Marine HS Report

7/29/2019 Marine HS Report

http://slidepdf.com/reader/full/marine-hs-report 1/80

Guidelines for

Health and Safety

in the

Marine Energy Industry





*XLGHOLQHVIRU+HDOWKDQG6DIHW\LQWKH0DULQH(QHUJ\,QGXVWU\ 2FWREHU

$FNQRZOHGJHPHQWV7KLV GRFXPHQW KDV EHHQ GHYHORSHG DVRQH RI D QXPEHU RI JXLGHV DQG GUDIW

VWDQGDUGV IRU WKH 0DULQH (QHUJ\ ,QGXVWU\ DV SDUW RI D SURMHFW FRRUGLQDWHG E\(0(& %:($ DOVR H[SUHVVHV WKDQNV WR WKH 6FRWWLVK *RYHUQPHQW IRU ILQDQFLDO

DVVLVWDQFHLQWKHSUHSDUDWLRQRIWKLVJXLGHOLQH

7KH%ULWLVK:LQG(QHUJ\$VVRFLDWLRQSDUWLFXODUO\ZLVKHVWRDFNQRZOHGJHWKHWLPHHIIRUWH[SHULHQFHDQGH[SHUWLVHRIWKHIROORZLQJSHRSOHZKRKDYHFRQWULEXWHGWR

WKLVSXEOLFDWLRQ

-RKQ*ULIILWKV(0(&3HWHU+RGJHWWVDQG*HQLH:HEE6HD5RF)UDVHU-RKQVRQ

25(&RQDQG3HWHU0DGLJDQ%:($

%:($DOVRH[SUHVVHVWKDQNV WRWKH6FRWWLVK*RYHUQPHQWIRU ILQDQFLDODVVLVWDQFHLQWKHSUHSDUDWLRQRIWKLVJXLGHOLQH

3UHIDFH

7KH%:($LVSURXGWRHQGRUVHWKHVHJXLGHOLQHVIRUKHDOWKDQGVDIHW\IRUPDULQHHQHUJ\FRQYHUWHUV 7KH%:($SURGXFHGLWVKHDOWKDQGVDIHW\JXLGHOLQHVIRUWKH

ZLQG LQGXVWU\ LQ DQG KDV EHHQ PDLQWDLQLQJ WKHVH ZLWK WKH ODWHVW

XQGHUVWDQGLQJRIEHVWSUDFWLFHHYHUVLQFH 6LQFHLWKDVEHFRPHFOHDU WKDWPDQ\ RI RXUPHPEHUV ZHUH DOVREHFRPLQJ LQYROYHG LQ ZDYH DQG WLGDO VWUHDP

JHQHUDWLRQDQGVRLQZHWRRNPDULQHHQHUJ\WREHSDUWRIRXUUHPLWDVZHOO

7KRXJK WKHUH DUH VLPLODULWLHV EHWZHHQ WKHZLQG DQGPDULQH HQHUJ\ LQGXVWULHVWKHUHDUHDOVRJUHDWGLIIHUHQFHVVLJQLILFDQWO\LQWKHVWDJHRIGHYHORSPHQWRIWKH

UHVSHFWLYHWHFKQRORJLHVDQGWKHYHU\H[SRVHGDQGKLJKHQHUJ\PDULQHORFDWLRQVLQZKLFKZDYHDQGWLGDODUUD\VZLOOEHORFDWHG7KLVGRFXPHQWZLOOEHWDNHQIRUZDUGZLWK FRQVXOWDWLRQ DQG IXUWKHU FRQVLGHUDWLRQ WRPDNH IXOO XVH RI WKH NQRZOHGJH

FRQWDLQHG ZLWKLQ WKH LQGXVWU\ DQG GUDZ RQ H[SHULHQFH IURP WKH RIIVKRUH ZLQGLQGXVWU\DQGRWKHUVHFWRUV




&RQWHQWV

,QWURGXFWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ Ś 7KH1DWXUHRIWKH*XLGHOLQHV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ ś 6WDWXVRIWKH*XLGDQFH ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ Ŝ )XUWKHU,QIRUPDWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ ŝ 3ULQFLSOHVRI6XFFHVVIXO+HDOWKDQG6DIHW\0DQDJHPHQW ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ Ş ,QWURGXFWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ Ş /HJLVODWLYH5HTXLUHPHQWV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ Ş 3ROLF\ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ ş 2UJDQLVLQJ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ ş 3ODQQLQJDQGLPSOHPHQWDWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ ş 0HDVXULQJDQGUHYLHZLQJSHUIRUPDQFH ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŗŖ 5HOHYDQFHRI2FFXSDWLRQDO+HDOWK6DIHW\$XGLWDEOH6WDQGDUG2+6$6

ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŗŗ 5LVN$VVHVVPHQW ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŗŘ 0DQDJHPHQWRI&KDQJH ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŗř

/HJLVODWLRQDQG6WDQGDUGV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ ŗŚ 5HOHYDQW+HDOWKDQG6DIHW\/HJLVODWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŗŚ 5HOHYDQW6WDQGDUGVDQG*XLGHOLQHV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŗŜ 7KH&RQVWUXFWLRQ'HVLJQDQG0DQDJHPHQW5HJXODWLRQV&'0

UHJXODWLRQV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŗŞ 6HFWLRQV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ Řř 6LWHVHOHFWLRQLQLWLDOVLWHLQYHVWLJDWLRQSODQQLQJFRQVLGHUDWLRQV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ Řř ,QWURGXFWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŘř 6LWH6HOHFWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŘŚ 6LWHLQYHVWLJDWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŘŜ

'HVLJQ6SHFLILFDWLRQ0DQXIDFWXUHDQG7HVWLQJ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ Řş ,QWURGXFWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŘş 6LWH6SHFLILF'DWD5HTXLUHPHQWVIRU6DIH'HVLJQV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŘş 'HYLFH'HVLJQ&RQVLGHUDWLRQV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřŖ 'HVLJQIRU0DULQH+D]DUGV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřŘ 6SHFLILFDWLRQV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřř 0DQXIDFWXUH ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřř 7HVWLQJ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřŚ

,QVWDOODWLRQ&RPPLVVLRQLQJDQG'HFRPPLVVLRQLQJ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ řś ,QWURGXFWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřś 3ODQQLQJ&RPPXQLFDWLRQ&RRUGLQDWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřś 1RWLILFDWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřś 'RFXPHQWDU\FRQWURODQG5HFRUGNHHSLQJ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřŜ +D]DUG,GHQWLILFDWLRQDQG5LVN$VVHVVPHQWV+,5$ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřŜ 6DIH6\VWHPRIZRUN ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřŜ ,QIRUPDWLRQ&RQVXOWDWLRQ7UDLQLQJDQG6XSHUYLVLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřŝ &RPSHWHQF\DQG)LWQHVV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřŝ 0HW2FHDQ&RQVLGHUDWLRQV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřŝ 6DIH:RUNLQJ3UDFWLFHV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯřŞ 2QVKRUH:RUNV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚř 6DIHW\6LJQVǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚř &KHPLFDOVDQG6XEVWDQFHVǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚř 6HFXULW\ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚŚ 2FFXSDWLRQDO+HDOWK ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚŚ 0HGLFDO)DFLOLWLHVDQG)LUVWDLG ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚŚ




(PHUJHQF\5HVSRQVH3ODQQLQJ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚŚ 5HSRUWLQJDQG,QYHVWLJDWLRQRI$FFLGHQWVDQG,QFLGHQWV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚś $VEXLOWGDWDDQGWKH+HDOWKDQG6DIHW\)LOH ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚŜ

2SHUDWLRQDQG0DLQWHQDQFH ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ Śŝ ,QWURGXFWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚŝ 3ODQQLQJ&RPPXQLFDWLRQ&RRUGLQDWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚŞ 'RFXPHQWDU\&RQWURODQG5HFRUG.HHSLQJ20 ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚŞ 6DIH6\VWHPVRI:RUN ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚş ,QIRUPDWLRQ&RQVXOWDWLRQ7UDLQLQJDQG6XSHUYLVLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŚş 0DLQWHQDQFH3ODQQLQJ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśŖ 6DIH:RUNLQJ3UDFWLFHV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśŖ 6DIHW\6LJQVǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśŚ &KHPLFDOVDQG6XEVWDQFHVǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśŚ 6HFXULW\ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśŚ 2FFXSDWLRQDO+HDOWK ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśŚ 0HGLFDO)DFLOLWLHVDQG)LUVWDLG ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśś (PHUJHQF\5HVSRQVH3ODQQLQJ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśś 5HSRUWLQJDQG,QYHVWLJDWLRQRI$FFLGHQWVDQG,QFLGHQWV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśŜ 6DIHW\(TXLSPHQW ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśŝ

$33(1',;0DULQHDQG1DYLJDWLRQDO3ODQQLQJǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ śŞ $ *HQHUDO ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśŞ % 3DVVDJH3ODQQLQJ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśŞ & :HDWKHUURXWLQJDQGIRUHFDVWLQJ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśş ' 'HSDUWXUHǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯśş ( 3RUWVRI6KHOWHUVKHOWHUDUHDVKROGLQJDUHDV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŜŖ ) 3LORWDJH ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŜŖ *

/RJ

ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŜŖ + 7RZDJH ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŜŖ , 7XJVHOHFWLRQ ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯŜŖ

$33(1',;±.12:7+(/$:ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ Ŝŗ $33(1',;5()(5(1&(6 ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ ŝŖ $33(1',;86()8/&217$&76 ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ ŝř $33(1',;±2WKHUUHODWHG%:($LQLWLDWLYHV ǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯǯ ŝŝ




,QWURGXFWLRQ

7KHSRWHQWLDORIZDYHDQGWLGDOHQHUJ\DURXQGWKH8.VKRUHVLVVLJQLILFDQW7RKDUQHVV WKLV SRWHQWLDOZLOO UHTXLUHJUHDWHIIRUWVRIHQJLQHHULQJ :DYHHQHUJ\ FRQYHUWHUV ZLOO EH ORFDWHG LQ H[SRVHG PDULQH FRQGLWLRQV ZLWK

VRPHWLPHV VHYHUH ZDYH FOLPDWHV ZKLOVW WLGDO HQHUJ\ FRQYHUWHUV ZLOO EHORFDWHGLQDUHDVRIYHU\KLJKFXUUHQW7KHVHµKLJKHQHUJ\¶ORFDWLRQVSUHVHQW

QHZDQG FRPSOH[ FKDOOHQJHVWR RIIVKRUH FRQVWUXFWLRQ DQG LW LV YLWDO WKDWGHYHORSHUV HQVXUH WKDW WKH\ SODFH DGHTXDWH HPSKDVLV RQ XQGHUVWDQGLQJ

DQG PLWLJDWLQJ WKH KHDOWK DQG VDIHW\ ULVNV DVVRFLDWHG ZLWK WKHVH QRYHO

GHYHORSPHQWV

'HYHORSHUVDUH H[SHFWHG WRDGKHUHWR WKHKLJKHVWVWDQGDUGVDQGHQVXUH

WKDWFRQWUDFWVIRUGHVLJQSURFXUHPHQWDQGRSHUDWLRQDUHZULWWHQVRDVWRSURPRWHVDIHSUDFWLFHVDQGDYRLGFODXVHVWKDWPD\FRPSURPLVHKHDOWKDQG

VDIHW\ 7KLV LV IXQGDPHQWDO WR WKH GHYHORSPHQW DQG PDLQWHQDQFH RI DVWURQJVDIHW\ILUVWFXOWXUHZLWKLQWKHLQGXVWU\

2ZQHUV GHVLJQHUV PDQXIDFWXUHUV DQG LQVWDOOHUV RI WKH SODQW DQG

HTXLSPHQWZLOOKDYHVLJQLILFDQWLPSDFWRQKHDOWKDQGVDIHW\WKURXJKRXWWKHOLIH RI WKH SURMHFW $V VXFK WKH\ KDYH D PDMRU LQIOXHQFH LQ SURPRWLQJ

LPSURYHPHQWVLQKHDOWKDQGVDIHW\ZLWKLQWKHLQGXVWU\

7KH HPHUJLQJ QDWXUH RI WKH PDULQH UHQHZDEOH HQHUJ\ LQGXVWU\ PHDQV

WKHUH LV D JUHDW YDULHW\ LQ WKH GHYLFHV XQGHU GHYHORSPHQW DQG WKHLULQVWDOODWLRQ DQG PDLQWHQDQFH UHTXLUHPHQWV +HDOWK DQG VDIHW\ JXLGDQFHZLOOQHHGWREHVSHFLILFHQRXJKWRJLYHDQDGHTXDWHOHYHORISURWHFWLRQDQG

DOVRIOH[LEOHHQRXJKWRDOORZLQQRYDWLYHLGHDVWREHGHYHORSHG

)XWXUHUHYLVLRQVRIWKHVHJXLGHOLQHVDUHH[SHFWHGDVWKHPDULQHUHQHZDEOH

LQGXVWU\H[SDQGVDQGQHZGHYLFHVDUHGHYHORSHG$WWKLVVWDJHLWLVE\QRPHDQVFHUWDLQZKLFKWHFKQRORJLHVZLOOEHFRPHWKH PRVWH[WHQVLYHO\ XVHG

LQIXWXUH ([SHULHQFHZLOOGHYHORSDVSURMHFWVDUH LQVWDOOHGWHFKQRORJLHVPDWXUH DQG WKH LQGXVWU\ PRYHV LQ VRPH FDVHV IURP VLQJOH GHYLFHLQVWDOODWLRQVWRGHYLFHDUUD\V7KHNQRZOHGJHJDLQHGIURPWKLVZLOOQHHGWR

EHLQFRUSRUDWHGLQ IXWXUHHGLWLRQVRIWKLVGRFXPHQW 1HZ OHJLVODWLRQDQGUHJXODWLRQV EHLQJ GHYHORSHG PD\ UHTXLUH D FKDQJH WR KHDOWK DQG VDIHW\

SUDFWLFHV7KHVHJXLGHOLQHVLQWHQGWREHDWWKHIRUHIURQWRIWKHVHFKDQJHV

VKDSLQJWKHPWRDVVLVWLQGHOLYHULQJWKHKLJKHVWVWDQGDUGVIRUWKHLQGXVWU\




7KH1DWXUHRIWKH*XLGHOLQHV

7KLVJXLGDQFHLVLQWHQGHGWREHUHOHYDQWWRDOORUJDQLVDWLRQVFRQWULEXWLQJWR

WKH OLIH F\FOH RI PDULQH GHYLFH DUUD\V IURP LQLWLDO IHDVLELOLW\ VWXGLHVWKURXJK WR GHFRPPLVVLRQLQJ EXW LV SDUWLFXODUO\ UHOHYDQW WR VHQLRU

PDQDJHPHQW ZLWKLQ RUJDQLVDWLRQV GHYHORSLQJ FRQVWUXFWLQJ RU RSHUDWLQJ

PDULQHGHYLFHVRUFRQVLGHULQJEHFRPLQJLQYROYHGLQWKHVHFWRU ,WLVQRWLQWHQGHGWRSURYLGHLQGHSWKDGYLFHDQGJXLGDQFHRQDOODVSHFWVRI

KHDOWK DQG VDIHW\ LQ UHODWLRQ WR WKHGHVLJQ FRQVWUXFWLRQFRPPLVVLRQLQJRSHUDWLRQPDLQWHQDQFHDQGUHPRYDORIGHYLFHV+RZHYHULWGRHVSURYLGH

VHQLRU PDQDJHPHQW ZLWK VXIILFLHQW LQIRUPDWLRQ WR DVN WKH QHFHVVDU\

TXHVWLRQVLQUHODWLRQWRWKHVHDVSHFWVLQRUGHUWRVDWLVI\WKHPVHOYHVWKDWWKHLURUJDQLVDWLRQLVSURPRWLQJWKHKLJKHVWVWDQGDUGVRIKHDOWKDQGVDIHW\

%RWK ZDYH DQG WLGDO VWUHDP GHYLFHV DUH FRYHUHG E\ WKLV JXLGDQFH

KRZHYHU WKHUH DUH DVSHFWV RI KHDOWK DQG VDIHW\ ZKHUH WKHVH GHYLFHVGLIIHU ,W LVPDGHFOHDULQWKH WH[WZKHWKHU WKHDGYLFHLVDSSURSULDWH IRUERWKW\SHVRIWHFKQRORJLHVRULIRQO\RQHLVFRYHUHG




6WDWXVRIWKH*XLGDQFH

2UJDQLVDWLRQV LQYROYHG ZLWK WKH PDULQH UHQHZDEOH HQHUJ\ LQGXVWU\ DUHUHPLQGHGWKDWWKH\GRKDYHVWDWXWRU\GXWLHVXQGHU8.KHDOWK DQGVDIHW\OHJLVODWLRQ7KHSXUSRVHRIWKLVGRFXPHQWLVWRRIIHUVRPHDGYLFHRQKHDOWK

DQG VDIHW\ LVVXHV WKDW DUH VSHFLILF WR WKH PDULQH HQHUJ\ LQGXVWU\6DWLVI\LQJ WKHUHTXLUHPHQWVRIWKLVJXLGDQFHVKRXOGQRWEHYLHZHGDVDQLQGLFDWLRQ RI WRWDO FRPSOLDQFH ZLWK WKH ODZ 7KHUH LV QR VXEVWLWXWH IRU

NQRZOHGJHRILQGLYLGXDOGXWLHVDQGOHJDOUHTXLUHPHQWV




)XUWKHU,QIRUPDWLRQ

$SSHQGL[KLJKOLJKWVQDYLJDWLRQDODQGPDULWLPH LVVXHV IRUPDULQHGHYLFHKHDOWKDQGVDIHW\

$SSHQGL[ FRQWDLQV D EULHI H[SODQDWLRQ RI WKHPDLQ DUHDVRI OHJLVODWLRQDSSOLFDEOHWRWKHPDULQHUHQHZDEOHHQHUJ\LQGXVWU\$OLVWRIVRPHXVHIXOKHDOWKDQGVDIHW\SXEOLFDWLRQVFDQEHIRXQGLQ$SSHQGL[

)XUWKHUDGYLFH LVDYDLODEOHGLUHFWO\ IURP WKH+HDOWKDQG6DIHW\([HFXWLYH+6(DQGVRPHFRQWDFWSRLQWVDUHSURYLGHGLQ$SSHQGL[

)RUVPDOORUJDQLVDWLRQVWKDWGRQRWKDYHWKHQHFHVVDU\NQRZOHGJHVNLOOVRUUHVRXUFHV DYDLODEOH WR WKHP VSHFLDOLVW DGYLFH FDQ EH VRXJKW IURP DQLQGHSHQGHQW+HDOWKDQG6DIHW\&RQVXOWDQW7KH,QVWLWXWLRQRI2FFXSDWLRQDO

6DIHW\ DQG +HDOWK ,26+ PDLQWDLQV D 5HJLVWHU RI +HDOWK DQG 6DIHW\

&RQVXOWDQWV )XUWKHU LQIRUPDWLRQ LV DYDLODEOH RQ WKH ,QWHUQHW DWZZZLRVKFRXNLQGH[FIP"JRFRQVXOWDQF\PDLQ




3ULQFLSOHV RI 6XFFHVVIXO +HDOWK DQG 6DIHW\0DQDJHPHQW

,QWURGXFWLRQ

6XFFHVVIXO +HDOWK DQG 6DIHW\ 0DQDJHPHQW LV DFKLHYHG E\ FUHDWLQJ DQG

PDLQWDLQLQJDVWURQJKHDOWKDQGVDIHW\FXOWXUHDWWKHSURMHFWVFRQFHSWLRQ$+HDOWKDQG6DIHW\0DQDJHPHQW6\VWHPVKRXOGEHSXWLQSODFHIURPWKH

VWDUWDQGUHVSRQVLELOLW\IRULWVGHYHORSPHQWDQGLPSOHPHQWDWLRQVKRXOGEHDOORFDWHG

/HJLVODWLYH5HTXLUHPHQWV

7KH IROORZLQJ KHDOWK DQG VDIHW\ OHJLVODWLRQ VHWV RXW UHTXLUHPHQWV IRU DOO

HPSOR\HUV WR HVWDEOLVK D KHDOWK DQG VDIHW\ SROLF\ DQG VXSSRUWLQJDUUDQJHPHQWVIRUWKHHIIHFWLYHLPSOHPHQWDWLRQRIWKHSROLF\

7KH+HDOWKDQG6DIHW\DW:RUNHWF$FW

6HFWLRQ±,WVKDOOEHWKHGXW\RIHYHU\HPSOR\HUWRSUHSDUHDQGDV

RIWHQ DVPD\ EH DSSURSULDWH UHYLVH D ZULWWHQ VWDWHPHQW RI KLV JHQHUDO

SROLF\ZLWKUHVSHFWWRWKHKHDOWKVDIHW\DWZRUNRIKLVHPSOR\HHVDQGWKHRUJDQLVDWLRQDQGDUUDQJHPHQWVIRUWKHWLPHEHLQJLQIRUFHIRUFDUU\LQJRXW

WKDWSROLF\DQGWREULQJWKHVWDWHPHQWDQGDQ\UHYLVLRQRILWWRWKHQRWLFHRIDOOKLVHPSOR\HHV

0DQDJHPHQWRI+HDOWK6DIHW\DW:RUN5HJXODWLRQV

5HJXODWLRQ+HDOWKDQGVDIHW\DUUDQJHPHQWV

5HJ(YHU\HPSOR\HUVKDOOPDNHDQGJLYHHIIHFWWRVXFKDUUDQJHPHQWVDVDUHDSSURSULDWHKDYLQJUHJDUGWRWKHQDWXUHRIKLVDFWLYLWLHVDQGWKHVL]HRIKLVXQGHUWDNLQJIRUWKHHIIHFWLYHSODQQLQJRUJDQLVDWLRQFRQWUROPRQLWRULQJDQGUHYLHZRIWKHSUHYHQWLYHDQG SURWHFWLYHPHDVXUHV

7KH +6(¶V *XLGDQFH GRFXPHQW ³6XFFHVVIXO +HDOWK DQG 6DIHW\

0DQDJHPHQW +6* ,6%1 KDV EHHQ GHVLJQHG WR

SURYLGH HPSOR\HUV ZLWK DSSURSULDWH JXLGDQFH WR HQDEOH WKHP WRXQGHUVWDQG KRZ WKH\ PD\ LPSOHPHQW DQG IXOILO LQ SUDFWLFH WKH

UHTXLUHPHQWVRIWKLVOHJLVODWLRQ

7KHNH\HOHPHQWVGHVFULEHGZLWKLQWKLVJXLGDQFHGRFXPHQWDUH

• SROLF\

• RUJDQLVLQJ

• SODQQLQJDQGLPSOHPHQWDWLRQ

• PHDVXULQJSHUIRUPDQFH

• DXGLWLQJDQGUHYLHZ

3URSHUO\OLQNHGWKHVHHOHPHQWVFRPELQHWRIRUPDFRKHUHQWDQGHIIHFWLYHKHDOWK DQGVDIHW\PDQDJHPHQWV\VWHP ,W LV LPSRUWDQW WRUHPHPEHUDVZLWKDOOPDQDJHPHQWV\VWHPVWKH\VKRXOGEHWDLORUHGWRWKHQHHGVRIWKHRUJDQLVDWLRQDQGEHFRQWLQXRXVO\UHYLHZHGDQGZKHUHQHFHVVDU\LPSURYHGWRHQVXUHWKHLUHIIHFWLYHQHVV




3ROLF\

6HWWLQJWKHRYHUDOODLPVDQGFRQILUPLQJPDQDJHPHQWFRPPLWPHQW

7KHXOWLPDWH DLPRI DKHDOWKDQGVDIHW\SROLF\LV WR DSSO\ WKH ORJLF DQGULJRXU RI EXVLQHVV SODQQLQJ WR WKH LGHQWLILFDWLRQ DQGFRQWURO RI ULVNV$OODUHDVRIEXVLQHVV DUH LQIOXHQFHGE\KHDOWK DQGVDIHW\SROLF\7KH SROLF\SURYLGHVDPRQJVWRWKHUWKLQJVWKHFRPPLWPHQWRIVHQLRUPDQDJHPHQWWRWKHKHDOWKDQGVDIHW\REMHFWLYHVRIWKHRUJDQLVDWLRQ

2UJDQLVLQJ

,GHQWLI\LQJZKRZLOOGRZKDW

7RVHFXUHWKHLPSOHPHQWDWLRQDQGFRQWLQXHGGHYHORSPHQWRIDKHDOWKDQGVDIHW\SROLF\LWLVHVVHQWLDOWRKDYHDFOHDUO\GHILQHGVWUXFWXUHWRPDQDJHWKH LPSOHPHQWDWLRQ RI SROLF\ DQG UHVXOWLQJ SURFHGXUHV $OWKRXJK KHDOWKDQG VDIHW\ LV WKH UHVSRQVLELOLW\ RI HYHU\RQH VSHFLILF UHVSRQVLELOLWLHV RILQGLYLGXDOV LQYROYHG LQKHDOWK DQG VDIHW\DW DOO OHYHOVRIWKHRUJDQLVDWLRQ

VKRXOG EH HVWDEOLVKHG DV VKRXOG WKH UHODWLRQVKLSV EHWZHHQ WKRVHLQGLYLGXDOV7KHDLPVRIWKHRUJDQLVDWLRQVKRXOGEHWR

• HVWDEOLVKDQGPDLQWDLQPDQDJHPHQWFRQWUROZLWKLQWKHRUJDQLVDWLRQ

• SURPRWHDVWURQJVDIHW\FXOWXUH

• SURPRWH FRRSHUDWLRQEHWZHHQLQGLYLGXDOVVDIHW\UHSUHVHQWDWLYHVDQGJURXSVVRWKDWKHDOWKDQGVDIHW\EHFRPHVDFROODERUDWLYHHIIRUW

• HQVXUHWKDWUHVSRQVLELOLWLHVDUHFOHDUO\VHWGRZQDQGXQGHUVWRRG

• HQVXUH FRPPXQLFDWLRQ RI UHOHYDQW LQIRUPDWLRQ WKURXJKRXW WKHRUJDQLVDWLRQ

• VHFXUHWKHFRPSHWHQFHRIHPSOR\HHV

3ODQQLQJDQGLPSOHPHQWDWLRQ

3XWWLQJSROLF\LQWRSUDFWLFH

7REHVXFFHVVIXOLQKHDOWKDQGVDIHW\PDQDJHPHQWLWLVQHFHVVDU\WRGUDZXSSODQVDQGVHWSHUIRUPDQFHVWDQGDUGVZLWKWKHRYHUDOODLPRIFRQWUROOLQJRUHOLPLQDWLQJ ULVNV7KH SODQVGHILQHWKHVWDQGDUGV RIKHDOWK DQG VDIHW\WKHRUJDQLVDWLRQLVDLPLQJWRDFKLHYHKRZWKH\ZLOOEHDFFRPSOLVKHGDQGWKHWLPHVFDOHIRUDFKLHYHPHQW7KHSODQQLQJDQGLPSOHPHQWDWLRQSURFHVVZKLFKVKRXOGLQFOXGHVWDIIFRQVXOWDWLRQDQGWUDLQLQJZLOOUHVXOWLQRSHUDWLQJDQGPDLQWDLQLQJV\VWHPVZKLFK

• LGHQWLI\REMHFWLYHVDQGWDUJHWVIRUWKHLUDFKLHYHPHQWZLWKLQDVSHFLILHG

SHULRG

• VHWSHUIRUPDQFHVWDQGDUGVIRUPDQDJHPHQWDFWLRQV

• VHWSHUIRUPDQFH VWDQGDUGV IRU WKHFRQWURO RI ULVNV WR HPSOR\HHVDQGRWKHUV DIIHFWHG E\ ZRUN DFWLYLWLHV IRU H[DPSOH FXVWRPHUV DQGYLVLWRUV

• HVWDEOLVKSULRULWLHVIRUSURYLVLRQDQGPDLQWHQDQFHRIFRQWUROPHDVXUHV

• HQVXUHDGHTXDWHVXSSRUWLQJGRFXPHQWVIRUDOOSHUIRUPDQFHVWDQGDUGV

• SURYLGHDGHTXDWHUHVRXUFHVLQFOXGLQJWLPH




,Q GHYLVLQJ FRQWURO PHDVXUHV LW LV QHFHVVDU\ WR DQDO\VH ZRUN SUDFWLFHVV\VWHPDWLFDOO\ LGHQWLI\ ULVNVDQGFDUU\RXW ULVN DVVHVVPHQWV VHH6HFWLRQ :KHQ LGHQWLI\LQJ DQG IRUPXODWLQJ DSSURSULDWH FRQWURO PHDVXUHVHPSOR\HUV DUH UHTXLUHG WR IROORZ WKHKLHUDUFK\ RI FRQWURO LQ DFFRUGDQFHZLWK5HJXODWLRQ±³3ULQFLSOHVRISUHYHQWLRQWREHDSSOLHG´DQG6FKHGXOHRIWKH0DQDJHPHQWRI+HDOWK6DIHW\DW:RUN5HJXODWLRQVGHWDLOHGEHORZ

D DYRLGLQJULVNV

E HYDOXDWLQJWKHULVNVZKLFKFDQQRWEHDYRLGHGF FRPEDWLQJWKHULVNVDWVRXUFH

G DGDSWLQJWKHZRUNWRWKHLQGLYLGXDOHVSHFLDOO\DVUHJDUGVWKHGHVLJQ

RI ZRUNSODFHV WKH FKRLFH RI ZRUN HTXLSPHQW DQG WKH FKRLFH RIZRUNLQJ DQG SURGXFWLRQ PHWKRGV ZLWK D YLHZ LQ SDUWLFXODU WR

DOOHYLDWLQJPRQRWRQRXVZRUN DQG ZRUN DW D SUHGHWHUPLQHGZRUN

UDWHDQGWRUHGXFLQJWKHLUHIIHFWRQKHDOWKH DGDSWLQJWRWHFKQLFDOSURJUHVV

I UHSODFLQJ WKH GDQJHURXV E\ WKH QRQ GDQJHURXV RU WKH OHVVGDQJHURXV

J GHYHORSLQJ D FRKHUHQW RYHUDOO SUHYHQWLRQ SROLF\ ZKLFK FRYHUV

WHFKQRORJ\ RUJDQLVDWLRQ RI ZRUN ZRUNLQJ FRQGLWLRQV VRFLDO

UHODWLRQVKLSV DQG WKH LQIOXHQFH RI IDFWRUV UHODWLQJ WR WKH ZRUNLQJHQYLURQPHQW

K JLYLQJ FROOHFWLYH SURWHFWLYH PHDVXUHV SULRULW\ RYHU LQGLYLGXDOSURWHFWLYHPHDVXUHV

L JLYLQJDSSURSULDWHLQVWUXFWLRQVWRHPSOR\HHV

0HDVXULQJDQGUHYLHZLQJSHUIRUPDQFH

&KHFNLQJ VWDQGDUGV DUH UHDOO\ EHLQJ DFKLHYHG SUDLVH DFKLHYHPHQW DQG

HQVXUHIDXOWVRSSRUWXQLWLHVIRULPSURYHPHQWDUHDFWHGRQ

,QRUGHUWRFKHFNWKDWWKHKHDOWKDQGVDIHW\VWDQGDUGVDUHDFWXDOO\EHLQJDFKLHYHG LQSUDFWLFHLW LVQHFHVVDU\ WRPHDVXUHSHUIRUPDQFHDJDLQVW WKHSUHGHWHUPLQHG SODQV VWDQGDUGV DQG SURFHGXUHV $Q\ DUHDV ZKHUH WKHSODQQHG VWDQGDUGV DUH QRW EHLQJPHW VKRXOG EH LGHQWLILHG IRU UHPHGLDODFWLRQ7KHW\SHVRIV\VWHPVWKDWFDQEHXVHGWRPRQLWRUKHDOWKDQGVDIHW\SHUIRUPDQFHFDQEHFDWHJRULVHGLQWRDFWLYHDQGUHDFWLYHV\VWHPV

$FWLYHPRQLWRULQJV\VWHPV

$OVRNQRZQDV3URDFWLYHPRQLWRULQJLQFOXGH

• PRQLWRULQJ RI VSHFLILF REMHFWLYHV DQG UHSRUWLQJ UHVXOWV TXDUWHUO\ RU

PRQWKO\• SHULRGLFH[DPLQDWLRQRIGRFXPHQWVWRUHYLHZSHUIRUPDQFHDVVHVVPHQW

UHFRUGLQJRIWUDLQLQJQHHGVDQGGHOLYHU\RIVXLWDEOHWUDLQLQJ

• WKH V\VWHPDWLF LQVSHFWLRQ RI SUHPLVHV SODQW DQG HTXLSPHQW E\

VXSHUYLVRUV PDLQWHQDQFH VWDII PDQDJHPHQW DQG VDIHW\UHSUHVHQWDWLYHV RURWKHUHPSOR\HHV WRHQVXUHWKH FRQWLQXHGHIIHFWLYH

RSHUDWLRQRIZRUNSODFHSUHFDXWLRQV

• HQYLURQPHQWDO PRQLWRULQJ DQG KHDOWK VXUYHLOODQFH WR FKHFN RQ WKHHIIHFWLYHQHVVRIKHDOWK FRQWUROPHDVXUHVDQG WRGHWHFWHDUO\VLJQVRIKDUPWRKHDOWK

• GLUHFW REVHUYDWLRQ RIZRUN DQGEHKDYLRXU E\ ILUVW OLQH VXSHUYLVRUV WRDVVHVVFRPSOLDQFHWRSURFHGXUHVUXOHVDQGULVNVFRQWURO

• WKHRSHUDWLRQRIDXGLWV\VWHPV

• UHJXODU UHYLHZRIKHDOWKDQGVDIHW\SHUIRUPDQFHUHSRUWVE\WKH%RDUGRI'LUHFWRUV




5HDFWLYHPRQLWRULQJV\VWHPV

,GHQWLI\ZKHUHKHDOWKDQGVDIHW\VWDQGDUGVDUHQRWEHLQJPHWDQGUHSRUWDQGDQDO\VHIDLOXUHV±IRUH[DPSOHDFFLGHQWVFDVHVRILOOKHDOWKRUGDPDJH

WRSURSHUW\

:KHQ UHSRUWLQJDQGUHVSRQVHV\VWHPVDUHSXWLQSODFHLW LVLPSRUWDQW WRHQVXUH WKDWPRQLWRULQJ LQIRUPDWLRQ LVHYDOXDWHGE\SHRSOHFRPSHWHQW WRUHFRJQLVHVLWXDWLRQVZKHUHWKHUHLVDQLPPHGLDWHULVNWRKHDOWKRUVDIHW\DV ZHOO DV ORQJHU WHUP WUHQGV 7KH\ VKRXOG KDYH VXIILFLHQW DXWKRULW\ WRHQVXUH WKDW DSSURSULDWH UHPHGLDO DFWLRQ LV WDNHQ (IIHFWLYH LQYHVWLJDWLRQDQGDQDO\VLVUHTXLUHVWKDW

• SULRULW\LVJLYHQWRLQFLGHQWVZKLFKLQGLFDWHWKHJUHDWHVWULVN

• LGHQWLILFDWLRQ RI ERWK WKH LPPHGLDWH DQG WKH XQGHUO\LQJ FDXVHV RIHYHQWV

• LQIRUPDWLRQ UHDFKHV PDQDJHPHQW ZLWK VXIILFLHQW DXWKRULW\ WR LQLWLDWHUHPHGLDODFWLRQLQFOXGLQJRUJDQLVDWLRQDODQGSROLF\FKDQJHV

• DGHTXDWH DQDO\VLV LV PDGH RI DOO FROOHFWHG GDWD WR LGHQWLI\ FRPPRQIHDWXUHVRUWUHQGVDQGLQLWLDWHLPSURYHPHQWVDWDQRUJDQLVDWLRQDOOHYHO

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

5HOHYDQFH RI 2FFXSDWLRQDO +HDOWK 6DIHW\ $XGLWDEOH 6WDQGDUG

2+6$6

+6* FRQWDLQV JXLGDQFH RQ FRPSOLDQFH ZLWK WKH UHTXLUHPHQWV RI WKH0DQDJHPHQW RI +HDOWK 6DIHW\ DW :RUN 5HJXODWLRQV 0+6$:

5HJXODWLRQ±+HDOWK6DIHW\$UUDQJHPHQWVDQGWKHEDVLVRID+HDOWK6DIHW\0DQDJHPHQW6\VWHP+606PRGHO

2+6$6 LVLQFUHDVLQJO\WKHSUHIHUUHG+HDOWK 6DIHW\0DQDJHPHQW6\VWHPPRGHO,IFRUUHFWO\XVHGLQFRQMXQFWLRQZLWKWKHJXLGDQFHGHWDLOHG

ZLWKLQ +6* FRPSOLDQFH WR WKH UHTXLUHPHQWV RI 5HJXODWLRQ RI0+6$:LVDFKLHYHG

• WKHVWUXFWXUHRI2+6$6VWDQGDUGHQDEOHVRWKHUPRUHFRPPRQO\XVHGVWDQGDUGVVXFKDV%6(1,624XDOLW\0DQDJHPHQW%6

(1 ,62 (QYLURQPHQWDO0DQDJHPHQW WR EH HDVLO\ WUDQVSRVHG

LQWRDVLQJXODU,QWHJUDWHG0DQDJHPHQW6\VWHP,06FRYHULQJDOOWKUHHLQWHUQDOFRPSDQ\GLVFLSOLQHV

• WKH 8. $FFUHGLWDWLRQ 6RFLHW\ FXUUHQWO\ OLVW RQO\ ERGLHV FDSDEOH RIFHUWLI\LQJ WR 2+6$6 2WKHU ERGLHVPD\ RIIHU DXGLWLQJ WR WKH

VWDQGDUGEXWFDQQRWRIIHUFHUWLILFDWLRQ




5LVN$VVHVVPHQW

5LVNDVVHVVPHQWLVDNH\DFWLYLW\LQWKHPDQDJHPHQWRIKHDOWKDQGVDIHW\

7KHPDLQKHDOWKDQGVDIHW\OHJLVODWLYHUHTXLUHPHQWIRUULVNDVVHVVPHQWLVGHWDLOHG XQGHU WKH0DQDJHPHQWRI+HDOWK6DIHW\ DW:RUN 5HJXODWLRQV

