Director

Mr. Robert K. Herdman is an Independent Director of WPX Energy, Inc., Mr. Herdman has been a director since December 2011. Since 2004, Mr. Herdman has been a Managing Director of Kalorama Partners LLC (a Washington, D.C. consulting firm specializing in providing advice regarding corporate governance, risk assessment, crisis management and related matters). Prior to joining Kalorama, Mr. Herdman was the Chief Accountant of the SEC from October 2001 to November 2002. Prior to joining the SEC, he was Ernst & Young's Vice Chairman of Professional Practice for its Assurance and Advisory Business Services ("AABS") practice in the Americas and the Global Director of AABS Professional Practice for Ernst & Young International. Mr. Herdman was also the senior Ernst & Young partner responsible for the firm's relationship with the SEC, Financial Accounting Standards Board and American Institute of Certified Public Accountants ("AICPA"). Mr. Herdman served on the AICPA's SEC Practice Section Executive Committee from 1995 to 2001 and as a member of the AICPA's Board of Directors from 2000 to 2001. He holds a B.S.C. in accounting from DePaul University. Mr. Herdman is currently on the board of directors of Cummins Inc. and is chair of its audit committee. Prior to April 2015, he served on the board of directors of HSBC Finance Corporation (formerly Household International, Inc.), HSBC North America Holdings, Inc. and HSBC US, Inc.
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Kelt Kindick

Independent Director

Mr. Kelt Kindick is an Independent Director of WPX Energy, Inc., Mr. Kindick has been a director since January 2013. Mr. Kindick served as chief financial officer and partner at Bain & Company, Inc., a management consulting firm, from January 2009 until his retirement on December 31, 2012. He has been serving as Advisory Partner for Bain & Company since January 1, 2013. He joined Bain & Company, Inc. in 1980, was elected partner in 1986, served as Managing Director of the firm's Boston office from 1991 to 1996, and as Chairman of the firm's executive committee from 1998 to 1999. Mr. Kindick also served as chief financial officer of the Commonwealth of Massachusetts from 2003 to 2004. Mr. Kindick is the lead director of The Advisory Board Company. He received a B.A. degree from Franklin & Marshall College and an M.B.A. from Harvard Business School.
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Karl Kurz

Independent Director

Mr. Karl F. Kurz is an Independent Director of WPX Energy, Inc., Mr. Kurz has been a director since January 2014. From September 2009 until his retirement in September 2012, Mr. Kurz served as a managing director, co-head of the energy group and a member of the investment committee at CCMP Capital Advisors LLC, a leading global private equity firm with a focus on energy investments, among other areas. Prior to joining CCMP, Mr. Kurz spent nine years with Anadarko Petroleum Corporation, most recently serving as chief operating officer responsible for overseeing the company's global exploration and production, marketing, midstream, land, technology and service businesses. Prior to joining Anadarko, Mr. Kurz was general manager of midstream and marketing for Vastar Resources, Inc., where he managed the company's marketing of oil, natural gas liquids, gas and gas processing. Prior to joining Vastar in 1995, Mr. Kurz held management positions at ARCO Oil and Gas Company in several business units including reservoir engineering, production operations, crude oil marketing, hedging, and financial trading. Mr. Kurz holds a B.S, magna cum laude, in petroleum engineering from Texas A&M University and he is a graduate of Harvard Business School's Advanced Management Program. Mr. Kurz also serves as a director of SemGroup Corporation (midstream services provider to independent oil and gas producers and refiners) and American Water Works Company, Inc. (water and wastewater services company). Mr. Kurz served as a director of Western Gas Partners from May 2008 through March 2009 and Global Geophysical Services, Inc. (seismic data solutions for the oil and gas industry) from December 2010 through December 2014.
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Henry Lentz

Independent Director

Mr. Henry E. Lentz is an Independent Director of WPX Energy, Inc. Mr. Lentz has been a director since December 2011. In May 2011, Mr. Lentz retired from Lazard Frères & Co (an investment banking firm), where he had served as a Managing Director since June 2009. He was a Managing Director of Barclays Capital (an investment banking firm and successor to Lehman Brothers Inc.) from September 2008 to June 2009. From January 2004 to September 2008 he was employed as an Advisory Director by Lehman Brothers. He joined Lehman Brothers in 1971 and became a Managing Director in 1976. He left the firm in 1988 to become Vice Chairman of Wasserstein Perella Group, Inc. (an investment banking firm). In 1993, he returned to Lehman Brothers as a Managing Director and served as head of the firm's worldwide energy practice. In 1996, he joined Lehman Brothers' Merchant Banking Group as a Principal and in January 2003 became a consultant to the Merchant Banking Group. Mr. Lentz holds a B.A. from the College of the Holy Cross and an M.B.A. from the Wharton School of Business at the University of Pennsylvania. Mr. Lentz served as a director of Rowan Companies, Inc. from 1990 until 2014, and served as the non-executive Chairman beginning in 2009. He is currently on the board of directors of Peabody Energy Corporation, Macquarie Infrastructure Corporation and CARBO Ceramics, Inc.
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George Lorch

