ML18108A417: Difference between revisions

From kanterella
Jump to navigation Jump to search
(Created page by program invented by StriderTol)
 
(Created page by program invented by StriderTol)
Line 15: Line 15:


=Text=
=Text=
{{#Wiki_filter:}}
{{#Wiki_filter:Vogtle PEmails From:                            Hoellman, Jordan Sent:                            Wednesday, April 18, 2018 3:41 PM To:                              Vogtle PEmails
 
==Subject:==
SNC Responses to ICN/UIN Comment Status Sheet for 4/19 Public Meeting Attachments:                      UIN ICN comment status sheet April 19 SNC responses.pdf; pages from ML17279A084 LAR 17-036.pdf Attached are SNCs responses to the ICN/UIN Comment Status Sheet for discussion at the public meeting on April 19, 2018.
1
 
Hearing Identifier:    Vogtle_COL_Docs_Public Email Number:          260 Mail Envelope Properties    (SN6PR09MB26080094FCDD33E9636FFDD5D5B60)
 
==Subject:==
SNC Responses to ICN/UIN Comment Status Sheet for 4/19 Public Meeting Sent Date:            4/18/2018 3:41:17 PM Received Date:        4/18/2018 3:41:21 PM From:                  Hoellman, Jordan Created By:            Jordan.Hoellman2@nrc.gov Recipients:
"Vogtle PEmails" <Vogtle.PEmails@nrc.gov>
Tracking Status: None Post Office:          SN6PR09MB2608.namprd09.prod.outlook.com Files                        Size                    Date & Time MESSAGE                      142                    4/18/2018 3:41:21 PM UIN ICN comment status sheet April 19 SNC responses.pdf                    82310 pages from ML17279A084 LAR 17-036.pdf                      234840 Options Priority:                    Standard Return Notification:          No Reply Requested:              No Sensitivity:                  Normal Expiration Date:
Recipients Received:
 
VOGTLE ICN/UIN ISSUES TRACKING SHEET Date    ITEM #      ICN      TOPIC        ITAAC                  ISSUE                Licensee Comment UIN                    INDEX #
4/19        1        UIN    Class 1E cable 789 - 811  We would like to discuss SNCs separation                plan for executing these ITAAC ITAAC                    and possible grouping of the submitted closure submittals especially for UINs: 793, 799 - 811 which work off of 794, 797,  each other.
800, 803 Specific comments are provided below:
: 1. The example D2 in NEI 08-01 combined all four ITAAC into one ICN in that the primary ITAAC is ITAAC 3.3.00.07d.ii.a with ITAAC 3.3.00.07d.iii.a, 3.3.00.07d.iv.a, and 3.3.00.07d.v.a dealing with exceptions.
SNC response: The UINs mentioned above were also grouped and sent on one UIN (Reference ND-18-0413, dated 3/27/18).
: 2. The example D2 discusses pulling cables and termination tickets for cables after raceway verification, the new UIN for ITAAC 3.3.00.07d.ii.a does not.
SNC response: The referenced UINs state that completed raceway installation, in-progress cable installation, and completed cable terminations are inspected. While cable pull and termination tickets will be performed, the inspections will be used to verify that the ITAAC criteria have been met. This methodology is consistent with previously accepted UINs 3.3.00.07aa (789),
3.3.00.07ab (790), and 3.3.00.07ac (791).
: 3. APP-GW-E1-001 is a non-public document which means that some critical separation criteria identified in it should be included in the UIN for ITAAC 3.3.00.07d.ii.a.
SNC response: Separation criteria must meet the ITAAC requirement which is verified by as-built inspections. Specific design requirements given in APP-GW-E1-001 are outside the scope of this UIN, as the as-built condition must satisfy the ITAAC requirements regardless of the design specifications. APP-GW-E1-001 was referenced to show that the design was translated in to installation specifications. This reference is consistent with what was used in previously accepted UINs 3.3.00.07aa (789), 3.3.00.07ab (790), and 3.3.00.07ac      1 (791).
: 4. ITAAC 3.3.00.07d.iii.a, 3.3.00.07d.iv.a, and 3.3.00.07d.v.a are listed as enclosures to UIN for ITAAC 3.3.00.07d.ii.a when they are not.
SNC response: These UINs were submitted as 4 enclosures on a single letter.
: 5. In what order are ITAAC 3.3.00.07d.iii.a, 3.3.00.07d.iv.a, and 3.3.00.07d.v.a utilized to deal with exceptions to ITAAC 3.3.00.07d.ii.a?
SNC response: Every cable and raceway is individually inspected and verified to meet requirements. As such, inspections do not occur in a tiered approach by ITAAC.
: 6. UIN for ITAAC 3.3.00.07d.iii.a discusses enclosed trays, but there is no reference that identifies what that means that is in public domain.
SNC response: This definition was addressed in approved LAR-17-036, which revised these ITAAC and added definitions for enclosed raceways to UFSAR Subsection 8.3.2.4.2, which is in the public domain. The relevant marked up LAR pages are attached on pages 2 and 3 of LAR enclosure 3.
: 7. UIN for ITAAC 3.3.00.07d.iii.a does not state whether barriers are between cables in different divisions or raceways.
SNC response: This ITAAC requires that circuits be ran in enclosed raceways or barriers be provided when separation distances between raceways are not met; therefore, the circuits will be provided with enclosed raceway or with a barrier.
4/19        2            public Feedback on public website website discrepancies.
2
 

                                            
                                            
                                            
6RXWKHUQ1XFOHDU2SHUDWLQJ&RPSDQ\
                                            
                                            
1'
(QFORVXUH
                                            
                                            
9RJWOH(OHFWULF*HQHUDWLQJ3ODQW 9(*3 8QLWVDQG
                                            
                                            
3URSRVHG&KDQJHVWR/LFHQVLQJ%DVLV'RFXPHQWV
                                    /$5 
                                            
  ,QVHUWLRQV'HQRWHGE\%OXH8QGHUOLQHDQG'HOHWLRQVE\5HG6WULNHWKURXJK
        *UHHQWH[WLQGLFDWHVVLPSOHUHORFDWLRQRIH[LVWLQJLQIRUPDWLRQ
2PLWWHGWH[WLVLGHQWLILHGE\WKUHHDVWHULVNV     
                                            
                                            
                                            
                                            
                                            
                                            
                                            
                                            
7KLV(QFORVXUHFRQVLVWVRISDJHVLQFOXGLQJWKLVFRYHUSDJH


 
1'
(QFORVXUH
3URSRVHG&KDQJHVWR/LFHQVLQJ%DVLV'RFXPHQWV /$5 

8)6$56XEVHFWLRQ&#xb3;5DFHZD\DQG&DEOH5RXWLQJ'LVUHYLVHGDVVKRZQEHORZ
    
  &DEOHVRIRQHVHSDUDWLRQJURXSDUHUXQLQVHSDUDWHUDFHZD\DQGSK\VLFDOO\VHSDUDWHGIURP
FDEOHVRIRWKHUVHSDUDWLRQJURXSV*URXS1UDFHZD\VDUHVHSDUDWHGIURPVDIHW\UHODWHG
JURXSV$%&DQG' 6HSDUDWLRQEHWZHHQVDIHW\UHODWHGJURXSVDQGEHWZHHQVDIHW\
UHODWHGJURXSVDQGQRQVDIHW\UHODWHGFDEOHVDUHURXWHG5DFHZD\VIURPJURXS1DUHURXWHGLQ
WKHVDPHDUHDVDVWKHVDIHW\UHODWHGJURXSVDFFRUGLQJWRVSDWLDOVHSDUDWLRQVWLSXODWHGLQ
5HJXODWRU\*XLGHDQG,(((ZLWKWKHIROORZLQJH[FHSWLRQVOLVWHGEHORZ
1RWH,IQRWH[SOLFLWO\VSHFLILHGEHORZHQFORVHGUDFHZD\DQGHQFORVHGFRQILJXUDWLRQUHIHU
WRFRQGXLWHQFORVHGWUD\VRUWUDQVLWLRQER[HVGHVLJQHGDQGXVHGIRUVXSSRUWLQJRUHQFORVLQJ
ZLUHVFDEOHVRUEXVEDUV2SHQFRQILJXUDWLRQUHIHUVWRIUHHDLUFDEOHDQGRSHQFDEOHWUD\V
7KHH[FHSWLRQVDUHOLPLWHGWRORZYROWDJHSRZHUV\VWHPDSSOLFDWLRQVDQGEHORZ
LQVWUXPHQWDWLRQDQGFRQWURO 
x :LWKLQWKHPDLQFRQWUROURRPDQGUHPRWHVKXWGRZQURRP QRQKD]DUGDUHDV WKH
PLQLPXPYHUWLFDOVHSDUDWLRQIRURSHQWRSFDEOHWUD\LVLQFKHVDQGWKHPLQLPXP
KRUL]RQWDOVHSDUDWLRQLVLQFK
x :LWKLQJHQHUDOSODQWDUHDV OLPLWHGKD]DUGDUHDV WKHPLQLPXPYHUWLFDOVHSDUDWLRQLV
LQFKHVDQGWKHPLQLPXPKRUL]RQWDOVHSDUDWLRQLVLQFKHVIRURSHQWRSFDEOHWUD\VZLWK
ORZYROWDJHSRZHUFLUFXLWVIRUFDEOHVL]HV$:*)RUFRQILJXUDWLRQVWKDWLQYROYH
H[FOXVLYHO\OLPLWHGHQHUJ\FRQWHQWFDEOHV LQVWUXPHQWDWLRQDQGFRQWURO WKHVHPLQLPXP
GLVWDQFHVDUHUHGXFHGWRLQFKHVDQGLQFKUHVSHFWLYHO\
x :LWKLQSDQHOVDQGFRQWUROVZLWFKERDUGVWKHPLQLPXPKRUL]RQWDOVHSDUDWLRQEHWZHHQ
FRPSRQHQWVRUFDEOHVRIGLIIHUHQWVHSDUDWLRQJURXSV ERWKILHOGURXWHGDQGYHQGRU VXSSOLHGLQWHUQDOZLULQJ LVLQFKDQGWKHPLQLPXPYHUWLFDOVHSDUDWLRQGLVWDQFHLV
LQFKHV
x )RUFRQILJXUDWLRQVLQYROYLQJDQHQFORVHGUDFHZD\DQGDQRSHQUDFHZD\WKHPLQLPXP
YHUWLFDOVHSDUDWLRQLVLQFKLIWKHHQFORVHGUDFHZD\LVEHORZWKHRSHQUDFHZD\
1RQKD]DUG$UHD([FHSWLRQV
x 7KHPLQLPXPYHUWLFDOVHSDUDWLRQLVLQFKHVDQGWKHPLQLPXPKRUL]RQWDOVHSDUDWLRQ
LVLQFKEHWZHHQRSHQWRHQFORVHGFRQILJXUDWLRQVIRUFRQILJXUDWLRQVLQYROYLQJORZ YROWDJHSRZHUFDEOHV
x 7KHPLQLPXPYHUWLFDOVHSDUDWLRQLVLQFKDQGWKHPLQLPXPKRUL]RQWDOVHSDUDWLRQLVLQFK
EHWZHHQRSHQFRQILJXUDWLRQVDQGEHWZHHQRSHQWRFORVHGFRQILJXUDWLRQVIRU
FRQILJXUDWLRQVWKDWLQYROYHH[FOXVLYHO\OLPLWHGHQHUJ\FRQWHQWFDEOHV LQVWUXPHQWDWLRQDQG
FRQWURO 
x )RUFRQILJXUDWLRQVLQYROYLQJORZYROWDJHSRZHUFDEOHVZLWKLQDQHQFORVHGUDFHZD\
DQGDQRSHQUDFHZD\WKHPLQLPXPYHUWLFDOVHSDUDWLRQLVLQFKLIWKHHQFORVHG
UDFHZD\LVEHORZWKHRSHQUDFHZD\
x :LWKLQSDQHOVDQGFRQWUROVZLWFKERDUGVWKHPLQLPXPKRUL]RQWDOVHSDUDWLRQEHWZHHQ
FRPSRQHQWVRU FDEOHV RI GLIIHUHQWVHSDUDWLRQJURXSV ERWK ILHOGURXWHGDQG YHQGRU VXSSOLHGLQWHUQDO ZLULQJ  LV  LQFK DQG WKH PLQLPXP YHUWLFDO VHSDUDWLRQ GLVWDQFH LV
      LQFKHV
3DJHRI
 