,W VKRXOG EH QRWHG WKDW RWKHU OHJLVODWLRQ VXFK DV &RQILQHG 6SDFHV5HJXODWLRQV&RQWURORI6XEVWDQFHV+D]DUGRXVWR+HDOWK5HJXODWLRQVDVDPHQGHG0DQXDO+DQGOLQJ5HJXODWLRQVDVDPHQGHG

HWFDOOUHTXLUHDQDVVHVVPHQWRIULVNWREHXQGHUWDNHQ

9DULRXVWHFKQLTXHVDUHDYDLODEOHDQGVRPHDUHPRUHVXLWHGWKDQRWKHUVWRGLIIHUHQWSKDVHVRIWKHGHVLJQPDQXIDFWXUHFRQVWUXFWLRQFRPPLVVLRQLQJRSHUDWLRQPDLQWHQDQFHDQGGHFRPPLVVLRQLQJDFWLYLWLHV

$QRUJDQLVDWLRQ¶VKHDOWKDQGVDIHW\PDQDJHPHQWV\VWHPVKRXOGGHILQHWKHULVNDVVHVVPHQWWHFKQLTXHVWREHXVHGDWHDFKRIWKHSURMHFWGLVFLSOLQHVWREHXQGHUWDNHQ7KLVVKRXOGDOVR LQFOXGHWKHOHYHORI FRPSHWHQFHUHTXLUHGIURPWKRVHFDUU\LQJRXWWKHULVNDVVHVVPHQWV

5LVN DVVHVVPHQWV VKRXOG DGGUHVV DOO KHDOWK VDIHW\ DQG HQYLURQPHQWDOULVNVGXULQJ DOO SKDVHV RI WKH OLIHF\FOHRI D SURMHFW LQFOXGLQJWKRVH WRPHPEHUVRIWKHSXEOLFDVZHOODVDOOSHUVRQQHOZRUNLQJRQVLWH

7KHILQGLQJVRIDULVNDVVHVVPHQWVKRXOGEHLQWKHIRUPRIFRQWUROVWREHDSSOLHGWRWKHZRUNSODFHWRUHGXFHH[SRVXUHWRWKHLGHQWLILHGULVNV%RWKWKH LGHQWLILHG ULVNV DQG WKH FRQWURO PHDVXUHV VHOHFWHG WR SUHYHQW WKHUHDOLVDWLRQ RIWKRVHULVNVVKRXOGEHFRPPXQLFDWHGWRWKRVHFDUU\LQJRXWWKHZRUNSULRUWRZRUNFRPPHQFLQJ5HFRUGVRIDOOLQIRUPDWLRQLQVWUXFWLRQ

DQGWUDLQLQJDUHUHTXLUHGWREHUHWDLQHGDVHYLGHQFHWKH\ZHUHSURYLGHG

,QLWLDOJXLGDQFHRQULVNDVVHVVPHQWFDQEHIRXQGLQWKH+6(¶VSXEOLFDWLRQ

,1'*µ6WHSVWR5LVN$VVHVVPHQW¶




0DQDJHPHQWRI&KDQJH

$OO WHPSRUDU\ DQG SHUPDQHQW FKDQJHV WR RUJDQLVDWLRQ SHUVRQQHO

V\VWHPV SURFHGXUHV HTXLSPHQW SURGXFWV PDWHULDOV RU VXEVWDQFHVVKRXOGEHHYDOXDWHGDQGPDQDJHGWRHQVXUHWKDWKHDOWKVDIHW\DQG

HQYLURQPHQWDOULVNVDULVLQJIURPWKHVHFKDQJHVUHPDLQDWDQDFFHSWDEOHOHYHO

7KH0DQDJHPHQWRI&KDQJHSURFHVVVKRXOGFRQVLGHU

• ULVNDVVHVVPHQW• WKH UHYLVLRQ RI H[LVWLQJ GRFXPHQWDWLRQ RU WKH LVVXLQJ RI D PHWKRG

VWDWHPHQWRUZRUNLQVWUXFWLRQ• WKHLQWURGXFWLRQRIDUHDOLVWLFWLPHVFDOHWRLPSOHPHQWFRQWUROPHDVXUHV

DQGDQ\FKDQJH

• WKH LGHQWLILFDWLRQ RI WKH FRQWURO PHDVXUHV ZKLFK DUH WR EH

LPSOHPHQWHG

$Q\ UHYLVLRQV WR H[LVWLQJ GRFXPHQWDWLRQ RU WKH LVVXLQJ RI QHZ

GRFXPHQWDWLRQ PXVW EH DXWKRULVHG E\ WKH UHVSRQVLEOH SHUVRQV3HUVRQQHO DVVLJQHG WR WKH WDVN RU SURFHGXUH VKDOO EH LQYROYHG LQ WKLV

SURFHVVVRWKH\KDYHDIXOOXQGHUVWDQGLQJRIDQ\SURSRVHGFKDQJHV

:KHUH PDMRU FKDQJHV DUH SODQQHG LW LV LPSRUWDQW WKDW WKHLU SRWHQWLDO

LPSDFWRQWKHKHDOWKDQGVDIHW\RIWKHSURMHFWLVSURSHUO\DVVHVVHGVRWKDW

KD]DUGVRU ULVNV DVVRFLDWHGZLWK WKHFKDQJHDUH LGHQWLILHGDQGPDQDJHG7KH&'0UHJXODWLRQVUHTXLUHDOOSDUWLHVWRFRRSHUDWHDQGFRRUGLQDWHWKHLU

DFWLYLWLHVDQG WKLV UHTXLUHV FOHDUFKDQQHOV RIFRPPXQLFDWLRQWREHVHWXS

DQGPDLQWDLQHG$PDQDJHPHQWRIFKDQJHSURFHGXUHVKRXOGEHHVWDEOLVKHG

DWWKHVWDUWRIDSURMHFWWRHQVXUHFKDQJHVDUHPDQDJHGDQGLPSOHPHQWHGHIIHFWLYHO\




/HJLVODWLRQDQG6WDQGDUGV

5HOHYDQW+HDOWKDQG6DIHW\/HJLVODWLRQ

7KHOHJLVODWLRQZKLFKLVOLNHO\WREHPRVWUHOHYDQWWRGLIIHUHQWSKDVHVRID0DULQH5HQHZDEOHV 3URMHFW LV OLVWHG LQ WKH WDEOHEHORZ7KH &RQVWUXFWLRQ'HVLJQ 0DQDJHPHQW 5HJXODWLRQV &'0 5HJXODWLRQV VXSSRUWHGE\ WKH+HDOWK6DIHW\DW:RUN $FWDQG0DQDJHPHQWRI +HDOWK6DIHW\DW:RUN5HJXODWLRQV LVWKHPDLQSLHFHRI KHDOWKDQGVDIHW\PDQDJHPHQW OHJLVODWLRQZKLFK LVUHTXLUHG WREH XVHGZKHQSUHSDULQJ IRUDQG FDUU\LQJ RXW FRQVWUXFWLRQ DFWLYLWLHV LQFOXGLQJ WKH SODQQLQJ GHVLJQLQVWDOODWLRQFRPPLVVLRQLQJPDLQWHQDQFHDQGGHFRPPLVVLRQLQJRID0DULQH5HQHZDEOHV3URMHFW

7KHWDEOHLVLQWHQGHGWRSURYLGHDJXLGHWRHDFKRIWKHSURMHFWSKDVHVRID0DULQH 5HQHZDEOHV 3URMHFW OLIHF\FOH GHVFULEHG LQ6HFWLRQV WR LQWRZKLFK HDFK DFW RU UHJXODWLRQ PD\ DSSO\ ,W LV QRW H[KDXVWLYH DQG WKHLQGLFDWLRQRIDSSOLFDELOLW\VKRXOGQRWEHWDNHQDVDOHJDOLQWHUSUHWDWLRQ

,W LV UHFRJQLVHG WKDW WKH XQLTXH QDWXUH RI HDFK W\SH RIPDULQH HQHUJ\GHYLFHPD\UDLVHTXHVWLRQVRIDSSOLFDELOLW\RIWKHLGHQWLILHGOHJLVODWLRQ,QWKHLQWHUHVWVRISHUVRQDOVDIHW\DQGLQWKHDEVHQFHRIVSHFLILFGLUHFWLRQLWLV UHFRPPHQGHG WKDW WKLV OHJLVODWLRQ EH DGRSWHG DQG DSSOLHG ZKHUHYHUSUDFWLFDEOH

,W LV DOVR UHFRJQLVHG WKDW VRPH DVSHFWV RI 0DULQH 2SHUDWLRQV PD\ IDOOXQGHUWKH0HUFKDQW6KLSSLQJ5HJXODWLRQVDQG MXULVGLFWLRQRIWKH0DULWLPHDQG &RDVWJXDUG $JHQF\ 0&$ $GGLWLRQDO JXLGDQFH KDV EHHQ SURYLGHGZLWKLQWKH0DULQH/HJLVODWLRQVHFWLRQEHORZ

8QGHUQRUPDOFRQGLWLRQVWKH0DVWHURIWKHYHVVHOZRXOGEHUHVSRQVLEOHIRULPSOHPHQWLQJWKHUHTXLUHPHQWVRIWKH8.0DULQHOHJLVODWLRQDQGUHSRUWLQJWR WKH 0&$ DQG WKH 3ULQFLSOH &RQWUDFWRU ZLOO LPSOHPHQW 8. +HDOWK DQG6DIHW\/HJLVODWLRQIRUWKHFRQVWUXFWLRQDFWLYLWLHVUHSRUWLQJWRWKH+6(

7KH0&$ZLOO EH WKH OHDG DXWKRULW\ IRU LQVSHFWLRQ RI DQG 0$,% IRU WKHLQYHVWLJDWLRQRIDFFLGHQWVWRRURQDQ\YHVVHOZKLFKLVXVHGLQQDYLJDWLRQ0&$¶V LQWHUHVW LV LQ WKH VHDZRUWKLQHVVRI WKH YHVVHO DQG WKH VDIHW\ DQGFRPSHWHQFH RI WKH FUHZ 7KH +6( ZLOO EH WKH OHDG DXWKRULW\ IRUHQIRUFHPHQW DQG LQYHVWLJDWLRQ RI RFFXSDWLRQDO DFFLGHQWV LQFOXGLQJDFFLGHQWV WRZRUNHUVRQ WKH YHVVHO UHVXOWLQJ IURP ODQG EDVHG ZRUNV RUXQGHUWDNLQJVLQFOXGLQJHJGRFNZRUNGULOOLQJLQWRWKHVHDEHGDQGUHODWHGDFWLYLWLHV

:KHUH LPPHGLDWH DFWLRQ LV UHTXLUHG +6( RU 0&$ VXUYH\RUV ZLOO EHH[SHFWHGWRWDNHLWDQGQRWLI\HDFKRWKHU¶VRUJDQLVDWLRQVDFFRUGLQJO\

7KH OHJLVODWLRQ LV VHW RXW PRUH IXOO\ LQ $SSHQGL[ ZKLFK LQFOXGHV DV\QRSVLV RIHDFK LWHP0RUH UHFHQW 8.KHDOWK DQG VDIHW\ OHJLVODWLRQ KDV

EHHQGUDIWHGWRHQDFW(XURSHDQ'LUHFWLYHVDQGWKXVWKHJHQHUDOSURYLVLRQV

VKRXOG SURYH IDPLOLDU WR VXLWDEO\ FRPSHWHQW SHUVRQV IURP RWKHU (8

FRXQWULHV




0DULQH/HJLVODWLRQ

2YHU WKH \HDUV YDULRXV LQWHUQDWLRQDO FRQYHQWLRQV KDYH EHHQ UDWLILHG WRFRYHUKHDOWKDQGVDIHW\RIPHUFKDQWVKLSSLQJDQGWKHXVHDQGRSHUDWLRQRIYHVVHOV 8QGHU WKH 0HUFKDQW 6KLSSLQJ $FW WKH 8. *RYHUQPHQW KDV

DGRSWHG WKH LQWHUQDWLRQDO FRQYHQWLRQ RUGHUV DQG LPSOHPHQWHG LWVUHTXLUHPHQWVLQWR8./DZXVXDOO\XQGHU³0HUFKDQW6KLSSLQJ5HJXODWLRQV´7KH0&$DUHUHVSRQVLEOHIRUPRQLWRULQJWKHLPSOHPHQWDWLRQRI8.0DULQHOHJLVODWLRQ7KH VSHFLDOLVW W\SH QDWXUH DQG DYDLODELOLW\ RI DSSURSULDWH FRQVWUXFWLRQYHVVHOV PDQ\ RI ZKLFK DUH FRQWUDFWHG IURP QRQ8. FRXQWULHV PDNH LWGLIILFXOWWRHQVXUHYHVVHOFRPSOLDQFHZLWK8.0DULQHOHJLVODWLRQ7KHVHQRQ8.YHVVHOVVKDOOKRZHYHUFRPSO\ZLWKWKHLURZQFRXQWU\¶VLQWHUSUHWDWLRQRIWKHLQWHUQDWLRQDOFRQYHQWLRQVIRUVKLSSLQJ

6HFWLRQ1DPHRI/HJLVODWLRQ

+HDOWK6DIHW\DW:RUNHWF$FW ¥ ¥ ¥ ¥

0DQDJHPHQWRI+HDOWK6DIHW\DW:RUN5HJV ¥ ¥ ¥ ¥7KH&RQVWUXFWLRQ'HVLJQ0DQDJHPHQW5HJV ¥ ¥ ¥ ¥0HUFKDQW6KLSSLQJDQG)LVKLQJ9HVVHOV+HDOWK6DIHW\DW:RUN5HJV ¥ ¥0HUFKDQW 6KLSSLQJ &RGH RI 6DIH :RUNLQJ 3UDFWLFHV IRU 0HUFKDQW 6HDPHQ5HJXODWLRQV

¥ ¥ ¥

7KH:RUNSODFH+HDOWK6DIHW\:HOIDUH5HJV ¥ ¥ ¥ ¥7KH'RFNV5HJXODWLRQV ¥ ¥7KH5HJXODWRU\5HIRUP)LUH6DIHW\2UGHU ¥ ¥ ¥ ¥)LUH6FRWODQG$FW ¥ ¥ ¥ ¥)LUH6DIHW\6FRWODQG5HJXODWLRQV ¥ ¥ ¥ ¥7KH+HDOWK6DIHW\&RQVXOWDWLRQZLWK(PSOR\HHV5HJXODWLRQV ¥ ¥ ¥ ¥7KH6DIHW\5HSUHVHQWDWLYHVDQG6DIHW\&RPPLWWHH5HJXODWLRQV ¥ ¥ ¥ ¥7KH'LYLQJ5HJXODWLRQV ¥ ¥3URYLVLRQDQG8VHRI:RUN(TXLSPHQW5HJXODWLRQV ¥ ¥ ¥ ¥7KH6XSSO\RI0DFKLQHU\6DIHW\5HJXODWLRQVDVDPG ¥ ¥ ¥ ¥/LIWLQJ2SHUDWLRQVDQG/LIWLQJ(TXLSPHQW5HJXODWLRQV ¥ ¥ ¥ ¥3UHVVXUH(TXLSPHQW5HJXODWLRQV3UHVVXUH(TXLSPHQW'LUHFWLYH ¥ ¥ ¥ ¥3UHVVXUH6\VWHP6DIHW\5HJXODWLRQV ¥ ¥ ¥ ¥(OHFWULFLW\DW:RUN5HJXODWLRQV ¥ ¥ ¥ ¥7KH(OHFWULFLW\6DIHW\4XDOLW\DQG&RQWLQXLW\5HJXODWLRQV ¥ ¥ ¥ ¥7KH(OHFWURPDJQHWLF&RPSDWLELOLW\5HJXODWLRQV ¥ ¥ ¥ ¥:RUNLQJDW+HLJKW5HJV ¥ ¥ ¥&RQILQHG6SDFHV5HJXODWLRQV ¥ ¥ ¥7KH&RQWURORI9LEUDWLRQDW:RUN5HJXODWLRQV ¥ ¥ ¥ ¥1RLVHDW:RUN5HJXODWLRQV ¥ ¥ ¥ ¥&RQWURORI6XEVWDQFHV+D]DUGRXVWR+HDOWKDVDPG ¥ ¥ ¥ ¥'DQJHURXV6XEVWDQFHVDQG([SORVLYH$WPRVSKHUHV5HJXODWLRQV ¥ ¥ ¥ ¥7KH &DUULDJH RI 'DQJHURXV 6XEVWDQFHV 8VH RI 7UDQVSRUWDEOH 3UHVVXUH ¥ ¥ ¥+HDOWK6DIHW\'LVSOD\6FUHHQ(TXLSPHQW5HJXODWLRQVDVDPG ¥ ¥ ¥ ¥0DQXDO+DQGOLQJ5HJXODWLRQVDVDPG ¥ ¥ ¥ ¥3HUVRQQHO3URWHFWLYH(TXLSPHQW5HJXODWLRQVDVDPG ¥ ¥ ¥ ¥

7KH&RQVWUXFWLRQ+HDG3URWHFWLRQ5HJXODWLRQV ¥ ¥ ¥ ¥7KH+HDOWK6DIHW\6DIHW\6LJQVDQG6LJQDOV5HJXODWLRQV ¥ ¥ ¥ ¥7KH+HDOWK6DIHW\)LUVW$LG5HJXODWLRQV ¥ ¥ ¥ ¥7KH5HSRUWLQJRI,QMXULHV'LVHDVHVDQG'DQJHURXV2FFXUUHQFHV5HJXODWLRQV ¥ ¥ ¥ ¥+HDOWK6DIHW\0LVFHOODQHRXV$PHQGPHQWV5HJXODWLRQV ¥ ¥ ¥ ¥7KH&RDVW3URWHFWLRQ$FWDVDPHQGHGE\WKH0HUFKDQW6KLSSLQJ$FW ¥ ¥ ¥ ¥7KH)DFWRULHV$FW ¥ ¥ ¥ ¥2IILFHV6KRSVDQG5DLOZD\3UHPLVHV$FW ¥ ¥ ¥ ¥




8QGHUWKH&RQVWUXFWLRQ'HVLJQ0DQDJHPHQW5HJXODWLRQVFOLHQWVDQG SULQFLSDO FRQWUDFWRUV KDYH VSHFLILF UHVSRQVLELOLW\ IRU HQVXULQJ WKH

FRPSHWHQFHRIFRQWUDFWRUVZKRWKH\PD\HQJDJHWRFDUU\RXWZRUNRQ

WKHLUVLWH

7KHUHIRUHDOORUJDQLVDWLRQVFRQVWUXFWLQJ0DULQH5HQHZDEOHV3URMHFWVZLWKLQWKHMXULVGLFWLRQRIWKH8.VKRXOGHQVXUHDOOYHVVHOVFRQWUDFWHGFRPSO\ZLWK

DV D PLQLPXP WKH LQWHUQDWLRQDO FRQYHQWLRQV GHWDLOHG EHORZ DV

DSSURSULDWHWRWKHVSHFLILFYHVVHOVDQGWKHLULQWHQGHGWDVNV

62/$6±6DIHW\RI/LIHDW6HD,QWHUQDWLRQDO&RQYHQWLRQIRUWKH6DIHW\RI/LIHDW6HD62/$6

67&: ,QWHUQDWLRQDO&RQYHQWLRQ RQ6WDQGDUGVRI7UDLQLQJ &HUWLILFDWLRQ

DQG:DWFKNHHSLQJIRU6HDIDUHUV

&2/5(* &RQYHQWLRQ RQ WKH ,QWHUQDWLRQDO 5HJXODWLRQV IRU 3UHYHQWLQJ&ROOLVLRQVDW6HD

0$532/7KHFXUUHQW&RQYHQWLRQ LVD FRPELQDWLRQRI &RQYHQWLRQWKH3URWRFRODQGWKHYDULRXVDQQH[HVHQDFWHGWRGDWH ,WHQWHUHG

LQWR IRUFH RQ 2FWREHU $V DW 'HFHPEHU FRXQWULHV

UHSUHVHQWLQJ RI WKH ZRUOGV VKLSSLQJ WRQQDJH DUH SDUWLHV WR WKH&RQYHQWLRQ

0DULQH*XLGDQFH1RWH 2IIVKRUH 5HQHZDEOH (QHUJ\ ,QVWDOODWLRQV25(,V *XLGDQFH RQ8.1DYLJDWLRQDO 3UDFWLFH 6DIHW\ DQG(PHUJHQF\

5HVSRQVH,VVXHV

5HOHYDQW6WDQGDUGVDQG*XLGHOLQHV:LWK WKH PDULQH UHQHZDEOHV LQGXVWU\ VWLOO DW DQ HDUO\ VWDJH RI

GHYHORSPHQW UHOHYDQW VWDQGDUGVDUH FXUUHQWO\EHLQJDGRSWHG IURP RWKHU

WHFKQRORJLHV 7KHUH DUH D QXPEHU RI ,QGXVWU\ VSHFLILF VWDQGDUGV DQGJXLGHOLQHV FXUUHQWO\ EHLQJ GUDIWHG ZKLFK ZLOO EH SXEOLVKHG GXULQJ

7KHVHDUH

• WDQNWHVWLQJRI:DYH(QHUJ\&RQYHUVLRQ6\VWHPV

• WDQNWHVWLQJRI7LGDO(QHUJ\&RQYHUVLRQ6\VWHPV

• JXLGHOLQHVIRU0DULQH(QHUJ\&HUWLILFDWLRQ6FKHPHV

• DVVHVVPHQWRI3HUIRUPDQFHRI7LGDO(QHUJ\&RQYHUVLRQ6\VWHPV

• DVVHVVPHQWRI3HUIRUPDQFHRI:DYH(QHUJ\&RQYHUVLRQ6\VWHPV

•

DVVHVVPHQWRI7LGDO(QHUJ\5HVRXUFH• DVVHVVPHQWRI:DYH(QHUJ\UHVRXUFH• JXLGHOLQHV IRU0DQXIDFWXULQJ$VVHPEO\DQG7HVWLQJRI0DULQH(QHUJ\

&RQYHUVLRQ6\VWHPV

• JXLGHOLQHVIRU3URMHFW'HYHORSPHQWLQWKH0DULQH(QHUJ\,QGXVWU\• JXLGHOLQHVIRU*ULG&RQQHFWLRQRI0DULQH(QHUJ\&RQYHUVLRQ6\VWHPV

• JXLGHOLQHVIRU(QYLURQPHQWDO$SSUDLVDOLQWKH0DULQH(QHUJ\,QGXVWU\

• JXLGHOLQHVIRU'HVLJQ%DVLVRI0DULQH(QHUJ\&RQYHUVLRQ6\VWHPV

7KHDERYHJXLGHOLQHVDUHEHLQJSURGXFHGE\WKH(XURSHDQ0DULQH(QHUJ\

&HQWUHIXQGHGE\WKH6FRWWLVKDQGWKH8.*RYHUQPHQWV




2WKHUXVHIXOUHIHUHQFHVLQFOXGH

0DQDJHPHQWV6\VWHP0RGHOV

•

%6(1,624XDOLW\0DQDJHPHQW6\VWHPV• %6(1,62(QYLURQPHQWDO0DQDJHPHQW6\VWHPV

• %6(1,62+HDOWK6DIHW\0DQDJHPHQW6\VWHPV

• ,62DQG7LFN,7DFFUHGLWDWLRQ,62IRUVRIWZDUHOLIHF\FOH

0DULQH(QHUJ\&RQYHUWHU6SHFLILF

• JXLGHOLQHV IRU WKH XVH RI PHWRFHDQ GDWD WKURXJK WKH OLIHF\FOH RI D

PDULQHUHQHZDEOHGHYHORSPHQW¶&,5,$• (0(& 'UDIW 6WDQGDUG ³3HUIRUPDQFH $VVHVVPHQW IRU :DYH (QHUJ\

&RQYHUVLRQ6\VWHPVLQ2SHQ6HD7HVW)DFLOLWLHV´• '19 *XLGHOLQHV RQ GHVLJQ DQG RSHUDWLRQ RI ZDYH HQHUJ\

FRQYHUWHUV $ JXLGH WR DVVHVVPHQW DQG DSSOLFDWLRQ RI HQJLQHHULQJVWDQGDUGVDQGUHFRPPHQGHGSUDFWLFHVIRUZDYHFRQYHUVLRQGHYLFHV

•

'19266 &HUWLILFDWLRQ RI WLGDO DQG ZDYH HQHUJ\FRQYHUWHUVLQSUHSDUDWLRQ

'HVLJQ

• '1953&6KHOO%XFNOLQJ

• '1953&)DWLJXH'HVLJQRI2IIVKRUH6WHHO6WUXFWXUHV

• '195XOHVIRU3ODQQLQJDQG([HFXWLRQRI0DULQH2SHUDWLRQV

• '1926$6DIHW\3ULQFLSOHVDQG$UUDQJHPHQW

• '1926& 'HVLJQ RI 2IIVKRUH 6WHHO 6WUXFWXUHV *HQHUDO /5)'

PHWKRG• '1926&6WDELOLW\DQG:DWHUWLJKW,QWHJULW\

• '1926(3RVLWLRQ0RRULQJ

• '1926'0DULQHDQG0DFKLQHU\6\VWHPVDQG(TXLSPHQW

• 3('3UHVVXUH(TXLSPHQW'LUHFWLYH(&

• ,(( 5HFRPPHQGDWLRQV IRU WKH (OHFWULFDO DQG (OHFWURQLF(TXLSPHQWRI0RELOHDQG)L[HGRIIVKRUHLQVWDOODWLRQ

• ,(&6DIHW\RIPDFKLQHU\±(OHFWULFDOHTXLSPHQWRIPDFKLQHV±

3DUW*HQHUDOUHTXLUHPHQWV

• %6,((:LULQJ5HJXODWLRQVWK(GLWLRQ

• %6SURFHVVFRQWUROLQVWDOODWLRQDQGSUDFWLFH

• %6SURJUDPPDEOHHOHFWURQLFV\VWHPVLQVDIHW\UHODWHGIXQFWLRQV

• ,(&3/&SURJUDPPLQJVWDQGDUG

• '1926',QVWUXPHQWDWLRQDQG7HOHFRPPXQLFDWLRQ6\VWHPV

'HSOR\PHQW

• '1953+5LVNPDQDJHPHQWLQPDULQHDQGVXEVHDRSHUDWLRQV

• '1926-5XOHVIRUSODQQLQJDQGH[HFXWLRQRIPDULQHRSHUDWLRQV

• +6(2750DULQHULVNDVVHVVPHQW

7KLVLVQRWLQWHQGHGWREHDQH[KDXVWLYHOLVWDQGWKHGHYHORSHUZLOOQHHGWR

UHVHDUFK WKH JXLGHOLQHV DQG VWDQGDUGV PRVW DSSURSULDWH WR WKHLUWHFKQRORJ\




7KH &RQVWUXFWLRQ 'HVLJQ DQG 0DQDJHPHQW 5HJXODWLRQV &'0UHJXODWLRQV

,QWURGXFWLRQWR&'0

7KH&RQVWUXFWLRQ'HVLJQDQG0DQDJHPHQW5HJXODWLRQVSODFHGXWLHV RQ WKH FOLHQW GHVLJQHU DQGRU RWKHUV LQ UHODWLRQ WRFRQVWUXFWLRQ SURMHFWV LQ WKH 8. LWV WHUULWRULDO ZDWHUV DQG RUH[WHQVLRQV RXWVLGH RI WKH 8. DV GHILQHG ZLWKLQ WKH $SSOLFDWLRQ2XWVLGH RI *UHDW %ULWDLQ 2UGHU DQG LQFOXGHV FRQVWUXFWLRQZLWKLQD0DULQHHQYLURQPHQW

7KH&'0UHJXODWLRQVDUHVHWRXWLQWKHIROORZLQJSDUWV

3DUW±,QWURGXFWLRQ

'HVFULEHVLQWHUSUHWDWLRQDQGDSSOLFDWLRQRIWKHUHJXODWLRQV

3DUW ± *HQHUDO PDQDJHPHQW GXWLHV DSSO\LQJ WR FRQVWUXFWLRQ

SURMHFWV'HWDLOVDOOGXWLHVWREHDSSOLHGWRDOOFRQVWUXFWLRQSURMHFWVLQFOXGLQJ

QRQQRWLILDEOH

3DUW±$GGLWLRQDOGXWLHVZKHUHSURMHFWVLVQRWLILDEOH

'HWDLOVVSHFLILFGXWLHVWREHDSSOLHGWRSURMHFWVZKLFKDUHQRWLILDEOH

3DUW±'XWLHVUHODWLQJWRKHDWKVDIHW\RQFRQVWUXFWLRQVLWHV

3URYLGHVGHWDLORIVSHFLILFSUHFDXWLRQVWREHDGRSWHGDQGXVHGRQDOOFRQVWUXFWLRQVLWHV

3DUW±*HQHUDO±'HVFULEHVFLYLOOLDELOLW\HQIRUFHPHQWWUDQVLWLRQUHYRFDWLRQVDQGDPHQGPHQWV

$OO UHJXODWLRQV GXW\ KROGHU UHVSRQVLELOLWLHV GXWLHV DQG FRGHV RISUDFWLFH DUH IXOO\ H[SODLQHGZLWKLQ WKH$SSURYHG &RGH RI 3UDFWLFH

$&23 +6& 'RFXPHQW 0DQDJLQJ KHDOWK DQG VDIHW\ LQ

FRQVWUXFWLRQ/±,6%1

1RWLILDEOH3URMHFWV

1RWLILDEOH 3URMHFWV DUH WKRVH ZKLFK UHTXLUH WR EH QRWLILHG WR WKH

+6(7KH&'0UHJXODWLRQVUHTXLUHWKH&'0&RRUGLQDWRUWRHQVXUHQRWLILFDWLRQLVSURYLGHGWRWKH+6(WKURXJKWKH+6()RUP)UHY

RULILQ1RUWKHUQ,UHODQG1,$SURMHFWVKDOOUHTXLUHWREHQRWLILHGWRWKH+6(ZKHQ

• WKH ZRUN LV GHILQHG DV FRQVWUXFWLRQ ZRUN ZLWKLQ WKHPHDQLQJ

GHVFULEHGLQ3DUW±5HJXODWLRQ,QWHUSUHWDWLRQ

• WKH FRQVWUXFWLRQ ZRUN VKDOO WDNH ORQJHU WKDQ GD\V WR

FRPSOHWHRU

• WKHFRQVWUXFWLRQZRUNVKDOOWDNHORQJHUWKDQSHUVRQKRXUVWRFRPSOHWH




,QPRVWFDVHVWKHFRQVWUXFWLRQRID0DULQH5HQHZDEOHV3URMHFWZLOOEHQRWLILDEOH,WVKRXOGEHQRWHGWKDWVRPHPDLQWHQDQFHZRUNVPD\

DOVR EHFRPH QRWLILDEOH DQG LW LV LPSRUWDQW WKDW WKRVH SODQQLQJ

VLJQLILFDQW PDLQWHQDQFH RU XSJUDGHV DUH DZDUH RI WKHLUUHVSRQVLELOLWLHVZLWKUHVSHFWWRWKLVOHJLVODWLRQ

'XW\+ROGHUVXQGHU&'0UHJXODWLRQV

7KH0DLQGXW\KROGHUVXQGHUWKH&'0UHJXODWLRQVDUH

• &OLHQW

• &'0&RRUGLQDWRU1RWLILDEOH3URMHFWRQO\• 'HVLJQHU

• 3ULQFLSDO&RQWUDFWRUV• &RQWUDFWRUV

,QVXPPDU\DQGSXUHO\ IRUJXLGDQFHWKHUHVSRQVLELOLWLHV LPSRVHG

E\WKH UHJXODWLRQVRQWKH'XW\+ROGHUVDUH OLVWHGEHORZ,W LVWKHUHVSRQVLELOLW\ RI WKRVH LQYROYHG ZLWK SURMHFWV WR HQVXUH WKDW WKH\

XQGHUVWDQG IXOO\ WKH GHWDLOHG UHVSRQVLELOLWLHV DQG UHTXLUHPHQWV

ZLWKLQWKH&'0UHJXODWLRQVDQGDFWDFFRUGLQJO\

&OLHQW±2UJDQLVDWLRQIXQGLQJDSURMHFW

• DSSRLQW D FRPSHWHQW DQG DGHTXDWHO\ UHVRXUFHG &'0 &RRUGLQDWRUDWDQHDUO\VWDJHLQSURMHFWGHYHORSPHQW

• HQVXUHWKHFRPSHWHQFHDQGDGHTXDWHUHVRXUFHVRIDQ\GHVLJQHU

RUFRQWUDFWRUZKRPWKHFOLHQWPD\DUUDQJHWRSUHSDUHDGHVLJQRUFDUU\RXWRUPDQDJHFRQVWUXFWLRQZRUN

• DSSRLQWDGHVLJQHUDQGSULQFLSDOFRQWUDFWRUVDWDQHDUO\HQRXJK

VWDJHIRUWKHPWRSODQDQGFRPSOHWHWKHLUZRUN• SURYLGHDOOUHOHYDQWSUHFRQVWUXFWLRQLQIRUPDWLRQWKDWLVOLNHO\WR

EHUHTXLUHGE\RWKHUSDUWLHVLQYROYHGLQWKHSURMHFW

• HQVXUH WKH FRRSHUDWLRQ DQG FRRUGLQDWLRQ RI DOO SDUWLHV

WKURXJKRXWWKHSURMHFW

• HQVXUH WKHUH DUH UHDVRQDEOH PDQDJHPHQW DUUDQJHPHQWV IRU

KHDOWKDQGVDIHW\LQSODFHIRUWKHGXUDWLRQRIWKHSURMHFW

• UHFHLYHDQGUHWDLQWKH+HDOWKDQG6DIHW\)LOHIURPWKH&'0&RRUGLQDWRUDWWKHHQGRIWKHSURMHFWDQGNHHSDYDLODEOHIRUIXWXUH

XVH VXFK DV PDLQWHQDQFH FOHDQLQJ PRGLILFDWLRQV WR RU

GHPROLWLRQ

• ZKHUHDGHVLJQLVSUHSDUHGRUPRGLILHGRXWVLGH*UHDW%ULWDLQIRU

XVHLQFRQVWUXFWLRQZRUNWRZKLFKWKH&'0UHJXODWLRQVDSSO\,IWKHSHUVRQFRPPLVVLRQLQJWKHGHVLJQLVHVWDEOLVKHGZLWKLQ

*UHDW%ULWDLQWKH\VKDOOHQVXUHDOOWKHGXWLHVRIWKH'HVLJQHUKDYHEHHQFRPSOLHGZLWK

,IWKHSHUVRQFRPPLVVLRQLQJWKHGHVLJQLVQRWHVWDEOLVKHGLQ*UHDW%ULWDLQDQ\FOLHQWIRU WKHSURMHFW VKDOOHQVXUHDOOWKHGXWLHVRIWKH'HVLJQHUKDYHEHHQFRPSOLHGZLWK




'HVLJQHUV ± 3HUVRQV RU RUJDQLVDWLRQVPDNLQJGHFLVLRQV RQ WKHIRUPQDWXUHVFRSHDQGWLPLQJRIDQ\VWUXFWXUHLQFOXGLQJSODQWDQG

HTXLSPHQW

• HQVXUHWKH\DUHFRPSHWHQWDQGDGHTXDWHO\UHVRXUFHGWRHQDEOH

WKHPWRFRPSOHWHWKHLUZRUN

• HQVXUHFOLHQWVDUHDZDUHRIWKHLUGXWLHV

• HQVXUHWKHLUGHVLJQVDYRLG IRUHVHHDEOHKHDOWKDQG VDIHW\ULVNV

ZKHUHYHUSRVVLEOHHOLPLQDWHKD]DUGVDQGUHGXFHULVNVWRWKRVHLQYROYHGLQWKHFRQVWUXFWLRQDQGIXWXUHXVHRIWKHVWUXFWXUH

• HQVXUH DGHTXDWH LQIRUPDWLRQ DERXW DQ\ VLJQLILFDQW ULVNVDVVRFLDWHGZLWKWKHGHVLJQLVSDVVHGRQWRWKRVHZKRVKDOOFDUU\RXWWKHFRQVWUXFWLRQ

• FRRSHUDWHDQGFRRUGLQDWHZLWKDOORWKHUSDUWLHVLQYROYHGZLWKLQ

WKHSURMHFW

• SURYLGH WKH&'0&RRUGLQDWRUDOO UHOHYDQW LQIRUPDWLRQUHTXLUHG

IRUWKH+HDOWK6DIHW\)LOH

&'0&RRUGLQDWRU±3HUVRQ 2UJDQLVDWLRQ DSSRLQWHG WRVXSSRUW

DQGDGYLVHFOLHQWLQRUGHUIRUWKHPWRFRPSO\ZLWKWKHLUGXWLHV

• SURYLGH DGYLFH DQG DVVLVWDQFH RQ WKH FRPSHWHQFH RI WKRVH

RWKHUV WR EH DSSRLQWHG ZLWKLQ WKH SURMHFW GHVLJQHUV DQGFRQWUDFWRUV

• SURYLGHDGYLFHDQGDVVLVWDQFHRQDGHTXDWHDUUDQJHPHQWVDUHLQ

SODFHIRUPDQDJLQJWKHSURMHFW• QRWLI\WKH+6(RIWKHSURMHFWWKURXJKIRUP)

