Privacy Policy

By accessing this website (the “Site”), you consent to collecting, using, and disclosing your personal information as explained in this privacy policy. This privacy policy is designed to explain Seabed’s policies and procedures concerning the collection, use, and disclosure by Seabed of personal information connected with the Site. This privacy policy has a limited scope and applies only to the Site.

Seabed’s general policy is to comply with the privacy legislation within each jurisdiction in which we operate. Privacy legislation or an individual’s right to privacy may differ from one jurisdiction to another. The rights and obligations described in this privacy policy may not apply to all individuals or in all jurisdictions. For information specific to the United Kingdom or the European Union residents, please see the Information for UK/EU Residents section below.

WHAT IS PERSONAL INFORMATION COLLECTED THROUGH THE SITE?

Seabed collects and maintains different types of personal information in connection with the Site, including:

• Contact and identification information, such as name, address, telephone number, and email address;
• Business relationship information, including information related to agreements, feedback, and the information requested or provided by or from you;
• Information related to your employment or application for employment, including your work and educational history;
• Information related to our media, investor, and public relations activities;
• Information related to leases of mineral or surface rights; and
• Information related to exploration, development and production activities, permits and licenses, emergency planning, and environmental stewardship.

HOW IS PERSONAL INFORMATION COLLECTED THROUGH THE SITE?

In general, you can visit the Site without telling us who you are or providing us with any personal information. There are portions of the Site where we may ask to collect personal information from you for a specific purpose, such as to provide you with the information requested by you or carry out a transaction requested by you. You are not required to provide this personal information to us. However, if you choose not to, we may not complete your requested transaction or provide you with the requested information.

We collect certain non-personal information about visitors to the Site, including the pages viewed, the links clicked, and other actions taken within the Site. We also collect certain standard information that your browser sends to every website you visit, such as your internet protocol (IP) address, your browser type, and capabilities and language, your operating system, the date and time you access the website, and the referring website from which you linked to our Site. We also may utilize exceptional electronic images or other objects embedded within the Site — sometimes referred to as web beacons or tracking pixels — to collect information that helps determine and analyze how you and other visitors use the Site. Suppose you have provided us with personal information through other means. In that case, we may connect your personal information with other information collected through our Site and use the combined information to help determine your potential interests in individual products, services, or the information and for other purposes described in this privacy policy.

Additionally, information related to your interactions with the Site may be collected and stored by us in small data files — commonly referred to as cookies — that are placed onto your device by our web servers. We may use temporary session cookies, which are terminated when you close your browser session, store the specific personal information you provide for purposes of administering that session and facilitate transactions requested by you during that session. We also may use persistent cookies, which remain saved on your device after your browser session is closed, to store non-personal information related to your interactions with the Site. Most Internet browsers automatically accept cookies, but you can usually modify your browser settings to decline cookies or to notify you when a cookie is being placed on your computer. Each browser is different, but generally, users can remove cookies by following directions provided in the browser’s “help” file. Please note that some Site features may not work if you reject cookies or disable cookies in your browser.

We may also obtain information about you transferred from or provided by third parties, such as those providing website analytics services or other parties or services that link to or provide information for the Site

HOW DOES Seabed USE PERSONAL INFORMATION?

Seabed collects personal information to enable us to manage and develop our business and operations, including:

• To establish, maintain and manage relations with you so that we may provide you with, or receive from you, the information, products, and services that have been requested;
• To improve our Site;
• To improve our security measures;
• To enable us to undertake our environmental, health, and safety activities, including incident planning, response, and investigation;
• any other reasonable purpose to which you consent.

We use your personal information for the purposes described in this privacy policy and for any additional purposes for which we have obtained your consent to the use or disclose your personal information. Your consent may be implied, deemed (using an opt-out mechanism), or express. Express consent can be given orally, electronically, or in writing. Implied consent is consent that can reasonably be inferred from your action or inaction. We may use your personal information without your knowledge or consent where we are permitted or required by applicable law or regulatory requirements to do so

HOW DOES Seabed DISCLOSE PERSONAL INFORMATION?

We share your personal information with our employees, contractors, consultants, and other parties who require such information to assist us with establishing, maintaining, and managing our business relationship with you, including third parties that provide services to us or on our behalf; third parties that collaborate with Seabed in the provision of services to you; and, third parties whose services we use to conduct our business.

Where we have obtained or granted an interest (such as through a partnership, joint venture, or other commercial structure) in one or a series of wells, pipelines, or other operations, Seabed may exchange personal information with third parties such as other resource companies, land agents, land brokers, and other third parties in the conduct of that operation.

Seabed's affiliated companies sometimes provide management, administrative and other services to other Seabed affiliates. Personal information may be collected, used, retained, or disclosed by and between Seabed's affiliates in such services' performance. Also, subsidiaries of Seabed Inc may disclose personal information to Seabed Inc as part of regular reporting activities.

