ML19267A187

From kanterella
Jump to navigation Jump to search
COL Docs - FW: Draft Revision to SNC LAR-19-005
ML19267A187
Person / Time
Site: Vogtle  
Issue date: 09/24/2019
From:
NRC
To:
NRC/NRO/DLSE/LB4
References
Download: ML19267A187 (51)


Text

1 Vogtle PEmails From:

Gleaves, Bill Sent:

Tuesday, September 24, 2019 7:13 AM To:

Vogtle PEmails

Subject:

FW: Draft Revision to SNC LAR-19-005 Attachments:

DRAFT SNC LAR-19-005 R1.pdf This email and attachment are being forwarded to NRCs ADAMS system for capture.

Billy William (Billy) Gleaves Senior Project Manager NRO/DLSE/Licensing Branch 2 US Nuclear Regulatory Commission The contents of this message may be sensitive. If this message has been received in error, please delete it without reading it. Your receipt of this message is not intended to waive any applicable privilege. Do not disseminate this message without the permission of the author. Communications by this author do not represent NRC policy and are not binding on the Commission.

From: Leighty, Steven <sleighty@southernco.COM>

Sent: Friday, September 20, 2019 3:53 PM To: Patel, Chandu <Chandu.Patel@nrc.gov>; Gleaves, Bill <Bill.Gleaves@nrc.gov>

Cc: Roberts, Kelli Anne <KROBERTS@southernco.com>

Subject:

[External_Sender] Draft Revision to SNC LAR-19-005 Chandu/Billy, Please find attached a draft revision to SNC LAR-19-005. The revision to the LAR and exemption incorporate responses to the staffs draft RAIs and changes to the initial LAR and exemption. The revisions to the body of the LAR are denoted with revision bars in the right hand margins and changes to the COL Appendix C markups are shown in new colors to reflect the changes to the initial LAR.

SNC is prepared to discuss the revised LAR and draft RAI responses at the staffs earliest availability.

Please let me know if there are any questions on this draft.

Thanks, Steve Leighty Licensing Supervisor, Vogtle 3&4 Southern Nuclear 7825 River Road Waynesboro, GA 30830 Desk. 706.848.6790 Cell. 724.570.9412 southernnuclear.com

2

Hearing Identifier:

Vogtle_COL_Docs_Public Email Number:

482 Mail Envelope Properties (BL0PR0901MB43872C3901E2DBE511B298099F840)

Subject:

FW: Draft Revision to SNC LAR-19-005 Sent Date:

9/24/2019 7:13:17 AM Received Date:

9/24/2019 7:13:22 AM From:

Gleaves, Bill Created By:

Bill.Gleaves@nrc.gov Recipients:

"Vogtle PEmails" <Vogtle.PEmails@nrc.gov>

Tracking Status: None Post Office:

BL0PR0901MB4387.namprd09.prod.outlook.com Files Size Date & Time MESSAGE 1744 9/24/2019 7:13:22 AM image001.gif 2058 DRAFT SNC LAR-19-005 R1.pdf 965378 Options Priority:

Standard Return Notification:

No Reply Requested:

No Sensitivity:

Normal Expiration Date:

Recipients Received:

0LFKDHO-<R[

5HJXODWRU\\$IIDLUV'LUHFWRU

9RJWOH 

5LYHU5RDG

D\\QHVERUR*$



6HSWHPEHU;;

'RFNHW1RV 

1'



&)5

&)5

861XFOHDU5HJXODWRU\\&RPPLVVLRQ

'RFXPHQW&RQWURO'HVN

DVKLQJWRQ'& 

6RXWKHUQ1XFOHDU2SHUDWLQJ&RPSDQ\\

9RJWOH(OHFWULF*HQHUDWLQJ3ODQW8QLWVDQG

5HYLVLRQWR5HTXHVWIRU/LFHQVH$PHQGPHQWDQG([HPSWLRQ

&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ,7$$& /$55 

/DGLHVDQG*HQWOHPHQ

%\\ OHWWHU GDWHG 0DUFK   $JHQF\\ZLGH 'RFXPHQWV $FFHVV DQG 0DQDJHPHQW 6\\VWHP

$'$06  $FFHVVLRQ 1R 0/$  6RXWKHUQ 1XFOHDU 2SHUDWLQJ &RPSDQ\\ 61&  WKH

OLFHQVHHIRU9RJWOH(OHFWULF*HQHUDWLQJ3ODQW 9(*3 8QLWVDQGUHTXHVWHGDQDPHQGPHQWWR

&RPELQHG/LFHQVH &2/ 1XPEHUV13)DQG13)IRU9(*38QLWVDQG UHVSHFWLYHO\\ 

7KHUHTXHVWHGDPHQGPHQWLQFOXGHGFKDQJHVWRWKH9(*38QLWDQG8QLW&2/$SSHQGL[& DQG

FRUUHVSRQGLQJ SODQWVSHFLILF '&' 7LHU   LQIRUPDWLRQ 3XUVXDQW WR WKH SURYLVLRQV RI  &)5

 E  DQH[HPSWLRQIURPHOHPHQWVRIWKHGHVLJQDVFHUWLILHGLQWKH&)53DUW$SSHQGL[

'GHVLJQFHUWLILFDWLRQUXOHZDVDOVRUHTXHVWHGIRUWKHSODQWVSHFLILF7LHUPDWHULDOGHSDUWXUHV

7KH /LFHQVH $PHQGPHQW 5HTXHVW /$5  SURSRVHG WKH FRQVROLGDWLRQ RI FHUWDLQ EXLOGLQJ DQG

VWUXFWXUHUHODWHG,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD ,7$$& 6SHFLILFDOO\\61&

KDV GHWHUPLQHG WKDW VRPH EXLOGLQJ DQG VWUXFWXUH UHODWHG,7$$& $FFHSWDQFH &ULWHULD DUH

GXSOLFDWLYH7RFRUUHFWWKLVFRQGLWLRQ61&SURSRVHGWRUHYLVH&2/$SSHQGL[& DQGSODQWVSHFLILF

7LHULQIRUPDWLRQ WRFRQVROLGDWHGXSOLFDWLYH,7$$&$FFHSWDQFH&ULWHULDIRUFHUWDLQVWUXFWXUHVDQG

FODULI\\WKDWHYDOXDWLRQVRIWKLFNQHVVGHYLDWLRQVZRXOGEHLQFOXGHGLQWKHUHFRQFLOLDWLRQDQGWKLFNQHVV

UHSRUWVGHVFULEHGLQ,7$$&$FFHSWDQFH&ULWHULD

7KLVUHYLVLRQWR/$5LVEHLQJVXEPLWWHGWRDGGUHVVFRPPHQWVSURYLGHGE\\WKH861XFOHDU

5HJXODWRU\\&RPPLVVLRQ 15& VWDIIGXULQJ-XO\\$XJXVWDQG6HSWHPEHU

SXEOLFPHHWLQJVDQGLQGUDIW5HTXHVWVIRU$GGLWLRQDO,QIRUPDWLRQ 5$,V GDWHG-XO\\$XJXVW

DQG6HSWHPEHU(QFORVXUHVDQGRI/$5DUHUHSODFHGLQWKHLUHQWLUHW\\

ZLWK(QFORVXUHVDQGRIWKLVUHYLVHGDPHQGPHQWUHTXHVW5HYLVLRQEDUVLQWKHULJKWKDQG

PDUJLQLQGLFDWHWKHGLIIHUHQFHVEHWZHHQ(QFORVXUHVDQGDQG(QFORVXUHVDQG,QDGGLWLRQ

61&¶VUHVSRQVHWRWKHGUDIW5$,LVSURYLGHGLQ(QFORVXUHWRWKLVOHWWHU

(QFORVXUH  SURYLGHV WKH GHVFULSWLRQ WHFKQLFDO HYDOXDWLRQ UHJXODWRU\\ HYDOXDWLRQ LQFOXGLQJ WKH

VLJQLILFDQWKD]DUGVFRQVLGHUDWLRQ DQGHQYLURQPHQWDOFRQVLGHUDWLRQVIRUWKHSURSRVHGFKDQJHV

(QFORVXUHSURYLGHVWKHEDFNJURXQGDQGVXSSRUWLQJEDVLVIRUWKHUHTXHVWHGH[HPSWLRQ

DRAFT

&RPSDQ\\

&RP DQW8QLWVDQG

DQW8QLWV

PHQGPHQWDQG([HP PHQGPHQWDQG

GLQJ,7$$& /$5

GLQJ,7$$& /$5

FT F\\ZLGH 'RFXPHQWV $F LGH 'RFXPHQWV $

  6RXWKHUQ 1XFOHD RXWKHUQ 1XFOH LQJ3ODQW 9(*3 8QLWV LQJ3ODQW 9(*3 HUV13)DQG13)

HUV13)DQG13 OXGHGFKDQJHVWRWKH9 XGHGFKDQJHVWRWKH9 F '&' 7LHU   LQIRUP

&' 7LHU   LQIRUP QIURPHOHPHQWVRIWKHG QIURPHOHPHQWV UXOHZDVDOVRUHTXHVWHG UXOHZDVDOVRUHTXHV PHQW 5HTXHVW /$

PHQW 5HTXHVW

RQV7HVWV$

RQV7HVWV$

H EXLOG H EXLOG GLW GLW

861XFOHDU5HJXODWRU\\&RPPLVVLRQ

1'

3DJHRI



(QFORVXUHSURYLGHVWKHSURSRVHGOLFHQVHEDVLVFKDQJHV



(QFORVXUHSURYLGHVWKHGUDIW15&5$,DQG61&¶VUHVSRQVH



7KH(QFORVXUHVWRWKLVOHWWHUKDYHEHHQUHYLHZHGDQGFRQILUPHGWRQRWFRQWDLQVHFXULW\\UHODWHG

LQIRUPDWLRQ7KLVOHWWHUFRQWDLQVQRUHJXODWRU\\FRPPLWPHQWV



7KHUHYLVHGLQIRUPDWLRQSURYLGHGLQWKHHQFORVXUHVGRHVQRWFKDQJHWKHVFRSHRIWKHUHTXHVWHG

OLFHQVHDPHQGPHQWRUH[HPSWLRQQRUGRHVLWFKDQJHWKHFRQFOXVLRQVLQWKH7HFKQLFDO(YDOXDWLRQ

RUWKHFRQFOXVLRQVLQWKH1R6LJQLILFDQW+D]DUGV&RQVLGHUDWLRQ'HWHUPLQDWLRQ



61&UHTXHVWVVWDIIDSSURYDORIWKLVUHYLVHGOLFHQVHDPHQGPHQWE\\1RYHPEHUWRVXSSRUW

FORVXUHRI9(*38QLWVDQG,7$$&$SSURYDOE\\WKLVGDWHZLOODOORZVXIILFLHQWWLPHWRLPSOHPHQW

WKHOLFHQVLQJEDVLVFKDQJHVSULRUWRWKHDVVRFLDWHG,7$$&DFWLYLW\\61&H[SHFWVWRLPSOHPHQW

WKLVSURSRVHGDPHQGPHQW WKURXJKLQFRUSRUDWLRQLQWRWKHOLFHQVLQJEDVLVGRFXPHQWV ZLWKLQ

GD\\VRIDSSURYDORIWKHUHTXHVWHGFKDQJHV



,QDFFRUGDQFHZLWK&)561&LVQRWLI\\LQJWKH6WDWHRI*HRUJLDRIWKLV/$5E\\WUDQVPLWWLQJ

DFRS\\RIWKLVOHWWHUDQGHQFORVXUHVWRWKHGHVLJQDWHG6WDWH2IILFLDO



6KRXOG\\RXKDYHDQ\\TXHVWLRQVSOHDVHFRQWDFW0U6WHYH/HLJKW\\DW  



,GHFODUHXQGHUSHQDOW\\RISHUMXU\\WKDWWKHIRUHJRLQJLVWUXHDQGFRUUHFW([HFXWHGRQWKH;;UGGD\\

RI6HSWHPEHU





5HVSHFWIXOO\\VXEPLWWHG



6287+(5118&/($523(5$7,1*&203$1<











0LFKDHO-<R[

5HJXODWRU\\$IIDLUV'LUHFWRU

9RJWOH 



0-<5$6VIU



(QFORVXUHV  3URYLGHGZLWKRULJLQDOVXEPLWWDO



 

9RJWOH(OHFWULF*HQHUDWLQJ3ODQW 9(*3 8QLWVDQG+/-5HYLVHG

5HTXHVWIRU/LFHQVH$PHQGPHQW&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ

,7$$& /$55 

 

9RJWOH(OHFWULF*HQHUDWLQJ3ODQW 9(*3 8QLWVDQG+/-5HYLVHG

([HPSWLRQ5HTXHVW&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ,7$$& /$5

5 

 

9RJWOH(OHFWULF*HQHUDWLQJ3ODQW 9(*3 8QLWVDQG+/-5HYLVHG

3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$5

5 

 

9RJWOH(OHFWULF*HQHUDWLQJ3ODQW 9(*3 8QLWVDQG+/-5HVSRQVHWR

'UDIW5HTXHVWIRU$GGLWLRQDO,QIRUPDWLRQGDWHG$XJXVW

W\\61 W\\6 QVLQJEDVLV

QVLQJ

6WDWHRI

6WDWH

  • HRUJLDRIWKLV/

RIWKL G6WDWH2I G6WDWH2IILFLDO

ILF I

W0U6WHYH/HLJKW\\

W0U6WHYH/H

DW

IRUHJRLQJLVWUXHDQGFR JRLQJLVWUXHDQGFR 23(5$7,1*&203$1 23(5$7,1*&2

861XFOHDU5HJXODWRU\\&RPPLVVLRQ

1'

3DJHRI

FF



6RXWKHUQ1XFOHDU2SHUDWLQJ&RPSDQ\\*HRUJLD3RZHU&RPSDQ\\

0U6(.XF]\\QVNL ZRHQFORVXUHV 

0U336HQD,,, ZRHQFORVXUHV 

0U0'0HLHU ZRHQFORVXUHV 

0U'+-RQHV ZRHQFORVXUHV 

0U*&KLFN

0U'/0F.LQQH\\ ZRHQFORVXUHV 

0U7:<HOYHUWRQ ZRHQFORVXUHV 

0U%+:KLWOH\\

0V&$*D\\KHDUW

0U&53LHUFH

0V05RQQOXQG

0U'/)XOWRQ

0U0-<R[

0U&7'HIQDOO

0U-7XSLN

0V6$JHH

0V$*LEVRQ

0V$&&KDPEHUODLQ

0U6/HLJKW\\

0U(5LIIOH

0V.5REHUWV

0U-+DVZHOO

0U'7%O\\WKH

'RFXPHQW6HUYLFHV57<3(91'/,/

)LOH$5

1XFOHDU5HJXODWRU\\&RPPLVVLRQ

0U:-RQHV ZRHQFORVXUHV 

0V-'L[RQ+HUULW\\

0U&3DWHO

0U%.HPNHU

0U*.KRXUL

0V67HPSOH

0U)%URZQ

0U&-(YHQ

0U$/HUFK

0U6:DONHU

0U1'.DUORYLFK

0V1&&RRYHUW

0U&:HOFK

0U-*DVOHYLF

0U9+DOO

0V.3&DUULQJWRQ

0U3-+HKHU

0U0:HEE

DRAFT

'/,/

'/,/

PLVVLRQ

PLVVLRQ DR FORVXUHV 

FORVXUHV 

861XFOHDU5HJXODWRU\\&RPPLVVLRQ

1'

3DJHRI

6WDWHRI*HRUJLD

0U5'XQQ

2JOHWKRUSH3RZHU&RUSRUDWLRQ

0U0:3ULFH

0V$:KDOH\\

0XQLFLSDO(OHFWULF$XWKRULW\\RI*HRUJLD

0U-()XOOHU

0U60-DFNVRQ

'DOWRQ8WLOLWLHV

0U7%XQGURV

HVWLQJKRXVH(OHFWULF&RPSDQ\\//&

0U/2ULDQL ZRHQFORVXUHV 

0U75XEHQVWHLQ ZRHQFORVXUHV 

0U0&RUOHWWL

0U0/&O\\GH

0U'+DZNLQV

0U-&RZDUG

2WKHU

0U6:.OLQH%HFKWHO3RZHU&RUSRUDWLRQ

0V/$0DWLV7HWUD7HFK186,QF

'U:5-DFREV-U3K'*'6$VVRFLDWHV,QF

0U65RHWJHU*HRUJLD3XEOLF6HUYLFH&RPPLVVLRQ

0V6:.HUQL]DQ*HRUJLD3XEOLF6HUYLFH&RPPLVVLRQ

0U.&*UHHQH7URXWPDQ6DQGHUV

0U6%ODQWRQ%DOFK%LQJKDP

1RFXPHQWLQ%R[#GXNHHQHUJ\\FRP'XNH(QHUJ\\

0U6)UDQ]RQH)ORULGD3RZHU /LJKW



DRAFT DWLRQ

F

$VVRFLDWHV,QF

$VVRFLDWHV,QF

6HUYLFH&RPPLVVLRQ

6HUYLFH&RPPLVVLRQ

3XEOLF6HUYLFH&RPPL 3XEOLF6HUYLFH&RPPL DQ6DQGHUV

GHUV

LQJKDP

LQJKDP

  1. GXNHHQHUJ\\FRP'X
  1. GXNHHQHUJ\\FRP'

RULGD3RZHU /LJKW

RULGD3RZHU /LJ

6RXWKHUQ1XFOHDU2SHUDWLQJ&RPSDQ\\

1'

(QFORVXUH

9RJWOH(OHFWULF*HQHUDWLQJ3ODQW 9(*3 8QLWVDQG

5HYLVHG5HTXHVWIRU/LFHQVH$PHQGPHQW

&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ,7$$&

/$55 

(QFORVXUHFRQVLVWVRISDJHVLQFOXGLQJWKLVFRYHUSDJH 

DRAFT

9(*3 8QLWVDQG

9(*3 8QLWVDQ XHVWIRU/LFHQVH$PH IRU/LFHQVH$PH DWLRQRI6WUXFWXUDO%X DWLRQRI6WUXFWX

/$5

/$5

3DJHRI

1'

(QFORVXUH

5HTXHVWIRU/LFHQVH$PHQGPHQW&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ,7$$& /$55 



7DEOHRI&RQWHQWV

 6800$5<'(6&5,37,21

 '(7$,/(''(6&5,37,21DQG7(&+1,&$/(9$/8$7,21

 7(&+1,&$/(9$/8$7,21 LQFOXGHGLQ6HFWLRQ 

 5(*8/$725<(9$/8$7,21



$SSOLFDEOH5HJXODWRU\\5HTXLUHPHQWV&ULWHULD



3UHFHGHQW



1R6LJQLILFDQW+D]DUGV&RQVLGHUDWLRQ$QDO\\VLV



&RQFOXVLRQV

 (19,5210(17$/&216,'(5$7,216

 5()(5(1&(6

DRAFT HPHQWV&ULWHULD

HPHQ UGV&RQVLGHUDWLRQ$QDO\\

GV&RQVLGHUDWLRQ$

6,'(5$7,216

6,'(5$7,216

3DJHRI

1'

(QFORVXUH

5HTXHVWIRU/LFHQVH$PHQGPHQW&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ,7$$& /$55 



3XUVXDQWWR&)5 F DQGLQDFFRUGDQFHZLWK&)56RXWKHUQ1XFOHDU

2SHUDWLQJ&RPSDQ\\ 61&RU³/LFHQVHH' KHUHE\\UHTXHVWVDQDPHQGPHQWWR&RPELQHG

/LFHQVH &2/ 1RV13)DQG13)IRU9RJWOH(OHFWULF*HQHUDWLQJ3ODQW 9(*3 

8QLWVDQGUHVSHFWLYHO\\

 6800$5<'(6&5,37,21



7KH UHTXHVWHG DPHQGPHQW SURSRVHV FKDQJHV WR &2/ $SSHQGL[ & LQIRUPDWLRQ ZLWK

FRUUHVSRQGLQJ FKDQJHV WR SODQWVSHFLILF '&' 7LHU  LQIRUPDWLRQ DV DSSURSULDWH 7KH

SURSRVHG FKDQJHV LQFOXGH FRQVROLGDWLQJ,QVSHFWLRQV 7HVWV $QDO\\VHV DQG $FFHSWDQFH

&ULWHULD ,7$$&  IRU VWUXFWXUDO EXLOGLQJV DQG UHYLVLQJ $FFHSWDQFH &ULWHULD WR UHIOHFW

HYDOXDWLRQVRIDVEXLOWGHYLDWLRQVLQZDOODQGIORRUWKLFNQHVVHVZLOOEHSURYLGHGDVSDUWRIWKH

UHSRUWV GHVFULEHG LQ,7$$& 7KLV HQFORVXUH UHTXHVWV DSSURYDO RI D OLFHQVH DPHQGPHQW

QHFHVVDU\\ WR LPSOHPHQW WKH &2/ $SSHQGL[ & FKDQJHV GHVFULEHG EHORZ (QFORVXUH 

UHTXHVWVWKHH[HPSWLRQQHFHVVDU\\WRLPSOHPHQWWKHFKDQJHVWRWKHSODQWVSHFLILF'&'7LHU

LQIRUPDWLRQ



 '(7$,/(''(6&5,37,21DQG7(&+1,&$/(9$/8$7,21



'HWDLOHG'HVFULSWLRQ



&2/$SSHQGL[&6HFWLRQSURYLGHVGHVLJQGHVFULSWLRQVIRU$3VWUXFWXUDOEXLOGLQJV

7KHEXLOGLQJVGHVFULEHGLQ6HFWLRQLQFOXGH1XFOHDU,VODQG 1, VWUXFWXUHVDVZHOODVWKH

DQQH[WXUELQHDQGUDGZDVWHEXLOGLQJV7KH1,LQFOXGHVFRQWDLQPHQWLQWHUQDOVWUXFWXUHVDQG

WKHVKLHOGDQGDX[LOLDU\\EXLOGLQJV7KH1,VWUXFWXUHVDUHVHLVPLF&DWHJRU\\,DQGDUHGHVLJQHG

DQGFRQVWUXFWHGWRZLWKVWDQGGHVLJQEDVLVORDGVZLWKRXWDORVVRIVWUXFWXUDOLQWHJULW\\DQG

VDIHW\\UHODWHGIXQFWLRQV7KHZDOOVDQGIORRUVRI1,EXLOGLQJVDUHGHILQHGLQ&2/$SSHQGL[&

7DEOH&2/$SSHQGL[&6HFWLRQGRHVQRWSURYLGHWKHVWUXFWXUDOGHVLJQIXQFWLRQV

IRUWKHDQQH[WXUELQHRUUDGZDVWHEXLOGLQJV+RZHYHUZDOODQGIORRUWKLFNQHVVHVIRUWKH

DQQH[EXLOGLQJDQGZDOOWKLFNQHVVHVIRUWKHWXUELQHEXLOGLQJDUHGHILQHGLQ&2/$SSHQGL[&

7DEOH  DQG ZDOO WKLFNQHVVHV IRU WKH UDGZDVWH EXLOGLQJ DUH GHILQHG LQ,7$$&,QGH[

1XPEHU



7KHUHDUHVL[WHHQ,7$$&IRUVWUXFWXUDOEXLOGLQJV7KHVH,7$$&KDYHWZRSXUSRVHVRQHLV

IRUYHULI\\LQJVWUXFWXUDOIXQFWLRQDQGWKHRWKHULVIRUYHULI\\LQJWKHUDGLDWLRQVKLHOGLQJIXQFWLRQ

7KHDELOLW\\RIDVEXLOWVWUXFWXUHVWRSHUIRUPWKHLUVWUXFWXUDOIXQFWLRQVLVGHPRQVWUDWHGWKURXJK

UHFRQFLOLDWLRQUHSRUWVDQGWKLFNQHVVUHSRUWV7KHDELOLW\\RIWKHDVEXLOWVWUXFWXUHVWRSHUIRUP

WKHLUVKLHOGLQJIXQFWLRQLVGHPRQVWUDWHGWKURXJKWKLFNQHVVUHSRUWV7KHVWUXFWXUDOEXLOGLQJ

,7$$&DUHVXPPDUL]HGLQWKHIROORZLQJ7DEOH³6WUXFWXUDO%XLOGLQJ,7$$&'



,WKDVEHHQLGHQWLILHGWKDWVRPHRIWKH$FFHSWDQFH&ULWHULDIRUWKHEXLOGLQJVWUXFWXUHVDUH

GXSOLFDWLYH&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU FKDQJHVDUHSURSRVHGWRFRQVROLGDWH

,7$$&ZLWKGXSOLFDWLYH$FFHSWDQFH&ULWHULDIRUEXLOGLQJVWUXFWXUHVDQGFODULI\\WKDWHYDOXDWLRQV

RIWKLFNQHVVGHYLDWLRQVZLOOEHLQFOXGHGLQWKHUHFRQFLOLDWLRQDQGWKLFNQHVVUHSRUWVGHVFULEHG

LQ,7$$& $FFHSWDQFH &ULWHULD 7KH 7DEOH LOOXVWUDWHV WKH GXSOLFDWLRQ RI EXLOGLQJUHODWHG

UHSRUWV







DRAFT GHVF GH QJHVWRWK QJHV 9$/8$7,21

9$/8 VGHVLJQGHVFULSWLRQVI VGHVLJQGHVFULSWLR

LQFOXGH1XFOHDU,VOD LQFOXGH1XFOHDU,V OGLQJV7KH1,LQFOXGHV 7KH1,LQFOXGHV JV7KH1,VWUXFWXUHVD JV7KH1,VWUXFW QGGHVLJQEDVLVORDGV

QGGHVLJQEDVLVOR 7KHZDOOVDQGIORRUVRI

7KHZDOOVDQGIORRUVR SHQGL[&6HFWLRQGR

[&6HFWLRQGR QHRUUDGZDVWHEXLOGLQ QHRUUDGZDVW QGZDOOWKLFNQHVVH QGZDOOWKLFNQHVVHVIRU

VI QG ZDOO WKLFNQHVVHV IR QG ZDOO WKLFNQHVVHV IR

$$&IRU

$$&IRU

QF QF

3DJHRI

1'

(QFORVXUH

5HTXHVWIRU/LFHQVH$PHQGPHQW&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ,7$$& /$55 



7DEOH6WUXFWXUDO%XLOGLQJ,7$$&

%XLOGLQJ6WUXFWXUH

6WUXFWXUDO)XQFWLRQ

,7$$&,QGH[1R 

,7$$&1R

6KLHOGLQJ)XQFWLRQ

,7$$&,QGH[1R 

,7$$&1R

5HFRQFLOLDWLRQ

5HSRUW

7KLFNQHVV

5HSRUW

7KLFNQHVV

5HSRUW

1XFOHDU,VODQG

1, 

&RQWDLQPHQW

,QWHUQDO6WUXFWXUH

 

DLD

 

DLLD

 

D

6KLHOG%XLOGLQJ

 

DLE

 

DLLE

 

E

$X[LOLDU\\%XLOGLQJ

>1RQ5DGLRORJLFDO@

 

DLF

 

DLLF

 

F

$X[LOLDU\\%XLOGLQJ

>5DGLRORJLFDO@

 

DLG

 

DLLG

 

G

$QQH[%XLOGLQJ



 

DLLH

 

D

7XUELQH%XLOGLQJ



 

DLLI



5DGZDVWH%OGJ

+/-

DVWH$FFXPXODWLRQ5RRP





 

E



3URSRVHG&KDQJHVWR1XFOHDU,VODQG6WUXFWXUDO)XQFWLRQ,7$$&

$VLOOXVWUDWHGLQWKH7DEOHDERYHWKHUHDUHWKUHH,7$$&IRUHDFKRIWKH1,EXLOGLQJV LH

FRQWDLQPHQW LQWHUQDO VWUXFWXUHV VKLHOG EXLOGLQJ DX[LOLDU\\ EXLOGLQJ QRQUDGLRORJLFDO DQG

DX[LOLDU\\EXLOGLQJUDGLRORJLFDO 7KHVWUXFWXUDOIXQFWLRQ'HVLJQ&RPPLWPHQWIRUWKH1,EXLOGLQJ

,7$$&LVWRZLWKVWDQGGHVLJQEDVLVORDGVZLWKRXWORVVRIVWUXFWXUDOLQWHJULW\\RUVDIHW\\UHODWHG

IXQFWLRQV 7KH FRUUHVSRQGLQJ $FFHSWDQFH &ULWHULD DUH WR SURGXFH UHFRQFLOLDWLRQ UHSRUWV

,7$$&,QGH[1XPEHUV DQGDVWUXFWXUDOWKLFNQHVVUHSRUW ,7$$&,QGH[

1XPEHUV IRUHDFK1,EXLOGLQJWRYHULI\\WKDWWKHDVEXLOWVWUXFWXUHVPHHWWKH

'HVLJQ &RPPLWPHQW 7KH 1, DOVR KDV 'HVLJQ &RPPLWPHQWV WR SURYLGH VKLHOGLQJ GXULQJ

QRUPDO RSHUDWLRQV 7KH FRUUHVSRQGLQJ,7$$& $FFHSWDQFH &ULWHULD UHTXLUH VKLHOGLQJ

WKLFNQHVVUHSRUWV ,7$$&,QGH[1XPEHUV EHSURGXFHGIRUHDFK1,EXLOGLQJ



Hereafter,ITAAC Index numbers are used for identification in lieu of the ITAAC number.