1'
(QFORVXUH
3URSRVHG&KDQJHVWR/LFHQVLQJ%DVLV'RFXPHQWV /$5 

  /LPLWHG+D]DUG$UHD([FHSWLRQV
x 7KHPLQLPXPYHUWLFDOVHSDUDWLRQLVLQFKDQGWKHPLQLPXPKRUL]RQWDOVHSDUDWLRQ
LVLQFKZLWKFRQILJXUDWLRQVWKDWLQYROYHH[FOXVLYHO\OLPLWHGHQHUJ\FRQWHQWFDEOHV
LQVWUXPHQWDWLRQDQGFRQWURO 
x 7KHPLQLPXPYHUWLFDOVHSDUDWLRQLVLQFKHVDQGWKHPLQLPXPKRUL]RQWDO
VHSDUDWLRQLVLQFKHVZLWKFRQILJXUDWLRQVWKDWLQYROYHORZYROWDJHSRZHUFDEOHVIRU
FDEOHVL]HVOHVVWKDQDQGHTXDOWR$:*7KHPLQLPXPYHUWLFDOVHSDUDWLRQPD\
EHUHGXFHGWRLQFKHVIRUWKHFRQILJXUDWLRQZLWKDFRQGXLWDERYHDQGFURVVLQJDQ
RSHQWUD\DWDQDQJOHHTXDOWRRUJUHDWHUWKDQGHJUHHV
x 7KHPLQLPXPYHUWLFDOVHSDUDWLRQLVLQFKHVDQGWKHPLQLPXPKRUL]RQWDO
VHSDUDWLRQLVLQFKHVEHWZHHQDFRQGXLWDQGDQRSHQFRQILJXUDWLRQIRUORZYROWDJH
SRZHUFDEOHVJUHDWHUWKDQ$:*EXWQRWJUHDWHUWKDQNFPLO7KHYHUWLFDO
VHSDUDWLRQPD\EHUHGXFHGWRLQFKHVLIWKHFRQGXLWLVDERYHDQGFURVVLQJDQRSHQ
WUD\DWDQDQJOHHTXDOWRRUJUHDWHUWKDQGHJUHHV
x 7KHPLQLPXPYHUWLFDOVHSDUDWLRQLVLQFKLIWKHHQFORVHGUDFHZD\LVEHORZWKH
RSHQUDFHZD\IRUORZYROWDJHSRZHUFDEOHV
x 7KHPLQLPXPYHUWLFDOVHSDUDWLRQLVLQFKDQGWKHPLQLPXPKRUL]RQWDOVHSDUDWLRQLV
      LQFKIRUFRQILJXUDWLRQVZLWKDQRQVDIHW\FRQGXLWDQGDIUHHDLUVDIHW\FDEOHZLWK
ORZYROWDJHSRZHUFDEOHVDQGEHORZ
x :LWKLQSDQHOVDQGFRQWUROVZLWFKERDUGVWKHPLQLPXPKRUL]RQWDOVHSDUDWLRQ
EHWZHHQFRPSRQHQWVRUFDEOHVRIGLIIHUHQWVHSDUDWLRQJURXSV ERWKILHOGURXWHG
DQGYHQGRUVXSSOLHGLQWHUQDOZLULQJ LVLQFKDQGWKHPLQLPXPYHUWLFDOVHSDUDWLRQ
GLVWDQFHLVLQFKHV
  +D]DUG$UHD([FHSWLRQV
:LWKLQKD]DUGDUHDVWKHPLQLPXPVSDWLDOVHSDUDWLRQEHWZHHQVDIHW\UHODWHGJURXSVDQG
EHWZHHQVDIHW\UHODWHGJURXSVDQGQRQVDIHW\UHODWHGFDEOHVLVWKHVDPHDVWKHVSDWLDO
VHSDUDWLRQDSSOLFDEOHLQOLPLWHGKD]DUGDUHDVXQOHVVRWKHUZLVHVSHFLILHGE\,(((IRU
DQH[WHUQDOKD]DUG
7KHH[FHSWLRQVWRWKHJXLGDQFHLQ5HJXODWRU\*XLGHDUHEDVHGRQWHVWUHVXOWVXVHGWR
VXSSRUWH[FHSWLRQVWRWKHVHSDUDWLRQJXLGDQFHIRURSHUDWLQJQXFOHDUSRZHUSODQWV$
VXPPDU\RIWHVWUHVXOWVIURPWHQHOHFWULFDOVHSDUDWLRQWHVWSURJUDPVLVGRFXPHQWHGLQ
5HIHUHQFH7KHVHWHVWSURJUDPVVXSSRUWWKH$3H[FHSWLRQV
    


8)6$56XEVHFWLRQ&#xb3;+D]DUG3URWHFWLRQ'LVUHYLVHGDVVKRZQEHORZ
:KHUHUHGXQGDQWVDIHW\UHODWHGDQGQRQVDIHW\UHODWHGUDFHZD\V\VWHPVWUDYHUVHHDFKRWKHU
VHSDUDWLRQLQDFFRUGDQFHZLWK5HJXODWRU\*XLGHDQG,(((LVPDLQWDLQHG 6HH
8)6$56XEVHFWLRQIRUVHSDUDWLRQUHTXLUHPHQWVLQKD]DUGDUHDV
    
                                
3DJHRI
 
1'
(QFORVXUH
3URSRVHG&KDQJHVWR/LFHQVLQJ%DVLV'RFXPHQWV /$5 
  
  &2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJ3ODQW6SHFLILF7LHU7DEOHDUH
UHYLVHGDVVKRZQEHORZ
  
1R  ,7$$&1R 'HVLJQ&RPPLWPHQW                  ,QVSHFWLRQV7HVWV$QDO\VLV        $FFHSWDQFH&ULWHULD
  GL G 3K\VLFDOVHSDUDWLRQLV    ,QVSHFWLRQVRIWKHDVEXLOW&ODVV    5HVXOWVRIWKHLQVSHFWLRQZLOO
PDLQWDLQHGEHWZHHQ&ODVV(    (UDFHZD\VZLOOEHSHUIRUPHGWR    FRQILUPWKDWWKHVHSDUDWLRQ
GLYLVLRQVDQGEHWZHHQ&ODVV( FRQILUPWKDWWKHVHSDUDWLRQ          EHWZHHQ&ODVV(UDFHZD\V
GLYLVLRQVDQGQRQ&ODVV(    EHWZHHQ&ODVV(UDFHZD\VRI        RIGLIIHUHQWGLYLVLRQVDQG
FDEOHV                        GLIIHUHQWGLYLVLRQVDQGEHWZHHQ      EHWZHHQ&ODVV(UDFHZD\V
                                                  &ODVV(UDFHZD\VDQGQRQ&ODVV      DQGQRQ&ODVV(UDFHZD\VLV
                                                    (UDFHZD\VLVFRQVLVWHQWZLWKWKH  FRQVLVWHQWZLWKWKHIROORZLQJ
IROORZLQJ                          
L :LWKLQWKHPDLQFRQWUROURRP      L :LWKLQWKHPDLQFRQWURO
DQGUHPRWHVKXWGRZQURRP QRQ      URRPDQGUHPRWHVKXWGRZQ
KD]DUGDUHDV WKHPLQLPXP          URRP QRQKD]DUGDUHDV WKH
VHSDUDWLRQIRUORZYROWDJHSRZHU    PLQLPXPVHSDUDWLRQIRUORZ
FDEOHVDQGEHORZLVGHILQHGE\      YROWDJHSRZHUFDEOHVDQG
RQHRIWKHIROORZLQJ                EHORZPHHWVRQHRIWKH
                                                                                        IROORZLQJ
                                                                                        