• HQVXUHWKHFRRSHUDWLRQDQGFRRUGLQDWLRQRIDOOSDUWLHVWKURXJK

WKHGHVLJQSODQQLQJDQGRWKHUSUHSDUDWLRQZRUN

•

LGHQWLI\DQGFROOHFWWKHSUHFRQVWUXFWLRQLQIRUPDWLRQUHTXLUHG• SURYLGH DOO SDUWLHV ZLWK DOO DSSURSULDWH SUHFRQVWUXFWLRQ

LQIRUPDWLRQWKH\PD\UHTXLUH

• DGYLVH WKH FOLHQW RQ WKH VXLWDELOLW\ DQG DGHTXDF\ RI WKH

&RQVWUXFWLRQ3KDVH3ODQ

• FUHDWHDQGXSGDWHD+HDOWK6DIHW\)LOHVXLWDEOHIRUIXWXUHXVH

DWWKHHQGRIWKHFRQVWUXFWLRQSKDVH

3ULQFLSDO &RQWUDFWRU ± &RPSHWHQW FRQVWUXFWLRQ FRQWUDFWRU

DSSRLQWHGE\WKH&OLHQW

• HQVXUHFOLHQWLVDZDUHRIWKHLUGXWLHV

• HQVXUHDFRRUGLQDWRUKDVEHHQDSSRLQWHG

•

HQVXUH+6(QRWLILHGEHIRUHWKH\VWDUWZRUN• HQVXUH WKH\ DUH FRPSHWHQW WR DGGUHVV WKH KHDOWK DQG VDIHW\

LVVXHV OLNHO\ WR EH LQYROYHG LQ WKH PDQDJHPHQW RI WKHFRQVWUXFWLRQSKDVH

• HQVXUHFRQVWUXFWLRQZRUN LVSODQQHGPDQDJHG DQGPRQLWRUHGHIIHFWLYHO\

• HQVXUH DSSURSULDWH UHVRXUFHV DQG FRPSHWHQW SHUVRQV DUH

DYDLODEOHWKURXJKRXWWKHSURMHFW

• HQVXUHDOO FRQWUDFWRUV DUH QRWLILHG RI WKHPLQLPXPDPRXQW RIWLPHUHTXLUHGWRHQDEOHWKHPWRHIIHFWLYHO\ SODQ DQG FRPSOHWHWKHLUZRUN

• HQVXUHDOOFRQWUDFWRUVDUHSURYLGHGZLWKDOOUHOHYDQWLQIRUPDWLRQ

UHTXLUHGWRFRPSOHWHWKHLUZRUNVDIHO\

•

HQVXUHFRRSHUDWLRQDQG FRRUGLQDWLRQZLWKDOOSDUWLHV LQYROYHGZLWKLQWKHSURMHFW




• HQVXUHD&RQVWUXFWLRQ3KDVH3ODQLVSUHSDUHGDQGLPSOHPHQWHGSULRUWRFRQVWUXFWLRQVWDUWLQJ

• HQVXUH DOO ZHOIDUH IDFLOLWLHV DUH LQ SODFH IURP WKH VWDUW RI WKH

FRQVWUXFWLRQSKDVH• SUHYHQWXQDXWKRULVHGDFFHVVWRVLWH

• SURYLGH WKH &'0 FRRUGLQDWRU DOO LQIRUPDWLRQ UHOHYDQW WR WKH+HDOWKDQG6DIHW\)LOH

• HQVXUHWKDW DOO WKH VLWH SHUVRQQHO LQYROYHG LQ WKH FRQVWUXFWLRQ

ZRUN ZRUNHUV DUH SURYLGHG ZLWK DQG DSSURSULDWH KHDOWK DQGVDIHW\LQGXFWLRQLQIRUPDWLRQDQGWUDLQLQJ

• HQVXUH WKH ZRUNIRUFH LV FRQVXOWHG RQ DOO KHDOWK DQG VDIHW\PDWWHUV

• GLVSOD\WKHSURMHFWQRWLILFDWLRQ

&RQWUDFWRUV±DQ\RUJDQLVDWLRQFDUU\LQJRXWFRQVWUXFWLRQZRUNRQVLWH

• HQVXUHFOLHQWVDUHDZDUHRIWKHLUGXWLHV

• HQVXUH WKH\ DUH DQG DQ\RQH WKH\ HPSOR\ RU HQJDJH DUH

FRPSHWHQWDQGDGHTXDWHO\UHVRXUFHG

• SODQPDQDJHDQGPRQLWRUWKHLURZQZRUN

• SURYLGH ZRUNHUV XQGHU WKHLU FRQWURO ZLWK DSSURSULDWH

LQIRUPDWLRQ LQVWUXFWLRQ DQG WUDLQLQJ UHTXLUHG WRSHUIRUP WKHLUZRUNVDIHO\

• HQVXUHWKH\FRRSHUDWHDQGFRRUGLQDWHZLWKDOOSDUWLHVLQYROYHG

ZLWKWKHSURMHFW

• HQVXUH WKHLU ZRUNHUV DUH FRQVXOWHG RQ DOO KHDOWK DQG VDIHW\

PDWWHUVDQG

'RFXPHQWDU\3URFHVV

7KHPDLQGRFXPHQWDWLRQUHTXLUHPHQWVXQGHUWKH&'0UHJXODWLRQV

DUH

3UH&RQVWUXFWLRQ,QIRUPDWLRQ$SSHQGL[RIWKH$&23±/GHWDLOVSHFLILFUHTXLUHPHQWVIRUWKHSURYLVLRQRISUHFRQVWUXFWLRQ LQIRUPDWLRQ WREH SURYLGHG7KH3UH&RQVWUXFWLRQ,QIRUPDWLRQLVSURYLGHGE\WKH&OLHQWWRGHVLJQHUVDQG

FRQWUDFWRUVGHWDLOLQJSURMHFWVSHFLILFKHDOWK DQGVDIHW\ LQIRUPDWLRQQHHGHGWRLGHQWLI\KD]DUGVDQGULVNLQYROYHGZLWKWKHSURMHFW7KLVLQIRUPDWLRQ LV XVXDOO\ SUHSDUHG DQG LVVXHG ZLWKLQ D 3UH

&RQVWUXFWLRQ3KDVH3ODQ3&33ZKLFKLVXVHGDVDQHIIHFWLYHZD\

RI LVVXLQJ DQG FRQWUROOLQJ WKLV LQIRUPDWLRQ DQG LV ZLGHO\ XVHGWKURXJKRXWWKHFRQVWUXFWLRQLQGXVWU\

&RQVWUXFWLRQ3KDVH3ODQ$SSHQGL[ RI WKH $&23 ± / GHWDLOV VSHFLILF LVVXHV WR EHFRQVLGHUHG ZKHQ IRUPXODWLQJ D &RQVWUXFWLRQ 3KDVH 3ODQ 7KHGRFXPHQW LVGHVLJQHG WR VHW RXW D GHVFULSWLRQRI WKHZRUN WREH

XQGHUWDNHQWKHPDQDJHPHQWDUUDQJHPHQWVIRUWKHSURMHFWDQGWKHDUUDQJHPHQWV IRU FRQWUROOLQJ VLJQLILFDQW ULVNV 7KH FRQWHQWV PD\

YDU\GHSHQGLQJ XSRQ WKH H[WHQW WKH WHFKQLFDO FRPSOH[LW\ RI WKH

SURMHFWDQGOHYHORILQYROYHPHQWIURPRWKHUSDUWLHV




7KH+HDOWK6DIHW\)LOH3DJHRIWKH$&23±/GHWDLOVWKHFRQWHQWVRIWKH+HDOWKDQG

6DIHW\ )LOH 7KH ILOH LV UHTXLUHG WR EH FUHDWHG GXULQJ WKH

FRQVWUXFWLRQSKDVHE\WKH&'0&RRUGLQDWRU2QFHWKHFRQVWUXFWLRQSKDVHLVFRPSOHWHWKHILOHVKRXOGEHKDQGHGRYHUWRWKH&OLHQW7KH

ILOH LWVHOIVKRXOG UHPDLQZLWK WKHRZQHURIWKH VWUXFWXUHXQWLO LWLVHLWKHUGHFRPPLVVLRQHGRUWKHRZQHUVHOOVWKHVWUXFWXUHWRDQRWKHU

ZKHUHWKHILOHZRXOGEHSDVVHGRQ7KHFRQWHQWVRIWKHILOHVKRXOG

RQO\ LQFOXGH LQIRUPDWLRQ UHODWLQJ WR WKH VWUXFWXUH LWV RSHUDWLRQPDLQWHQDQFH DQGGHFRPPLVVLRQLQJ WKHSXUSRVHEHLQJ WR SURYLGH

WKH RZQHU DQG RWKHUV ZKR PD\ EH UHTXLUHG WR ZRUN RQ WKHVWUXFWXUHZLWKDOODSSURSULDWHLQIRUPDWLRQUHJDUGLQJUHVLGXDOULVNVKD]DUGRXVPDWHULDOVHWFLWVVDIHRSHUDWLRQHWFWRHQDEOHWKHPWRLGHQWLI\ DQG LPSOHPHQW DSSURSULDWH VDIHW\ SUHFDXWLRQV SULRU WR

ZRUNLQJRQLW




6HFWLRQV

6HFWLRQV GHVFULEH WKH FXUUHQW EHVW SUDFWLVH IRU +HDOWK DQG 6DIHW\

WKURXJKRXW WKH SURMHFW OLIHF\FOH IURP 6LWH 6HOHFWLRQ WKURXJK WRGHFRPPLVVLRQLQJ:KLOVWDGYLVLQJWKHUHDGHURIWKHLUREOLJDWLRQVXQGHUWKH

DSSOLFDEOH OHJLVODWLRQ WKHGRFXPHQWZLOO JR IXUWKHU LQRIIHULQJ DGHWDLOHG

DQDO\VLVRIKHDOWKDQGVDIHW\FRQVLGHUDWLRQVDQGSUDFWLFDOVWHSVWKDWVKRXOGEHWDNHQWRPLWLJDWHULVNVDWGLIIHUHQWVWDJHVLQWKHSURMHFW

6LWH VHOHFWLRQ LQLWLDO VLWH LQYHVWLJDWLRQ SODQQLQJFRQVLGHUDWLRQV

,QWURGXFWLRQ7KLVVHFWLRQZLOOFRYHUVLWHVHOHFWLRQDQGLQLWLDOVLWHLQYHVWLJDWLRQVIURPWZRDVSHFWV WKHVDIHW\ IDFWRUVDQGUHOHYDQW LPSDFWFDWHJRULHVWKDW VKRXOGEH

FRQVLGHUHGZKHQLGHQWLI\LQJSRVVLEOHVLWHVDQGWKRVHWKDWVKRXOGEHWDNHQLQWR DFFRXQW ZKHQ SODQQLQJ DQG H[HFXWLQJ LQYHVWLJDWLRQ ZRUNV :KHUHDSSOLFDEOH H[LVWLQJ LQGXVWU\ UHJXODWLRQV DQG JXLGHOLQHV ZLOO EH LGHQWLILHG

DQGGUDZQXSRQWRSURYLGHWKHGHYHORSHUZLWKDQDSSURSULDWHDQGUHOHYDQWDSSURDFKWR+HDOWKDQG6DIHW\LQWKHLUVLWHGHYHORSPHQWSURJUDP

7KHUHDUHWZRNH\DUHDVRIFRQVLGHUDWLRQZLWKUHVSHFWWRLQLWLDOVHOHFWLRQRI

SRWHQWLDOVDIHVLWHVIRUPDULQHUHQHZDEOHVLQVWDOODWLRQV

• 7KH VHOHFWLRQ RI D PDULQH UHQHZDEOH VLWH WKDW FRQVWLWXWHV D µVDIH¶

ORFDWLRQZLWKUHJDUGVWRLWVSRVLWLRQZLWKLQLWVVXUURXQGV

• 7KHVDIHW\FRQVLGHUDWLRQVUHTXLUHGZKHQXQGHUWDNLQJVLWHLQYHVWLJDWLRQVWRREWDLQGDWDLQDVVLVWDQFHRIVLWHVHOHFWLRQ

7KH UHDGHU¶V DWWHQWLRQ LV GUDZQ WR +6( UHVHDUFK UHSRUW ± µ5LVNLPSOLFDWLRQV LQVLWH FKDUDFWHULVDWLRQ DQGDQDO\VLV IRU RIIVKRUHHQJLQHHULQJDQGGHVLJQ¶7KLVUHSRUWFRQVLGHUVVLWHFKDUDFWHULVDWLRQLVVXHVJHRWHFKQLFDO

DQDO\VLVDQGGHVLJQDQGULVNPDQDJHPHQW




6LWH6HOHFWLRQ

7KH LGHQWLILFDWLRQ RI VXLWDEOH VLWHV IRU PDULQH UHQHZDEOH JHQHUDWLRQ

LQVWDOODWLRQ ZLOO EH GHSHQGDQW XSRQ D QXPEHU RI LPSDFW FDWHJRULHV DQGWKHLU LQWHUUHODWLRQZLWKLQ WKH SURSRVHG SURMHFW 7KHVHFDWHJRULHV LQFOXGH

WKHIROORZLQJ

• ZDYHWLGDOUHVRXUFH

• ZLQGFRQGLWLRQV

• ZDWHUGHSWK

• GLVWDQFHIURPVKRUH• YLVXDOLPSDFW

• ORFDOSRUWIDFLOLWLHV• WKHVDIHQDYLJDWLRQRIRWKHUPDULQHXVHUV

• ILVKLQJDQGILVKHULHV

• PLOLWDU\H[HUFLVHDUHDV

•

RWKHUVHDXVHUVo PDULQHDUFKDHRORJ\

o VXEVHDFDEOHVDQGSLSHOLQHV

o PDULQHDJJUHJDWHH[WUDFWLRQ

o PDULQHZDVWHGLVSRVDO

o RIIVKRUHRLODQGJDV

o PDULQHUHFUHDWLRQ

• UDGDUDQGFRPPXQLFDWLRQLQWHUIHUHQFH

• VHDEHGEDWK\PHWU\VRLOPDWHULDOV

• VHGLPHQWDWLRQVLOWLQJ• PDULQHJURZWK

• REVWDFOHVRQWKHVHDEHG

• QDWXUHFRQVHUYDWLRQDUHDV

•

JULGFRQQHFWLRQ• ORFDO05&&FRDVWJXDUG

(DFKRIWKHVHIDFWRUVFRXOGLQIOXHQFHWKHDELOLW\WRVDIHO\FRQVWUXFWRSHUDWH

DQG PDLQWDLQ WKH VLWH DQG VKRXOG WKHUHIRUH EH FRQVLGHUHG DW WKLV HDUO\VWDJH

0HWRFHDQIDFWRUV

7KH PRVW DFFXUDWH GHVLJQ SDUDPHWHUV IRU PHWRFHDQ GDWD DUHGHULYHGIURPORQJGDWDVHWVJDWKHUHGDWWKHLQWHQGHGORFDWLRQRIDQLQVWDOODWLRQLH VLWHVSHFLILFGDWD+RZHYHUGDWDVHWVRIVXIILFLHQW

OHQJWKDFFXUDF\DQGFRPSOHWHQHVVDUHUDUHO\DYDLODEOHDWWKLVVWDJH

LQDSURMHFWDQGSUHOLPLQDU\GHVLJQVKRXOGWKHQEHEDVHGRQPRUHJHQHUDORULQGLFDWLYHYDOXHV

6LWHVHOHFWLRQVKRXOGWDNH LQWRDFFRXQWWKHDELOLW\RIWKHGHVLJQWR

VDIHO\ ZLWKVWDQG WKH IXOO UDQJH RI FRQGLWLRQV WKDW PLJKW EHDQWLFLSDWHG GXULQJ WKH SURMHFW OLIHWLPH ,W LVYLWDO WKDW DWWHQWLRQ LVDOVR SDLG WR WKH FRQGLWLRQV OLNHO\ WR EH HQFRXQWHUHG GXULQJFRQVWUXFWLRQRSHUDWLRQVDQGPDLQWHQDQFHRIWKHLQVWDOODWLRQ




0HWRFHDQ IDFWRUV WKDW DUH UHFRPPHQGHG IRU FRQVLGHUDWLRQ ZLWKUHVSHFWWRWKHVDIHGHYHORSPHQWRIWKHVLWHLQFOXGLQJ

•

DQG \HDU UHWXUQ SHULRG YDOXHV IRU ZLQGVSHHG DQGVLJQLILFDQWZDYHKHLJKW

• ZDYHKHLJKWFXUUHQWDQGWLGHV

• GLUHFWLRQDOGDWDIRUH[WUHPHYDOXHVRIZLQGZDYHVDQGFXUUHQW

• ZDYH KHLJKWSHULRG MRLQW IUHTXHQF\ GLVWULEXWLRQ ZDYH VFDWWHU

GLDJUDP

• ZDYHVSHFWUDOSDUDPHWHUV

• ZLQGZDYHFXUUHQWDQJXODUVHSDUDWLRQGDWD• FXUUHQWVSHHGDQGRUGLUHFWLRQDOYDULDWLRQRYHUWKHZDWHUGHSWK

• ORQJWHUPZDYHVWDWLVWLFVE\GLUHFWLRQ• IUHTXHQF\ RI ZHDWKHU HYHQWV VXFK DV IRJ LFH DQG HOHFWULFDO

DFWLYLW\

3RUWIDFLOLWLHV3RUWIDFLOLWLHVDQGDVVRFLDWHGLQIUDVWUXFWXUHFDQEHDNH\PRWLYDWLRQ

LQORFDWLQJDPDULQHUHQHZDEOHSURMHFW(IILFLHQWFRQVWUXFWLRQZRUNVDQGHDVHRIRSHUDWLRQVDQGPDLQWHQDQFHPD\EHKHDYLO\GHSHQGDQW

XSRQQHDUE\SRUWIDFLOLWLHVDYDLODEOHWRWKHSURMHFWRZQHURSHUDWRU

7KH VXLWDELOLW\ RI WKH SRUW IDFLOLWLHV VKRXOG EH FRQVLGHUHG ZLWKUHJDUGVWRIDFWRUVVXFKDV

• DSSURSULDWHDQGVDIHODQGDFFHVV• ZDWHUGHSWKDFURVVWKHSRUWDQGTXD\V

• WLGDOUDQJH

• GUDXJKW RI DSSURDFK FKDQQHO DQG DQ\ RWKHU QDYLJDWLRQDO

FRQVWUDLQWV• TXD\VSDFH

• OLIWLQJDQGWUDQVSRUWDWLRQ

• XQGHUFRYHUZRUNDUHDV

+RZHYHU ZLWK SRUW RSHUDWLRQV FRPHV D JUHDWHU OHYHO RI PDULQH

WUDIILF &DUHIXO FRQVLGHUDWLRQ VKRXOG EH JLYHQ WR WKH EHQHILWV DQG

ULVNVDVVRFLDWHGZLWKLQFUHDVHGFRQJHVWLRQRIQDYLJDWLRQURXWHV

$FFHVVLELOLW\DQGDFFHVVURXWHV7KHVHOHFWLRQRISRVLWLRQLQJRIPDULQHUHQHZDEOHGHYLFHVDVDVLQJOH

RUPXOWLXQLWDUUD\VKRXOGFRQVLGHUWKHRSHUDWLRQVWREHXQGHUWDNHQ

LQWKH OLIH RIWKHGHYLFH DUUD\$ ILHOG OD\RXWGLDJUDPVKRXOGEHSURGXFHGWKDWLQGLFDWHGIRULQIRUPDWLRQSXUSRVHV

• ZDWHUGHSWKV

• WKHORFDWLRQRIVXEVHDHTXLSPHQW

o 0RRULQJV

o $QFKRUV

o 3RZHUFDEOH

• VHDEHGIHDWXUHVRILQWHUHVW




'HWDLOV VKRXOGDOVREHSURYLGHGGHWDLOLQJSHUPLWWHGDQGSURKLELWHGXQGHUZDWHUDFWLYLWLHVHTXLSPHQWZKHUHDULVNWRWKHGHYLFHDQGRU

RSHUDWLQJSHUVRQQHOH[LVWV

&RQVLGHUDWLRQ VKRXOGEH JLYHQ WRWKHXVH RIH[WHUQDOPDUNLQJV WR

LQIRUP SHUVRQQHO DV WR WKH ORFDWLRQV RI VDIH DFFHVV URXWHV DQGKD]DUGRXVUHJLRQVIRUH[DPSOHVXEREVWUXFWLRQV

1DYLJDWLRQDOULVNV

0DULQHSURMHFWV VKRXOG EH ORFDWHG LQDUHDV WKDW GR QRW HQGDQJHUH[LVWLQJ PDULQH XVHUV 7KH H[WHQW RI H[LVWLQJ XVH VKRXOG EHLGHQWLILHGWKURXJKDWUDIILFVXUYH\FRQGXFWHGLQVXSSRUWRIFRQVHQWIRU WKH GHYLFHRUDUUD\ ORFDWLRQ 7KH QDYLJDWLRQDO ULVNVDVVRFLDWHG

ZLWKH[LVWLQJ WUDIILF FDQ WKHQEHDVVHVVHGDQGWKHGHYLFHRUDUUD\ORFDWHGWRPLQLPLVHWKHVH

&RQVHQW FRQGLWLRQV IRU RIIVKRUH ZDYH DQG WLGDO GHYLFHV DV

VWLSXODWHG E\ WKH &URZQ (VWDWH LQFOXGHG WKH UHTXLUHPHQW IRU D

QDYLJDWLRQDOULVN DVVHVVPHQWZLWKLQ WKH'HYHORSHU¶V(QYLURQPHQWDOVWDWHPHQW ,W LV OLNHO\ WKDW VLPLODU UHTXLUHPHQWV ZLOO EHPDGH RI

ZDYH DQG WLGDO GHYHORSPHQW SURSRVDOV DQG FRQVLGHUDWLRQ VKRXOG

WKHUHIRUH EH JLYHQ WR 0DULQH *XLGDQFH 1RWH LVVXHG E\ WKH0DULWLPH &RDVWJXDUG $JHQF\ ZLWK UHJDUGV WR WUDIILF VXUYH\V DQG

WKHH[WHQWWRZKLFKQDYLJDWLRQZRXOGEHIHDVLEOHLQFORVHSUR[LPLW\

WR RU ZLWKLQ WKH DUUD\ 5HYLHZ DQG DSSOLFDWLRQ RI %(55V µ0HWKRGRORJ\IRU$VVHVVLQJWKH0DULQH1DYLJDWLRQDO6DIHW\5LVNVRI

2IIVKRUH:DYHDQGWLGDOGHYLFHV¶851PD\DOVREHXVHIXO

WR WKH GHYHORSHU LQ DVVHVVLQJ WKH VLWH VXLWDELOLW\ ZLWK UHVSHFW WR

QDYLJDWLRQDOVDIHW\

&DEOH5RXWHV

$ZDUHQHVVRIH[LVWLQJPDULQHFDEOHV LVDQ LPSRUWDQWFRQVLGHUDWLRQZKHQXQGHUWDNLQJ VLWH VHOHFWLRQRIPDULQHVWUXFWXUHVDQG VXLWDEOH

URXWHVIRUFDEOHOD\LQJWRVKRUH6XEPDULQHFDEOHVDUHVXSSOLHGE\

KLJKYROWDJHRIXSWRVHYHUDOWKRXVDQGYROWVRQDYHUDJHWKLVPLJKWEH9IRUD WUDQV$WODQWLFFDEOHDQG OHVVWKDQ9IRUD

8.)UDQFH FDEOH 6HYHULQJ D OLYH FDEOH PD\ UHVXOW LQ LQMXU\ RUGHDWK

&DEOHDZDUHQHVVFKDUWVDUHDYDLODEOHLQHOHFWURQLFDQGSDSHUFRSLHV

IURP IRU H[DPSOH µ.LQJILVKHU ,QIRUPDWLRQ 6HUYLFH &DEOH$ZDUHQHVV¶ KWWSZZZNLVFDRUJXN (PHUJHQF\ SURFHGXUHV DQGFRQWDFWGHWDLOVDUHDOVRDYDLODEOH

6LWHLQYHVWLJDWLRQ

6LWHLQYHVWLJDWLRQGDWD RIWHQ VXSSRUWHGE\ ODERUDWRU\WHVWLQJ LV UHTXLUHG

WRLGHQWLI\

• UHVRXUFHSRWHQWLDODQGPHWRFHDQFRQGLWLRQV• VHDEHGWRSRJUDSK\

• QDWXUHDQGVWDELOLW\RIWKHVHDEHGVXUIDFH

• H[LVWHQFHRIPHWDOOLFREMHFWVDQGVWUXFWXUHV•

JHRPRUSKRORJ\DQGHQJLQHHULQJSURSHUWLHVRIWKHVWUDWDXQGHUO\LQJWKHVHDEHG




7KHH[WHQWRILQYHVWLJDWLRQVVKRXOGEHVXIILFLHQWLQDUHDGHSWKDQGGHWDLOWRDGHTXDWHO\FRYHUWKHGHYLFHRUDUUD\ORFDWLRQDQGSRWHQWLDOO\WKHFDEOH

URXWHV 7KH VL]H DQG FRPSOH[LW\ RI WKH SURSRVHG DQFKRU SRLQW

DUUDQJHPHQWV SLOLQJRU IRXQGDWLRQ SRVLWLRQVDQG WKHDQWLFLSDWHGVHDEHGVRLO FRQGLWLRQV WR EH HQFRXQWHUHG DW WKHVH ORFDWLRQV VKRXOG DOVR EH

FRQVLGHUHGLQGHWHUPLQLQJWKHLUH[WHQW

6LWHLQYHVWLJDWLRQPD\LQFOXGHFRPELQDWLRQVRIWKHIROORZLQJPHWKRGV

• GHWDLOHGEDWK\PHWULFDQGVLGHVFDQVRQDUVXUYH\V

• VKDOORZVHLVPLFUHIOHFWLRQVXUYH\V• VKDOORZVHDEHGVDPSOLQJ

• VKDOORZDQGGHHSLQVLWXFRQHSHQHWURPHWHUYLEURFRUH• FXUUHQWWLGDOIORZVDQGZLQGVSHHGUHFRUGLQJ

7KHVH RIIVKRUH VXUYH\V PD\ WDNH WKH IRUP RI VKRUW FDPSDLJQV IRU

H[DPSOHVHLVPLFVXUYH\VRUPD\UHTXLUHWKHLQVWDOODWLRQPRQLWRULQJDQGPDLQWHQDQFHRIPHDVXULQJGHYLFHVDVLQWKHFDVHRIPHWRFHDQGDWD(DFK

ZLOO LQ WKHPVHOYHV SRVH KHDOWK DQG VDIHW\ ULVNV WKDW UHTXLUH WKH VDPH

PHWKRGV RI LGHQWLILFDWLRQ DVVHVVPHQW DQG PLWLJDWLRQ DV WKRVH RIIVKRUHDFWLYLWLHVLQODWHUSKDVHVRIWKHSURMHFW7KLVVHFWLRQZLOOGLVFXVVPLWLJDWLRQ

PHDVXUHVWKDWFDQEHXVHGWRUHGXFHWKHVHULVNV

&RQVLGHUDWLRQVKRXOGEHJLYHQ WR WKHSUHVHQFH RIPXQLWLRQV LQ WKHDUHD

ORFDWLRQVRIRIILFLDOGXPSVLWHVIRUERWKFKHPLFDODQGFRQYHQWLRQDOZHDSRQV

FDQREWDLQHGXVLQJWKHLQIRUPDWLRQVXSSOLHGE\WKH263$5&RPPLVVLRQDQGWKH,PSHULDO&ROOHJH$FRPELQDWLRQRIVXUYH\LQJHTXLSPHQWVXFKDVVLGH

VFDQ VRQDUV PDJQHWRPHWHUV XQGHUZDWHU WHOHYLVLRQ DQG SXOVH LQGXFWLRQ

JHDU FDQ EH XVHG WR HVWDEOLVK WKH H[WHQW DQG GHQVLW\ RI PXQLWLRQV

FRQWDPLQDWLRQLQWKHDUHD +D]DUG,GHQWLILFDWLRQDQG5LVN$VVHVVPHQW

+D]DUG ,GHQWLILFDWLRQ DQG 5LVN $VVHVVPHQWV VKRXOG EH FRPSOHWHGSULRUWRFRPPHQFHPHQWRIVLWHLQYHVWLJDWLRQZRUNVWRHQVXUHWKDW

DOOULVNVDVVRFLDWHGZLWKFDUU\LQJRXWWKHZRUNVKDYHEHHQSURSHUO\

DGGUHVVHGDQGUHGXFHGWRµDVORZDVUHDVRQDEO\SRVVLEOH¶$/$53+,5$SURFHVVHVDUHGLVFXVVHGLQPRUHGHWDLOLQVHFWLRQ

&RQWUDFWRU6HOHFWLRQIRUVLWHLQYHVWLJDWLRQZRUNV

8QGHU&'0 UHJXODWLRQV WKH &OLHQWVKRXOGHQVXUH WKDW FRQWUDFWRUV

VHOHFWHG WRFDUU\RXW VLWH LQYHVWLJDWLRQZRUNVDUHFRPSHWHQWWRGRVR &RQWUDFWRUV VKRXOG RSHUDWH D IXOO\ GRFXPHQWHG +HDOWK DQG6DIHW\PDQDJHPHQWV\VWHPZKLFKVKRXOGDGGUHVVDOORIWKHLVVXHVLQKHUHQW WR PDULQH VXUYH\ RSHUDWLRQV $ MRE VSHFLILF ULVN

DVVHVVPHQWDQGFRQVWUXFWLRQSKDVHSODQVKRXOGEHSURYLGHGWRWKHFOLHQW SULRU WR PRELOLVDWLRQ 7KH FOLHQW VKRXOG HQVXUH WKDW WKHFRQWUDFWRULVPDGHDZDUHRIKHDOWKDQGVDIHW\ULVNVDVVRFLDWHGZLWK

ZRUNLQJDWWKHORFDWLRQ

9HVVHOVHQJDJHGVKDOODVDPLQLPXPPHHWWKHUHTXLUHPHQWVRIWKH0DULWLPH &RDVWJXDUG$JHQF\ YHVVHOFRGH IRU WKH RSHUDWLRQV WREHXQGHUWDNHQ




3DVVDJHSODQQLQJ

1DYLJDWLRQDO SDVVDJH SODQQLQJ VKRXOG SURYLGH D PHDQV WR VDIHO\

FRPSOHWH D EHUWK WREHUWKPDULQH SDVVDJH LQ DFFRUGDQFHZLWK RI62/$6 &KDSWHU 9 $QQH[ µ9R\DJH 3ODQQLQJ¶ DQG XQGHU WKH

JXLGDQFHRIWKH,&6%ULGJH3URFHGXUHV*XLGH

,QIRUPDWLRQ UHOHYDQW WR WKH VDIH QDYLJDWLRQ RI WKH YHVVHO ZRXOG

LQFOXGHEXWQRWEHOLPLWHGWR

• WLGDOGDWD• XQGHUNHHODOORZDQFHV

• LQIRUPDWLRQIURPSLORWERRNVVDLOLQJGLUHFWLRQV• FKDUWGDQJHUVURFNVVKDOORZZDWHURLOULJVHWF

• WUDIILFVFKHPHV

• ZHDWKHULQIRUPDWLRQVKLSSLQJIRUHFDVWV

•

SRVVLEOHDUHDVRIUHVWULFWHGYLVLELOLW\• DQ\DUHDVZKLFKZRXOGLQYROYHDQDUHDRIKLJKWUDIILFGHQVLW\

7KHSODQQLQJVWDJHXVHVWKLVLQIRUPDWLRQWRIRUPXODWHDSODQIRUWKHLQWHQGHGYR\DJH

7KH H[HFXWLRQ RI WKH SDVVDJH SODQ LQYROYHV WUDQVIHUUDO RI WKHIRUPXODWHGSODQRQWRWKHFKDUWVFKHFNLQJHVWLPDWHGWLPHVRIDUULYDO

(7$¶VDWNH\SRLQWVDORQJWKHURXWH

2QFH WKH SDVVDJH DFWXDOO\ FRPPHQFHV WKH H[HFXWHG SODQ LV

PRQLWRUHG

6DIHZRUNLQJFRQGLWLRQV7KH UHTXLUHPHQW IRU VDIHZRUNLQJFRQGLWLRQV LV OHJLVODWHGZLWK WKH

+HDOWKDQG6DIHW\DW:RUNHWF$FWZLWKUHIHUHQFHPDGHWRWKH

0DULWLPH &RDVWJXDUG $JHQF\ &RGH RI 6DIH :RUNLQJ 3UDFWLFHV IRU0HUFKDQW6HDPHQ

$OOHPSOR\HUVKDYHDJHQHUDOGXW\XQGHUWKH+HDOWKDQG6DIHW\DW:RUNHWF $FW +6:$FW WRHQVXUHVRIDUDV LVUHDVRQDEO\

SUDFWLFDEOH WKDW WKH KHDOWK VDIHW\ DQG ZHOIDUH DW ZRUN RI WKHLUHPSOR\HHVLVSURWHFWHG7KLVGXW\LQFOXGHV

• SURYLGLQJ DQG PDLQWDLQLQJ PDFKLQHU\ HTXLSPHQW DSSOLDQFHV

DQGV\VWHPVRIZRUNWKDWDUHVDIHDQGZLWKRXWULVNVWRKHDOWK• HQVXULQJWKDWDUWLFOHVDQGVXEVWDQFHVDUHXVHGKDQGOHGVWRUHGDQGWUDQVSRUWHGVDIHO\DQGZLWKRXWULVNVWRKHDOWK

• SURYLGLQJ WKH QHFHVVDU\ LQIRUPDWLRQ LQVWUXFWLRQ WUDLQLQJ DQG

VXSHUYLVLRQ WR HQVXUH WKH KHDOWK DQG VDIHW\ DW ZRUN RI DOOHPSOR\HHV

• PDLQWDLQLQJDZRUNSODFHWKDWLVVDIHDQGZLWKRXWULVNVWRKHDOWK

• SURYLGLQJDQGPDLQWDLQLQJDZRUNLQJHQYLURQPHQWZKLFKLVVDIH

ZLWKRXW ULVNV WRKHDOWKDQG ZKLFK KDV DGHTXDWH IDFLOLWLHV DQGDUUDQJHPHQWVIRUHPSOR\HHV¶ZHOIDUHDWZRUN

7KLVVHFWLRQZLOOKLJKOLJKWVRPHRIWKHVSHFLILFUHVSRQVLELOLWLHVRIWKH

HPSOR\HU DQG JLYH JXLGDQFH RQ EHVW SUDFWLVH IRU VDIH ZRUNLQJ

HQYLURQPHQWVRIIVKRUH




'HVLJQ6SHFLILFDWLRQ0DQXIDFWXUHDQG7HVWLQJ ,QWURGXFWLRQ

7KLV VHFWLRQ ZLOO FRYHU VDIHW\ DVSHFWV RI WKH GHVLJQ VSHFLILFDWLRQ

PDQXIDFWXUHDQGWHVWLQJRIPDULQHUHQHZDEOHGHYLFHVIURPWZRDVSHFWV

• FRQVLGHUDWLRQ RI H[LVWLQJ PDULQH UHODWHG FODVVLILFDWLRQ UXOHV DQGUHJXODWLRQV /OR\GV '19 $3, WR KLJKOLJKW UHOHYDQW GHVLJQ EDVLV

UHTXLUHPHQWVIRUPDULQHVWUXFWXUHVDQG

• GHVLJQFRQVLGHUDWLRQVIRUPDULQHVWUXFWXUHVZLWKUHJDUGVWRRSHUDWLRQV

WKDW PD\ EH FRQGXFWHG $SSURSULDWH OHJLVODWLRQ 8. ,02 VKDOO EH

LGHQWLILHGDQGUHIHUHQFHGWRDLGWKHUHDGHU

'HVLJQHUV KDYH D GXW\ XQGHU WKH &'0 5HJXODWLRQV DQG WKH0DQDJHPHQW RI+HDOWK DQG 6DIHW\ DW:RUN 5HJXODWLRQV WR LGHQWLI\

DQGHOLPLQDWHKD]DUGVDWHYHU\VWDJHRIWKHGHVLJQSURFHVVDQGWRSURYLGHLQIRUPDWLRQ ZLWK WKH GHVLJQ DV WR WKH QDWXUH RI DQ\ VLJQLILFDQW ULVNVUHPDLQLQJ

:KHUH DGHVLJQ LV SUHSDUHG RU PRGLILHGRXWVLGH*UHDW %ULWDLQ IRUXVH LQFRQVWUXFWLRQZRUNWRZKLFKWKH&'0UHJXODWLRQVDSSO\

• LI WKH SHUVRQ FRPPLVVLRQLQJ WKH GHVLJQ LV HVWDEOLVKHG ZLWKLQ *UHDW

%ULWDLQ WKH\ VKDOO HQVXUH DOO WKH GXWLHV RI WKH 'HVLJQHU KDYH EHHQ

FRPSOLHGZLWK

• LI WKH SHUVRQ FRPPLVVLRQLQJ WKH GHVLJQ LV QRW HVWDEOLVKHG LQ *UHDW

%ULWDLQ DQ\ FOLHQW IRU WKH SURMHFW VKDOO HQVXUH DOO WKH GXWLHV RI WKH'HVLJQHUKDYHEHHQFRPSOLHGZLWK

6LWH6SHFLILF'DWD5HTXLUHPHQWVIRU6DIH'HVLJQV

:KLOH WKHUH DUH QR VWDQGDUGV WKDW VSHFLILFDOO\ FRYHU WKH GHVLJQ DQG

FRQVWUXFWLRQ RI ZDYH DQG WLGDO GHYLFHV GHVLJQ HQJLQHHUV PD\ XWLOLVH DJUHDWQXPEHURIUHOHYDQWFRGHVDQGVWDQGDUGVWRDVVLVWLQWKHFUHDWLRQRIDVDIHGHVLJQ([DPSOHVLQFOXGHSXEOLFDWLRQVE\

• /OR\GV5HJLVWHU

• 'HW1RUVNH9HULWDV• +HDOWK6DIHW\([HFXWLYH

• *HUPDQLVFKHU/OR\G

• $PHULFDQ3HWUROHXP,QVWLWXWH•

$PHULFDQ%XUHDXRI6KLSSLQJ• ,QVWLWXWHRI(OHFWULFDO(QJLQHHUV

$Q DFFXUDWH DVVHVVPHQW RI WKH RSHUDWLQJ HQYLURQPHQW IRU D PDULQHVWUXFWXUH LV IXQGDPHQWDO WR WKH FRUUHFW DSSOLFDWLRQ RI DQ\ RI WKH GHVLJQVWDQGDUGV 7KLV ZLOO SURYLGH LQIRUPDWLRQ QHFHVVDU\ WR FDOFXODWH WKH

VWUXFWXUDOORDGVWKDWWKHLQVWDOODWLRQVKRXOGEHDEOHWRVDIHO\EHDU




$ FRPSUHKHQVLYH VHW RI RSHUDWLQJ DQG H[WUHPH HQYLURQPHQWDO OLPLWLQJFRQGLWLRQVVKRXOGEHUHFRJQLVHGDQGFULWLFDOFDVHVLGHQWLILHG7KHIROORZLQJ