D T



T



T F

DLF

FT FT FT

DLLF

T AF AFT AFT AF AF


AF

D AFT AF AF



AF AF AF AFT AFT AF AF AF RA RA RA RA



A RA RA RA RA RAA RA RA RAA DR DR J

GLQJ RA RA RA RA RA DRR D

H%OG D

RQ5RRP DR DRR D

3DJHRI

1'

(QFORVXUH

5HTXHVWIRU/LFHQVH$PHQGPHQW&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ,7$$& /$55 



ZKLFKGHPRQVWUDWHVWKDWWKHDVEXLOWVWUXFWXUHVPHHWWKH'HVLJQ&RPPLWPHQW



7KH 1, DVEXLOW UHFRQFLOLDWLRQ UHSRUWV UHFRQFLOH GHVLJQ FKDQJHV DQG VLWHVSHFLILF QRQ

FRQIRUPDQFHVEHWZHHQDVEXLOWDQGDVGHVLJQHGVWUXFWXUHV6LQFHERWKWKHUHFRQFLOLDWLRQ

UHSRUWV DQG WKLFNQHVV UHSRUWV ZLOO UHFRQFLOH LGHQWLILHG ZDOO WKLFNQHVV GHYLDWLRQV WKH

$FFHSWDQFH&ULWHULDIRUWKHWKLFNQHVVUHSRUWVLVGXSOLFDWLYHDQGFDQEHGHOHWHG$FFRUGLQJO\\

WKLFNQHVVUHSRUWVDVVRFLDWHGZLWK,7$$&,QGH[1XPEHUV

DQGFDQEHFRQVROLGDWHGLQWRWKHUHFRQFLOLDWLRQUHSRUWVIRU,7$$&,QGH[1XPEHUV

IRUWKH1,EXLOGLQJV6LPLODUO\\WKHVKLHOGLQJ'HVLJQ&RPPLWPHQWRI1,EXLOGLQJ

VWUXFWXUHVLVFRPELQHGZLWKWKHVWUXFWXUDO'HVLJQ&RPPLWPHQWDQGWKHUHFRQFLOLDWLRQUHSRUW

MXVWLILHVGHYLDWLRQVIURPERWKVWUXFWXUDODQGVKLHOGLQJSHUVSHFWLYHV



$QRWHLVSURSRVHGWREHDGGHGWR&2/$SSHQGL[&7DEOHWRFODULI\\WKDWFRQVWUXFWLRQ

WKLFNQHVV GHYLDWLRQV LQ 1, VWUXFWXUHV IURP WKRVH WKLFNQHVVHV VSHFLILHG LQ WKH WDEOH DUH

UHFRQFLOHGLQWKHUHFRQFLOLDWLRQUHSRUWVLQDFFRUGDQFHZLWKWKH,7$$&UHTXLUHPHQWV



3URSRVHG&KDQJHVWR1XFOHDU,VODQG5DGLDWLRQ6KLHOGLQJ,7$$&



7RDGGUHVVGXSOLFDWLYHUDGLDWLRQVKLHOGLQJ$FFHSWDQFH&ULWHULDLWLVSURSRVHGWKDW,7$$&

,QGH[1XPEHUVLQ&2/$SSHQGL[&7DEOHEHUHYLVHGWRDGGWKH

VKLHOGLQJUHTXLUHPHQWVFXUUHQWO\\VSHFLILHGLQWKHWKLFNQHVVUHSRUW'HVLJQ&RPPLWPHQWRI

,7$$&,QGH[ 1XPEHUV    DQG  UHVSHFWLYHO\\ 6SHFLILFDOO\\,7$$&,QGH[

1XPEHUVZRXOGEHUHYLVHGWRUHTXLUHDQDO\\VLVRIUDGLDWLRQVKLHOGLQJLQ

WKH,QVSHFWLRQV 7HVWV DQG $QDO\\VHV DQG WR UHTXLUH WKH YHULILFDWLRQ RI QR LPSDFW WR

HVWDEOLVKHG UDGLRORJLFDO ]RQLQJ DQG HTXLSPHQW TXDOLILFDWLRQ 7KH SURSRVHG DFFHSWDQFH

FULWHULD ZLOO FRQWLQXH WR GHPRQVWUDWH WKH UDGLDWLRQ ]RQHV DQG HTXLSPHQW TXDOLILFDWLRQ

UHTXLUHPHQWVDUHPHWLQDFFRUGDQFHZLWK9(*3 8)6$57LHUGHVLJQFULWHULDLQFOXGLQJ

8)6$5 6XEVHFWLRQV  ³(VWLPDWHG 5DGLDWLRQ DQG &KHPLFDO (QYLURQPHQW' '

³5DGLDWLRQ'RVH'DQG³6KLHOGLQJ'HVLJQ2EMHFWLYHV'



7RHQVXUHWKHFRQVROLGDWHGUHFRQFLOLDWLRQUHSRUWVFRPSO\\ZLWK&2/$SSHQGL[&7DEOH

WKHFRQVROLGDWHGUHFRQFLOLDWLRQUHSRUW$FFHSWDQFH&ULWHULDZLOOEHUHYLVHGWRFODULI\\WKDW1,

VWUXFWXUDOGHYLDWLRQVIURPWKHWKLFNQHVVHVGHVFULEHGLQ&2/$SSHQGL[&7DEOHZLOOEH

UHVROYHGLQWKHUHFRQFLOLDWLRQUHSRUWVLQDFFRUGDQFHZLWKWKH,7$$&UHTXLUHPHQWV



3URSRVHG&KDQJHVWRWKH$QQH[%XLOGLQJDQG7XUELQH%XLOGLQJ,7$$&



7KHUHDUHWZR,7$$&IRUWKHDQQH[EXLOGLQJVWUXFWXUH7KHILUVW,7$$&,QGH[1XPEHU

UHTXLUHVDWKLFNQHVVUHSRUWWRGHPRQVWUDWHWKHVWUXFWXUDOIXQFWLRQDQGWKHVHFRQG,7$$&

,QGH[1XPEHUUHTXLUHVDWKLFNQHVVUHSRUWWRYHULI\\UDGLDWLRQVKLHOGLQJ6LPLODUO\\WKH

WXUELQHEXLOGLQJVWUXFWXUHKDV,7$$&,QGH[1XPEHUZKLFKUHTXLUHVDWKLFNQHVVUHSRUWWR

YHULI\\WKHVWUXFWXUDOIXQFWLRQ7KHLQIRUPDWLRQSURYLGHGLQWKHDQQH[EXLOGLQJWKLFNQHVVUHSRUW

UHTXLUHGE\\,7$$&,QGH[1XPEHULVGXSOLFDWLYHZLWKWKHLQIRUPDWLRQLQWKHWKLFNQHVV

UHSRUWUHTXLUHGE\\,7$$&,QGH[1XPEHU7KHUHIRUH,7$$&,QGH[1XPEHUFDQEH

FRQVROLGDWHGLQWR,7$$&,QGH[1XPEHU



7KH$FFHSWDQFH&ULWHULDLQ,7$$&,QGH[1XPEHUVDQGDUHWRSURGXFHWKLFNQHVV

UHSRUWVWRGHPRQVWUDWHWKDWWKHZDOOVDQGDVDSSOLFDEOHIORRUVLQWKHDQQH[DQGWXUELQH

EXLOGLQJVDUHFRQVLVWHQWZLWKWKHWKLFNQHVVHVVSHFLILHGLQ7DEOH$QQH[DQGWXUELQH

DRAFT VVHV VVHV KWKH KWKH,7$$

HOGLQJ,7$$&

HOGLQJ,7$$&

FT FHSWDQFH&ULWHULDLWLV

FHSWDQFH&ULWHULDLWLV

$SSHQGL[&7DEOH

$SSHQGL[&

HGLQWKHWKLFNQHVVUHS KHWKLFN

 DQG  UHVSHFWLYH

 DQG  UHVS EHUHYLVHGWRUHTXLUH

HUHYLVHGWRUHTXLUH DO\\VHV DQG WR UHTXLUH DQG WR UHTXLUH J DQG HTXLSPHQW TXD J DQG HTXLSPHQW TXD HPRQVWUDWH WKH UDGLDWL HPRQVWUDWH WKH U DFFRUGDQFHZLWK9(*3

DFFRUGDQFHZLWK9(*

 ³(VWLPDWHG 5DG

 ³(VWLPDWHG 5DG QG³6KLHOGLQJ

G³6K FRQVROLGDWHGUHFRQFLOLDW FRQVROLGDWHGUHFRQFLOLD GUHFRQFLOLDWLRQUHSR GUHFRQFLOLDWLRQ

QVIURPWKHWKLF QVIURPWKHWK FLOLDWLRQU FLOLDWLRQU

3DJHRI

1'

(QFORVXUH

5HTXHVWIRU/LFHQVH$PHQGPHQW&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ,7$$& /$55 



EXLOGLQJFRQVWUXFWLRQWKLFNQHVVGHYLDWLRQVDUHHYDOXDWHGDQGGLVSRVLWLRQHGLQDFFRUGDQFH

ZLWK&)5$SSHQGL[%SURFHVVHV LH1RQFRQIRUPDQFH 'LVSRVLWLRQ5HSRUWV 1 '

5HSRUWV  ZKLFK HQVXUH WKHUH DUH QR XQDFFHSWDEOH LPSDFWV WR WKH DQQH[ DQG WXUELQH

VWUXFWXUDOIXQFWLRQVRUWKHDQQH[EXLOGLQJUDGLDWLRQVKLHOGLQJIXQFWLRQ7KHLQFOXVLRQRIWKH

WKLFNQHVVGHYLDWLRQHYDOXDWLRQVLQWKHWKLFNQHVVUHSRUWVIRUWKHDQQH[DQGWXUELQHEXLOGLQJV

FRQWLQXHVWRPHHWWKHGHVLJQSXUSRVHVRIWKH,7$$&



7KHUHIRUH,7$$&,QGH[QXPEHUVDQG$FFHSWDQFH&ULWHULDFDQEHFODULILHGVXFKWKDW

WKHWKLFNQHVVUHSRUWVRIWKHDQQH[DQGWXUELQHEXLOGLQJVDOVRLQFOXGHHYDOXDWLRQVRIWKLFNQHVV

GHYLDWLRQV LGHQWLILHG GXULQJ FRQVWUXFWLRQ DQG GHPRQVWUDWH WKHUH LV QR ORVV RI WKH DQQH[

EXLOGLQJVWUXFWXUDODQGUDGLDWLRQVKLHOGLQJIXQFWLRQVRUWXUELQHEXLOGLQJVWUXFWXUDOIXQFWLRQ



1RWHVZLOOEHDGGHGWR7DEOHWRFODULI\\WKDWDQQH[DQGWXUELQHEXLOGLQJFRQVWUXFWLRQ

WKLFNQHVVGHYLDWLRQVDUHHYDOXDWHGLQWKHWKLFNQHVVUHSRUWLQDFFRUGDQFHZLWKWKH,7$$&

UHTXLUHPHQWV7KHSURSRVHGDPHQGPHQWZLOOPRGLI\\,7$$&,QGH[QXPEHUIRUWKHDQQH[

EXLOGLQJLQ7DEOHRI&2/$SSHQGL[&WRDGGWKHVKLHOGLQJUHTXLUHPHQWVWRWKH³'HVLJQ

&RPPLWPHQW'



3URSRVHG&KDQJHVWRWKH5DGZDVWH%XLOGLQJ,7$$&



7KHUHLVRQH,7$$&DVVRFLDWHGZLWKWKHZDVWHDFFXPXODWLRQURRPLQWKHUDGZDVWHEXLOGLQJ

7KH DVVRFLDWHG 'HVLJQ&RPPLWPHQW IRU WKH,7$$& VSHFLILHV WKDW WKHZDOOV RI WKH ZDVWH

DFFXPXODWLRQ URRP SURYLGH VKLHOGLQJ GXULQJ QRUPDO RSHUDWLRQV 7KH FRUUHVSRQGLQJ

$FFHSWDQFH&ULWHULDVSHFLILHVWKDWDUHSRUWLVSURGXFHGWKDWGHPRQVWUDWHVWKDWWKHVKLHOG

ZDOOV RI WKH ZDVWH DFFXPXODWLRQ URRP LQ WKH UDGZDVWH EXLOGLQJ DUH FRQVLVWHQW ZLWK WKH

FRQFUHWHZDOOWKLFNQHVVVSHFLILHGLQ,7$$&,QGH[1XPEHU



DVWHDFFXPXODWLRQURRPZDOODQGIORRUWKLFNQHVVHVWKDWGHYLDWHIURPWKHYDOXHVVSHFLILHG

LQ&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU 7DEOHDUHHYDOXDWHGDQGGLVSRVLWLRQHG

LQ1 '5HSRUWV7KLVSURFHVVGHPRQVWUDWHVWKDWWKHUHLVQRLPSDFWWRWKHUDGLDWLRQVKLHOGLQJ

IXQFWLRQ RU FRUUHFWLYH DFWLRQV DUH WDNHQ WR UHVWRUH FRPSOLDQFH 7KHUHIRUH WKH ZDVWH

DFFXPXODWLRQ URRP WKLFNQHVV GHYLDWLRQ HYDOXDWLRQV GHPRQVWUDWH WKH DVEXLOW VWUXFWXUH

FRQWLQXHVWRPHHWWKH'HVLJQ&RPPLWPHQWRI,7$$&,QGH[1XPEHU,WLVSURSRVHGWKDW

,7$$&,QGH[ 1XPEHU  $FFHSWDQFH &ULWHULD EH FODULILHG WR VSHFLI\\ WKDW WKH ZDVWH

DFFXPXODWLRQURRPWKLFNQHVVUHSRUWLQFOXGHVHYDOXDWLRQVRIWKLFNQHVVGHYLDWLRQVLGHQWLILHG

GXULQJFRQVWUXFWLRQDQGGHPRQVWUDWHVWKHUHLVQRLPSDFWWRHVWDEOLVKHGUDGLRORJLFDO]RQLQJ

DQGHTXLSPHQWTXDOLILFDWLRQ



,WLVDOVRSURSRVHGWRGHOHWHWKHDGMHFWLYH³PLQLPXP'ZKLFKPRGLILHV³FRQFUHWHZDOOWKLFNQHVV'

IURP WKH $FFHSWDQFH &ULWHULD RI,7$$&,QGH[ 1XPEHU  WR FODULI\\ WKDW WKH UHYLVHG

$FFHSWDQFH&ULWHULDDOORZGHYLDWLRQVLQZDOOWKLFNQHVVHV



7HFKQLFDO(YDOXDWLRQ



&KDQJHVWR6WUXFWXUDO%XLOGLQJ,7$$&



7KHSURFHVVHVRXWOLQHGLQ&)5$SSHQGL['6HFWLRQ9,,,DVVXSSOHPHQWHGE\\/LFHQVH

&RQGLWLRQ'  DQG&)5$SSHQGL[%ZLOOFRQWLQXHWREHIROORZHG



DRAFT LQ

LQ

$&,QGH[

$&,Q VKLHOGLQJUHTXL VKLHOGLQ 7$$&

7$$&

F ZDVWHDFFXPXODWLRQURR DFFXPX IRU WKH,7$$& VSHFLILH IRU WKH,7$$& V GLQJ GXULQJ QRUPDO

J GXULQJ QRUPDO

DWDUHSRUWLVSURGXFHG SRUWLVSURGXFHG LRQ URRP LQ WKH UDGZD LRQ URRP LQ WKH UDGZD FLILHGLQ,7$$&,QGH[1 FLILHGLQ,7$$&,QG RPZDOODQGIORRUWKLFN PZDOODQGIORRUWKLFN

DQGSODQWVSHFLILF7LHU

DQGSODQWVSH 7KLVSURFHVVGHPRQVWUD 7KLVSURFHVVGHPRQ UUHFWLYH DFWLRQV DUH W UUHFWLYH DFWLRQV DUH W RRP WKLFNQHVV GHY RRP WKLFNQHVV

WKH'HVLJQ&R WKH'HVLJQ&

HU  $

HU  $

NQH NQH

3DJHRI

1'

(QFORVXUH

5HTXHVWIRU/LFHQVH$PHQGPHQW&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ,7$$& /$55 



&)5$SSHQGL['6HFWLRQ9,,,3URFHVVHV



7KHSURSRVHGFKDQJHVGRQRWLQYROYHFKDQJHVWRWKHGHVLJQRIWKHSODQW7KHSURSRVHG

FKDQJHVGRQRWDIIHFWDQ\\RIWKHGHVLJQIXQFWLRQVRIWKHVWUXFWXUDOEXLOGLQJVDVGHVFULEHGLQ

WKH8SGDWHG)LQDO6DIHW\\$QDO\\VLV5HSRUW 8)6$5 'HYLDWLRQVWKDWFRXOGSRWHQWLDOO\\DIIHFW

WKHGHVLJQIXQFWLRQVRIVWUXFWXUDOEXLOGLQJVRUDOWHUFRPSOLDQFHZLWKDSSOLFDEOHGHVLJQFRGHV

RUOLFHQVLQJEDVLVUHTXLUHPHQWVFRQWLQXHWREHHYDOXDWHGDQGGLVSRVLWLRQHGXQGHUWKH&)5

$SSHQGL['6HFWLRQ9,,,SURFHVVDVVXSSOHPHQWHGE\\/LFHQVH&RQGLWLRQ'  



7KHSURSRVHGDPHQGPHQWGRHVQRWFKDQJHWKHUHTXLUHPHQWIRU1,VWUXFWXUHVWRFRPSO\\ZLWK

DSSOLFDEOHFRQFUHWHDQGVWUXFWXUDOFRGHVDVGHILQHGLQWKHOLFHQVLQJEDVLV6SHFLILFDOO\\WKH

SURSRVHGFKDQJHVGRQRWDOWHUWKHUHTXLUHPHQWWKDWVHLVPLF&DWHJRU\\,DQG,,VWUXFWXUHV

FRPSO\\ ZLWK DSSOLFDEOH GHVLJQ FRGHV LQFOXGLQJ $&,  DQG $16,$,6& 1,Q

DGGLWLRQ VXSSOHPHQWDO UHTXLUHPHQWV GHVFULEHG LQ 8)6$5 6XEVHFWLRQ  ³6HLVPLF

&DWHJRU\\,6WUXFWXUHV'8)6$56XEVHFWLRQ6WUXFWXUDO&ULWHULDDQGWKHJXLGDQFH

FRQWDLQHGLQ15&5HJXODWRU\\*XLGHVDQGDVGLVFXVVHGLQ8)6$5

$SSHQGL[$³&RQIRUPDQFHZLWK5HJXODWRU\\*XLGHV'FRQWLQXHWREHPHW



7KHSURSRVHGDPHQGPHQWGRHVQRWFKDQJHWKHUHTXLUHPHQWIRUVWUXFWXUHVWRFRPSO\\ZLWK

&)5$SSHQGL[$*'&&RQWURO5RRP7KHSURSRVHGFKDQJHVWRWKH1,,7$$&GR

QRW LQYROYH D FKDQJH WR WKH GHVLJQ RI WKH 1, 7KH DQQH[ EXLOGLQJ SURYLGHV WKH VHFXULW\\

FRQWUROOHGDFFHVVSDWKWRWKHPDLQFRQWUROURRP7KHFKDQJHWRWKHDQQH[EXLOGLQJ,7$$&

GRHV QRW LQYROYH D FKDQJH WR WKH GHVLJQ RI WKH DQQH[ EXLOGLQJ VKLHOGLQJ IRU WKH DQQH[

EXLOGLQJRUWKHQRUPDORSHUDWLRQRUSRVWDFFLGHQWUDGLDWLRQ]RQLQJRIWKHDQQH[EXLOGLQJ7KH

SURSRVHGFKDQJHWRWKHDQQH[EXLOGLQJGRHVQRWDIIHFWWKHUDGLDWLRQ]RQHRIWKHVHFXULW\\

FRQWUROOHGDFFHVVSDWKWRWKHPDLQFRQWUROURRPEHFDXVHWKHIORRUZDVQRWFUHGLWHGZLWK

UDGLDWLRQVKLHOGLQJLQGHYHORSPHQWRIWKHSUHGLFWHGUDGLDWLRQ]RQLQJIRUWKHVHFXULW\\HQWUDQFH

VKRZQLQ8)6$5)LJXUH7KHUHIRUHWKHGHVLJQFRQWLQXHVWRFRPSO\\ZLWK*'&



&KDQJH&RQWURO3URFHVV



'XULQJFRQVWUXFWLRQDQGTXDOLW\\FRQWUROLQVSHFWLRQGHYLDWLRQVIURPWKHGHVLJQDUHLGHQWLILHG

DQGGRFXPHQWHGLQ1 '5HSRUWV7KH1 'SURFHGXUHZDVGHYHORSHGDQGLVPDLQWDLQHGLQ

DFFRUGDQFHZLWK&)5$SSHQGL[%(DFKQRQFRQIRUPDQFHLVLQGLYLGXDOO\\UHYLHZHGDQG

JLYHQDGLVSRVLWLRQE\\VLWHGHVLJQHQJLQHHULQJ7KH1 'SURFHVVUHTXLUHVLQWHUGLVFLSOLQDU\\

UHYLHZHUVWRGHWHUPLQHWKHOHYHORIWKHLPSDFWDQGSURYLGHMXVWLILFDWLRQIRUGHYLDWLRQV)RU

H[DPSOHLIDVHFWLRQRIZDOOLVLGHQWLILHGDVEHLQJWKLQQHUWKDQWKH$FFHSWDQFH&ULWHULDWKH

FRJQL]DQWGHVLJQHQJLQHHULQJJURXSLVLQYROYHGWRGHWHUPLQHLIVWUXFWXUDORUUDGLDWLRQVKLHOGLQJ

IXQFWLRQDOLW\\ LV LPSDFWHG 7KH 1 ' SURFHVV LGHQWLILHV WKH GHVLJQ GRFXPHQW V  WKDW WKH

GHYLDWLRQSRWHQWLDOO\\DIIHFWVDQGZKHQFRPSOHWHGWKHUHFRUGLVDUFKLYHG



7KHSRVVLEOHGLVSRVLWLRQVLQ1 '5HSRUWVDUH³PHHWVUHTXLUHPHQWV'³UHZRUN'³XVHDVLV'

³UHSDLU'³UHWXUQWRYHQGRU'RU³VFUDS'8VHDVLVDQGUHSDLUGLVSRVLWLRQVUHSUHVHQWDGHYLDWLRQ

WRWKHVSHFLILHGGHVLJQUHTXLUHPHQWV7KLVW\\SHRIGLVSRVLWLRQLVVXEMHFWWRWKHVDPHGHVLJQ

FRQWUROPHDVXUHVDVDSSOLHGWRWKHRULJLQDOGHVLJQDQGDUHUHYLHZHGDQGDSSURYHGE\\WKH

RUJDQL]DWLRQWKDWSHUIRUPHGWKHRULJLQDOGHVLJQ7KHGHVLJQFRQWUROPHDVXUHVDUHHVWDEOLVKHG

LQ DFFRUGDQFH ZLWK UHTXLUHPHQWV LQ  &)5  $SSHQGL[ % &ULWHULRQ,,, 5HSDLUHG DQG

UHZRUNHG LWHPV DUH UHYHULILHG LQ DFFRUGDQFH ZLWK RULJLQDO FULWHULD RU DV VSHFLILHG LQ WKH

GLVSRVLWLRQ

DRAFT 6X 6X XFWXUDO&

XFWXU

DQG

DQG

D V'FRQWLQXHWR

V'FRQWLQXHWR EHP HUHTXLUHPHQWIRUVWUXFW HUHTXLUHPHQWIRUVWUXF RP7KHSURSRVHGFKDQ P7KHSURSR KH 1, 7KH DQQH[ EXLO 7KH D QWUROURRP7KHFKDQJH QWUROURRP7KHF GHVLJQ RI WKH DQQH[ E VLJQ RI WKH DQQH[

RUSRVWDFFLGHQWUDGLDWLR

DFFLGHQWUDGLDWLR

[EXLOGLQJGRHVQRWDIIH

[EXLOGLQJGRHVQRWDIIH KHPDLQFRQWUROURRPE KHPDLQFRQWUROUR HORSPHQWRIWKHSUHGLFWH HORSPHQWRIWKHSUHGLF H7KHUHIRUHWKH

7KHUHIRUHWKH URFHVV

URFHVV

D WLRQDQGTXDOLW\\FRQ WLRQDQGTXDOLW\\

Q1 '5HSRUWV Q1 '5HSRU

&)5$S

&)5$S VLWHG VLWHG

3DJHRI

1'

(QFORVXUH

5HTXHVWIRU/LFHQVH$PHQGPHQW&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ,7$$& /$55 





7HFKQLFDOMXVWLILFDWLRQLVUHTXLUHGIRUXVHDVLVDQGUHSDLUGLVSRVLWLRQVWKDWLQFOXGHVXIILFLHQW

LQIRUPDWLRQ WR MXVWLI\\ WKH DGHTXDF\\ RI WKH QRQFRQIRUPLQJ LWHP IRU LWV LQWHQGHG XVH 7KH

MXVWLILFDWLRQDVVXUHVWKDWWKHVWUXFWXUDOGHVLJQFRQWLQXHVWRPHHWWKH$3SODQWGHVLJQ

FULWHULDGRFXPHQWVDQGKHQFHDVVXUHVWKHVWUXFWXUDOGHVLJQDQGVKLHOGLQJGHVLJQREMHFWLYHV

FRQWLQXHWRVDWLVI\\WKHGHVLJQFULWHULDRI8)6$56XEVHFWLRQVDQG7KHWHFKQLFDO

MXVWLILFDWLRQZRXOG DVDSSOLFDEOH LQFOXGH



x

5HIHUHQFHWRH[LVWLQJFDOFXODWLRQVRUDQDO\\VHVXSRQZKLFKWKHGHVLJQLVEDVHG

x

$ GHVFULSWLRQ RI WKH EDVLV IRU WKH DFFHSWDELOLW\\ GHWHUPLQDWLRQ RI DQ LPSDFWHG

FRPSRQHQWVXSSRUWHGE\\DGGLWLRQDOFDOFXODWLRQVRUDQDO\\VLVDVGHHPHGDSSURSULDWH

x

5HIHUHQFHWRDQ\\DIIHFWHGVWUXFWXUDOIXQFWLRQDORUSHUIRUPDQFHUHTXLUHPHQWV



7KH 1 ' SURFHVV HYDOXDWHV WKH LPSDFW RI WKH GHYLDWLRQV RQ WKH H[LVWLQJ FDOFXODWLRQV RU

DQDO\\VHVXSRQZKLFKWKHGHVLJQLVEDVHGDQGLGHQWLILHVWKHLPSDFWHGGRFXPHQWV7KH1 '

5HSRUWV DUH DUFKLYHG DV SODQW UHFRUGV DQG DUH DVVRFLDWHG OLQNHG  ZLWK WKH LPSDFWHG

GRFXPHQWVVRWKDWIXWXUHUHYLHZRIDQLPSDFWHGGRFXPHQWLQFOXGHVDUHYLHZRIWKH1 '

5HSRUWWRDOORZIRUV\\VWHPDWLFUHFRQFLOLDWLRQ



$V SDUW RI WKH 1 ' SURFHVV D UHYLHZ RI WKH 9(*3   OLFHQVLQJ EDVLV UHTXLUHPHQWV

DVVRFLDWHG ZLWK WKH QRQFRQIRUPLQJ FRQGLWLRQ LV SHUIRUPHG,I DQ\\ FKDQJH WR 9(*3  

8)6$57LHU7LHURU7LHU LQIRUPDWLRQLVUHTXLUHGWRDGGUHVVWKHQRQFRQIRUPDQFHWKH

SURFHVVHVIRUFKDQJHVDQGGHSDUWXUHVGHVFULEHGLQ&)5$SSHQGL['6HFWLRQ9,,,ZLOO

EHIROORZHG)RULQVWDQFHFRQVWUXFWLRQGHYLDWLRQVDIIHFWLQJUDGLDWLRQVKLHOGLQJIXQFWLRQDOLW\\

HJ RFFXSDWLRQDO DQG SXEOLF GRVH HQYLURQPHQWDO TXDOLILFDWLRQ DJJUHJDWH LPSDFWV  DUH

HYDOXDWHG WR HQVXUH WKH UHVXOWDQW FKDQJH LV FRQVLVWHQW ZLWK WKH 7LHU  GHVLJQ FULWHULD

LQFOXGLQJEXWQRWOLPLWHGWR9(*3 8)6$56XEVHFWLRQV³(VWLPDWHG5DGLDWLRQDQG

&KHPLFDO (QYLURQPHQW' ' ³5DGLDWLRQ 'RVH' DQG  ³6KLHOGLQJ 'HVLJQ

2EMHFWLYHV'7KHHYDOXDWLRQZLOOHQVXUHHLWKHUWKHUHLVQRLPSDFWWRHVWDEOLVKHGUDGLRORJLFDO

]RQLQJDQGHTXLSPHQWTXDOLILFDWLRQVRUDFKDQJHWKH9(*3 OLFHQVLQJEDVLVLVUHTXLUHG



&KDQJHVWR1XFOHDU,VODQG,7$$&



7KHSURSRVHGFKDQJHVUHYLVH,7$$&LQ&2/$SSHQGL[&WRFRQVROLGDWHGXSOLFDWLYH,7$$&

UHTXLUHPHQWVDQGDOORZUHFRQFLOLDWLRQRIWKLFNQHVVGHYLDWLRQVIURP&2/$SSHQGL[&7DEOH

LQWKHUHFRQFLOLDWLRQUHSRUWVIRU1,EXLOGLQJV7KHSURSRVHGFKDQJHVGRQRWHOLPLQDWH

DQ\\'HVLJQ&RPPLWPHQWIRUWKH1,EXLOGLQJV7KHSURSRVHGFKDQJHVGRQRWHOLPLQDWHDQ\\

UHTXLUHPHQW IRU YHULI\\LQJ VWUXFWXUDO DQG UDGLDWLRQ VKLHOGLQJ IXQFWLRQV RI WKH 1, VWUXFWXUDO

EXLOGLQJV )RU HDFK SURSRVHG,7$$& FRQVROLGDWLRQ WKH DVVRFLDWHG 8)6$5 GHVLJQ

LQIRUPDWLRQ LV FRQVLVWHQW ZLWK WKH FXUUHQW SODQW GHVLJQ DQG QR VWUXFWXUH V\\VWHP RU

FRPSRQHQW 66& GHVLJQIXQFWLRQRUDQDO\\VLVDVGHVFULEHGLQWKH8)6$5LVDIIHFWHGE\\

WKHSURSRVHGFKDQJHV



$FFRUGLQJWRWKH$FFHSWDQFH&ULWHULDIRU,7$$&,QGH[1XPEHUVDQGWKH

UHFRQFLOLDWLRQUHSRUWV DVEXLOWEXLOGLQJUHSRUWV DUHUHTXLUHGIRUHDFK1,EXLOGLQJ7KHDVEXLOW

EXLOGLQJUHSRUWVUHFRQFLOHGHVLJQFKDQJHVDQGVLWHVSHFLILFQRQFRQIRUPDQFHVEHWZHHQWKH

DVGHVLJQHG DQG DVEXLOW EXLOGLQJ VWUXFWXUHV 7KH 1, FRQVWUXFWLRQ GHYLDWLRQV IURP WKH

WKLFNQHVVHV DQG WROHUDQFHV VSHFLILHG LQ &2/ $SSHQGL[ & 7DEOH  DUH LQGLYLGXDOO\\

HYDOXDWHGWKURXJKWKHQRQFRQIRUPDQFHSURFHVVHVDQGDUHLQFOXGHGLQWKHDVEXLOWEXLOGLQJ

DRAFT V RQ

 RQ WKHLPSD WKHLP F

VVRFLDWHG OLQNH VVRFLDWHG RFXPHQWLQFOXGH RFXPHQWLQFOX VD I WKH 9(*3   OLFHQ WKH 9(*3

GLWLRQ LV SHUIRUPHG,I

V SHUIR DWLRQLVUHTXLUHGWRDGG DWLRQLVUHTXLUHGW UHVGHVFULEHGLQ&)5 GHVFULEHGLQ&)

UXFWLRQGHYLDWLRQVDIIHF GHYLDWLRQVDIIH F GRVH HQYLURQPHQWDO

F GRVH HQYLURQPHQWDO

HVXOWDQW FKDQJH LV FRQ HVXOWDQW FKDQJH L R9(*3 8)6$56 R9(*3 8)6$5

QW' ' ³5DGLDWLR

' ³5DGLDWLR YDOXDWLRQZLOO YDOXDWLRQZLOOHQVXUHHLW

H PHQWTXDOLILFDWLRQVRUD PHQWTXDOLILFDWLRQV

FOHDU,VODQG,7$$&

FOHDU,VODQG,7$

HVUHYLVH HVUHYLVH UHF UHF

3DJHRI

1'

(QFORVXUH

5HTXHVWIRU/LFHQVH$PHQGPHQW&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ,7$$& /$55 