                                                     )RUFRQILJXUDWLRQVLQYROYLQJ       )RUFRQILJXUDWLRQV
RSHQWRSUDFHZD\VFRQILJXUDWLRQV    LQYROYLQJRSHQWRSUDFHZD\V
WRHQFORVHGFRQILJXUDWLRQVZLWK      FRQILJXUDWLRQVWRHQFORVHG
ORZYROWDJHSRZHUFDEOHVWKH        FRQILJXUDWLRQVZLWKORZ
PLQLPXPYHUWLFDOVHSDUDWLRQLV    YROWDJHSRZHUFDEOHVWKH
LQFKHVDQGWKHPLQLPXP              YHUWLFDOVHSDUDWLRQLVLQFKHV
KRUL]RQWDOVHSDUDWLRQLVLQFK    RUPRUHDQGWKHKRUL]RQWDO
                                                                                        VHSDUDWLRQLVLQFKRUPRUH
                                                     )RUFRQILJXUDWLRQVLQYROYLQJDQ   )RUFRQILJXUDWLRQVWKDW
HQFORVHGUDFHZD\DQGDQRSHQ        LQYROYHDQHQFORVHGUDFHZD\
UDFHZD\ZLWKORZYROWDJHSRZHU      DQGDQRSHQUDFHZD\ZLWK
FDEOHVWKHPLQLPXPKRUL]RQWDO      ORZYROWDJHSRZHUFDEOHVWKH
DQGYHUWLFDOVHSDUDWLRQLVLQFKLI PLQLPXPKRUL]RQWDODQG
WKHHQFORVHGUDFHZD\LVEHORZWKH    YHUWLFDOVHSDUDWLRQPD\EH
RSHQUDFHZD\                      UHGXFHGWRLQFKLIWKH
                                                                                        HQFORVHGUDFHZD\LVEHORZ
                                                                                        WKHRSHQUDFHZD\
                                                     )RUFRQILJXUDWLRQVLQYROYLQJ       )RUFRQILJXUDWLRQVWKDW
HQFORVHGUDFHZD\VWKHPLQLPXP        LQYROYHHQFORVHGUDFHZD\V
VHSDUDWLRQLVLQFKLQERWK        WKHPLQLPXPVHSDUDWLRQLV
KRUL]RQWDODQGYHUWLFDOGLUHFWLRQV LQFKLQERWKKRUL]RQWDODQG
                                                                                        YHUWLFDOGLUHFWLRQV
                                                     )RUFRQILJXUDWLRQVLQYROYLQJ       )RUFRQILJXUDWLRQVWKDW
RSHQFRQILJXUDWLRQVDQGDQ          LQYROYHRSHQFRQILJXUDWLRQV
HQFORVHGUDFHZD\DQGDQRSHQ        DQGDQHQFORVHGUDFHZD\DQG
UDFHZD\ZLWKLQVWUXPHQWDWLRQDQG    DQRSHQUDFHZD\ZLWK
FRQWUROFDEOHVWKHPLQLPXP          LQVWUXPHQWDWLRQDQGFRQWURO
VHSDUDWLRQLVLQFKLQERWK        FDEOHVWKHPLQLPXP
KRUL]RQWDODQGYHUWLFDOGLUHFWLRQV VHSDUDWLRQLVLQFKLQERWK
                                                                                        KRUL]RQWDODQGYHUWLFDO
GLUHFWLRQV
3DJHRI
 
1'
(QFORVXUH
3URSRVHG&KDQJHVWR/LFHQVLQJ%DVLV'RFXPHQWV /$5 
  
1R ,7$$&1R 'HVLJQ&RPPLWPHQW                    ,QVSHFWLRQV7HVWV$QDO\VLV        $FFHSWDQFH&ULWHULD
 GLLD G 3K\VLFDOVHSDUDWLRQLV    ,QVSHFWLRQVRIWKHDVEXLOW&ODVV    5HVXOWVRIWKHLQVSHFWLRQZLOO
PDLQWDLQHGEHWZHHQ&ODVV(    (UDFHZD\VZLOOEHSHUIRUPHGWR    FRQILUPWKDWWKHVHSDUDWLRQ
GLYLVLRQVDQGEHWZHHQ&ODVV( FRQILUPWKDWWKHVHSDUDWLRQ          EHWZHHQ&ODVV(UDFHZD\V
GLYLVLRQVDQGQRQ&ODVV(    EHWZHHQ&ODVV(UDFHZD\VRI        RIGLIIHUHQWGLYLVLRQVDQG
FDEOHV                        GLIIHUHQWGLYLVLRQVDQGEHWZHHQ      EHWZHHQ&ODVV(UDFHZD\V
                                                      &ODVV(UDFHZD\VDQGQRQ&ODVV      DQGQRQ&ODVV(UDFHZD\VLV
                                                      (UDFHZD\VLVFRQVLVWHQWZLWKWKH  WKHIROORZLQJ
IROORZLQJ                          
LLD :LWKLQRWKHUSODQWDUHDV      LLD :LWKLQRWKHUSODQWDUHDV
OLPLWHGKD]DUGDUHDV WKH        LQVLGHFRQWDLQPHQW OLPLWHG
PLQLPXPVHSDUDWLRQLVGHILQHGE\    KD]DUGDUHDV WKHVHSDUDWLRQ
RQHRIWKHIROORZLQJ              PHHWVRQHRIWKHIROORZLQJ
                                                       7KHPLQLPXPYHUWLFDO               7KHYHUWLFDOVHSDUDWLRQLV
VHSDUDWLRQLVIHHWDQGWKH        IHHWRUPRUHDQGWKH
PLQLPXPKRUL]RQWDOVHSDUDWLRQLV    KRUL]RQWDOVHSDUDWLRQLVIHHW
                                                      IHHW                            RUPRUH
                                                       7KHPLQLPXPYHUWLFDO               7KHPLQLPXPYHUWLFDO
VHSDUDWLRQLVLQFKHVDQGWKH      VHSDUDWLRQLVLQFKHVDQG
PLQLPXPKRUL]RQWDOVHSDUDWLRQLV    WKHPLQLPXPKRUL]RQWDO
                                                      LQFKHVIRUUDFHZD\VFRQWDLQLQJ    VHSDUDWLRQLVLQFKHVIRU
RQO\LQVWUXPHQWDWLRQDQGFRQWURO    UDFHZD\VFRQWDLQLQJRQO\
DQGORZYROWDJHSRZHUFDEOHV        LQVWUXPHQWDWLRQDQGFRQWURO
                                                      $:* 7KLVPLQLPXP            DQGORZYROWDJHSRZHUFDEOHV
YHUWLFDOVHSDUDWLRQLVLQFKHVIRU  $:* 7KLVPLQLPXP
WKHFRQILJXUDWLRQZLWKDFRQGXLW    YHUWLFDOVHSDUDWLRQPD\EH
DERYHDQGFURVVLQJWKHRSHQWUD\    UHGXFHGWRLQFKHVIRUWKH
DWDQDQJOHHTXDOWRRUJUHDWHUWKDQ FRQILJXUDWLRQZLWKDFRQGXLW
                                                      GHJUHHV                        DERYHDQGFURVVLQJWKHRSHQ
                                                                                          WUD\DWDQDQJOHHTXDOWRRU
                                                                                          JUHDWHUWKDQGHJUHHV
                                                       7KHPLQLPXPYHUWLFDO               7KHPLQLPXPYHUWLFDO
VHSDUDWLRQLVLQFKHVDQGWKH      VHSDUDWLRQLVLQFKHVDQG
PLQLPXPKRUL]RQWDOVHSDUDWLRQLV    WKHPLQLPXPKRUL]RQWDO
                                                      LQFKHVEHWZHHQDFRQGXLWDQGDQ    VHSDUDWLRQLVLQFKHV
RSHQFRQILJXUDWLRQIRUORZ          EHWZHHQDFRQGXLWDQGDQ
YROWDJHSRZHUFDEOHVJUHDWHUWKDQ    RSHQFRQILJXUDWLRQIRUORZ
                                                      $:*EXWQRWJUHDWHUWKDQ        YROWDJHSRZHUFDEOHVJUHDWHU
                                                      NFPLO7KHYHUWLFDO            WKDQ$:*EXWQRWJUHDWHU
VHSDUDWLRQLVLQFKHVLIDFRQGXLW  WKDQNFPLO7KHYHUWLFDO
LVDERYHDQGFURVVLQJDQRSHQWUD\  VHSDUDWLRQPD\EHUHGXFHGWR
DWDQDQJOHHTXDOWRRUJUHDWHUWKDQ LQFKHVLIDFRQGXLWLVDERYH
                                                      GHJUHHV                        DQGFURVVLQJDQRSHQWUD\DW
                                                                                          DQDQJOHHTXDOWRRUJUHDWHU
WKDQGHJUHHV
                                                                                            
3DJHRI
 
1'
(QFORVXUH
3URSRVHG&KDQJHVWR/LFHQVLQJ%DVLV'RFXPHQWV /$5 
  
1R ,7$$&1R 'HVLJQ&RPPLWPHQW        ,QVSHFWLRQV7HVWV$QDO\VLV          $FFHSWDQFH&ULWHULD
                                   )RUFRQILJXUDWLRQVWKDW           )RUFRQILJXUDWLRQVWKDW
FRQW                                     LQYROYHH[FOXVLYHO\OLPLWHGHQHUJ\    LQYROYHH[FOXVLYHO\OLPLWHG
FRQWHQWFDEOHV LQVWUXPHQWDWLRQ      HQHUJ\FRQWHQWFDEOHV
DQGFRQWURO WKHPLQLPXP              LQVWUXPHQWDWLRQDQGFRQWURO 
YHUWLFDOVHSDUDWLRQLVLQFKHV      WKHPLQLPXPYHUWLFDO
DQGWKHPLQLPXPKRUL]RQWDO            VHSDUDWLRQLVLQFKHVDQG
VHSDUDWLRQLVLQFK                WKHPLQLPXPKRUL]RQWDO
                                                                                VHSDUDWLRQLVLQFK
                                           )RUFRQILJXUDWLRQVLQYROYLQJ       )RUFRQILJXUDWLRQVWKDW
DQHQFORVHGUDFHZD\DQGDQRSHQ      LQYROYHDQHQFORVHGUDFHZD\
UDFHZD\ZLWKORZYROWDJHSRZHU        DQGDQRSHQUDFHZD\ZLWK
FDEOHVWKHPLQLPXPYHUWLFDO          ORZYROWDJHSRZHUFDEOHVWKH
VHSDUDWLRQLVLQFKLIWKHHQFORVHG  PLQLPXPYHUWLFDOVHSDUDWLRQ
UDFHZD\LVEHORZWKHRSHQ            LVLQFKLIWKHHQFORVHG
UDFHZD\                            UDFHZD\LVEHORZWKHRSHQ
                                                                                UDFHZD\
                                           )RUFRQILJXUDWLRQLQYROYLQJ       )RUFRQILJXUDWLRQVWKDW
HQFORVHGUDFHZD\VWKHPLQLPXP        LQYROYHHQFORVHGUDFHZD\V
VHSDUDWLRQLVLQFKLQERWK          WKHPLQLPXPYHUWLFDODQG
KRUL]RQWDODQGYHUWLFDOGLUHFWLRQV  KRUL]RQWDOVHSDUDWLRQLV
                                                                                LQFK
                                           7KHPLQLPXPYHUWLFDO               7KHPLQLPXPYHUWLFDO
VHSDUDWLRQLVLQFKDQGWKH        VHSDUDWLRQLVLQFKDQGWKH
PLQLPXPKRUL]RQWDOVHSDUDWLRQLV    PLQLPXPKRUL]RQWDO
                                          LQFKIRUFRQILJXUDWLRQVZLWKD    VHSDUDWLRQLVLQFKIRU
QRQVDIHW\FRQGXLWDQGDIUHHDLU    FRQILJXUDWLRQVZLWKDQRQ
VDIHW\FDEOHZLWKORZYROWDJH        VDIHW\FRQGXLWDQGDIUHHDLU
SRZHUFDEOHVDQGEHORZ              VDIHW\FDEOHZLWKORZYROWDJH
                                                                              SRZHUFDEOHVDQGEHORZ
                                                                                  