Independent Director

Mr. George A. Lorch is an Independent Director of WPX Energy, Inc., since December 2011. Mr. Lorch has been a director since December 2011. Mr. Lorch served as a director of Williams from 2001 until December 2011, and served as a member of Williams' Compensation Committee and its Nominating and Governance Committee. Mr. Lorch was Chairman Emeritus of Armstrong Holdings, Inc., the holding company for Armstrong World Industries, Inc. (a manufacturer and marketer of floors, ceilings, and cabinets). He was the Chief Executive Officer and President of Armstrong World Industries, Inc. from 1993 to 1994 and Chairman of the Board and Chief Executive Officer from 1994 to 2000. From May 2000 to August 2000, he was Chairman of the Board and Chief Executive Officer of Armstrong Holdings, Inc. Mr. Lorch has 37 years of sales and marketing experience at Armstrong, including 17 years of experience as a head of operations, with responsibility for strategy, profit statements, balance sheets, and stockholder relations. During his many years as a director in varied industries, Mr. Lorch has participated in CEO searches, succession planning, strategy development, takeover defense and offense, and director recruitment, and he has served on dozens of board committees. Mr. Lorch holds a B.S. in business administration from Virginia Polytechnic Institute and State University and has also completed an executive management course at the Kellogg School of Management at Northwestern University. Mr. Lorch served as a director of Pfizer, Inc. (a research-based pharmaceutical company) from 2000 until April 2015, acting as Non-Executive Chairman from December 2010 to December 2011.
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Kimberly Lubel

Independent Director

Ms. Kimberly S. Lubel J.D., is an Independent Director of WPX Energy, Inc. Ms. Lubel has been a director since December 2011. She has served as Chairman of the Board, President and Chief Executive Officer of CST Brands, Inc. (a publicly-traded retailer of transportation fuels and convenience goods) since May 2013. Ms. Lubel has also served as the Chairman of the Board of the general partner of CrossAmerica Partners L.P. (a publicly-traded master limited partnership) since October 2014, when CST Brands acquired the general partner. CST Brands entered into a merger agreement with Alimentation Couche-Tard Inc. on August 22, 2016, and Ms. Lubel will retire from her positions at CST Brands and CrossAmerica Partners following the closing of the merger. The closing is expected to occur in the second quarter of 2017. In January 2013, Ms. Lubel became responsible for the retail organization of Valero Energy Corporation (a large independent refiner of transportation fuels and related products) in the United States and Canada as Executive Vice President and President Retail, and served in that capacity until the spin-off of the retail organization as CST Brands, Inc. Ms. Lubel previously served from October 2008 to December 31, 2012, as Executive Vice President and General Counsel for Valero with responsibility over Valero's legal, ad valorem tax, health, safety and environmental, energy and gases, reliability, and project execution departments. She joined Valero in 1997 as Corporate Counsel. From April 2006 to October 2008, she served as Senior Vice President & General Counsel. She served as lead attorney for most of Valero's major acquisitions during her tenure with Valero. Ms. Lubel holds a B.A. in Spanish and a B.A. in international studies from Miami University (Ohio), an M.A. in international relations from Baylor University, and a J.D. from the University of Texas School of Law. She is also a graduate of the Executive Program at Stanford University.
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David Work

Independent Director

Mr. David F. Work is an Independent Director of WPX Energy, Inc., Mr. Work has served as a director since December 2011. In 2000, Mr. Work retired as Regional President from BP Amoco Corporation (a global energy company) where he served in various capacities since 1987. As Regional President, Mr. Work was the senior BP Amoco representative in the Gulf Coast, Southwest and Rocky Mountain states, and his responsibilities included coordinating the vice presidents of BP Amoco's seven exploration and production business units, as well as the leaders of the gas, power, oil and chemical businesses located in the area. Prior to serving as Regional President, Mr. Work served as a Group Vice President in BP Amoco's Exploration and Production stream and was a member of its Executive Committee. Prior to the merger between BP and Amoco, Mr. Work had positions of increasing responsibility at Amoco Corporation, including Senior Vice President of Shared Services and Group Vice President of worldwide exploration for the exploration and production sector. Mr. Work served on the board of directors of CGGVeritas Service Holdings Inc. (formerly Veritas DGC Inc.) from 2004 until October 2012. Since 2009, he has served on the board of directors of Hat Creek Energy. Mr. Work was a management consultant for TerraTek, a Schlumberger company for two years. Mr. Work also volunteers as a member of the Land Trust Alliance Advisory Council and is a member of the board of trustees of the Wyoming chapter of The Nature Conservancy, the Teton Science School and the Teton Regional Land Trust. He holds a B.A. in geology from Wesleyan University and an M.S. in geology from the University of California—Santa Cruz. Mr. Work is involved in several professional organizations, including the American Geologic Institute and the American Association of Petroleum Geologists.
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With respect to Content the user of the OilGasSX website submits or makes available for inclusion on publicly accessible areas of OilGasSX Message Boards and OilGasSX Groups, the license to use, distribute, reproduce, modify, adapt, publicly perform and publicly display such Content on the Service solely for the purposes of providing and promoting the specific OilGasSX Message Board or OilGasSX Group to which such Content was submitted or made available. This license exists only for as long as the user of the OilGasSX website elects to continue to include such Content on the Service and will terminate at the time the user of the OilGasSX website removes or OilGasSX removes such Content from the Service.