UHSRUWV DV SDUW RI WKH QRQFRQIRUPDQFH UHFRQFLOLDWLRQ 7KH UHFRQFLOLDWLRQ UHSRUWV LQFOXGH

HYDOXDWLRQV RI WKH UDGLDWLRQ VKLHOGLQJ IXQFWLRQ RI DVEXLOW WKLFNQHVVHV ZKLFK GHYLDWH LQ D

QHJDWLYH GLUHFWLRQ 7KHUHIRUH WKH LQIRUPDWLRQ LQ WKH WKLFNQHVV UHSRUW LV FRYHUHG E\\ WKH

UHFRQFLOLDWLRQUHSRUW7KHUHPRYDORIWKHWKLFNQHVVUHSRUW$FFHSWDQFH&ULWHULDIRU1,GRHVQRW

UHGXFHWKHVFRSHRULQWHQWRIWKH,7$$&



&KDQJHVWR$QQH[%XLOGLQJ,7$$&



7KH$FFHSWDQFH&ULWHULDRI,7$$&1XPEHULVWRYHULI\\WKHVWUXFWXUDOIXQFWLRQRIWKHDV

EXLOW DQQH[ EXLOGLQJ VWUXFWXUH WKURXJK WKH YHULILFDWLRQ RI ZDOO WKLFNQHVV 6LPLODUO\\ WKH

$FFHSWDQFH&ULWHULDRI,7$$&1XPEHULVWRYHULI\\WKHUDGLDWLRQVKLHOGLQJIXQFWLRQRIWKH

DVEXLOWDQQH[EXLOGLQJVWUXFWXUHWKURXJKWKHYHULILFDWLRQRIZDOOWKLFNQHVV7KHLQIRUPDWLRQ

SURYLGHGLQWKHDQQH[EXLOGLQJWKLFNQHVVUHSRUWUHTXLUHGE\\,7$$&,QGH[1XPEHULV

GXSOLFDWLYHZLWKWKHLQIRUPDWLRQLQWKHWKLFNQHVVUHSRUWUHTXLUHGE\\,7$$&,QGH[1XPEHU

7KHUHIRUH LW LV DFFHSWDEOH WR FRQVROLGDWH,7$$&,QGH[ 1XPEHU  LQWR,7$$&,QGH[

1XPEHU



7KHSURSRVHGFKDQJHZRXOGUHYLVH,7$$&$FFHSWDQFH&ULWHULDWRFODULI\\WKDWWKHDQQH[

EXLOGLQJWKLFNQHVVUHSRUWZLOOLQFOXGHHYDOXDWLRQVRIWKLFNQHVVGHYLDWLRQVLGHQWLILHGGXULQJ

FRQVWUXFWLRQ DQG GHPRQVWUDWH WKDW DVEXLOW VWUXFWXUHV ZLOO ZLWKVWDQG GHVLJQ EDVLV ORDGV

ZLWKRXWORVVRIVWUXFWXUDOLQWHJULW\\DQGZLWKRXWLPSDFWLQJHVWDEOLVKHGUDGLRORJLFDO]RQLQJDQG

HTXLSPHQWTXDOLILFDWLRQ



7KHSURSRVHGFKDQJHZRXOGDGGDQRWHLQ&2/$SSHQGL[&7DEOHWRDOORZHYDOXDWLRQ

RI WKLFNQHVV GHYLDWLRQV LQ WKH DQQH[ EXLOGLQJ WKLFNQHVV UHSRUW $QQH[ EXLOGLQJ WKLFNQHVV

GHYLDWLRQVDUHHYDOXDWHGE\\WKHVWUXFWXUDOJURXSWRFRQILUPWKDWWKHUHLVQRLPSDFWWRWKH

VWUXFWXUDOIXQFWLRQ7KLFNQHVVGHYLDWLRQVLQWKHQHJDWLYHGLUHFWLRQDUHDOVRHYDOXDWHGE\\WKH

UDGLDWLRQVKLHOGLQJJURXSWRFRQILUPWKDWWKHUHLVQRLPSDFWWRHVWDEOLVKHGUDGLRORJLFDO]RQLQJ

DQGHTXLSPHQWTXDOLILFDWLRQLQWKHDQQH[EXLOGLQJDVEXLOWZDOOVDQGIORRUV7KHWKLFNQHVV

UHSRUWVIRUWKHDQQH[EXLOGLQJVXPPDUL]H1 '5HSRUWVUHODWHGWRWKLFNQHVVGHYLDWLRQVZKLFK

ZHUH GLVSRVLWLRQHG SULRU WR WKH WKLFNQHVV UHSRUW FRPSOHWLRQ DQG GHPRQVWUDWH WKHUH LV QR

FXPXODWLYHLPSDFWRQWKHVWUXFWXUDORUVKLHOGLQJIXQFWLRQV



7KH SURSRVHG FKDQJHV UHYLVH &2/ $SSHQGL[ &,7$$& WR FRQVROLGDWH GXSOLFDWLYH

UHTXLUHPHQWV DQG DOORZ HYDOXDWLRQV RI WKLFNQHVV GHYLDWLRQV IURP &2/ $SSHQGL[& 7DEOH

WKLFNQHVVUHTXLUHPHQWV7KHSURSRVHGFKDQJHVGRQRWHOLPLQDWHDQ\\UHTXLUHPHQWIRU

YHULI\\LQJ VWUXFWXUDO RU UDGLDWLRQ VKLHOGLQJ IXQFWLRQV RI WKH DQQH[ EXLOGLQJ 7KH SURSRVHG

FKDQJHVGRQRWDOWHUWKHH[LVWLQJGHVLJQUHTXLUHPHQWVIRUWKHDQQH[EXLOGLQJDVGHVFULEHGLQ

8)6$56XEVHFWLRQ



&KDQJHVWR7XUELQH%XLOGLQJ,7$$&



7KH$FFHSWDQFH&ULWHULDRI,7$$&1XPEHULVWRYHULI\\WKHVWUXFWXUDOIXQFWLRQRIWKHDV

EXLOWWXUELQHEXLOGLQJWKURXJKWKHYHULILFDWLRQRIZDOOWKLFNQHVV7KHSURSRVHGFKDQJHZLOO

UHYLVHWKH,7$$&$FFHSWDQFH&ULWHULDWRFODULI\\WKDWWKHWXUELQHEXLOGLQJWKLFNQHVVUHSRUWZLOO

LQFOXGHHYDOXDWLRQVRIWKLFNQHVVGHYLDWLRQVLGHQWLILHGGXULQJFRQVWUXFWLRQDQGGHPRQVWUDWH

WKDW WKH DVEXLOW VWUXFWXUH ZLOO ZLWKVWDQG WKH GHVLJQ EDVLV ORDGV ZLWKRXW ORVV RI VWUXFWXUDO

LQWHJULW\\



DRAFT HGE HGE

[ 1XPEH

[ 1X FFHSWDQFH&ULWHULD

FFHSWDQFH&ULWHULD WRF RQVRIWKLFNQHVVGHYLD RQVRIWKLFNQHVVGHYL W VWUXFWXUHV ZLOO ZLWKVW VWUXFWXUHV Z KRXWLPSDFWLQJHVWD PSDFWLQJ EOLV DQRWHLQ&2/$SSHQG

LQ&2/$SSHQG DQQH[ EXLOGLQJ WKLFNQ DQQH[ EXLOGLQJ WKLFNQ

\\WKHVWUXFWXUDOJURXSW

\\WKHVWUXFWXUDOJU QHVVGHYLDWLRQVLQWKHQ QHVVGHYLDWLRQVLQWKH XSWRFRQILUPWKDWWKHUH

RFRQILUPWKDWWKHUH

LILFDWLRQLQWKHDQQH[E ILFDWLRQLQWKH QH[EXLOGLQJVXPPDUL]H QH[EXLOGLQJVXPPD QHG SULRU WR WKH WKLFNQ QHG SULRU WR WKH WKLFN DFWRQWKHVWUXFWXUDO

DFWRQWKHVWUXFWX QJHV UHY QJHV UHY Z HY Z HY

3DJHRI

1'

(QFORVXUH

5HTXHVWIRU/LFHQVH$PHQGPHQW&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ,7$$& /$55 



7KH DPHQGPHQW ZLOO DGG D QRWH LQ &2/ $SSHQGL[ & 7DEOH  WR DOORZ HYDOXDWLRQ RI

WKLFNQHVV GHYLDWLRQV LQ WKH WXUELQH EXLOGLQJ WKLFNQHVV UHSRUW 7XUELQH EXLOGLQJ WKLFNQHVV

GHYLDWLRQVDUHHYDOXDWHGE\\WKHVWUXFWXUDOJURXSWRFRQILUPWKDWWKHUHLVQRLPSDFWWRWKH

VWUXFWXUDOIXQFWLRQ7KHWKLFNQHVVUHSRUWVIRUWKHWXUELQHEXLOGLQJVXPPDUL]H1 '5HSRUWV

UHODWHG WR WKLFNQHVV GHYLDWLRQV ZKLFK ZHUH GLVSRVLWLRQHG SULRU WR WKH WKLFNQHVV UHSRUW

FRPSOHWLRQDQGGHPRQVWUDWHWKHUHLVQRFXPXODWLYHLPSDFWRQWKHVWUXFWXUDOIXQFWLRQ



7KHSURSRVHGFKDQJHVUHYLVH&2/$SSHQGL[&,7$$&WRDOORZHYDOXDWLRQVRIWKLFNQHVV

GHYLDWLRQV IURP &2/ $SSHQGL[& 7DEOH  WKLFNQHVV UHTXLUHPHQWV 7KH SURSRVHG

FKDQJHVGRQRWHOLPLQDWHDQ\\UHTXLUHPHQWIRUYHULI\\LQJWKHVWUXFWXUDOIXQFWLRQRIWKHWXUELQH

EXLOGLQJ7KHSURSRVHGFKDQJHVGRQRWDOWHUWKHH[LVWLQJGHVLJQUHTXLUHPHQWVIRUWKHWXUELQH

EXLOGLQJDVGHVFULEHGLQ8)6$5VXEVHFWLRQ



&KDQJHVWR5DGZDVWH%XLOGLQJ,7$$&



7KH SURSRVHG UDGZDVWH EXLOGLQJ,7$$& FKDQJH FODULILHV WKDW WKH WKLFNQHVV UHSRUW DOVR

LQFOXGHV WKH HYDOXDWLRQV RI WKLFNQHVV GHYLDWLRQV LGHQWLILHG GXULQJ FRQVWUXFWLRQ DQG

GHPRQVWUDWHV WKHUH LV QR LPSDFW WR HVWDEOLVKHG UDGLRORJLFDO ]RQLQJ DQG HTXLSPHQW

TXDOLILFDWLRQ 7KH UDGZDVWH EXLOGLQJ LV D QRQVHLVPLF VWHHO IUDPHG VWUXFWXUH GHVLJQHG LQ

DFFRUGDQFHZLWKWKH8QLIRUP%XLOGLQJ&RGH 8%& 7KHUDGZDVWHEXLOGLQJFRQWDLQVIDFLOLWLHV

IRUWKHKDQGOLQJDQGVWRUDJHRISODQWZDVWHV6KLHOGLQJLVSURYLGHGDVQHFHVVDU\\IRUWKHZDVWH

VWRUDJHDUHDVLQWKHUDGZDVWHEXLOGLQJWRPHHWWKHUDGLDWLRQ]RQHDQGDFFHVVUHTXLUHPHQWV

$V GLVFXVVHG LQ WKH WHFKQLFDO MXVWLILFDWLRQ IRU 1, FKDQJHV FRQVWUXFWLRQ GHYLDWLRQV DUH

HYDOXDWHGLQDFFRUGDQFHZLWK1 'SURFHVVZKLFKDSSOLHVWRWKLFNQHVVGHYLDWLRQVIURP,7$$&

,QGH[1XPEHULQWKHUDGZDVWHEXLOGLQJ7KHWKLFNQHVVGHYLDWLRQLQWKHSRVLWLYHGLUHFWLRQ

GRHVQRWLPSDFWWKHUDGLDWLRQVKLHOGLQJ$Q\\WKLFNQHVVGHYLDWLRQLQWKHQHJDWLYHGLUHFWLRQLV

GLVSRVLWLRQHG E\\ WKH FRJQL]DQW HQJLQHHULQJ JURXS WR FRQILUP WKDW WKHUH LV QR LPSDFW WR

HVWDEOLVKHG UDGLRORJLFDO ]RQLQJ DQG HTXLSPHQW TXDOLILFDWLRQ LQ WKH DVEXLOW ZDOOV 7KH

WKLFNQHVV UHSRUW IRU WKH UDGZDVWH EXLOGLQJ VXPPDUL]HV 1 ' 5HSRUWV WKDW DUH UHODWHG WR

WKLFNQHVVGHYLDWLRQVLQWKHZDVWHDFFXPXODWLRQURRPZKLFKZHUHGLVSRVLWLRQHGSULRUWRWKH

WKLFNQHVV UHSRUW DQG ZHUH GHPRQVWUDWHG WR KDYH QR LPSDFW RQ UDGLDWLRQ VKLHOGLQJ 7KH

SURSRVHGGHOHWLRQRI³PLQLPXP'LQIURQWRIWKHZDOOWKLFNQHVVIURPWKH$FFHSWDQFH&ULWHULDLV

FRQVLVWHQWZLWKWKHSURSRVHGFKDQJHRIDOORZLQJGHYLDWLRQHYDOXDWLRQVLQWKHWKLFNQHVVUHSRUW

LQ,7$$&,QGH[1XPEHU



7KH SURSRVHG FKDQJHV GR QRW LPSDFW 'HVLJQ &RPPLWPHQWV IRU WKH UDGZDVWH EXLOGLQJ

EHFDXVH WKH\\ GR QRW HOLPLQDWH DQ\\ UHTXLUHPHQW IRU YHULI\\LQJ UDGLDWLRQ VKLHOGLQJ RI WKH

UDGZDVWHEXLOGLQJDFFXPXODWLRQURRP7KHSURSRVHGFKDQJHGRHVQRWFKDQJHWKHFXUUHQW

SODQWGHVLJQRUDIIHFW66&VGHVLJQIXQFWLRQRUDQDO\\VLVDVGHVFULEHGLQWKH8)6$5



6XPPDU\\



7KHSURSRVHGFKDQJHVWR,7$$&FRQWLQXHWRFRPSO\\ZLWKWKHUHTXLUHPHQWVRI&)53DUW

$SSHQGL['DQGWKH&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU GHVLJQGHVFULSWLRQVDQG

&)5IRU,7$$&FORVXUHQRWLILFDWLRQDQGFRPSOHWLRQ7KHVH,7$$&FRQVROLGDWLRQV

DQGFODULILFDWLRQVGRQRWPDNHWHFKQLFDOFKDQJHVWRWKH&2/$SSHQGL[& DQGSODQWVSHFLILF

7LHU GHVLJQGHVFULSWLRQVWDEOHVDQGILJXUHV1RVWUXFWXUHV\\VWHPRUFRPSRQHQW 66& 

GHVLJQIXQFWLRQRUDQDO\\VLVDVGHVFULEHGLQWKH8)6$5LVDIIHFWHG1RGHIHQVHLQGHSWK

VDIHW\\IXQFWLRQLVDIIHFWHG7KHUHDUHQRWHFKQLFDOFKDQJHVWRSODQWVSHFLILF,7$$&OLQHLWHPV

DRAFT ULILHV WKDW WKH ULILHV WK QV LGHQWLILHG GXULQJ QV LGHQWLILHG

KHG UDGLRORJLFDO ]RQ KHG UDGLRORJLFDO

L

VHLVPLF VWHHO IUD

VHLVPLF V PHG

PHG

8%& 7KHUDGZDVWHE 8%& 7KHUD HV6KLHOGLQJLVSURYLGHG HOGLQJLV WRPHHWWKHUDGLDWLRQ]

WRPHHWWKHUDGLD WLILFDWLRQ IRU 1, FKDQJ FDWLRQ IRU 1, FKDQ

'SURFHVVZKLFKDSSOLHV HVVZKLFKDSSOLHV DVWHEXLOGLQJ7KHWKLFN DVWHEXLOGLQJ7KHWKLFN QVKLHOGLQJ$Q\\WKLFNQ QVKLHOGLQJ$Q\\W QL]DQW HQJLQHHULQJ JUR QL]DQW HQJLQHHULQJ J DO ]RQLQJ DQG HTXLSP

]RQLQJ DQG HTXLSP WKH UDGZDVWH EXLOGLQJ WKH UDGZDVWH QVLQWKHZDVWHDFFXP QVLQWKHZDVWHDF UW DQG ZHUH GHPRQVWU UW DQG ZHUH GHPRQVW RQRI³PLQLPXP'LQI RQRI³PLQLPXP' SURSRVHGFKD SURSRVHGFK EHU

EHU

3DJHRI

1'

(QFORVXUH

5HTXHVWIRU/LFHQVH$PHQGPHQW&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ,7$$& /$55 





&2/ $SSHQGL[ & DQG SODQWVSHFLILF 7LHU   LQIRUPDWLRQ LV FRPSULVHG RI WKH GHVLJQ

LQIRUPDWLRQDQGIXQFWLRQVVXEMHFWWRYHULILFDWLRQE\\WKH,7$$&FORVXUHSURFHVV7KHSURSRVHG

FKDQJHVGRQRWWHFKQLFDOO\\DIIHFWGHVLJQFULWHULDGHVLJQIXQFWLRQVRULQYROYHDGHFUHDVHLQ

VDIHW\\ SURYLGHG E\\ WKH DVVRFLDWHG V\\VWHPV &2/ $SSHQGL[ & DQG SODQW VSHFLILF 7LHU  

,7$$&LQIRUPDWLRQZLOOFRQWLQXHWRDGHTXDWHO\\YDOLGDWHWKHFRUUHVSRQGLQJ8)6$5 7LHU 

GHVLJQFRPPLWPHQWV



7KHSURSRVHGFKDQJHVGRQRWLPSDFWDQ66&IXQFWLRQRUIHDWXUHXVHGLQWKHSUHYHQWLRQRU

PLWLJDWLRQRIDFFLGHQWVRUWKHLUVDIHW\\RUGHVLJQDQDO\\VHV7KHFKDQJHVGRQRWDIIHFWDQ\\

66&DFFLGHQWLQLWLDWRURULQLWLDWLQJVHTXHQFHRIHYHQWVRULQYROYHDQ\\VDIHW\\UHODWHG66&RU

IXQFWLRQXVHGWRPLWLJDWHDQDFFLGHQW



7KHSURSRVHGFKDQJHVGRQRWLQYROYHDFKDQJHWRDILVVLRQSURGXFWEDUULHU7KHFKDQJHVGR

QRWUHVXOWLQDQHZIDLOXUHPRGHPDOIXQFWLRQRUVHTXHQFHRIHYHQWVWKDWFRXOGDIIHFWVDIHW\\

7KHFKDQJHVZRXOGQRWDOORZIRUDQHZILVVLRQSURGXFWUHOHDVHSDWKUHVXOWLQDQHZILVVLRQ

SURGXFW EDUULHU IDLOXUH PRGH RU FUHDWH D QHZ VHTXHQFH RI HYHQWV WKDW ZRXOG UHVXOW LQ

VLJQLILFDQWIXHOFODGGLQJIDLOXUHV



7KHSURSRVHGFKDQJHVGRQRWDIIHFWDQ\\VDIHW\\UHODWHGHTXLSPHQWGHVLJQFRGHOLPLWVDIHW\\

UHODWHGIXQFWLRQVDIHW\\UHODWHGGHVLJQDQDO\\VLVVDIHW\\DQDO\\VLVLQSXWRUUHVXOWRUGHVLJQRU

VDIHW\\ PDUJLQ 1R VDIHW\\ DQDO\\VLV RU GHVLJQ EDVLV DFFHSWDQFH OLPLW RUFULWHULRQ ZRXOG EH

FKDOOHQJHGRUH[FHHGHG



,QFRQFOXVLRQWKHSURSRVHGFKDQJHVGRQRWLQYROYHDWHFKQLFDO GHVLJQDQDO\\VLVIXQFWLRQRU

TXDOLILFDWLRQ  FKDQJH HJ WKHUH LV QR FKDQJH WR DQ DVVRFLDWHG FDOFXODWLRQ GHVLJQ

SDUDPHWHURUGHVLJQUHTXLUHPHQW 7KHUHIRUHWKHFKDQJHVZRXOGQRWUHVXOWLQDGHFUHDVHLQ

SODQWVDIHW\\



7KHSURSRVHGFKDQJHVDVVRFLDWHGZLWKWKLVOLFHQVHDPHQGPHQWUHTXHVWGRQRWDIIHFWWKH

FRQWDLQPHQWFRQWUROFKDQQHOLQJPRQLWRULQJSURFHVVLQJRUUHOHDVLQJRIUDGLRDFWLYHDQGQRQ

UDGLRDFWLYHPDWHULDOV1RHIIOXHQWUHOHDVHSDWKLVLPSDFWHG7KHUHIRUHUDGLRDFWLYHRUQRQ

UDGLRDFWLYHPDWHULDOHIIOXHQWVVKRXOGQRWEHDIIHFWHG3ODQWUDGLDWLRQ]RQHV DVGHVFULEHGLQ

8)6$5 6HFWLRQ   FRQWUROV XQGHU  &)5  DQG H[SHFWHG DPRXQWV DQG W\\SHV RI

UDGLRDFWLYHPDWHULDOVDUHQRWDIIHFWHGE\\WKHSURSRVHGFKDQJHV7KHUHIRUHLQGLYLGXDODQG

FXPXODWLYHUDGLDWLRQH[SRVXUHVZLOOQRWFKDQJH



 7(&+1,&$/(9$/8$7,21 6((6(&7,21 



 5(*8/$725<(9$/8$7,21



$SSOLFDEOH5HJXODWRU\\5HTXLUHPHQWV&ULWHULD

&)5 D UHTXLUHVLQWKHUHOHYDQWSDUWWKDWWKHDSSOLFDWLRQPXVWFRQWDLQWKH

SURSRVHG LQVSHFWLRQV WHVWV DQG DQDO\\VHV WKDW WKH OLFHQVHH VKDOO SHUIRUP DQG WKH

DFFHSWDQFHFULWHULDWKDWDUHQHFHVVDU\\DQGVXIILFLHQWWRSURYLGHUHDVRQDEOHDVVXUDQFH

WKDWLIWKH,7$$&DUHSHUIRUPHGDQGWKHDFFHSWDQFHFULWHULDPHWWKHIDFLOLW\\KDVEHHQ

FRQVWUXFWHG DQG ZLOO EH RSHUDWHG LQ FRQIRUPLW\\ ZLWK WKH FRPELQHG OLFHQVH WKH

SURYLVLRQV RI WKH $FW DQG WKH &RPPLVVLRQ V UXOHV DQG UHJXODWLRQV 7KH SURSRVHG

FKDQJHV WR,7$$& FRQWLQXH WR FRPSO\\ ZLWK WKH UHTXLUHPHQWV RI  &)5 3DUW 

DRAFT SURG SUR HRIH HRIHYHQ WUHOHDVHS WUHOHDV DWK TXHQFH RI HYHQW TXHQFH RI H V

IHW\\UHODWHGHTXLSPHQW W\\UHODWHGHT DO\\VLVVDIHW\\DQDO\\V

VDIHW\\

LV

GHVLJQ EDVLV DFFHSWDQ GHVLJQ EDVLV DF DQJHVGRQRWLQYROYHD

DQJHVGRQRWLQYROYHD

 WKHUH LV QR FKDQJH

 WKHUH LV QR FK LUHPHQW 7KHUHIRUHWKH LUHPHQW 7KHUHIRUHW DQJHVDVVRFLDWHGZLWK DQJHVDVVRFLDWHG

RQWUROFKDQQHOLQJPRQ RQWUROFKDQQHOLQJPRQ HULDOV1RHIIOXHQWU HULDOV1RHIIOXH DOHIIOXHQWVVKR DOHIIOXHQWVVK

  FRQWUR

  FRQWUR UHQR UHQR

3DJHRI

1'

(QFORVXUH

5HTXHVWIRU/LFHQVH$PHQGPHQW&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ,7$$& /$55 



$SSHQGL['DQGWKH&2/$SSHQGL[& DQGSODQWVSHFLILF7LHU GHVLJQGHVFULSWLRQV

DQG  &)5  IRU,7$$& FORVXUH QRWLILFDWLRQ DQG FRPSOHWLRQ 7KHVH,7$$&

FRQVROLGDWLRQVDQGFODULILFDWLRQVGRQRWPDNHWHFKQLFDOFKDQJHVWRWKH&2/$SSHQGL[

& DQGSODQWVSHFLILF7LHU GHVLJQGHVFULSWLRQVWDEOHVDQGILJXUHV



&)5 I UHTXLUHV15&DSSURYDOIRUDQ\\PRGLILFDWLRQWRDGGLWLRQWRRUGHOHWLRQ

IURPWKHWHUPVDQGFRQGLWLRQVRID&2/7KLVDPHQGPHQWLQYROYHVDGHSDUWXUHIURP

SODQWVSHFLILF7LHULQIRUPDWLRQDQGFRUUHVSRQGLQJFKDQJHVWRWKH&2/$SSHQGL[&

7KHUHIRUHWKLVDPHQGPHQWUHTXLUHVDSURSRVHGDPHQGPHQWWRWKH&2/$FFRUGLQJO\\

15&DSSURYDOLVUHTXLUHGSULRUWRPDNLQJWKHSODQWVSHFLILFFKDQJHVLQWKLVOLFHQVH

DPHQGPHQWUHTXHVW



&)53DUW$SSHQGL['6HFWLRQ9,,,%DDOORZVDQDSSOLFDQWRUOLFHQVHHZKR

UHIHUHQFHVWKLVDSSHQGL[WRGHSDUWIURP7LHULQIRUPDWLRQZLWKRXWSULRU15&DSSURYDO

XQOHVV WKH SURSRVHG GHSDUWXUH LQYROYHV D FKDQJH WR RU GHSDUWXUH IURP 7LHU 

LQIRUPDWLRQ7LHU LQIRUPDWLRQRUWKH7HFKQLFDO6SHFLILFDWLRQVRUUHTXLUHVDOLFHQVH

DPHQGPHQWXQGHUSDUDJUDSKV%ERU%&RIWKHVHFWLRQ3RWHQWLDOLPSDFWVWR7LHU

7LHURU7LHU LQIRUPDWLRQDUHHYDOXDWHGXVLQJWKLVSURFHVV6LQFHWKHSURSRVHG

FKDQJHV LQFOXGH FKDQJHV WR 7LHU  LQIRUPDWLRQ 15& DSSURYDO LV UHTXLUHG 7KH

SURSRVHG FKDQJHV ZLOO FRQWLQXH WR FRPSO\\ ZLWK WKH SURFHVVHV IRU FKDQJHV DQG

GHSDUWXUHVGHVFULEHGLQ&)5$SSHQGL['6HFWLRQ9,,,$OOQRQFRQIRUPDQFHV

ZLOOEHUHYLHZHGDQGHYDOXDWHGWRGHWHUPLQHLIFKDQJHVWR7LHU7LHURU7LHU 

LQIRUPDWLRQDUHUHTXLUHG



&)56XESDUW& D 2FFXSDWLRQDOGRVHOLPLWVIRUDGXOWVUHTXLUHVWKH

OLFHQVHH FRQWURO RFFXSDWLRQDO GRVH WR LQGLYLGXDO DGXOWV H[FHSW IRU SODQQHG VSHFLDO

H[SRVXUHVXQGHUWRWKHPRUHOLPLWLQJRIWKHDQQXDOOLPLWVSUHVFULEHGWKHUHLQ

7KHSURSRVHGDPHQGPHQWGRHVQRWLQYROYHDQLQFUHDVHLQSODQWUDGLDWLRQ]RQHVRUD

FKDQJH LQ UDGLDWLRQ VKLHOGLQJ DQDO\\VLV PHWKRGRORJ\\ DQG ZLOO QRW DGYHUVHO\\ DIIHFW

SHUVRQQHORFFXSDWLRQDOGRVH7KHSURSRVHGDPHQGPHQWGRHVQRWUHTXLUHDFKDQJHLQ

WKHGHVLJQRIDQ\\VWUXFWXUHWKDWSURYLGHVUDGLDWLRQVKLHOGLQJ7KHUHIRUHHQJLQHHUHG

VWUXFWXUHVXVHGWRDLGFRPSOLDQFHZLWK&)5 D DUHQRWDGYHUVHO\\DIIHFWHG



&)5$SSHQGL[$*HQHUDO'HVLJQ&ULWHULRQ *'& 4XDOLW\\VWDQGDUGVDQG

UHFRUGV UHTXLUHV WKDW VWUXFWXUHV V\\VWHPV DQG FRPSRQHQWV LPSRUWDQW WR VDIHW\\ EH

GHVLJQHGIDEULFDWHGHUHFWHGDQGWHVWHGWRTXDOLW\\VWDQGDUGVFRPPHQVXUDWHZLWKWKH

LPSRUWDQFHRIWKHVDIHW\\IXQFWLRQVWREHSHUIRUPHG7KH1,DQGWKHVHLVPLF&DWHJRU\\

,,SRUWLRQRIWKHDQQH[EXLOGLQJDQGWXUELQHEXLOGLQJILUVWED\\FRQWLQXHWRPHHWWKHGHVLJQ

FRGHVFRPPLWWHGWRLQWKH8)6$56XEVHFWLRQVDQG*'&DOVRUHTXLUHV

WKDWDSSURSULDWHUHFRUGVRIWKHGHVLJQIDEULFDWLRQHUHFWLRQDQGWHVWLQJRIVWUXFWXUHV

V\\VWHPVDQGFRPSRQHQWV 66&V LPSRUWDQWWRVDIHW\\EHPDLQWDLQHGE\\RUXQGHUWKH

FRQWURORIWKHQXFOHDUSRZHUXQLWOLFHQVHHWKURXJKRXWWKHOLIHRIWKHXQLW7KHTXDOLW\\

DVVXUDQFHUHTXLUHPHQWVRI$SSHQGL[%WR&)53DUWDUHDSSOLHGWRDFWLYLWLHV

DIIHFWLQJWKH1,DQGWKHVHLVPLF&DWHJRU\\,,SRUWLRQRIWKHDQQH[EXLOGLQJDQGWXUELQH

EXLOGLQJILUVWED\\7KHSURSRVHGFKDQJHVGRQRWDIIHFWWKHTXDOLW\\DVVXUDQFHSURJUDP

DQGFRPSOLDQFHZLWK*'&LVPDLQWDLQHG



 &)5  $SSHQGL[ $ *'&  'HVLJQ %DVHV IRU 3URWHFWLRQ $JDLQVW 1DWXUDO

3KHQRPHQDUHTXLUHVWKDW66&VLPSRUWDQWWRVDIHW\\VKDOOEHGHVLJQHGWRZLWKVWDQGWKH

DRAFT WLRQ

WLRQ QJH WR R QJH W O6SHFLILFDWLR O6SHFLI Q

RIWKHVHFWLRQ3RWH RIWKHVHFWLR HGXVLQJWKLVSURF HGXVLQJWKLVSURFHVV

IRUPDWLRQ 15& DSSUR IRUPDWLRQ 15& DSS FRPSO\\ ZLWK WKH SURF RPSO\\ ZLWK

$SSHQGL['6HFWLRQ HQGL['

WRGHWHUPLQHLIFKDQJH WRGHWHUPLQHLIF

 D 2FFXSDWLR

 D 2FFXSDWLR SDWLRQDO GRVH WR LQGLYL SDWLRQDO GRVH WR

WRWKHPRUHOLP

WRWKHPRUHO PHQGPHQWGRHVQRWLQY GPHQWGRHVQRWLQY LDWLRQ VKLHOGLQJ DQDO\\V LDWLRQ VKLHOGLQ FFXSDWLRQDOGRVH7KHS FFXSDWLRQDOGRVH7 QRIDQ\\VWUXFWXUHWKDW QRIDQ\\VWUXFWXUHWKD XVHGWRDLGFRPSOLD XVHGWRDLGFRP SSHQGL[$

SSHQGL[$

WKDW WKDW

3DJHRI

1'

(QFORVXUH

5HTXHVWIRU/LFHQVH$PHQGPHQW&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ,7$$& /$55 



