Common use of Financial Statements; Internal Controls Clause in Contracts

Financial Statements; Internal Controls. (a) The Contributors have delivered to the Partnership true and correct copies of the following financial statements (the “Financial Statements”): (i) the audited consolidated balance sheets of Ruby Pipeline, Gulf Holdings and Young, as of December 31, 2011, 2012 and 2013, and the related statements of income, cash flows and members’ equity (or partners’ capital) for the year then ended; (ii) the unaudited consolidated balance sheet of Ruby Holding as of December 31, 2011 and 2012, and the related consolidated statements of income, cash flows and members’ equity for the year then ended; and (iii) the unaudited consolidated balance sheet of Ruby Holding as of September 30, 2013, and the related consolidated statements of income, cash flows and members’ equity for the nine months then ended.