With respect to photos, graphics, audio or video the user of the OilGasSX website submits or makes available for inclusion on publicly accessible area of the Service other than OilGasSX Message Boards or OilGasSX Groups, the license to use, distribute, reproduce, modify, adapt, publicly perform and publicly display such Content on the Service solely for the purpose for which such Content was submitted or made available. This license exists only for as long as the user of the OilGasSX website elects to continue to include such Content on the Service and will terminate at the time the user of the OilGasSX website removes or OilGasSX removes such Content from the Service.

With respect to Content other than photos, graphics, audio or video the user of the OilGasSX website submits or makes available for inclusion on publicly accessible areas of the Service other than OilGasSX Message Boards or OilGasSX Groups, the perpetual, irrevocable and fully sub-licensable license to use, distribute, reproduce, modify, adapt, publish, translate, publicly perform and publicly display such Content (in whole or in part) and to incorporate such Content into other works in any format or medium now known or later developed.

"Publicly accessible" areas of the Service are those areas of OilGasSX's network of properties that are intended by OilGasSX to be available to the general public. By way of example, publicly accessible areas of the Service would include OilGasSX Message Boards and portions of OilGasSX Groups that are open to both members and visitors. However, publicly accessible areas of the Service would not include portions of OilGasSX Message Boards and OilGasSX Groups that are limited to members, OilGasSX services intended for private communication, or areas off of the OilGasSX's network of properties such as portions of World Wide Web sites that are accessible through the OilGasSX but are not hosted or served by the OilGasSX.

  1. INDEMNITY

The user of the OilGasSX website agrees to indemnify and hold OilGasSX, and its subsidiaries, affiliates, officers, agents, co-branders or other partners, and employees, harmless from any claim or demand, including reasonable attorneys' fees, made by any third party due to or arising out of Content the user of the OilGasSX website submits, posts, transmits or makes available through the Service, the use of and connection to the Service by, the user of the OilGasSX website, the violation of the TOS or of any rights of another by the user of the OilGasSX website.

  1. NO RESALE OF SERVICE

The user of the OilGasSX website agrees not to reproduce, duplicate, copy, sell, resell or exploit for any commercial purposes, any portion of the Service, use of the Service, or access to the Service, including any intellectual property rights of OilGasSX or any person firm or corporation having posted information for availability through the Service.

  1. GENERAL PRACTICES REGARDING USE AND STORAGE

The user of the OilGasSX website acknowledges that OilGasSX may establish general practices and limits concerning use of the Service, including without limitation the maximum number of days that email messages, message board postings or other uploaded Content will be retained by the Service, the maximum number of email messages that may be sent from or received by an account on the Service, the maximum size of any email message that may be sent from or received by an account on the Service, the maximum disk space that will be allotted on OilGasSX's servers on behalf of the user of the OilGasSX website, and the maximum number of times (and the maximum duration for which) the user of the OilGasSX website may access the Service in a given period of time. The user of the OilGasSX website agrees that OilGasSX has no responsibility or liability for the deletion or failure to store any messages and other communications or other Content maintained or transmitted by the Service. The user of the OilGasSX website acknowledges that OilGasSX reserves the right to log off accounts that are inactive for an extended period of time. The user of the OilGasSX website further acknowledges that OilGasSX reserves the right to change the OilGasSX general practices and limits at any time, in its sole discretion, with or without notice.

  1. MODIFICATIONS TO SERVICE

OilGasSX reserves the right at any time and from time to time to modify or discontinue, temporarily or permanently, the Service (or any part thereof) with or without notice. The user of the OilGasSX website agrees that OilGasSX shall not be liable to the user of the OilGasSX website or to any third party for any modification, suspension or discontinuance of the Service.