HIIHFWV RI QDWXUDO SKHQRPHQD VXFK DV HDUWKTXDNHV WRUQDGRV KXUULFDQHV IORRGV

WVXQDPLVDQGVHLFKHVZLWKRXWORVVRIFDSDELOLW\\WRSHUIRUPWKHLUVDIHW\\IXQFWLRQV7KH

SURSRVHGFKDQJHWR1,VWUXFWXUH,7$$&GRHVQRWUHTXLUHUHYLVLRQWRDQ\\RIWKHVHLVPLF

DQDO\\VHV IRU WKH 1, RU WKH FRQWDLQPHQW LQWHUQDO VWUXFWXUHV 7KH GHVLJQ RI WKH 1,

VWUXFWXUHVFRQWLQXHVWRFRPSO\\ZLWKWKH$&,FRGH7KHSURSRVHGFKDQJHWR

FODULI\\WKHDQQH[EXLOGLQJ,7$$&GRHVQRWLQYROYHDFKDQJHWRWKHGHVLJQRIWKHDQQH[

EXLOGLQJDVGHVFULEHGLQWKH8)6$57KHSURSRVHGFKDQJHGRHVQRWUHTXLUHDUHYLVLRQ

WRWKHVHLVPLFDQDO\\VHVIRUWKHVHLVPLF&DWHJRU\\,,DUHDRIWKHDQQH[EXLOGLQJ7KH

SURSRVHGFKDQJHVGRQRWLQYROYHDUHGXFWLRQLQWKHDELOLW\\RIDQ\\VWUXFWXUHV\\VWHPRU

FRPSRQHQWWRZLWKVWDQGWKHHIIHFWVRIQDWXUDOSKHQRPHQDDQGFRPSOLDQFHZLWK*'&

LVPDLQWDLQHG



&)5$SSHQGL[$*'&)LUH3URWHFWLRQUHTXLUHVWKDW66&VLPSRUWDQWWRVDIHW\\

VKDOOEHGHVLJQHGDQGORFDWHGWRPLQLPL]HFRQVLVWHQWZLWKRWKHUVDIHW\\UHTXLUHPHQWV

WKH SUREDELOLW\\ DQG HIIHFW RI ILUHV DQG H[SORVLRQV 7KH SURSRVHG FKDQJH GRHV QRW

LQYROYHDGHVLJQEDVLVFKDQJHRUFKDQJHWRWKHILUHDUHDVRU]RQHVGHVFULEHGLQWKH

8)6$57KHSURSRVHG,7$$&FKDQJHGRHVQRWDGYHUVHO\\DIIHFWSODQWILUHSURWHFWLRQ

IHDWXUHVSURWHFWLQJ66&VLPSRUWDQWWRVDIHW\\7KHUHIRUHWKHUHTXLUHPHQWVRI*'&

FRQWLQXHWREHPHW



&)5$SSHQGL[$*'&(QYLURQPHQWDODQG'\\QDPLF(IIHFWV'HVLJQ%DVHV

UHTXLUHV66&VLPSRUWDQWWRVDIHW\\EHGHVLJQHGWRDFFRPPRGDWHWKHHIIHFWVRIDQGWR

EH FRPSDWLEOH ZLWK WKH HQYLURQPHQWDO FRQGLWLRQV DVVRFLDWHG ZLWK QRUPDO RSHUDWLRQ

PDLQWHQDQFHWHVWLQJDQGSRVWXODWHGDFFLGHQWVLQFOXGLQJORVVRIFRRODQWDFFLGHQWV

7KHFKDQJHVWRWKH1,,7$$&DUHFRQVROLGDWLRQFKDQJHVRQO\\DQGGRQRWLQYROYHD

FKDQJH WR WKH GHVLJQ RI WKH 1, 7KH FKDQJHV WR DQQH[ EXLOGLQJ,7$$& DUH DOVR

FRQVROLGDWLRQVDQGGRQRWLQYROYHDFKDQJHWRWKHGHVLJQRIWKHDQQH[EXLOGLQJ7KH

DQQH[EXLOGLQJGRHVQRWKRXVH66&VLPSRUWDQWWRVDIHW\\+RZHYHUWKHDQQH[EXLOGLQJ

LV GHVLJQHG VXFK WKDW WKH SRUWLRQ RI WKH EXLOGLQJ DGMDFHQW WR WKH DX[LOLDU\\ EXLOGLQJ

PDLQWDLQV VWUXFWXUDO LQWHJULW\\ GXULQJ D VDIH VKXWGRZQ HDUWKTXDNH 7KH SURSRVHG

FKDQJH WR WKH DQQH[ EXLOGLQJ,7$$& GRHV QRW LPSDFW WKH VHLVPLF DQDO\\VLV RI WKH

6HLVPLF&DWHJRU\\,,SRUWLRQRIWKHDQQH[EXLOGLQJ7KHUHIRUHWKHGHVLJQFRQWLQXHVWR

FRPSO\\ZLWK*'&



&)5$SSHQGL[$*'&&RQWURO5RRPUHTXLUHVDFRQWUROURRPEHSURYLGHG

IURPZKLFKDFWLRQVFDQEHWDNHQWRRSHUDWHWKHQXFOHDUSRZHUXQLWVDIHO\\XQGHUQRUPDO

FRQGLWLRQVDQGWRPDLQWDLQLWLQDVDIHFRQGLWLRQXQGHUDFFLGHQWFRQGLWLRQVLQFOXGLQJ

ORVVRIFRRODQW DFFLGHQWV *'&  DOVR UHTXLUHV DGHTXDWH UDGLDWLRQ SURWHFWLRQ EH

SURYLGHGWRSHUPLWDFFHVVDQGRFFXSDQF\\RIWKHFRQWUROURRPXQGHUDFFLGHQWFRQGLWLRQV

ZLWKRXWSHUVRQQHOUHFHLYLQJUDGLDWLRQH[SRVXUHVLQH[FHVVRIUHPZKROHERG\\RULWV

HTXLYDOHQW WR DQ\\ SDUW RI WKH ERG\\ IRU WKH GXUDWLRQ RI WKH DFFLGHQW 7KH SURSRVHG

FKDQJHVWRWKH1,,7$$&DUHFRQVROLGDWLRQFKDQJHVRQO\\DQGGRQRWLQYROYHDFKDQJH

WRWKHGHVLJQRIWKH1,7KHDQQH[EXLOGLQJSURYLGHVWKHVHFXULW\\FRQWUROOHGDFFHVVSDWK

WRWKHPDLQFRQWUROURRP7KHFKDQJHWRWKHDQQH[EXLOGLQJ,7$$&GRHVQRWLQYROYHD

FKDQJHWRWKHGHVLJQRIWKHDQQH[EXLOGLQJVKLHOGLQJIRUWKHDQQH[EXLOGLQJRUWKH

QRUPDORSHUDWLRQRUSRVWDFFLGHQWUDGLDWLRQ]RQLQJRIWKHDQQH[EXLOGLQJ7KHSURSRVHG

FKDQJH WR WKH DQQH[ EXLOGLQJ GRHV QRW DIIHFW WKH UDGLDWLRQ ]RQH RI WKH VHFXULW\\

FRQWUROOHGDFFHVVSDWKWRWKHPDLQFRQWUROURRPEHFDXVHWKHIORRUZDVQRWFUHGLWHGZLWK

UDGLDWLRQVKLHOGLQJLQGHYHORSPHQWRIWKHSUHGLFWHGUDGLDWLRQ]RQLQJIRUWKHVHFXULW\\

DRAFT WZLW

ZLW

 7KH SUR

 7KH ILUHDUHDVRU

ILUHDUH QRWDGYHUVHO\\DIIHFW QRWDGYHUVHO\\

W\\7KHUHIRUHWKHUH W\\7KHUHIRUHWKH TX QYLURQPHQWDODQG'\\QD PHQWDO

\\EHGHVLJQHGWRDFFRP

\\EHGHVLJQHGWR RQPHQWDO FRQGLWLRQV DV PHQWDO FRQGLWLRQV D SRVWXODWHGDFFLGHQWVL DWHGDFFLGHQWVL 7$$&DUHFRQVROLGDWLRQ 7$$&DUHFRQVROLGDWLRQ RI WKH 1, 7KH FKDQ RI WKH 1, 7KH

GRQRWLQYROYHDFKDQJ GRQRWLQYROYHDFKDQ RHVQRWKRXVH66&VLP QRWKRXVH66&VLP XFK WKDW WKH SRUWLRQ RI FK WKDW WKH S WUXFWXUDO LQWHJULW\\ GXUL WUXFWXUDO LQWHJULW\\

R WKH DQQH[ EXLOGLQJ,

R WKH DQQH[ EXLOGLQJ

DWHJRU\\,,SRUWLRQR DWHJRU\\,,SRUWLR

  • '&
  • '&

QGL[

QGL[

3DJHRI

1'

(QFORVXUH

5HTXHVWIRU/LFHQVH$PHQGPHQW&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ,7$$& /$55 



HQWUDQFHVKRZQLQ8)6$5)LJXUH7KHUHIRUHWKHGHVLJQFRQWLQXHVWRFRPSO\\

ZLWK*'&





3UHFHGHQW

1RQH



1R6LJQLILFDQW+D]DUGV&RQVLGHUDWLRQ$QDO\\VLV

7KHSURSRVHGFKDQJHVUHYLVH&2/$SSHQGL[& DQGSODQWVSHFLILF7LHULQIRUPDWLRQ 

WRFRQVROLGDWHGXSOLFDWLYH,7$$&$FFHSWDQFH&ULWHULDIRUFHUWDLQVWUXFWXUHVDQGFODULI\\

WKDW HYDOXDWLRQV RI WKLFNQHVV GHYLDWLRQV ZLOO EH LQFOXGHG LQ WKH UHFRQFLOLDWLRQ DQG

WKLFNQHVVUHSRUWVGHVFULEHGLQWKH,7$$&RU&2/$SSHQGL[&7DEOH

$Q HYDOXDWLRQ WR GHWHUPLQH ZKHWKHU RU QRW D VLJQLILFDQW KD]DUGV FRQVLGHUDWLRQ LV

LQYROYHG ZLWK WKH SURSRVHG DPHQGPHQW ZDV FRPSOHWHG E\\ IRFXVLQJ RQ WKH WKUHH

VWDQGDUGVVHWIRUWKLQ&)5³Issuance of amendment'DVGLVFXVVHGEHORZ

'RHVWKHSURSRVHGDPHQGPHQWLQYROYHDVLJQLILFDQWLQFUHDVHLQWKH

SUREDELOLW\\RUFRQVHTXHQFHVRIDQDFFLGHQWSUHYLRXVO\\HYDOXDWHG"

5HVSRQVH 1R

7KHSURSRVHGFKDQJHVGRQRWDIIHFWWKHRSHUDWLRQRUUHOLDELOLW\\RIDQ\\V\\VWHP

VWUXFWXUHRUFRPSRQHQW 66& UHTXLUHGWRPDLQWDLQDQRUPDOSRZHURSHUDWLQJ

FRQGLWLRQRUWRPLWLJDWHDQWLFLSDWHGWUDQVLHQWVZLWKRXWVDIHW\\UHODWHGV\\VWHPV7KH

FKDQJHVWR1,DQQH[EXLOGLQJWXUELQHEXLOGLQJDQG:DVWH$FFXPXODWLRQ5RRP

,7$$& LQYROYHV QR GHVLJQ FKDQJHV RU WHFKQLFDO UHDQDO\\VLV 7KH FKDQJHV

FRQVROLGDWHGXSOLFDWLYH,7$$&$FFHSWDQFH&ULWHULDDQGFODULI\\WKHHYDOXDWLRQVRI

WKLFNQHVVGHYLDWLRQV

7KHUHIRUHWKHUHTXHVWHGDPHQGPHQWGRHVQRWLQYROYHDVLJQLILFDQWLQFUHDVHLQ

WKHSUREDELOLW\\RUFRQVHTXHQFHVRIDQDFFLGHQWSUHYLRXVO\\HYDOXDWHG

'RHVWKHSURSRVHGDPHQGPHQWFUHDWHWKHSRVVLELOLW\\RIDQHZRUGLIIHUHQW

NLQGRIDFFLGHQWIURPDQ\\DFFLGHQWSUHYLRXVO\\HYDOXDWHG"

5HVSRQVH 1R

7KH SURSRVHG FKDQJHV GR QRW DIIHFW WKH RSHUDWLRQ RIDQ\\ VDIHW\\UHODWHG 66&

UHOLHGXSRQWRPLWLJDWHGHVLJQEDVLVDFFLGHQWV7KHSURSRVHGFKDQJHVWRWKH1,

DQQH[EXLOGLQJWXUELQHEXLOGLQJDQG:DVWH$FFXPXODWLRQ5RRP,7$$&GRQRW

LQYROYHDFKDQJHWRGHVLJQRUUHDQDO\\VLV7KHSURSRVHGFKDQJHVGRQRWDIIHFWWKH

VWUXFWXUDO LQWHJULW\\ RU VHLVPLF UHVSRQVH RI WKH 1, DQG WKH VHLVPLF &DWHJRU\\,,

SRUWLRQRIWKHDQQH[EXLOGLQJDQGWXUELQHEXLOGLQJILUVWED\\7KHGHVLJQRIWKHVH

VWUXFWXUHVFRQWLQXHVWRPHHWWKHUHTXLUHPHQWVRI&)5$SSHQGL[$*HQHUDO

'HVLJQ &ULWHULRQ  'HVLJQ %DVHV IRU 3URWHFWLRQ $JDLQVW 1DWXUDO 3KHQRPHQD

7KHUHIRUHWKHSURSRVHGFKDQJHVGRQRWFUHDWHWKHSRVVLELOLW\\RIDQHZRUGLIIHUHQW

NLQGRIDFFLGHQWIURPDQ\\SUHYLRXVO\\HYDOXDWHG

'RHVWKHSURSRVHGDPHQGPHQWLQYROYHDVLJQLILFDQWUHGXFWLRQLQDPDUJLQ

DRAFT SOHWHG

SOHWH amendmen amen YHDVLJQLILFDQWLQFU YHDVLJQLILFD DFFLGHQWSUHYLRXVO\\H DFFLGHQWSUHYLRXV QRWDIIHFWWKHRSHUDWLR QRWDIIHFWWKHRS

66& UHTXLUHGWRPD 6& UHTXLUHGWRP HDQWLFLSDWHGWUDQVLHQWV

SDWHGWUDQVLHQWV

H[EXLOGLQJWXUELQHEX H[EXLOGLQJWXUELQHEX QR GHVLJQ FKDQJHV

QR GHVLJQ FKDQ XSOLFDWLYH,7$$&$FFHS XSOLFDWLYH,7$$&$FFH HYLDWLRQV

DWLRQV IRUHWKHUHTXHVWHGDP IRUHWKHUHTXHVWHG

SUREDELOLW\\RUFRQVHTXH SUREDELOLW\\RUFRQVHTX KHSURSRVHG

KHSURSRVHG FFLGHQWI FFLGHQWI

3DJHRI

1'

(QFORVXUH

5HTXHVWIRU/LFHQVH$PHQGPHQW&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ,7$$& /$55 



RIVDIHW\\"

5HVSRQVH 1R

7KH SURSRVHG FKDQJHV GR QRW DIIHFW H[LVWLQJ VDIHW\\ PDUJLQV 7KH SURSRVHG

FKDQJHVWR1,DQQH[EXLOGLQJWXUELQHEXLOGLQJDQG:DVWH$FFXPXODWLRQ5RRP

,7$$&GRQRWLQYROYHDFKDQJHWRWKHGHVLJQRUUHDQDO\\VLVRIWKHVWUXFWXUHV7KH

SURSRVHG FKDQJHV GRQRW LQYROYH D UHGXFWLRQWR WKH VWUXFWXUDO LQWHJULW\\ RI WKH

VHLVPLF&DWHJRU\\,RU,,SRUWLRQVRIEXLOGLQJVWUXFWXUHV7KH1,DQGWKHVHLVPLF

&DWHJRU\\,,SRUWLRQRIWKHDQQH[EXLOGLQJDQGWXUELQHEXLOGLQJILUVWED\\ZLOOFRQWLQXH

WR VXSSRUW WKHLU GHVLJQ IXQFWLRQV 1R PDUJLQ WR WKH VSHFLILHG DFFHSWDEOH IXHO

GHVLJQOLPLWVLVDIIHFWHGE\\WKHSURSRVHGFKDQJHV



&RQFOXVLRQV

%DVHGRQWKHFRQVLGHUDWLRQVGLVFXVVHGDERYH  WKHUHLVUHDVRQDEOHDVVXUDQFHWKDW

WKHKHDOWKDQGVDIHW\\RIWKHSXEOLFZLOOQRWEHHQGDQJHUHGE\\RSHUDWLRQLQWKHSURSRVHG

PDQQHU   VXFK DFWLYLWLHV ZLOO EH FRQGXFWHG LQ FRPSOLDQFH ZLWK WKH &RPPLVVLRQ¶V

UHJXODWLRQVDQG  WKHLVVXDQFHRIWKHDPHQGPHQWZLOOQRWEHLQLPLFDOWRWKHFRPPRQ

GHIHQVHDQGVHFXULW\\RUWRWKHKHDOWKDQGVDIHW\\RIWKHSXEOLF7KHUHIRUHLWLVFRQFOXGHG

WKDWWKHUHTXHVWHGDPHQGPHQWGRHVQRWLQYROYHDVLJQLILFDQWKD]DUGVFRQVLGHUDWLRQ

XQGHUWKHVWDQGDUGVVHWIRUWKLQ&)5 F DQGDFFRUGLQJO\\DILQGLQJRI³QR

VLJQLILFDQWKD]DUGVFRQVLGHUDWLRQ'LVMXVWLILHG

 (19,5210(17$/&216,'(5$7,216

6HFWLRQRIWKLV/LFHQVH$PHQGPHQW5HTXHVWSURYLGHVWKHGHWDLOVRIWKHSURSRVHG

FKDQJHV

7KHSURSRVHGFKDQJHVDIIHFWWKH&2/$SSHQGL[&DQGDVVRFLDWHGSODQWVSHFLILF7LHU

LQIRUPDWLRQ

(i) There is no significant hazards consideration.

$V GHVFULEHG LQ 6HFWLRQ  6LJQLILFDQW +D]DUGV &RQVLGHUDWLRQ 'HWHUPLQDWLRQ DQ

HYDOXDWLRQ ZDV FRPSOHWHG WR GHWHUPLQH ZKHWKHU RU QRW D VLJQLILFDQW KD]DUGV

FRQVLGHUDWLRQLVLQYROYHGE\\IRFXVLQJRQWKHWKUHHVWDQGDUGVVHWIRUWKLQ&)5

³,VVXDQFH RI DPHQGPHQW' 7KH 6LJQLILFDQW +D]DUGV &RQVLGHUDWLRQ 'HWHUPLQDWLRQ

FRQFOXGHGWKDW  WKHSURSRVHGDPHQGPHQWGRHVQRWLQYROYHDVLJQLILFDQWLQFUHDVHLQ

WKHSUREDELOLW\\RUFRQVHTXHQFHVRIDQDFFLGHQWSUHYLRXVO\\HYDOXDWHG  WKHSURSRVHG

DPHQGPHQWGRHVQRWFUHDWHWKHSRVVLELOLW\\RIDQHZRUGLIIHUHQWNLQGRIDFFLGHQWIURPDQ\\

DFFLGHQW SUHYLRXVO\\ HYDOXDWHG DQG   WKH SURSRVHG DPHQGPHQW GRHV QRW LQYROYH D

VLJQLILFDQWUHGXFWLRQLQDPDUJLQRIVDIHW\\7KHUHIRUHLWLVFRQFOXGHGWKDWWKHSURSRVHG

DPHQGPHQWGRHVQRWLQYROYHDVLJQLILFDQWKD]DUGVFRQVLGHUDWLRQXQGHUWKHVWDQGDUGVVHW

IRUWK LQ  &)5  F  DQG DFFRUGLQJO\\ D ILQGLQJ RI ³QR VLJQLILFDQW KD]DUGV

FRQVLGHUDWLRQ'LVMXVWLILHG

(ii) There is no significant change in the types or significant increase in the amounts of any effluents that may be released offsite.

7KHSURSRVHGFKDQJHVGRQRWDIIHFWDQ\\DVSHFWRISODQWFRQVWUXFWLRQRURSHUDWLRQWKDW

LQWURGXFHVDFKDQJHWRDQ\\HIIOXHQWW\\SHV IRUH[DPSOHHIIOXHQWVFRQWDLQLQJFKHPLFDOVRU

ELRFLGHVVDQLWDU\\V\\VWHPHIIOXHQWVDQGRWKHUHIIOXHQWV DQGGRHVQRWDIIHFWDQ\\SODQW

UDGLRORJLFDORUQRQUDGLRORJLFDOHIIOXHQWUHOHDVHTXDQWLWLHV7KHSURSRVHGFKDQJHVGRQRW

DRAFT HUHLV HUH

QJHUHGE\\R QJHUH LQ FRPSOLDQFH Z LQ FRPSOLD GPHQWZLOOQRWEH

GPHQWZLOOQRW

LQLP DIHW\\RIWKHSXEOLF

DIHW\\RIWKHSXEOLF7KHU

7 RWLQYROYHDVLJQLILFDQW RWLQYROYHDVLJQLILFDQW

&)5 F DQGDFF 5 F

VMXVWLILHG

HG

216

16

GPHQW5HTXHVWSURYLGH GPHQW5HTXHVWSURYLGH IIHFWWKH&2/$SSHQGL[

IIHFWWKH&2/$SSHQG ignificant hazards cons ignificant hazards co HG LQ 6HFWLRQ 

HG LQ 6HFWLRQ 

DV FRPSOHWHG

DV FRPSOHWHG LQYROYHGE\\

LQYROYHGE HQGPH HQGPH

3DJHRI

1'

(QFORVXUH

5HTXHVWIRU/LFHQVH$PHQGPHQW&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ,7$$& /$55 



DIIHFWWKHVWUXFWXUHRUIXQFWLRQDOLW\\RIDQ\\GHVLJQIHDWXUHRURSHUDWLRQDODUUDQJHPHQWV

FUHGLWHGZLWKFRQWUROOLQJWKHUHOHDVHRIHIIOXHQWVGXULQJSODQWRSHUDWLRQ7KHSURSRVHG

FKDQJHVWR1,DQQH[EXLOGLQJWXUELQHEXLOGLQJDQG:DVWH$FFXPXODWLRQ5RRP,7$$&

GR QRW LQYROYH D FKDQJH WR WKH GHVLJQ RI WKH DVVRFLDWHG VWUXFWXUHV 7KH SURSRVHG

FKDQJHVWRWKH,7$$&GRQRWLQYROYHDFKDQJHWRDQ\\V\\VWHPDVVRFLDWHGZLWKFRQWDLQLQJ

FRQWUROOLQJ FKDQQHOLQJ PRQLWRULQJ RU SURFHVVLQJ UDGLRDFWLYH RU QRQUDGLRDFWLYH

PDWHULDOV7KHSURSRVHGFKDQJHWRWKH1,DQQH[EXLOGLQJWXUELQHEXLOGLQJDQG:DVWH

$FFXPXODWLRQ 5RRP,7$$& GR QRW LQYROYH D FKDQJH WR DQ\\ V\\VWHPV RU VWUXFWXUHV

DVVRFLDWHGZLWKFRQWDLQLQJFRQWUROOLQJFKDQQHOLQJPRQLWRULQJRUSURFHVVLQJUDGLRDFWLYH

RUQRQUDGLRDFWLYHPDWHULDOVWKDWPD\\EHUHOHDVHGRIIVLWH

7KHUHIRUH WKHUH LV QR VLJQLILFDQW FKDQJH LQ WKH W\\SHV RU VLJQLILFDQW LQFUHDVH LQ WKH

DPRXQWVRIDQ\\UDGLRDFWLYHRUQRQUDGLRDFWLYHHIIOXHQWVWKDWPD\\EHUHOHDVHGRIIVLWH

(iii) There is no significant increase in individual or cumulative occupational radiation exposure.

&RPSDQ\\DQGVWDWLRQSROLFLHVNHHSUDGLDWLRQH[SRVXUHRISHUVRQQHOZLWKLQOLPLWVGHILQHG

E\\&)56WDQGDUGVIRU3URWHFWLRQ$JDLQVW5DGLDWLRQ$GPLQLVWUDWLYHSURFHGXUHV

DQGSUDFWLFHVDUHLPSOHPHQWHGWRPDLQWDLQUDGLDWLRQH[SRVXUHRISHUVRQQHODVORZDVLV

UHDVRQDEO\\DFKLHYDEOH

7KH SURSRVHG FKDQJHV WR WKH 1, DQQH[ EXLOGLQJ WXUELQH EXLOGLQJ DQG :DVWH

$FFXPXODWLRQ 5RRP,7$$& UHYLVHV &2/ $SSHQGL[ & DQG SODQWVSHFLILF 7LHU 

LQIRUPDWLRQ WRFRQVROLGDWHGXSOLFDWLYH,7$$&$FFHSWDQFH&ULWHULDIRUFHUWDLQVWUXFWXUHV

DQGFODULI\\WKDWHYDOXDWLRQVRIWKLFNQHVVGHYLDWLRQVDUHLQFOXGHGLQWKHUHFRQFLOLDWLRQDQG

WKLFNQHVVUHSRUWVGHVFULEHGLQWKH,7$$&7KLVFKDQJHGRHVQRWLQYROYHDQLQFUHDVHLQ

LQGLYLGXDORUFXPXODWLYHRFFXSDWLRQDOUDGLDWLRQH[SRVXUHEHFDXVHWKHSURSRVHGFKDQJH

GRHV QRW DGYHUVHO\\ DIIHFW UDGLDWLRQ VKLHOGLQJ DQDO\\VHV 7KHUH DUH QR V\\VWHPV LQ WKH

FRQWUROVXSSRUWDUHDRUWKHVXUURXQGLQJURRPVWKDWQRUPDOO\\FRQWDLQUDGLRDFWLYHPDWHULDO

DQGDGHTXDWHVKLHOGLQJIURPQRUPDOUDGLDWLRQVRXUFHVLVSURYLGHGE\\WKHVKLHOGEXLOGLQJ

DQGVKLHOGZDOOVEHWZHHQWKHUDGLRORJLFDOO\\FRQWUROOHGDQGQRQUDGLRORJLFDOO\\FRQWUROOHG

DUHDVRIWKHDX[LOLDU\\EXLOGLQJ7KHUHIRUHWKHUHTXHVWHGDPHQGPHQWGRHVQRWLQYROYHD

VLJQLILFDQWLQFUHDVHLQLQGLYLGXDORUFXPXODWLYHRFFXSDWLRQDOUDGLDWLRQH[SRVXUH



 5()(5(1&(6

1RQH

DRAFT ve o ve o RVXUHRISHUVRQQ RVXUHRISH QVW5DGLDWLRQ$GP QVW5DGLDWLRQ$

LQ DGLDWLRQH[SRVXUHRI DGLDWLRQH[SRVXUHRI SH I

 DQQH[ EXLOGLQJ WXUE H[ EXLOG VHV &2/ $SSHQGL[ &

VHV &2/ $SSH FDWLYH,7$$&$FFHSWDQ WLYH,7$$&$FFHSW WKLFNQHVVGHYLDWLRQVDU HVVGHYLDWLRQVDU GLQWKH,7$$&7KLVFK GLQWKH,7$$&7KLVFK RFFXSDWLRQDOUDGLDWLRQH RFFXSDWLRQDOUDGL IIHFW UDGLDWLRQ VKLHOGLQ IIHFW UDGLDWLRQ VKLHOG DRUWKHVXUURXQGLQJURR UWKHVXUURXQGLQJURR LHOGLQJIURPQRUPDOUDG HOGLQJIURPQRUPDOUDG OOVEHWZHHQWKHUDGLROR OOVEHWZHHQWKHUD HDX[LOLDU\\EXLOGLQJ7KH HDX[LOLDU\\EXLOGLQJ7K QFUHDVHLQLQGLYLGXDO QFUHDVHLQLQGLYLG







6RXWKHUQ1XFOHDU2SHUDWLQJ&RPSDQ\\

1'

(QFORVXUH

9RJWOH(OHFWULF*HQHUDWLQJ3ODQW 9(*3 8QLWVDQG

5HYLVHG([HPSWLRQ5HTXHVW

&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ,7$$&

/$55 

































(QFORVXUHFRQVLVWVRISDJHVLQFOXGLQJWKLVFRYHUSDJH



DRAFT J3ODQW 9(*3 8QLWV

DQW 9(*3 5HYLVHG([HPSWLRQ5 5HYLVHG([HPSW RQVROLGDWLRQRI6WUXFW ROLGDWLRQRI6WUXFW

/$5

/

1'

(QFORVXUH

([HPSWLRQ5HTXHVW&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ,7$$& /$55 

3DJHRI



385326(

6RXWKHUQ1XFOHDU2SHUDWLQJ&RPSDQ\\ WKH/LFHQVHH UHTXHVWVDSHUPDQHQWH[HPSWLRQIURP

WKH SURYLVLRQV RI  &)5  $SSHQGL[ ' 6HFWLRQ,,,% Design Certification Rule for the AP1000 Design, Scope and ContentsWRDOORZDSODQWVSHFLILFGHSDUWXUHIURPHOHPHQWVRIWKH

FHUWLILFDWLRQ LQIRUPDWLRQ LQ 7LHU  RI WKH SODQWVSHFLILF $3 'HVLJQ &RQWURO 'RFXPHQW

'&' 7KHUHJXODWLRQ&)5$SSHQGL['6HFWLRQ,,,%UHTXLUHVDQDSSOLFDQWRUOLFHQVHH

UHIHUHQFLQJ$SSHQGL['WR&)53DUWWRLQFRUSRUDWHE\\UHIHUHQFHDQGFRPSO\\ZLWKWKH

UHTXLUHPHQWV RI $SSHQGL[ ' LQFOXGLQJ FHUWLILHG LQIRUPDWLRQ LQ '&' 7LHU  7KH SURSRVHG

FKDQJHVZRXOGPRGLI\\&2/$SSHQGL[& DQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU LQIRUPDWLRQ

7KH FKDQJHV LQFOXGH FRQVROLGDWLQJ,QVSHFWLRQV 7HVWV $QDO\\VHV DQG $FFHSWDQFH &ULWHULD

,7$$&  IRU VWUXFWXUDO EXLOGLQJV  DQG FODULI\\LQJ DVEXLOW GHYLDWLRQV LQ ZDOO WKLFNQHVV ZLOO EH

DGGUHVVHGE\\WKHDSSURSULDWHVWUXFWXUDOEXLOGLQJ,7$$&



7KLVUHTXHVWIRUH[HPSWLRQZLOODSSO\\WKHUHTXLUHPHQWVRI&)5$SSHQGL['6HFWLRQ

9,,,$WRDOORZGHSDUWXUHVIURP7LHULQIRUPDWLRQGXHWRWKHSURSRVHGFKDQJHVDVGHVFULEHG

EHORZ

7DEOH





$GG1RWHWRFODULI\\WKDWUHFRQFLOLDWLRQRIFRQVWUXFWLRQGHYLDWLRQVLQWKHQXFOHDULVODQG

VWUXFWXUHVIURPWKHWKLFNQHVVDQGWROHUDQFHVVSHFLILHGLQWKLVWDEOHLVLQFOXGHGLQWKH

UHFRQFLOLDWLRQUHSRUWVDQGGHPRQVWUDWHWKDWWKHDVEXLOWVWUXFWXUHVZLOOZLWKVWDQGGHVLJQ

EDVLVORDGVZLWKRXWORVVRIVWUXFWXUDOLQWHJULW\\RUVDIHW\\IXQFWLRQVDQGZLWKRXWLPSDFWLQJ

FRPSOLDQFHZLWK*'&HVWDEOLVKHGUDGLRORJLFDO]RQLQJRUHTXLSPHQWTXDOLILFDWLRQLQ

DFFRUGDQFHZLWK,7$$&DLDDLEDLFRUDLG

&RQVWUXFWLRQGHYLDWLRQVIURPWKHWKLFNQHVVHVDQGWROHUDQFHVVSHFLILHGLQ&2/$SSHQGL[

&7DEOHDUHLQGLYLGXDOO\\HYDOXDWHGWKURXJKWKHQRQFRQIRUPDQFHSURFHVVHVDQG

DUHLQFOXGHGLQWKHDVEXLOWEXLOGLQJUHSRUWVDVSDUWRIWKHQRQFRQIRUPDQFHUHFRQFLOLDWLRQ



$GG1RWHWRFODULI\\WKDWWKHFRQVWUXFWLRQGHYLDWLRQVLQWKHDQQH[EXLOGLQJIURPWKH

WKLFNQHVVDQGWROHUDQFHVVSHFLILHGLQWKLVWDEOHDUHHYDOXDWHGLQWKHWKLFNQHVVUHSRUWWR

GHPRQVWUDWHWKDWWKHDVEXLOWVWUXFWXUHVZLOOZLWKVWDQGGHVLJQEDVLVORDGVZLWKRXWORVVRI

VWUXFWXUDOLQWHJULW\\RUVDIHW\\IXQFWLRQVDQGZLWKRXWLPSDFWLQJFRPSOLDQFHZLWK*'&

HVWDEOLVKHGUDGLRORJLFDO]RQLQJ RU HTXLSPHQW TXDOLILFDWLRQ LQ DFFRUGDQFH ZLWK,7$$&

DLLH&RQVWUXFWLRQGHYLDWLRQVIURPWKHWKLFNQHVVHVDQGWROHUDQFHVVSHFLILHGLQ

&2/$SSHQGL[&7DEOHDUHLQGLYLGXDOO\\HYDOXDWHGWKURXJKWKHQRQFRQIRUPDQFH

SURFHVVHV DQG DUH LQFOXGHG LQ WKH DVEXLOW EXLOGLQJ UHSRUWV DV SDUW RI WKH

QRQFRQIRUPDQFHUHFRQFLOLDWLRQ



$GG1RWHWRFODULI\\WKDWWKHFRQVWUXFWLRQGHYLDWLRQVRIWKHWXUELQHEXLOGLQJVWUXFWXUDO

WKLFNQHVVHVIURPWKHWDEOHDUHHYDOXDWHGLQWKHWKLFNQHVVUHSRUWZKLFKGHPRQVWUDWHVWKDW

WKHVWUXFWXUDOIXQFWLRQVSHFLILHGLQWKHDVVRFLDWHG,7$$&LVPHW

x

$GG 1RWH  WR FODULI\\ WKDW QRQFRQIRUPDQFHV IURP WKH WKLFNQHVVHV DQG WROHUDQFHV

VSHFLILHGLQ7DEOH LHRXWRIWROHUDQFHFRQGLWLRQV DUHDGGUHVVHGXQGHUWKH

&)53DUW$SSHQGL[%SURFHVVDQGDUHVXEVHTXHQWO\\VFUHHQHGLQDFFRUGDQFHZLWK

WKH&)53DUW$SSHQGL['6HFWLRQ9,,,SURFHVVRUD&)5OLNHSURFHVV

WRHQVXUHWKDWWKHOLFHQVLQJEDVLVLVDGHTXDWHO\\PDLQWDLQHG&RQVWUXFWLRQGHYLDWLRQVZLOO

FRQWLQXHWREHDVVHVVHGDJDLQVWOLFHQVLQJEDVLVUHTXLUHPHQWVDQGZLOOEHDGGUHVVHGLQ

DFFRUGDQFHZLWKOLFHQVHHSURFHGXUHVDQGUHJXODWRU\\UHTXLUHPHQWVDQGLIDSSOLFDEOHD

OLFHQVHDPHQGPHQWZLOOEHREWDLQHGSULRUWRLPSOHPHQWDWLRQRIWKHFKDQJH

DRAFT RI&

RI

HWRWKH

WRWKHSURSRV DWLRQRIFRQVWUXFWLRQGH QRIFRQVW QGWROHUDQFHVVSHFLILHG QGWROHUDQFHVV PRQVWUDWHWKDWWKHDVE RQVWUDWHWKDWWKHDV VWUXFWXUDOLQWHJULW\\RUVD XUDOLQWHJULW\\RUVD