FDVHV DUH SURYLGHG WR JXLGH WKH UHDGHU EXW VKRXOG EHGHILQHG IRU HDFK

GHYLFHDVDSSOLFDEOH

• ,QWDFWFDVH

o 7KLVFDVHDVVXPHVWKHPRRULQJV\VWHPVWUXFWXUHLVLQWDFW

• 'DPDJHGFDVH

o 7KLV FDVH LQYROYHV WKH IDLOXUH RI D VLQJOH FRPSRQHQW LHIDLOXUHRIDPRRULQJOLQHRUDQFKRUSRLQW

• 'HVLJQHQYLURQPHQWDOFRQGLWLRQV

o \HDUZDYH\HDUZLQG\HDUFXUUHQW

o \HDUZDYH\HDUZLQG\HDUFXUUHQW• 'LUHFWLRQDOFRPELQDWLRQV

o )RU VSUHDGPRRULQJ XQLWV ZLQG ZDYH DQG FXUUHQW FDQ EHDSSOLHGLQOLQH

o

)RU ZHDWKHU YDQLQJ XQLWV VXIILFLHQW FRPELQDWLRQV RIGLUHFWLRQV RI ZLQG DQG FXUUHQW UHODWLYH WR ZDYH GLUHFWLRQ

VKRXOGEHLQYHVWLJDWHG

o 3LOHGRUJUDYLW\EDVHGXQLWVVKRXOGVLPLODUO\EH FRQVLGHUHGXVLQJWKHµZRUVWFDVH¶FRPELQDWLRQHIIHFWV

'HVLJQHUV VKRXOG FRQVLGHU ZKHWKHU LQGHSHQGHQW UHYLHZ RI QHZ GHVLJQVXVLQJ D WKLUG SDUW\ RUJDQLVDWLRQ LV DSSURSULDWH WR L SURYLGH JUHDWHU

DVVXUDQFHRIRYHUDOOLQWHJULW\DQGLLWRDVVLVWLQREWDLQLQJLQVXUDQFHDVZHOO

DVLQFUHDVLQJWKHFRQILGHQFHRISURVSHFWLYHSXUFKDVHUV

'HYLFH'HVLJQ&RQVLGHUDWLRQV

6WUXFWXUHDQGPRRULQJV

([DFWLQJGHVLJQUHTXLUHPHQWVZLOOEHGHSHQGDQWXSRQHDFKGHYLFHKRZHYHU VWUXFWXUDO IDFWRUV RI VDIHW\ GR H[LVW IRU RWKHU RIIVKRUH

VWUXFWXUHV DQG PRRULQJV DQG WKHVH VKRXOG EH FRQVLGHUHG LQ WKHGHVLJQ ,QGHHG H[LVWLQJ GHVLJQ UXOHV DQG UHJXODWLRQV PD\ EH

DGRSWHG E\ D GHYLFH GHVLJQHU LQ D PDQQHU WKDW HQDEOHV GHVLJQ

YDOLGDWLRQDJDLQVWH[LVWLQJPDULQHVWUXFWXUHV

7KHVH H[LVWLQJ UHJXODWLRQV PD\ EH REWDLQHG IURP D QXPEHU RI

JOREDOO\UHFRJQLVHGVRXUFHVLQFOXGLQJ

• /OR\GV5HJLVWHU

• 'HW1RUVNH9HULWDV

• +HDOWK6DIHW\([HFXWLYH• *HUPDQLVFKHU/OR\G

• $PHULFDQ3HWUROHXP,QVWLWXWH

• $PHULFDQ%XUHDXRI6KLSSLQJ

:KHQGHVLJQLQJ VWUXFWXUHVDQGPRRULQJVFRQVLGHUDWLRQVKRXOGEH

JLYHQ WR WKHLU VDIH DQG SUDFWLFDO LQVWDOODWLRQ DQG DFFHVV IRU

PDLQWHQDQFH 6WUXFWXUHV DQG PRRULQJV VKRXOG DOVR EH GHVLJQHGVXFK WKDW WKHLUFRQVWUXFWLRQDVVHPEO\DQG WHVWLQJ FDQ WDNHSODFH

RQVKRUHDVIDUDVLVSRVVLEOH




'HVLJQ5LVN$QDO\VLV

,QRUGHUWRFRPSO\ZLWKWKH&'0UHJXODWLRQVDQG+HDOWKDQG6DIHW\

DW:RUNHWF$FWGHYLFHGHVLJQHUVVKRXOGLGHQWLI\KD]DUGVDQGULVNVDVVRFLDWHG ZLWK WKHLU GHVLJQV IRU DOO VWDJHV RI GHYHORSPHQW IURP

DVVHPEO\FRQVWUXFWLRQLQVWDOODWLRQRSHUDWLRQDQGPDLQWHQDQFHWRGHFRPPLVVLRQLQJ

7KH GHVLJQ ULVN DQDO\VLV VKRXOGFRQVLGHU WKH XVHRI WKH IROORZLQJULVNDVVHVVPHQWWRROVWRIDFLOLWDWHWKHLGHQWLILFDWLRQRIKD]DUGVDQG

ULVNVZLWKLQWKHGHVLJQDQGWRVWLPXODWHGHVLJQVDIHW\DQGUHOLDELOLW\LPSURYHPHQWVLQWRWKHGHVLJQ

)DLOXUH0RGH (IIHFW $QDO\VLV )0($ DQG )DLOXUH 0RGH (IIHFW

DQG &ULWLFDOLW\ $QDO\VLV )0(&$ ± DUH ERWK IRUPDO VWUXFWXUHGSURFHVVHVWKDWDUHLQWHQGHGWRORRNDWLQGHWDLOWKHPDQ\GLIIHUHQW

ZD\V LQ ZKLFK D FRPSRQHQW DQG RU V\VWHP PD\ IDLO DQG KRZIUHTXHQWO\WKHVHIDLOXUHVPD\RFFXU'HVLJQHUVFDQXVHWKHVHWRROV

WR LGHQWLI\ DQG XQGHUVWDQG ZHDNQHVVHV ZLWKLQ WKHLU GHVLJQ VR

DSSURSULDWH PRGLILFDWLRQV PD\ EH PDGH ,Q DGGLWLRQ WKH GHYLFHUHOLDELOLW\ GDWD JHQHUDWHG E\ DQDO\VLV PD\ DOVR EH XVHG LQ WKH

GHYHORSPHQWRIDSODQQHGSUHYHQWLYHPDLQWHQDQFHVFKHPHIRUXVH

LQWKH2SHUDWLRQVDQG0DLQWHQDQFHSKDVHRIDSURMHFW

+D]DUGV ,Q'HVLJQ +$=,' ± LV D IRUPDO VWUXFWXUHG SURFHVV

ZKLFKWKDWLVLQWHQGHGWRORRNDWYDULRXVVWDJHVZLWKLQWKHGHVLJQFUHDWLRQ SURFHVV DW WKH IDLOXUH RI FRPSRQHQWV DQG V\VWHPV DQG

WKHLU FRQVHTXHQWLDO HIIHFW WRSHUVRQDO VDIHW\GHYLFH LQWHJULW\ DQG

RYHUDOOSURMHFW LPSDFW7R HQDEOHWKLV SURFHVV WREH HIIHFWLYHWKH

LQYROYHPHQWRIDQXPEHURINH\LQGLYLGXDOVIURPYDULRXVGLVFLSOLQHVIRU H[DPSOH WKRVH IURP PDQXIDFWXULQJ LQVWDOODWLRQFRPPLVVLRQLQJZLOOSURYLGHWKHGHVLJQHUZLWKVSHFLDOLVWNQRZOHGJH

WRKHOSWKHPXQGHUVWDQGDQGLGHQWLI\SUREOHPVZLWKWKHGHVLJQDQG

DSSURSULDWHPRGLILFDWLRQVWREHPDGH

+D]DUG2SHUDELOLW\6WXG\+$=23 ±LV DGHWDLOHG ORRN DW WKH

KD]DUGV LQYROYHG ZLWK WKH RSHUDELOLW\ RI WKH GHYLFH DJDLQ WKLVSURFHVV VKRXOG LQFOXGH VSHFLDOLVW NQRZOHGJH RI IURP WKH YDULRXV

GLVFLSOLQHV DOUHDG\ PHQWLRQHG ZLWKLQ WKH +$=,' 7KLV WRRO VKDOOLGHQWLI\VSHFLILFLVVXHVDQGRUSUREOHPVUHODWLQJWRLWVRSHUDWLRQDQGXVH DQG ZKHQ FRPSRQHQWV QHHG WR EH UHPRYHG RU UHSODFHG

HQDEOLQJ GHVLJQHUV WR PDNH DSSURSULDWH PRGLILFDWLRQV DQG

LPSURYHPHQWVWRWKHLUGHVLJQ7KHVHDVVHVVPHQWVVKRXOGEHUHYLHZHGDWHDFKNH\GHVLJQVWDJHWRLGHQWLI\HOLPLQDWHRUUHGXFHKHDOWKDQGVDIHW\ULVNV




3DUWLFXODUDWWHQWLRQVKRXOGEHSDLGWRGHVLJQFKRLFHVDIIHFWLQJVDIHW\LQWKHIROORZLQJDUHDV

•

PHWKRGRIWUDQVSRUWWRVLWH• VDIH,QVWDOODWLRQDQGFRPPLVVLRQLQJ

• HDUWKLQJDQGSURWHFWLRQ

• LQVXODWLRQRIHOHFWULFDOHTXLSPHQWDQGFDEOHV

• VDIH LVRODWLRQ RI PHFKDQLFDO DQG HOHFWULFDO HTXLSPHQW IRU

PDLQWHQDQFH

• VDIH UHPRWH FRQWURO DQG RSHUDWLRQ LQFOXGLQJ HPHUJHQF\ VKXW

GRZQLVRODWLRQ• PDQXIDFWXUHUVFHUWLILFDWLRQVDQGZDUUDQWV

• VDIHZRUNLQJDFFHVV• VDIHZRUNLQJDUHDV

• VDIHPHDQVRIHVFDSH

• FRQVHTXHQWLDOIDLOXUHRIFRPSRQHQWV

•

JXDUGLQJRIPDFKLQHU\• ILUHSUHYHQWLRQGHWHFWLRQSURWHFWLRQVXSSUHVVLRQ

• SUHYHQWLRQRIXQDXWKRULVHGDFFHVVDQGDSSURSULDWHZDUQLQJVLJQV

• RSHUDWLRQDOFRQWUROV

• ZDUQLQJVLJQVDQGPDUNLQJV

• YHVVHO&ROOLVLRQ

• ZHDUDQG&RUURVLRQ

• QDYLJDWLRQDODLGVDQGWKHLUDFFHVVIRUPDLQWHQDQFH

• FRQWDLQPHQWRIKD]DUGRXVRUSROOXWLQJVXEVWDQFHV

'HVLJQIRU0DULQH+D]DUGV

0DULQH KD]DUGV DUH GLYHUVH LQ QDWXUH EHLQJ GHILQHG DV µDQ\ SRWHQWLDO

DFFLGHQW RQ D PDULQH LQVWDOODWLRQ FRQQHFWHG ZLWK LWV LQWHUIDFH ZLWK WKHPDULQHHQYLURQPHQW¶ +6(SXEOLFDWLRQ0DULQH5LVNDVVHVVPHQWDGGUHVVHVPDULQHKD]DUGVRQDPDULQHLQVWDOODWLRQLQFOXGLQJ

• ORVVRISRVLWLRQNHHSLQJHJPRRULQJIDLOXUH

• ORVV RI VWUXFWXUDO LQWHJULW\ HJ KXOO EDOODVW WDQN VXSSRUW VWUXFWXUH

IDLOXUH• ORVVRIVWDELOLW\HJEDOODVWV\VWHPIDLOXUHVKLIWRILQWHUQDOLWHPV

• ORVVRIPDULQHXWLOLW\V\VWHPVHJK\GUDXOLFVSRZHU

• FROOLVLRQHJVXSSRUWYHVVHOVSDVVLQJYHVVHOV

,QDGGLWLRQWRWKHDIRUHPHQWLRQHGSXEOLFDWLRQVWKHUHDGHUVDWWHQWLRQLVDOVR

GUDZQWRWKH&RGHRI6DIH:RUNLQJ3UDFWLFHVIRU0HUFKDQW6HDPHQZKLFK

FRYHUVWKLVDQGDZLGHUDQJHRIRWKHUVDIHW\LVVXHV:LWKLQ WKH GHVLJQ GHYHORSPHQW LQVWDOODWLRQ DQG RSHUDWLRQ RI D PDULQH

UHQHZDEOH DUUD\ DGGLWLRQDO FRQVLGHUDWLRQ VKRXOG EH JLYHQ WR WRZRXW

RSHUDWLRQV 7KHVH RSHUDWLRQVZRXOG EH VXEMHFW WR VSHFLDO GHOLEHUDWLRQ DVWKH\PD\ WUDQVLW DUHDVQRW QRUPDOO\ FRQVLGHUHG LQ WKH VLWH LQYHVWLJDWLRQ)XUWKHUGLVFXVVLRQRIWKLVWRSLFLVLQFOXGHGLQ$SSHQGL[$




6SHFLILFDWLRQV

7KRVH FUHDWLQJ WKH SK\VLFDO GHVLJQ RI D PDULQH GHYLFH VKRXOG HQVXUH

WKURXJKRXWWKHGHVLJQSKDVHWKH\VHWRXWFOHDUVSHFLILFDWLRQVRIWKHGHVLJQ6SHFLILFDWLRQV VKRXOG EH DEOH WR SURYLGH VXIILFLHQW LQIRUPDWLRQ WR HQDEOH

RWKHUV WR XQGHUVWDQG KRZ WKH GHYLFH LV WR EH PDQXIDFWXUHG LQFOXGLQJIDFWRU\ DFFHSWDQFH WHVWLQJ FRQVWUXFWHG LQVWDOOHG FRPPLVVLRQHG

RSHUDWHGPDLQWDLQHGDQGGHFRPPLVVLRQHG

6SHFLILFDWLRQVVKRXOGW\SLFDOO\LQFOXGHEXWQRWOLPLWHGWRWKHIROORZLQJ

• 'UDZLQJV IRU LQGLYLGXDO FRPSRQHQWV DQG JHQHUDO DVVHPEO\

DUUDQJHPHQWVZKLFKLQFOXGHGLPHQVLRQVDQGWROHUDQFHV• 0DWHULDOVSHFLILFDWLRQVLQFOXGLQJUHIHUHQFHVWRDSSURSULDWHVWDQGDUGV

• 5HIHUHQFHWRRWKHUVWDQGDUGVIRUZHOGLQJSUHVVXUHV\VWHPVHOHFWULFDODVVHPEO\HWF

•

$VVHPEO\LQVWUXFWLRQVZKLFKLQFOXGHWKHLGHQWLILFDWLRQRIVDIHW\FULWLFDORUGHYLFHLQWHJULW\FULWLFDOFRPSRQHQWVDQGRUDVVHPEOLHV

• 'HWDLOV RI DSSURSULDWH ZRUNPDQVKLS VWDQGDUGV WR EH DFKLHYHG DQG

DSSURSULDWHLQVSHFWLRQPHDVXULQJDQGWHVWLQJDFWLYLWLHVDQGWHFKQLTXHVWREH DGRSWHGWR HQVXUHGHVLJQVSHFLILFDWLRQ UHTXLUHPHQWVKDYHEHHQ

DFKLHYHG

0DQXIDFWXUH

7RHQDEOHPDULQHGHYLFHV WREHPDQXIDFWXUHG FRUUHFWO\DQGUHSHWLWLYHO\WKHGHVLJQVKRXOGEHSURYLGHGZLWKFOHDUVSHFLILFDWLRQV7KRVHLQYROYHGZLWK

WKHPDQXIDFWXUHRIWKH GHYLFHV VKDOOXQGHUVWDQGWKH UHTXLUHPHQWVPRUH

HDVLO\DQGVKDOOEHDEOHWRUHSURGXFHFRPSRQHQWVDVVHPEOLHVDQGGHYLFHV

WR WKH UHTXLUHG VWDQGDUGV ZLWK PLQLPDO PLVXQGHUVWDQGLQJ XOWLPDWHO\UHGXFLQJHUURUVDQGFRVWO\IDLOXUH

7KH GHVLJQ DQG VSHFLILFDWLRQV VKRXOG EH EURNHQ GRZQ LQWR D ORJLFDO

PDQXIDFWXULQJ VWDJH SURFHVV GHVLJQHG WR HQVXUH WKH VDIHVW DQG PRVWSUDFWLFDEOH RUGHU RI DVVHPEO\ &OHDU DVVHPEO\ LQVWUXFWLRQV VKRXOG EH

FUHDWHGIRUHDFKVWDJHFOHDUO\VSHFLI\LQJRUGHUPHWKRGVRIZRUNWRROVWR

EHXVHGZRUNPDQVKLS VWDQGDUGVDQGDFFHSWDQFH FULWHULD WREHDFKLHYHG7KHVH LQVWUXFWLRQVVKRXOGEHUHYLHZHG DQG DSSURYHGE\WKHGHVLJQHUV WR

HQVXUH QR HUURUV KDYH RFFXUUHG ZLWKLQ WKH WUDQVIHU RI LQIRUPDWLRQ WKHFRUUHFW DVVHPEO\ PHWKRGV KDYH EHHQ LGHQWLILHG DQG DOO RI WKH GHVLJQFULWHULDDUHFRUUHFW

7KHDVVHPEO\LQVWUXFWLRQVVKRXOGEHDSSURSULDWHO\ULVNDVVHVVHGWRHQVXUHGXHFRQVLGHUDWLRQRIWKHVSHFLILFKD]DUGVUHODWHGWRWKHDFWXDOZRUNDFWLYLW\WRROVDQGHTXLSPHQWXVHGDQGWKHXQLTXHQHVVRIWKHZRUNHQYLURQPHQWWKHDFWLYLW\ LV EHLQJ XQGHUWDNHQ ZLWKLQ $OO HPSOR\HHV LQYROYHG ZLWK WKH

DVVHPEO\ DFWLYLWLHV UHODWLQJ WR WKH GHYLFH VKRXOG EH SURYLGHG ZLWKDSSURSULDWH LQIRUPDWLRQ LQVWUXFWLRQ WUDLQLQJ DQG VXSHUYLVLRQ WR HQVXUHWKHLUKHDOWKVDIHW\DQGZHOIDUHDQGHQVXUHFRUUHFWDVVHPEO\RIWKHGHYLFH




7HVWLQJ

7KH LPSRUWDQFH RI TXDOLW\ FRQWURO DW HDFK VWDJH RI WKH PDQXIDFWXULQJ

SURFHVV FDQQRWEHXQGHUHVWLPDWHG4XDOLW\ FRQWURODFWLYLWLHVDUHGHVLJQHGWR HQVXUH WKDW FRPSRQHQWV DVVHPEOLHV DQG GHYLFHV DUH LQVSHFWHG

PHDVXUHG DQG WHVWHG WR HQVXUH WKHLU FRPSOLDQFH WR WKH GHVLJQ DQGVSHFLILFDWLRQV:LWKRXWWKHVHDFWLYLWLHVLQSODFHSULRUWRGHYLFHGHSOR\PHQW

SRRUO\DVVHPEOHGGHYLFHVPD\JRXQGHWHFWHGDQGPD\UHVXOWLQSUHPDWXUH

GHYLFHIDLOXUH7KHVLJQLILFDQFHRIDQ\IDLOXUHZKLOVWWKHGHYLFHLVGHSOR\HGFDQRQO\VSHFXODWHGEXWPD\UHVXOWLQDQ\WKLQJIURPDFDWDVWURSKLFGHYLFH

IDLOXUH DQG ULVN WR RWKHUPDULQHUVZLWKLQ WKH DUHD RU ORVV RI SURGXFWLRQERWKRIZKLFKZRXOGUHTXLUHFRVWO\UHVSRQVHWRUHFWLI\

$4XDOLW\3ODQVKRXOGEHFUHDWHGGHWDLOLQJDOOWKHVWDJHVRIWKHPDQXIDFWXUH

SURFHVV DOO LQVSHFWLRQV PHDVXUHPHQWV DQG WHVWLQJ WR EH SHUIRUPHGDFFHSWDQFH VWDQGDUGV WR EH DFKLHYHG DQG SHUVRQV UHVSRQVLEOH IRU WKH

TXDOLW\ FRQWURO DFWLYLW\0DQXIDFWXUHUVDQGGHVLJQHUVVKRXOGDJUHHRQWKHFULWLFDO DUHDV RI DVVHPEO\ DQG VKRXOG HQVXUH D +ROG 3RLQW ZLWKLQ WKH

SURFHVV LV HVWDEOLVKHG WR HQVXUH WKH DVVHPEO\ LV SUHYHQWHG IURP

SURFHHGLQJXQWLODWKRURXJKLQVSHFWLRQKDVWDNHQSODFHDQGFRQILUPDWLRQRIWKHUHTXLUHGZRUNPDQVKLSVWDQGDUGVKDVEHHQDFKLHYHG

0DQXIDFWXUHUVRIGHYLFHVVKRXOGHVWDEOLVKDIDFWRU\DFFHSWDQFHWHVWFULWHULDWRHQDEOHDOODSSURSULDWHSUHLQVWDOODWLRQWHVWLQJWREHFDUULHGRXWSULRUWR

GHSOR\PHQW DQG LQVWDOODWLRQ 'XULQJ WKHPDQXIDFWXUH DQG WHVWLQJ RI WKH

LQLWLDOGHYLFHWKHPDQXIDFWXUHUVKRXOGHQVXUHDOOQRQFRQIRUPLWLHVQHJDWLYHWHVW UHVXOWVDQGDVVHPEO\ LPSURYHPHQWV DUH IHGEDFNWRWKH GHVLJQHUVR

WKH\ PD\ UHYLHZ WKH GDWD DQG SHUIRUP WKH ILUVW VWDJH RI WKH GHVLJQ

YDOLGDWLRQSURFHVVSURRIRIDVVHPEO\




,QVWDOODWLRQ&RPPLVVLRQLQJDQG'HFRPPLVVLRQLQJ

,QWURGXFWLRQ7KHLQVWDOODWLRQDQGFRPPLVVLRQLQJSKDVHVRIWKHSURMHFWZLOOUHSUHVHQWRQH

RIWKHKLJKHVWULVNSKDVHVZLWKUHVSHFWWR+HDOWKDQG6DIHW\FRQVLGHUDWLRQV$V GLVFXVVHG LQ 6HFWLRQ PXFK FDQ DQG VKRXOGEHGRQH LQ WKH GHVLJQSKDVHWRLPSURYHFRQVWUXFWDELOLW\DQGUHPRYHRUUHGXFHFRQVWUXFWLRQSKDVH

ULVNV DQG VHFWLRQ QRZ DGGUHVVHV NH\ VWHSV WR IXUWKHU PLWLJDWH ULVNV

GXULQJWKLVSKDVHRIWKHSURMHFW

'HFRPPLVVLRQLQJ DFWLYLWLHV ZLOO LQYROYH WKH VDPH LQKHUHQW KD]DUGV DQG

ULVNVDQGVRGHFRPPLVVLRQLQJLVDOVRDGGUHVVHGLQWKLVVHFWLRQ 3ODQQLQJ&RPPXQLFDWLRQ&RRUGLQDWLRQ

([FHOOHQWSODQQLQJFRPPXQLFDWLRQDQGFRRUGLQDWLRQRISURMHFWKHDOWKDQGVDIHW\ JRDOV UXOHV DQG UHTXLUHPHQWV GXULQJ FRQVWUXFWLRQ FRPPLVVLRQLQJDQGGHFRPPLVVLRQLQJFDQJRDORQJZD\LQSUHYHQWLQJDFFLGHQWV$UHDVIRU

SDUWLFXODUIRFXVLQFOXGH

• SURMHFW RUJDQLVDWLRQDO VWUXFWXUH DQG LGHQWLILFDWLRQ RI +6 UROHV DQG

UHVSRQVLELOLWLHV

• FRPPXQLFDWLRQ ± &OLHQW UHVSRQVLELOLWLHV FRPPXQLFDWLRQ ZLWKLQ WKHSURMHFW FRPPXQLFDWLRQ ZLWK WKLUG SDUWLHV DQG RWKHU VLWH XVHUV

FRPPXQLFDWLRQZLWKWKHSXEOLF

• FRPPXQLFDWLRQ/LQNVRQVKRUHRIIVKRUHDQGVKLSWRVKRUH

• PDQDJHPHQWRI+HDOWKDQG6DIHW\LVVXHVWKURXJKRXWWKHSURMHFW

1RWLILFDWLRQ

7KHGHYHORSHUZLOOEHUHTXLUHGWRHQVXUHWKDWSURSHUQRWLILFDWLRQLVJLYHQWRWKHUHOHYDQWDXWKRULWLHVDQGRWKHUWKLUGSDUWLHV LQDGYDQFHRIFRQVWUXFWLRQ

ZRUNVDQGIRUFHUWDLQW\SHVRIFRQVWUXFWLRQZRUNVWREHFDUULHGRXW8QGHU

WKH &RQVWUXFWLRQ 'HVLJQ DQG 0DQDJHPHQW 5HJXODWLRQV WKH +6(

PXVW EH QRWLILHG RI DQ\ SURMHFW WKDW ZLOO ODVW PRUH WKDQ GD\V RIFRQVWUXFWLRQRULQYROYHPRUHWKDQPDQGD\V7KH)IRUPVXSSOLHG

WRWKH+6(PXVWDOVREHGLVSOD\HGRQVLWH1RWLFHVWR0DULQHUVDQGUHJXODU

QDYLJDWLRQDOZDUQLQJV ZLOO QHHG WREHJLYHQ SULRU WRDQG GXULQJRIIVKRUHFRQVWUXFWLRQDFWLYLWLHVDQGRWKHUWKLUGSDUWLHVPD\QHHGWREHLQIRUPHGRIFHUWDLQDFWLYLWLHVVXFKDVILVKHUPHQRUZKHUHWDOOVWUXFWXUHVRUFUDQHVDUH

WREHHUHFWHGDYLDWLRQXVHUV




'RFXPHQWDU\FRQWURODQG5HFRUGNHHSLQJ

,WLVUHFRPPHQGHGIURPWKHRXWVHWWKDWWKHSURMHFWHVWDEOLVKDGRFXPHQW

FRQWURO DQG UHFRUGNHHSLQJSURFHGXUH IRU DOO GRFXPHQWDWLRQ 7KURXJKRXWWKHSURMHFWYDULRXVW\SHVRIGRFXPHQWDWLRQVKDOOEHUDLVHGGHWDLOLQJVSHFLILF

LQIRUPDWLRQDERXWWKHFRQVWUXFWLRQRIWKHSURMHFW,WLVLPSRUWDQWWRHQVXUHDOO WHFKQLFDO DQG VDIHW\ UHODWHG LQIRUPDWLRQ FRQWDLQHG ZLWKLQ WKH

GRFXPHQWDWLRQLV FRQWUROOHGVRFKDQJHVPD\EH LGHQWLILHGDQGHIIHFWLYHO\

FRQWUROOHG([DPSOHVRIW\SLFDOSURMHFWGRFXPHQWDWLRQZKLFKZLOOUHTXLUHWREHFRQWUROOHGLQFOXGH

• 3URMHFW +HDOWK 6DIHW\ 0DQDJHPHQW 6\VWHP SURFHGXUHV DQG

GRFXPHQWDWLRQ• 3UHFRQVWUXFWLRQ,QIRUPDWLRQ

• &RQVWUXFWLRQ3KDVH3ODQV

• 'UDZLQJV

•

'HVLJQ'RFXPHQWV• 6SHFLILFDWLRQV

• 0LQXWHVRI3URMHFW0HHWLQJV

• 3URMHFW5HSRUWV

• 0HWKRG6WDWHPHQWV

• 5LVN$VVHVVPHQWV

• 7HVW&RPPLVVLRQLQJ5HSRUWV

• 7UDLQLQJ5HFRUGVDQG&HUWLILFDWLRQ

• (TXLSPHQW&HUWLILFDWLRQ

• &RQVWUXFWLRQ'DLO\5HSRUWV

,QDGGLWLRQWKH&'0UHJXODWLRQVUHTXLUHD+HDOWK6DIHW\)LOHWREHFUHDWHG

DQGPDLQWDLQHG IRU WKH OLIH WLPHRI WKH VWUXFWXUH 7KLVILOH LV UHTXLUHG WR

FRQWDLQ DOOUHOHYDQW LQIRUPDWLRQ UHODWLQJ WRWKH VWUXFWXUH IXUWKHUGHWDLO LVFRQWDLQHGZLWKLQWKH$&23/

+D]DUG,GHQWLILFDWLRQDQG5LVN$VVHVVPHQWV+,5$

7KH +,5$ SURFHVV LQ OLQHZLWK 6HFWLRQ 5LVN $VVHVVPHQW VKRXOG EH

XVHGWRLGHQWLI\DQGPLWLJDWHRUFRQWUROKD]DUGVDQGULVNVDWHYHU\VWHSRI

WKH LQVWDOODWLRQDQG FRPPLVVLRQLQJSKDVH2XWFRPHVRI WKH+,5$ SURFHVVVKRXOGIHHG LQWRPHWKRGVWDWHPHQWVDQG WRROER[ WDONVWR HQVXUHWKDWDOO

WKRVHHQJDJHGLQFDUU\LQJRXWWKHZRUNVDUHDZDUHRIWKHUHVLGXDOKD]DUGVDQG ULVNV DQG DQ\ VWHSV WKDW WKH\ VKRXOG EH WDNLQJ WR PLWLJDWH WKHP:KHUH KDQJHV DUH EHLQJ FRQVLGHUHG DOO SRWHQWLDO KD]DUGV DUH WR EH

LGHQWLILHG DQG ULVNV HYDOXDWHG 6HFWLRQ H[SDQGV RQ WKLV VXEMHFW

µ0DQDJHPHQWRI&KDQJH¶ 6DIH6\VWHPRIZRUN

:ULWWHQµ6DIH6\VWHPRI:RUN¶RUµ0HWKRG6WDWHPHQWV¶DUHXVHGWRGHVFULEHLQ GHWDLO WKH LQGLYLGXDO WDVNV WR EH FDUULHG RXW IRU HDFK SKDVH RI WKHFRQVWUXFWLRQDQGFRPPLVVLRQLQJDQGWROLVWWKHULVNPLWLJDWLRQPHDVXUHVWR

EHWDNHQ$Q\UHVLGXDOULVNVWKDWVKRXOGEHSURSHUO\FRQWUROOHGGXULQJWKH

ZRUNVDUHDOVRKLJKOLJKWHG7KHVH SURFHGXUHV VKRXOG EH SUHSDUHG E\ WKH 3ULQFLSDO &RQWUDFWRU RU LI

SUHSDUHGE\DVXEFRQWUDFWRUIRUVSHFLILFDUHDVRIZRUNVKRXOGEHDSSURYHG

E\WKH3ULQFLSDO&RQWUDFWRU




,QIRUPDWLRQ&RQVXOWDWLRQ7UDLQLQJDQG6XSHUYLVLRQ

*HQHUDOGXWLHVRIWKHHPSOR\HUXQGHUWKH+HDOWKDQG6DIHW\DW:RUNHWF

$FW LQFOXGH WKH SURYLVLRQ RI LQIRUPDWLRQ WUDLQLQJ DQG VXSHUYLVLRQQHFHVVDU\WRHQVXUHHPSOR\HHVFRQWUDFWRUVRUYLVLWRUV¶KHDOWKDQGVDIHW\LQ

WKHZRUNSODFH

$OO SHUVRQQHO VKRXOG EH JLYHQ D VLWH VDIHW\ LQGXFWLRQ EHIRUH EHLQJ

DXWKRULVHG WR HQWHULQJ DQ\ RI WKH SURMHFW VLWHV 7KH FRQWHQWV RI WKHLQGXFWLRQZLOOYDU\DFFRUGLQJWRWKHQDWXUHRIWKHVLWHDQGZKHWKHULWLVRQ

RU RIIVKRUH 7UDLQLQJ UHTXLUHPHQWV IRU VSHFLILF ORFDWLRQVRU WDVNV VKRXOGDOVREHLGHQWLILHGDSSURSULDWHWUDLQLQJSURYLGHGLQFOXGLQJ• PLQLPXPUHTXLUHPHQWVIRUJHQHUDOVDIHW\LQGXFWLRQV

• PLQLPXP DSSURSULDWH VDIHW\ LQGXFWLRQV DQG WUDLQLQJ IRU SHUVRQQHOZRUNLQJRIIVKRUH

•

DVVHVVPHQWRIVNLOOVUHTXLUHPHQWVIRUVSHFLILFMREV• WUDLQLQJ0DWULFHV

• WRRO%R[WDONV

7KH UHTXLUHPHQWV RI WKH PDQDJHPHQW RI +HDOWK DQG 6DIHW\ DW :RUN

5HJXODWLRQVPXVWRIFRXUVHEHPHW

&RPSHWHQF\DQG)LWQHVV

,Q DFFRUGDQFH ZLWK &'0 5HJXODWLRQV DOO SDUWLHV HQJDJHG LQFRQVWUXFWLRQ DFWLYLW\ IRU WKH SURMHFWKDYH D UHVSRQVLELOLW\ WR HQVXUH WKDW

SHUVRQQHO XQGHU WKHLU FRQWURO DUHFRPSHWHQW WRFDUU\RXW WKHLU DVVLJQHG

GXWLHV$&RPSHWHQF\DVVHVVPHQWDQG7UDLQLQJ3ROLF\VKDOOEHGHYHORSHG

WRLQFOXGH

• &RQWURODQG$VVHVVPHQWRI$SSRLQWHG6XE&RQWUDFWRUV

• 'UXJVDQGDOFRKRO3ROLF\

• +HDOWKDQG)LWQHVV

• 0HGLFDOFHUWLILFDWLRQIRU2IIVKRUHSHUVRQQHO

0HW2FHDQ&RQVLGHUDWLRQV

:HDWKHUZRUNLQJOLPLWVPD\EHDFRPSOH[FRPELQDWLRQRIZLQGZDYHDQGWLGDO YHORFLWLHV ,W LV OLNHO\ WKDW GLIIHUHQW ZRUNLQJ OLPLWV ZLOO EH VHW IRUGLIIHUHQWSURMHFWDFWLYLWLHVIRUH[DPSOH FUDQHRSHUDWLRQV WRZLQJRU GLYLQJ

RSHUDWLRQVDQGDOVRIRUGLIIHUHQWYHVVHOV*RRGVLWHVSHFLILFIRUHFDVWVDUH

LPSRUWDQW LQ DVVLVWLQJ WKH VFKHGXOLQJ RI ZHDWKHU GHSHQGDQW RSHUDWLRQVVDIHO\DQG HIILFLHQWO\ &RQWLQJHQF\SODQQLQJ LQ WKH HYHQW RIGHWHULRUDWLQJFRQGLWLRQVUHTXLULQJWKHVXVSHQVLRQRIRSHUDWLRQVVKRXOGEHFRQVLGHUHGDVSDUWRIDULVNDVVHVVPHQWSULRUWRFRPPHQFHPHQWRIZRUNV




6DIH:RUNLQJ3UDFWLFHV

6LWH$FFHVVDQG5RDG6DIHW\2QVKRUH

6LWH DFFHVVRQVKRUH VKRXOG EHPDQDJHG WR HQVXUH WKH VDIHW\RISURMHFWSHUVRQQHO DQG WKH SXEOLF DOLNH 7HPSRUDU\DFFHVV URXWHV

DQG KDUG VWDQGLQJV PD\ QHHG WR EH HVWDEOLVKHG DQG VKRXOG EH

DSSURSULDWHO\ VSHFLILHG DQG PDUNHG 6LPLODUO\ +,5$ ILQGLQJV PD\UHFRPPHQGWKHWHPSRUDU\FORVXUHRISXEOLFKLJKZD\VDQGHUHFWLRQRI IHQFHV RU EDUULHUV GXULQJ WKH SURMHFW PRELOLVDWLRQ RU

GHPRELOLVDWLRQ$Q RQVKRUH WUDQVSRUW PDQDJHPHQW SODQ LV UHFRPPHQGHG IRU DOO

YHKLFOHRSHUDWLRQV

6LWH$FFHVVDQG1DYLJDWLRQDO6DIHW\2IIVKRUH

$OOYHVVHOPRYHPHQWVXQGHUWKHFRQWURORIWKH3ULQFLSDO&RQWUDFWRU

ZLOO UHTXLUH WKH VXEPLVVLRQ RI SDVVDJH SODQV LQ DFFRUGDQFH ZLWK0&$JXLGHOLQHVWRLQFOXGH

• QRWLILFDWLRQRIUHOHYDQWDXWKRULWLHV

• QRWLFHVWR0DULQHUV

• DVVHVVPHQWRIWKLUGSDUW\DFWLYLW\

• SURSHU1DYLJDWLRQVLJQDOV

• WHPSRUDU\6DIHW\=RQHV

• PDUNLQJRIHTXLSPHQWOHIWRQVLWH

• PDULQH&RRUGLQDWLRQRQVLWH

5HIHUHQFHVKRXOGDOVREHPDGHWRVLWHVHFXULW\ZKLFKLVGLVFXVVHGLQVHFWLRQ DQG WR ZHDWKHU ZRUNLQJ OLPLWV GLVFXVVHG LQ VHFWLRQ

'HYHORSHUVZLOODOVRQHHGWRWDNHQRWHRIWKH'RFNV5HJXODWLRQV6,QRDQGVXEVHTXHQWDPHQGPHQWVIRUKHDOWKDQGVDIHW\

UHTXLUHPHQWVZLWKUHVSHFWWRDOOGRFNRSHUDWLRQVSDUWLFXODUO\ZKHUHWKHGHYLFHLVLQWHQGHGWREHDFFHVVHGE\PHDQVRIDFRQILQHGVSDFH

HQWU\ ZKLOVW LQ SRUW WKH UHTXLUHPHQWV RI WKH &RQILQHG 6SDFHV

5HJXODWLRQVZLOOEHDSSOLHG7KH\ZLOODOVRQHHGWRHQVXUHWKDWDOOYHVVHOVHQJDJHGRQWKHSURMHFWFRPSO\ZLWKWKHUHTXLUHPHQWVRI

WKH,QWHUQDWLRQDO6KLSDQG3RUW6HFXULW\&RGH,636




'HYLFH$FFHVVDQG(JUHVV

$FFHVVWRPRVWPDULQHHQHUJ\FRQYHUWHUVRXWDWVHD LVDKLJKULVN

DFWLYLW\DQGVKRXOGQRWEHDWWHPSWHGLIRWKHUPHDQVRIFRPSOHWLQJWKHZRUNDUHSRVVLEOH

:KHQHVWDEOLVKLQJSURFHGXUHVIRUVDIHSHUVRQQHODFFHVVDQGHJUHVV

LWLVUHFRPPHQGHGWKDWFRQVLGHUDWLRQLVJLYHQWR

• 0HWRFHDQ OLPLWV IRU VDIH DFFHVV LQFOXGLQJ DFFHVV GXULQJ WKH

KRXUVRIGDUNQHVVRULQSRRUYLVLELOLW\

• 33(UHTXLUHGGXULQJDFFHVV

• PD[LPXPORDGVIRUSHUVRQQHODFFHVVLQJGHYLFH

• SHUVRQQHOWUDLQLQJ

• FRQWLQJHQF\ DUUDQJHPHQWV IRU HPHUJHQF\HJUHVV RUH[WUDFWLRQRIDFDVXDOW\LQFOXGLQJDUHKHDUVHGHPHUJHQF\UHVSRQVHSODQ

3HUVRQQHO WUDQVIHUV RIIVKRUH VKRXOG DOZD\V EH OLPLWHG WR WKRVHGHHPHGDEVROXWHO\QHFHVVDU\,WLVLPSHUDWLYHWKDWVDIHV\VWHPVRIZRUN RU PHWKRG VWDWHPHQWV IRU DFFHVV DQG HJUHVV DUH IXOO\GHYHORSHG DQG VXEMHFW WR ULJRURXV ULVN DVVHVVPHQW SULRU WR