  1. TERMINATION

The user of the OilGasSX website agrees that OilGasSX, in its sole discretion, may terminate the password, account (or any part thereof) of the user of the OilGasSX website or the use of the Service, and remove and discard any Content within the Service, for any reason, including, without limitation, for lack of use or if OilGasSX believes that the user of the OilGasSX website has violated or acted inconsistently with the letter or spirit of the TOS or the OilGasSX Acceptable Use Policy. OilGasSX may also in its sole discretion and at any time discontinue providing the Service, or any part thereof, with or without notice. The user of the OilGasSX website agrees that any termination of the user's access to the Service under any provision of this TOS may be effected without prior notice, and acknowledges and agrees that OilGasSX may immediately deactivate or delete the user's account and all related information and files in the user's account and/or bar any further access to such files or the Service. Further, the user of the OilGasSX website agrees that OilGasSX shall not be liable to the user of the OilGasSX website or any third-party for any termination of its access to the Service.

  1. DEALINGS WITH ADVERTISERS

The correspondence or business dealings, or participation in promotions of, advertisers found on or through the Service by the user of the OilGasSX website, including payment and delivery of related goods or services, and any other terms, conditions, warranties or representations associated with such dealings, are solely between the user of the OilGasSX website and such business, promoter or advertiser. The user of the OilGasSX website agrees that OilGasSX shall not be responsible or liable for any loss or damage of any sort incurred as the result of any such dealings or as the result of the presence of such businesses, promoters or advertisers on the Service.

  1. LINKS

The Service may provide, or third parties may provide, links to other World Wide Web sites or resources. Because OilGasSX has no control over such sites and resources, the user of the OilGasSX website acknowledges and agrees that OilGasSX is not responsible for the availability of such external sites or resources, and does not endorse and is not responsible or liable for any Content, advertising, products, or other materials on or available from such sites or resources. The user of the OilGasSX website further acknowledges and agrees that OilGasSX shall not be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with use of or reliance on any such Content, goods or services available on or through any such site or resource.

  1. OilGasSX'S PROPRIETARY RIGHTS

The user of the OilGasSX website acknowledges and agrees that the Service and any necessary software used in connection with the Service ("Software") contain proprietary and confidential information that is protected by applicable intellectual property and other laws. The user of the OilGasSX website further acknowledges and agrees that Content contained in sponsor advertisements or information presented to the user of the OilGasSX website through the Service or advertisers is protected by copyrights, trademarks, service marks, patents or other proprietary rights and laws. Except as expressly authorized by OilGasSX or advertisers, the user of the OilGasSX website agrees not to modify, rent, lease, loan, sell, distribute or create derivative works based on the Service or the Software, in whole or in part.

OilGasSX grants the user of the OilGasSX website a personal, non-transferable and non-exclusive right and license to use the Service; provided that the user of the OilGasSX website does not (and does not allow any third party to) copy, modify, create a derivative work of, reverse engineer, reverse assemble or otherwise attempt to discover any source code, sell, assign, sublicense, grant a security interest in or otherwise transfer any right in the OilGasSX website, the Software or the Content. The user of the OilGasSX website agrees not to modify the Software in any manner or form, or to use modified versions of OilGasSX website, the Software or the Content, including (without limitation) for the purpose of obtaining unauthorized access to the Service. The user of the OilGasSX website agrees not to access the Service by any means other than through the interface that is provided by OilGasSX for use in accessing the Service.

  1. DISCLAIMER OF WARRANTIES

The user of the OilGasSX website expressly understands and agrees that:

  1. Its use of the Service is at its sole risk. The Service is provided on an "AS IS" and "AS AVAILABLE" basis. OilGasSX expressly disclaims all warranties of any kind, whether express or implied, including, but not limited to the implied warranties of merchantability, fitness for a particular purpose and non-infringement.
  2. OilGasSX makes no warranty that (i) the service will meet the requirements of the user of the OilGasSX website, (ii) the Service will be uninterrupted, timely, secure, or error-free, (iii) the results that may be obtained from the use of the Service will be accurate or reliable, (iv) the quality of any products, services, information, or other material purchased or obtained by the user of the OilGasSX website through the service will meet its expectations, and (v) any errors in the Software will be corrected.
  3. Any material downloaded or otherwise obtained through the use of the Service is done at the sole discretion and risk of the user of the OilGasSX website and that it will be solely responsible for any damage to its computer system or loss of data that results from the download of any such material.
  4. No advice or information, whether oral or written, obtained by the user of the OilGasSX website from OilGasSX or through or from the Service shall create any warranty not expressly stated in the TOS.
  5. It waives any claims it now has, or in the future may have, which gives or provides the user of the OilGasSX with any cause of action whatsoever.
  6. Notwithstanding any other provisions herein, user of the OilGasSX acknowledges that neither the OilGasSX or its Contributors, nor their affiliates or representatives shall be liable to the user of the OilGasSX, for special, incidental or consequential, special, direct or indirect damages arising directly or indirectly from any occurrence whatsoever (including without limitation loss of profits, loss of business opportunity, loss of property, of any nature whatsoever), whether or not such damages were foreseeable by the OilGasSX or its Contributors or any one of them was advised of the possibility of such damages and whether otherwise arising from any contractual, tortious acts or omissions of either party or of their respective affiliates or representatives, and whether or not it had any knowledge, actual or constructive, that such damages might be incurred for having relied on the material, information, data or the Content presented or forming part of any of the OilGasSX website, to make personal, medical, legal, tax, accounting, investment or financial decisions.
  7. The user of the OilGasSX accepts total responsibility for any agreement, understanding or relationship the user of the OilGasSX enters into with any of the Contributors. Further, the user of the OilGasSX understands, acknowledges and agrees that OilGasSX, in no manner whatsoever, endorses the said Contributors or whatever proposal may be presented by such Contributors and that OilGasSX shall not be held liable for any claims of any nature whatsoever arising or resulting from any thesis or proposal of any of the Contributors, or from any agreement, understanding, association, investment or relationship concluded, agreed, made or established between the user of the OilGasSX and any of the Contributors, of any type and for any reason whatsoever.
  8. The user of the OilGasSX hereby confirms that it qualifies as a sophisticated, accredited or professional investor", pursuant to all applicable legislation relating to the distribution and/or sale of securities.
  9. The user of the OilGasSX understands, acknowledges and agrees that it is its own responsibility to obtain independent legal, tax, financial, accounting, medical or other professional advice with respect to evaluating, agreeing, establishing and/or implementing any relationship or investment based on any of the material, information or strategies presented on the OilGasSX website. Further, it is highly recommended that the user of the OilGasSX take adequate time to review and evaluate whatever material or information received with whichever independent professional advisors the user of the OilGasSX deems appropriate.

The user of OilGasSX understands it must not rely on the information on this website as an alternative to legal advice from an attorney or other professional legal services provider. If the user of OilGasSX has any specific questions about any legal matter it should consult an attorney or other professional legal services provider. The user should never delay seeking legal advice, disregard legal advice, or commence or discontinue any legal action because of information on this website.

  1. LIMITATION OF LIABILITY

The user of the OilGasSX website expressly understands and agrees that OilGasSX shall not be liable for any direct, indirect, incidental, special, consequential or exemplary damages, including but not limited to, damages for loss of profits, goodwill, use, data or other intangible losses (even if OilGasSX has been advised of the possibility of such damages), resulting from: (i) the use or the inability to use the Service; (ii) the cost of procurement of substitute goods and services resulting from any goods, data, information or services purchased or obtained or messages received or transactions entered into through or from the Service; (iii) unauthorized access to or alteration of transmissions or data of the user of the OilGasSX website; (iv) statements or conduct of any third party on the Service; (v) any agreement, understanding or relationship the user of the OilGasSX enters into with any of the Contributors or any other person or entity with whom it has been put in contact through the OilGasSX website; or (vi) any other matter relating to the Service.

  1. EXCLUSIONS AND LIMITATIONS

Some jurisdictions do not allow the exclusion of certain warranties or the limitation or exclusion of liability for incidental or consequential damages. Accordingly, some of the above limitations of sections 17 and 18 may not apply to the user of the OilGasSX website.

  1. SPECIAL ADMONITION FOR SERVICES RELATING TO FINANCIAL MATTERS

If the user of the OilGasSX website intends to create or join any service, receive or request any news, messages, alerts or other information from the Service concerning companies, stock quotes, investments or securities, it is hereby urged to read the above Sections 17 and 18 again. These Sections apply with absolute rigor to the user of the OilGasSX website. In addition, for this type of information particularly, the phrase "LET THE INVESTOR BEWARE" is paramount. The Service is provided for informational purposes only, and no Content included in the Service is intended for trading or investing purposes. OilGasSX and its service providers and suppliers shall not be responsible or liable for the accuracy, usefulness or availability of any information transmitted or made available via the Service, and shall not be responsible or liable for any strategy, trading or investment decisions made based on such information.

  1. NOTICE

Notices to the user of the OilGasSX website may be made via either e-mail, fax or regular mail. The Service may also provide notices of changes to the TOS or other matters by displaying notices or links to notices to the user of the OilGasSX website generally on the Service.

  1. TRADEMARK INFORMATION

OilGasSX, the OilGasSX logo, the OilGasSX design, and the OilGasSX stylized, trademarks and service marks, and other OilGasSX logos and product and service names are trademarks of OilGasSX (the "OilGasSX Marks"). Without OilGasSX's prior permission, the user of the OilGasSX website agrees not to display or use in any manner, the OilGasSX Marks.