HVWDEOLVKHGUDGLRORJL

HVWDEOLVKHGUDGLRORJL

&DLD

&DLD LRQVIURPWKHWKLFNQHVV LRQVIURPWKHWKLFNQH UHLQGLYLGXDOO\\HYDOXDWH LQGLYLGXDOO\\HYDOXDWH QWKHDVEXLOWEXLOGLQJUH WKHDVEXLOWEXLOGLQJUH

WRFODULI\\WKDWWKHF

WRFODULI\\WKDWWK VDQGWROHUDQFHVVSHF VDQGWROHUDQFHVVSHF DWHWKDWWKHDVEXLO DWHWKDWWKHDVE WHJULW\\RUVDIH WHJULW\\RUVDI GLRORJLFD GLRORJLFD RQV RQV

1'

(QFORVXUH

([HPSWLRQ5HTXHVW&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ,7$$& /$55 

3DJHRI





7DEOH,7$$&1XPEHUDLDFRQWDLQPHQWLQWHUQDOVWUXFWXUHV





$GGWKHVKLHOGLQJDWWULEXWHLQ³'HVLJQ&RPPLWPHQW'



$GGWKHUHTXLUHPHQWIRUDQDO\\VLVRIGHYLDWLRQVGXHWRDVEXLOWFRQGLWLRQVIRUUDGLDWLRQ

VKLHOGLQJLQ³,QVSHFWLRQV7HVWVDQG$QDO\\VHV'



$GG UHTXLUHPHQW IRU YHULILFDWLRQ RI QR LPSDFW WR HVWDEOLVKHG UDGLRORJLFDO ]RQLQJ DQG

HTXLSPHQWTXDOLILFDWLRQLQWKHUHFRQFLOLDWLRQUHSRUWLQ³$FFHSWDQFH&ULWHULD'



&ODULI\\ LQ ³$FFHSWDQFH &ULWHULD' WKDW WKH WKLFNQHVV GHYLDWLRQV IURP 7DEOH  DUH

UHFRQFLOHGLQWKHUHFRQFLOLDWLRQUHSRUW



7DEOH,7$$&1XPEHUDLEVKLHOGEXLOGLQJ





$GGWKHVKLHOGLQJDWWULEXWHLQ³'HVLJQ&RPPLWPHQW'



$GGWKHUHTXLUHPHQWIRUDQDO\\VLVRIGHYLDWLRQVGXHWRDVEXLOWFRQGLWLRQVIRUUDGLDWLRQ

VKLHOGLQJLQ³,QVSHFWLRQV7HVWVDQG$QDO\\VHV'



$GG UHTXLUHPHQW IRU YHULILFDWLRQ RI QR LPSDFW WR HVWDEOLVKHG UDGLRORJLFDO ]RQLQJ DQG

HTXLSPHQWTXDOLILFDWLRQLQWKHUHFRQFLOLDWLRQUHSRUWLQ³$FFHSWDQFH&ULWHULD'



&ODULI\\ LQ ³$FFHSWDQFH &ULWHULD' WKDW WKH WKLFNQHVV GHYLDWLRQV IURP 7DEOH  DUH

UHFRQFLOHGLQWKHUHFRQFLOLDWLRQUHSRUW



7DEOH,7$$&1XPEHUDLFDX[LOLDU\\EXLOGLQJ QRQUDGLRORJLFDOO\\FRQWUROOHG 





$GGWKHVKLHOGLQJDWWULEXWHLQ³'HVLJQ&RPPLWPHQW'



$GGWKHUHTXLUHPHQWIRUDQDO\\VLVRIGHYLDWLRQVGXHWRDVEXLOWFRQGLWLRQVIRUUDGLDWLRQ

VKLHOGLQJLQ³,QVSHFWLRQV7HVWVDQG$QDO\\VHV'



$GG UHTXLUHPHQW IRU YHULILFDWLRQ RI QR LPSDFW WR HVWDEOLVKHG UDGLRORJLFDO ]RQLQJ DQG

HTXLSPHQWTXDOLILFDWLRQLQWKHUHFRQFLOLDWLRQUHSRUWLQ³$FFHSWDQFH&ULWHULD'



&ODULI\\ LQ ³$FFHSWDQFH &ULWHULD' WKDW WKH WKLFNQHVV GHYLDWLRQV IURP 7DEOH  DUH

UHFRQFLOHGLQWKHUHFRQFLOLDWLRQUHSRUW



7DEOH,7$$&1XPEHUDLGDX[LOLDU\\EXLOGLQJ UDGLRORJLFDOO\\FRQWUROOHG 





$GGWKHVKLHOGLQJDWWULEXWHLQ³'HVLJQ&RPPLWPHQW'



$GGWKHUHTXLUHPHQWIRUDQDO\\VLVRIGHYLDWLRQVGXHWRDVEXLOWFRQGLWLRQVIRUUDGLDWLRQ

VKLHOGLQJLQ³,QVSHFWLRQV7HVWVDQG$QDO\\VHV'



$GG UHTXLUHPHQW RI YHULILFDWLRQ RI QR LPSDFW WR HVWDEOLVKHG UDGLRORJLFDO ]RQLQJ DQG

HTXLSPHQWTXDOLILFDWLRQLQWKHUHFRQFLOLDWLRQUHSRUWLQ³$FFHSWDQFH&ULWHULD'



&ODULI\\ LQ ³$FFHSWDQFH &ULWHULD' WKDW WKH WKLFNQHVV GHYLDWLRQV IURP 7DEOH  DUH

UHFRQFLOHGLQWKHUHFRQFLOLDWLRQUHSRUW





DRAFT J

J

T LWPHQW'

LWPHQ YLDWLRQVGXHWRDVEXLO YLDWLRQVGXHWRDVEX W QDO\\VHV'

QDO\\V RI QR LPSDFW WR HVWDEO PSDFW

HFRQFLOLDWLRQUHSRUWLQ³$

HFRQFLOLDWLRQUHSR WHULD' WKDW WKH WKLFNQH WKDW WKH WKLFNQH LDWLRQUHSRUW

DWLRQUHSRUW

HUDLFDX[LOLD HUDLFDX[

RA LQJDWWULEXWHLQ³'HVLJQ

ULEXWHLQ³'HVLJQ

HTXLUHPHQWIRUDQDO\\VLV HTXLUHPHQWIRUDQDO JLQ³,QVSHFWLRQV7HVWV JLQ³,QVSHFWLRQV7HVWV UHPHQW IRU YHULILF UHPHQW IRU YHU XDOLILFDWLRQL XDOLILFDWLRQ

SWDQ SWDQ

1'

(QFORVXUH

([HPSWLRQ5HTXHVW&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ,7$$& /$55 

3DJHRI

7DEOH,7$$&1XPEHUDLLDFRQWDLQPHQWLQWHUQDOVWUXFWXUHV





'HOHWHWKH,7$$&E\\LGHQWLI\\LQJLWDV³1RWXVHGSHU$PHQGPHQW1R>;;;@'



7DEOH,7$$&1RDLLEVKLHOGEXLOGLQJVWUXFWXUHV





'HOHWHWKH,7$$&E\\LGHQWLI\\LQJLWDV³1RWXVHGSHU$PHQGPHQW1R>;;;@'



7DEOH,7$$&1XPEHUDLLFDX[LOLDU\\EXLOGLQJ QRQUDGLRORJLFDOO\\FRQWUROOHG 





'HOHWHWKH,7$$&E\\LGHQWLI\\LQJLWDV³1RWXVHGSHU$PHQGPHQW1R>;;;@'





7DEOH,7$$&1XPEHUDLLGDX[LOLDU\\EXLOGLQJ UDGLRORJLFDOO\\FRQWUROOHG 





'HOHWHWKH,7$$&E\\LGHQWLI\\LQJLWDV³1RWXVHGSHU$PHQGPHQW1R>;;;@'



7DEOH,7$$&1XPEHUDLLHDQQH[EXLOGLQJ



$GGWKHVKLHOGLQJDWWULEXWHLQ³'HVLJQ&RPPLWPHQW'



0RGLI\\³$FFHSWDQFH&ULWHULD'WRFODULI\\WKDWWKHWKLFNQHVVUHSRUWDOVRLQFOXGHVHYDOXDWLRQV

RIWKLFNQHVVGHYLDWLRQVLGHQWLILHGGXULQJFRQVWUXFWLRQDQGGHPRQVWUDWHVWKDWWKHDVEXLOW

VWUXFWXUHVZLOOZLWKVWDQGWKHGHVLJQEDVLVORDGVZLWKRXWORVVRIVWUXFWXUDOLQWHJULW\\DQG

WKDWWKHUHLVQRLPSDFWWRHVWDEOLVKHGUDGLRORJLFDO]RQLQJDQGHTXLSPHQWTXDOLILFDWLRQ



7DEOH,7$$&1XPEHUDLLIWXUELQHEXLOGLQJ



0RGLI\\³$FFHSWDQFH&ULWHULD'WRFODULI\\WKDWWKHWKLFNQHVVUHSRUWDOVRLQFOXGHVHYDOXDWLRQV

RIWKLFNQHVVGHYLDWLRQVLGHQWLILHGGXULQJFRQVWUXFWLRQDQGGHPRQVWUDWHVWKDWWKHDVEXLOW

VWUXFWXUHVZLOOZLWKVWDQGWKHGHVLJQEDVLVORDGVZLWKRXWORVVRIVWUXFWXUDOLQWHJULW\\



7DEOH,7$$&1XPEHUDFRQWDLQPHQWLQWHUQDOVWUXFWXUHV





'HOHWHWKH,7$$&E\\LGHQWLI\\LQJLWDV³1RWXVHGSHU$PHQGPHQW1R>;;;@'



7DEOH,7$$&1XPEHUEVKLHOGEXLOGLQJ





'HOHWHWKH,7$$&E\\LGHQWLI\\LQJLWDV³1RWXVHGSHU$PHQGPHQW1R>;;;@'



7DEOH,7$$&1XPEHUFDX[LOLDU\\EXLOGLQJ QRQUDGLRORJLFDOO\\FRQWUROOHG 





'HOHWHWKH,7$$&E\\LGHQWLI\\LQJLWDV³1RWXVHGSHU$PHQGPHQW1R>;;;@'



7DEOH,7$$&1XPEHUGDX[LOLDU\\EXLOGLQJ UDGLRORJLFDOO\\FRQWUROOHG 





'HOHWHWKH,7$$&E\\LGHQWLI\\LQJLWDV³1RWXVHGSHU$PHQGPHQW1R>;;;@'



DRAFT J U J U T

SHU$PHQGPH SHU$P H[EXLOGLQJ

H[EX FT JQ&RPPLWPHQW'

RPPLWPH FODULI\\WKDWWKHWKLFNQHV FODULI\\WKDWWKHWKLF LILHGGXULQJFRQVWUXFWLR GGXULQJFRQVWUXFWLR KHGHVLJQEDVLVORDGV

JQEDVLVORDGV WRHVWDEOLVKHGUDGLRORJL WRHVWDEOLVKHGUD PEHUDLLIWXUE EHUDLLIWXUE R

FFHSWDQFH&ULWHULD'WRFO FFHSWDQFH&ULWHULD'WR HVVGHYLDWLRQVLGHQWLILH HVVGHYLDWLRQVLGHQWLILH VZLOOZLWKVWDQGWKH

VZLOOZLWKVWDQGW PEHU

PEHU

D

1'

(QFORVXUH

([HPSWLRQ5HTXHVW&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ,7$$& /$55 

3DJHRI

7DEOH,7$$&1XPEHUDDQQH[EXLOGLQJ





'HOHWHWKH,7$$&E\\LGHQWLI\\LQJLWDV³1RWXVHGSHU$PHQGPHQW1R>;;;@'



7DEOH,7$$&1XPEHUEZDVWHDFFXPXODWLRQURRPLQWKHUDGZDVWHEXLOGLQJ





0RGLI\\³$FFHSWDQFH&ULWHULD'WRFODULI\\WKDWWKHWKLFNQHVVUHSRUWDOVRLQFOXGHVHYDOXDWLRQV

RI WKLFNQHVV GHYLDWLRQV LGHQWLILHG GXULQJ FRQVWUXFWLRQ DQG GHPRQVWUDWHV WKHUH LV QR

LPSDFWWRHVWDEOLVKHGUDGLRORJLFDO]RQLQJDQGHTXLSPHQWTXDOLILFDWLRQ



'HOHWH³PLQLPXP'LQIURQWRIWKHZDOOWKLFNQHVVIURPWKH³$FFHSWDQFH&ULWHULD'

7KLVUHTXHVWZLOOSURYLGHIRUWKHDSSOLFDWLRQRIWKHUHTXLUHPHQWVIRUJUDQWLQJH[HPSWLRQVIURP

GHVLJQFHUWLILFDWLRQLQIRUPDWLRQDVVSHFLILHGLQ&)53DUW$SSHQGL['6HFWLRQ9,,,$

&)5DQG



 %$&.*5281'



7KH/LFHQVHHLVWKHKROGHURI&RPELQHG/LFHQVHQXPEHUV13)DQG13)ZKLFKDXWKRUL]H

FRQVWUXFWLRQDQGRSHUDWLRQRIWZR:HVWLQJKRXVH(OHFWULF&RPSDQ\\$3QXFOHDUSODQWV

QDPHG9RJWOH(OHFWULF*HQHUDWLQJ3ODQW 9(*3 8QLWVDQGUHVSHFWLYHO\\

61&SURSRVHVWRUHYLVH&2/$SSHQGL[& DQGSODQWVSHFLILF7LHULQIRUPDWLRQ WRFRQVROLGDWH

GXSOLFDWLYH,7$$& $FFHSWDQFH &ULWHULD IRU FHUWDLQ VWUXFWXUHV DQG FODULI\\ WKH HYDOXDWLRQV RI

WKLFNQHVV GHYLDWLRQV LQ WKH UHFRQFLOLDWLRQ DQG WKLFNQHVV UHSRUWV GHVFULEHG LQ,7$$& $Q

H[HPSWLRQ IURP HOHPHQWV RI WKH $3 FHUWLILHG 7LHU   GHVLJQ LQIRUPDWLRQ WR DOORZ D

GHSDUWXUHIURPWKH'HVLJQ'HVFULSWLRQLVUHTXHVWHG

 7(&+1,&$/-867,),&$7,212)$&&(37$%,/,7<

$Q H[HPSWLRQ LV UHTXHVWHG WR GHSDUW IURP $3 SODQWVSHFLILF '&' 7LHU  PDWHULDO ZLWK

UHJDUG WR FRQVROLGDWLQJ UHPRYLQJ DQG FODULI\\LQJ 1, DQQH[ EXLOGLQJ WXUELQH EXLOGLQJ DQG

UDGZDVWHEXLOGLQJ,7$$&



7KHSURSRVHGFKDQJHVWR1,DQQH[EXLOGLQJWXUELQHEXLOGLQJDQGUDGZDVWHEXLOGLQJ,7$$&

SUHVHQWHGLQSODQWVSHFLILF7LHUDUHDWDOHYHORIGHWDLOWKDWLVFRQVLVWHQWZLWKWKHLQIRUPDWLRQ

FXUUHQWO\\SURYLGHGWKHUHLQ7KHSURSRVHGFKDQJHVQHLWKHUDGYHUVHO\\LPSDFWWKHDELOLW\\WRPHHW

WKHGHVLJQIXQFWLRQVRIWKHFRPSRQHQWVQRULQYROYHDVLJQLILFDQWGHFUHDVHLQWKHOHYHORIVDIHW\\

SURYLGHG E\\ WKH FRPSRQHQWV 7KH SURSRVHG FKDQJHV WR LQIRUPDWLRQ LQ SODQWVSHFLILF 7LHU 

FRQWLQXHWRSURYLGHWKHGHWDLOQHFHVVDU\\WRLPSOHPHQWWKHFRUUHVSRQGLQJ,7$$&

 -867,),&$7,212)(;(037,21

&)53DUW$SSHQGL['6HFWLRQ9,,,$DQG&)5 E  JRYHUQWKHLVVXDQFHRI

H[HPSWLRQVIURPHOHPHQWVRIWKHFHUWLILHGGHVLJQLQIRUPDWLRQIRU$3QXFOHDUSRZHUSODQWV

6LQFH61&KDVLGHQWLILHGFKDQJHVWRWKH7LHULQIRUPDWLRQUHODWHGWRVWUXFWXUDOEXLOGLQJ,7$$&

DVGLVFXVVHGLQ(QFORVXUHRIWKHDFFRPSDQ\\LQJ/LFHQVH$PHQGPHQW5HTXHVWDQH[HPSWLRQ

IURPWKHFHUWLILHGGHVLJQLQIRUPDWLRQLQ7LHULVQHHGHG



&)53DUW$SSHQGL['DQG&)5DQGVWDWHWKDWWKH15&PD\\

JUDQWH[HPSWLRQVIURPWKHUHTXLUHPHQWVRIWKHUHJXODWLRQVSURYLGHGVL[FRQGLWLRQVDUHPHW 

WKHH[HPSWLRQLVDXWKRUL]HGE\\ODZ> D  @ WKHH[HPSWLRQZLOOQRWSUHVHQWDQXQGXH

DRAFT



QXPEHUV13)D QXPEHUV13)DQG

QG KRXVH(OHFWULF&RPSDQ RXVH(OHFWULF&RPSDQ 9(*3 8QLWVDQGU 3 8QLWV

[& DQGSODQWVSHFLILF7

[& DQGSODQWV HULD IRU FHUWDLQ VWUXFWX LD IRU FHUWDLQ VWUXF RQFLOLDWLRQ DQG WKLFNQH WLRQ DQG WKLFNQH WKH $3 FHUWLILHG

WKH $3 FHUWLILHG

'HVFULSWLRQLVUHTXHVWHG

'HVFULSWLRQLVUHTX

$7,212)$&&(37$

$7,212)$&&(37$

UHTXHVWHG WR GHSDUW IU UHTXHVWHG WR GH ROLGDWLQJ UHPRYLQJ D ROLGDWLQJ UHPRYLQJ

LQJ,7$$&

LQJ,7 QJHVWR1,

QJHVWR1,

HFLILF7 HFLILF7

1'

(QFORVXUH

([HPSWLRQ5HTXHVW&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ,7$$& /$55 

3DJHRI

ULVNWRWKHKHDOWKDQGVDIHW\\RIWKHSXEOLF> D  @ WKHH[HPSWLRQLVFRQVLVWHQWZLWKWKH

FRPPRQ GHIHQVH DQG VHFXULW\\ > D  @   VSHFLDO FLUFXPVWDQFHV DUH SUHVHQW

> D  @ WKHVSHFLDOFLUFXPVWDQFHVRXWZHLJKDQ\\GHFUHDVHLQVDIHW\\WKDWPD\\UHVXOW

IURP WKH UHGXFWLRQ LQ VWDQGDUGL]DWLRQ FDXVHG E\\ WKH H[HPSWLRQ > E  @ DQG   WKH

GHVLJQFKDQJHZLOOQRWUHVXOWLQDVLJQLILFDQWGHFUHDVHLQWKHOHYHORIVDIHW\\>3DUW$SS'

9,,,$@

7KHUHTXHVWHGH[HPSWLRQVDWLVILHVWKHFULWHULDIRUJUDQWLQJVSHFLILFH[HPSWLRQVDVGHVFULEHG

EHORZ

 7KLVH[HPSWLRQLVDXWKRUL]HGE\\ODZ

7KH15&KDVDXWKRULW\\XQGHU&)5DQGWRJUDQWH[HPSWLRQVIURP

WKHUHTXLUHPHQWVRI15&UHJXODWLRQV6SHFLILFDOO\\&)5DQGVWDWHWKDWWKH

15& PD\\ JUDQW H[HPSWLRQV IURP WKH UHTXLUHPHQWV RI  &)5 3DUW  XSRQ D SURSHU

VKRZLQJ 1R ODZ H[LVWV WKDW ZRXOG SUHFOXGH WKH FKDQJHV FRYHUHG E\\ WKLV H[HPSWLRQ

UHTXHVW$GGLWLRQDOO\\JUDQWLQJRIWKHSURSRVHGH[HPSWLRQGRHVQRWUHVXOWLQDYLRODWLRQRI

WKH$WRPLF(QHUJ\\$FWRIDVDPHQGHGRUWKH&RPPLVVLRQ¶VUHJXODWLRQV



$FFRUGLQJO\\ WKLV UHTXHVWHG H[HPSWLRQ LV ³DXWKRUL]HG E\\ ODZ' DV UHTXLUHG E\\  &)5

 D  



 7KLVH[HPSWLRQZLOOQRWSUHVHQWDQXQGXHULVNWRWKHKHDOWKDQGVDIHW\\RIWKHSXEOLF

7KHSURSRVHGH[HPSWLRQIURPWKHUHTXLUHPHQWVRI&)5$SSHQGL['6HFWLRQ,,,%

ZRXOG DOORZ FKDQJHV WR HOHPHQWV RI WKH SODQWVSHFLILF '&' 7LHU  WR GHSDUW IURP WKH

$3FHUWLILHG 7LHU GHVLJQLQIRUPDWLRQ7KHSODQWVSHFLILF7LHUZLOOFRQWLQXHWRUHIOHFW

WKHDSSURYHGOLFHQVLQJEDVLVIRU9(*38QLWVDQGDQGZLOOPDLQWDLQDFRQVLVWHQWOHYHORI

GHWDLOZLWKWKDWZKLFKLVFXUUHQWO\\SURYLGHGHOVHZKHUHLQ7LHURIWKH'&'7KHUHIRUHWKH

DIIHFWHGSODQWVSHFLILF'&'7LHU,7$$&ZLOOFRQWLQXHWRVHUYHLWVUHTXLUHGSXUSRVH

7KHSURSRVHGFKDQJHVWRWKH1,DQQH[EXLOGLQJWXUELQHEXLOGLQJDQGUDGZDVWHEXLOGLQJ

,7$$& ZLOO QRW LPSDFW WKH DELOLW\\ RI WKH VWUXFWXUHV V\\VWHPVRUFRPSRQHQWV 66&V  WR

SHUIRUPWKHLUGHVLJQIXQFWLRQV7KH66&VZLOOEHFRQVWUXFWHGLQDFFRUGDQFHZLWKWKHGHVLJQ

FHUWLILFDWLRQDVYHULILHGE\\SODQWVSHFLILF7LHU7DEOH,7$$&%HFDXVHWKHFKDQJHVZLOO

QRWDOWHUWKHRSHUDWLRQRIDQ\\SODQWHTXLSPHQWRUV\\VWHP¶VDELOLW\\WRSHUIRUPWKHLUGHVLJQ

IXQFWLRQWKHVHFKDQJHVGRQRWSUHVHQWDQXQGXHULVNWRH[LVWLQJHTXLSPHQWRUV\\VWHPV

7KHFKDQJHVGRQRWLQWURGXFHDQ\\QHZLQGXVWULDOFKHPLFDORUUDGLRORJLFDOKD]DUGVWKDW

ZRXOGUHSUHVHQWDSXEOLFKHDOWKRUVDIHW\\ULVNQRUGRWKH\\PRGLI\\RUUHPRYHDQ\\GHVLJQRU

RSHUDWLRQDO FRQWUROV RU VDIHJXDUGV WKDW DUH LQWHQGHG WR PLWLJDWH DQ\\ H[LVWLQJ RQVLWH

KD]DUGV)XUWKHUPRUHWKHSURSRVHGFKDQJHVZRXOGQRWDOORZIRUDQHZILVVLRQSURGXFW

UHOHDVHSDWKUHVXOWLQDQHZILVVLRQSURGXFWEDUULHUIDLOXUHPRGHRUFUHDWHDQHZVHTXHQFH

RIHYHQWVWKDWZRXOGUHVXOWLQVLJQLILFDQWIXHOFODGGLQJIDLOXUHV$FFRUGLQJO\\WKHVHFKDQJHV

GRQRWSUHVHQWDQXQGXHULVNIURPDQ\\QHZHTXLSPHQWRUV\\VWHPV

7KHUHIRUHWKHUHTXHVWHGH[HPSWLRQIURP&)5$SSHQGL['6HFWLRQ,,,%ZRXOGQRW

SUHVHQWDQXQGXHULVNWRWKHKHDOWKDQGVDIHW\\RIWKHSXEOLF

 7KHH[HPSWLRQLVFRQVLVWHQWZLWKWKHFRPPRQGHIHQVHDQGVHFXULW\\

7KHUHTXHVWHGH[HPSWLRQIURPWKHUHTXLUHPHQWVRI&)5$SSHQGL['6HFWLRQ,,,%

DRAFT

)5

)5 RI 

RI 

FKDQJHV F FKDQ H[HPSWLRQGRHV

[HPSWLRQG Q

RUWKH&RPPLVVLRQ¶V

RUWKH&RPPLVV U

LV ³DXWKRUL]HG E\\ ODZ

V ³DXWKRUL]HG E\\ ODZ

WDQXQGXHULVNWRWKHK DQXQGXHULVNWRW RPWKHUHTXLUHPHQWVRI HTXLUHPHQWVR HOHPHQWV RI WKH SODQW HOHPHQWV RI WKH

 GHVLJQLQIRUPDWLRQ7

 GHVLJQLQIRUPDWLR QJEDVLVIRU9(*38QLW JEDVLVIRU9(*38Q KLFKLVFXUUHQWO\\SURYLGH VFXUUHQWO\\SURYLGH VSHFLILF'&'7LHU,7$

VSHFLILF'&'7LH VHGFKDQJHVWRWKH1 VHGFKDQJHVWRWKH1 QRW LPSDFW WKH DE QRW LPSDFW WKH

HVLJQIXQFWLR HVLJQIXQFWLR ULILHGE\\

ULILHGE\\

RQ RQ

1'

(QFORVXUH

([HPSWLRQ5HTXHVW&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ,7$$& /$55 

3DJHRI

ZRXOGDOORZWKH/LFHQVHHWRGHSDUWIURPHOHPHQWVRIWKHSODQWVSHFLILF'&'7LHUGHVLJQ

LQIRUPDWLRQ7KHUHTXHVWHGH[HPSWLRQGRHVQRWDOWHURULPSHGHWKHGHVLJQIXQFWLRQRU

RSHUDWLRQRIDQ\\SODQW66&VWKDWLVQHFHVVDU\\WRPDLQWDLQDVDIHDQGVHFXUHSODQWVWDWXV

7KHSURSRVHGH[HPSWLRQKDVQRLPSDFWRQSODQWVHFXULW\\RUVDIHJXDUGVSURFHGXUHV

7KHUHIRUHWKHUHTXHVWHGH[HPSWLRQLVFRQVLVWHQWZLWKWKHFRPPRQGHIHQVHDQGVHFXULW\\

 6SHFLDOFLUFXPVWDQFHVDUHSUHVHQW

 &)5  D   OLVWV VL[ ³VSHFLDO FLUFXPVWDQFHV' IRU ZKLFK DQ H[HPSWLRQ PD\\ EH

JUDQWHG3XUVXDQWWRWKHUHJXODWLRQLWLVQHFHVVDU\\IRURQHRIWKHVHVSHFLDOFLUFXPVWDQFHV

WR EH SUHVHQW LQ RUGHU IRU WKH 15& WR FRQVLGHU JUDQWLQJ DQ H[HPSWLRQ UHTXHVW 7KH

UHTXHVWHG H[HPSWLRQ PHHWV WKH VSHFLDO FLUFXPVWDQFHV RI  &)5  D  LL  7KDW

VXEVHFWLRQGHILQHVVSHFLDOFLUFXPVWDQFHV DV ZKHQ ³$SSOLFDWLRQ RI WKHUHJXODWLRQLQWKH

SDUWLFXODU FLUFXPVWDQFHV ZRXOG QRW VHUYH WKH XQGHUO\\LQJ SXUSRVH RI WKH UXOH RU LV QRW

QHFHVVDU\\WRDFKLHYHWKHXQGHUO\\LQJSXUSRVHRIWKHUXOH'

7KHUXOHXQGHUFRQVLGHUDWLRQLQWKLVUHTXHVWIRUH[HPSWLRQLV&)5$SSHQGL['

6HFWLRQ,,,%ZKLFKUHTXLUHVWKDWDOLFHQVHHUHIHUHQFLQJWKH$3'HVLJQ&HUWLILFDWLRQ

5XOH &)53DUW$SSHQGL[' VKDOOLQFRUSRUDWHE\\UHIHUHQFHDQGFRPSO\\ZLWKWKH

UHTXLUHPHQWVRI$SSHQGL['LQFOXGLQJ7LHULQIRUPDWLRQ7KH9(*38QLWVDQG&2/V

UHIHUHQFH WKH $3 'HVLJQ &HUWLILFDWLRQ 5XOH DQG LQFRUSRUDWH E\\ UHIHUHQFH WKH

UHTXLUHPHQWVRI&)53DUW$SSHQGL['LQFOXGLQJ7LHULQIRUPDWLRQ7KHXQGHUO\\LQJ

SXUSRVHRI$SSHQGL['6HFWLRQ,,,%LVWRGHVFULEHDQGGHILQHWKHVFRSHDQGFRQWHQWVRI

WKH$3GHVLJQFHUWLILFDWLRQDQGWRUHTXLUHFRPSOLDQFHZLWKWKHGHVLJQFHUWLILFDWLRQ

LQIRUPDWLRQLQ$SSHQGL['

7KH SURSRVHG FRQVROLGDWLRQ DQG FODULILFDWLRQ FKDQJHV WR 1, DQQH[ EXLOGLQJ WXUELQH

EXLOGLQJDQGUDGZDVWHEXLOGLQJ,7$$&HQVXUHWKDWWKH66&VUHODWHGWRWKLVDPHQGPHQW

DUHFRQVWUXFWHGLQDFFRUGDQFHZLWKWKHGHVLJQFHUWLILFDWLRQDVYHULILHGE\\SODQWVSHFLILF7LHU

7DEOH,7$$&7KHVHFKDQJHVGRQRWLPSDFWWKHDELOLW\\RIDQ\\66&VWRSHUIRUPWKHLU

IXQFWLRQVRUQHJDWLYHO\\LPSDFWVDIHW\\$FFRUGLQJO\\WKLVH[HPSWLRQIURPWKHFHUWLILFDWLRQ

LQIRUPDWLRQZLOOHQDEOHWKHOLFHQVHHWRVDIHO\\FRQVWUXFWDQGRSHUDWHWKH$3IDFLOLW\\

FRQVLVWHQWZLWKWKHGHVLJQFHUWLILHGE\\WKH15&LQ&)5$SSHQGL['

7KHUHIRUH VSHFLDOFLUFXPVWDQFHVDUHSUHVHQWEHFDXVHDSSOLFDWLRQRIWKHFXUUHQWSODQW

VSHFLILFFHUWLILHGGHVLJQLQIRUPDWLRQLQ7LHUDVUHTXLUHGE\\&)53DUW$SSHQGL['

6HFWLRQ,,,%LQWKHSDUWLFXODUFLUFXPVWDQFHVGLVFXVVHGLQWKLVUHTXHVWLVQRWQHFHVVDU\\WR

DFKLHYHWKHXQGHUO\\LQJSXUSRVHRIWKHUXOH

 7KHVSHFLDOFLUFXPVWDQFHVRXWZHLJKDQ\\GHFUHDVHLQVDIHW\\WKDWPD\\UHVXOWIURP

WKHUHGXFWLRQLQVWDQGDUGL]DWLRQFDXVHGE\\WKHH[HPSWLRQ

%DVHGRQWKHQDWXUHRIWKHFKDQJHVWRWKHSODQWVSHFLILF7LHULQIRUPDWLRQLQWKLVDUHDDQG

WKHXQGHUVWDQGLQJWKDWWKHVHFKDQJHVDUHQRWUHODWHGWRV\\VWHPIXQFWLRQVWKHVHFKDQJHV

ZLOOQRWKDYHDQHJDWLYHLPSDFW1HYHUWKHOHVVLIRWKHU$3OLFHQVHHVGRQRWHOHFWWR

UHTXHVWWKLVH[HPSWLRQWKHVSHFLDOFLUFXPVWDQFHVFRQWLQXHWRRXWZHLJKDQ\\GHFUHDVHLQ

VDIHW\\IURPWKHUHGXFWLRQLQVWDQGDUGL]DWLRQEHFDXVHWKHNH\\GHVLJQIXQFWLRQVDVVRFLDWHG

ZLWKWKLVUHTXHVWZLOOFRQWLQXHWREHPDLQWDLQHG7KLVH[HPSWLRQUHTXHVWDQGWKHDVVRFLDWHG

PDUNHGXS WDEOH GHPRQVWUDWH WKDW WKHUH LV D PLQLPDO FKDQJH IURP WKH SODQWVSHFLILF

$3'&'PLQLPL]LQJWKHUHGXFWLRQLQVWDQGDUGL]DWLRQDQGFRQVHTXHQWO\\WKHVDIHW\\

DRAFT

\\LQJ S

\\LQJ

UXOH'