LPSOHPHQWDWLRQ

7RZLQJ

6RPHPDULQHUHQHZDEOHGHYLFHVZLOOEHWRZHGWRDQGIURPWKHVLWHIRULQVWDOODWLRQDQGIRUVXEVHTXHQWPDLQWHQDQFHZRUNV,QDGGLWLRQ

WRZLQJRSHUDWLRQVPD\ EHUHTXLUHG GXULQJ LQVWDOODWLRQ IRU MDFN XSDQGRWKHUEDUJHVEULQJLQJSDUWVDQGHTXLSPHQWWRWKHFRQVWUXFWLRQ

VLWH

+HDOWKDQGVDIHW\FRQVLGHUDWLRQVIRUVDIHWRZLQJRSHUDWLRQVLQFOXGH

• DSSURSULDWHYHVVHOVHOHFWLRQ

• VHOHFWLRQRIWRZHTXLSPHQW

• ZHDWKHUOLPLWVDQGIRUHFDVWLQJ• VDIHSUDFWLFHVIRUOLQHKDQGOLQJ

)XUWKHUUHIHUHQFHVKRXOGEHPDGHWRWKH0HUFKDQW6KLSSLQJ&RGHRI6DIH:RUNLQJ3UDFWLFHVIRU0HUFKDQW6HDPHQ5HJXODWLRQV&KDSWHU

'LYLQJ

'LYLQJRSHUDWLRQVUHSUHVHQWDKLJKULVNWRWKHVDIHW\RIDQ\SURMHFW

DQG SDUWLFXODUO\ WKRVH WKDW DUH E\ GHILQLWLRQ FDUULHG RXW LQ KLJK

HQHUJ\ORFDWLRQVIRUZDYHDQGWLGDODFWLYLW\(YHU\HIIRUWVKRXOGEHPDGHWRµGHVLJQRXW¶GLYLQJRSHUDWLRQVIURPWKHSURMHFWDQGZKHUHSRVVLEOH 529 HTXLSPHQW VKRXOGEHXVHG LQSUHIHUHQFH WRGLYHUV

+RZHYHUWKHUHDUHVRPHZRUNVZKHUHGLYLQJRSHUDWLRQVDUHOLNHO\WREHQHFHVVDU\

'LYLQJRSHUDWLRQVVKDOODVDPLQLPXPVWDQGDUGEHFDUULHGRXWLQDFFRUGDQFH ZLWK WKH UHTXLUHPHQWV RI WKH 'LYLQJ DW :RUN5HJXODWLRQVDQGWKHDSSURSULDWH$&23,6%1




,PSRUWDQW SUDFWLFDO VWHSV WKDW FDQ EH WDNHQ WR PDQDJH WKH ULVNVDVVRFLDWHGZLWKGLYLQJRSHUDWLRQVLQFOXGH

•

VHOHFWLRQRIVXLWDEOHYHVVHO• VDIHPHWKRGIRUDFFHVVHJUHVVIURPYHVVHO

• GLYHU&RPSHWHQF\

• PDQDJHPHQWRIGLYLQJRSHUDWLRQV

• UHFRPSUHVVLRQ

• HPHUJHQF\5HVSRQVH3ODQQLQJ

:RUNLQJDWKHLJKW

$OOZRUN DW KHLJKW ZKHUH WKHUH LV D ULVN RI D IDOO OLDEOH WR FDXVHSHUVRQDOLQMXU\VKDOOEHFDUULHGRXWLQDFFRUGDQFHZLWK7KH:RUNDW

+HLJKW5HJXODWLRQV7KHUHJXODWLRQVVHWRXWDVLPSOHKLHUDUFK\IRUPDQDJLQJZRUNDWKHLJKWGXW\KROGHUVVKRXOGILUVW

• DYRLGZRUNDWKHLJKWZKHUHWKH\FDQ

• XVHZRUN HTXLSPHQWRURWKHUPHDVXUHV WRSUHYHQW IDOOVZKHUH

WKH\FDQQRWDYRLGZRUNLQJDWKHLJKW

• ZKHUH WKH\ FDQQRW HOLPLQDWH WKH ULVN RI D IDOO XVH ZRUN

HTXLSPHQW RU RWKHU PHDVXUHV WR PLQLPLVH WKH GLVWDQFH DQG

FRQVHTXHQFHVRIDIDOOVKRXOGRQHRFFXU

,IZRUN DW KHLJKW LV WREH FDUULHG RXW WKH IROORZLQJ UHTXLUHPHQWV

VKDOOEHPHW• DOOZRUNDWKHLJKWLVSURSHUO\SODQQHGDQGRUJDQLVHG

• WKRVHLQYROYHGLQZRUNDWKHLJKWDUHFRPSHWHQW

• WKHULVNVIURPZRUNDWKHLJKWDUHDVVHVVHGDQGDSSURSULDWHZRUN

HTXLSPHQWLVVHOHFWHGDQGXVHG• WKHULVNVIURPIUDJLOHVXUIDFHVDUHSURSHUO\FRQWUROOHG

• HTXLSPHQW IRU ZRUN DW KHLJKW LV SURSHUO\ LQVSHFWHG DQG

PDLQWDLQHG

(QFORVHG6SDFHV

$OO ZRUN FRQGXFWHG LQ &RQILQHG 6SDFHV VKDOO EH FDUULHG RXW LQDFFRUGDQFH ZLWK WKH &RQILQHG 6SDFHV 5HJXODWLRQV 6, 1R

ZLWKIXUWKHUJXLGDQFHJLYHQLQ6DIH:RUNLQ&RQILQHG6SDFHV

$&23 ,W VKRXOG EH QRWHG WKDW WKHVH UHJXODWLRQV DUH ZULWWHQ ZLWKRQVKRUH DFFHVV LQ PLQG 5LVN DVVHVVPHQWV VKRXOG WKHUHIRUH

KLJKOLJKW WKH LQFUHDVHG ULVNVRIIVKRUH LQFOXGLQJDFFHVVDQG HJUHVV

IURPWKHFRQILQHGVSDFHDQGWKHHIIHFWRIDQ\PRWLRQ,IZRUNLVWREHFDUULHGRXWLQDFRQILQHGVSDFHRULIWKHUHLVDULVNWKDWLQ WKHHYHQWRIDQDFFLGHQWHPHUJHQF\DFFHVV WRDFRQILQHG

VSDFHPD\EHUHTXLUHGWKHQLWLVUHFRPPHQGHGWKDWSURFHGXUHVDUH

HVWDEOLVKHGSULRUWRWKHFRPPHQFHPHQWRIZRUNVWRLQFOXGH


• UHVFXHSHUVRQQHOWUDLQLQJ

• UHVFXH(TXLSPHQW

• XVH RI ORZ YROWDJH HOHFWULFDO HTXLSPHQW UHVLGXDO FXUUHQW

GHYLFHVDQGFDEOHSURWHFWLRQWREHXVHG




/LIWLQJ

$OOOLIWLQJHTXLSPHQWPXVWEHFHUWLILHGPDLQWDLQHGDQGRSHUDWHGLQ

DFFRUGDQFH ZLWK WKH UHTXLUHPHQWV RI WKH /2/(5 DQG 38:(5UHJXODWLRQV ,W LV UHFRPPHQGHG WKDW D OLIWLQJ SODQ LV GHYHORSHGEHIRUH HDFK OLIW RU VHW RI OLIWV .H\ SUHFDXWLRQV WKDW VKRXOG EH

KLJKOLJKWHGZLWKLQWKHOLIWLQJSODQLQFOXGH

• DVVHVVPHQWRIFRPSHWHQF\DQGILWQHVVRISHUVRQQHOFDUU\LQJRXW

OLIWV

• DVVHVVPHQWRIHTXLSPHQWVXLWDELOLW\DQGFHUWLILFDWLRQ

• PHWKRGVWDWHPHQWVDQGULVNDVVHVVPHQWV

• DVVHVVPHQW RI HQYLURQPHQWDO IDFWRUV LQFOXGLQJ FRQGLWLRQ RI

WHUUDLQZHDWKHU

• FRQWLQJHQF\SODQQLQJ

• HPHUJHQF\SODQQLQJ

(OHFWULFDO6DIHW\

,WLVYLWDOWKDWYHU\FOHDUSURFHGXUHVDUHGUDZQXSZLWKUHVSHFWWR

WKHKDQGOLQJDQGLVRODWLRQRIHOHFWULFDOHTXLSPHQWGXULQJLQVWDOODWLRQ

DQGSDUWLFXODUO\GXULQJFRPPLVVLRQLQJ$Q\HOHFWULFDOLQVWDOODWLRQPXVWEHPDGHE\DQDXWKRULVHGHOHFWULFLDQ

DQG DQ\ HOHFWULFDO HTXLSPHQW LQVWDOOHGPXVW FRPSO\ ZLWK DQG EHPDLQWDLQHGWR WKHVWDQGDUGRIWKH ,QVWLWXWHRI(OHFWULFDO (QJLQHHUV

,((UHTXLUHPHQWVIRUHOHFWULFDOLQVWDOODWLRQV

3UDFWLFDOPHDVXUHV WKDWVKRXOGEHFRQVLGHUHGWRLPSURYHHOHFWULFDO

VDIHW\RQWKHVLWHLQFOXGH

• HOHFWULFDOVDIHW\WUDLQLQJ

• DXWKRULVHGSHUVRQV

• LVRODWLRQ

• VLJQDJHDQGUHVWULFWHGDUHDV

• ILUVWDLGWUDLQLQJ• XVHRIKDQGWRROV

• ILUHDQGH[SORVLRQULVNV

$QG DOVR UHIHU WR WKH(OHFWULFLW\ DW:RUN 5HJXODWLRQV6,1R

3HUVRQQHO7UDFNLQJ

3HUVRQQHOWUDFNLQJV\VWHPVVKRXOGEHLPSOHPHQWHGIRURQVKRUHDQG

RIIVKRUH FRQVWUXFWLRQ VLWHV DQG UHFRUGV NHSW LQ D PDQQHU ZKLFK

DVVLVWVLPPHGLDWHDFFHVVWRWKHGDWDLQWKHHYHQWRIDQHPHUJHQF\UHTXLULQJ UDSLG DFFRXQWLQJ RI SHUVRQQHO &RQVLGHUDWLRQ VKRXOG EHJLYHQWR SHUVRQQHOWUDFNLQJGHYLFHVIRUDOOSHUVRQQHOZRUNLQJRYHU

ZDWHUWRDLGORFDWLRQLQWKHHYHQWRIDQ02%




0DQXDO+DQGOLQJ

$OO0DQXDO+DQGOLQJRSHUDWLRQVZLWKWKHH[FHSWLRQRIWKRVHRIWKH

PDVWHU RI FUHZ RI D VKLS LQ UHVSHFW RI WKHLU QRUPDO VKLS ERDUGDFWLYLWLHV PXVW FRPSO\ ZLWK WKH 0DQXDO +DQGOLQJ 2SHUDWLRQV5HJXODWLRQV7KHVHUHJXODWLRQVSODFHDGXW\RQWKHHPSOR\HU

WRDYRLGZKHUHYHUSRVVLEOHWKHUHTXLUHPHQWIRUKD]DUGRXVPDQXDO

KDQGOLQJ RSHUDWLRQV DQG ZKHUH PDQXDO KDQGOLQJ LV UHTXLUHG WRDVVHVV WKH RSHUDWLRQ WDNH VWHSV WR UHGXFH ULVN RI LQMXU\ DQG WRVXSSO\ WKH HPSOR\HH ZLWK DSSURSULDWH LQIRUPDWLRQ DERXW WKH

RSHUDWLRQLQFOXGLQJ

• FXUUHQW JXLGDQFH RQ PDQXDO KDQGOLQJ RSHUDWLRQV LQ WKH

FRQVWUXFWLRQLQGXVWU\

• PDQXDOKDQGOLQJDVVHVVPHQWWHFKQLTXHV

• SUHYHQWLRQ DQG PDQDJHPHQW RI 06'V PXVFXORVNHOHWDO

GLVRUGHUV• PDQXDO+DQGOLQJ7UDLQLQJ&RXUVHV

3HUVRQDO3URWHFWLYH(TXLSPHQW33(

6HOHFWLRQ RI WKH DSSURSULDWH 33( VKRXOG EH GHWHUPLQHG E\ ULVNDVVHVVPHQWIRUHDFKDFWLYLW\5HTXLUHPHQWVDQG VWDQGDUGVIRU33(IRU RQVKRUH DQG RIIVKRUH DFWLYLWLHV LQFOXGH WKH XVH DQG

PDLQWHQDQFH RI RIIVKRUH VDIHW\ HTXLSPHQW VXFK DV OLIHMDFNHWVKDUQHVVHV LPPHUVLRQ VXLWV 3/%V DQG IDOO DUUHVW V\VWHPV ,W LV

LPSHUDWLYHWKDW SHUVRQQHOKDYHDSSURSULDWHWUDLQLQJ LQWKHXVHRI

WKH HTXLSPHQW SURYLGHG DQG UHIHUHQFH VKDOO EH PDGH WR WKH3HUVRQDO3URWHFWLYH(TXLSPHQWDW:RUN33(5HJXODWLRQV6,

1R

6OLSVWULSVDQGIDOOV

$FFRUGLQJ WR +6( ILJXUHV RYHU RQH WKLUG RI WKHPDMRU LQMXULHV WRHPSOR\HHVUHSRUWHGLQZHUHGXHWRVOLSVRUWULSV

µ6OLSVWULSVDQGIDOOV¶DFFLGHQWVFDQRIWHQEHSUHYHQWHGZLWKVLPSOH

PHDVXUHVLQFOXGLQJ

• PDQDJHPHQWRIWKHRYHUDOORUGHUDQGFOHDQOLQHVVRIWKHVLWH

• XVHRIDSSURSULDWHQRQVOLSPDWHULDOVIRRWZHDUDQGKDQGUDLOV• ZRUNLQJDUHDVFOHDURIREVWDFOHVDQGZDVWH




2QVKRUH:RUNV

2QVKRUHZRUNVWKDWPD\EHUHTXLUHGIRULQVWDOODWLRQRIPDULQHJHQHUDWRUV

LQFOXGH

• HVWDEOLVKPHQWRITXD\VLGHEDVHIRUSDUWVDQGHTXLSPHQWORDGRXW

• FDEOHVKRUHODQGLQJVDQGEXULDO

• LQVWDOODWLRQRIVXEVWDWLRQDQG*ULG&RQQHFWLRQZRUNV

6DIHSODQQLQJRIWKHVHDFWLYLWLHVZLOOLQFOXGH

• DVVHVVPHQWRIORDGOLPLWVRIWKHTXD\

• DVVHVVPHQW RI TXD\ VSDFH UHTXLUHG IRU VDIH KDQGOLQJ RI SDUWV DQGHTXLSPHQW

• HVWDEOLVKPHQWRIVDIHWHPSRUDU\IDFLOLWLHV

• DVVHVVPHQWRIJURXQGFRQGLWLRQVDQGDQ\SUHYLRXVODQGXVHWKDWFRXOG

DIIHFWFDEOHVDQGVXEVWDWLRQLQVWDOODWLRQ• HOHFWULFDOVDIHW\UXOHVDQGUHJXODWLRQV

6DIHW\6LJQV

6LJQDJHVKRXOGPHHWWKHPLQLPXPUHTXLUHPHQWVRIWKH+HDOWKDQG6DIHW\

6DIHW\6LJQVDQG6LJQDOV5HJXODWLRQV

7KHVH UHJXODWLRQV UHTXLUH WKH HPSOR\HU WR SURYLGH VSHFLILF VDIHW\ VLJQV

ZKHQHYHUWKHUHLVDULVNWKDWKDVQRWEHHQDYRLGHGRUFRQWUROOHGE\RWKHUPHDQV

&KHPLFDOVDQG6XEVWDQFHV

&26++ DVVHVVPHQWV DUH D UHTXLUHPHQW RI WKH &RQWURO RI 6XEVWDQFHV+D]DUGRXV WR +HDOWK 5HJXODWLRQV IRU DOO VXEVWDQFHV DQG PDWHULDOV

XVHGGXULQJLQVWDOODWLRQDQGFRPPLVVLRQLQJZKLFKPD\SUHVHQWKHDOWKDQG

VDIHW\KD]DUGV)XUWKHULWLVUHFRPPHQGHGWKDW

• DUHJLVWHURIDOOKD]DUGRXVVXEVWDQFHVEURXJKWRQWRVLWHLVPDLQWDLQHG

DFFRPSDQLHGE\WKH06'6DQG&26++ULVNDVVHVVPHQW

• VSHFLILFDWLRQRI ILUVWDLG IDFLOLWLHVVKRXOG WDNHQLQWRDFFRXQW WKHQDWXUH

RIDQ\VXEVWDQFHVXVHG7KHUHDUHERWKOHJLVODWLYHUHTXLUHPHQWVDQGJRRGLQGXVWU\SUDFWLFHIRUWKH

VWRUDJH RI KD]DUGRXV VXEVWDQFHV &RQVLGHUDWLRQ VKRXOG EH JLYHQ WR

SUHYHQWLRQ RI HPHUJHQF\ SURFHGXUH IRU VSLOODJHV RI FKHPLFDOV DQGVXEVWDQFHV LQWR WKH ZDWHU ZKLFK FRXOG KDYH KDUPIXO HIIHFWV RQ WKHHQYLURQPHQWRUOHDGWRDPDULQHSROOXWLRQLQFLGHQW(PHUJHQF\SURFHGXUHVVKRXOGDGGUHVVVSLOODJH DQG DQ\ RWKHU HPHUJHQF\ SUHVHQWHG IURP VXFK

VWRUDJH)LQDOO\WKHGHYHORSHUZLOOQHHGWRFRQVLGHUWKHVWRUDJHKDQGOLQJDQGXVH

RIDQ\H[SORVLYHR[LGLVLQJRUIODPPDEOH VXEVWDQFHVLQFRQIRUPDQFHZLWK

WKH'DQJHURXV6XEVWDQFHVDQG([SORVLYH$WPRVSKHUHV5HJXODWLRQV




6HFXULW\

6LWHVHFXULW\DUUDQJHPHQWVERWKRQVKRUHDQGRIIVKRUHSOD\DQLPSRUWDQW

UROHLQSUHYHQWLQJDFFHVVE\XQDXWKRULVHGSHUVRQVZKRFRXOGFDXVHKDUPWRWKHPVHOYHVRUWRSURMHFWSHUVRQQHORUHTXLSPHQW

2FFXSDWLRQDO+HDOWK

2FFXSDWLRQDO KHDOWK ULVNV DQG UHTXLUHPHQWV VKDOO GHSHQG RQ WKH ZRUNXQGHUWDNHQ%RWK VKDOOEH GHILQHGGXULQJULVNDVVHVVPHQWVSHFLILFWRWKH

RSHUDWLRQ LQYROYHG 2UJDQLVDWLRQV VKRXOG HQVXUH WKH\ KDYH DSSURSULDWHSURFHGXUHVHVWDEOLVKHGWKDWGHILQH• DQ\UHTXLUHPHQWVIRUDSUHHPSOR\PHQWPHGLFDO• DQ\OHJDOUHTXLUHPHQWVIRUKHDOWKVXUYHLOODQFH

• DQ\ORFDOPLQLPXPVWDQGDUGVIRUH[DPSOHILWQHVVH\HVLJKWKHDULQJFRORXUEOLQGQHVV

• SURSHUDUUDQJHPHQWVIRUKHDOWKUHFRUGV IRUH[DPSOHFRQILGHQWLDOLW\

• DSSURSULDWHPHGLFDOVIRUSHUVRQQHOZRUNLQJRIIVKRUH

0HGLFDO)DFLOLWLHVDQG)LUVWDLG

$ULVNDVVHVVPHQWZLOOGHWHUPLQHWKHDSSURSULDWHOHYHORIPHGLFDOWUHDWPHQWIDFLOLWLHVIRUHDFKFRQVWUXFWLRQVLWHGHILQHGDV

• PHGLFDOWUHDWPHQWURRPRUVSDFH

• PHGLFLQHVDQGWUHDWPHQWFRQVXPDEOHV

• PHGLFDOWUHDWPHQWHTXLSPHQW

• SHUVRQVZLWKPHGLFDOWUDLQLQJ

7KHUHTXLUHPHQWVRIWKH+HDOWKDQG6DIHW\)LUVW$LG5HJXODWLRQVZLOODVVLVWLQGHILQLQJWKHDSSURSULDWHDUUDQJHPHQWVIRUWKHVLWH

(PHUJHQF\5HVSRQVH3ODQQLQJ

$VLWH(PHUJHQF\5HVSRQVH3ODQ 3URMHFW(53VKRXOGEH LQSODFHGXULQJWKH &RQVWUXFWLRQ SKDVH ZLWK DSSURSULDWH DGGLWLRQV RU DGMXVWPHQWV IRUVSHFLILF RU µRQH RII¶ RSHUDWLRQV :KHUH VXEFRQWUDFWRUV DUH LQYROYHG WKH

SODQ VKRXOG GHWDLO µEULGJLQJ¶ DUUDQJHPHQWV EHWZHHQ WKH (PHUJHQF\

5HVSRQVH3ODQVRILQGLYLGXDOFRQWUDFWRUVDQGSDUWLFXODUO\LQGLYLGXDOYHVVHOV

HQJDJHG 2SHUDWRUV DQG GHYHORSHUV DUH UHTXLUHG WR XVH WKH 0&$¶V µ(PHUJHQF\ 5HVSRQVH &RRSHUDWLRQ 3ODQ (5&RS¶ LQ IRUPXODWLQJ WKHLUHPHUJHQF\UHVSRQVHSODQVDQGVLWH6DIHW\0DQDJHPHQW6\VWHPV

:KHQ GHYHORSLQJ WKH (53 FRQVLGHUDWLRQ RI WKH UHPRWHQHVV RI WKH VLWHORFDWLRQDQG WKH H[WUHPH ORFDOFRQGLWLRQVGLFWDWHG E\ WKH QDWXUHRI WKH

GHYLFH ZDYH RU WLGDO HQHUJ\ DQG WKH UHVSRQVH WLPHV RI HPHUJHQF\VHUYLFHVVKRXOGEHPDGHDQGDSSURSULDWHDUUDQJHPHQWVLHHTXLSPHQWDQGWUDLQHG SHUVRQQHOSURYLGHG WRHQVXUHVHOI VXIILFLHQF\ DQGSUHVHUYDWLRQRI

OLIHXQWLOHPHUJHQF\VHUYLFHVDUHLQDWWHQGDQFH

7KHVHSODQVVKRXOGEHGLVFXVVHGZLWKWKH0&$DQGWKHUHOHYDQW05&&




(PHUJHQF\5HVSRQVH3ODQVVKRXOGLQFOXGH

• HPHUJHQF\FRQWDFWGHWDLOVIRUDOOLQWHUQDODQGH[WHUQDOSDUWLHVLQYROYHG

LQWKHZRUNV• YHVVHOFRQWDFWGHWDLOV

• WKLUGSDUW\HPHUJHQF\VHUYLFHFRQWDFWGHWDLOV

• HPHUJHQF\&RPPXQLFDWLRQVSURFHGXUHV

• HPHUJHQF\ UHVSRQVH LQLWLDO DFWLRQV IORZFKDUW IRU HPHUJHQFLHV WKDW

FRXOGEHDQWLFLSDWHGLQFOXGLQJ

o PDQRYHUERDUG

o HQFORVHG6SDFHHPHUJHQFLHVDQGHYDFXDWLRQSURFHGXUHV

o HPHUJHQF\VKXWGRZQRIHQHUJLVHGHTXLSPHQW

o IDLOHGOLIWLQJRSHUDWLRQVo ILUH

o VLFNQHVV

o LQMXU\

o

YHVVHOFROOLVLRQJURXQGLQJSXQFKWKURXJKo YHVVHOVQRWXQGHUFRPPDQG

o SROOXWLRQ

o VHFXULW\

o H[WUHPHZHDWKHU

o GLYLQJHPHUJHQFLHVLIDSSOLFDEOH

• VWDWXWRU\UHSRUWLQJUHTXLUHPHQWV

• WUDLQLQJDQGGULOOVUHTXLUHPHQWV

,WLVUHFRPPHQGHGWKDWH[HUFLVHVDUHUHJXODUO\XQGHUWDNHQWRYDOLGDWHWKH(53 DQG WR HQVXUH WKDW RSHUDWLRQV VWDII DUH IDPLOLDU ZLWK LW ,W LV

SDUWLFXODUO\ LPSRUWDQW WR HQJDJH ORFDO HPHUJHQF\ VHUYLFHV LQFOXGLQJ

PHGLFDO IDFLOLWLHV LQXQGHUVWDQGLQJ WKHSRWHQWLDO QHHGVRIWKHSURMHFWDQG

WKHHQYLURQPHQWDOFRQGLWLRQVXQGHUZKLFKWKH\PD\EHDVNHGWRDVVLVW 5HSRUWLQJDQG,QYHVWLJDWLRQRI$FFLGHQWVDQG,QFLGHQWV

6WDWXWRU\ UHTXLUHPHQWV IRU WKH UHSRUWLQJ RI PDMRU DFFLGHQWV GDQJHURXVRFFXUUHQFHV DQG GLVHDVHV DUH VSHFLILHG XQGHU VFKHGXOHV DQG RI

5,''25127(3DUWRIVFKHGXOHLGHQWLILHVVSHFLILFRIIVKRUHGDQJHURXV

RFFXUUHQFHVZKLFKDUHWREHUHSRUWHG

,WLVUHFRPPHQGHGWKDWDSURFHGXUHLVHVWDEOLVKHGIRUWKHUHSRUWLQJRIDQ\LQFLGHQWV DFFLGHQWV DQG QHDU PLVVHV IRU WKH SURMHFW DQG WKDW DOOFRQWUDFWRUV DUH UHTXLUHG WR SDUWLFLSDWH LQ WKH UHSRUWLQJ 3URSHU

LQYHVWLJDWLRQ RI LQGLYLGXDO HYHQWV KDV EHHQ SURYHQ WR GHOLYHU VDIHW\

LPSURYHPHQWVZKLOVW WUHQGDQDO\VLVFDQOHDGWR WKH LGHQWLILFDWLRQRI URRWFDXVHVZKLFKFDQDJDLQGHOLYHUVLJQLILFDQWLPSURYHPHQWVLQSURMHFWVDIHW\$OODFFLGHQWVLQFLGHQWVDQGQHDUPLVVHVPXVWEHLQYHVWLJDWHG

,QJHQHUDO WKRVH ZKLFK KDYH D KLJKDFWXDO RU SRWHQWLDO VHYHULW\ VKRXOGKDYH D JUHDWHU LQGHSWK LQYHVWLJDWLRQ WKDQ WKRVH ZKLFK GLG QRW 7KHSRWHQWLDOWKDWDQDFFLGHQWRULQFLGHQWKDGWRKDUPRUGDPDJHLVWKHIDFWRUWR EH XVHG WR GHWHUPLQH D VXLWDEOH OHYHO RI LQYHVWLJDWLRQ DQG XVH RI

UHVRXUFHV




$VEXLOWGDWDDQGWKH+HDOWKDQG6DIHW\)LOH

&'0UHJXODWLRQVUHTXLUHWKHSXEOLFDWLRQRID+HDOWKDQG6DIHW\)LOHIRUWKH

LQVWDOODWLRQRQFRPSOHWLRQRIWKHZRUNV7KLVLVDYHU\LPSRUWDQWGRFXPHQWIRU WKHRQJRLQJRSHUDWLRQDQGPDLQWHQDQFHRIWKHVLWHVLQFHLW LQFOXGHV

VSHFLILF LQIRUPDWLRQ DERXW WKH NH\KD]DUGVDQGULVNVDVVRFLDWHGZLWK WKHLQVWDOODWLRQ WKDW VKRXOG EH WDNHQ WR DFFRXQW LQ DQ\ IXWXUH ZRUNV EHLQJ

SODQQHG 7KH +HDOWK DQG 6DIHW\ )LOH VKRXOG EH XSGDWHG WR UHIOHFW DQ\

FKDQJHVWRWKHLQVWDOODWLRQGXULQJWKHSURMHFWOLIHWLPH

,WVKRXOGLQFOXGH

• DVEXLOWGUDZLQJVRIDOOLQVWDOOHGHTXLSPHQW• NH\VDIHW\KD]DUGVDIIHFWLQJIXWXUHZRUNV

• RWKHULQIRUPDWLRQUHOHYDQWWRWKHVDIHW\RIIXWXUHZRUNV

7KH ILOHZLOO IRUPSDUW RIWKH NH\ LQIRUPDWLRQ UHTXLUHG E\ IXWXUH&OLHQWV'HVLJQHUV&'0&RRUGLQDWRUVDQG3ULQFLSDO&RQWUDFWRUVWRFDUU\RXWIXWXUH

PDLQWHQDQFHRUFRQVWUXFWLRQZRUNRQWKHLQVWDOODWLRQ




2SHUDWLRQDQG0DLQWHQDQFH

,QWURGXFWLRQ

7KH2SHUDWLRQVDQG0DLQWHQDQFHSKDVHRIWKHSURMHFWVOLIHF\FOHZLOOEHLWV

ORQJHVW,WLVOLNHO\WRLQYROYHVLPLODUDFWLYLWLHVWRWKRVHDGGUHVVHGLQVHFWLRQ DQG DOVR WKHUHIRUH UHSUHVHQWV D KLJK ULVN SKDVH IRU WKH SURMHFW 7KHRSHUDWLRQVDQGPDLQWHQDQFHRIWKHLQVWDOODWLRQZKHWKHULQGLYLGXDOGHYLFH

RUDUUD\VKRXOGEHFRQVLGHUHGLQGHWDLODWWKHGHVLJQVWDJHVRWKDWXQVDIH

SUDFWLFHV DUH QRW µGHVLJQHG LQ¶ 'XULQJ WKH 2SHUDWLRQV DQG 0DLQWHQDQFHSKDVHVPDOOHUFUHZVDQGYHVVHOVZLOOEHXWLOLVHGDQGVSHFLDOFRQVLGHUDWLRQLV

UHTXLUHG HQVXULQJ VXLWDEOH FRQWLQJHQFLHV DUH LQ LPSOHPHQWHG IRU DOO

RSHUDWLRQVWREHFDUULHGRXWVDIHO\3URDFWLYHPDQDJHPHQW LQPDLQWDLQLQJ D VWURQJ KHDOWK DQGVDIHW\FXOWXUH

IURPWKHVWDUWLVDNH\IDFWRULQJHWWLQJDOOSHUVRQQHOWRDFFHSWRZQHUVKLSRI

+HDOWK DQG 6DIHW\ SHUIRUPDQFH $ IXOO VLWH 6DIHW\ 0DQDJHPHQW 6\VWHPVXFKDVWKDWGLVFXVVHGLQ6HFWLRQVKRXOGEHLQSODFHIRUWKHOLIHWLPHRIWKH LQVWDOODWLRQ DQG VKRXOG EH XSGDWHG DQG DPHQGHG DV DSSURSULDWH

5HJXODU UHSRUWLQJ RI DFFLGHQWV LQFLGHQWV DQG QHDU PLVVHV VKRXOG EHHQFRXUDJHGDQG FRUUHFWLYHDFWLRQV LGHQWLILHG)XUWKHU LW LV UHFRPPHQGHGWKH µ6DIH6\VWHPVRI:RUN¶DUHGHYHORSHGZLWKLQWKH6DIHW\0DQDJHPHQW

6\VWHP IRUDOO UHJXODU2SHUDWLRQVDQG 0DLQWHQDQFHDFWLYLWLHV SDUWLFXODUO\

WKRVH LQYROYLQJ KLJK YROWDJH HOHFWULFDO HTXLSPHQW ZLWK 3HUPLW WR :RUNVFKHPHVZKHUHDSSURSULDWH

$ 6DIHW\ 2IILFHU UHVSRQVLEOH IRU PDLQWDLQLQJ VDIHW\ VWDQGDUGV

GRFXPHQWDWLRQUHSRUWLQJDQGLPSURYHPHQWVVKRXOGEHDSSRLQWHG

0DQ\RI WKHVDIHW\FRQVLGHUDWLRQVDQG ULVNPLWLJDWLRQPHDVXUHVGLVFXVVHG

LQVHFWLRQDUHDOVRDSSOLFDEOHWRWKH2SHUDWLRQVDQG0DLQWHQDQFHSKDVHDQGDUHOLVWHGDJDLQ IRUFRQYHQLHQFHZLWKIXUWKHUGLVFXVVLRQ RISDUWLFXODULQWHUHVWWRWKLVVHFWLRQZKHUHUHOHYDQW

$OOPDMRUPDLQWHQDQFHDFWLYLWLHVVKDOO IDOO XQGHUWKH &RQVWUXFWLRQ'HVLJQ

DQG0DQDJHPHQW5HJXODWLRQVKRZHYHUWKHH[WHQWRIFRPSOLDQFHWRWKHVHUHJXODWLRQVVKDOOGHSHQGXSRQDPRXQWRIWLPHUHTXLUHGWRFRPSOHWH

WKHZRUN)RU H[DPSOH LIWKHZRUNZLOO WDNH ORQJHUWKDQ GD\VRU

SHUVRQ GD\V WR FRPSOHWH WKH ZRUN LV QRWLILDEOH DQG WKH ZKROH RI WKHUHJXODWLRQVSDUWVVKDOOEHUHTXLUHGWREHFRPSOLHGZLWKLIKRZHYHU WKH ZRUN LV QRW H[SHFWHG WR WDNH RU H[FHHG WKH WLPHVFDOHV IRU

QRWLILFDWLRQRQO\SDUWVDQGRIWKHUHJXODWLRQVVKRXOGEHFRPSOLHGZLWK

:KHQGHILQLQJWKHPDLQWHQDQFHDFWLYLWLHVWREHXQGHUWDNHQFRQVLGHUDWLRQ

VKRXOGEHJLYHQWRWKHGHVLJQULVNDQDO\VLV LQSDUWLFXODU WKH)DLOXUH0RGH

(IIHFW $QDO\VLV 7KLV SURFHVV VKDOO KDYH GHILQHG WKH IDLOXUH PRGHV DQGIUHTXHQFLHVRIFRPSRQHQWVDQGV\VWHPIDLOXUHZKLFKPD\RFFXUGXULQJWKH

OLIHF\FOHRIWKHGHYLFH)URPWKLVDFOHDUXQGHUVWDQGLQJRIIDLOXUHVHQVLWLYH

FRPSRQHQWV PD\ EH LGHQWLILHG FULWLFDOLW\ RI WKH IDLOXUH RI VSHFLILFFRPSRQHQWV DQG NQRZQ IUHTXHQFLHV RI IDLOXUH VKDOO KHOS WR LGHQWLI\ WKHIUHTXHQF\ RI PDLQWHQDQFH LQWHUYHQWLRQ WKXV IRUPLQJ WKH EDVLV RI D

SURJUDPPHRISODQQHGSUHYHQWLYHPDLQWHQDQFHLQVSHFWLRQDQGWHVWLQJ

'HYHORSHUV VKRXOG DOVR FRQVLGHU XQSODQQHG LQWHUYHQWLRQ DIWHU H[WUHPHHYHQWVVXFKDVH[WUHPHZDYHFRQGLWLRQVWLGDOVXUJHVDQGRUH[FHSWLRQDOO\




KLJK ZLQGV HWF WR HQVXUH WKH LQWHJULW\ RI WKH GHYLFH KDV QRW EHHQFRPSURPLVHG

3HUIRUPDQFH LQIRUPDWLRQFROOHFWHG GXULQJ WKH LQVWDOODWLRQ FRPPLVVLRQLQJ

RSHUDWLRQDQGPDLQWHQDQFHVWDJHVVKRXOGEHIHHGEDFNWR WKHGHVLJQHUVRWKH\PD\UHYLHZWKHGDWDDQGSHUIRUPWKHLULQVHUYLFHGHVLJQYDOLGDWLRQ