  1. GENERAL INFORMATION

The TOS constitute the entire agreement between the user of the OilGasSX website and OilGasSX and govern the use of the Service by the user of the OilGasSX website, superseding any prior agreements between the user of the OilGasSX website and OilGasSX. The user of the OilGasSX website also may be subject to additional Terms and Conditions that may apply when the user of the OilGasSX website uses affiliate services, third-party content or third-party software. The TOS and the relationship between the user of the OilGasSX website and OilGasSX shall be governed by the laws in force in the United Kingdom, without regard to its conflict of law provisions. The user of the OilGasSX website and OilGasSX agree to submit to the personal and exclusive jurisdiction of the courts located within the country of Great Britain. The failure of OilGasSX to exercise or enforce any right or provision of the TOS, the OilGasSX subscription documentation Terms and Conditions or the OilGasSX Acceptable Use Policy shall not constitute a waiver of such right or provision. If any provision of the TOS, the OilGasSX subscription documentation Terms and Conditions or the OilGasSX Acceptable Use Policy is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavour to give effect to the parties' intentions as reflected in the provision, and the other provisions of the TOS, the OilGasSX subscription documentation Terms and Conditions and the OilGasSX Acceptable Use Policy remain in full force and effect. The user of the OilGasSX website agrees that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to use of the Service or the TOS, the OilGasSX subscription documentation Terms and Conditions and the OilGasSX Acceptable Use Policy must be filed within one (1) year after such claim or cause of action arose or be forever barred. The section titles in the TOS are for convenience only and have no legal or contractual effect.

  1. ACCEPTABLE USE

For purposes of this Acceptable Use Policy ("AUP"), a "Customer" is defined to include any organization, individual, company or other entity with which OilGasSX Bonds Ltd (OilGasSX) has entered into any agreement or contract for the supply of services, including through the OilGasSX website. A Customer shall also be responsible for the use of the OilGasSX website by any subsidiaries, affiliates, partners, Authorized Staff, suppliers, clients, or any other person gaining access to the OilGasSX website in any manner whatsoever, that directly or indirectly utilize the OilGasSX website provided to the Customer.

The Customer may only use the OilGasSX website for lawful purposes. The use of the OilGasSX website in violation of any local or international legislation or regulation is prohibited. This includes, but is not limited to, transmission of proprietary or copyright material without the consent of the owner, material legally judged to be threatening, offensive, or obscene, and third party material protected by patent, trade secret or any other type of intellectual property right, whether or not the Customer was aware of the content of the material or of the relevant law.

OilGasSX will fully co-operate with investigations of suspected criminal violations and violations of systems or network security under the leadership of law enforcement authorities.

Use of any information obtained via the OilGasSX website is at Customers' own risk. OilGasSX is not responsible for the accuracy, quality, or content of information obtained through the OilGasSX website and or services.

All OilGasSX services are for end-user use only and may not be resold to third-parties without providing end-user information to OilGasSX.

The Customer will indemnify and hold OilGasSX harmless from any claim brought by third parties alleging that use of the OilGasSX website by the Customer has infringed any applicable local or international legislation or regulation. The Customer shall defend and pay all costs, damages, awards, fees (including reasonable legal fees) and final judgments awarded against OilGasSX arising from such claims. The Customer shall immediately give OilGasSX written notice of any claim the Customer is involved with or aware of. Should the Customer fail to do so, OilGasSX may defend such claims at the Customer's sole cost.

OilGasSX will cooperate with any law enforcement authorities having jurisdiction to discourage and resist abuses of acceptable use policies. OilGasSX reserves the right to take corrective action upon notification to OilGasSX of unacceptable use by the Customer. OilGasSX reserves the right, at its discretion and without notice, to remove any material or data and to block the use of the network for one or more users.

The Customer may not circumvent user authentication or security of any host, network, or account (referred to as "cracking" or "hacking"), reverse engineer, decompile, deconstruct any programming, nor interfere with service to any user, host, or network (referred to as "denial of service attacks").

The Customer is forbidden to send e-mail to any person who does not wish to receive it. It is explicitly prohibited to send unsolicited bulk mail messages ("junk mail" or "spam") of any kind (commercial advertising, financial and investment promotions, political tracts, announcements, etc.) or to post the same or similar messages to large numbers of newsgroups (excessive cross-posting or multiple-posting, also known as "USENET spam"). A Customer caught spamming on the OilGasSX, or who persist in the mass distribution of unsolicited e-mail messages, will be dealt with immediately in accordance with this AUP.

The OilGasSX website may be used by the Customer to link into other networks worldwide and the Customer agrees to conform to the acceptable use policies of these networks. The Customer agrees, through its own operations, not to cause disturbances, outages or other problems which may affect OilGasSX's network or network based equipment, or which may adversely affect OilGasSX's ability to provide services.