UXOH'

IRUH[HPSWLRQLV

IRUH[HPSWLRQ



HUHIHUHQFLQJWKH$

HUHIHUHQFLQJWKH$3

3 OOLQFRUSRUDWHE\\UHIHUH OOLQFRUSRUDWHE\\UHIHUH 7LHULQIRUPDWLRQ7KH HULQIRUPD HUWLILFDWLRQ 5XOH DQG

RQ 5X

$SSHQGL['LQFOXGLQJ7

$SSHQGL['LQFOXG Q,,,%LVWRGHVFULEHDQ

%LVWRGHVFULEHD DWLRQDQGWRUHTXLUHFR QGWRUHTXLUHF

'

'

ROLGDWLRQ DQG FODULILFDW ROLGDWLRQ DQG FODULILF ZDVWHEXLOGLQJ,7$$&H HEXLOGLQJ,7$$&H

LQDFFRUGDQFHZLWKWKH LQDFFRUGDQFH

,7$$&7KHVHFKDQJH

,7$$&7KHVHFKDQ RUQHJDWLYHO\\LPSDFWV RUQHJDWLYHO\\LPSDFWV ZLOOHQDEOHWKHOLFH ZLOOHQDEOHWKH

KWKHGHVLJQF KWKHGHVLJQF FLUF FLUF

1'

(QFORVXUH

([HPSWLRQ5HTXHVW&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ,7$$& /$55 

3DJHRI

LPSDFWIURPWKHUHGXFWLRQ

7KHUHIRUHWKHVSHFLDOFLUFXPVWDQFHVDVVRFLDWHGZLWKWKHUHTXHVWHGH[HPSWLRQRXWZHLJK

DQ\\GHFUHDVHLQVDIHW\\WKDWPD\\UHVXOWIURPWKHUHGXFWLRQLQVWDQGDUGL]DWLRQFDXVHGE\\WKH

H[HPSWLRQ

 7KHGHVLJQFKDQJHZLOOQRWUHVXOWLQDVLJQLILFDQWGHFUHDVHLQWKHOHYHORIVDIHW\\

7KH SURSRVHG H[HPSWLRQ ZRXOG DOORZ FRQVROLGDWLRQ RI GXSOLFDWLYH,7$$& $FFHSWDQFH

&ULWHULDIRUFHUWDLQVWUXFWXUHVDQGFODULI\\WKDWHYDOXDWLRQVRIWKLFNQHVVGHYLDWLRQVZLOOEH

LQFOXGHGLQWKHUHFRQFLOLDWLRQDQGWKLFNQHVVUHSRUWV7KHFKDQJHVWR1,DQQH[EXLOGLQJ

WXUELQHEXLOGLQJDQGUDGZDVWHEXLOGLQJ,7$$&ZLOOQRWLPSDFWWKHIXQFWLRQDOFDSDELOLWLHVRI

WKHVWUXFWXUHV%HFDXVHWKHSURSRVHGFKDQJHVWR,7$$&DVVRFLDWHGZLWKWKLVH[HPSWLRQ

UHTXHVWZLOOQRWPRGLI\\WKHGHVLJQRURSHUDWLRQRIDQ\\V\\VWHPVRUHTXLSPHQWWKHUHDUHQR

QHZIDLOXUHPRGHVLQWURGXFHGE\\WKHVHFKDQJHVDQGWKHOHYHORIVDIHW\\SURYLGHGE\\WKH

FXUUHQW66&VZLOOEHXQFKDQJHG

7KHSURSRVHGFKDQJHVUHTXLUHUHYLVLRQVWRSODQWVSHFLILF7LHULQIRUPDWLRQWKHUHLVQR

WHFKQLFDOGHVLJQFKDQJHRUSODQWIXQFWLRQFKDQJHDVVRFLDWHGZLWKWKLVH[HPSWLRQ%HFDXVH

WKHSURSRVHGFKDQJHVDVVRFLDWHGZLWKWKLVH[HPSWLRQUHTXHVWZLOOQRWDGYHUVHO\\DIIHFWWKH

DELOLW\\RIDQ\\V\\VWHPVRUHTXLSPHQWWRSHUIRUPWKHLUGHVLJQIXQFWLRQVDQGWKHOHYHORIVDIHW\\

SURYLGHGE\\WKHFXUUHQWV\\VWHPVDQGHTXLSPHQWLVXQFKDQJHGLWLVFRQFOXGHGWKDWWKH

FKDQJHVDVVRFLDWHGZLWKWKLVSURSRVHGH[HPSWLRQZLOOQRWUHVXOWLQDVLJQLILFDQWGHFUHDVHLQ

WKHOHYHORIVDIHW\\

 5,6.$66(660(17

$ULVNDVVHVVPHQWZDVQRWGHWHUPLQHGWREHDSSOLFDEOHWRDGGUHVVWKHDFFHSWDELOLW\\RIWKLV

SURSRVDO

 35(&('(17

1RQHLGHQWLILHG

 (19,5210(17$/&216,'(5$7,21

$UHYLHZKDVGHWHUPLQHGWKDWWKHSURSRVHGDPHQGPHQWZRXOGFKDQJHDUHTXLUHPHQWZLWK

UHVSHFW WR LQVWDOODWLRQ RU XVH RI D IDFLOLW\\ FRPSRQHQW ORFDWHG ZLWKLQ WKH UHVWULFWHG DUHD DV

GHILQHGLQ&)5RUZRXOGFKDQJHDQLQVSHFWLRQRUVXUYHLOODQFHUHTXLUHPHQW+RZHYHUWKH

SURSRVHGH[HPSWLRQGRHVQRWLQYROYH L DVLJQLILFDQWKD]DUGVFRQVLGHUDWLRQ LL DVLJQLILFDQW

FKDQJH LQ WKH W\\SHV RU D VLJQLILFDQW LQFUHDVH LQ WKH DPRXQWV RI DQ\\ HIIOXHQWV WKDW PD\\EH

UHOHDVHGRIIVLWHRU LLL DVLJQLILFDQWLQFUHDVHLQLQGLYLGXDORUFXPXODWLYHRFFXSDWLRQDOUDGLDWLRQ

H[SRVXUH 6SHFLILF MXVWLILFDWLRQ LV SURYLGHG LQ 6HFWLRQ  RI WKH FRUUHVSRQGLQJ OLFHQVH

DPHQGPHQWUHTXHVW



$FFRUGLQJO\\WKHSURSRVHGH[HPSWLRQPHHWVWKHHOLJLELOLW\\FULWHULRQIRUFDWHJRULFDOH[FOXVLRQVHW

IRUWKLQ&)5 F   7KHUHIRUHSXUVXDQWWR&)5 E QRHQYLURQPHQWDOLPSDFW

VWDWHPHQWRUHQYLURQPHQWDODVVHVVPHQWQHHGWREHSUHSDUHGLQFRQQHFWLRQZLWKWKHSURSRVHG

H[HPSWLRQ





DRAFT V\\VWHP V\\VWH QGWKHOHYH QGWK RSODQWVSHFLILF7LHU

RSODQWVSHFLILF7LHU

FKDQJHDVVRFLDWHGZLW FKDQJHDVVRFLDWHGZLWK

WKLVH[HPSWLRQUHTXHV VH[HPSWLR WRSHUIRUPWKHLUGHVLJQ

WRSHUIRUPWKH VDQGHTXLSPHQWLVXQ DQGHTXLSPHQWLV URSRVHGH[HPSWLRQZLOO

VHGH[HPSWLRQZLOO DVQRWGHWHUPLQHGWREH WGHWHUPLQHGWREH 216 216

1'

(QFORVXUH

([HPSWLRQ5HTXHVW&RQVROLGDWLRQRI6WUXFWXUDO%XLOGLQJ,7$$& /$55 

3DJHRI

 &21&/86,21

7KH SURSRVHG FKDQJHV WR '&' 7LHU  DUH QHFHVVDU\\ WR FRQVROLGDWH GXSOLFDWLYH,7$$&

$FFHSWDQFH&ULWHULDIRUFHUWDLQVWUXFWXUHVDQGFODULI\\WKDWHYDOXDWLRQVRIWKLFNQHVVGHYLDWLRQV

ZLOOEHLQFOXGHGLQWKHUHFRQFLOLDWLRQDQGWKLFNQHVVUHSRUWV7KHH[HPSWLRQUHTXHVWPHHWVWKH

UHTXLUHPHQWVRI&)5&)5&)5&)5DQG&)5

$SSHQGL['6SHFLILFDOO\\WKHH[HPSWLRQUHTXHVWPHHWVWKHFULWHULDRI&)5 D  LQ

WKDWWKHUHTXHVWLVDXWKRUL]HGE\\ODZSUHVHQWVQRXQGXHULVNWRSXEOLFKHDOWKDQGVDIHW\\DQG

LVFRQVLVWHQWZLWKWKHFRPPRQGHIHQVHDQGVHFXULW\\)XUWKHUPRUHDSSURYDORIWKLVUHTXHVW

GRHVQRWUHVXOWLQDVLJQLILFDQWGHFUHDVHLQWKHOHYHORIVDIHW\\SUHVHQWVVSHFLDOFLUFXPVWDQFHV

GRHVQRWSUHVHQWDVLJQLILFDQWGHFUHDVHLQVDIHW\\DVDUHVXOWRIDUHGXFWLRQLQVWDQGDUGL]DWLRQ

DQGPHHWVWKHHOLJLELOLW\\UHTXLUHPHQWVIRUFDWHJRULFDOH[FOXVLRQ



5()(5(1&(6

1RQH

DRAFT

6RXWKHUQ1XFOHDU2SHUDWLQJ&RPSDQ\\

1'

(QFORVXUH

9RJWOH(OHFWULF*HQHUDWLQJ3ODQW 9(*3 8QLWVDQG

5HYLVHG3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV

'RFXPHQWV /$55 

1RWH

$GGHGWH[WLVVKRZQDVEROG%OXH8QGHUOLQH

'HOHWHGWH[WLVVKRZQDVEROG5HG6WULNHWKURXJK

5HYLVHGDGGHGWH[WLVVKRZQDVEROG9LROHW8QGHUOLQH

5HYLVHGGHOHWHGWH[WLVVKRZQDV*UHHQ6WULNHWKURXJK

  LQGLFDWHVRPLWWHGH[LVWLQJWH[WWKDWLVQRWVKRZQ









(QFORVXUHFRQVLVWVRISDJHVLQFOXGLQJWKLVFRYHUSDJH 

DRAFT DQW 9(*3 8QLWVDQ DQW 9(*3 8QLWV

&KDQJHVWRWKH/LFHQ

&KDQJHVWRWKH/

'RFXPHQWV /$5

'RFXPHQWV /$5

1'

(QFORVXUH

3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$55 

3DJHRI

5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH³'HILQLWLRQRI:DOO7KLFNQHVVHVIRU

1XFOHDU,VODQG%XLOGLQJV7XUELQH%XLOGLQJDQG$QQH[%XLOGLQJ'DVVKRZQEHORZ

  

 5HFRQFLOLDWLRQRIFRQVWUXFWLRQGHYLDWLRQVLQWKHQXFOHDULVODQGVWUXFWXUHVIURPWKHWKLFNQHVVDQGWROHUDQFHVVSHFLILHGLQWKLVWDEOHLVLQFOXGHGLQWKHUHFRQFLOLDWLRQUHSRUWVDQGGHPRQVWUDWH

WKDWWKHDVEXLOWVWUXFWXUHVZLOOZLWKVWDQGGHVLJQEDVLVORDGVZLWKRXWORVVRIVWUXFWXUDOLQWHJULW\\RUVDIHW\\IXQFWLRQVDQGZLWKRXWORVVRIVKLHOGLQJIXQFWLRQVLPSDFWLQJFRPSOLDQFHZLWK*'&

HVWDEOLVKHGUDGLRORJLFDO]RQLQJRUHTXLSPHQWTXDOLILFDWLRQLQDFFRUGDQFHZLWK,7$$&DLDDLEDLFRUDLG

 &RQVWUXFWLRQGHYLDWLRQVLQWKHDQQH[EXLOGLQJIURPWKHWKLFNQHVVDQGWROHUDQFHVVSHFLILHGLQWKLVWDEOHDUHHYDOXDWHGLQWKHWKLFNQHVVUHSRUWWRGHPRQVWUDWHWKDWWKHDVEXLOWVWUXFWXUHVZLOO

ZLWKVWDQGGHVLJQEDVLVORDGVZLWKRXWORVVRIVWUXFWXUDOLQWHJULW\\RUVDIHW\\IXQFWLRQVDQGZLWKRXWORVVRIVKLHOGLQJIXQFWLRQVLPSDFWLQJFRPSOLDQFHZLWK*'&HVWDEOLVKHGUDGLRORJLFDO

]RQLQJRUHTXLSPHQWTXDOLILFDWLRQGXULQJQRUPDORSHUDWLRQLQDFFRUGDQFHZLWK,7$$&DLLH

 &RQVWUXFWLRQGHYLDWLRQVLQWKHWXUELQHEXLOGLQJIURPWKHWKLFNQHVVDQGWROHUDQFHVVSHFLILHGLQWKLVWDEOHDUHHYDOXDWHGLQWKHWKLFNQHVVUHSRUWWRGHPRQVWUDWHWKDWWKHDVEXLOWVWUXFWXUHV

ZLOOZLWKVWDQGGHVLJQEDVLVORDGVZLWKRXWORVVRIVWUXFWXUDOLQWHJULW\\RUVDIHW\\IXQFWLRQVLQDFFRUGDQFHZLWK,7$$&DLLI

 1RQFRQIRUPDQFHVIURPWKHWKLFNQHVVHVDQGWROHUDQFHVVSHFLILHGLQ7DEOH LHRXWRIWROHUDQFHFRQGLWLRQV DUHDGGUHVVHGXQGHUWKH&)53DUW$SSHQGL[%SURFHVVDQG

VXEVHTXHQWO\\DUHVFUHHQHGLQDFFRUGDQFHZLWKWKH&)53DUW$SSHQGL['6HFWLRQ9,,,SURFHVVRUD&)5OLNHSURFHVVWRHQVXUHWKDWWKHOLFHQVLQJEDVLVLVDGHTXDWHO\\

PDLQWDLQHG&RQVWUXFWLRQGHYLDWLRQVZLOOFRQWLQXHWREHDVVHVVHGDJDLQVWWKHOLFHQVLQJEDVLVUHTXLUHPHQWVDQGZLOOEHDGGUHVVHGLQDFFRUGDQFHZLWKOLFHQVHHSURFHGXUHVDQGUHJXODWRU\\

UHTXLUHPHQWVDQGLIDSSOLFDEOHDOLFHQVHDPHQGPHQWZLOOEHREWDLQHGSULRUWRLPSOHPHQWDWLRQRIWKHFKDQJH





'HILQLWLRQRI:DOO7KLFNQHVVHVIRU1XFOHDU,VODQG%XLOGLQJV7XUELQH%XLOGLQJDQG$QQH[%XLOGLQJ  

DOORU6HFWLRQ'HVFULSWLRQ

&ROXPQ/LQHV  

)ORRU(OHYDWLRQRU

(OHYDWLRQ5DQJH   

&RQFUHWH

7KLFNQHVV       

$SSOLFDEOH5DGLDWLRQ

6KLHOGLQJ:DOO

<HV1R 

&RQWDLQPHQW%XLOGLQJ,QWHUQDO6WUXFWXUH  



DRAFT

  

  

QHVVDQGWROHUDQFHVVSHFLILHGLQW WROHUDQFHV AF DOLQWHJULW\\RUVDIHW\\IXQFWLRQVDQ DOLQWHJULW\\RUVDIHW\\IX AF

,7$$&

7$$& DLD

D

AF QFHVVSHFLILHGLQWKLVWDEOHDUHHY ILHGLQWKLVWDEOHDUHHY RA

\\IXQFWLRQVDQGZLWKRXW

\\IXQFWLRQVDQGZLWKRX ORVVRII RAA DQFHZLWK,

DQFHZLWK,7$$&

7$$& DLLH RA HVVDQGWROHUDQFHVVSHFLILHGLQWK HVVDQGWROHUDQFHVVSHFLILHGLQ

RA WHJULW\\RUVDIHW\\IXQFWLRQVLQ W\\RUVDIHW\\IXQFWLRQVLQDFF

DFF DR VSHFLILHGL VSHFLILHGLQ7DEOH LHRX 7DEOH

DR

&)53DUW

&)53DUW$SSHQGL['6H

$SSHQGL['

DR HWREHDVVHVVH HWRE GDJDLQVWWKHOLFH JDLQVWWKHOLFH D

QWZLOOEHRE QWZLOO

WDLQHGSULRUWR SUL D

FT YDWLRQRU YDWLR LRQ5DQJH LRQ5D

 

T FT

1'

(QFORVXUH

3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$55 

3DJHRI

7DEOH FRQW 

'HILQLWLRQRI:DOO7KLFNQHVVHVIRU1XFOHDU,VODQG%XLOGLQJV7XUELQH%XLOGLQJDQG$QQH[%XLOGLQJ  

DOORU6HFWLRQ'HVFULSWLRQ

&ROXPQ/LQHV  

)ORRU(OHYDWLRQRU

(OHYDWLRQ5DQJH   

&RQFUHWH

7KLFNQHVV       

$SSOLFDEOH5DGLDWLRQ

6KLHOGLQJ:DOO

<HV1R 



6KLHOG%XLOGLQJ   



$X[LOLDU\\%XLOGLQJ:DOOV)ORRUV5DGLRORJLFDOO\\&RQWUROOHG  



$X[LOLDU\\%XLOGLQJ:DOOV)ORRUV1RQ5DGLRORJLFDOO\\&RQWUROOHG  



$QQH[%XLOGLQJ  

7XUELQH%XLOGLQJ  



RA RA AFTT FT FT



FT AFT AF AF RA RA

1'

(QFORVXUH

3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$55 

3DJHRI

5HYLVH&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJSODQWVSHFLILF7LHU7DEOH

³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'DVVKRZQEHORZ





7DEOH

,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD

1R

,7$$&1R

'HVLJQ&RPPLWPHQW

,QVSHFWLRQV7HVWV$QDO\\VHV

$FFHSWDQFH&ULWHULD





DLD

D 7KHQXFOHDULVODQGVWUXFWXUHV

LQFOXGLQJWKHFULWLFDOVHFWLRQVOLVWHGLQ

7DEOHDUHVHLVPLF&DWHJRU\\,DQG

DUHGHVLJQHGDQGFRQVWUXFWHGWR

ZLWKVWDQGGHVLJQEDVLVORDGVDV

VSHFLILHGLQWKH'HVLJQ'HVFULSWLRQ

ZLWKRXWORVVRIVWUXFWXUDOLQWHJULW\\DQG

WKHVDIHW\\UHODWHGIXQFWLRQV

 :DOOVDQGIORRUVRIWKHQXFOHDU

LVODQGVWUXFWXUHVDVGHILQHGRQ7DEOH

H[FHSWIRUGHVLJQHGRSHQLQJVRU

SHQHWUDWLRQVSURYLGHVKLHOGLQJ

GXULQJQRUPDORSHUDWLRQV

L $QLQVSHFWLRQRIWKHQXFOHDU

LVODQGVWUXFWXUHVZLOOEH

SHUIRUPHG'HYLDWLRQVIURPWKH

GHVLJQGXHWRDVEXLOWFRQGLWLRQV

ZLOOEHDQDO\\]HGIRUWKHGHVLJQ

EDVLVORDGVDQGIRUUDGLDWLRQ

VKLHOGLQJ

LD $UHSRUWH[LVWVZKLFK

UHFRQFLOHVGHYLDWLRQVGXULQJ

FRQVWUXFWLRQLQFOXGLQJ7DEOH

ZDOODQGIORRU

WKLFNQHVVHVDQGFRQFOXGHV

WKDWWKHDVEXLOWFRQWDLQPHQW

LQWHUQDOVWUXFWXUHVLQFOXGLQJ

WKHFULWLFDOVHFWLRQVFRQIRUP

WRWKHDSSURYHGGHVLJQDQG

ZLOOZLWKVWDQGWKHGHVLJQEDVLV

ORDGVVSHFLILHGLQWKH'HVLJQ

'HVFULSWLRQZLWKRXWORVVRI

VWUXFWXUDOLQWHJULW\\RUWKH

VDIHW\\UHODWHGIXQFWLRQVDQG

WKDWWKHUHLVQRORVVRIWKH

VKLHOGLQJIXQFWLRQZLWKRXW

LPSDFWLQJHVWDEOLVKHG

UDGLRORJLFDO]RQLQJDQG

HTXLSPHQWTXDOLILFDWLRQ



DLE

D 7KHQXFOHDULVODQGVWUXFWXUHV

LQFOXGLQJWKHFULWLFDOVHFWLRQVOLVWHGLQ

7DEOHDUHVHLVPLF&DWHJRU\\,DQG

DUHGHVLJQHGDQGFRQVWUXFWHGWR

ZLWKVWDQGGHVLJQEDVLVORDGVDV

VSHFLILHGLQWKH'HVLJQ'HVFULSWLRQ

ZLWKRXWORVVRIVWUXFWXUDOLQWHJULW\\DQG

WKHVDIHW\\UHODWHGIXQFWLRQV

 :DOOVDQGIORRUVRIWKHQXFOHDU

LVODQGVWUXFWXUHVDVGHILQHGRQ7DEOH

H[FHSWIRUGHVLJQHGRSHQLQJVRU

SHQHWUDWLRQVSURYLGHVKLHOGLQJ

GXULQJQRUPDORSHUDWLRQV

L $QLQVSHFWLRQRIWKHQXFOHDU

LVODQGVWUXFWXUHVZLOOEH

SHUIRUPHG'HYLDWLRQVIURPWKH

GHVLJQGXHWRDVEXLOWFRQGLWLRQV

ZLOOEHDQDO\\]HGIRUWKHGHVLJQ

EDVLVORDGVDQGIRUUDGLDWLRQ

VKLHOGLQJ

LE $UHSRUWH[LVWVZKLFK

UHFRQFLOHVGHYLDWLRQVGXULQJ

FRQVWUXFWLRQLQFOXGLQJ7DEOH

ZDOODQGIORRU

WKLFNQHVVHVDQGFRQFOXGHVWKDW

WKHDVEXLOWVKLHOGEXLOGLQJ

VWUXFWXUHVLQFOXGLQJWKHFULWLFDO

VHFWLRQVFRQIRUPWRWKH

DSSURYHGGHVLJQDQGZLOO

ZLWKVWDQGWKHGHVLJQEDVLV

ORDGVVSHFLILHGLQWKH'HVLJQ

'HVFULSWLRQZLWKRXWORVVRI

VWUXFWXUDOLQWHJULW\\RUWKH

VDIHW\\UHODWHGIXQFWLRQVDQG

WKDWWKHUHLVQRORVVRIWKH

VKLHOGLQJIXQFWLRQZLWKRXW

LPSDFWLQJHVWDEOLVKHG

UDGLRORJLFDO]RQLQJDQG

HTXLSPHQWTXDOLILFDWLRQ

DR QXFOHDULVODQGVWUXFWXUHV

QXFOHDULVODQGVWUXFWXUHV

QJWKHFULWLFDOVHFWLRQVOLVWHG JWKHFULWLFDOVHFWLRQVOLVWHG

DUHVHLVPLF&DWHJRU

DUHVHLVPLF&DW GDQG GDQG FRQVWUXFWHG FRQVWUXFWH G

JQEDVLVORD JQEDVLVORD HVLJQ HVLJQ DRA U

A RAFT RQ RQ EXLOWFRQ EXLOWF HGIRUWKHGHVL HGIRU

DQGIRUUDGLDWLRQ

DQGIRUUD T

J

F RA DR

1'

(QFORVXUH

3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$55 

3DJHRI





7DEOH

,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD

1R

,7$$&1R

'HVLJQ&RPPLWPHQW

,QVSHFWLRQV7HVWV$QDO\\VHV

$FFHSWDQFH&ULWHULD



DLF

D 7KHQXFOHDULVODQGVWUXFWXUHV

LQFOXGLQJWKHFULWLFDOVHFWLRQVOLVWHGLQ

7DEOHDUHVHLVPLF&DWHJRU\\,DQG

DUHGHVLJQHGDQGFRQVWUXFWHGWR

ZLWKVWDQGGHVLJQEDVLVORDGVDV

VSHFLILHGLQWKH'HVLJQ'HVFULSWLRQ

ZLWKRXWORVVRIVWUXFWXUDOLQWHJULW\\DQG

WKHVDIHW\\UHODWHGIXQFWLRQV

 :DOOVDQGIORRUVRIWKHQXFOHDU

LVODQGVWUXFWXUHVDVGHILQHGRQ7DEOH

H[FHSWIRUGHVLJQHGRSHQLQJVRU

SHQHWUDWLRQVSURYLGHVKLHOGLQJ

GXULQJQRUPDORSHUDWLRQV

L $QLQVSHFWLRQRIWKHQXFOHDU

LVODQGVWUXFWXUHVZLOOEH

SHUIRUPHG'HYLDWLRQVIURPWKH

GHVLJQGXHWRDVEXLOWFRQGLWLRQV

ZLOOEHDQDO\\]HGIRUWKHGHVLJQ

EDVLVORDGVDQGIRUUDGLDWLRQ

VKLHOGLQJ

LF $UHSRUWH[LVWVZKLFK

UHFRQFLOHVGHYLDWLRQVGXULQJ

FRQVWUXFWLRQLQFOXGLQJ7DEOH

ZDOODQGIORRU

WKLFNQHVVHVDQGFRQFOXGHVWKDW

WKHDVEXLOWVWUXFWXUHVLQWKH

QRQUDGLRORJLFDOO\\FRQWUROOHG

DUHDRIWKHDX[LOLDU\\EXLOGLQJ

LQFOXGLQJWKHFULWLFDOVHFWLRQV

FRQIRUPWRWKHDSSURYHGGHVLJQ

DQGZLOOZLWKVWDQGWKHGHVLJQ

EDVLVORDGVVSHFLILHGLQWKH

'HVLJQ'HVFULSWLRQZLWKRXW

ORVVRIVWUXFWXUDOLQWHJULW\\RU

WKHVDIHW\\UHODWHGIXQFWLRQV

DQGWKDWWKHUHLVQRORVVRI

WKHVKLHOGLQJIXQFWLRQZLWKRXW

LPSDFWLQJHVWDEOLVKHG

UDGLRORJLFDO]RQLQJDQG

HTXLSPHQWTXDOLILFDWLRQ



DLG

D 7KHQXFOHDULVODQGVWUXFWXUHV

LQFOXGLQJWKHFULWLFDOVHFWLRQVOLVWHGLQ

7DEOHDUHVHLVPLF&DWHJRU\\,DQG

DUHGHVLJQHGDQGFRQVWUXFWHGWR

ZLWKVWDQGGHVLJQEDVLVORDGVDV

VSHFLILHGLQWKH'HVLJQ'HVFULSWLRQ

ZLWKRXWORVVRIVWUXFWXUDOLQWHJULW\\DQG

WKHVDIHW\\UHODWHGIXQFWLRQV

 :DOOVDQGIORRUVRIWKHQXFOHDU

LVODQGVWUXFWXUHVDVGHILQHGRQ7DEOH

H[FHSWIRUGHVLJQHGRSHQLQJVRU

SHQHWUDWLRQVSURYLGHVKLHOGLQJ

GXULQJQRUPDORSHUDWLRQV

L $QLQVSHFWLRQRIWKHQXFOHDU

LVODQGVWUXFWXUHVZLOOEH

SHUIRUPHG'HYLDWLRQVIURPWKH

GHVLJQGXHWRDVEXLOWFRQGLWLRQV

ZLOOEHDQDO\\]HGIRUWKHGHVLJQ

EDVLVORDGVDQGIRUUDGLDWLRQ

VKLHOGLQJ

LG $UHSRUWH[LVWVZKLFK

UHFRQFLOHVGHYLDWLRQVGXULQJ

FRQVWUXFWLRQLQFOXGLQJ7DEOH

ZDOODQGIORRU

WKLFNQHVVHVDQGFRQFOXGHV

WKDWWKHDVEXLOWVWUXFWXUHVLQ

WKHUDGLRORJLFDOO\\FRQWUROOHG

DUHDRIWKHDX[LOLDU\\EXLOGLQJ

LQFOXGLQJWKHFULWLFDOVHFWLRQV

FRQIRUPWRWKHDSSURYHG

GHVLJQDQGZLOOZLWKVWDQGWKH

GHVLJQEDVLVORDGVVSHFLILHGLQ

WKH'HVLJQ'HVFULSWLRQ

ZLWKRXWORVVRIVWUXFWXUDO

LQWHJULW\\RUWKHVDIHW\\UHODWHG

IXQFWLRQVDQGWKDWWKHUHLV

QRORVVRIWKHVKLHOGLQJ

IXQFWLRQZLWKRXWLPSDFWLQJ

HVWDEOLVKHGUDGLRORJLFDO

]RQLQJDQGHTXLSPHQW

TXDOLILFDWLRQ

DRAFT A

XUHV

RQVOLVWHGLQ

QVOLVWH

&DWHJRU\\,DQG

&DWHJRU\\,

VWUXFWHGWR

VWUXFW EDVLVORDGVDV

LVORDGVDV

H'HVLJQ'HVFULSWLRQ

'HVLJQ'HVFULS VRIVWUXFWXUDOLQWHJULW\\DQG

VRIVWUXFWXUDOLQWHJULW

\\UHODW

\\UHODWHGIXQFWLRQV

FWLRQV OVDQGIORRUVRIWKHQXF OVDQGIORRUVRIWKH D

FWXUHVDVGHILQHG

FWXUHVDVGHILQH D

RUGHVLJQHG RUGHVLJQHG D

RYLGH

RYLGH

D L $QLQVSHFWLR

$QLQVSHFW LVODQGVWUXF LVODQGVWUXF SHUIRUPH SH GHVLJ GHV ZL ZL AF RA

1'