3DJHRI
 
1'
(QFORVXUH
3URSRVHG&KDQJHVWR/LFHQVLQJ%DVLV'RFXPHQWV /$5 
  
1R ,7$$&1R 'HVLJQ&RPPLWPHQW                    ,QVSHFWLRQV7HVWV$QDO\VLV        $FFHSWDQFH&ULWHULD
 GLLE G 3K\VLFDOVHSDUDWLRQLV    ,QVSHFWLRQVRIWKHDVEXLOW&ODVV    5HVXOWVRIWKHLQVSHFWLRQZLOO
PDLQWDLQHGEHWZHHQ&ODVV(    (UDFHZD\VZLOOEHSHUIRUPHGWR    FRQILUPWKDWWKHVHSDUDWLRQ
GLYLVLRQVDQGEHWZHHQ&ODVV( FRQILUPWKDWWKHVHSDUDWLRQ          EHWZHHQ&ODVV(UDFHZD\V
GLYLVLRQVDQGQRQ&ODVV(    EHWZHHQ&ODVV(UDFHZD\VRI        RIGLIIHUHQWGLYLVLRQVDQG
FDEOHV                        GLIIHUHQWGLYLVLRQVDQGEHWZHHQ      EHWZHHQ&ODVV(UDFHZD\V
                                                      &ODVV(UDFHZD\VDQGQRQ&ODVV      DQGQRQ&ODVV(UDFHZD\VLV
                                                      (UDFHZD\VLVFRQVLVWHQWZLWKWKH  WKHIROORZLQJ
IROORZLQJ                          
LLE :LWKLQRWKHUSODQWDUHDV      LLE :LWKLQRWKHUSODQWDUHDV
OLPLWHGKD]DUGDUHDV WKH        LQVLGHWKHQRQUDGLRORJLFDOO\
PLQLPXPVHSDUDWLRQLVGHILQHGE\    FRQWUROOHGDUHDRIWKH
RQHRIWKHIROORZLQJ              DX[LOLDU\EXLOGLQJ OLPLWHG
                                                                                          KD]DUGDUHDV WKHVHSDUDWLRQ
                                                                                          PHHWVRQHRIWKHIROORZLQJ
                                                       7KHPLQLPXPYHUWLFDO               7KHYHUWLFDOVHSDUDWLRQLV
VHSDUDWLRQLVIHHWDQGWKH        IHHWRUPRUHDQGWKH
PLQLPXPKRUL]RQWDOVHSDUDWLRQLV    KRUL]RQWDOVHSDUDWLRQLVIHHW
                                                      IHHW                            RUPRUH
                                                       7KHPLQLPXPYHUWLFDO               7KHPLQLPXPYHUWLFDO
VHSDUDWLRQLVLQFKHVDQGWKH      VHSDUDWLRQLVLQFKHVDQG
PLQLPXPKRUL]RQWDOVHSDUDWLRQLV    WKHPLQLPXPKRUL]RQWDO
                                                      LQFKHVIRUUDFHZD\VFRQWDLQLQJ    VHSDUDWLRQLVLQFKHVIRU
RQO\LQVWUXPHQWDWLRQDQGFRQWURO    UDFHZD\VFRQWDLQLQJRQO\
DQGORZYROWDJHSRZHUFDEOHV        LQVWUXPHQWDWLRQDQGFRQWURO
                                                      $:* 7KLVPLQLPXP            DQGORZYROWDJHSRZHUFDEOHV
YHUWLFDOVHSDUDWLRQLVLQFKHVIRU  $:* 7KLVPLQLPXP
WKHFRQILJXUDWLRQZLWKDFRQGXLW    YHUWLFDOVHSDUDWLRQPD\EH
DERYHDQGFURVVLQJWKHRSHQWUD\    UHGXFHGWRLQFKHVIRUWKH
DWDQDQJOHHTXDOWRRUJUHDWHUWKDQ FRQILJXUDWLRQZLWKDFRQGXLW
                                                      GHJUHHV                        DERYHDQGFURVVLQJWKHRSHQ
                                                                                          WUD\DWDQDQJOHHTXDOWRRU
                                                                                          JUHDWHUWKDQGHJUHHV
                                                       7KHPLQLPXPYHUWLFDO               7KHPLQLPXPYHUWLFDO
VHSDUDWLRQLVLQFKHVDQGWKH      VHSDUDWLRQLVLQFKHVDQG
PLQLPXPKRUL]RQWDOVHSDUDWLRQLV    WKHPLQLPXPKRUL]RQWDO
                                                      LQFKHVEHWZHHQDFRQGXLWDQGDQ    VHSDUDWLRQLVLQFKHV
RSHQFRQILJXUDWLRQIRUORZ          EHWZHHQDFRQGXLWDQGDQ
YROWDJHSRZHUFDEOHVJUHDWHUWKDQ    RSHQFRQILJXUDWLRQIRUORZ
                                                      $:*EXWQRWJUHDWHUWKDQ        YROWDJHSRZHUFDEOHVJUHDWHU
                                                      NFPLO7KHYHUWLFDO            WKDQ$:*EXWQRWJUHDWHU
VHSDUDWLRQLVLQFKHVLIDFRQGXLW  WKDQNFPLO7KHYHUWLFDO
LVDERYHDQGFURVVLQJDQRSHQWUD\  VHSDUDWLRQPD\EHUHGXFHGWR
DWDQDQJOHHTXDOWRRUJUHDWHUWKDQ LQFKHVLIDFRQGXLWLVDERYH
                                                      GHJUHHV                        DQGFURVVLQJDQRSHQWUD\DW
                                                                                          DQDQJOHHTXDOWRRUJUHDWHU
WKDQGHJUHHV
                                                                                            
3DJHRI
 
1'
(QFORVXUH
3URSRVHG&KDQJHVWR/LFHQVLQJ%DVLV'RFXPHQWV /$5 
  
1R ,7$$&1R 'HVLJQ&RPPLWPHQW        ,QVSHFWLRQV7HVWV$QDO\VLV          $FFHSWDQFH&ULWHULD
                                   )RUFRQILJXUDWLRQVWKDW           )RUFRQILJXUDWLRQVWKDW
FRQW                                     LQYROYHH[FOXVLYHO\OLPLWHGHQHUJ\    LQYROYHH[FOXVLYHO\OLPLWHG
FRQWHQWFDEOHV LQVWUXPHQWDWLRQ      HQHUJ\FRQWHQWFDEOHV
DQGFRQWURO WKHPLQLPXP              LQVWUXPHQWDWLRQDQGFRQWURO 
YHUWLFDOVHSDUDWLRQLVLQFKHV      WKHPLQLPXPYHUWLFDO
DQGWKHPLQLPXPKRUL]RQWDO            VHSDUDWLRQLVLQFKHVDQG
VHSDUDWLRQLVLQFK                WKHPLQLPXPKRUL]RQWDO
                                                                                VHSDUDWLRQLVLQFK
                                           )RUFRQILJXUDWLRQVLQYROYLQJ       )RUFRQILJXUDWLRQVWKDW
DQHQFORVHGUDFHZD\DQGDQRSHQ      LQYROYHDQHQFORVHGUDFHZD\
UDFHZD\ZLWKORZYROWDJHSRZHU        DQGDQRSHQUDFHZD\ZLWK
FDEOHVWKHPLQLPXPYHUWLFDO          ORZYROWDJHSRZHUFDEOHVWKH
VHSDUDWLRQLVLQFKLIWKHHQFORVHG  PLQLPXPYHUWLFDOVHSDUDWLRQ
UDFHZD\LVEHORZWKHRSHQ            LVLQFKLIWKHHQFORVHG
UDFHZD\                            UDFHZD\LVEHORZWKHRSHQ
                                                                                UDFHZD\
                                           )RUFRQILJXUDWLRQLQYROYLQJ       )RUFRQILJXUDWLRQVWKDW
HQFORVHGUDFHZD\VWKHPLQLPXP        LQYROYHHQFORVHGUDFHZD\V
VHSDUDWLRQLVLQFKLQERWK          WKHPLQLPXPYHUWLFDODQG
KRUL]RQWDODQGYHUWLFDOGLUHFWLRQV  KRUL]RQWDOVHSDUDWLRQLV
                                                                                LQFK
                                           7KHPLQLPXPYHUWLFDO               7KHPLQLPXPYHUWLFDO
VHSDUDWLRQLVLQFKDQGWKH        VHSDUDWLRQLVLQFKDQGWKH
PLQLPXPKRUL]RQWDOVHSDUDWLRQLV    PLQLPXPKRUL]RQWDO
                                          LQFKIRUFRQILJXUDWLRQVZLWKD    VHSDUDWLRQLVLQFKIRU
QRQVDIHW\FRQGXLWDQGDIUHHDLU    FRQILJXUDWLRQVZLWKDQRQ
VDIHW\FDEOHZLWKORZYROWDJH        VDIHW\FRQGXLWDQGDIUHHDLU
SRZHUFDEOHVDQGEHORZ              VDIHW\FDEOHZLWKORZYROWDJH
                                                                              SRZHUFDEOHVDQGEHORZ
                                                                                  