WRFRQILUPWKHLUGHVLJQV³ZRUNLQSUDFWLFH´7KLVGDWDZLOOW\SLFDOO\LQFOXGH

• RSHUDWLRQDOSHUIRUPDQFHGDWD

• PDLQWHQDQFHLQVSHFWLRQUHSRUWV• VHUYLFHUHSRUWV

• QRQFRQIRUPLWLHV• LPSURYHPHQWVVXJJHVWLRQV

3ODQQLQJ&RPPXQLFDWLRQ&RRUGLQDWLRQ

(IIHFWLYHSODQQLQJFRPPXQLFDWLRQDQGFRRUGLQDWLRQRISURMHFWKHDOWKDQG

VDIHW\JRDOVUXOHVDQGUHTXLUHPHQWVWKURXJKRXWWKHZRUNLQJOLIHWLPHRIWKH

LQVWDOODWLRQFDQ JRD ORQJ ZD\ LQSUHYHQWLQJDFFLGHQWV 7KLV VHFWLRQ ZLOOKLJKOLJKW

• SURMHFW RUJDQLVDWLRQDO VWUXFWXUH DQG LGHQWLILFDWLRQ RI +6 UROHV DQG

UHVSRQVLELOLWLHV

• FRPPXQLFDWLRQ±FRPPXQLFDWLRQZLWKWKLUGSDUWLHVDQGRWKHUVLWHXVHUV

FRPPXQLFDWLRQZLWKWKHSXEOLF• FRPPXQLFDWLRQ/LQNVRQVKRUHRIIVKRUHDQGVKLSWRVKRUH

• PDQDJHPHQW RI+HDOWKDQG6DIHW\ LVVXHVWKURXJKRXW WKHZRUNLQJ OLIH

WLPHRIWKHLQVWDOODWLRQ

'RFXPHQWDU\&RQWURODQG5HFRUG.HHSLQJ20

,Q DGGLWLRQ WR WKH UHTXLUHPHQWV GHWDLOHG XQGHU VHFWLRQ DGGLWLRQDO

GRFXPHQWDWLRQVKDOOEHUHTXLUHGDQGUHFRUGVPDGHWRFROOHFWGDWDRQWKHRSHUDWLRQDO SHUIRUPDQFH RI WKH GHYLFHV 0DLQWHQDQFH UHFRUGV VKDOO EH

UHTXLUHG WR EH PDLQWDLQHG IRU HDFK GHYLFH XVXDOO\ LQ WKH IRUP RI D

PDLQWHQDQFH UHFRUG ORJ GHWDLOLQJ DOO FKHFNV PDGH DQG PDLQWHQDQFHSHUIRUPHGRQWKHGHYLFHWKURXJKRXWLWVOLIHF\FOH7KH+HDOWK6DIHW\)LOH

VKDOO UHTXLUH WR EH XSGDWHG ZLWK VSHFLILF LQIRUPDWLRQ UHODWLQJ WR WKHVWUXFWXUH VKRXOG GXULQJ WKH PDLQWHQDQFH SKDVHV WKHUH DUH VLJQLILFDQWFKDQJHVWRWKHVWUXFWXUHDQGRUGHYLFHDJDLQIXUWKHUGHWDLOVDUHFRQWDLQHG

ZLWKLQWKH$&23/




7\SLFDO SURMHFW GRFXPHQWDWLRQZKLFKZLOO UHTXLUH WREH FRQWUROOHGGXULQJWKH2SHUDWLRQVDQG0DLQWHQDQFHSKDVHVKDOOLQFOXGH

•

3URMHFW +HDOWK 6DIHW\ 0DQDJHPHQW 6\VWHP SURFHGXUHV DQGGRFXPHQWDWLRQ

• &RQVWUXFWLRQ3KDVH3ODQV0DLQWHQDQFH3KDVH3ODQV

• 'UDZLQJV

• 6SHFLILFDWLRQV

• 0HWKRG6WDWHPHQWV

• 5LVN$VVHVVPHQWV

• 7HVW&RPPLVVLRQLQJ5HSRUWV• 7UDLQLQJ5HFRUGVDQG&HUWLILFDWLRQ

• (TXLSPHQW&HUWLILFDWLRQ• 0DLQWHQDQFH5HFRUG/RJV

6DIH6\VWHPVRI:RUN

7KH 6DIHW\ 0DQDJHPHQW 6\VWHP IRU WKH SURMHFW ZLOO EH VLJQLILFDQWO\

GHYHORSHGE\WKLVVWDJHEXW LWLV LPSRUWDQWWRHQVXUH WKDWWKHUHDUHVDIH

V\VWHPV RI ZRUN LQ SODFH LQFOXGLQJ 3HUPLW WR :RUN V\VWHPV ZKHUHDSSURSULDWHIRUWKHUHJXODUPDLQWHQDQFHDFWLYLWLHVDQGIRUWKLUGSDUWLHVRU

WKHJHQHUDOSXEOLF

:ULWWHQ µ6DIH 6\VWHPV RI :RUN¶ RU µ0HWKRG 6WDWHPHQWV¶ DUH XVHG WR

GHVFULEH LQGHWDLO WKH LQGLYLGXDO WDVNV WREHFDUULHGRXW GXULQJ2SHUDWLRQ

DQG0DLQWHQDQFH DFWLYLWLHVDQG WR OLVW WKHULVNPLWLJDWLRQPHDVXUHV WREHWDNHQ $Q\ UHVLGXDO ULVNV WKDW VKRXOG EH SURSHUO\ FRQWUROOHG GXULQJ WKH

ZRUNVDUHDOVRKLJKOLJKWHG

6DIH6\VWHPVRI:RUNVKRXOGEHSUHSDUHGE\WKHVLWHRZQHURURSHUDWRURULI SUHSDUHG E\ D VXEFRQWUDFWRU IRU VSHFLILF DUHDV RI ZRUN VKRXOG EHDSSURYHGE\WKHRSHUDWRU

,QIRUPDWLRQ&RQVXOWDWLRQ7UDLQLQJDQG6XSHUYLVLRQ

*HQHUDOGXWLHVRIWKHHPSOR\HUXQGHUWKH+HDOWKDQG6DIHW\DW:RUNHWF

$FW LQFOXGH WKH SURYLVLRQ RI LQIRUPDWLRQ WUDLQLQJ DQG VXSHUYLVLRQQHFHVVDU\WRHQVXUHHPSOR\HHVFRQWUDFWRUVRUYLVLWRUV¶KHDOWKDQGVDIHW\

LQWKHZRUNSODFH$OO SHUVRQQHO VKRXOG EH JLYHQ D VLWH VDIHW\ LQGXFWLRQ EHIRUH EHLQJ

DXWKRULVHG WR HQWHULQJ DQ\ RI WKH SURMHFW VLWHV 7KH FRQWHQWV RI WKH

LQGXFWLRQZLOOYDU\DFFRUGLQJWRWKHQDWXUHRIWKHVLWHDQGZKHWKHULWLVRQRURIIVKRUH 7UDLQLQJ UHTXLUHPHQWV IRUVSHFLILF ORFDWLRQVRU WDVNVVKRXOGDOVREHLGHQWLILHGWRLQFOXGH

• PLQLPXPUHTXLUHPHQWVIRUJHQHUDOVDIHW\LQGXFWLRQV• PLQLPXP DSSURSULDWH VDIHW\ LQGXFWLRQV DQG WUDLQLQJ IRU SHUVRQQHO

ZRUNLQJRIIVKRUH

• DVVHVVPHQWRIVNLOOVUHTXLUHPHQWVIRUVSHFLILFMREV

• WUDLQLQJ0DWULFHV

• WRRO%R[WDONV$SSURSULDWH SURYLVLRQ VKRXOG EH PDGH IRU WKH UHTXLUHPHQWV RI WKH

PDQDJHPHQWRI+HDOWKDQG6DIHW\DW:RUN5HJXODWLRQV




0DLQWHQDQFH3ODQQLQJ

3ODQQHG SUHYHQWLYH PDLQWHQDQFH VKRXOG ZKHUHYHU SRVVLEOH WDNH SODFH

GXULQJWKHVXPPHUPRQWKVZKHQERWKVDIHW\DQGVFKHGXOHULVNVDUHDVORZDVSRVVLEOH)XUWKHUFRQVLGHUDWLRQVKRXOGEHJLYHQWRVSHFLILFSUHYHQWDWLYH

PDLQWHQDQFHRIHTXLSPHQWGXULQJWKHVXPPHUPRQWKVWKDWFRXOGPLQLPLVHWKHUHTXLUHPHQWIRUXQSODQQHGPDLQWHQDQFHGXULQJWKHZLQWHUPRQWKV

7KH UHGXFWLRQ LQVHD WHPSHUDWXUHVGXULQJ WKHZLQWHUPRQWKVVLJQLILFDQWO\UHGXFHWKHVXUYLYDOWLPHV LQPDQRYHUERDUGVLWXDWLRQVDQGFRQVLGHUDWLRQ

VKRXOG EH JLYHQ WR WKLV ZKHQ SODQQLQJ ZLQWHU PDLQWHQDQFH DFWLYLWLHVSDUWLFXODUO\ZLWKUHVSHFWWR• ZHDWKHUZRUNLQJOLPLWV

• QLJKWZRUNLQJ

• 33(

•

HPHUJHQF\SURFHGXUHV

6DIH:RUNLQJ3UDFWLFHV

6LWH$FFHVVDQG5RDG6DIHW\2QVKRUH

$FFHVV WR RQVKRUH IDFLOLWLHV VKRXOG EH PDQDJHG WR HQVXUH WKHVDIHW\ RI SURMHFW SHUVRQQHO DQG WKH SXEOLF DOLNH 7KLV ZLOO EH

SDUWLFXODUO\ LPSRUWDQW IRU DQ\ VKRUH EDVHG VXEVWDWLRQV DQG *ULG

FRQQHFWLRQIDFLOLWLHV

$Q RQVKRUH 7UDQVSRUW 3ROLF\ LV UHFRPPHQGHG IRU DOO YHKLFOH

RSHUDWLRQV

6LWH$FFHVVDQG1DYLJDWLRQDO6DIHW\2IIVKRUH

$OOPRYHPHQWVXQGHUWKHFRQWURORIWKH6LWH2SHUDWRUVKDOOEHWKH

VXEMHFWRISDVVDJHSODQVLQDFFRUGDQFHZLWK0&$JXLGHOLQHV

• QRWLILFDWLRQRIUHOHYDQWDXWKRULWLHV

• QRWLFHVWR0DULQHUV

• DVVHVVPHQWRIWKLUGSDUW\DFWLYLW\

• SURSHU1DYLJDWLRQVLJQDOV

• WHPSRUDU\6DIHW\=RQHV

• PDUNLQJRIHTXLSPHQWOHIWRQVLWH

• PDULQH&RRUGLQDWLRQRQVLWH

5HIHUHQFHVKRXOGDOVREHPDGHWRVLWHVHFXULW\ZKLFKLVGLVFXVVHGLQVHFWLRQ DQG WR ZHDWKHU ZRUNLQJ OLPLWV GLVFXVVHG LQ VHFWLRQ

'HYHORSHUVZLOODOVRQHHGWRWDNHQRWHRIWKH'RFNV5HJXODWLRQV6,QRDQGVXEVHTXHQWDPHQGPHQWVIRUKHDOWKDQGVDIHW\

UHTXLUHPHQWVZLWKUHVSHFWWRDOOGRFNRSHUDWLRQVSDUWLFXODUO\ZKHUH

WKHGHYLFHLVLQWHQGHGWREHDFFHVVHGE\PHDQVRIDFRQILQHGVSDFHHQWU\ZKLOVWLQSRUW7KH\ZLOODOVRQHHGWRHQVXUH WKDWDOO YHVVHOVHQJDJHG RQ WKH SURMHFW FRPSO\ ZLWK WKH UHTXLUHPHQWV RI WKH,QWHUQDWLRQDO6KLSDQG3RUW6HFXULW\&RGH,636&




'HYLFH$FFHVV(JUHVV

$FFHVVWRPRVWPDULQHHQHUJ\FRQYHUWHUVRXWDWVHD LVDKLJKULVN

DFWLYLW\DQGVKRXOGQRWEHDWWHPSWHGLIRWKHUPHDQVRIFRPSOHWLQJWKHZRUNDUHSRVVLEOH

:KHQHVWDEOLVKLQJSURFHGXUHVIRUVDIHSHUVRQQHODFFHVVDQGHJUHVV

LWLVUHFRPPHQGHGWKDWFRQVLGHUDWLRQLVJLYHQWR

• PHWRFHDQ OLPLWV IRU VDIH DFFHVV LQFOXGLQJ DFFHVV GXULQJ WKH

KRXUVRIGDUNQHVVRULQSRRUYLVLELOLW\• 33(UHTXLUHGGXULQJDFFHVV

• PD[LPXPORDGVIRUSHUVRQQHODFFHVVLQJGHYLFH• SHUVRQQHOWUDLQLQJ

• FRQWLQJHQF\ DUUDQJHPHQWV IRU HPHUJHQF\HJUHVV RUH[WUDFWLRQRIDFDVXDOW\LQFOXGLQJDUHKHDUVHGHPHUJHQF\UHVSRQVHSODQ

3HUVRQQHO WUDQVIHUV RIIVKRUH VKRXOG DOZD\V EH OLPLWHG WR WKRVH

GHHPHGDEVROXWHO\QHFHVVDU\,WLVLPSHUDWLYHWKDWVDIHV\VWHPVRI

ZRUN RU PHWKRG VWDWHPHQWV IRU DFFHVV DQG HJUHVV DUH IXOO\GHYHORSHG DQG VXEMHFW WR ULJRURXV ULVN DVVHVVPHQW SULRU WR

LPSOHPHQWDWLRQ

:RUNLQJDWKHLJKW

$OOZRUN DW KHLJKW ZKHUH WKHUH LV D ULVN RI D IDOO OLDEOH WR FDXVHSHUVRQDOLQMXU\VKDOOEHFDUULHGRXWLQDFFRUGDQFHZLWK7KH:RUNDW

+HLJKW5HJXODWLRQV7KHUHJXODWLRQVVHWRXWDVLPSOHKLHUDUFK\

IRUPDQDJLQJZRUNDWKHLJKWGXW\KROGHUVVKRXOGILUVW

• DYRLGZRUNDWKHLJKWZKHUHWKH\FDQ

• XVH ZRUN HTXLSPHQWRURWKHUPHDVXUHV WRSUHYHQW IDOOVZKHUH

WKH\FDQQRWDYRLGZRUNLQJDWKHLJKW

• ZKHUH WKH\ FDQQRW HOLPLQDWH WKH ULVN RI D IDOO XVH ZRUNHTXLSPHQW RU RWKHU PHDVXUHV WR PLQLPLVH WKH GLVWDQFH DQG

FRQVHTXHQFHVRIDIDOOVKRXOGRQHRFFXU

,I ZRUN DW KHLJKW LV WR EH FDUULHG RXW WKH IROORZLQJ VKDOO EH

UHTXLUHPHQWVVKRXOGEHPHW

• DOOZRUNDWKHLJKWLVSURSHUO\SODQQHGDQGRUJDQLVHG

• WKRVHLQYROYHGLQZRUNDWKHLJKWDUHFRPSHWHQW

• WKHULVNVIURPZRUNDWKHLJKWDUHDVVHVVHGDQGDSSURSULDWHZRUN

HTXLSPHQWLVVHOHFWHGDQGXVHG• WKHULVNVIURPIUDJLOHVXUIDFHVDUHSURSHUO\FRQWUROOHG• HTXLSPHQW IRU ZRUN DW KHLJKW LV SURSHUO\ LQVSHFWHG DQG

PDLQWDLQHG




(QFORVHG6SDFHV

$OO ZRUN FRQGXFWHG LQ FRQILQHG VSDFHV VKDOO EH FDUULHG RXW LQ

DFFRUGDQFH ZLWK WKH &RQILQHG 6SDFHV 5HJXODWLRQV 6, 1RZLWKIXUWKHUJXLGDQFHJLYHQLQ6DIH:RUNLQ&RQILQHG6SDFHV

$&23 ,WVKRXOGEHQRWHGWKDW WKHVHUHJXODWLRQVDUHZULWWHQZLWKRQVKRUH DFFHVV LQ PLQG 5LVN DVVHVVPHQWV VKRXOG WKHUHIRUH

KLJKOLJKW WKH LQFUHDVHG ULVNVRIIVKRUH LQFOXGLQJDFFHVVDQG HJUHVV

IURPWKHFRQILQHGVSDFHDQGWKHHIIHFWRIWKHPRWLRQ

,IZRUNLVWREHFDUULHGRXWLQDFRQILQHGVSDFHRULIWKHUHLVDULVNWKDWLQ WKHHYHQW RIDQDFFLGHQWHPHUJHQF\DFFHVV WRDFRQILQHGVSDFHPD\EHUHTXLUHGWKHQLWLVUHFRPPHQGHGWKDWSURFHGXUHVDUHHVWDEOLVKHGSULRUWRWKHFRPPHQFHPHQWRIZRUNVWRLQFOXGH


•

UHVFXHSHUVRQQHOWUDLQLQJ• HTXLSPHQW

/LIWLQJ

$OOOLIWLQJHTXLSPHQWVKRXOGEHFHUWLILHGPDLQWDLQHGDQGRSHUDWHGLQ

DFFRUGDQFH ZLWK WKH UHTXLUHPHQWV RI WKH /2/(5 DQG 38:(5UHJXODWLRQV ,W LV UHFRPPHQGHG WKDW D OLIWLQJ SODQ LV GHYHORSHG

EHIRUH HDFK OLIW RU VHW RI OLIWV .H\ SUHFDXWLRQV WKDW VKRXOG EH

KLJKOLJKWHGZLWKLQWKHOLIWLQJSODQLQFOXGH

• DVVHVVPHQWRIFRPSHWHQF\DQILWQHVVRISHUVRQQHOFDUU\LQJRXW

OLIWV

•

DVVHVVPHQWRIHTXLSPHQWVXLWDELOLW\DQGFHUWLILFDWLRQ• PHWKRGVWDWHPHQWVDQGULVNDVVHVVPHQWV

• DVVHVVPHQW RI HQYLURQPHQWDO IDFWRUV LQFOXGLQJ FRQGLWLRQ RI

WHUUDLQZHDWKHU

• FRQWLQJHQF\SODQQLQJ

• HPHUJHQF\3ODQQLQJ

(OHFWULFDO6DIHW\

,WLVYLWDOWKDWYHU\FOHDUSURFHGXUHVDUHGUDZQXSZLWKUHVSHFW WRWKHKDQGOLQJDQGLVRODWLRQRIHOHFWULFDOHTXLSPHQW

$Q\HOHFWULFDOLQVWDOODWLRQPXVWEHPDGHE\DQDXWKRULVHGHOHFWULFLDQ

DQG DOO LQVWDOOHG HOHFWULFDO HTXLSPHQW PXVW FRPSO\ ZLWK DQG EHPDLQWDLQHG WRWKHVWDQGDUGRIWKH ,QVWLWXWHRI(OHFWULFDO (QJLQHHUV,((UHTXLUHPHQWVIRUHOHFWULFDOLQVWDOODWLRQV




3UDFWLFDOPHDVXUHV WKDWVKRXOGEHFRQVLGHUHGWRLPSURYHHOHFWULFDOVDIHW\RQWKHVLWHLQFOXGH

•

HOHFWULFDOVDIHW\WUDLQLQJ• DXWKRULVHGSHUVRQV

• LVRODWLRQ

• VLJQDJHDQGUHVWULFWHGDUHDV

• ILUVWDLGWUDLQLQJ

• XVHRIKDQGWRROV

• ILUHDQGH[SORVLRQULVNV

$QG DOVR UHIHU WR WKH(OHFWULFLW\ DW:RUN 5HJXODWLRQV6,1R

0DQXDO+DQGOLQJ

$OOPDQXDOKDQGOLQJRSHUDWLRQVZLWKWKHH[FHSWLRQRIWKRVHRIWKHPDVWHU RI FUHZ RI D VKLS LQ UHVSHFW RI WKHLU QRUPDO VKLS ERDUG

DFWLYLWLHV PXVW FRPSO\ ZLWK WKH 0DQXDO +DQGOLQJ 2SHUDWLRQV

5HJXODWLRQV7KHVHUHJXODWLRQVSODFHDGXW\RQWKHHPSOR\HUWRDYRLGZKHUHYHUSRVVLEOHWKHUHTXLUHPHQWIRUKD]DUGRXVPDQXDO

KDQGOLQJ RSHUDWLRQV DQG ZKHUH PDQXDO KDQGOLQJ LV UHTXLUHG WR

DVVHVV WKH RSHUDWLRQ WDNH VWHSV WR UHGXFH ULVN RI LQMXU\ DQG WRVXSSO\ WKH HPSOR\HH ZLWK DSSURSULDWH LQIRUPDWLRQ DERXW WKH

RSHUDWLRQLQFOXGLQJ

• FXUUHQW JXLGDQFH RQ PDQXDO KDQGOLQJ RSHUDWLRQV LQ WKH

FRQVWUXFWLRQLQGXVWU\

• PDQXDOKDQGOLQJDVVHVVPHQWWHFKQLTXHV

•

SUHYHQWLRQDQGPDQDJHPHQWRI06'V• PDQXDO+DQGOLQJ7UDLQLQJ&RXUVHV

3HUVRQDO3URWHFWLYH(TXLSPHQW33(

6HOHFWLRQ RI WKH DSSURSULDWH 33( VKRXOG EH GHWHUPLQHG E\ ULVN

DVVHVVPHQWIRU HDFKDFWLYLW\5HTXLUHPHQWVDQG VWDQGDUGVIRU33(

IRU RQVKRUH DQG RIIVKRUH DFWLYLWLHV LQFOXGH WKH XVH DQGPDLQWHQDQFH RI RIIVKRUH VDIHW\ HTXLSPHQW VXFK DV OLIHMDFNHWV

KDUQHVVHV LPPHUVLRQ VXLWV 3/%V DQG IDOO DUUHVW V\VWHPV ,W LVLPSHUDWLYHWKDW SHUVRQQHOKDYHDSSURSULDWHWUDLQLQJ LQWKHXVHRIWKH HTXLSPHQW SURYLGHG DQG UHIHUHQFH VKDOO EH PDGH WR WKH

3HUVRQDO3URWHFWLYH(TXLSPHQWDW:RUN33(5HJXODWLRQV6,

1R 3HUVRQQHO7UDFNLQJ

3HUVRQQHOWUDFNLQJV\VWHPVVKRXOGEHLPSOHPHQWHGIRURQVKRUHDQG

RIIVKRUH VLWHV DQG UHFRUGV NHSW LQ D PDQQHU ZKLFK DVVLVWVLPPHGLDWHDFFHVVWKHGDWDLQWKHHYHQWRIDQHPHUJHQF\UHTXLULQJUDSLG DFFRXQWLQJ RI SHUVRQQHO &RQVLGHUDWLRQ VKRXOG EH JLYHQ WR

SHUVRQQHOWUDFNLQJGHYLFHVIRUDOOSHUVRQQHOZRUNLQJRYHUZDWHUWRDLGORFDWLRQLQWKHHYHQWRIDQ02%

6OLSVWULSVDQGIDOOV

• PDQDJHPHQWRIWKHRYHUDOORUGHUDQGFOHDQOLQHVVRIWKHVLWH

• XVHRIDSSURSULDWHQRQVOLSPDWHULDOVIRRWZHDUDQGKDQGUDLOV




• ZRUNLQJDUHDVFOHDURIREVWDFOHVDQGZDVWH 6DIHW\6LJQV

6LJQDJHVKRXOGPHHWWKHPLQLPXPUHTXLUHPHQWVRIWKH+HDOWKDQG6DIHW\6DIHW\6LJQVDQG6LJQDOV5HJXODWLRQV

7KHVH UHJXODWLRQV UHTXLUH WKH HPSOR\HU WR SURYLGH VSHFLILF VDIHW\ VLJQV

ZKHQHYHUWKHUHLVDULVNWKDWKDVQRWEHHQDYRLGHGRUFRQWUROOHGE\RWKHU

PHDQV

&KHPLFDOVDQG6XEVWDQFHV

&26++ DVVHVVPHQWV DUH D UHTXLUHPHQW RI WKH &RQWURO RI 6XEVWDQFHV+D]DUGRXVWR+HDOWK5HJXODWLRQVDQGUHTXLUHGIRUDOOVXEVWDQFHVDQG

PDWHULDOV XVHG GXULQJ LQVWDOODWLRQDQG FRPPLVVLRQLQJZKLFKPD\ SUHVHQWKHDOWKDQGVDIHW\KD]DUGV)XUWKHULWLVUHFRPPHQGHGWKDW

•

DUHJLVWHURIDOOKD]DUGRXVVXEVWDQFHVEURXJKWRQWRVLWHLVPDLQWDLQHGDFFRPSDQLHGE\WKH06'6DQG&26++ULVNDVVHVVPHQW

• 6SHFLILFDWLRQRIILUVWDLGIDFLOLWLHVVKRXOGWDNHQLQWRDFFRXQWWKHQDWXUH

RIDQ\VXEVWDQFHVXVHG

7KHUHDUHERWKOHJLVODWLYHUHTXLUHPHQWVDQGJRRGLQGXVWU\SUDFWLFHIRUWKH

VWRUDJH RI KD]DUGRXVVXEVWDQFHV (PHUJHQF\ SURFHGXUHVVKRXOG DGGUHVVVSLOODJHDQGDQ\RWKHUHPHUJHQF\SUHVHQWHGIURPVXFKVWRUDJH

)LQDOO\WKHRSHUDWRUZLOOQHHGWRFRQVLGHUWKHVWRUDJHKDQGOLQJDQGXVHRIDQ\H[SORVLYHR[LGLVLQJRUIODPPDEOHVXEVWDQFHVLQFRQIRUPDQFHZLWKWKH

'DQJHURXV6XEVWDQFHVDQG([SORVLYH$WPRVSKHUHV5HJXODWLRQV

6HFXULW\6LWHVHFXULW\DUUDQJHPHQWVERWKRQVKRUHDQGRIIVKRUHSOD\DQLPSRUWDQW

UROHLQSUHYHQWLQJDFFHVVE\XQDXWKRULVHGSHUVRQVZKRFRXOGFDXVHKDUP

WRWKHPVHOYHVRUWRSURMHFWSHUVRQQHORUHTXLSPHQW

2FFXSDWLRQDO+HDOWK

2FFXSDWLRQDO KHDOWK ULVNV DQG UHTXLUHPHQWV VKDOO GHSHQG RQ WKH ZRUN

XQGHUWDNHQERWKVKDOO EHGHILQHGGXULQJULVNDVVHVVPHQWVSHFLILFWR WKHRSHUDWLRQ LQYROYHG 2UJDQLVDWLRQV VKRXOG HQVXUH WKH\ KDYH DSSURSULDWHSURFHGXUHVHVWDEOLVKHGWKDWGHILQH

•

DQ\UHTXLUHPHQWVIRUDSUHHPSOR\PHQWPHGLFDO• DQ\OHJDOUHTXLUHPHQWVIRUKHDOWKVXUYHLOODQFH

• DQ\ ORFDO PLQLPXP VWDQGDUGV HJ ILWQHVV H\HVLJKW KHDULQJ FRORXUEOLQGQHVV

• SURSHUDUUDQJHPHQWVIRUKHDOWKUHFRUGVHJFRQILGHQWLDOLW\

• DSSURSULDWHPHGLFDOVIRUSHUVRQQHOZRUNLQJRIIVKRUH




0HGLFDO)DFLOLWLHVDQG)LUVWDLG

$ULVNDVVHVVPHQWZLOOGHWHUPLQHWKHDSSURSULDWHOHYHORIPHGLFDOWUHDWPHQW

IDFLOLWLHVIRUHDFKVLWHGHILQHGDV

• PHGLFDOWUHDWPHQWURRPRUVSDFH

• PHGLFLQHVDQGWUHDWPHQWFRQVXPDEOHV


• SHUVRQVZLWKPHGLFDOWUDLQLQJ

7KHUHTXLUHPHQWVRIWKH+HDOWKDQG6DIHW\)LUVW$LG5HJXODWLRQVZLOODVVLVWLQGHILQLQJWKHDSSURSULDWHDUUDQJHPHQWVIRUWKHVLWH

(PHUJHQF\5HVSRQVH3ODQQLQJ

7KHVLWHRSHUDWRUVKRXOGFRQVLGHUHPHUJHQF\UHVSRQVHSODQQLQJDWDQHDUO\

VWDJH 'XH WR WKH QDWXUH RI WKH VHD FRQGLWLRQV VRXJKW IRU SRZHUJHQHUDWLRQWKH ORFDWLRQRIWKHGHYLFHDUUD\VPD\ZHOOEH VLWHG LQUHPRWHORFDWLRQVZLWKOLWWOHµEDFNXS¶FRYHUDYDLODEOHIURPHPHUJHQF\VHUYLFHV

$VLWH (PHUJHQF\5HVSRQVH3ODQ 3URMHFW (53 VKRXOGEH LQSODFHGXULQJWKH 2SHUDWLRQV DQG 0DLQWHQDQFH SKDVH ZLWK DSSURSULDWH DGGLWLRQV RU

DGMXVWPHQWV IRU VSHFLILF RU µRQH RII¶ PDLQWHQDQFH RSHUDWLRQV :KHUH

VXEFRQWUDFWRUV DUH LQYROYHG LQ PDLQWHQDQFH RSHUDWLRQV WKH SODQ VKRXOGGHWDLOµEULGJLQJ¶DUUDQJHPHQWVEHWZHHQWKH (PHUJHQF\5HVSRQVH3ODQVRILQGLYLGXDOFRQWUDFWRUVDQGSDUWLFXODUO\LQGLYLGXDOYHVVHOVHQJDJHG$VVWDWHG

LQ6HFWLRQRSHUDWRUVDQGGHYHORSHUVDUHUHTXLUHGWRXVHWKH0&$¶V µ(PHUJHQF\ 5HVSRQVH &RRSHUDWLRQ 3ODQ (5&R3¶ LQ IRUPXODWLQJ WKHLUHPHUJHQF\ UHVSRQVHSODQV DQGVLWH 6DIHW\ 0DQDJHPHQW 6\VWHPV 7KHVH

SODQVZLOOQHHGWREHGLVFXVVHGZLWKWKH0&$DQGWKHUHOHYDQW05&&

:KHQ GHYHORSLQJ WKH (53 FRQVLGHUDWLRQ RI WKH UHPRWHQHVV RI WKH VLWH

ORFDWLRQ DQG WKH H[WUHPH ORFDO FRQGLWLRQV GLFWDWHGE\ WKHQDWXUH RI WKHGHYLFHZDYHRUWLGDOHQHUJ\DQGWKHUHVSRQVHWLPHVRIHPHUJHQF\VHUYLFHVZLOO LQGLFDWHDQHHG IRUVHOIVXIILFLHQF\SDUWLFXODUO\ LQWKHHDUO\VWDJHVRI

DQ\HPHUJHQF\




(PHUJHQF\UHVSRQVH3ODQVVKRXOGLQFOXGH

• HPHUJHQF\FRQWDFWGHWDLOVIRUDOOLQWHUQDODQGH[WHUQDOSDUWLHVLQYROYHG

LQWKHZRUNV• YHVVHOFRQWDFWGHWDLOV

• WKLUGSDUW\HPHUJHQF\VHUYLFHFRQWDFWGHWDLOV

• HPHUJHQF\&RPPXQLFDWLRQVSURFHGXUHV

• HPHUJHQF\ UHVSRQVH LQLWLDO DFWLRQV IORZFKDUW IRU HPHUJHQFLHV WKDW

FRXOGEHDQWLFLSDWHGLQFOXGLQJ

o PDQRYHUERDUG

o HQFORVHG6SDFHHPHUJHQFLHVDQGHYDFXDWLRQSURFHGXUHV

o HPHUJHQF\VKXWGRZQRIHQHUJLVHGHTXLSPHQW

o IDLOHGOLIWLQJRSHUDWLRQVo ILUH

o VLFNQHVV

o LQMXU\

o

YHVVHOFROOLVLRQJURXQGLQJSXQFKWKURXJKo YHVVHOVQRWXQGHUFRPPDQG

o SROOXWLRQ

o VHFXULW\

o H[WUHPHZHDWKHU

o GLYLQJHPHUJHQFLHVLIDSSOLFDEOH

• VWDWXWRU\UHSRUWLQJUHTXLUHPHQWV

• WUDLQLQJDQGGULOOVUHTXLUHPHQWV

,WLVUHFRPPHQGHGWKDWH[HUFLVHVDUHUHJXODUO\XQGHUWDNHQWRYDOLGDWHWKH(53 DQG WR HQVXUH WKDW RSHUDWLRQV VWDII DUH IDPLOLDU ZLWK LW ,W LV

SDUWLFXODUO\ LPSRUWDQW WR HQJDJH ORFDO HPHUJHQF\ VHUYLFHV LQFOXGLQJ

PHGLFDO IDFLOLWLHV LQXQGHUVWDQGLQJ WKHSRWHQWLDO QHHGVRIWKHSURMHFWDQG

WKHHQYLURQPHQWDOFRQGLWLRQVXQGHUZKLFKWKH\PD\EHDVNHGWRDVVLVW5HSRUWLQJDQG,QYHVWLJDWLRQRI$FFLGHQWVDQG,QFLGHQWV

6WDWXWRU\ UHTXLUHPHQWV IRU WKH UHSRUWLQJ RI DFFLGHQWV DQG GDQJHURXV

RFFXUUHQFHVXQGHU5,''25DUHODLGGRZQLQVFKHGXOHVFRQWDLQHGZLWKLQWKH

UHJXODWLRQVDQG GRFXPHQW ³*XLGHWR WKH5HSRUWLQJRI ,QMXULHV'LVHDVHV

DQG'DQJHURXV2FFXUUHQFHV5HJXODWLRQV´/,6%1

,WLVUHFRPPHQGHGWKDWDSURFHGXUHLVHVWDEOLVKHGIRUWKHUHSRUWLQJRIDQ\LQFLGHQWVDFFLGHQWVDQGQHDUPLVVHVIRUWKHSURMHFWDQGWKDWDOORSHUDWLRQV

VWDII DQG FRQWUDFWRUV DUH UHTXLUHG WR SDUWLFLSDWH LQ WKH UHSRUWLQJ 3URSHU

LQYHVWLJDWLRQ RI LQGLYLGXDO HYHQWV KDV EHHQ SURYHQ WR GHOLYHU VDIHW\LPSURYHPHQWVZKLOVW WUHQGDQDO\VLVFDQ OHDG WRWKH LGHQWLILFDWLRQ RI URRW

FDXVHVZKLFKFDQDJDLQGHOLYHUVLJQLILFDQWLPSURYHPHQWVLQSURMHFWVDIHW\

$OODFFLGHQWVLQFLGHQWVDQGQHDUPLVVHVPXVWEHLQYHVWLJDWHG,Q JHQHUDO WKRVHZKLFK KDYH D KLJK DFWXDO RU SRWHQWLDO VHYHULW\ VKRXOG

KDYH D JUHDWHU LQGHSWK LQYHVWLJDWLRQ WKDQ WKRVH ZKLFK GLG QRW 7KHSRWHQWLDOWKDWDQDFFLGHQWRULQFLGHQWKDGWRKDUPRUGDPDJHLVWKHIDFWRUWR EH XVHG WR GHWHUPLQH D VXLWDEOH OHYHO RI LQYHVWLJDWLRQ DQG XVH RI

UHVRXUFHV




6DIHW\(TXLSPHQW

7KH DSSURSULDWHOHYHORI VDIHW\ HTXLSPHQWUHTXLUHGZLOO EHGHWHUPLQHGE\

ULVN DVVHVVPHQW RI WKH RSHUDWLQJ FKDUDFWHULVWLFV RI HDFK GHYLFH XVLQJOHJLVODWLRQ DQG (XURSHDQ DQG 8. VWDQGDUGV IRU HTXLSPHQW VSHFLILFDWLRQV

VXFKDV62/$66DIHW\HTXLSPHQWWKDWVKRXOGEHFRQVLGHUHGLQFOXGHV

• ILUHILJKWLQJHTXLSPHQW

o ILUHGHWHFWLRQ

o ILUHVXSSUHVVLRQ

• OLIHVDYLQJDSSOLDQFHV

o SHUVRQDOVXUYLYDODLGV

o LQVWDOODWLRQVXUYLYDODLGVo HPHUJHQF\/RFDWLQJHTXLSPHQW


o PHGLFDOIDFLOLWLHV

o

PHGLFDOHTXLSPHQWo PHGLFLQHV

• ZRUNVLWHVDIHW\HTXLSPHQW

o IDOODUUHVWHTXLSPHQW

o VWDQGDUG33(

o VSHFLDOWDVN33(

• HPHUJHQF\FRPPXQLFDWLRQV




$33(1',;0DULQHDQG1DYLJDWLRQDO3ODQQLQJ

$ *HQHUDO7KH IROORZLQJVHFWLRQDSSOLHVWR WKHZD\ LQZKLFKDSDVVDJHLV LQLWLDOO\SODQQHG

IRUPXODWHGDQGWKHQXQGHUWDNHQ:KHQ FRQVLGHULQJ D SDVVDJH RU WRZ DOO WKH UHOHYDQW LQIRUPDWLRQ VKRXOG EHFKDQQHOOHG LQWR D FRQFLVH SODQ ZKLFK FDQ EH SURPXOJDWHG DQG DJUHHG E\ DOO

SDUWLHV

:KLOVWXQGHUWDNLQJWKHSDVVDJHWKHSODQVKDOOEHIROORZHGDQGPRQLWRUHGVKRXOG

DGHYLDWLRQRISODQEHUHTXLUHGDIXOODVVHVVPHQWVKDOOEHXQGHUWDNHQDQGLQDQ\

FDVHDQ\ DFWLRQ VKDOO KDYHGXH UHJDUG WR JRRG VHDPDQVKLS DQG WKH SUHYDLOLQJFLUFXPVWDQFHVDQGFRQGLWLRQV

7KLV SODQ VKRXOG LQFOXGHZHDWKHU OLPLWV WKDW VKDOO QRW EH H[FHHGHG GXULQJ WKH

SDVVDJHZLWKWKHVHOLPLWVEHLQJXVHGWRLQIOXHQFHKHDOWKDQGVDIHW\GHFLVLRQV$SSURSULDWHORFDOQRWLFHWRPDULQHUVVKRXOGEHLVVXHGZKHQDSSURSULDWHZLWKWKH

QRWLILFDWLRQRIORFDOKDUERXUVDQGRWKHUPDULQHXVHUV7KLVSODQVKDOOLQFOXGHHQYLURQPHQWDOOLPLWVWKDWVKDOOQRWEHH[FHHGHGGXULQJWKH

SDVVDJH

7KHH[HFXWLRQVWDJHRIWKHSODQWDNHVLQWRDFFRXQWWKHFRQGLWLRQVH[SHFWHGGXULQJWKH WUDQVLW DQG SUHGHSDUWXUH ZHDWKHU IRUHFDVWV VKRXOG JLYH DQ H[DFWZHDWKHU