(QFORVXUH

3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$55 

3DJHRI





7DEOH

,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD

1R

,7$$&1R

'HVLJQ&RPPLWPHQW

,QVSHFWLRQV7HVWV$QDO\\VHV

$FFHSWDQFH&ULWHULD



DLLD

1RWXVHGSHU$PHQGPHQW1R>;;;@

D 7KHQXFOHDULVODQGVWUXFWXUHV

LQFOXGLQJWKHFULWLFDOVHFWLRQVOLVWHG

LQ7DEOHDUHVHLVPLF&DWHJRU\\,

DQGDUHGHVLJQHGDQGFRQVWUXFWHGWR

ZLWKVWDQGGHVLJQEDVLVORDGVDV

VSHFLILHGLQWKH'HVLJQ'HVFULSWLRQ

ZLWKRXWORVVRIVWUXFWXUDOLQWHJULW\\

DQGWKHVDIHW\\UHODWHGIXQFWLRQV

LL $QLQVSHFWLRQRIWKH

DVEXLOWFRQFUHWHWKLFNQHVVZLOO

EHSHUIRUPHG

LLD $UHSRUWH[LVWVWKDW

FRQFOXGHVWKDWWKH

FRQWDLQPHQWLQWHUQDO

VWUXFWXUHVDVEXLOWFRQFUHWH

WKLFNQHVVHVFRQIRUPWRWKH

EXLOGLQJVHFWLRQVGHILQHGLQ

7DEOH



DLLE

1RWXVHGSHU$PHQGPHQW1R>;;;@

D 7KHQXFOHDULVODQGVWUXFWXUHV

LQFOXGLQJWKHFULWLFDOVHFWLRQVOLVWHG

LQ7DEOHDUHVHLVPLF&DWHJRU\\,

DQGDUHGHVLJQHGDQGFRQVWUXFWHGWR

ZLWKVWDQGGHVLJQEDVLVORDGVDV

VSHFLILHGLQWKH'HVLJQ'HVFULSWLRQ

ZLWKRXWORVVRIVWUXFWXUDOLQWHJULW\\

DQGWKHVDIHW\\UHODWHGIXQFWLRQV

LL $QLQVSHFWLRQRIWKH

DVEXLOWFRQFUHWHWKLFNQHVVZLOO

EHSHUIRUPHG

LLE $UHSRUWH[LVWVWKDW

FRQFOXGHVWKDWWKHDVEXLOW

FRQFUHWHWKLFNQHVVHVRIWKH

VKLHOGEXLOGLQJVHFWLRQV

FRQIRUPWRWKHEXLOGLQJ

VHFWLRQVGHILQHGLQ

7DEOH



DLLF

1RWXVHGSHU$PHQGPHQW1R>;;;@

D 7KHQXFOHDULVODQGVWUXFWXUHV

LQFOXGLQJWKHFULWLFDOVHFWLRQVOLVWHG

LQ7DEOHDUHVHLVPLF&DWHJRU\\,

DQGDUHGHVLJQHGDQGFRQVWUXFWHGWR

ZLWKVWDQGGHVLJQEDVLVORDGVDV

VSHFLILHGLQWKH'HVLJQ'HVFULSWLRQ

ZLWKRXWORVVRIVWUXFWXUDOLQWHJULW\\

DQGWKHVDIHW\\UHODWHGIXQFWLRQV

LL $QLQVSHFWLRQRIWKH

DVEXLOWFRQFUHWHWKLFNQHVVZLOO

EHSHUIRUPHG

LLF $UHSRUWH[LVWVWKDW

FRQFOXGHVWKDWDVEXLOW

FRQFUHWHWKLFNQHVVHVRIWKH

QRQUDGLRORJLFDOO\\FRQWUROOHG

DUHDRIWKHDX[LOLDU\\

EXLOGLQJVHFWLRQVFRQIRUPWR

WKHEXLOGLQJVHFWLRQVGHILQHG

LQ7DEOH



DLLG

1RWXVHGSHU$PHQGPHQW1R>;;;@

D 7KHQXFOHDULVODQGVWUXFWXUHV

LQFOXGLQJWKHFULWLFDOVHFWLRQVOLVWHG

LQ7DEOHDUHVHLVPLF&DWHJRU\\,

DQGDUHGHVLJQHGDQGFRQVWUXFWHGWR

ZLWKVWDQGGHVLJQEDVLVORDGVDV

VSHFLILHGLQWKH'HVLJQ'HVFULSWLRQ

ZLWKRXWORVVRIVWUXFWXUDOLQWHJULW\\

DQGWKHVDIHW\\UHODWHGIXQFWLRQV

LL $QLQVSHFWLRQRIWKH

DVEXLOWFRQFUHWHWKLFNQHVVZLOO

EHSHUIRUPHG

LLG $UHSRUWH[LVWVWKDW

FRQFOXGHVWKDWWKHDVEXLOW

FRQFUHWHWKLFNQHVVHVRIWKH

UDGLRORJLFDOO\\FRQWUROOHG

DUHDRIWKHDX[LOLDU\\

EXLOGLQJVHFWLRQVFRQIRUPWR

WKHEXLOGLQJVHFWLRQVGHILQHG

LQ7DEOH

DR GSHU$PHQGPHQW1R

GSHU$PHQGPHQW

D XFOHDULVODQGVWUX XFOHDULVODQGVWU D

FULWLFDOVHFW FULWLFDOVHFW D

UH

UHVHLV VHLV DRAFT IW IW WKLFNQ WKLFN T

G

G

A

@
@

A WXUHV

A RQVOLVWHG

RA PLF&DWHJRU\\,

PLF&DWHJR RA GFRQVWUXFWHGWR

GFRQVWUXFWHG RA EDVLVORDGVDV

DVLVORDGVDV

RA

'HVLJQ'HVFULSWLRQ

Q'HVFULSWLRQ

DR RIVWUX RIVWUXFWXUDOLQWHJULW\\

FWXUDOLQWH DR DIHW\\UHODWHGIXQFWLRQV

DIHW\\UHODWHGIXQFWLRQV

DR LL $QLQVSHFWLRQ

LL $QLQVSHFWLR AF DVEXLOWFRQFUH DVEXLOWFRQFUH AF EHSHUIRUPH EHSHUIRUPH RAAF RA DR

1'

(QFORVXUH

3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$55 

3DJHRI





7DEOH

,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD

1R

,7$$&1R

'HVLJQ&RPPLWPHQW

,QVSHFWLRQV7HVWV$QDO\\VHV

$FFHSWDQFH&ULWHULD



DLLH

D 7KHQXFOHDULVODQGVWUXFWXUHV

LQFOXGLQJWKHFULWLFDOVHFWLRQVOLVWHG

LQ7DEOHDUHVHLVPLF&DWHJRU\\,

DQGDUHGHVLJQHGDQGFRQVWUXFWHGWR

ZLWKVWDQGGHVLJQEDVLVORDGVDV

VSHFLILHGLQWKH'HVLJQ'HVFULSWLRQ

ZLWKRXWORVVRIVWUXFWXUDOLQWHJULW\\

DQGWKHVDIHW\\UHODWHGIXQFWLRQV

D :DOOVDQGIORRUVRIWKHDQQH[

EXLOGLQJDVGHILQHGRQ7DEOH

H[FHSWIRUGHVLJQHGRSHQLQJVRU

SHQHWUDWLRQVSURYLGHVKLHOGLQJ

GXULQJQRUPDORSHUDWLRQV



LL $QLQVSHFWLRQRIWKH

DVEXLOWFRQFUHWHWKLFNQHVVZLOO

EHSHUIRUPHG

LLH $UHSRUWH[LVWVWKDW

FRQFOXGHVWKDWWKHDVEXLOW

FRQFUHWHWKLFNQHVVHVRIWKH

DQQH[EXLOGLQJVHFWLRQV

FRQIRUPZLWKWKHEXLOGLQJ

VHFWLRQVGHILQHGLQ

7DEOHH[FHSWIRU

GHVLJQHGRSHQLQJVRU

SHQHWUDWLRQVRUWKHUHSRUW

GRFXPHQWVDQHYDOXDWLRQRI

WKLFNQHVVGHYLDWLRQV

LGHQWLILHGGXULQJ

FRQVWUXFWLRQDQG

GHPRQVWUDWHVWKDWWKHDV

EXLOWVWUXFWXUHVZLOO

ZLWKVWDQGWKHGHVLJQEDVLV

ORDGVZLWKRXWORVVRI

VWUXFWXUDOLQWHJULW\\DQGWKDW

WKHUHLVQRORVVRIWKH

VKLHOGLQJIXQFWLRQZLWKRXW

LPSDFWLQJHVWDEOLVKHG

UDGLRORJLFDO]RQLQJDQG

HTXLSPHQWTXDOLILFDWLRQ



DLLI

D 7KHQXFOHDULVODQGVWUXFWXUHV

LQFOXGLQJWKHFULWLFDOVHFWLRQVOLVWHG

LQ7DEOHDUHVHLVPLF&DWHJRU\\,

DQGDUHGHVLJQHGDQGFRQVWUXFWHGWR

ZLWKVWDQGGHVLJQEDVLVORDGVDV

VSHFLILHGLQWKH'HVLJQ'HVFULSWLRQ

ZLWKRXWORVVRIVWUXFWXUDOLQWHJULW\\

DQGWKHVDIHW\\UHODWHGIXQFWLRQV

LL $QLQVSHFWLRQRIWKH

DVEXLOWFRQFUHWHWKLFNQHVVZLOO

EHSHUIRUPHG

LLI $UHSRUWH[LVWVWKDW

FRQFOXGHVWKDWWKHDVEXLOW

FRQFUHWHWKLFNQHVVHVRIWKH

WXUELQHEXLOGLQJVHFWLRQV

FRQIRUPWRWKHEXLOGLQJ

VHFWLRQVGHILQHGLQ

7DEOHH[FHSWIRU

GHVLJQHGRSHQLQJVRU

SHQHWUDWLRQVRUWKHUHSRUW

GRFXPHQWVDQHYDOXDWLRQRI

WKLFNQHVVGHYLDWLRQV

LGHQWLILHGGXULQJ

FRQVWUXFWLRQDQG

GHPRQVWUDWHVWKDWWKHDV

EXLOWVWUXFWXUHVZLOO

ZLWKVWDQGWKHGHVLJQEDVLV

ORDGVZLWKRXWORVVRI

VWUXFWXUDOLQWHJULW\\

  

DRAFT RA DQGVWUXFWXUHV

DQGVWUXFWXUH WLFDOVHFWLRQVOLVWHG

DOVHFWLRQVOLVWHG

DUHVHLVPLF&DWHJRU\\,

VHLVPLF&D VLJQHGDQGFRQVWUXFWHGWR

VLJQHGDQGFRQVWUXFW QGGHVLJQEDVLVORDGVDV

QGGHVLJQEDVLVORDGVDV

GLQWKH'H GLQWK VLJQ'HVFULSW

'HV VVRIVWUX VVRIV FWXUDOLQW UDOL

\\UHODWHGIXQ

\\UHODWHGIXQ LL $

LL 

DV DV RA RA RA RA

1'

(QFORVXUH

3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$55 

3DJHRI





7DEOH

,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD

1R

,7$$&1R

'HVLJQ&RPPLWPHQW

,QVSHFWLRQV7HVWV$QDO\\VHV

$FFHSWDQFH&ULWHULD



D

1RWXVHGSHU$PHQGPHQW1R>;;;@

:DOOVDQGIORRUVRIWKHQXFOHDU

LVODQGVWUXFWXUHVDVGHILQHGRQ

7DEOHH[FHSWIRUGHVLJQHG

RSHQLQJVRUSHQHWUDWLRQVSURYLGH

VKLHOGLQJGXULQJQRUPDORSHUDWLRQV

,QVSHFWLRQRIWKHDVEXLOW

QXFOHDULVODQGVWUXFWXUHVZDOO

DQGIORRUWKLFNQHVVHVZLOOEH

SHUIRUPHG

D $UHSRUWH[LVWVDQG

FRQFOXGHVWKDWWKHVKLHOG

ZDOOVDQGIORRUVRIWKH

FRQWDLQPHQWLQWHUQDO

VWUXFWXUHVDVGHILQHGLQ

7DEOHH[FHSWIRU

GHVLJQHGRSHQLQJVRU

SHQHWUDWLRQVDUHFRQVLVWHQW

ZLWKWKHFRQFUHWHZDOO

WKLFNQHVVHVSURYLGHGLQ

7DEOH



E

1RWXVHGSHU$PHQGPHQW1R>;;;@

:DOOVDQGIORRUVRIWKHQXFOHDU

LVODQGVWUXFWXUHVDVGHILQHGRQ

7DEOHH[FHSWIRUGHVLJQHG

RSHQLQJVRUSHQHWUDWLRQVSURYLGH

VKLHOGLQJGXULQJQRUPDORSHUDWLRQV

,QVSHFWLRQRIWKHDVEXLOW

QXFOHDULVODQGVWUXFWXUHVZDOO

DQGIORRUWKLFNQHVVHVZLOOEH

SHUIRUPHG

E $UHSRUWH[LVWVDQG

FRQFOXGHVWKDWWKHVKLHOG

ZDOOVRIWKHVKLHOGEXLOGLQJ

VWUXFWXUHVDVGHILQHGLQ

7DEOHH[FHSWIRU

GHVLJQHGRSHQLQJVRU

SHQHWUDWLRQVDUHFRQVLVWHQW

ZLWKWKHFRQFUHWHZDOO

WKLFNQHVVHVSURYLGHGLQ

7DEOH



F

1RWXVHGSHU$PHQGPHQW1R>;;;@

:DOOVDQGIORRUVRIWKHQXFOHDU

LVODQGVWUXFWXUHVDVGHILQHGRQ

7DEOHH[FHSWIRUGHVLJQHG

RSHQLQJVRUSHQHWUDWLRQVSURYLGH

VKLHOGLQJGXULQJQRUPDORSHUDWLRQV

,QVSHFWLRQRIWKHDVEXLOW

QXFOHDULVODQGVWUXFWXUHVZDOO

DQGIORRUWKLFNQHVVHVZLOOEH

SHUIRUPHG

F $UHSRUWH[LVWVDQG

FRQFOXGHVWKDWWKHVKLHOG

ZDOOVDQGIORRUVRIWKH

QRQUDGLRORJLFDOO\\FRQWUROOHG

DUHDRIWKHDX[LOLDU\\

EXLOGLQJDVGHILQHGLQ

7DEOHH[FHSWIRU

GHVLJQHGRSHQLQJVRU

SHQHWUDWLRQVDUHFRQVLVWHQW

ZLWKWKHFRQFUHWHZDOO

WKLFNQHVVHVSURYLGHGLQ

7DEOH



G

1RWXVHGSHU$PHQGPHQW1R>;;;@

:DOOVDQGIORRUVRIWKHQXFOHDU

LVODQGVWUXFWXUHVDVGHILQHGRQ

7DEOHH[FHSWIRUGHVLJQHG

RSHQLQJVRUSHQHWUDWLRQVSURYLGH

VKLHOGLQJGXULQJQRUPDORSHUDWLRQV

,QVSHFWLRQRIWKHDVEXLOW

QXFOHDULVODQGVWUXFWXUHVZDOO

DQGIORRUWKLFNQHVVHVZLOOEH

SHUIRUPHG

G $UHSRUWH[LVWVDQG

FRQFOXGHVWKDWWKHVKLHOG

ZDOOVDQGIORRUVRIWKH

UDGLRORJLFDOO\\FRQWUROOHG

DUHDRIWKHDX[LOLDU\\

EXLOGLQJDVGHILQHGLQ

7DEOHH[FHSWIRU

GHVLJQHGRSHQLQJVRU

SHQHWUDWLRQVDUHFRQVLVWHQW

ZLWKWKHFRQFUHWHZDOO

WKLFNQHVVHVSURYLGHGLQ

7DEOH

DRAFT WKHDVEXLOW

WKHDV T

DQGVWUXFWXUHVZDO DQGVWUXFWX T

UWKLFNQHVVHVZLOOEH

UWKLFNQHVVHVZLO FT RUPHG

RUPHG FTT RA QW1R>;;;@

QW1R>;;

RA IWKHQXFOHDU

IWKHQXFOHDU RA VGHILQHGRQ

GHILQHGRQ

RA HSWIRUGHVLJQHG

UGHVLJQHG

DR SHQHWUDWLRQVSURYLGH

SHQHWUDWLRQVSURY DR GXULQJQRUPDORSHUDWLRQV GXULQJQRUPDORSHUDWLR DR

,QVSHFWLR

,Q RA QXFOHD QX RA DQG DQG RA RA RA RA RA

1'

(QFORVXUH

3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$55 

3DJHRI





7DEOH

,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD

1R

,7$$&1R

'HVLJQ&RPPLWPHQW

,QVSHFWLRQV7HVWV$QDO\\VHV

$FFHSWDQFH&ULWHULD



D

1RWXVHGSHU$PHQGPHQW1R>;;;@

D :DOOVDQGIORRUVRIWKHDQQH[

EXLOGLQJDVGHILQHGRQ7DEOH

H[FHSWIRUGHVLJQHGRSHQLQJVRU

SHQHWUDWLRQVSURYLGHVKLHOGLQJ

GXULQJQRUPDORSHUDWLRQV

,QVSHFWLRQRIWKHDVEXLOW

DQQH[EXLOGLQJZDOODQGIORRU

WKLFNQHVVHVZLOOEHSHUIRUPHG

$UHSRUWH[LVWVDQG

FRQFOXGHVWKDWWKHVKLHOG

ZDOOVDQGIORRUVRIWKHDQQH[

EXLOGLQJDVGHILQHGRQ

7DEOHH[FHSWIRU

GHVLJQHGRSHQLQJVRU

SHQHWUDWLRQVDUHFRQVLVWHQW

ZLWKWKHPLQLPXPFRQFUHWH

ZDOOWKLFNQHVVHVSURYLGHGLQ

7DEOH



E

E :DOOVRIWKHZDVWHDFFXPXODWLRQ

URRPLQWKHUDGZDVWHEXLOGLQJH[FHSW

IRUGHVLJQHGRSHQLQJVRUSHQHWUDWLRQV

SURYLGHVKLHOGLQJGXULQJQRUPDO

RSHUDWLRQV

,QVSHFWLRQRIWKHDVEXLOW

UDGZDVWHEXLOGLQJZDOO

WKLFNQHVVHVZLOOEHSHUIRUPHG

$UHSRUWH[LVWVDQGFRQFOXGHV

WKDWWKHVKLHOGZDOOVRIWKH

ZDVWHDFFXPXODWLRQURRPLQ

WKHUDGZDVWHEXLOGLQJH[FHSW

IRUGHVLJQHGRSHQLQJVRU

SHQHWUDWLRQVDUHFRQVLVWHQW

ZLWKWKHPLQLPXPFRQFUHWH

ZDOOWKLFNQHVVHVRI

DQGD

PLQLPXPFRQFUHWHZDOO

WKLFNQHVVRI

QHDUWKH

UDGZDVWHEXQNHUVRUWKH

UHSRUWGRFXPHQWVDQ

HYDOXDWLRQRIWKLFNQHVV

GHYLDWLRQVLGHQWLILHGGXULQJ

FRQVWUXFWLRQDQG

GHPRQVWUDWHVWKHUHLVQRORVV

RIWKHVKLHOGLQJ

IXQFWLRQLPSDFWWR

HVWDEOLVKHGUDGLRORJLFDO

]RQLQJDQGHTXLSPHQW

TXDOLILFDWLRQ

  

DRAFT DVEXLOW

DVEX GLQJZDOO

GLQJZ VZLOOEHSHUIRUPHG

ZLOOEHSHUI T

RA D



6RXWKHUQ1XFOHDU2SHUDWLQJ&RPSDQ\\

1'

(QFORVXUH

9RJWOH(OHFWULF*HQHUDWLQJ3ODQW 9(*3 8QLWVDQG

5HVSRQVHWR'UDIW5HTXHVWIRU$GGLWLRQDO

,QIRUPDWLRQ /$55 





































(QFORVXUHFRQVLVWVRISDJHVLQFOXGLQJWKLVFRYHUSDJH

DRAFT QW 9(*3 8QLWVDQG QW 9(*3 8QLWV

UDIW5HTXHVWIRU$GGL UDIW5HTXHVWIRU DWLRQ

LRQ /$55

/$55

1'

(QFORVXUH

3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$55 



3DJHRI





5HVSRQVHWR'UDIW5HTXHVWVIRU$GGLWLRQDO,QIRUPDWLRQ



7KH15&LVVXHGWKUHH'5$)75HTXHVWVIRU$GGLWLRQDO,QIRUPDWLRQ 5$,V UHODWHGWR6RXWKHUQ1XFOHDU

2SHUDWLQJ&RPSDQ\\¶V 61&¶V /LFHQVH$PHQGPHQW5HTXHVW /$5 7KH5$,VZHUHLVVXHG

RQ-XO\\$XJXVWDQG6HSWHPEHUDQGZHUHLQGLYLGXDOO\\GLVFXVVHGGXULQJSXEOLF

PHHWLQJVRQ-XO\\$XJXVWDQG6HSWHPEHU



7KH5$,VDUHFRSLHGLQWKHLUHQWLUHW\\IROORZHGE\\61&¶VUHVSRQVHWRWKHUHTXHVWHGFODULILFDWLRQDQG

TXHVWLRQV



'5$)7



5HTXHVWIRU$GGLWLRQDO,QIRUPDWLRQ

9RJWOH1XFOHDU6LWH8QLWVDQG'RFNHWVDQG

6RXWKHUQ1XFOHDU2SHUDWLQJ&R

'RFNHW1RVDQG

6HFWLRQ5DGLDWLRQ3URWHFWLRQ,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD

$SSOLFDWLRQ6HFWLRQ7LHU

>-XO\\@



%DFNJURXQG



,Q/$5WKHOLFHQVHHUHTXHVWVFKDQJHVWR&2/$SSHQGL[&DQG7LHU7DEOH

'HILQLWLRQRI:DOO7KLFNQHVVHVIRU1XFOHDU,VODQG%XLOGLQJV7XUELQH%XLOGLQJDQG$QQH[

%XLOGLQJDQG7DEOH,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD7KH

SURSRVHGFKDQJHVLQFOXGHWKHDOORZDQFHRIFRQVWUXFWLRQGHYLDWLRQVIURPWKHWKLFNQHVVHVRI

UDGLDWLRQVKLHOGLQJEDUULHUVLQWKHQXFOHDULVODQGVWUXFWXUHVDQGDQQH[EXLOGLQJLIWKHFKDQJHV

FDQEHPDGHZLWKRXWDORVVRIVKLHOGLQJIXQFWLRQ



,VVXH



7KHSURSRVHGZRUGLQJLQ7DEOH)RRWQRWHVDQGDQGWKH7DEOH,7$$&

DFFHSWDQFHFULWHULDIRU,7$$&DLDDLEDLFDLG

DLLHDQGEDUHQRWFOHDU 7KHSURSRVHGODQJXDJHGRHVQRWVSHFLI\\LIWKH

UDGLDWLRQDWWHQXDWLRQIDFWRULVUHGXFHG RURWKHUZLVHFODULI\\ZKHWKHUDQDFFHSWDEOHOHYHORI

UDGLDWLRQDWWHQXDWLRQLVUHWDLQHG 6SHFLILFDOO\\LWLVXQFOHDUWRWKHVWDIIZKDWDPRXQWRIUDGLDWLRQ

VKLHOGLQJUHGXFWLRQ DQGUHVXOWLQJUDGLDWLRQDWWHQXDWLRQORVV FDQEHPDGHZLWKRXWEHLQJ

FRQVLGHUHGDORVVLQUDGLDWLRQVKLHOGLQJIXQFWLRQ,QDGGLWLRQWKHUDGLRORJLFDOGRVHLPSDFWVDQG

FRQVHTXHQFHVRIFKDQJHVLQUDGLDWLRQEDUULHUWKLFNQHVVYDU\\EDVHGRQWKHUDGLDWLRQVRXUFHDQG

WKHGRVHUHGXFWLRQQHHGVRQWKHRWKHUVLGHRIWKHEDUULHU7KHVWDIILVFRQFHUQHGWKDWWKHFXUUHQW

ODQJXDJHZLOODOORZUHGXFWLRQVLQUDGLDWLRQDWWHQXDWLRQWKDWPD\\QRWEHDFFHSWDEOHZLWKRXW

DGGLQJFRQFUHWHGHQVLW\\RUE\\DGGLQJDQDGGLWLRQDOVKLHOGLQJPDWHULDOWRWKHZDOO







DRAFT DWLRQ

DWLRQ

DQG



DWLQJ&R

DWLQJ&R

QG

QG

QV7HVWV$Q QV7HVWV

DO\\VHVDQ VD HFWLRQ7LHU

FWLRQ7LHU

\\@

@

VWVFKDQJHVWR&2/$SS WVFKDQJHVWR&2/$SS RU1XFOHDU,VODQG%XLOGL RU1XFOHDU,VODQG

VSHFWLRQV7HVWV$QDO\\

VSHFWLRQV7HVWV$QD KHDOORZDQFHRIFRQVWU DOORZDQFHRIFRQVWU UVLQWKHQXFOHDULVODQG

VLQWKHQXFOHDULVODQG

DORVVRIVKLHOGLQJIXQF DORVVRIVKLHOGLQJ

7DEOH

7DEOH

&

&

1'

(QFORVXUH

3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$55 



3DJHRI





&ODULILFDWLRQ



3OHDVHFODULI\\RUUHYLVHDVDSSURSULDWHWKH7DEOH)RRWQRWHVDQGDQGWKH

DFFHSWDQFHFULWHULDIRU,7$$&DLDDLEDLFDLG

DLLHDQGELQ7DEOHWRSURYLGHDFULWHULDZKLFKHQVXUHVWKDWUDGLDWLRQ

DWWHQXDWLRQUHPDLQVDSSURSULDWHDQGWKHIDFLOLW\\KDVEHHQFRQVWUXFWHGDQGZLOOEHRSHUDWHGLQ

DFFRUGDQFHZLWKWKHGHVLJQDQGWKHUHOHYDQWUHTXLUHPHQWV



5HJXODWRU\\%DVLV



&)5$SSHQGL[$*HQHUDO'HVLJQ&ULWHULD *'& UHTXLUHVWKDWWKHIXHOVWRUDJHDQG

KDQGOLQJUDGLRDFWLYHZDVWHDQGRWKHUV\\VWHPVZKLFKPD\\FRQWDLQUDGLRDFWLYLW\\VKDOOEH

GHVLJQHGWRDVVXUHDGHTXDWHVDIHW\\XQGHUQRUPDODQGSRVWXODWHGDFFLGHQWFRQGLWLRQV7KHVH

V\\VWHPVVKDOOEHGHVLJQHG  ZLWKDFDSDELOLW\\WRSHUPLWDSSURSULDWHSHULRGLFLQVSHFWLRQDQG

WHVWLQJRIFRPSRQHQWVLPSRUWDQWWRVDIHW\\  ZLWKVXLWDEOHVKLHOGLQJIRUUDGLDWLRQSURWHFWLRQDQG

 ZLWKDSSURSULDWHFRQWDLQPHQWFRQILQHPHQWDQGILOWHULQJV\\VWHPV

&)5 D UHTXLUHVWKDWWKHDSSOLFDWLRQPXVWFRQWDLQWKHSURSRVHGLQVSHFWLRQVWHVWVDQG

DQDO\\VHVWKDWWKHOLFHQVHHVKDOOSHUIRUPDQGWKHDFFHSWDQFHFULWHULDWKDWDUHQHFHVVDU\\DQG

VXIILFLHQWWRSURYLGHUHDVRQDEOHDVVXUDQFHWKDWLIWKHLQVSHFWLRQVWHVWVDQGDQDO\\VHVDUH

SHUIRUPHGDQGWKHDFFHSWDQFHFULWHULDPHWWKHIDFLOLW\\KDVEHHQFRQVWUXFWHGDQGZLOOEH

RSHUDWHGLQFRQIRUPLW\\ZLWKWKHFRPELQHGOLFHQVHWKHSURYLVLRQVRIWKH$FWDQGWKH

&RPPLVVLRQ VUXOHVDQGUHJXODWLRQV



'5$)7

5HTXHVWIRU$GGLWLRQDO,QIRUPDWLRQ

9RJWOH1XFOHDU6LWH8QLWVDQG'RFNHWVDQG

6RXWKHUQ1XFOHDU2SHUDWLQJ&R

'RFNHW1RVDQG

6HFWLRQ5DGLDWLRQ3URWHFWLRQ,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD

$SSOLFDWLRQ6HFWLRQ7LHU

>$XJXVW@



%DFNJURXQG



,Q/$5WKHOLFHQVHHUHTXHVWVFKDQJHVWR&2/$SSHQGL[&DQG7LHU7DEOH

'HILQLWLRQRI:DOO7KLFNQHVVHVIRU1XFOHDU,VODQG%XLOGLQJV7XUELQH%XLOGLQJDQG$QQH[

%XLOGLQJDQG7DEOH,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD7KH

SURSRVHGFKDQJHVLQFOXGHWKHDOORZDQFHRIFRQVWUXFWLRQGHYLDWLRQVIURPWKHWKLFNQHVVHVRI

UDGLDWLRQVKLHOGLQJEDUULHUVDQGWKHVWUXFWXUDOZDOOWKLFNQHVVLQWKHQXFOHDULVODQGVWUXFWXUHVDQG

DQQH[EXLOGLQJLIWKHFKDQJHVFDQEHPDGHZLWKRXWDORVVRIVKLHOGLQJIXQFWLRQDQGWKH

VWUXFWXUHVZLOOZLWKVWDQGGHVLJQEDVHVORDGVZLWKRXWORVVRIVWUXFWXUDOLQWHJULW\\RUVDIHW\\UHODWHG

IXQFWLRQ





DRAFT G

GD RSULDWHS SULDW VKL VKLHOGLQJIRUUD HOGLQ QJV\\

QJV\\VWHPV

WHPV FRQWDLQWKH FRQWD SURSRVHGLQ RVHG

DFFHSWDQFHF DFFHSWDQFH ULWHULDWKD K

WLIWKHLQVSHFW KHLQVSHF LRQVWHV WKHIDFLOLW\\KDVEHHQFR WKHIDFLOLW\\KDV

OLFHQVHWKHSURYLVLRQV FHQVHWKHSURYLVLR RA

'5$)7

$)7 5HTXHVWIRU$GGLWLRQ 5HTXHVWIRU$GGLWLRQ FOHDU6LWH8QLWVDQG

FOHDU6LWH8QLWVDQG

6RXWKHUQ1XF 6RXWKHUQ

'RFNHW1RV

'RFNHW1RV 5DGLDWLRQ3URWHFWLRQ 5DGLDWLRQ3URWHF

$S

1'

(QFORVXUH

3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$55 



3DJHRI





,VVXH



7KHSURSRVHGZRUGLQJLQ7DEOH)RRWQRWHVDQGDQGWKH7DEOH,7$$&

DFFHSWDQFHFULWHULDIRU,7$$&DLDDLEDLFDLG

DLLHDLLIDQGEGRQRWSURYLGHWKHFODULW\\QHHGHGWRDVVXUHWKDW

WKHSURSRVHGFKDQJHVDUHGHVLJQHGDQGLPSOHPHQWHGFRQVLVWHQWO\\$VFXUUHQWO\\SURSRVHGWKH

FULWHULDIRU³ORVVRIVKLHOGLQJIXQFWLRQ'DUHXQFOHDUZLWKUHJDUGVWRUDGLDWLRQVKLHOGLQJIXQFWLRQDOLW\\

DQGDJJUHJDWHLPSDFWV HJRFFXSDWLRQDOGRVHSXEOLFGRVHHQYLURQPHQWDOTXDOLILFDWLRQ66&

GHJUDGDWLRQFRQWUROURRPGRVHYLWDODUHDGRVHVDQGDVDSSOLFDEOHHTXLSPHQWVXUYLYDELOLW\\ 

$GGLWLRQDOO\\WKHPHWKRGRORJLHVVKRXOGEHFRQVLVWHQWZLWKWKRVHXVHGLQWKHGHVLJQFHUWLILFDWLRQ

6LPLODUO\\IRUVWUXFWXUHVWKHFULWHULDWRDVVHVVWKHUHVXOWLQJVWUXFWXUDOLQWHJULW\\LVXQFOHDUDQGLWLV

LQGHWHUPLQDWHZKHWKHUWKHDSSOLFDQW¶VSURSRVDODFFRXQWVIRUWKHJOREDOLPSDFWVRIDOOSURSRVHG

FKDQJHVVRWKDWWKHFKDQJHVGRQRWUHVXOWLQDORVVRIVWUXFWXUDOLQWHJULW\\RUVDIHW\\UHODWHG

IXQFWLRQV



7KHIRRWQRWHVDQGDVVRFLDWHG,7$$&DFFHSWDQFHFULWHULDVKRXOGFOHDUO\\GHILQHWKHUDGLDWLRQ

VKLHOGLQJIXQFWLRQDOUHTXLUHPHQWVWREHPHWZKHQWKHOLFHQVHHGHYLDWHVIURPWKHWKLFNQHVVHV

DQGWROHUDQFHVWKDWDUHFXUUHQWO\\LQ7DEOH



)RUWKHVWUXFWXUDOUHFRQFLOLDWLRQRIFRQVWUXFWLRQGHYLDWLRQVPHQWLRQHGLQIRRWQRWHVDQG

RIWKH/$5HQFORVXUHWKHVWDIILVXQFOHDUDERXWWKHEDVHVXVHGWRMXVWLI\\GHYLDWLRQVIURPWKH

7LHUYDOXHVLQFOXGLQJGHWDLOVRQWKHHYDOXDWLRQPHWKRGDQGDFFHSWDQFHFULWHULD7KHVWDIIGLG

QRWILQGWKHVXSSRUWLQJLQIRUPDWLRQLQ7LHUWKDWSURYLGHVWKHPHWKRGRORJ\\WREHXVHGQRUGLG

WKHVWDIIILQGWKHDVVRFLDWHGDFFHSWDQFHFULWHULD



4XHVWLRQ



3OHDVHFODULI\\RUUHYLVHDVDSSURSULDWHWKH7DEOH)RRWQRWHVDQGDQGWKH

DFFHSWDQFHFULWHULDIRU,7$$&DLDDLEDLFDLG

DLLHDLLIDQGELQ7DEOHWRSURYLGHFULWHULDWKDWHQVXUHVWKDW

UDGLDWLRQVKLHOGLQJIXQFWLRQDQGVWUXFWXUDOLQWHJULW\\UHPDLQDSSURSULDWHDQGWKHIDFLOLW\\KDVEHHQ

FRQVWUXFWHGDQGZLOOEHRSHUDWHGLQDFFRUGDQFHZLWKWKHGHVLJQDQGDOOUHOHYDQWUHTXLUHPHQWV



5HJXODWRU\\%DVLV



&)53DUW$SSHQGL[$*HQHUDO'HVLJQ&ULWHULRQ *'& ³'HVLJQ%DVHVIRU3URWHFWLRQ

DJDLQVW1DWXUDO3KHQRPHQD'UHTXLUHVWKDW66&VLPSRUWDQWWRVDIHW\\VKDOOEHGHVLJQHGWR

ZLWKVWDQGWKHHIIHFWVRIQDWXUDOSKHQRPHQDVXFKDVHDUWKTXDNHVWRUQDGRHVKXUULFDQHVIORRGV

WVXQDPLDQGVHLFKHVZLWKRXWORVVRIFDSDELOLW\\WRSHUIRUPWKHLUVDIHW\\IXQFWLRQV



  • '&³(QYLURQPHQWDODQG'\\QDPLF(IIHFWV'HVLJQ%DVHV'UHTXLUHVWKDW66&VLPSRUWDQWWR

VDIHW\\VKDOOEHGHVLJQHGWRDFFRPPRGDWHWKHHIIHFWVRIDQGWREHFRPSDWLEOHZLWKWKH

HQYLURQPHQWDOFRQGLWLRQVDVVRFLDWHGZLWKQRUPDORSHUDWLRQPDLQWHQDQFHWHVWLQJDQG

SRVWXODWHGDFFLGHQWVLQFOXGLQJORVVRIFRRODQWDFFLGHQWV



DRAFT QWH QWH VKRXOGF VKRXOGFOHDUO\\GHILQ OHD LFHQVHHG LFHQV HYLDWHVIURP

DWHV

GHYLDWLRQVPHQWLRQHG

DWLRQVP DERXWWKHEDVHVXV DERXWWKHEDVHV HGW DOXDWLRQPHWKRGDQGD DWLRQPHWKRGDQGDF LHUWKDWSURYLGHVWKH KDWSURYLGHVWKH DQFHFULWHULD