3DJHRI
 
1'
(QFORVXUH
3URSRVHG&KDQJHVWR/LFHQVLQJ%DVLV'RFXPHQWV /$5 
  
1R ,7$$&1R 'HVLJQ&RPPLWPHQW                    ,QVSHFWLRQV7HVWV$QDO\VLV        $FFHSWDQFH&ULWHULD
 GLLF G 3K\VLFDOVHSDUDWLRQLV    ,QVSHFWLRQVRIWKHDVEXLOW&ODVV    5HVXOWVRIWKHLQVSHFWLRQZLOO
PDLQWDLQHGEHWZHHQ&ODVV(    (UDFHZD\VZLOOEHSHUIRUPHGWR    FRQILUPWKDWWKHVHSDUDWLRQ
GLYLVLRQVDQGEHWZHHQ&ODVV( FRQILUPWKDWWKHVHSDUDWLRQ          EHWZHHQ&ODVV(UDFHZD\V
GLYLVLRQVDQGQRQ&ODVV(    EHWZHHQ&ODVV(UDFHZD\VRI        RIGLIIHUHQWGLYLVLRQVDQG
FDEOHV                        GLIIHUHQWGLYLVLRQVDQGEHWZHHQ      EHWZHHQ&ODVV(UDFHZD\V
                                                      &ODVV(UDFHZD\VDQGQRQ&ODVV      DQGQRQ&ODVV(UDFHZD\VLV
                                                      (UDFHZD\VLVFRQVLVWHQWZLWKWKH  WKHIROORZLQJ
IROORZLQJ                          
LLF :LWKLQRWKHUSODQWDUHDV      LLE :LWKLQRWKHUSODQWDUHDV
OLPLWHGKD]DUGDUHDV WKH        LQVLGHWKHUDGLRORJLFDOO\
PLQLPXPVHSDUDWLRQLVGHILQHGE\    FRQWUROOHGDUHDRIWKH
RQHRIWKHIROORZLQJ              DX[LOLDU\EXLOGLQJ OLPLWHG
                                                                                          KD]DUGDUHDV WKHVHSDUDWLRQ
                                                                                          PHHWVRQHRIWKHIROORZLQJ
                                                       7KHPLQLPXPYHUWLFDO               7KHYHUWLFDOVHSDUDWLRQLV
VHSDUDWLRQLVIHHWDQGWKH        IHHWRUPRUHDQGWKH
PLQLPXPKRUL]RQWDOVHSDUDWLRQLV    KRUL]RQWDOVHSDUDWLRQLVIHHW
                                                      IHHW                            RUPRUH
                                                       7KHPLQLPXPYHUWLFDO               7KHPLQLPXPYHUWLFDO
VHSDUDWLRQLVLQFKHVDQGWKH      VHSDUDWLRQLVLQFKHVDQG
PLQLPXPKRUL]RQWDOVHSDUDWLRQLV    WKHPLQLPXPKRUL]RQWDO
                                                      LQFKHVIRUUDFHZD\VFRQWDLQLQJ    VHSDUDWLRQLVLQFKHVIRU
RQO\LQVWUXPHQWDWLRQDQGFRQWURO    UDFHZD\VFRQWDLQLQJRQO\
DQGORZYROWDJHSRZHUFDEOHV        LQVWUXPHQWDWLRQDQGFRQWURO
                                                      $:* 7KLVPLQLPXP            DQGORZYROWDJHSRZHUFDEOHV
YHUWLFDOVHSDUDWLRQLVLQFKHVIRU  $:* 7KLVPLQLPXP
WKHFRQILJXUDWLRQZLWKDFRQGXLW    YHUWLFDOVHSDUDWLRQPD\EH
DERYHDQGFURVVLQJWKHRSHQWUD\    UHGXFHGWRLQFKHVIRUWKH
DWDQDQJOHHTXDOWRRUJUHDWHUWKDQ FRQILJXUDWLRQZLWKDFRQGXLW
                                                      GHJUHHV                        DERYHDQGFURVVLQJWKHRSHQ
                                                                                          WUD\DWDQDQJOHHTXDOWRRU
                                                                                          JUHDWHUWKDQGHJUHHV
                                                       7KHPLQLPXPYHUWLFDO               7KHPLQLPXPYHUWLFDO
VHSDUDWLRQLVLQFKHVDQGWKH      VHSDUDWLRQLVLQFKHVDQG
PLQLPXPKRUL]RQWDOVHSDUDWLRQLV    WKHPLQLPXPKRUL]RQWDO
                                                      LQFKHVEHWZHHQDFRQGXLWDQGDQ    VHSDUDWLRQLVLQFKHV
RSHQFRQILJXUDWLRQIRUORZ          EHWZHHQDFRQGXLWDQGDQ
YROWDJHSRZHUFDEOHVJUHDWHUWKDQ    RSHQFRQILJXUDWLRQIRUORZ
                                                      $:*EXWQRWJUHDWHUWKDQ        YROWDJHSRZHUFDEOHVJUHDWHU
                                                      NFPLO7KHYHUWLFDO            WKDQ$:*EXWQRWJUHDWHU
VHSDUDWLRQLVLQFKHVLIDFRQGXLW  WKDQNFPLO7KHYHUWLFDO
LVDERYHDQGFURVVLQJDQRSHQWUD\  VHSDUDWLRQPD\EHUHGXFHGWR
DWDQDQJOHHTXDOWRRUJUHDWHUWKDQ LQFKHVLIDFRQGXLWLVDERYH
                                                      GHJUHHV                        DQGFURVVLQJDQRSHQWUD\DW
                                                                                          DQDQJOHHTXDOWRRUJUHDWHU
WKDQGHJUHHV
                                                                                            
3DJHRI
 
1'
(QFORVXUH
3URSRVHG&KDQJHVWR/LFHQVLQJ%DVLV'RFXPHQWV /$5 
  
1R ,7$$&1R 'HVLJQ&RPPLWPHQW        ,QVSHFWLRQV7HVWV$QDO\VLV          $FFHSWDQFH&ULWHULD
                                   )RUFRQILJXUDWLRQVWKDW           )RUFRQILJXUDWLRQVWKDW
FRQW                                     LQYROYHH[FOXVLYHO\OLPLWHGHQHUJ\    LQYROYHH[FOXVLYHO\OLPLWHG
FRQWHQWFDEOHV LQVWUXPHQWDWLRQ      HQHUJ\FRQWHQWFDEOHV
DQGFRQWURO WKHPLQLPXP              LQVWUXPHQWDWLRQDQGFRQWURO 
YHUWLFDOVHSDUDWLRQLVLQFKHV      WKHPLQLPXPYHUWLFDO
DQGWKHPLQLPXPKRUL]RQWDO            VHSDUDWLRQLVLQFKHVDQG
VHSDUDWLRQLVLQFK                WKHPLQLPXPKRUL]RQWDO
                                                                                VHSDUDWLRQLVLQFK
                                           )RUFRQILJXUDWLRQVLQYROYLQJ       )RUFRQILJXUDWLRQVWKDW
DQHQFORVHGUDFHZD\DQGDQRSHQ      LQYROYHDQHQFORVHGUDFHZD\
UDFHZD\ZLWKORZYROWDJHSRZHU        DQGDQRSHQUDFHZD\ZLWK
FDEOHVWKHPLQLPXPYHUWLFDO          ORZYROWDJHSRZHUFDEOHVWKH
VHSDUDWLRQLVLQFKLIWKHHQFORVHG  PLQLPXPYHUWLFDOVHSDUDWLRQ
UDFHZD\LVEHORZWKHRSHQ            LVLQFKLIWKHHQFORVHG
UDFHZD\                            UDFHZD\LVEHORZWKHRSHQ
                                                                                UDFHZD\
                                           )RUFRQILJXUDWLRQLQYROYLQJ       )RUFRQILJXUDWLRQVWKDW
HQFORVHGUDFHZD\VWKHPLQLPXP        LQYROYHHQFORVHGUDFHZD\V
VHSDUDWLRQLVLQFKLQERWK          WKHPLQLPXPYHUWLFDODQG
KRUL]RQWDODQGYHUWLFDOGLUHFWLRQV  KRUL]RQWDOVHSDUDWLRQLV
                                                                                LQFK
                                           7KHPLQLPXPYHUWLFDO               7KHPLQLPXPYHUWLFDO
VHSDUDWLRQLVLQFKDQGWKH        VHSDUDWLRQLVLQFKDQGWKH
PLQLPXPKRUL]RQWDOVHSDUDWLRQLV    PLQLPXPKRUL]RQWDO
                                          LQFKIRUFRQILJXUDWLRQVZLWKD    VHSDUDWLRQLVLQFKIRU
QRQVDIHW\FRQGXLWDQGDIUHHDLU    FRQILJXUDWLRQVZLWKDQRQ
VDIHW\FDEOHZLWKORZYROWDJH        VDIHW\FRQGXLWDQGDIUHHDLU
SRZHUFDEOHVDQGEHORZ              VDIHW\FDEOHZLWKORZYROWDJH
                                                                              SRZHUFDEOHVDQGEHORZ
                                                                                  
  
                                                
3DJHRI}}

Revision as of 07:31, 21 October 2019

2018/04/18 Vogtle COL Docs - SNC Responses to Icn/Uin Comment Status Sheet for 4/19 Public Meeting
ML18108A417
Person / Time
Site: Vogtle  Southern Nuclear icon.png
Issue date: 04/18/2018
From:
NRC
To:
NRC/NRO/DNRL/LB4
References
Download: ML18108A417 (14)


Text

Vogtle PEmails From: Hoellman, Jordan Sent: Wednesday, April 18, 2018 3:41 PM To: Vogtle PEmails

Subject:

SNC Responses to ICN/UIN Comment Status Sheet for 4/19 Public Meeting Attachments: UIN ICN comment status sheet April 19 SNC responses.pdf; pages from ML17279A084 LAR 17-036.pdf Attached are SNCs responses to the ICN/UIN Comment Status Sheet for discussion at the public meeting on April 19, 2018.

1

Hearing Identifier: Vogtle_COL_Docs_Public Email Number: 260 Mail Envelope Properties (SN6PR09MB26080094FCDD33E9636FFDD5D5B60)

Subject:

SNC Responses to ICN/UIN Comment Status Sheet for 4/19 Public Meeting Sent Date: 4/18/2018 3:41:17 PM Received Date: 4/18/2018 3:41:21 PM From: Hoellman, Jordan Created By: Jordan.Hoellman2@nrc.gov Recipients:

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

Tracking Status: None Post Office: SN6PR09MB2608.namprd09.prod.outlook.com Files Size Date & Time MESSAGE 142 4/18/2018 3:41:21 PM UIN ICN comment status sheet April 19 SNC responses.pdf 82310 pages from ML17279A084 LAR 17-036.pdf 234840 Options Priority: Standard Return Notification: No Reply Requested: No Sensitivity: Normal Expiration Date:

Recipients Received:

VOGTLE ICN/UIN ISSUES TRACKING SHEET Date ITEM # ICN TOPIC ITAAC ISSUE Licensee Comment UIN INDEX #

4/19 1 UIN Class 1E cable 789 - 811 We would like to discuss SNCs separation plan for executing these ITAAC ITAAC and possible grouping of the submitted closure submittals especially for UINs: 793, 799 - 811 which work off of 794, 797, each other.

800, 803 Specific comments are provided below:

1. The example D2 in NEI 08-01 combined all four ITAAC into one ICN in that the primary ITAAC is ITAAC 3.3.00.07d.ii.a with ITAAC 3.3.00.07d.iii.a, 3.3.00.07d.iv.a, and 3.3.00.07d.v.a dealing with exceptions.

