Common use of Accounting Principles and Practices Clause in Contracts

Accounting Principles and Practices. Without the prior written consent of Forest, Lone Pine may not change its accounting principles or practices if a change in such accounting principle or practice would be required to be disclosed in Lone Pine’s financial statements as filed with the Commission or otherwise publicly disclosed, except for such changes which are required by GAAP and as to which there is no discretion on the part of Lone Pine, as concurred on by the Lone Pine Auditors prior to its implementation. Lone Pine shall give Forest as much prior notice as reasonably practical of any proposed determination of, or any significant changes in, its accounting estimates or, subject as aforesaid, accounting principles from those in effect on the Separation Date. Lone Pine will consult with Forest and, if requested by Forest, Lone Pine will consult with Forest’s Auditors with respect thereto. Forest shall give Lone Pine as much prior notice as reasonably practical of any proposed determination of, or any significant changes in, its accounting estimates or accounting principles pertaining to Lone Pine from those in effect on the Separation Date.