QFHFULWHULD

VDSSURSULDWHWKH7DEOH VDSSURSULDWHWKH7DEOH

,7$$&DLD

,7$$&D

DLLIDQG

DLLIDQG

XQFWLRQDQGVWUXFWXUD XQFWLRQDQGVWUXF RSHUDWHGLQDF RSHUDWHGLQD

1'

(QFORVXUH

3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$55 



3DJHRI





  • '&UHTXLUHVWKDWWKHIXHOVWRUDJHDQGKDQGOLQJUDGLRDFWLYHZDVWHDQGRWKHUV\\VWHPV

ZKLFKPD\\FRQWDLQUDGLRDFWLYLW\\VKDOOEHGHVLJQHGWRDVVXUHDGHTXDWHVDIHW\\XQGHUQRUPDODQG

SRVWXODWHGDFFLGHQWFRQGLWLRQV7KHVHV\\VWHPVVKDOOEHGHVLJQHG  ZLWKDFDSDELOLW\\WRSHUPLW

DSSURSULDWHSHULRGLFLQVSHFWLRQDQGWHVWLQJRIFRPSRQHQWVLPSRUWDQWWRVDIHW\\  ZLWKVXLWDEOH

VKLHOGLQJIRUUDGLDWLRQSURWHFWLRQDQG  ZLWKDSSURSULDWHFRQWDLQPHQWFRQILQHPHQWDQG

ILOWHULQJV\\VWHPV



&)5 D UHTXLUHVWKDWWKHDSSOLFDWLRQPXVWFRQWDLQWKHSURSRVHGLQVSHFWLRQVWHVWVDQG

DQDO\\VHVWKDWWKHOLFHQVHHVKDOOSHUIRUPDQGWKHDFFHSWDQFHFULWHULDWKDWDUHQHFHVVDU\\DQGVXIILFLHQW

WRSURYLGHUHDVRQDEOHDVVXUDQFHWKDWLIWKHLQVSHFWLRQVWHVWVDQGDQDO\\VHVDUHSHUIRUPHGDQGWKH

DFFHSWDQFHFULWHULDPHWWKHIDFLOLW\\KDVEHHQFRQVWUXFWHGDQGZLOOEHRSHUDWHGLQFRQIRUPLW\\ZLWKWKH

FRPELQHGOLFHQVHWKHSURYLVLRQVRIWKH$FWDQGWKH&RPPLVVLRQ VUXOHVDQGUHJXODWLRQV



'UDIW5HTXHVWIRU$GGLWLRQDO,QIRUPDWLRQ

9RJWOH1XFOHDU6LWH8QLWVDQG'RFNHWVDQG

6RXWKHUQ1XFOHDU2SHUDWLQJ&R

'RFNHW1RVDQG

6HFWLRQ5DGLDWLRQ3URWHFWLRQ,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD

$SSOLFDWLRQ6HFWLRQ7LHU

6HSWHPEHU



%DFNJURXQG



,Q/$5WKHOLFHQVHHUHTXHVWVFKDQJHVWR&2/$SSHQGL[&DQG7LHU7DEOH

³'HILQLWLRQRI:DOO7KLFNQHVVHVIRU1XFOHDU,VODQG%XLOGLQJV7XUELQH%XLOGLQJDQG$QQH[

%XLOGLQJ'DQG7DEOH³,QVSHFWLRQV7HVWV$QDO\\VHVDQG$FFHSWDQFH&ULWHULD'7KH

SURSRVHGFKDQJHVLQFOXGHWKHDOORZDQFHRIFRQVWUXFWLRQGHYLDWLRQVIURPWKHWKLFNQHVVHVRI

UDGLDWLRQVKLHOGLQJEDUULHUVDQGWKHVWUXFWXUDOZDOOWKLFNQHVVLQWKHQXFOHDULVODQGVWUXFWXUHVDQG

DQQH[EXLOGLQJLIWKHFKDQJHV³FRQIRUPWRWKHDSSURYHGGHVLJQDQGZLOOZLWKVWDQGWKHGHVLJQ

EDVLVORDGVVSHFLILHGLQWKH'HVLJQ'HVFULSWLRQZLWKRXWORVVRIVWUXFWXUDOLQWHJULW\\RUWKHVDIHW\\

UHODWHGIXQFWLRQVDQGWKDWWKHUHLVQRORVVRIWKHVKLHOGLQJIXQFWLRQ'



,VVXH



$WWKLVWLPHWKHSURSRVHGFKDQJHVODFNFODULW\\UHJDUGLQJKRZQRQFRQIRUPDQFHVDQGGHYLDWLRQV

1 'V IURP7DEOHZLOOEHHYDOXDWHGWRHQVXUHWKHFKDQJHV³FRQIRUPWRWKHDSSURYHG

GHVLJQDQGZLOOZLWKVWDQGWKHGHVLJQEDVLVORDGVVSHFLILHGLQWKH'HVLJQ'HVFULSWLRQZLWKRXWORVV

RIVWUXFWXUDOLQWHJULW\\RUWKHVDIHW\\UHODWHGIXQFWLRQVDQGWKDWWKHUHLVQRORVVRIWKHVKLHOGLQJ

IXQFWLRQ'



4XHVWLRQ



3OHDVHFODULI\\WKDW1 'VIURPWKHWKLFNQHVVHVDQGWROHUDQFHVVSHFLILHGLQ7DEOH LHRXWRI

WROHUDQFHFRQGLWLRQV DUHDGGUHVVHGXQGHUWKH&)53DUW$SSHQGL[%SURFHVVDQG

VXEVHTXHQWO\\DUHVFUHHQHGLQDFFRUGDQFHZLWKWKH&)53DUW$SSHQGL['6HFWLRQ9,,,

DRAFTT QIRUPDWLRQ

QIRUPDWL HWVDQG

HWVD HUDWLQJ&R

HUDWLQ

DQG

DQG

WLRQV7HVWV$Q RQV7HVWV$ DO\\VHV

6HFWLRQ7LHU

RQ7LHU HPEHU

HPEHU

XHVWVFKDQJHVWR&2/$

XHVWVFKDQJHVWR&

VIRU1XFOHDU,VODQG%XL VIRU1XFOHDU,VODQG%

³,QVSHFWLRQV7HVWV$QD SHFWLRQV7HVWV$QD HWKHDOORZDQFHRIFRQ HWKHDOORZDQF ULHUVDQGWKHVWUXFWXUDO

ULHUVDQGWKHVWUXFWX HFKDQJHV³FRQIRUPWR

HFKDQJHV³FRQIRUPWR

LQWKH'HVLJQ'HVF LQWKH'HVLJQ'

KDWWKHUHLVQR

KDWWKHUHLVQR

1'

(QFORVXUH

3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$55 



3DJHRI





SURFHVVRUD&)5OLNHSURFHVVWRHQVXUHWKDWWKHOLFHQVLQJEDVLVLVDGHTXDWHO\\

PDLQWDLQHG3OHDVHSURYLGHUHYLVHGWH[WWRFODULI\\KRZWKHVHSURFHVVHVZLOOEHLPSOHPHQWHG



,QDGGLWLRQWKHODQJXDJHLQ9(*38)6$57LHU7DEOHDSSHDUVWRFRQIOLFWZLWKWKH

VWDWHGSXUSRVHVRIUDGLDWLRQVKLHOGLQJ IRUQRUPDORSHUDWLRQDQGSRVWDFFLGHQWFRQGLWLRQV DV

GHVFULEHGLQVHYHUDOVHFWLRQVRIWKH7LHU8)6$5DQGWKHUHVXOWLQJQXPHULFDOYDOXHVLQ7LHU

7DEOH3OHDVHSURYLGHUHYLVHG8)6$57LHUWH[WWRUHVROYHDQ\\GLVFUHSDQFLHVEHWZHHQ

WKHSURSRVHGFKDQJHVDQGWKHH[LVWLQJVWDWHPHQWVLQ8)6$57LHU7DEOH$FFHSWDQFH

&ULWHULDDQG8)6$57LHU



5HJXODWRU\\%DVLV



&)53DUW$SSHQGL[$*HQHUDO'HVLJQ&ULWHULRQ *'& ³'HVLJQ%DVHVIRU3URWHFWLRQ

DJDLQVW1DWXUDO3KHQRPHQD'UHTXLUHVWKDW66&VLPSRUWDQWWRVDIHW\\VKDOOEHGHVLJQHGWR

ZLWKVWDQGWKHHIIHFWVRIQDWXUDOSKHQRPHQDVXFKDVHDUWKTXDNHVWRUQDGRHVKXUULFDQHVIORRGV

WVXQDPLDQGVHLFKHVZLWKRXWORVVRIFDSDELOLW\\WRSHUIRUPWKHLUVDIHW\\IXQFWLRQV*'&IXUWKHU

UHTXLUHVWKDW³>W@KHGHVLJQEDVHVIRUWKHVHVWUXFWXUHVV\\VWHPVDQGFRPSRQHQWVVKDOOUHIOHFW  

$SSURSULDWHFRQVLGHUDWLRQRIWKHPRVWVHYHUHRIWKHQDWXUDOSKHQRPHQDWKDWKDYHEHHQ

KLVWRULFDOO\\UHSRUWHGIRUWKHVLWHDQGVXUURXQGLQJDUHDZLWKVXIILFLHQWPDUJLQIRUWKHOLPLWHG

DFFXUDF\\TXDQWLW\\DQGSHULRGRIWLPHLQZKLFKWKHKLVWRULFDOGDWDKDYHEHHQDFFXPXODWHG  

DSSURSULDWHFRPELQDWLRQVRIWKHHIIHFWVRIQRUPDODQGDFFLGHQWFRQGLWLRQVZLWKWKHHIIHFWVRIWKH

QDWXUDOSKHQRPHQDDQG  WKHLPSRUWDQFHRIWKHVDIHW\\IXQFWLRQWREHSHUIRUPHG'

&)53DUW$SSHQGL['6HFWLRQ9,,,³3URFHVVHVIRU&KDQJHVDQG'HSDUWXUHV'GHVFULEHV

WKHSURFHVVIRUFKDQJHVWRYDULRXV7LHUVRILQIRUPDWLRQLQ&2/VUHIHUHQFLQJ3DUW$SSHQGL[

'



  • '&³(QYLURQPHQWDODQG'\\QDPLF(IIHFWV'HVLJQ%DVHV'UHTXLUHVWKDWVWUXFWXUHVV\\VWHPV

DQGFRPSRQHQWVLPSRUWDQWWRVDIHW\\VKDOOEHGHVLJQHGWRDFFRPPRGDWHWKHHIIHFWVRIDQGWREH

FRPSDWLEOHZLWKWKHHQYLURQPHQWDOFRQGLWLRQVDVVRFLDWHGZLWKQRUPDORSHUDWLRQPDLQWHQDQFH

WHVWLQJDQGSRVWXODWHGDFFLGHQWVLQFOXGLQJORVVRIFRRODQWDFFLGHQWV7KHVHVWUXFWXUHV

V\\VWHPVDQGFRPSRQHQWVVKDOOEHDSSURSULDWHO\\SURWHFWHGDJDLQVWG\\QDPLFHIIHFWVLQFOXGLQJ

WKHHIIHFWVRIPLVVLOHVSLSHZKLSSLQJDQGGLVFKDUJLQJIOXLGVWKDWPD\\UHVXOWIURPHTXLSPHQW

IDLOXUHVDQGIURPHYHQWVDQGFRQGLWLRQVRXWVLGHWKHQXFOHDUSRZHUXQLW+RZHYHUG\\QDPLF

HIIHFWVDVVRFLDWHGZLWKSRVWXODWHGSLSHUXSWXUHVLQQXFOHDUSRZHUXQLWVPD\\EHH[FOXGHGIURP

WKHGHVLJQEDVLVZKHQDQDO\\VHVUHYLHZHGDQGDSSURYHGE\\WKH&RPPLVVLRQGHPRQVWUDWHWKDW

WKHSUREDELOLW\\RIIOXLGV\\VWHPSLSLQJUXSWXUHLVH[WUHPHO\\ORZXQGHUFRQGLWLRQVFRQVLVWHQWZLWK

WKHGHVLJQEDVLVIRUWKHSLSLQJ



  • '&³&RQWUROURRP'UHTXLUHVDFRQWUROURRPEHSURYLGHGIURPZKLFKDFWLRQVFDQEHWDNHQ

WRRSHUDWHWKHQXFOHDUSRZHUXQLWVDIHO\\XQGHUQRUPDOFRQGLWLRQVDQGWRPDLQWDLQLWLQDVDIH

FRQGLWLRQXQGHUDFFLGHQWFRQGLWLRQVLQFOXGLQJORVVRIFRRODQWDFFLGHQWV$GHTXDWHUDGLDWLRQ

SURWHFWLRQVKDOOEHSURYLGHGWRSHUPLWDFFHVVDQGRFFXSDQF\\RIWKHFRQWUROURRPXQGHUDFFLGHQW

FRQGLWLRQVZLWKRXWSHUVRQQHOUHFHLYLQJUDGLDWLRQH[SRVXUHVLQH[FHVVRIUHPZKROHERG\\RULWV

HTXLYDOHQWWRDQ\\SDUWRIWKHERG\\IRUWKHGXUDWLRQRIWKHDFFLGHQW(TXLSPHQWDWDSSURSULDWH

ORFDWLRQVRXWVLGHWKHFRQWUROURRPVKDOOEHSURYLGHG  ZLWKDGHVLJQFDSDELOLW\\IRUSURPSWKRW

VKXWGRZQRIWKHUHDFWRULQFOXGLQJQHFHVVDU\\LQVWUXPHQWDWLRQDQGFRQWUROVWRPDLQWDLQWKHXQLWLQ

DRAFT

'H VDI VDIHW\\VK H

XDNHVWRUQDGR XDNHVW PWKHL PWKHLUVDIHW\\IXQFWLR DIHW\\

V\\VWHPV V\\VWH

DQGFRPSRQH GFRP QDWXUDOSKH QDWXUDOSK QRPHQDWK QDWK DUHDZLWKV UHDZLWKVXIILFLHQWPD XII

WKHKLVWRULFDOGDWDKDY LVWRULFDO RUPDODQGDFFLGHQW

RUPDODQGDFFLG FRQ FHRIWKHVDIHW\\IXQFWLRQ RIWKHVDIHW\\IXQFWL 9,,,³3URFHVVHVIRU&KD 3URFHVVHVIRU&KD 7LHUVRILQIRUPDWLRQLQ&

7LHUVRILQIRUPDWLRQLQ&

'\\QDPLF(IIHFWV'HVLJ

\\QDPLF(IIHFWV'HVLJ QWWRVDIHW\\VKDOOEHGHV QWWRVDIHW\\VKDOOEHGHV YLURQPHQWDOFRQGLWLRQV

YLURQPHQWDOFRQGLW HGDFFLGHQWVLQFOXGLQJ HGDFFLGHQWVLQFOXGLQJ RQHQWVVKDOOEHDSSUR RQHQWVVKDOOEHD SLSHZKLSSLQJ

SLSHZKLSSLQJ DQGFRQGLW DQGFRQGLW XODWH XODWH

1'

(QFORVXUH

3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$55 



3DJHRI





DVDIHFRQGLWLRQGXULQJKRWVKXWGRZQDQG  ZLWKDSRWHQWLDOFDSDELOLW\\IRUVXEVHTXHQWFROG

VKXWGRZQRIWKHUHDFWRUWKURXJKWKHXVHRIVXLWDEOHSURFHGXUHV



  • '&³)XHOVWRUDJHDQGKDQGOLQJDQGUDGLRDFWLYLW\\FRQWURO'UHTXLUHVLQSDUWWKDWWKHIXHO

VWRUDJHDQGKDQGOLQJUDGLRDFWLYHZDVWHDQGRWKHUV\\VWHPVZKLFKPD\\FRQWDLQUDGLRDFWLYLW\\

VKDOOEHGHVLJQHGWRDVVXUHDGHTXDWHVDIHW\\XQGHUQRUPDODQGSRVWXODWHGDFFLGHQWFRQGLWLRQV

LQFOXGLQJVXLWDEOHVKLHOGLQJIRUUDGLDWLRQSURWHFWLRQ



&)5 D UHTXLUHVLQWKHUHOHYDQWSDUWWKDWWKHDSSOLFDWLRQPXVWFRQWDLQWKHSURSRVHG

LQVSHFWLRQVWHVWVDQGDQDO\\VHVWKDWWKHOLFHQVHHVKDOOSHUIRUPDQGWKHDFFHSWDQFHFULWHULDWKDW

DUHQHFHVVDU\\DQGVXIILFLHQWWRSURYLGHUHDVRQDEOHDVVXUDQFHWKDWLIWKHLQVSHFWLRQVWHVWVDQG

DQDO\\VHVDUHSHUIRUPHGDQGWKHDFFHSWDQFHFULWHULDPHWWKHIDFLOLW\\KDVEHHQFRQVWUXFWHGDQG

ZLOOEHRSHUDWHGLQFRQIRUPLW\\ZLWKWKHFRPELQHGOLFHQVHWKHSURYLVLRQVRIWKH$FWDQGWKH

&RPPLVVLRQ VUXOHVDQGUHJXODWLRQV



61&5HVSRQVHV

&ODULILFDWLRQ



3OHDVHFODULI\\RUUHYLVHDVDSSURSULDWHWKH7DEOH)RRWQRWHVDQGDQGWKH

DFFHSWDQFHFULWHULDIRU,7$$&DLDDLEDLFDLG

DLLHDQGELQ7DEOHWRSURYLGHDFULWHULDZKLFKHQVXUHVWKDWUDGLDWLRQ

DWWHQXDWLRQUHPDLQVDSSURSULDWHDQGWKHIDFLOLW\\KDVEHHQFRQVWUXFWHGDQGZLOOEHRSHUDWHGLQ

DFFRUGDQFHZLWKWKHGHVLJQDQGWKHUHOHYDQWUHTXLUHPHQWV



5HVSRQVH



61&LVUHYLVLQJWKHOLFHQVHDPHQGPHQWUHTXHVWHQFORVHGLQOHWWHU61&OHWWHUQXPEHU

1'GDWHG0DUFK $FFHVVLRQ1R0/$ 7KHUHYLVLRQSURYLGHV

FODULILFDWLRQVWRWKHSUHYLRXVO\\SURSRVHG,7$$&DFFHSWDQFHFULWHULDDQGWKHJHQHULFQRWHVWR

7DEOHWRSURYLGHDVVXUDQFHWKDWWKHIDFLOLW\\KDVEHHQFRQVWUXFWHGDQGZLOOEHRSHUDWHGLQ

DFFRUGDQFHZLWKWKHGHVLJQDQGWKHUHOHYDQWUHTXLUHPHQWV7KHUHYLVHG,7$$&VSHFLILHVWKDW

WKHDFFHSWDQFHFULWHULDIRU,7$$&DLDDLEDLFDLG

DLLHDQGELQ7DEOHLQFOXGHVWKHSKUDVH³ZLWKRXWLPSDFWLQJHVWDEOLVKHG

UDGLRORJLFDO]RQLQJDQGHTXLSPHQWTXDOLILFDWLRQ'

7KHUHYLVHGDFFHSWDQFHFULWHULDZLOOUHTXLUH61&WRGHPRQVWUDWHWKDWUDGLRORJLFDO]RQLQJDQG

HTXLSPHQWTXDOLILFDWLRQUHTXLUHPHQWVDUHPHWE\\HVWDEOLVKLQJDFFHSWDQFHFULWHULDWKDW

HQFRPSDVVHVUDGLDWLRQVKLHOGLQJIXQFWLRQDOLW\\DQGDJJUHJDWHLPSDFWV LHRFFXSDWLRQDODQG

SXEOLFGRVHHQYLURQPHQWDOTXDOLILFDWLRQ DQGLVFRQVLVWHQWZLWKWKH7LHUGHVLJQFULWHULD HJ

8)6$5VHFWLRQV³(VWLPDWHG5DGLDWLRQDQG&KHPLFDO(QYLURQPHQW''³5DGLDWLRQ

'RVH'DQG³6KLHOGLQJ'HVLJQ2EMHFWLYHV' 







DRAFT YLVLR YLVL T

VHV

VHV

F 7DEOH)RRW 7DEOH)RR QRWHV DLDDLE

DDLE

EOHWRSURYLGHDFU

WRSURYLGHDFU GWKHIDFLOLW\\KDVEHHQF GWKHIDFLOLW\\KDVEHHQF WKHUHOHYDQWUHTXLUHPH WKHUHOHYDQWUHTXL HQVHDPHQGPHQWUHTXH HQVHDPHQGPHQWUH 0DUFK $FFHV 0DUFK $FFHV UHYLRXVO\\SURSRVHG

UHYLRXVO\\SURSRV DVVXUDQFHWKDW DVVXUDQFHWKD QDQGWKH QDQGWKH

1'

(QFORVXUH

3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$55 



3DJHRI





4XHVWLRQ



3OHDVHFODULI\\RUUHYLVHDVDSSURSULDWHWKH7DEOH)RRWQRWHVDQGDQGWKH

DFFHSWDQFHFULWHULDIRU,7$$&DLDDLEDLFDLG

DLLHDLLIDQGELQ7DEOHWRSURYLGHFULWHULDWKDWHQVXUHVWKDW

UDGLDWLRQVKLHOGLQJIXQFWLRQDQGVWUXFWXUDOLQWHJULW\\UHPDLQDSSURSULDWHDQGWKHIDFLOLW\\KDVEHHQ

FRQVWUXFWHGDQGZLOOEHRSHUDWHGLQDFFRUGDQFHZLWKWKHGHVLJQDQGDOOUHOHYDQWUHTXLUHPHQWV



5HVSRQVH



$VQRWHGLQWKHUHVSRQVHWRWKHFODULILFDWLRQ DERYH 61&LVUHYLVLQJWKH,7$$&DFFHSWDQFH

FULWHULDWRGHPRQVWUDWHWKDWUDGLRORJLFDO]RQLQJDQGHTXLSPHQWTXDOLILFDWLRQUHTXLUHPHQWVDUH

PHWE\\HVWDEOLVKLQJ,7$$&DFFHSWDQFHFULWHULDWKDWHQFRPSDVVHVUDGLDWLRQVKLHOGLQJ

IXQFWLRQDOLW\\DQGDJJUHJDWHLPSDFWV LHRFFXSDWLRQDODQGSXEOLFGRVHHQYLURQPHQWDO

TXDOLILFDWLRQ DQGLVFRQVLVWHQWZLWKWKH7LHUGHVLJQFULWHULD HJ8)6$56XEVHFWLRQV

³(VWLPDWHG5DGLDWLRQDQG&KHPLFDO(QYLURQPHQW''³5DGLDWLRQ'RVH'DQG

³6KLHOGLQJ'HVLJQ2EMHFWLYHV' 



5HJDUGLQJWKHFULWHULDWRDVVHVVVWUXFWXUDOLQWHJULW\\WKHSURSRVHGFKDQJHVLQWKH/$5ZLOO

UHTXLUHIXWXUHVWUXFWXUDOGHYLDWLRQVEHHYDOXDWHGWRH[LVWLQJGHVLJQUHTXLUHPHQWVDQGZLOO

FRQWLQXHWRVDWLVI\\7LHUGHVLJQFULWHULD'HYLDWLRQVWKDWFRXOGSRWHQWLDOO\\DIIHFWWKHGHVLJQ

IXQFWLRQVRIVWUXFWXUDOEXLOGLQJVRUDOWHUFRPSOLDQFHZLWKDSSOLFDEOHGHVLJQFRGHVRUOLFHQVLQJ

EDVLVUHTXLUHPHQWVZLOOFRQWLQXHWREHHYDOXDWHGDQGGLVSRVLWLRQHGXQGHUWKH&)5

$SSHQGL['6HFWLRQ9,,,SURFHVVDVVXSSOHPHQWHGE\\/LFHQVH&RQGLWLRQ'  $VQRWHGLQ

WKHDPHQGPHQWUHTXHVWVWUXFWXUDOGHYLDWLRQVZLOOFRQWLQXHWRFRPSO\\ZLWKDSSOLFDEOHFRQFUHWH

DQGVWUXFWXUDOFRGHVDVGHILQHGLQWKHOLFHQVLQJEDVLV6SHFLILFDOO\\WKHUHTXLUHPHQWVWKDW

VHLVPLF&DWHJRU\\,DQG,,VWUXFWXUHVFRPSO\\ZLWKDSSOLFDEOHGHVLJQFRGHVLQFOXGLQJ$&,

DQG$16,$,6&1ZLOOFRQWLQXHWREHPHW6XSSOHPHQWDO7LHUUHTXLUHPHQWVGHVFULEHGLQ

8)6$56XEVHFWLRQ³6HLVPLF&DWHJRU\\,6WUXFWXUHV'8)6$56XEVHFWLRQ

6WUXFWXUDO&ULWHULDDQGWKHJXLGDQFHFRQWDLQHGLQ15&5HJXODWRU\\*XLGHV

DQGDVGLVFXVVHGLQ8)6$5$SSHQGL[$³&RQIRUPDQFHZLWK5HJXODWRU\\*XLGHVZLOODOVR

EHPHW



4XHVWLRQ



3OHDVHFODULI\\WKDW1 'VIURPWKHWKLFNQHVVHVDQGWROHUDQFHVVSHFLILHGLQ7DEOH LHRXWRI

WROHUDQFHFRQGLWLRQV DUHDGGUHVVHGXQGHUWKH&)53DUW$SSHQGL[%SURFHVVDQG

VXEVHTXHQWO\\DUHVFUHHQHGLQDFFRUGDQFHZLWKWKH&)53DUW$SSHQGL['6HFWLRQ9,,,

SURFHVVRUD&)5OLNHSURFHVVWRHQVXUHWKDWWKHOLFHQVLQJEDVLVLVDGHTXDWHO\\

PDLQWDLQHG3OHDVHSURYLGHUHYLVHGWH[WWRFODULI\\KRZWKHVHSURFHVVHVZLOOEHLPSOHPHQWHG



,QDGGLWLRQWKHODQJXDJHLQ9(*38)6$57LHU7DEOHDSSHDUVWRFRQIOLFWZLWKWKH

VWDWHGSXUSRVHVRIUDGLDWLRQVKLHOGLQJ IRUQRUPDORSHUDWLRQDQGSRVWDFFLGHQWFRQGLWLRQV DV

GHVFULEHGLQVHYHUDOVHFWLRQVRIWKH7LHU8)6$5DQGWKHUHVXOWLQJQXPHULFDOYDOXHVLQ7LHU

7DEOH3OHDVHSURYLGHUHYLVHG8)6$57LHUWH[WWRUHVROYHDQ\\GLVFUHSDQFLHVEHWZHHQ

WKHSURSRVHGFKDQJHVDQGWKHH[LVWLQJVWDWHPHQWVLQ8)6$57LHU7DEOH$FFHSWDQFH

DRAFT HV HVUD

U EOLFGRVH EOLFG D HJ8)6$5 D HJ

³5DGLD

³5DGLDWLRQ'RVH WLR W\\WKHSURS

\\WKHSURSRVHGFKDQJ RV HGWRH[LVWLQJG H[LVWLQJGHVLJQUHT YLDWLRQVWKDWFRX YLDWLRQVWKDWFRXOGSRWH RPSOLDQFHZLWKDSSO SOLDQFHZLWKDSSOLFDE LF HYDOXDWHGDQGGLVSRVLW DWHGDQGGLVSRVLW VVXSSOHPHQWHGE\\/LFH

VXSSOHPHQWHGE\\/LFH DOGHYLDWLRQVZLOOFRQWLQ DOGHYLDWLRQVZLOOF GLQWKHOLFHQVLQJEDVLV

GLQWKHOLFHQVLQJEDV XFWXUHVFRPSO\\ZLWKDS WXUHVFRPSO\\ZLWKDS ZLOOFRQWLQXHWREHPHW ZLOOFRQWLQXHWREHPHW

³6HLVPLF&DWHJ

³6HLVPLF&

DQGWKHJXLGDQFHFRQW DQGWKHJXLGDQFHFRQ VHGLQ8)6$5$SSH VHGLQ8)6$5$

1'

(QFORVXUH

3URSRVHG&KDQJHVWRWKH/LFHQVLQJ%DVLV'RFXPHQWV /$55 



3DJHRI





&ULWHULDDQG8)6$57LHU

5HVSRQVH



61&LVSURSRVLQJWRDGGDQDGGLWLRQDOQRWHWR&2/$SSHQGL[&7DEOHWRVSHFLI\\WKDW

QRQFRQIRUPDQFHVIURPWKHWKLFNQHVVHVDQGWROHUDQFHVVSHFLILHGLQ7DEOH LHRXWRI

WROHUDQFHFRQGLWLRQV ZLOOEHDGGUHVVHGXQGHUWKH&)53DUW$SSHQGL[%SURFHVVDQG

VXEVHTXHQWO\\DUHVFUHHQHGLQDFFRUGDQFHZLWKWKH&)53DUW$SSHQGL['6HFWLRQ9,,,

SURFHVVRUD&)5OLNHSURFHVVWRHQVXUHWKDWWKHOLFHQVLQJEDVLVLVDGHTXDWHO\\

PDLQWDLQHG7KHDGGLWLRQDOQRWHZLOODOVRVSHFLI\\WKDWFRQVWUXFWLRQGHYLDWLRQVZLOOEHFRQVLVWHQW

ZLWKWKHOLFHQVLQJEDVLVDQGZLOOEHDGGUHVVHGLQDFFRUGDQFHZLWKOLFHQVHHSURFHGXUHVDQG

UHJXODWRU\\UHTXLUHPHQWVDQGLIDSSOLFDEOHDOLFHQVHDPHQGPHQWZLOOEHREWDLQHGSULRUWR

LPSOHPHQWDWLRQRIWKHFKDQJH



5HJDUGLQJWKHFRQIOLFWZLWKWKHVWDWHGSXUSRVHVIRUUDGLDWLRQVKLHOGLQJ LHQRUPDORSHUDWLRQDQG

SRVWDFFLGHQWFRQGLWLRQV WKHSURSRVHGFKDQJHVLQWKH/$5ZLOOFRQWLQXHWRUHTXLUHWKDWDOO

QRQFRQIRUPDQFHVEHUHYLHZHGDQGHYDOXDWHGIRUDOOLPSDFWVWROLFHQVLQJEDVLVUHTXLUHPHQWV

)RUQRQFRQIRUPDQFH¶VLQZDOOWKLFNQHVVHVWKLVLQFOXGHVUHYLHZLQJDQGYHULI\\WKDWDOOUDGLDWLRQ

VKLHOGLQJUHTXLUHPHQWVLQWKH9(*3 8)6$5DUHPHWLQFOXGLQJQRUPDODQGSRVWDFFLGHQW

FRQGLWLRQV

DRAFT KLHOGLQJ L KLHOG 5ZLOOFRQWLQXHW 5ZLOOFRQ DFWVWROL DFWV

FHQVLQJEDV FHQVL HVUHYLHZLQJDQGYHULI\\

HVUHYLHZLQJDQGYH UHPHWLQFOXGLQJ

UHPHWLQFOX QRUPD UPD