SNC response: The UINs mentioned above were also grouped and sent on one UIN (Reference ND-18-0413, dated 3/27/18).

2. The example D2 discusses pulling cables and termination tickets for cables after raceway verification, the new UIN for ITAAC 3.3.00.07d.ii.a does not.

SNC response: The referenced UINs state that completed raceway installation, in-progress cable installation, and completed cable terminations are inspected. While cable pull and termination tickets will be performed, the inspections will be used to verify that the ITAAC criteria have been met. This methodology is consistent with previously accepted UINs 3.3.00.07aa (789),

3.3.00.07ab (790), and 3.3.00.07ac (791).

3. APP-GW-E1-001 is a non-public document which means that some critical separation criteria identified in it should be included in the UIN for ITAAC 3.3.00.07d.ii.a.

SNC response: Separation criteria must meet the ITAAC requirement which is verified by as-built inspections. Specific design requirements given in APP-GW-E1-001 are outside the scope of this UIN, as the as-built condition must satisfy the ITAAC requirements regardless of the design specifications. APP-GW-E1-001 was referenced to show that the design was translated in to installation specifications. This reference is consistent with what was used in previously accepted UINs 3.3.00.07aa (789), 3.3.00.07ab (790), and 3.3.00.07ac 1 (791).

4. ITAAC 3.3.00.07d.iii.a, 3.3.00.07d.iv.a, and 3.3.00.07d.v.a are listed as enclosures to UIN for ITAAC 3.3.00.07d.ii.a when they are not.

SNC response: These UINs were submitted as 4 enclosures on a single letter.

5. In what order are ITAAC 3.3.00.07d.iii.a, 3.3.00.07d.iv.a, and 3.3.00.07d.v.a utilized to deal with exceptions to ITAAC 3.3.00.07d.ii.a?

SNC response: Every cable and raceway is individually inspected and verified to meet requirements. As such, inspections do not occur in a tiered approach by ITAAC.

6. UIN for ITAAC 3.3.00.07d.iii.a discusses enclosed trays, but there is no reference that identifies what that means that is in public domain.

SNC response: This definition was addressed in approved LAR-17-036, which revised these ITAAC and added definitions for enclosed raceways to UFSAR Subsection 8.3.2.4.2, which is in the public domain. The relevant marked up LAR pages are attached on pages 2 and 3 of LAR enclosure 3.

7. UIN for ITAAC 3.3.00.07d.iii.a does not state whether barriers are between cables in different divisions or raceways.

SNC response: This ITAAC requires that circuits be ran in enclosed raceways or barriers be provided when separation distances between raceways are not met; therefore, the circuits will be provided with enclosed raceway or with a barrier.

4/19 2 public Feedback on public website website discrepancies.

2









6RXWKHUQ1XFOHDU2SHUDWLQJ&RPSDQ\





1'

(QFORVXUH





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





3URSRVHG&KDQJHVWR/LFHQVLQJ%DVLV'RFXPHQWV

/$5 



,QVHUWLRQV'HQRWHGE\%OXH8QGHUOLQHDQG'HOHWLRQVE\5HG6WULNHWKURXJK

  • UHHQWH[WLQGLFDWHVVLPSOHUHORFDWLRQRIH[LVWLQJLQIRUPDWLRQ

2PLWWHGWH[WLVLGHQWLILHGE\WKUHHDVWHULVNV     

















7KLV(QFORVXUHFRQVLVWVRISDJHVLQFOXGLQJWKLVFRYHUSDJH





1'

(QFORVXUH

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



8)6$56XEVHFWLRQ³5DFHZD\DQG&DEOH5RXWLQJ'LVUHYLVHGDVVKRZQEHORZ

  

&DEOHVRIRQHVHSDUDWLRQJURXSDUHUXQLQVHSDUDWHUDFHZD\DQGSK\VLFDOO\VHSDUDWHGIURP

FDEOHVRIRWKHUVHSDUDWLRQJURXSV*URXS1UDFHZD\VDUHVHSDUDWHGIURPVDIHW\UHODWHG

JURXSV$%&DQG' 6HSDUDWLRQEHWZHHQVDIHW\UHODWHGJURXSVDQGEHWZHHQVDIHW\

UHODWHGJURXSVDQGQRQVDIHW\UHODWHGFDEOHVDUHURXWHG5DFHZD\VIURPJURXS1DUHURXWHGLQ

WKHVDPHDUHDVDVWKHVDIHW\UHODWHGJURXSVDFFRUGLQJWRVSDWLDOVHSDUDWLRQVWLSXODWHGLQ

5HJXODWRU\*XLGHDQG,(((ZLWKWKHIROORZLQJH[FHSWLRQVOLVWHGEHORZ

1RWH,IQRWH[SOLFLWO\VSHFLILHGEHORZHQFORVHGUDFHZD\DQGHQFORVHGFRQILJXUDWLRQUHIHU

WRFRQGXLWHQFORVHGWUD\VRUWUDQVLWLRQER[HVGHVLJQHGDQGXVHGIRUVXSSRUWLQJRUHQFORVLQJ

ZLUHVFDEOHVRUEXVEDUV2SHQFRQILJXUDWLRQUHIHUVWRIUHHDLUFDEOHDQGRSHQFDEOHWUD\V

7KHH[FHSWLRQVDUHOLPLWHGWRORZYROWDJHSRZHUV\VWHPDSSOLFDWLRQVDQGEHORZ

LQVWUXPHQWDWLRQDQGFRQWURO 

x :LWKLQWKHPDLQFRQWUROURRPDQGUHPRWHVKXWGRZQURRP QRQKD]DUGDUHDV WKH

PLQLPXPYHUWLFDOVHSDUDWLRQIRURSHQWRSFDEOHWUD\LVLQFKHVDQGWKHPLQLPXP

KRUL]RQWDOVHSDUDWLRQLVLQFK

x :LWKLQJHQHUDOSODQWDUHDV OLPLWHGKD]DUGDUHDV WKHPLQLPXPYHUWLFDOVHSDUDWLRQLV

LQFKHVDQGWKHPLQLPXPKRUL]RQWDOVHSDUDWLRQLVLQFKHVIRURSHQWRSFDEOHWUD\VZLWK

ORZYROWDJHSRZHUFLUFXLWVIRUFDEOHVL]HV$:*)RUFRQILJXUDWLRQVWKDWLQYROYH

H[FOXVLYHO\OLPLWHGHQHUJ\FRQWHQWFDEOHV LQVWUXPHQWDWLRQDQGFRQWURO WKHVHPLQLPXP

GLVWDQFHVDUHUHGXFHGWRLQFKHVDQGLQFKUHVSHFWLYHO\

x :LWKLQSDQHOVDQGFRQWUROVZLWFKERDUGVWKHPLQLPXPKRUL]RQWDOVHSDUDWLRQEHWZHHQ

FRPSRQHQWVRUFDEOHVRIGLIIHUHQWVHSDUDWLRQJURXSV ERWKILHOGURXWHGDQGYHQGRU VXSSOLHGLQWHUQDOZLULQJ LVLQFKDQGWKHPLQLPXPYHUWLFDOVHSDUDWLRQGLVWDQFHLV

LQFKHV

x )RUFRQILJXUDWLRQVLQYROYLQJDQHQFORVHGUDFHZD\DQGDQRSHQUDFHZD\WKHPLQLPXP

YHUWLFDOVHSDUDWLRQLVLQFKLIWKHHQFORVHGUDFHZD\LVEHORZWKHRSHQUDFHZD\

1RQKD]DUG$UHD([FHSWLRQV

x 7KHPLQLPXPYHUWLFDOVHSDUDWLRQLVLQFKHVDQGWKHPLQLPXPKRUL]RQWDOVHSDUDWLRQ

LVLQFKEHWZHHQRSHQWRHQFORVHGFRQILJXUDWLRQVIRUFRQILJXUDWLRQVLQYROYLQJORZ YROWDJHSRZHUFDEOHV

x 7KHPLQLPXPYHUWLFDOVHSDUDWLRQLVLQFKDQGWKHPLQLPXPKRUL]RQWDOVHSDUDWLRQLVLQFK

EHWZHHQRSHQFRQILJXUDWLRQVDQGEHWZHHQRSHQWRFORVHGFRQILJXUDWLRQVIRU

FRQILJXUDWLRQVWKDWLQYROYHH[FOXVLYHO\OLPLWHGHQHUJ\FRQWHQWFDEOHV LQVWUXPHQWDWLRQDQG

FRQWURO 

x )RUFRQILJXUDWLRQVLQYROYLQJORZYROWDJHSRZHUFDEOHVZLWKLQDQHQFORVHGUDFHZD\

DQGDQRSHQUDFHZD\WKHPLQLPXPYHUWLFDOVHSDUDWLRQLVLQFKLIWKHHQFORVHG

UDFHZD\LVEHORZWKHRSHQUDFHZD\

x :LWKLQSDQHOVDQGFRQWUROVZLWFKERDUGVWKHPLQLPXPKRUL]RQWDOVHSDUDWLRQEHWZHHQ

FRPSRQHQWVRU FDEOHV RI GLIIHUHQWVHSDUDWLRQJURXSV ERWK ILHOGURXWHGDQG YHQGRU VXSSOLHGLQWHUQDO ZLULQJ  LV  LQFK DQG WKH PLQLPXP YHUWLFDO VHSDUDWLRQ GLVWDQFH LV

LQFKHV

3DJHRI

1'

