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COBC - Code of Business Conduct - Halliburton

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International Trade<br />

As a company operating globally, we frequently move products, supplies, equipment and s<strong>of</strong>tware<br />

between countries. We must comply with the laws <strong>of</strong> those countries with respect to the import and<br />

export <strong>of</strong> those items.<br />

Export and Compliance<br />

We will comply with the laws <strong>of</strong> each country from which we export our goods, s<strong>of</strong>tware and technical data;<br />

no business will be transacted nor item exported that is not in compliance with the following:<br />

• The United States Export Administration Act<br />

(EAA)<br />

• The Arms Export Control Act (AECA)<br />

• Regulations to implement international<br />

economic sanctions programs involving<br />

particular countries, including<br />

regulations promulgated by the Office<br />

<strong>of</strong> Foreign Assets Control <strong>of</strong> the United<br />

States Department <strong>of</strong> the Treasury<br />

• The Export Administration Regulations (EAR)<br />

• The International Traffic in Arms Regulations<br />

(ITAR)<br />

• The export laws and regulations <strong>of</strong> any other<br />

country that apply to a particular shipment<br />

• The terms and conditions <strong>of</strong> any export license<br />

issued to the Company or any <strong>of</strong> its subsidiaries<br />

There are no exceptions to this policy and it applies to all employees, <strong>of</strong>ficers, directors and any third parties<br />

acting on our behalf.<br />

We have a system <strong>of</strong> internal controls, many <strong>of</strong> which are automated in SAP. All employees must comply with<br />

these internal control systems.<br />

Take Note!<br />

While we typically think <strong>of</strong> exports as being physical items shipped from one country to<br />

another, the terms actually cover a much broader spectrum, including goods, services,<br />

technology, s<strong>of</strong>tware or data; and items, or even information, that is shipped, flown, uploaded or<br />

downloaded, emailed or faxed.<br />

Export rules become more complicated when it comes to intangible exports. While goods must<br />

be physically shipped to another country to be considered exports, technology and s<strong>of</strong>tware<br />

can be “exported” by giving a foreign national access to them in this country, or by posting the<br />

information on a website that may be viewed in other countries.<br />

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