OilGasSX reserves the right to prohibit activities that violate this AUP or may damage its reputation.

OilGasSX will generally not monitor private electronic mail messages sent or received by its Customers but may conduct reasonable investigation of a Customer (i) if required by law or (ii) upon reasonable suspicion of a violation of this AUP to determine if there has been a violation or (iii) when public safety may require it. OilGasSX may at all time monitor usage of the OilGasSX website electronically to determine if it is operating satisfactorily.

OilGasSX may disclose its Customers' information or information transmitted by means of its facilities (i) to comply with legal requirements or (ii) where necessary to protect OilGasSX and others from harm or (iii) where such disclosure is necessary to the proper operation of the OilGasSX website.

The Customer acknowledges that OilGasSX is unable to exercise control over the content of information passing through its facilities or carried as a result of supplying the OilGasSX website and is therefore not responsible for that content.

OilGasSX reserves the right, at its discretion and without notice, to automatically filter, disconnect and/or deny access to any Customer who violates this policy. This remedy shall also be applied when the Customer has engaged in any of the foregoing activities by using the service of another provider and, channelling such activities through an OilGasSX account, re-mailer, or otherwise through the OilGasSX website, or using an OilGasSX account as a mail drop for responses or otherwise using the services of another provider for the purpose of facilitating the foregoing activities, if such use of another party's service could reasonably be expected to adversely affect the OilGasSX website. OilGasSX reserves the right, where feasible, to implement technical mechanisms which block multiple postings as described above before they are forwarded or otherwise sent to their intended recipients.

Violation of this AUP (direct or indirect, including by a third party) entitles OilGasSX to remove immediately the offending material, establish immediate or temporary filtering, deny access, suspend or terminate one or more subscriptions to the OilGasSX website, or take any other appropriate action, as determined by OilGasSX in its sole discretion, in addition to any remedies provided by any agreement to provide access to the OilGasSX website. OilGasSX may give notice of violations but OilGasSX reserves the right to act without notice when necessary, as determined by OilGasSX in its sole discretion. Nothing in this AUP is to be construed to limit OilGasSX's actions or remedies in any way with respect to any of the foregoing activities, and OilGasSX reserves the right to take any additional actions it may deem appropriate with respect to such activities, including without limitation, taking action to recover the cost of identifying offenders and terminating their access to the OilGasSX website, and charging to cover OilGasSX's costs in the event of such termination of access or like situation. OilGasSX may co-operate with other service providers to discourage and resist abuses of acceptable use policies. OilGasSX reserves the right to take corrective action upon notification to OilGasSX of unacceptable use on other networks. The OilGasSX website may be linked to other networks world-wide and the Customer agrees to conform to the acceptable use policies of these networks. The Customer agrees, through its operations, not to cause disturbances, outages or other problems which may affect OilGasSX's or any other network or network based equipment, or which may adversely affect OilGasSX's ability to provide access to the OilGasSX website.

Nothing contained in this AUP shall be construed to limit OilGasSX's actions or remedies in any way with respect to any of the foregoing activities, and OilGasSX reserves the right to take any and all additional actions it may deem appropriate with respect to such activities, including without limitation, taking action to recover the costs and expenses of identifying offenders and removing them from the OilGasSX website, and levying cancellation charges to cover OilGasSX's costs in the event of disconnection of dedicated access for the causes outlined above. In addition, OilGasSX reserves at all times all rights and remedies available to it with respect to such activities at law or in equity.

Customer will indemnify and hold OilGasSX harmless from any claim brought by third parties relating to the Customer's use of the OilGasSX website. The Customer must defend and pay all damages and costs (including legal fees) arising from such claims. The Customer must immediately notify OilGasSX of any claim or potential claim, within the Customer's knowledge, involving the Customer related to the OilGasSX website. Failure to do so gives OilGasSX the right to defend such claims at Customer's sole cost and expense.

OilGasSX is committed to providing quality service to all of its Customers. While the AUP may appear harsh, OilGasSX believes it is necessary to ensure that it is able to provide professional, efficient, stable service within an environment of security and trust which its Customers may require and come to expect from an organization such as OilGasSX.

This AUP is subject to change. Please contact us with any questions regarding the policy or to report a breach of AUP.

OUR PRIVACY POLICY

OilGasSX Limited ("We") are committed to protecting and respecting your privacy.

This policy (together with our Terms and Conditions sets out the basis on which any personal data we collect from you, or that you provide to us, will be processed by us. Please read the following carefully as this privacy policy explains what happens to any personal data that you provide to us, or that we collect from you whilst you visit our site.

We do update this policy from time to time so please do review this policy regularly.