(QFORVXUH

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



/LPLWHG+D]DUG$UHD([FHSWLRQV

x 7KHPLQLPXPYHUWLFDOVHSDUDWLRQLVLQFKDQGWKHPLQLPXPKRUL]RQWDOVHSDUDWLRQ

LVLQFKZLWKFRQILJXUDWLRQVWKDWLQYROYHH[FOXVLYHO\OLPLWHGHQHUJ\FRQWHQWFDEOHV

LQVWUXPHQWDWLRQDQGFRQWURO 

x 7KHPLQLPXPYHUWLFDOVHSDUDWLRQLVLQFKHVDQGWKHPLQLPXPKRUL]RQWDO

VHSDUDWLRQLVLQFKHVZLWKFRQILJXUDWLRQVWKDWLQYROYHORZYROWDJHSRZHUFDEOHVIRU

FDEOHVL]HVOHVVWKDQDQGHTXDOWR$:*7KHPLQLPXPYHUWLFDOVHSDUDWLRQPD\

EHUHGXFHGWRLQFKHVIRUWKHFRQILJXUDWLRQZLWKDFRQGXLWDERYHDQGFURVVLQJDQ

RSHQWUD\DWDQDQJOHHTXDOWRRUJUHDWHUWKDQGHJUHHV

x 7KHPLQLPXPYHUWLFDOVHSDUDWLRQLVLQFKHVDQGWKHPLQLPXPKRUL]RQWDO

VHSDUDWLRQLVLQFKHVEHWZHHQDFRQGXLWDQGDQRSHQFRQILJXUDWLRQIRUORZYROWDJH

SRZHUFDEOHVJUHDWHUWKDQ$:*EXWQRWJUHDWHUWKDQNFPLO7KHYHUWLFDO

VHSDUDWLRQPD\EHUHGXFHGWRLQFKHVLIWKHFRQGXLWLVDERYHDQGFURVVLQJDQRSHQ

WUD\DWDQDQJOHHTXDOWRRUJUHDWHUWKDQGHJUHHV

x 7KHPLQLPXPYHUWLFDOVHSDUDWLRQLVLQFKLIWKHHQFORVHGUDFHZD\LVEHORZWKH

RSHQUDFHZD\IRUORZYROWDJHSRZHUFDEOHV

x 7KHPLQLPXPYHUWLFDOVHSDUDWLRQLVLQFKDQGWKHPLQLPXPKRUL]RQWDOVHSDUDWLRQLV

LQFKIRUFRQILJXUDWLRQVZLWKDQRQVDIHW\FRQGXLWDQGDIUHHDLUVDIHW\FDEOHZLWK

ORZYROWDJHSRZHUFDEOHVDQGEHORZ

x :LWKLQSDQHOVDQGFRQWUROVZLWFKERDUGVWKHPLQLPXPKRUL]RQWDOVHSDUDWLRQ

EHWZHHQFRPSRQHQWVRUFDEOHVRIGLIIHUHQWVHSDUDWLRQJURXSV ERWKILHOGURXWHG

DQGYHQGRUVXSSOLHGLQWHUQDOZLULQJ LVLQFKDQGWKHPLQLPXPYHUWLFDOVHSDUDWLRQ

GLVWDQFHLVLQFKHV

+D]DUG$UHD([FHSWLRQV

LWKLQKD]DUGDUHDVWKHPLQLPXPVSDWLDOVHSDUDWLRQEHWZHHQVDIHW\UHODWHGJURXSVDQG

EHWZHHQVDIHW\UHODWHGJURXSVDQGQRQVDIHW\UHODWHGFDEOHVLVWKHVDPHDVWKHVSDWLDO

VHSDUDWLRQDSSOLFDEOHLQOLPLWHGKD]DUGDUHDVXQOHVVRWKHUZLVHVSHFLILHGE\,(((IRU

DQH[WHUQDOKD]DUG

7KHH[FHSWLRQVWRWKHJXLGDQFHLQ5HJXODWRU\*XLGHDUHEDVHGRQWHVWUHVXOWVXVHGWR

VXSSRUWH[FHSWLRQVWRWKHVHSDUDWLRQJXLGDQFHIRURSHUDWLQJQXFOHDUSRZHUSODQWV$

VXPPDU\RIWHVWUHVXOWVIURPWHQHOHFWULFDOVHSDUDWLRQWHVWSURJUDPVLVGRFXPHQWHGLQ

5HIHUHQFH7KHVHWHVWSURJUDPVVXSSRUWWKH$3H[FHSWLRQV

  





8)6$56XEVHFWLRQ³+D]DUG3URWHFWLRQ'LVUHYLVHGDVVKRZQEHORZ

KHUHUHGXQGDQWVDIHW\UHODWHGDQGQRQVDIHW\UHODWHGUDFHZD\V\VWHPVWUDYHUVHHDFKRWKHU

VHSDUDWLRQLQDFFRUGDQFHZLWK5HJXODWRU\*XLGHDQG,(((LVPDLQWDLQHG 6HH

8)6$56XEVHFWLRQIRUVHSDUDWLRQUHTXLUHPHQWVLQKD]DUGDUHDV

  

 

3DJHRI

1'

(QFORVXUH

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



&2/$SSHQGL[&7DEOHDQGFRUUHVSRQGLQJ3ODQW6SHFLILF7LHU7DEOHDUH

UHYLVHGDVVKRZQEHORZ



1R ,7$$&1R 'HVLJQ&RPPLWPHQW ,QVSHFWLRQV7HVWV$QDO\VLV $FFHSWDQFH&ULWHULD

 GL G 3K\VLFDOVHSDUDWLRQLV ,QVSHFWLRQVRIWKHDVEXLOW&ODVV 5HVXOWVRIWKHLQVSHFWLRQZLOO

PDLQWDLQHGEHWZHHQ&ODVV( (UDFHZD\VZLOOEHSHUIRUPHGWR FRQILUPWKDWWKHVHSDUDWLRQ

GLYLVLRQVDQGEHWZHHQ&ODVV( FRQILUPWKDWWKHVHSDUDWLRQ EHWZHHQ&ODVV(UDFHZD\V

GLYLVLRQVDQGQRQ&ODVV( EHWZHHQ&ODVV(UDFHZD\VRI RIGLIIHUHQWGLYLVLRQVDQG

FDEOHV GLIIHUHQWGLYLVLRQVDQGEHWZHHQ EHWZHHQ&ODVV(UDFHZD\V

 &ODVV(UDFHZD\VDQGQRQ&ODVV DQGQRQ&ODVV(UDFHZD\VLV

(UDFHZD\VLVFRQVLVWHQWZLWKWKH FRQVLVWHQWZLWKWKHIROORZLQJ

IROORZLQJ 

L :LWKLQWKHPDLQFRQWUROURRP L :LWKLQWKHPDLQFRQWURO

DQGUHPRWHVKXWGRZQURRP QRQ URRPDQGUHPRWHVKXWGRZQ

KD]DUGDUHDV WKHPLQLPXP URRP QRQKD]DUGDUHDV WKH

VHSDUDWLRQIRUORZYROWDJHSRZHU PLQLPXPVHSDUDWLRQIRUORZ

FDEOHVDQGEHORZLVGHILQHGE\ YROWDJHSRZHUFDEOHVDQG

RQHRIWKHIROORZLQJ EHORZPHHWVRQHRIWKH

 IROORZLQJ

 

 )RUFRQILJXUDWLRQVLQYROYLQJ  )RUFRQILJXUDWLRQV

RSHQWRSUDFHZD\VFRQILJXUDWLRQV LQYROYLQJRSHQWRSUDFHZD\V

WRHQFORVHGFRQILJXUDWLRQVZLWK FRQILJXUDWLRQVWRHQFORVHG

ORZYROWDJHSRZHUFDEOHVWKH FRQILJXUDWLRQVZLWKORZ

PLQLPXPYHUWLFDOVHSDUDWLRQLV YROWDJHSRZHUFDEOHVWKH

LQFKHVDQGWKHPLQLPXP YHUWLFDOVHSDUDWLRQLVLQFKHV

KRUL]RQWDOVHSDUDWLRQLVLQFK RUPRUHDQGWKHKRUL]RQWDO

 VHSDUDWLRQLVLQFKRUPRUH

 )RUFRQILJXUDWLRQVLQYROYLQJDQ  )RUFRQILJXUDWLRQVWKDW

HQFORVHGUDFHZD\DQGDQRSHQ LQYROYHDQHQFORVHGUDFHZD\

UDFHZD\ZLWKORZYROWDJHSRZHU DQGDQRSHQUDFHZD\ZLWK

FDEOHVWKHPLQLPXPKRUL]RQWDO ORZYROWDJHSRZHUFDEOHVWKH

DQGYHUWLFDOVHSDUDWLRQLVLQFKLI PLQLPXPKRUL]RQWDODQG

WKHHQFORVHGUDFHZD\LVEHORZWKH YHUWLFDOVHSDUDWLRQPD\EH

RSHQUDFHZD\ UHGXFHGWRLQFKLIWKH

 HQFORVHGUDFHZD\LVEHORZ

 WKHRSHQUDFHZD\

 )RUFRQILJXUDWLRQVLQYROYLQJ  )RUFRQILJXUDWLRQVWKDW

HQFORVHGUDFHZD\VWKHPLQLPXP LQYROYHHQFORVHGUDFHZD\V

VHSDUDWLRQLVLQFKLQERWK WKHPLQLPXPVHSDUDWLRQLV

KRUL]RQWDODQGYHUWLFDOGLUHFWLRQV LQFKLQERWKKRUL]RQWDODQG

 YHUWLFDOGLUHFWLRQV

 )RUFRQILJXUDWLRQVLQYROYLQJ  )RUFRQILJXUDWLRQVWKDW

RSHQFRQILJXUDWLRQVDQGDQ LQYROYHRSHQFRQILJXUDWLRQV

HQFORVHGUDFHZD\DQGDQRSHQ DQGDQHQFORVHGUDFHZD\DQG

UDFHZD\ZLWKLQVWUXPHQWDWLRQDQG DQRSHQUDFHZD\ZLWK

FRQWUROFDEOHVWKHPLQLPXP LQVWUXPHQWDWLRQDQGFRQWURO

VHSDUDWLRQLVLQFKLQERWK FDEOHVWKHPLQLPXP

KRUL]RQWDODQGYHUWLFDOGLUHFWLRQV VHSDUDWLRQLVLQFKLQERWK

 KRUL]RQWDODQGYHUWLFDO

GLUHFWLRQV

3DJHRI

1'