ZLQGRZDQGWUDQVLWWLPHDYDLODEOH

7RHQVXUHDGXHUHJDUGWRWKHKHDOWKDQGVDIHW\RIWKHYHVVHODQGKHUFUHZLWLV

LPSHUDWLYHWKDWFRQWLQJHQFLHVDUHEXLOWLQWRWKHSODQ7KHVHVKDOOWDNHLQWRDFFRXQWDOO SRVVLEOH µZRUVWFDVHVFHQDULRV¶DQG KLJKOLJKW SRUWVRIUHIXJHDQGDOOSRVVLEOH

DUHDVRIVKHOWHU'XULQJ WKHSDVVDJHWKHVDIHQDYLJDWLRQRIWKHYHVVHO LVWKHUHVSRQVLELOLW\RI WKH

0DVWHUDQGKLVKHUFUHZ1DYLJDWLRQDOJXLGDQFHLVJLYHQLQWKHIROORZLQJ0&$0

1RWLFHVDQG5HJXODWLRQV

• 0*10 .HHSLQJ D VDIH QDYLJDWLRQDO ZDWFK RQ PHUFKDQW

YHVVHOV

• 0*10) /RRNRXW GXULQJ SHULRGV RI GDUNQHVV DQG UHVWULFWHGYLVLELOLW\

• 0*10) 1DYLJDWLRQLQ)RJ

• 0*1;;;0) *XLGDQFH WR PDULQHUV RSHUDWLQJ LQ WKH YLFLQLW\ RIRIIVKRUHUHQHZDEOHHQHUJ\LQVWDOODWLRQV

• 0*10) 2IIVKRUH 5HQHZDEOH (QHUJ\ ,QVWDOODWLRQV 25(,V

*XLGDQFH RQ 8. 1DYLJDWLRQDO 3UDFWLFH 6DIHW\ DQG

(PHUJHQF\5HVSRQVH,VVXHV

• 0610 +RXUV RI :RUN 6DIH 0DQQLQJ DQG :DWFK NHHSLQJ5HYLVHG3URYLVLRQVIURP6HSWHPEHU

• &RQYHQWLRQ RQ WKH ,QWHUQDWLRQDO 5HJXODWLRQV IRU 3UHYHQWLQJ &ROOLVLRQV DW

VHD&RQVROLGDWHG(GLWLRQ

% 3DVVDJH3ODQQLQJ

3ODQQLQJRIWKHSDVVDJHVKDOOEHFDUULHGRXWLQDFFRUGDQFHZLWKWKHUHTXLUHPHQWV

RI 62/$6 &KDSWHU 9 $QQH[ µ9R\DJH 3ODQQLQJ¶ DQG VKDOO EH YHULILHG E\ WKH9HVVHO¶V0DVWHUSULRUWRLVVXH




7KHILQDOLVHGSODQVKDOOWDNHLQWRDFFRXQWIDFWRUVVXFKDV

• WKHYHVVHO¶VFDSDELOLW\

•

DQ\OLPLWDWLRQVRQWKHWRZRUWRZLQJHTXLSPHQW• WKHGHWDLOHGURXWHIURPEHUWKWREHUWKRUVLWH

• ZHDWKHUIRUHFDVWV

• IXHOZDWHUFRQVXPSWLRQDQGUHVHUYHV

• SRUWVRIUHIXJH

• GHSDUWXUH DQG DUULYDO SRUW GHWDLOV LQFOXGLQJ FRPPXQLFDWLRQ DQG SLORWDJHIDFLOLWLHV

• DUHDVRIWUDIILFGHQVLW\DQGDEQRUPDOFXUUHQWVGHSWKV& :HDWKHUURXWLQJDQGIRUHFDVWLQJ

:KHQDSSURSULDWHDZHDWKHUIRUHFDVWLQJVHUYLFHPD\EHHPSOR\HGWRDVVLVWLQWKHSODQQLQJDQGH[HFXWLRQRIWKHYR\DJHRUWRZ,QDQ\HYHQWHYHU\HIIRUWVKRXOGEH

PDGH E\ WKH PDVWHU WR REWDLQ UHJXODU DQG VXLWDEOH ZHDWKHU IRUHFDVWV IURP DUHSXWDEOHVRXUFHGXULQJWKHYR\DJH

:HDWKHU IRUHFDVWV IRU WKH SDVVDJH VKRXOG FRPPHQFH ZHOO LQ DGYDQFH RI WKHDQWLFLSDWHG GHSDUWXUH WLPH DQGVKRXOG FRQWLQXH WKURXJKRXW WKHGXUDWLRQ RI WKH

YR\DJH

:KHQHYHUSRVVLEOHPRUHWKDQRQHIRUHFDVWVKRXOGEHREWDLQHGIURPD UHSXWDEOH

VRXUFH

)RUDOOSDVVDJHVWKHZHDWKHUFRQGLWLRQVIRUWKHGHSDUWXUHIURPWKHVDLODZD\SRUW

RUDQ\LQWHUPHGLDWHSRUWRUVKHOWHUVKDOOWDNHLQWRDFFRXQW

•

FDSDELOLWLHVRIWKHYHVVHODQGRUWRZ• IRUHFDVWZLQGVSHHGDQGGLUHFWLRQ• VLJQLILFDQWDQGPD[LPXPZDYHKHLJKW• VZHOOGLUHFWLRQDQGKHLJKW• YLVLELOLW\

' 'HSDUWXUH

3ULRUWRGHSDUWXUHDGHSDUWXUHFRQGLWLRQUHSRUWIRUWKHWRZVKRXOGEHSURYLGHGE\WKHGHYHORSHURZQHUIRUWKHYHVVHOPDVWHUDQGDPDULQHZDUUDQW\VXUYH\RUPD\

EHLQYLWHGWRPDNHDQDVVHVVPHQW

7KHGHSDUWXUHFRQGLWLRQUHSRUWVKRXOGFRQWDLQDVDPLQLPXP

• DJHQHUDODUUDQJHPHQWRIWKHVWUXFWXUHVKRZLQJ

o 7RZDJHSRLQWV

o 6WURQJSRLQWV

o :HDNSRLQW

• FRSLHVRIUHOHYDQWFRQVWUXFWLRQFHUWLILFDWHV

• WDEXODWLRQDQGGLVWULEXWLRQRIEDOODVW

• VWDELOLW\ERRNOHWLQIRUPDWLRQ

• GUDJFDOFXODWLRQV

• FDOFXODWHGGLVSODFHPHQWDQGGUDXJKW

• DFWXDOGLVSODFHPHQWDQGGUDXJKW

• DVWDWHPHQWWKDW ORQJLWXGLQDOEHQGLQJDQG VKHDU IRUFHDUHZLWKLQ DFFHSWDEOH

OLPLWV

• WRZDJHPDQXDOIRUWKHLQWHQGHGRSHUDWLRQ• LQVWDOODWLRQPDQXDOLIDSSOLFDEOH

• VLWHPDQXDOGHWDLOLQJWKHDUUD\ORFDWLRQDQGHQYLURQPHQWDOGHWDLOV




( 3RUWVRI6KHOWHUVKHOWHUDUHDVKROGLQJDUHDV

:LWK GXH UHJDUG WR WKH KHDOWKDQG VDIHW\ RI WKH 9HVVHO¶V0DVWHU DQG FUHZ WKH

SDVVDJH 3ODQZLOO LGHQWLI\ SRUWV RI VKHOWHU DQG UHIXJH DW YDULRXV VWDJHVRI WKHSDVVDJH7KHEDVLVIRUWKHVHSRUWVZLOOEHWKHSUHYDLOLQJZLQGVLQWKRVHDUHDVDQG

WKHIRUHFDVWVUHFHLYHGSUHGHSDUWXUH) 3LORWDJH

+DUERXU3LORWVKDYHDORFDONQRZOHGJHRIUHJXODWLRQVZHDWKHUDQGWLGDOFRQGLWLRQV

DQGDJRRGVKLSKDQGOLQJDELOLW\

8QOHVVWKH9HVVHO¶VPDVWHUKDVSURYHGKLVIDPLOLDULW\WRWKH+DUERXU0DVWHUDQGLV

LQSRVVHVVLRQRIDQ([HPSWLRQ&HUWLILFDWHKHZLOOUHTXLUHD3LORWZKHQZLWKLQDQ\

3RUWOLPLWVDQRWKHULPSRUWDQWSDUWRIWKH3DVVDJH3ODQLVWRKDYHGRFXPHQWHGWKH3LORWDJHDUHDVDQGFRQWDFWGHWDLOVPDQ\3RUWVUHTXLUHRYHUKRXUVQRWLFHIRUD

3LORW

* /RJ

$%ULGJH'HFN/RJERRNVKRXOGEHNHSWE\WKH'HFN2IILFHUVWRUHFRUGWKHHYHQWV

ZHDWKHU FRQVXPSWLRQV GLVWDQFHVRIWKH IXOO KRXUSHULRG± WKLV VKRXOGEH

VLJQHGRIIE\WKH0DVWHUDWWKHHQGRIHYHU\GD\

$GGLWLRQDOO\WRWKLVD%ULGJH0RYHPHQWERRNVKRXOGEHNHSWWRUHFRUGDOOHQWULHV

ZKHQDUULYLQJGHSDUWLQJSRUWDQGRUVLWH

+ 7RZDJH

$FRPSUHKHQVLYHµ7RZDJHPDQXDO¶VKRXOGEHZULWWHQWRLGHQWLI\DOODVSHFWVRIWKHWRZLQGHWDLOFRYHULQJDOOOLNHO\FRQWLQJHQFLHVDQGVSHFLI\H[DFWO\KRZWKHWRZZLOOEHFRQGXFWHG 7KH WRZLQJRI XQXVXDORUSURWRW\SHIORDWLQJGHYLFHVPD\SUHVHQWSDUWLFXODU KD]DUGV DQG WKH WRZLQJ DQG UHVSRQVH FKDUDFWHULVWLFV VKRXOG EH IXOO\

DVVHVVHG

, 7XJVHOHFWLRQ

7KH WXJ VHOHFWHG VKRXOGFRPSO\ZLWK WKHPLQLPXPEROODUGSXOO UHTXLUHPHQWV RI

WKH WRZ %ROODUG SXOO UHTXLUHPHQWV VKRXOG EH FDOFXODWHG XVLQJ DSSURSULDWH

PHWKRGVVXFKDVWKDWGHWDLOHGE\1REOH'HQWRQ LQUHSRUW1R1',*HQHUDO*XLGHOLQHV IRU 0DULQH 7UDQVSRUWDWLRQV 7XJ VHOHFWLRQ VKRXOG DOVR LQFOXGH

FRQVLGHUDWLRQRI WKH PDQRHXYULQJ DQGKDQGOLQJ FKDUDFWHULVWLFV RI WKHYHVVHO RU

YHVVHOV ,I PRUH WKDQ RQH WXJ LV WR EH XVHG IRU H[DPSOH IRU SRVLWLRQLQJ RUPRRULQJWKHHVWDEOLVKPHQWRIDFOHDUFRPPDQGVWUXFWXUHZLOOEHUHTXLUHG




$33(1',;±.12:7+(/$:

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

• SURYLGLQJDQGPDLQWDLQLQJPDFKLQHU\HTXLSPHQWDSSOLDQFHVDQGV\VWHPVRI

ZRUNWKDWDUHVDIHDQGZLWKRXWULVNVWRKHDOWK

• HQVXULQJ WKDW DUWLFOHV DQG VXEVWDQFHV DUH XVHG KDQGOHG VWRUHG DQGWUDQVSRUWHGVDIHO\DQGZLWKRXWULVNVWRKHDOWK

• SURYLGLQJWKHQHFHVVDU\LQIRUPDWLRQLQVWUXFWLRQWUDLQLQJDQGVXSHUYLVLRQWRHQVXUHWKHKHDOWKDQGVDIHW\DWZRUNRIDOOHPSOR\HHV

• PDLQWDLQLQJDZRUNSODFHWKDWLVVDIHDQGZLWKRXWULVNVWRKHDOWK

• SURYLGLQJ DQG PDLQWDLQLQJ D ZRUNLQJ HQYLURQPHQW ZKLFK LV VDIH ZLWKRXWULVNV WR KHDOWK DQG ZKLFK KDV DGHTXDWH IDFLOLWLHV DQG DUUDQJHPHQWV IRU

HPSOR\HHV¶ZHOIDUHDWZRUN8QGHUWKH+$6$:$FWHPSOR\HHVDOVRKDYHDOHJDOGXW\WRWDNHUHDVRQDEOHFDUHRIWKHPVHOYHVDQGRWKHUVDQGWRFRRSHUDWHZLWKWKHLUHPSOR\HUVUHJDUGLQJWKHLUOHJDOREOLJDWLRQV7KH\DUHDOVRUHTXLUHGWRHQVXUHWKDWWKHLUDFWLYLWLHVDUHQRWDGDQJHUWRWKHPVHOYHVRURWKHUV

(PSOR\HUV ZLOO DOVR KDYH D UHVSRQVLELOLW\ IRU WKH KHDOWK DQG VDIHW\ RI YLVLWRUVZKHWKHUDXWKRULVHGRUQRWHJPHPEHUVRIWKHSXEOLFVHOIHPSOR\HGSHRSOHRUFRQWUDFWRU¶V HPSOR\HHV ZRUNLQJ ZLWK WKHP ZKR PD\ EH DIIHFWHG E\ ZRUNDFWLYLWLHV XQGHU WKH FRQWUDFWRU¶V FRQWURO 7KLV PD\ HQWDLO FRRSHUDWLQJ DQGH[FKDQJLQJ LQIRUPDWLRQZLWKDOOWKRVHHPSOR\HUVZRUNLQJRQWKHZDYHDQGWLGDOGHYLFHVDERXWHDFKRWKHUV¶XQGHUWDNLQJV

(PSOR\HUV ZLWK ILYH RU PRUH HPSOR\HHV DUH UHTXLUHG WR SUHSDUH D ZULWWHQVWDWHPHQWRI WKHLUJHQHUDOSROLF\RUJDQLVDWLRQDQGDUUDQJHPHQWV IRU WKHKHDOWKDQG VDIHW\ DW ZRUN RI WKHLU HPSOR\HHV 7KH VWDWHPHQW DQG DQ\ UHYLVLRQ RI LW

VKRXOGEHEURXJKWWRWKHDWWHQWLRQRIDOOWKHHPSOR\HHV2QHRIWKHPRVWLPSRUWDQWSDUWVRIWKHDFWLV6HFWLRQ±³'HVLJQRI$UWLFOHVDQG

6XEVWDQFHV´WKLVVHFWLRQUHTXLUHVSHUVRQVGHVLJQPDQXIDFWXUHLPSRUWRUVXSSO\DUWLFOHVRUVXEVWDQFHVIRUXVHDWZRUNWR

• HQVXUHWKDWWKH\DUHVDIHDQGZLWKRXWULVNWRKHDOWKZKHQSURSHUO\XVHG• FDUU\RXW VXFK WHVWV RUH[DPLQDWLRQVDVPD\ EHQHFHVVDU\WRHQVXUHWKDW

WKH\DUHVDIHDQGZLWKRXWULVNVWRKHDOWKZKHQSURSHUO\XVHG• SURYLGHDQ\LQIRUPDWLRQQHFHVVDU\WRHQVXUHWKDWWKH\DUHVDIHDQGZLWKRXW

ULVNWRKHDOWKZKHQSURSHUO\XVHGDQG

• DQ\SHUVRQZKRHUHFWVRULQVWDOOVDQ\DUWLFOHIRUXVHDWZRUNVKRXOGHQVXUH

WKDWVRIDUDVLVUHDVRQDEO\SUDFWLFDEOHQRWKLQJDERXWWKHZD\LQZKLFKWKHDUWLFOH LV HUHFWHG RU LQVWDOOHG PDNHV LW XQVDIH RU D ULVN WR KHDOWK ZKHQSURSHUO\XVHG




0$1$*(0(172)+($/7+$1'6$)(7<$7:25.5(*8/$7,2166,1R7KH 0DQDJHPHQW RI +HDOWK DQG 6DIHW\ DW :RUN 5HJXODWLRQV DUH DLPHG

PDLQO\ DW LPSURYLQJKHDOWK DQG VDIHW\PDQDJHPHQW 7KHLUPDLQ SURYLVLRQVDUHGHVLJQHG WRHQFRXUDJHDPRUH V\VWHPDWLFDSSURDFK WRGHDOLQJZLWK KHDOWK DQG

VDIHW\7KHUHJXODWLRQVUHTXLUHHPSOR\HUVDPRQJVWRWKHUGXWLHVWR

• DVVHVVWKHULVNVWRWKHKHDOWKDQGVDIHW\RIWKHLUHPSOR\HHVDQGRWKHUVZKRPD\EHDIIHFWHGE\WKHLUZRUNDFWLYLW\

• PDNHDUUDQJHPHQWVIRUSXWWLQJLQWRSUDFWLFHWKHKHDOWKDQGVDIHW\PHDVXUHVWKDWWKHULVNDVVHVVPHQWVKRZVWREHQHFHVVDU\7KHVHDUUDQJHPHQWVVKRXOG

FRYHUSODQQLQJRUJDQLVDWLRQFRQWUROPRQLWRULQJDQGUHYLHZ

• HQVXUHFRRSHUDWLRQRQKHDOWKDQGVDIHW\PHDVXUHVEHWZHHQFRQWUDFWRUVDQGVXEFRQWUDFWRUV

6SHFLILF ULVN DVVHVVPHQWV DOUHDG\ FDUULHG RXW XQGHU RWKHU KHDOWK DQG VDIHW\OHJLVODWLRQHJ&26++DQGWKH0DQXDO+DQGOLQJ2SHUDWLRQV5HJXODWLRQVGRQRW

QHHG WR EH UHSHDWHG RU VXSSOHPHQWHG WKH\ ZLOO IRUP SDUW RI WKH RYHUDOO ULVN

DVVHVVPHQW

7KHUHJXODWLRQVIXUWKHUH[SDQGWKHJHQHUDOGXWLHVXQGHUWKH+6:$FWE\UHTXLULQJHPSOR\HUV WR WDNH LQWR DFFRXQWWKHLU HPSOR\HHV¶ FDSDELOLWLHVDV UHJDUGVKHDOWK

DQGVDIHW\ZKHQJLYLQJWKHPWDVNVWRGRHJSUHYLRXVWUDLQLQJNQRZOHGJHDQG

H[SHULHQFH

)XUWKHU LQIRUPDWLRQ LV JLYHQ LQ WKH $SSURYHG &RGH RI 3UDFWLFH 0DQDJHPHQW RI

+HDOWKDQG6DIHW\DW:RUN/,6%1&216758&7,21 '(6,*1 $1' 0$1$*(0(17 5(*8/$7,216 6, 1R7KHVH UHJXODWLRQV DSSO\ WR FRQVWUXFWLRQ SURMHFWV DQG HYHU\RQH DVVRFLDWHG ZLWK

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

7KH&'0UHJXODWLRQVDOVRLQFOXGHVSHFLILFFRQVWUXFWLRQUHTXLUHPHQWVZLWKUHVSHFWWRWKHKHDOWKVDIHW\DQGZHOIDUHRISHUVRQVFDUU\LQJRXWµFRQVWUXFWLRQZRUN¶DQGRWKHUVZKRPLJKWEHDIIHFWHGE\VXFKZRUN7+( :25.3/$&( +($/7+ 6$)(7< $1' :(/)$5( 5(*8/$7,216 6,

1R7KH:RUNSODFH+HDOWK6DIHW\DQG:HOIDUH5HJXODWLRQVDLPWRHQVXUHWKDWZRUNSODFHVPHHW WKH KHDOWK VDIHW\ DQG ZHOIDUH QHHGVRI HDFKPHPEHU RI WKHZRUNIRUFH7KHVHUHJXODWLRQVJLYHPRUHGHWDLOWRWKHJHQHUDOGXWLHVRIHPSOR\HUVXQGHU WKH +HDOWK DQG 6DIHW\ DW :RUN HWF $FW 2QH UHOHYDQW DUHD LVDFFHVVHJUHVVLQFOXGLQJSUHYHQWLRQRIIDOOVDQGULVNVDVVRFLDWHGZLWKWUDQVSRUW




0(5&+$17 6+,33,1* $1' ),6+,1* 9(66(/6 +($/7+ $1' 6$)(7<$7

:25.5(*8/$7,2166,1R7KHVH UHJXODWLRQV DSSO\ WR DOO DFWLYLWLHV RI ZRUNHUV RQ 8QLWHG .LQJGRP VKLSV

6RPH RI WKH UHJXODWLRQV DOVR DSSO\ WR VKLSV RWKHU WKDQ 8QLWHG .LQJGRP VKLSVZKLFKDUHRSHUDWLQJLQ8QLWHG.LQJGRPZDWHUV7KH\JLYHHIIHFWWRDQXPEHURI(&GLUHFWLYHV UHODWLQJ WR KHDOWK DQG VDIHW\ 7KH\ SODFH D JHQHUDO GXW\ XSRQ WKHHPSOR\HUWRHQVXUHWKHKHDOWKDQGVDIHW\RIWKHZRUNHUV7+('2&.65(*8/$7,2166,1R7KHVH UHJXODWLRQV ZHUH IRUPHGXQGHU WKH )DFWRULHV $FW 7KH\ KDYH EHHQDPHQGHGE\VXEVHTXHQWUHJXODWLRQVDQG(&'LUHFWLYHVKRZHYHUWKHPDMRULW\RI

WKH UHJXODWLRQV UHPDLQ LQ WKHLU RULJLQDO IRUP 7KH\ LPSRVH KHDOWK VDIHW\ DQGZHOIDUH UHTXLUHPHQWV ZLWK UHVSHFW WR DOO GRFN RSHUDWLRQV LQ *UHDW %ULWDLQ DQG

ZLWKLQ WHUULWRULDO ZDWHUV 7KH\ DOVR FRYHU ORDGLQJ XQORDGLQJ UHIXHOOLQJ RU

SURYLVLRQLQJ RID YHVVHODQ\ZKHUHZLWKLQ WKH 8QLWHG.LQJGRP &RQWLQHQWDO 6KHOI$UHD8.&6

7KHPDLQKHDOWKVDIHW\DQGZHOIDUHSURYLVLRQVRIWKHUHJXODWLRQVDUH

• WKHVDIHSODQQLQJDQGH[HFXWLRQRIWKHZRUN

• WKHSURYLVLRQRIDGHTXDWHOLJKWLQJ

• VDIHDFFHVVDQGHJUHVV

• WUDQVSRUWE\ZDWHU

• UHVFXH IDFLOLWLHV OLIHVDYLQJ HTXLSPHQW UHILJKWLQJ HTXLSPHQW DQG WKH

SURYLVLRQRIPHDQVRIHVFDSH

• WKHFRQGLWLRQDQGXVHRIKDWFKHVUDPSVDQGFDUGHFNV

• WKHRSHUDWLRQXVHDQGPDUNLQJRIOLIWLQJHTXLSPHQW7KHRULJLQDOSDUWRI WKH

UHJXODWLRQV UHODWLQJ WR WKH H[DPLQDWLRQ WHVWLQJ DQG FHUWLILFDWLRQ RI OLIWLQJ

HTXLSPHQWQRZFRPHVXQGHU/2/(5/LIWLQJ2SHUDWLRQVDQG/LIWLQJ(TXLSPHQW5HJXODWLRQV6,1R

• FRQILQHGVSDFHHQWU\',9,1*$7:25.5(*8/$7,2166,1R7KH'LYLQJDW:RUN5HJXODWLRQVUHTXLUHHYHU\SHUVRQZKRWRDQ\H[WHQWLVUHVSRQVLEOHIRUKDVFRQWURORYHURULVHQJDJHGLQDGLYLQJSURMHFWRUZKRVHDFWVRURPLVVLRQVFRXOGDGYHUVHO\DIIHFWWKHKHDOWKDQGVDIHW\RISHUVRQVHQJDJHGLQVXFKDSURMHFWWRWDNHVXFKPHDVXUHVDVLWLVUHDVRQDEOHIRUDSHUVRQLQKLVSRVLWLRQWRWDNHWRHQVXUHWKDWWKHVHUHJXODWLRQVDUHFRPSOLHGZLWK6XFKSHRSOHLQFOXGH• WKH FOLHQWZKR SODFHGD FRQWUDFWZLWKDGLYLQJ FRQWUDFWRU WRGHOLYHU DGLYLQJ

SURMHFW• WKH SULQFLSDO FRQWUDFWRUFDUU\LQJ RXW ZRUN IRU WKH FOLHQWDQG RYHUVHHLQJ WKH

ZRUNRIWKH• GLYLQJFRQWUDFWRU• DFRQVXOWDQWDFWLQJIRUWKHFOLHQWRZQHUFRQWUDFWRURUDJHQW• DPDVWHU RID YHVVHORU IORDWLQJVWUXFWXUHIURPZKLFKGLYLQJLV WRWDNHSODFH

ZKRFRQWUROVWKHYHVVHORUIORDWLQJVWUXFWXUHDQGDOOSHUVRQQHORQLW• DQ\ RWKHU SHUVRQ ZKRVH DFWLRQV RU DFWLYLWLHV PD\ DIIHFW WKH VDIHW\ RI WKH

GLYLQJSURMHFW




7KHVHSHRSOHQHHGWR FDUHIXOO\FRQVLGHU WKHDFWLRQVUHTXLUHGRIWKHPWR FRPSO\ZLWKWKHVHUHJXODWLRQV7KH\VKRXOGZKHUHDSSURSULDWH

•

WDNHUHDVRQDEOHVWHSVWRHQVXUHWKDWDQ\GLYLQJFRQWUDFWRUVHOHFWHGLVFDSDEOHRIFRPSO\LQJZLWKWKHUHJXODWLRQV

• PDNH DYDLODEOH WR WKH GLYLQJFRQWUDFWRUWKHUHVXOWV RIDQ\ ULVN DVVHVVPHQWV

XQGHUWDNHQE\RWKHUSHUVRQVXQGHURWKHUVWDWXWRU\OHJLVODWLRQWKDWFRXOGDIIHFW

WKHKHDOWKDQGVDIHW\RIWKHGLYHWHDP

• DJUHHWRSURYLGHIDFLOLWLHVDQGH[WHQGDOOUHDVRQDEOHVXSSRUWWRWKHVXSHUYLVRU

RU GLYLQJ FRQWUDFWRU LQ WKH HYHQW RI DQ HPHUJHQF\ 7KH GLYLQJ SURMHFW SODQVKRXOGUHIOHFWWKLV

• FRQVLGHUZKHWKHUDQ\NQRZQXQGHUZDWHURUDERYHZDWHULWHPVRISODQWXQGHU

WKHLUFRQWUROPD\FDXVHDKD]DUGWRWKHGLYHWHDP• FRQVLGHUZKHWKHU RWKHU DFWLYLWLHV LQWKH YLFLQLW\PD\DIIHFWWKHVDIHW\RIWKH

GLYLQJSURMHFW

• HQVXUHWKH\KDYHDIRUPDOFRQWUROV\VWHPLQSODFHWRFRYHUGLYLQJDFWLYLWLHV

•

SURYLGHWKHGLYLQJFRQWUDFWRUZLWKGHWDLOVRIDQ\SRVVLEOHVXEVWDQFHOLNHO\WREH

HQFRXQWHUHGE\WKHGLYHWHDPWKDWZRXOGEHDKD]DUGWRWKHLUKHDOWK

• NHHSWKHVXSHUYLVRULQIRUPHGRIDQ\FKDQJHVWKDWPD\DIIHFWWKHVXSHUYLVRU¶VGLYLQJRSHUDWLRQLQVRIDUDVWKH\KDYHFRQWURORUNQRZOHGJHRIVXFKFKDQJHV

7KHUHJXODWLRQVDOVRDGGUHVVWKHUHVSRQVLELOLWLHVRIGLYLQJFRQWUDFWRUVVXSHUYLVRUVDQGGLYHUVWKHPVHOYHV)XUWKHU LQIRUPDWLRQ LV DYDLODEOH LQ WKH 'LYLQJ DW :RUN 5HJXODWLRQV &RPPHUFLDO'LYLQJ3URMHFWV2IIVKRUH$SSURYHG&RGHRI3UDFWLFHDQGWKH'LYLQJDW:RUN 5HJXODWLRQV &RPPHUFLDO 'LYLQJ 3URMHFWV ,QODQG,QVKRUH $SSURYHG&RGHRI3UDFWLFH

7+( 5(*8/$725< 5()250 ),5( 6$)(7< 25'(5 7+( ),5(

6&27/$1' $&7 $1' 7+( ),5( 6$)(7< 6&27/$1'5(*8/$7,2167KLVRUGHUDFWDQGUHJXODWLRQVDUHWKHVXSSRUWLQJVHWVRIOHJLVODWLRQZKLFKFRYHUDOO DVSHFWV RI ZRUN SUHPLVHV ZLWK UHJDUG WR ILUH 7KH WRSLFV LQFOXGH ILUH ULVNDVVHVVPHQWVILUHSUHFDXWLRQVSURYLVLRQDQGWUDLQLQJ7+( 6$)(7< 5(35(6(17$7,9(6 $1' 6$)(7< &200,77((¶6

5(*8/$7,2166,1R

DQG

7+( +($/7+ $1' 6$)(7< &2168/7$7,21 :,7+ (03/2<((6

5(*8/$7,2166,1R(PSOR\HUV KDYH D GXW\ WR FRQVXOW WKHLU HPSOR\HHV LQ JRRG WLPH RQ PDWWHUVUHODWLQJWRWKHLUKHDOWKDQGVDIHW\DWZRUN7KLVDSSOLHVLUUHVSHFWLYHRIZKHWKHUWKH

HPSOR\HHVDUHUHSUHVHQWHGE\6DIHW\5HSUHVHQWDWLYHVRUQRW6,1RKDVEHHQDPHQGHGPDQ\WLPHVWKHODWHVWEHLQJLQ7KHVHUHJXODWLRQVFRYHUZRUNSODFHVZKHUHWKHUHLVUHSUHVHQWDWLRQRIWKHZRUNIRUFHE\VDIHW\UHSUHVHQWDWLYHV6DIHW\5HSUHVHQWDWLYHVDUHXVXDOO\VHOHFWHGE\WKHXQLRQ6,1RFRYHUVZRUNSODFHVZKHUHWKHUHDUHQRVDIHW\UHSUHVHQWDWLYHV7KLVPD\EHEHFDXVHWKHZRUNSODFHLVQRQXQLRQLVHG




7+(3529,6,21$1'86(2):25.(48,30(175(*8/$7,2166,1R7KH 3URYLVLRQ DQG 8VH RI :RUN (TXLSPHQW 5HJXODWLRQV DSSO\ WR DOOHTXLSPHQWLQFOXGLQJOLIWLQJHTXLSPHQWDWZRUN7KHVHUHJXODWLRQVSODFHJHQHUDO

GXWLHVRQHPSOR\HUVDQGOLVWPLQLPXPUHTXLUHPHQWVIRUZRUNHTXLSPHQWWRGHDOZLWK VHOHFWLYH KD]DUGV ZKDWHYHU WKH LQGXVWU\ ,PSRUWDQW QHZ DGGLWLRQV ZHUHLQWURGXFHG LQ LQFOXGLQJ D UHTXLUHPHQW WR LQVSHFWZRUN HTXLSPHQW ZKHUHVLJQLILFDQWULVNFRXOGUHVXOWIURPLQFRUUHFWLQVWDOODWLRQRUUHORFDWLRQGHWHULRUDWLRQRU DV D UHVXOW RI H[FHSWLRQDO FLUFXPVWDQFHV DQG WR UHFRUG WKH UHVXOWV RILQVSHFWLRQV 7KHUH DUH DOVR UHTXLUHPHQWV WR GHDO ZLWK ULVNV IURP PRELOH ZRUNHTXLSPHQW

7+(6833/<2)0$&+,1(5<6$)(7<5(*8/$7,2166,1R7KHVHUHJXODWLRQVUHTXLUHWKDW VXSSOLHUVDQGPDQXIDFWXUHUVRIPDFKLQHU\HQVXUHWKDWWKHPDFKLQHU\FRPSOLHVZLWKGHILQHGUHTXLUHPHQWVLVPDUNHG(&0DUNDQGLVFHUWLILHGE\DQDSSURYHGERG\/,)7,1* 23(5$7,216 /,)7,1* (48,30(17 5(*8/$7,216 6,

1R7KH /LIWLQJ 2SHUDWLRQVDQG /LIWLQJ (TXLSPHQW 5HJXODWLRQV /2/(5 DLPWRUHGXFHULVNVWRSHRSOH¶VKHDOWKDQGVDIHW\IURPOLIWLQJHTXLSPHQWSURYLGHGIRUXVHDW ZRUN 7KHVH UHJXODWLRQV VHW RXW VSHFLILF UHTXLUHPHQWV IRU FRQWUROOLQJ OLIWLQJRSHUDWLRQV DQG HQVXULQJ ERWK OLIWLQJ HTXLSPHQW DQG DFFHVVRULHV DUH UHJXODUO\WHVWHGDQGWKRURXJKO\H[DPLQHGSULRUWRXVH127(OLIWLQJHTXLSPHQWLVDOVRVXEMHFWWRWKHUHTXLUHPHQWVRIWKH3URYLVLRQ8VHRI:RUN(TXLSPHQW5HJXODWLRQV

35(6685((48,30(175(*8/$7,2166,1R7KHVH UHJXODWLRQV DUH WKH 8. LQWHUSUHWDWLRQ RI WKH (8 3UHVVXUH (TXLSPHQW

'LUHFWLYHWKH\VHWRXWVSHFLILFGHVLJQFULWHULDIRUSUHVVXUHV\VWHPVDQGHTXLSPHQW

WR HQVXUH WKH\ KDYH EHHQ FRQVWUXFWHG FRUUHFWO\ DUH DSSURSULDWHO\ WHVWHG DQG

ZHUHUHOHYDQW&(PDUNHGSULRUWRVXSSO\$OOSUHVVXUHHTXLSPHQWXVHGZLWKLQWKH

8.VKDOOEHUHTXLUHGWRFRPSO\ZLWKWKHVHUHJXODWLRQV

7+(35(685(6<67(066$)(7<5(*8/$7,2166,1R7KHVH UHJXODWLRQV DSSO\ WR DOO LQVWDOOHG SUHVVXUH V\VWHPV :KHUH D V\VWHPH[FHHGV EDU OLWUHV SURGXFWRI SUHVVXUH DQG YROXPH DZULWWHQ VFKHPH RISHULRGLFH[DPLQDWLRQE\DQLQGHSHQGHQWFRPSHWHQWSHUVRQLVUHTXLUHG(/(&75,&,7<$7:25.5(*8/$7,2166,1R7KHVH UHJXODWLRQV OD\ GRZQ SULQFLSOHV RI VDIHW\ WKDW DSSO\ WR WKH JHQHUDWLRQSURYLVLRQ WUDQVPLVVLRQ WUDQVIRUPDWLRQ UHFWLILFDWLRQ FRQYHUVLRQ FRQGXFWLRQGLVWULEXWLRQFRQWUROVWRUDJHPHDVXUHPHQWDQGXVHRIHOHFWULFDOHQHUJ\7KH SXUSRVH RI WKH UHJXODWLRQV LV WR HQVXUH DSSURSULDWH VDIHW\SUHFDXWLRQV DUHWDNHQ WRSUHYHQW WKH ULVN RI GHDWK RU SHUVRQDO LQMXU\ IURP HOHFWULFLW\$V VXFKWKHVHUHJXODWLRQVLPSRVHUHTXLUHPHQWVIRUGHHQHUJLVLQJV\VWHPVSULRUWRVWDUWLQJZRUN7KHUHJXODWLRQVLPSRVHGXWLHVRQSHUVRQVUHIHUUHGWRDVµGXW\KROGHUV¶LQUHVSHFWRIV\VWHPVHOHFWULFDOHTXLSPHQWDQGFRQGXFWRUVDQGLQUHVSHFWRIZRUNDFWLYLWLHVRQRUQHDUHOHFWULFDOHTXLSPHQW

7+((/(&75,&,7<6$)(7<48$/,7<$1'&217,18,7<5(*8/$7,2166,1R7KHVHUHJXODWLRQVDSSO\WRHOHFWULFLW\VXSSOLHUVDQGGLVWULEXWRUVUHJDUGLQJDVSHFWVRI VXSSO\ DQG GLVWULEXWLRQ LQFOXGLQJ VXFK WRSLFV DV SURWHFWLRQ DQG HDUWKLQJVXEVWDWLRQVXQGHUJURXQGFDEOHVDQGHTXLSPHQWRYHUKHDG OLQHVJHQHUDWLRQDQG

VXSSOLHVWRLQVWDOODWLRQVDQGWRRWKHUQHWZRUNV




7+((/(&7520$*1(7,&&203$7,%,/,7<5(*8/$7,2166,1R

7KHUHJXODWLRQVDUHWKH8.LQWHUSUHWDWLRQRIWKH(8(OHFWURPDJQHWLFFRPSDWLELOLW\

'LUHFWLYH 7KH UHJXODWLRQV SURYLGH LQIRUPDWLRQ WR GHVLJQHUV WR DOORZ WKHP WR

FRQVLGHU WKH HIIHFWV RQ WKHLU HOHFWULFDO HTXLSPHQW IURP HOHFWURPDJQHWLF IRUFHVJHQHUDWHGIURPRWKHUHOHFWULFDOHTXLSPHQW

7+(:25.$7+(,*+75(*8/$7,2167KH:RUNDW+HLJKW5HJXODWLRQVDSSO\WRDOOZRUNDWKHLJKWZKHUHWKHUHLVD

ULVNRIDIDOOOLDEOHWRFDXVHSHUVRQDOLQMXU\7KH\SODFHGXWLHVRQHPSOR\HUVWKH

VHOIHPSOR\HGDQGDQ\SHUVRQWKDWFRQWUROVWKHZRUNRIRWKHUVWRWKHH[WHQWRIWKHLUFRQWUROIRUH[DPSOHZDYHDQGWLGDOGHYLFHVRZQHUVZKRPD\FRQWUDFWRWKHUVWRZRUNDWKHLJKW