Also, personal information may be disclosed or transferred to another party in the event of a change in ownership of, or the grant of a security interest in, all or a part of Seabed or its affiliates through, for example, an asset or share sale, or some other form of the business combination, merger, divestiture or joint venture, provided that such party is bound by appropriate agreements or obligations and required to use or disclose your personal information in a manner consistent with the use and disclosure provisions of this privacy policy unless you consent otherwise. Seabed or its affiliates may provide or continue to provide management, administrative, and other services to the other party as part of a change in ownership, whether for a fixed period or indefinitely. In such a case, your personal information would be used or disclosed in a manner consistent with the agreement between Seabed and the other party.

Further, personal information may be disclosed:

• As permitted or required by applicable law or regulatory requirements, in which case, we will endeavor not to disclose more personal information than is required under the circumstances;
• To comply with valid legal processes such as search warrants, subpoenas, or court orders;
• To protect the rights and property of Seabed;
• During emergencies or where necessary to protect the health or safety of a person or group of persons or to protect the environment;
• Where the personal information is public; or with your consent.

HOW DOES Seabed PROTECT PERSONAL INFORMATION?

Seabed endeavors to maintain adequate physical, procedural, and technical security concerning its offices and information storage facilities to prevent any loss, misuse, unauthorized access, disclosure, or personal information modification.

As part of those precautions, Seabed endeavors to restrict access to personal information to those employees and others (i.e., individuals or organizations providing services to Seabed) that it determines to need to know that information so that Seabed may conduct its activities.

HOW LONG DOES Seabed RETAIN PERSONAL INFORMATION?

Seabed retains the personal information collected through the Site or otherwise in its possession for so long as it is needed for the purposes for which it was obtained or so long as allowed for any other lawful retention purpose, subject, in each case, to applicable law regarding data retention periods for personal information.

HOW TO ACCESS AND UPDATE YOUR PERSONAL INFORMATION

Seabed endeavors to ensure that any personal information in its possession is as accurate, current, and complete as necessary for the purposes for which Seabed uses that information. If you want to review, verify, or correct your personal information, please contact us using the contact information set out below. Please note that any such communication must be in writing.

When requesting access to your personal information, please note that we may request specific information from you to confirm your identity and right to access and search for and provide you with the personal information we hold about you. We may charge you a fee to access your personal information; however, we will advise you of any fee in advance. If you require assistance in preparing your request, please contact us using the contact information set out below.

Your right to access the personal information that we hold about you is not absolute. For example, there are instances where your personal information may have been destroyed, erased, or made anonymous. Also, there are instances where applicable law or regulatory requirements allow or require us to refuse to provide some or all of the personal information that we hold about you. Suppose we cannot provide you with access to your personal information. In that case, we will endeavor to inform you of the reasons why subject to any legal or regulatory restrictions.

To some extent, Seabed relies on individuals to update their personal information. For example, suppose an individual has had a change of address or telephone number. In that case, the individual should complete the appropriate documentation and forward it to Seabed's appropriate contact requesting that the individual's file be updated. Unless an individual advises Seabed of these critical changes, Seabed may have no way of knowing about them.

Seabed reserves the right not to change any personal information and instead append any alternative information the individual concerned believes is appropriate. For example, Seabed may not change certain information in a lease administration file but attach a sheet to that file indicating the individual's amendment.

INFORMATION FOR UK/EU RESIDENTS

This section applies solely to residents of the United Kingdom ("UK") or the European Union ("EU"). It controls to the extent of any conflict with any other provisions of this privacy policy.

We exercise our rights to collect, process, and use your personally identifiable information under one or more of the following legal bases, as necessary:

• To comply with any agreement or contract with you or at your request;
• To comply with any applicable legal obligations;
• For our business or other interests, unless otherwise restricted by the fundamental rights and freedoms related to the protection of your personally identifiable information; or
• For other data processing purposes authorized by a member state or other law

Suppose we require the processing of your personally identifiable information other than as set forth above. In that case, we will request your consent by applicable law.

Under applicable law, you may have certain rights, including:

• Right to request access: You may have the right to obtain from us confirmation as to whether or not personally identifiable information concerning you is being processed, and, where that is the case, to request access to the information and the purposes of the processing, the categories of personal data concerned, the recipients or categories of recipient to whom the personal data have been or will be disclosed and, where possible, the planned period for which the data will be stored. You may also have the right to obtain a single copy of your data undergoing processing free of charge, with any other copies subject to a reasonable fee based on administrative costs. However, these rights to request access to information or copies of your data shall not adversely affect others' rights and freedoms.
• Right to request rectification: You may have the right to obtain from us without undue delay rectify inaccurate personal data concerning you. Considering the processing purposes, you may have the right to have incomplete personal data completed, including providing a supplementary statement.
• Right to request erasure ("be forgotten" ): You may have the right to obtain from us the erasure of personal data concerning you without undue delay, and we may have an obligation to erase such personal data without undue delay, in each case, where the conditions under the applicable law apply, but subject to any exceptions under applicable law.
• Right to request the restriction of processing: You may have the right to obtain from us restriction of processing your data where the conditions under the applicable law apply. Where applicable, such data shall, except storage, only be processed with your consent or for the establishment, exercise, or defense of legal claims or the protection of the rights of another natural or legal person or reasons of substantial public interest of the EU or a member state.
• Right to request data portability: You may have the right to receive the personal data concerning you, which you have provided to us, in a structured, commonly used, and machine-readable format, and you may have the right to transmit those data to another controller without hindrance from us, in each case, where the conditions under the applicable law apply.
• Right to object: You may have the right to object, on grounds relating to your particular situation, at any time to processing of personal data concerning you where the conditions under the applicable law apply, including if related to direct marketing purposes or profiling to the extent related to such direct marketing, and where applicable, we shall no longer process the personal data unless we demonstrate compelling legitimate grounds for the processing which override your interests, rights, and freedoms or for the establishment, exercise or defense of legal claims
• Right to avoid automated individual decision-making: You may have the right not to be subject to a decision based solely on automated processing, including profiling, which produces legal effects concerning you or significantly affects you, subject to the exceptions under applicable law.
• Right to withdraw consent: To the extent your consent is or was required to process your personally identifiable information, you may withdraw such consent at any time with future effect, but this will not affect the lawfulness of the processing before the withdrawal.

To exercise your rights under applicable law, please contact us using the contact information set out below. Please note that any such communication must be in writing. Suppose you are not satisfied with any response to your requests or have other unaddressed complaints or concerns. In that case, you have the right to complain to the relevant supervisory authority.

OTHER MATTERS RELATED TO OUR SITE

This privacy policy does not apply to any website other than our Site. Our Site contains links to other websites that Seabed does not own or control. We cannot be responsible for the privacy policies and practices of those websites. Similarly, we cannot be responsible for any website's privacy policies and practices that link to our Site. We encourage you to read every third party website's privacy policies and be aware when you leave our Site.

Please be aware that, by visiting our Site, you acknowledge that our servers are currently located in the United States and that the various communications necessarily result in the transfer of information across international boundaries.

By visiting our Site and communicating electronically with us, you consent to the processing and transfer of your personal information as set out in this privacy policy.

Personal information collected on our Site may be stored and processed in the United States of America or any other country where we maintain facilities. Personal information collected on our Site may be transferred among Seabed's various divisions and affiliated companies around the world, which may involve transfers from the UK or countries within the European Economic Area ("EEA") to countries outside the UK and EEA. Such transfers inside or outside the UK or EEA may be subject to applicable governmental decisions or inter-governmental agreements, certification programs, or treaties regarding whether the transfer provides an adequate data protection level from the applicable data protection law's perspective. Where such adequate data protection has not been determined under the preceding, we will transfer the data using appropriate safeguards, including using standard contractual clauses adopted by the EU. Personal information collected on our Site may be stored and processed by third-party service providers engaged by Seabed, which may store or process the information in the United States of America or any other country where such parties maintain facilities or operations. By choosing to access our Site, you consent to any such transfer, storage, or processing of personal data outside your country.

This privacy policy does not create or confer upon any individual any rights or impose upon Seabed any rights or obligations outside of, or in addition to, any rights or obligations imposed by the privacy laws of such individual's jurisdiction, as applicable. Should there be, in a specific case, any inconsistency between this privacy policy and the applicable privacy laws of such individual's jurisdiction, this privacy policy shall be interpreted, in respect of that case, to give effect to, and comply with, such privacy laws; provided, however, Seabed operates only within individual countries, states, territories, or jurisdictions, and Seabed intends to comply with the privacy laws applicable to its operations in such jurisdictions, with no intent to establish operations in other jurisdictions merely because of the availability of or access to the Site in such other jurisdictions. This policy includes examples but is not intended to be restricted in its application to such examples, thus 'including' shall mean 'including without limitation.

Our Site is a general audience website and a business website. As such, it is not intended for minors or children.

REVISIONS TO THIS POLICY

Seabed may, from time to time, make changes to this privacy policy to reflect changes in its legal or regulatory obligations or in the manner in which it deals with your personal information. Any changes to this privacy policy will be effective from the time they are posted, provided that any change that relates to why we collect, use or disclose your personal information will not apply to you, where your consent is required to such collection, use or disclosure until we have obtained your consent to such change.

CONTACTING US

This Site is owned and operated by Seabed Inc. All references in this privacy policy to "Seabed," "we," "us," "our," and like terms should be interpreted to cover Seabed Inc and its affiliates. However, these terms are not intended to describe any ownership or legal relationship among any entities.

If you have any questions regarding this privacy policy, you may write to us at:

Seabed Drills

We reserve the right to monitor your communications with us, whether by mail, voice, fax, email, or any other form of transmission, for quality control, security, and other business needs.

This website privacy policy was last updated on November. 13, 2020.