Information we collect

We may collect and process the following data about you:

IP Addresses

We may collect information about your computer, including where available your IP address, operating system and browser type, for system administration and to report aggregate information to our advertisers. This is statistical data about our users' browsing actions and patterns, and does not identify any individual.

Cookies

Our website uses cookies to distinguish you from other users of our website. This helps us to provide you with a good experience when you browse our website and also allows us to improve our site.  Certain areas of the website such as member areas are not accessible if cookies are disabled.

Storing Your Personal Data

In operating our website, it may become necessary to transfer data that we collect from you to locations outside of the European Union for processing and storing. By providing your personal data to us, you agree to this transfer, storing or processing. We do our upmost to ensure that all reasonable steps are taken to make sure that your data is treated stored securely.

Unfortunately, the sending of information via the internet is not totally secure and on occasion such information can be intercepted. We cannot guarantee the security of data that you choose to send us electronically, sending such information is entirely at your own risk.

Uses made of the information

We use information held about you in the following ways:

Disclosure of your information

We may disclose your personal information to any member of our group, which means our subsidiaries, our ultimate holding company and its subsidiaries, as defined in section 1159 of the UK Companies Act 2006.

We may disclose your personal information to third parties.

In the event that we sell or buy any business or assets, in which case we may disclose your personal data to the prospective seller or buyer of such business or assets.
 

If OilGasSX Limited or substantially all of its assets are acquired by a third party, in which case personal data held by it about its customers will be one of the transferred assets.

If we are under a duty to disclose or share your personal data in order to comply with any legal obligation, or in order to enforce or apply our terms of use or to protect the rights, property, or safety of our customers, or others. This includes exchanging information with other companies and organisations for the purposes of fraud protection and credit risk reduction.

Your rights

You have the right to ask us not to process your personal data for marketing purposes. We will usually inform you (before collecting your data) if we intend to use your data for such purposes or if we intend to disclose your information to any third party for such purposes. You can exercise your right to prevent such processing by checking certain boxes on the forms we use to collect your data.

Our site may, from time to time, contain links to and from the websites of our partner networks, advertisers and affiliates. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.

Access to information

The Data Protection Act 1998 Act (the “Act”) gives you the right to access information held about you. Your right of access can be exercised in accordance with the Act. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.

Changes to our privacy policy

Any changes we may make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.

Contacting Us

Please do not hesitate to contact us regarding any matter relating to this privacy policy.

OilGasSX - Regulated Disclaimer

OilGasSX (“OGSX”) allows securities to be listed via The Startup Stock Exchange ("SSX”), under a Joint Venture Agreement (“JV”) between the parties. SSX provides securities exchange related services, such as Brokerage and Listing Advisory, enabling the owners of startups and small businesses to attract qualified global investors to buy shares of their companies on a public stock exchange, the Dutch Caribbean Securities Exchange N.V. ("DCSX"), thereby providing access to a regulated and transparent marketplace for all participants.

SSX Advisors Corp is a licensed Listing Advisor and SSX Brokers NV is a licensed broker, of the Dutch Caribbean Securities Exchange N.V. The DCSX is a self-regulating securities exchange, located on Curacao, licensed by the Ministry of Finance and supervised by the Central Bank of Curacao and St. Maarten.

Investing in startups involves very high risks and it should be done only as part of a diversified investment portfolio. OGSX is targeted solely at investors and companies who are sophisticated enough to understand the high risks of startup investments and make their own decisions.

OGSX has both a quotation service and a listing service. If a company is denoted as ‘Quoted” it means the data presented is for information purposes only. It does not host a listing on the platform and has not been approved by our external listing committee. In some cases the quoted companies may be listed on another recognised stock exchanges globally and in this case it will be made apparent.

OGSX hosts companies conducting an IPO and also shows companies under review. We have no restrictions on contacting these companies as a result of information found on our site and in such a case no liability for any resulting transaction will be the responsibility of OGSX.

OGSX has acquired IP to internally conduct AML (Anti Money Laundering) and KYC (Know Your Client) procedures fully vetted and approved by our regulating Central Bank. This activity must be overseen and approved in each case by an authorised AML officer.

OilGasSX Limited is a UK registered Limited Liability company. It does not have any regulation inside the UK as it provides services outside the Financial Services Act. OGSX is a FinTech solution for a sector based Stock Exchange regulated by its partners via the DCSX. The OGSX platform is a fully automated trading system complete with company on-boarding systems, electronic trade matching, clearance and settlement as well as Investor and researcher portals.

OGSX collects huge quantities of raw and unique data within the medical marijuana sector. It uses this inside smart algorithms to provide key and vital data to all parties in a fully transparent structure. All data is obtained from reliable and independent sources.

All trading conducted on OGSX will be via SSX Brokers NV. A brokerage account with SSX is required in order to trade. Applications to open accounts will be available in Q4 2017.