7KHUHJXODWLRQVLQFOXGHVFKHGXOHVJLYLQJUHTXLUHPHQWVIRUH[LVWLQJSODFHVRIZRUNDQGPHDQVRIDFFHVVIRUZRUNDWKHLJKWFROOHFWLYHIDOOSUHYHQWLRQHJJXDUGUDLOV

DQGZRUNLQJSODWIRUPVFROOHFWLYHIDOODUUHVWHJQHWVDLUEDJVHWFSHUVRQDOIDOO

SURWHFWLRQHJZRUNUHVWUDLQWVIDOODUUHVWDQGURSHDFFHVVDQGODGGHUV

&21),1('63$&(65(*8/$7,2166,1R 7KHVH UHJXODWLRQVDSSO\ WRDOOZRUNVLWXDWLRQVLQ *UHDW%ULWDLQ H[FHSWIRU GLYLQJRSHUDWLRQVDQGPLQLQJ7KHNH\GXWLHVDUH

• DYRLGHQWU\WRFRQILQHGVSDFHVHJE\GRLQJWKHZRUNIURPRXWVLGH

• LIHQWU\WRDFRQILQHGVSDFHVLVXQDYRLGDEOHDVVHVVWKHULVNVDQGIROORZDVDIHV\VWHPRIZRUN

• SXWLQSODFHDGHTXDWHHPHUJHQF\DUUDQJHPHQWVEHIRUHWKHZRUNVWDUWV

7+(&21752/2)9,%5$7,21$7:25.5(*8/$7,2166,1R

7KHVHUHJXODWLRQVUHTXLUHHPSOR\HUVWRSURWHFWWKHLUHPSOR\HHVIURPH[SRVXUHWR

YLEUDWLRQLQMXU\7ZRGLIIHUHQWW\SHVRIYLEUDWLRQLQMXU\DUHGHVFULEHGZLWKLQWKHVHUHJXODWLRQV:KROH%RG\±IURPYLEUDWLQJSODQWYHKLFOHVSODWIRUPVHWF+DQG$UP±IURPHOHFWULFDOSQHXPDWLFK\GUDXOLFSRZHUWRROV7KHUHJXODWLRQVUHTXLUHDQDVVHVVPHQWRIULVNWREHXQGHUWDNHQFRQWURORIZRUNDFWLYLW\ WR HQVXUH QRRQH LV H[SRVHG WR YLEUDWLRQV IUHTXHQFLHV DERYH VSHFLILHGDFWLRQOHYHOV7+(12,6($7:25.5(*8/$7,2166,1R7KHVHUHJXODWLRQVDUHLQWHQGHGWRUHGXFHKHDULQJGDPDJHFDXVHGE\ORXGQRLVH7KH\UHTXLUHHPSOR\HUVWRWDNHDFWLRQZKHQQRLVHH[SRVXUHUHDFKHVDQG%$ µ)LUVW $FWLRQ /HYHO¶ DQG IXUWKHU DFWLRQ LI LW UHDFKHV G%$ $W WKH )LUVW $FWLRQ/HYHO HPSOR\HUV KDYH WR SURYLGH HDU SURWHFWRUV WR DQ\ HPSOR\HHV ZKR ZDQW

WKHP &RQWURO RI OHYHOV DERYH G%$ KDV WR EH E\ PHDQV RWKHU WKDQ HDUSURWHFWRUVZKHUHUHDVRQDEO\SUDFWLFDEOH&21752/2)68%67$1&(6+$=$5'28672+($/7+5(*8/$7,216

DVDPHQGHG±6,1R6,1R7KH &RQWURO RI 6XEVWDQFHV +D]DUGRXV WR+HDOWK 5HJXODWLRQV DV DPHQGHG

&26++UHTXLUHHPSOR\HUVWRHQVXUHWKDWH[SRVXUHRIWKHLUHPSOR\HHVWR

KD]DUGRXVVXEVWDQFHVLVHLWKHUSUHYHQWHGRULIWKLVLVQRWUHDVRQDEO\SUDFWLFDEOHDGHTXDWHO\ FRQWUROOHG 8QGHU WKHVH UHJXODWLRQV VRPH RI WKH HPSOR\HU¶VUHVSRQVLELOLWLHVH[WHQGWRSHRSOHRWKHUWKDQHPSOR\HHVZKRPD\EHDIIHFWHGE\

WKHZRUNDFWLYLW\




7KH HPSOR\HU LV UHTXLUHG WRFDUU\ RXW DQDVVHVVPHQWRI WKH KHDOWK ULVNVZKLFKPLJKWDULVHIURPWKHYDULRXVZRUNDFWLYLWLHVDQGVWDWHWKHDFWLRQWKH\LQWHQGWR

WDNH WR SUHYHQW RU FRQWURO WKH H[SRVXUH RI WKHLU ZRUNIRUFH WR KD]DUGRXV

VXEVWDQFHVDQGWRFRPSO\ZLWKRWKHUUHTXLUHPHQWVRIWKHUHJXODWLRQV

7KHUHJXODWLRQVUHTXLUHDOOHPSOR\HUVWR

• DVVHVV WKH ULVN WR WKHLU HPSOR\HHVDQG RWKHUV IURPH[SRVXUH WRKD]DUGRXV

VXEVWDQFHVDWZRUNDQGVRHVWDEOLVKZKHWKHUSUHFDXWLRQVDUHQHHGHG7KLVZLOO

LQFOXGHGHWHUPLQLQJZKDWVXEVWDQFHVDUHSUHVHQWDQGLQZKDWIRUPKRZDUHWKH\KDQGOHGZKDWKDUPIXOHIIHFWVDUHSRVVLEOHZKRLVOLNHO\WREHDIIHFWHG

• LQWURGXFHDSSURSULDWHPHDVXUHV WRSUHYHQWRU FRQWURO WKHH[SRVXUH WRWKRVHVXEVWDQFHVZKHUHDULVNKDVEHHQLGHQWLILHGZKLFKQHHGVWREHFRQWUROOHGVXFKDVVXEVWLWXWLRQE\DVDIHUSURGXFW

• HQVXUH WKDW FRQWURO PHDVXUHV DUH XVHG DQG WKDW HTXLSPHQW LV SURSHUO\

PDLQWDLQHGDQGSURFHGXUHVREVHUYHG

• ZKHUH QHFHVVDU\ PRQLWRU WKH H[SRVXUH RI WKH ZRUNHUV DQG FDUU\ RXW DQ

DSSURSULDWHIRUPRIVXUYHLOODQFHRIWKHLUKHDOWK• LQIRUPLQVWUXFWDQGWUDLQHPSOR\HHVDERXWWKHULVNVDQGWKHSUHFDXWLRQVWREH

WDNHQ

3UDFWLFDOJXLGDQFHRQ&26++LVJLYHQLQ+6(SXEOLFDWLRQV&26++±7KH&RQWURORI

6XEVWDQFHV+D]DUGRXVWR+HDOWK5HJXODWLRQVDVDPHQGHG$SSURYHG

&RGHRI3UDFWLFHDQG*XLGDQFH/7+( '$1*(5286 68%67$1&(6 $1' (;3/62,9(6 $70263+(56

5(*8/$7,2166,1R7KHVH UHJXODWLRQV FRQFHUQ WKH XVH RI DQ\ VXEVWDQFH RU SUHSDUDWLRQ LQ WKHZRUNSODFHZKLFK LV H[SORVLYHR[LGLVLQJH[WUHPHO\ IODPPDEOH KLJKO\IODPPDEOHRUIODPPDEOH5LVNDVVHVVPHQWVDUHUHTXLUHGZKLFKIRFXVXSRQWKHHOLPLQDWLRQRUUHGXFWLRQRIULVNVIURPWKHGDQJHURXVVXEVWDQFHV

7+(&$55,$*(2)'$1*(528668%67$1&(686(2)75$163257$%/(

35(6685((48,30(175(*8/$7,2166,7KHVHUHJXODWLRQVFRYHUWKHFDUULDJHWUDQVSRUWDWLRQE\URDGUDLODLUDQGVHDRIVXEVWDQFHVKD]DUGRXVWRKHDOWK7KH\UHTXLUHD'DQJHURXV*RRGV6DIHW\$GYLVRU

WRSUHSDUHDSSURSULDWHGRFXPHQWDWLRQWRHQVXUHVDIHWUDQVSRUWDWLRQDQGUHTXLUHG

QRWLILFDWLRQRIVSHFLILFVXEVWDQFHVWKHKD]DUGRXVVXEVWDQFH+($/7+ $1'6$)(7< ',63/$<6&5((1 (48,30(17 5(*8/$7,216 6,1R7KH UHJXODWLRQV LPSRVHPLQLPXPKHDOWK DQGVDIHW\ UHTXLUHPHQWV IRUZRUNZLWKGLVSOD\ VFUHHQ HTXLSPHQW ZKHUH WKHUH LV D µXVHU¶ WKDW LV DQ HPSOR\HH ZKRKDELWXDOO\XVHVGLVSOD\VFUHHQHTXLSPHQWDVDVLJQLILFDQWSDUWRIQRUPDOZRUN7+(0$18$/+$1'/,1*23(5$7,2165(*8/$7,2166,1R7KH 0DQXDO +DQGOLQJ 2SHUDWLRQV 5HJXODWLRQV UHTXLUH HPSOR\HUV WR WDNHUHDVRQDEO\SUDFWLFDEOHVWHSVWRDYRLGPDQXDOKDQGOLQJDFWLYLWLHVZKHUHWKHUHLVDULVN RI LQMXU\ :KHUH VXFKPDQXDO KDQGOLQJ FDQQRW EH DYRLGHG WKH HPSOR\HUVKRXOGPDNHDQDVVHVVPHQWDQGWDNHDSSURSULDWHPHDVXUHVWRUHGXFHWKHULVNRILQMXU\WRWKHORZHVWOHYHOUHDVRQDEO\SUDFWLFDEOH7KHDVVHVVPHQWZLOOIRUPSDUWRIWKHRYHUDOOULVNDVVHVVPHQWUHTXLUHGE\WKH0DQDJHPHQWRI+HDOWKDQG6DIHW\DW:RUN5HJXODWLRQV




3(5621$/ 3527(&7,9( (48,30(17$7:25. 33( 5(*8/$7,216 6,1R7KH3HUVRQDO3URWHFWLYH(TXLSPHQWDW:RUN5HJXODWLRQV UHTXLUH HPSOR\HUVWRPDNHVXUHWKDWVXLWDEOHSHUVRQDOSURWHFWLYHHTXLSPHQWLVSURYLGHGDQGXVHGE\

HPSOR\HHV ZKHUHYHU WKHUH LV D ULVN WR KHDOWK DQG VDIHW\ WKDW FDQQRW EHDGHTXDWHO\FRQWUROOHGE\RWKHUPHDQV7KLVLQFOXGHVIRUH[DPSOHWKHSURYLVLRQRIVDIHW\IRRWZHDUZKHUHWKHUHLVDULVNRIIRRWLQMXULHVKHDGJHDUZKHUHWKHUHLVDULVN RI KHDG LQMXULHV RU VXLWDEOH RXWGRRU FORWKLQJ LI WKH MRE LQYROYHV ZRUNLQJRXWVLGHLQDGYHUVHZHDWKHUFRQGLWLRQVWKDWFRXOGSUHMXGLFHWKHKHDOWKDQGVDIHW\RIWKHHPSOR\HHV

7+( &216758&7,21 +($' 3527(&7,21 5(*8/$7,216 6,

1R(YHU\GXW\KROGHULQFKDUJHRIDVLWHKDVDGXW\WRHQVXUHWKDWDOOSHUVRQVZKRDUH DW ZRUN RQ RSHUDWLRQV RU ZRUNV RQ WKDW VLWH DUH ZHDULQJ VXLWDEOH KHDGSURWHFWLRQ7+(+($/7+$1'6$)(7<6$)(7<6,*16$1'6,*1$/65(*8/$7,216

6,1R

6DIHW\ VLJQV VKRXOGEHSURYLGHGZKHUH WKH ULVN DVVHVVPHQW LQGLFDWHV WKDW ULVNV

FDQQRWEHDYRLGHGRUDGHTXDWHO\FRQWUROOHGLQRWKHUZD\V+($/7+$1'6$)(7<),567$,'5(*8/$7,2166,1R8QGHU WKH +HDOWKDQG 6DIHW\ )LUVW$LG 5HJXODWLRQV D ULVN DVVHVVPHQW RI

ILUVW DLG QHHGV LV UHTXLUHG WR EH FRPSOHWHG ,Q DGGLWLRQ DOO ZRUNSODFHV VKRXOG

KDYHILUVWDLGPDWHULDO LQD FOHDUO\ LGHQWLILHGER[DQGDQDSSRLQWHGSHUVRQV WRHQVXUH WKH SURSHU PDQDJHPHQW RI LQMXULHV RU LOOQHVVHV DW ZRUN 7KH ILUVWDLG

SURYLVLRQZLOOGHSHQGRQDYDULHW\RIIDFWRUVLQFOXGLQJWKHQDWXUHDQGGHJUHHRIWKH KD]DUGV DW ZRUN ZKHWKHU WKHUH LV VKLIW ZRUN ZKDW PHGLFDO VHUYLFHV DUH

DYDLODEOH DQG WKH QXPEHU RI HPSOR\HHV 7KH +6( ERRNOHW )LUVW $LG DW :RUN

H[SODLQV WKHUHTXLUHPHQWV DQG SURYLGHV JXLGDQFH WRKHOS HPSOR\HUVPHHW WKHLU

REOLJDWLRQV7+( 5(3257,1* 2) ,1-85,(6 ',6($6(6 $1' '$1*(52862&&855(1&(65(*8/$7,2166,1R

7KH5HSRUWLQJRI,QMXULHV'LVHDVHVDQG'DQJHURXV2FFXUUHQFHV5HJXODWLRQV

5,''25UHTXLUHHPSOR\HUVSHRSOHLQFRQWURORISUHPLVHVDQGLQVRPHFDVHVWKHVHOIHPSOR\HG WR UHSRUW FHUWDLQ W\SHV RI LQMXU\ RFFXSDWLRQDO LOO KHDOWK DQG

GDQJHURXVRFFXUUHQFHVWRWKHHQIRUFLQJDXWKRULW\

7KHUHDUHVHYHUDOFDVHVLQZKLFKLQMXULHVDQGLQFLGHQWVKDYHWREHUHSRUWHGWRDQ

HQIRUFLQJDXWKRULW\DQGWKHVHGHSHQGRQWKHVHYHULW\DQGWKHSRWHQWLDOIRUKDUPD LDQHPSOR\HHRUDYLVLWRUGLHVRUVXIIHUVDPDMRULQMXU\LQDQDFFLGHQW

DULVLQJIURPRULQFRQQHFWLRQZLWKZRUNRU

LL VRPHRQHZKRLVQRWDWZRUNHJPHPEHURI WKHSXEOLFVXIIHUVDQLQMXU\ DV D UHVXOW RI DQ DFFLGHQW DQG LV WDNHQ WR KRVSLWDO IRU

WUHDWPHQWRULLLWKHUHLVDGDQJHURXVRFFXUUHQFH7KHQWKHHPSOR\HUVKRXOGQRWLI\WKHHQIRUFLQJ DXWKRULW\ IRUWKZLWK E\ WKH TXLFNHVW SUDFWLFDEOH PHDQV

QRUPDOO\E\WHOHSKRQHDQGZLWKLQVHYHQGD\VVHQGDZULWWHQ UHSRUW

XVLQJ )RUP DYDLODEOH IURP+6( %RRNV 5HSRUWV DUH UHTXLUHG

ZKHWKHURUQRWWKHSHUVRQFRQFHUQHGLVDQHPSOR\HHEZKHUHDQ\RQHDWZRUNLVRIIZRUNRUFDQQRWFDUU\RXWWKHLUQRUPDOGXWLHVIRUPRUHWKDQWKUHHFRQVHFXWLYHGD\VDVDUHVXOWRIDQDFFLGHQWDWZRUNWKLVLVDOVR

UHSRUWDEOH DQG WKH HPSOR\HUKDV VHYHQ GD\V LQ ZKLFK WR VHQG D UHSRUW WR WKHHQIRUFLQJDXWKRULW\




7+( +($/7+ 6$)(7< 0LVFHOODQHRXV $PHQGPHQWV 5(*8/$7,2166,1R7KHVH UHJXODWLRQV LQFOXGH YDULRXV DPHQGPHQWV WR FXUUHQW 8. OHJLVODWLRQ WKLV

LQFOXGHV

Ȭ 7KH+HDOWK6DIHW\)LUVW$LG5HJXODWLRQV

Ȭ 7KH0DQXDO+DQGOLQJ5HJXODWLRQV

Ȭ 7KH33(5HJXODWLRQV

Ȭ 7KH+HDOWK6DIHW\'LVSOD\6FUHHQ(TXLSPHQW5HJXODWLRQV

Ȭ 7KH3URYLVLRQDQG8VHRI:RUN(TXLSPHQW5HJXODWLRQV7+( &2$67 3527(&7,21 $&7 $6 $0(1'(' %< 7+( 0(5&+$176+,33,1*$&7 6HFWLRQ±5HVWULFWLRQRI:RUNV'HWULPHQWDOWR1DYLJDWLRQ1RSHUVRQVKDOOZLWKRXWWKHFRQVHQWRIWKH6HFUHWDU\RI6WDWHIRU7UDQVSRUW/RFDO*RYHUQPHQWDQGWKH5HJLRQVD &RQVWUXFW DOWHU RU LPSURYH DQ\ ZRUNV RQ XQGHU RU RYHU DQ\ SDUW RI WKH

VHDVKRUHO\LQJEHORZWKHOHYHORIPHDQKLJKZDWHUVSULQJV

E 'HSRVLWDQ\REMHFWRUDQ\PDWHULDOVRQDQ\VXFKSDUWRIWKHVHDVKRUHRUF 5HPRYH DQ\ REMHFW RU DQ\PDWHULDOV IURP DQ\ SDUW RI WKH VHDVKRUH O\LQJ

EHORZ WKH OHYHO RI PHDQ KLJKZDWHU VSULQJV LI WKH RSHUDWLRQ FDXVHV RU LV

OLNHO\WRUHVXOWLQREVWUXFWLRQRUGDQJHUWRQDYLJDWLRQ7KH 6HFUHWDU\ RI 6WDWH PD\ DV D FRQGLWLRQ RI FRQVLGHULQJ DQ DSSOLFDWLRQ IRUFRQVHQWXQGHUWKLVVHFWLRQUHTXLUHWREHIXUQLVKHGZLWKVXFKSODQVDQGSDUWLFXODUVRIWKHSURSRVHGRSHUDWLRQDVKHPD\FRQVLGHUQHFHVVDU\,IWKH6HFUHWDU\RI6WDWHLVRIWKHRSLQLRQWKDWDQ\RSHUDWLRQZLOOFDXVHRULVOLNHO\WRUHVXOWLQREVWUXFWLRQRUGDQJHUWRQDYLJDWLRQKHPD\UHIXVHFRQVHQWRUJLYHKLVFRQVHQW VXEMHFW WR FRQGLWLRQV KDYLQJ UHJDUG WR WKH QDWXUH DQG H[WHQW RI WKHREVWUXFWLRQRUGDQJHU

7+()$&725<$&7 7KHPDMRULW\RIWKLV$FWKDVQRZEHHQUHSHDOHGE\WKH+HDOWKDQG6DIHW\DW:RUNHWF $FW DQG VXEVHTXHQW (& 'LUHFWLYHV 6HFWLRQ RI WKH $FW UHJDUGLQJ(OHFWULFDO6WDWLRQVVWLOODSSOLHV$OVRDQXPEHURI VHWVRIUHJXODWLRQVZHUHPDGHXQGHUWKLV$FWZKLFKDUHVWLOOQHHGHGWRFRYHUSDUWLFXODULQGXVWULHVDQGZRUNSODFHVZKLFKKDYHVSHFLILFKD]DUGVDQGDVVRFLDWHG ULVNV WKDWQHHGWREH UHJXODWHGDQGFRQWUROOHG7KHVHUHJXODWLRQVLQFOXGHWKH'RFNV5HJXODWLRQV6,1RVHHDERYHDQGWKH%UHDWKLQJ$SSDUDWXVHWF5HSRUWRQ([DPLQDWLRQ2UGHU6,1R

2)),&(66+236$1'5$,/:$<35(0,6(6$&7 7KLV$FWIROORZHGWKHJHQHUDOSDWWHUQRIWKH)DFWRULHV$FWDQGOLNHWKDW$FWPXFK RI LW ZDV UHSHDOHG E\ WKH +HDOWK DQG 6DIHW\ DW :RUN HWF $FW DQGVXEVHTXHQW(&'LUHFWLYHV,WGRHVVWLOOFRYHUSUHPLVHVWKDWDUHHLWKHULQVLQJOHRUPXOWLSOHRZQHUVKLS




$33(1',;5()(5(1&(6

7KH IROORZLQJ SXEOLFDWLRQ UHIHUHQFHV KDYH EHHQ SURYLGHG WR DOORZ UHDGHUV ZKRZLVKWRXQGHUVWDQGPRUHDERXWWKHDSSOLFDWLRQDQGLQWHUSUHWDWLRQRIVSHFLILFDUHDVRI8.KHDOWKVDIHW\OHJLVODWLRQDSSURYHGFRGHVRISUDFWLFHDQGJXLGDQFH

127($OOSXEOLFDWLRQVDUHDYDLODEOHIURP+6(%RRNV7KH6WDWLRQDU\2IILFH762RUIURPPRVWODUJHERRNVWRUHV

+6(%RRNVFDWDORJXH)UHHIURP+6(%RRNV

6XFFHVVIXO+HDOWKDQG6DIHW\0DQDJHPHQW+6*,6%1

0DQDJHPHQWRI+HDOWKDQG6DIHW\DW:RUN0DQDJHPHQWRI+HDOWKDQG6DIHW\DW:RUN 5HJXODWLRQV $SSURYHG &RGHRI3UDFWLFH*XLGDQFH / ,6%1

0DQDJLQJ+HDOWKDQG6DIHW\)LYH6WHSVWR6XFFHVV+6(IUHHOHDIOHW,1'*

0DQDJLQJ +HDOWK 6DIHW\ LQ &RQVWUXFWLRQ ± &RQVWUXFWLRQ 'HVLJQ DQG0DQDJHPHQW5HJXODWLRQV$SSURYHGFRGHRI3UDFWLFHDQG*XLGDQFH±/±,6%1

0DQDJLQJ&RQWUDFWRUV±$JXLGHIRUHPSOR\HUV±+6*±,6%1

+HDOWKDQG6DIHW\5HJXODWLRQ$VKRUW*XLGH+6(IUHHOHDIOHW+6&5HY

'LUHFWRUV¶UHVSRQVLELOLWLHVIRUKHDOWKVDIHW\+6(IUHHOHDIOHW±,1'*

1HHGKHOSRQKHDOWKVDIHW\"*XLGDQFHIRUHPSOR\HUVRQZKHQDQGKRZWRJHW

DGYLFHRQKHDOWKVDIHW\+6(IUHHOHDIOHW,1'*6WHSVWR5LVN$VVHVVPHQW+6(IUHHOHDIOHW,1'*

$*XLGHWRWKH+HDOWK6DIHW\&RQVXOWDWLRQZLWK(PSOR\HHV5HJXODWLRQV±

/±,6%1

(VVHQWLDOVRI+HDOWKDQG6DIHW\DW:RUN,6%1;

:RUNSODFH +HDOWK 6DIHW\ DQG :HOIDUH 5HJXODWLRQV $SSURYHG &RGH RI3UDFWLFHDQG*XLGDQFH/,6%1

+6*0DQDJLQJ+HDOWK6DIHW\LQ'RFN:RUN±

'DQJHURXV6XEVWDQFHVDQG ([SORVLYH$WPRVSKHUHV'DQJHURXV6XEVWDQFHVDQG

([SORVLYHV$WPRVSKHUHV5HJXODWLRQV$SSURYHG&RGHRI3UDFWLFH±/,6%1

6DIHW\ LQ 'RFNV 'RFNV 5HJXODWLRQV ± $SSURYHG &RGH RI 3UDFWLFH ZLWK

5HJXODWLRQVDQG*XLGDQFH±&23±,6%16DIHW\ 6LJQV DQG 6LJQDOV ± 7KH +HDOWK DQG 6DIHW\ 6DIHW\ VLJQV DQG 6LJQDOV

5HJXODWLRQV*XLGDQFHRQ5HJXODWLRQV±/,6%1




0HPRUDQGXPRI*XLGDQFHRQWKH(OHFWULFLW\DW:RUN5HJXODWLRQV+65,6%1

(OHFWULFLW\DW:RUN6DIH:RUNLQJ3UDFWLFHV+6*,6%1%6 5HTXLUHPHQWV IRU (OHFWULFDO ,QVWDOODWLRQV ,((:LULQJ 5HJXODWLRQV

,QVWLWXWLRQRI(OHFWULFDO(QJLQHHUVWK(GLWLRQ,6%1

$YRLGDQFHRI'DQJHUIURP2YHUKHDG(OHFWULFDO3RZHU/LQHV*6,6%1

6DIH8VHRI:RUN(TXLSPHQW3URYLVLRQDQG8VHRI:RUN(TXLSPHQW5HJXODWLRQV$SSURYHG&RGHRI3UDFWLFH*XLGDQFHRQWKH5HJXODWLRQV/,6%1

6LPSOH*XLGH WR WKH3URYLVLRQDQG8VHRI:RUN (TXLSPHQW 5HJXODWLRQV ±

+6(IUHHOHDIOHW,1'*

6DIH 8VH RI /LIWLQJ (TXLSPHQW /LIWLQJ 2SHUDWLRQV DQG /LIWLQJ (TXLSPHQW5HJXODWLRQV$SSURYHG&RGHRI3UDFWLFHDQG*XLGDQFH/,6%1

7HFKQLFDOJXLGDQFHRQWKHVDIHXVHRIOLIWLQJHTXLSPHQWRIIVKRUH6HFRQG(GLWLRQ±+6*±,6%1

6LPSOH*XLGHWRWKH/LIWLQJ2SHUDWLRQVDQG/LIWLQJ(TXLSPHQW5HJXODWLRQV

+6(IUHHOHDIOHW,1'*

6DIHW\ RI 3UHVVXUH 6\VWHP ± 3UHVVXUH V\VWHPV 6DIHW\ 5HJXODWLRQV

$SSURYHG&RGHRI3UDFWLFH±/,6%1

:RUN ZLWK GLVSOD\ VFUHHQ HTXLSPHQW +HDOWK DQG 6DIHW\ 'LVSOD\ 6FUHHQ

(TXLSPHQW5HJXODWLRQV$VDPHQGHG*XLGDQFHRQWKH5HJXODWLRQV/,6%1

(IIHFWLYH &ROOLVLRQ 5LVN 0DQDJHPHQW IRU 2IIVKRUH ,QVWDOODWLRQV 2IIVKRUH7HFKQRORJ\5HSRUW272www.hse.gov.uk/research

+HDOWK6DIHW\LQ&RQVWUXFWLRQ±+6*±,6%1

&RPPHUFLDO 'LYLQJ 3URMHFWV 2IIVKRUH 'LYLQJ DW :RUN 5HJXODWLRQV

$SSURYHG&RGHRI3UDFWLFH/,6%1

&RPPHUFLDO'LYLQJ3URMHFWV ,QODQG,QVKRUH'LYLQJDW:RUN5HJXODWLRQV$SSURYHG&RGHRI3UDFWLFH/,6%1

6DIH:RUNLQ&RQILQHG6SDFHV$SSURYHG&RGHRI3UDFWLFHDQG*XLGDQFHRQWKH

&RQILQHG6SDFHV5HJXODWLRQV/,6%1

6DIH:RUNLQ&RQILQHG6SDFHV+6(IUHHOHDIOHW,1'*

&RQWURO RI 6XEVWDQFHV +D]DUGRXV WR +HDOWK )LIWK (GLWLRQ 7KH &RQWURO RI

6XEVWDQFHV+D]DUGRXVWR+HDOWK5HJXODWLRQVDVDPHQGHG$SSURYHG

&RGHRI3UDFWLFHDQG*XLGDQFH/,6%1




&RQWUROOLQJ 1RLVH DW :RUN ± 7KH &RQWURO RI 1RLVH DW :RUN 5HJXODWLRQV ±*XLGDQFHRQ5HJXODWLRQV±/±,6%1

+DQG$UP 9LEUDWLRQ ± 7KH &RQWURO RI 9LEUDWLRQ DW :RUN 5HJXODWLRQV ±*XLGDQFHRQ5HJXODWLRQV±/±,6%1

:KROH %RG\ 9LEUDWLRQ ± 7KH &RQWURO RI 9LEUDWLRQ DW :RUN 5HJXODWLRQV ±

*XLGDQFHRQ5HJXODWLRQV±/±,6%1

0DQXDO+DQGOLQJ0DQXDO+DQGOLQJ2SHUDWLRQV5HJXODWLRQV*XLGDQFHRQWKH

5HJXODWLRQV/,6%13HUVRQDO3URWHFWLYH(TXLSPHQWDW:RUN6HFRQG(GLWLRQ*XLGDQFHRQ3HUVRQDO3URWHFWLYH(TXLSPHQWDW:RUN5HJXODWLRQVDVDPHQGHG/,6%1

7KH&RQVWUXFWLRQ+HDG3URWHFWLRQ5HJXODWLRQV±*XLGDQFHRQ5HJXODWLRQV±/,6%17KH&RVWVRI$FFLGHQWVDW:RUN+6*,6%1

)LUVW$LGDW:RUN+HDOWKDQG6DIHW\)LUVW$LG5HJXODWLRQV$SSURYHG&RGH

RI3UDFWLFHDQG*XLGDQFH/,6%1

'HDOLQJZLWK2IIVKRUH(PHUJHQFLHV±+6*

*XLGH WR WKH 5HSRUWLQJ RI ,QMXULHV 'LVHDVHV DQG 'DQJHURXV 2FFXUUHQFHV

5HJXODWLRQV/,6%1

5,''252IIVKRUH+6(IUHHOHDIOHW+6(5HY&RGH RI 6DIH :RUNLQJ 3UDFWLFHV IRU 0HUFKDQW 6HDPHQ¶

KWWSZZZPFJDJRYXNFPFDPFJDVKVFRVZSSGI0DULQH *XLGDQFH 1RWLFH 0 ± 3URSRVHG 8. 2IIVKRUH 5HQHZDEOH (QHUJ\

,QVWDOODWLRQV25(,*XLGDQFHRQ1DYLJDWLRQDO6DIHW\,VVXHV

7KH0HUFKDQW6KLSSLQJ6PDOO&RPPHUFLDO9HVVHOVDQG3LORW%RDWV5HJXODWLRQV

7KH6PDOO&RPPHUFLDO9HVVHODQG3LORW%RDW&RGHRI3UDFWLVH6&9&RGH




$33(1',;86()8/&217$&76

+HDOWK6DIHW\([HFXWLYH+6(2QOLQHZZZKVHJRYXN

<RXU ORFDO +6( ,QVSHFWRU¶VDGGUHVVDQGWHOHSKRQH QXPEHUFDQ EH IRXQG LQ WKHORFDODUHDWHOHSKRQHGLUHFWRU\OLVWHGXQGHU+HDOWK6DIHW\([HFXWLYH

+6(2IIVKRUH'LYLVLRQ

RQOLQHZZZKVHJRYXNRIIVKRUH

+HDOWKDQG6DIHW\([HFXWLYH

+D]DUGRXV,QVWDOODWLRQV'LUHFWRUDWH2IIVKRUH'LYLVLRQ/RUG&XOOHQ+RXVH)UDVHU3ODFH

$EHUGHHQ$%8%

7HO

+HDOWKDQG6DIHW\([HFXWLYH

+D]DUGRXV,QVWDOODWLRQV'LUHFWRUDWH2IIVKRUH'LYLVLRQ5HGJUDYH&RXUW0HUWRQ5RDG

%RRWOH0HUVH\VLGH

/+6

7HO

+HDOWKDQG6DIHW\([HFXWLYH+D]DUGRXV,QVWDOODWLRQV'LUHFWRUDWH

2IIVKRUH'LYLVLRQ

*6:5RVH&RXUW6RXWKZDUN%ULGJH

/RQGRQ6(+67HO

+HDOWKDQG6DIHW\([HFXWLYH+D]DUGRXV,QVWDOODWLRQV'LUHFWRUDWH

2IIVKRUH'LYLVLRQVW)ORRU/DNHVLGH2OG&KDSHO:D\

%URDGODQG%XVLQHVV3DUN1RUZLFK

7HO

(QTXLULHV UHODWLQJ WR GLYLQJ RSHUDWLRQV VKRXOG EH GLUHFWHG WR WKH DSSURSULDWH'LYLQJ,QVSHFWLRQ7HDPV

Ȭ /RQGRQIRU/RQGRQ6RXWKHUQ(QJODQGDQG:DOHVȬ 1RUZLFKIRU&HQWUDODQG1RUWKHUQ(QJODQGDQGȬ $EHUGHHQIRU6FRWODQG

+6(,QIROLQH*HQHUDO+HDOWKDQG6DIHW\DGYLFHLVDYDLODEOHIURPWKH+6(E\FRQWDFWLQJ

7HO)D[HPDLOKVHLQIRUPDWLRQVHUYLFHV#QDWEULWFRP2UZULWHWR+6(,QIRUPDWLRQVHUYLFHV&DHUSKLOO\%XVLQHVV3DUN&DHUSKLOO\&)**




(PSOR\HH0HGLFDO$GYLVRU\6HUYLFH(0$6(0$6DUHDQLQWHJUDOSDUWRIWKH+6(WKH\DUHVWDIIHGE\VSHFLDOLVWRFFXSDWLRQDO

KHDOWK SURIHVVLRQDO GRFWRUV DQG QXUVHVZKRSURYLGH H[SHUW DGYLFHRQPHGLFDO

PDWWHUVUHODWLQJWRZRUN$GLUHFWRU\RIUHJLRQDO(0$6RIILFHVPD\EHIRXQGDWWKHIROORZLQJRQOLQHOLQNZZZKVHJRYXNIRUPVKHDOWKHPDVRIILFHVKWP

+6(%RRNV32%R[6XGEXU\6XIIRON&2:$7HO)D[HPDLOKVHERRNV#SURORJXNFRPRQOLQHZZZKVHERRNVFRXN+6(SULFHGSXEOLFDWLRQVDUHDOVRDYDLODEOHIURPJRRGERRNVHOOHUV

0DULWLPHDQG&RDVWJXDUG$JHQF\0&$6SULQJ3ODFH&RPPHUFLDO5RDG

6RXWKDPSWRQ

+DPSVKLUH8.62(*2IIVKRUHUHQHZDEOHHQHUJ\FRQWDFWQXPEHUHPDLOLQIROLQH#PFJDJRYXNRQOLQHZZZPFJDJRYXN

0&$:DOHVDQG:HVWRI(QJODQG5HJLRQDO2IILFH

7XWW+HDG0XPEOHV

6ZDQVHD&RXQW\RI6ZDQVHD

6$+:7HO)D[

0&$(DVWRI(QJODQG5HJLRQDO2IILFH+XPEHU056&/LPHNLOQ/DQH

%ULGOLQJWRQ<2/;

7HO)D[

0&$6FRWODQGDQG1RUWKHUQ,UHODQG5HJLRQDO2IILFH0DULQH+RXVH%ODLNLHV4XD\

$EHUGHHQ

$%(=7HO)D[




,QWHUQDWLRQDO0DULWLPH2UJDQL]DWLRQ,022IILFLDO+HDGTXDUWHUVDGGUHVV

$OEHUW(PEDQNPHQW

/RQGRQ6(658QLWHG.LQJGRP

7HO

)D[RQOLQHZZZLPRRUJ

(QYLURQPHQW$JHQF\($1DWLRQDO&XVWRPHU&RQWDFW&HQWUH32%R[

5RWKHUKDP6%<*HQHUDO(QTXLULHV0RQ)UL

,QFLGHQWKRWOLQH)UHHSKRQH+RXUHPDLOHQTXLULHV#HQYLURQPHQWDJHQF\JRYXN2QOLQHZZZHQYLURQPHQWDJHQF\JRYXN

6FRWWLVK(QYLURQPHQWDO3URWHFWLRQ$JHQF\6(3$6(3$&RUSRUDWH2IILFH

(UVNLQH&RXUW

&DVWOH%XVLQHVV3DUN67,5/,1*

).757HO

)D[

RQOLQHZZZVHSDRUJXN

2IILFHRI3XEOLF6HFWRU,QIRUPDWLRQ3URYLGHVUHFRUGVRIDOO/HJLVODWLRQ$FWV6WDWXWRU\,QVWUXPHQWVHWFEDFNWRZZZRSVLJRYXN

,QVWLWXWHRI2FFXSDWLRQDO6DIHW\+HDOWK,26+7KH*UDQJH+LJKILHOG'ULYH:LJVWRQ/HLFHVWHUVKLUH/(118.

7HO)D[

RQOLQHZZZLRVKFRXN,26+ SUDFWLWLRQHUV FDQ EH FRQWDFWHG YLD WKH ,26+ 5HJLVWHU RI &RQVXOWDQF\

6HUYLFHV

%ULWLVK6WDQGDUGV,QVWLWXWH%6,&KLVZLFN+LJK5RDG

/RQGRQ:$/

7HOHSKRQH

)D[

RQOLQHZZZEVLJOREDOFRP




,QVWLWXWHRI0DULQH(QJLQHHULQJ6FLHQFHDQG7HFKQRORJ\&ROHPDQ6WUHHW/RQGRQ

(&5%-7HO)D[RQOLQHZZZLPDUHVWRUJ

(XURSHDQ0DULQH(QHUJ\&HQWUH(0(&2OG$FDGHP\%DFN5RDG6WURPQHVV2UNQH\.:$:7HOHPDLOLQIR#HPHFRUJXNRQOLQHZZZHPHFRUJXN

%ULWLVK:LQG(QHUJ\$VVRFLDWLRQ%:($5HQHZDEOH(QHUJ\+RXVH$]WHF5RZ%HUQHUV5RDG/RQGRQ13:7HO)D[HPDLOLQIR#EZHDFRPRQOLQHZZZEZHDFRP





Documents

Marine HS Report