(QFORVXUH

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



1R ,7$$&1R 'HVLJQ&RPPLWPHQW ,QVSHFWLRQV7HVWV$QDO\VLV $FFHSWDQFH&ULWHULD

 GLLD G 3K\VLFDOVHSDUDWLRQLV ,QVSHFWLRQVRIWKHDVEXLOW&ODVV 5HVXOWVRIWKHLQVSHFWLRQZLOO

PDLQWDLQHGEHWZHHQ&ODVV( (UDFHZD\VZLOOEHSHUIRUPHGWR FRQILUPWKDWWKHVHSDUDWLRQ

GLYLVLRQVDQGEHWZHHQ&ODVV( FRQILUPWKDWWKHVHSDUDWLRQ EHWZHHQ&ODVV(UDFHZD\V

GLYLVLRQVDQGQRQ&ODVV( EHWZHHQ&ODVV(UDFHZD\VRI RIGLIIHUHQWGLYLVLRQVDQG

FDEOHV GLIIHUHQWGLYLVLRQVDQGEHWZHHQ EHWZHHQ&ODVV(UDFHZD\V

&ODVV(UDFHZD\VDQGQRQ&ODVV DQGQRQ&ODVV(UDFHZD\VLV

(UDFHZD\VLVFRQVLVWHQWZLWKWKH WKHIROORZLQJ

IROORZLQJ 

LLD :LWKLQRWKHUSODQWDUHDV LLD :LWKLQRWKHUSODQWDUHDV

OLPLWHGKD]DUGDUHDV WKH LQVLGHFRQWDLQPHQW OLPLWHG

PLQLPXPVHSDUDWLRQLVGHILQHGE\ KD]DUGDUHDV WKHVHSDUDWLRQ

RQHRIWKHIROORZLQJ PHHWVRQHRIWKHIROORZLQJ

 7KHPLQLPXPYHUWLFDO  7KHYHUWLFDOVHSDUDWLRQLV

VHSDUDWLRQLVIHHWDQGWKH IHHWRUPRUHDQGWKH

PLQLPXPKRUL]RQWDOVHSDUDWLRQLV KRUL]RQWDOVHSDUDWLRQLVIHHW

IHHW RUPRUH

 7KHPLQLPXPYHUWLFDO  7KHPLQLPXPYHUWLFDO

VHSDUDWLRQLVLQFKHVDQGWKH VHSDUDWLRQLVLQFKHVDQG

PLQLPXPKRUL]RQWDOVHSDUDWLRQLV WKHPLQLPXPKRUL]RQWDO

LQFKHVIRUUDFHZD\VFRQWDLQLQJ VHSDUDWLRQLVLQFKHVIRU

RQO\LQVWUXPHQWDWLRQDQGFRQWURO UDFHZD\VFRQWDLQLQJRQO\

DQGORZYROWDJHSRZHUFDEOHV LQVWUXPHQWDWLRQDQGFRQWURO

$:* 7KLVPLQLPXP DQGORZYROWDJHSRZHUFDEOHV

YHUWLFDOVHSDUDWLRQLVLQFKHVIRU $:* 7KLVPLQLPXP

WKHFRQILJXUDWLRQZLWKDFRQGXLW YHUWLFDOVHSDUDWLRQPD\EH

DERYHDQGFURVVLQJWKHRSHQWUD\ UHGXFHGWRLQFKHVIRUWKH

DWDQDQJOHHTXDOWRRUJUHDWHUWKDQ FRQILJXUDWLRQZLWKDFRQGXLW

GHJUHHV DERYHDQGFURVVLQJWKHRSHQ

 WUD\DWDQDQJOHHTXDOWRRU

 JUHDWHUWKDQGHJUHHV

 7KHPLQLPXPYHUWLFDO  7KHPLQLPXPYHUWLFDO

VHSDUDWLRQLVLQFKHVDQGWKH VHSDUDWLRQLVLQFKHVDQG

PLQLPXPKRUL]RQWDOVHSDUDWLRQLV WKHPLQLPXPKRUL]RQWDO

LQFKHVEHWZHHQDFRQGXLWDQGDQ VHSDUDWLRQLVLQFKHV

RSHQFRQILJXUDWLRQIRUORZ EHWZHHQDFRQGXLWDQGDQ

YROWDJHSRZHUFDEOHVJUHDWHUWKDQ RSHQFRQILJXUDWLRQIRUORZ

$:*EXWQRWJUHDWHUWKDQ YROWDJHSRZHUFDEOHVJUHDWHU

NFPLO7KHYHUWLFDO WKDQ$:*EXWQRWJUHDWHU

VHSDUDWLRQLVLQFKHVLIDFRQGXLW WKDQNFPLO7KHYHUWLFDO

LVDERYHDQGFURVVLQJDQRSHQWUD\ VHSDUDWLRQPD\EHUHGXFHGWR

DWDQDQJOHHTXDOWRRUJUHDWHUWKDQ LQFKHVLIDFRQGXLWLVDERYH

GHJUHHV DQGFURVVLQJDQRSHQWUD\DW

 DQDQJOHHTXDOWRRUJUHDWHU

WKDQGHJUHHV



3DJHRI

1'

(QFORVXUH

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



1R ,7$$&1R 'HVLJQ&RPPLWPHQW ,QVSHFWLRQV7HVWV$QDO\VLV $FFHSWDQFH&ULWHULD

    )RUFRQILJXUDWLRQVWKDW  )RUFRQILJXUDWLRQVWKDW

FRQW  LQYROYHH[FOXVLYHO\OLPLWHGHQHUJ\ LQYROYHH[FOXVLYHO\OLPLWHG

FRQWHQWFDEOHV LQVWUXPHQWDWLRQ HQHUJ\FRQWHQWFDEOHV

DQGFRQWURO WKHPLQLPXP LQVWUXPHQWDWLRQDQGFRQWURO 

YHUWLFDOVHSDUDWLRQLVLQFKHV WKHPLQLPXPYHUWLFDO

DQGWKHPLQLPXPKRUL]RQWDO VHSDUDWLRQLVLQFKHVDQG

VHSDUDWLRQLVLQFK WKHPLQLPXPKRUL]RQWDO

 VHSDUDWLRQLVLQFK

 )RUFRQILJXUDWLRQVLQYROYLQJ  )RUFRQILJXUDWLRQVWKDW

DQHQFORVHGUDFHZD\DQGDQRSHQ LQYROYHDQHQFORVHGUDFHZD\

UDFHZD\ZLWKORZYROWDJHSRZHU DQGDQRSHQUDFHZD\ZLWK

FDEOHVWKHPLQLPXPYHUWLFDO ORZYROWDJHSRZHUFDEOHVWKH

VHSDUDWLRQLVLQFKLIWKHHQFORVHG PLQLPXPYHUWLFDOVHSDUDWLRQ

UDFHZD\LVEHORZWKHRSHQ LVLQFKLIWKHHQFORVHG

UDFHZD\ UDFHZD\LVEHORZWKHRSHQ

 UDFHZD\

 )RUFRQILJXUDWLRQLQYROYLQJ  )RUFRQILJXUDWLRQVWKDW

HQFORVHGUDFHZD\VWKHPLQLPXP LQYROYHHQFORVHGUDFHZD\V

VHSDUDWLRQLVLQFKLQERWK WKHPLQLPXPYHUWLFDODQG

KRUL]RQWDODQGYHUWLFDOGLUHFWLRQV KRUL]RQWDOVHSDUDWLRQLV

 LQFK

 7KHPLQLPXPYHUWLFDO  7KHPLQLPXPYHUWLFDO

VHSDUDWLRQLVLQFKDQGWKH VHSDUDWLRQLVLQFKDQGWKH

PLQLPXPKRUL]RQWDOVHSDUDWLRQLV PLQLPXPKRUL]RQWDO

LQFKIRUFRQILJXUDWLRQVZLWKD VHSDUDWLRQLVLQFKIRU

QRQVDIHW\FRQGXLWDQGDIUHHDLU FRQILJXUDWLRQVZLWKDQRQ

VDIHW\FDEOHZLWKORZYROWDJH VDIHW\FRQGXLWDQGDIUHHDLU

SRZHUFDEOHVDQGEHORZ VDIHW\FDEOHZLWKORZYROWDJH

 SRZHUFDEOHVDQGEHORZ



3DJHRI

1'

(QFORVXUH

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



1R ,7$$&1R 'HVLJQ&RPPLWPHQW ,QVSHFWLRQV7HVWV$QDO\VLV $FFHSWDQFH&ULWHULD

 GLLE G 3K\VLFDOVHSDUDWLRQLV ,QVSHFWLRQVRIWKHDVEXLOW&ODVV 5HVXOWVRIWKHLQVSHFWLRQZLOO

PDLQWDLQHGEHWZHHQ&ODVV( (UDFHZD\VZLOOEHSHUIRUPHGWR FRQILUPWKDWWKHVHSDUDWLRQ

GLYLVLRQVDQGEHWZHHQ&ODVV( FRQILUPWKDWWKHVHSDUDWLRQ EHWZHHQ&ODVV(UDFHZD\V

GLYLVLRQVDQGQRQ&ODVV( EHWZHHQ&ODVV(UDFHZD\VRI RIGLIIHUHQWGLYLVLRQVDQG

FDEOHV GLIIHUHQWGLYLVLRQVDQGEHWZHHQ EHWZHHQ&ODVV(UDFHZD\V

&ODVV(UDFHZD\VDQGQRQ&ODVV DQGQRQ&ODVV(UDFHZD\VLV

(UDFHZD\VLVFRQVLVWHQWZLWKWKH WKHIROORZLQJ

IROORZLQJ 

LLE :LWKLQRWKHUSODQWDUHDV LLE :LWKLQRWKHUSODQWDUHDV

OLPLWHGKD]DUGDUHDV WKH LQVLGHWKHQRQUDGLRORJLFDOO\

PLQLPXPVHSDUDWLRQLVGHILQHGE\ FRQWUROOHGDUHDRIWKH

RQHRIWKHIROORZLQJ DX[LOLDU\EXLOGLQJ OLPLWHG

 KD]DUGDUHDV WKHVHSDUDWLRQ

 PHHWVRQHRIWKHIROORZLQJ

 7KHPLQLPXPYHUWLFDO  7KHYHUWLFDOVHSDUDWLRQLV

VHSDUDWLRQLVIHHWDQGWKH IHHWRUPRUHDQGWKH

PLQLPXPKRUL]RQWDOVHSDUDWLRQLV KRUL]RQWDOVHSDUDWLRQLVIHHW

IHHW RUPRUH

 7KHPLQLPXPYHUWLFDO  7KHPLQLPXPYHUWLFDO

VHSDUDWLRQLVLQFKHVDQGWKH VHSDUDWLRQLVLQFKHVDQG

PLQLPXPKRUL]RQWDOVHSDUDWLRQLV WKHPLQLPXPKRUL]RQWDO

LQFKHVIRUUDFHZD\VFRQWDLQLQJ VHSDUDWLRQLVLQFKHVIRU

RQO\LQVWUXPHQWDWLRQDQGFRQWURO UDFHZD\VFRQWDLQLQJRQO\

DQGORZYROWDJHSRZHUFDEOHV LQVWUXPHQWDWLRQDQGFRQWURO

$:* 7KLVPLQLPXP DQGORZYROWDJHSRZHUFDEOHV

YHUWLFDOVHSDUDWLRQLVLQFKHVIRU $:* 7KLVPLQLPXP

WKHFRQILJXUDWLRQZLWKDFRQGXLW YHUWLFDOVHSDUDWLRQPD\EH

DERYHDQGFURVVLQJWKHRSHQWUD\ UHGXFHGWRLQFKHVIRUWKH

DWDQDQJOHHTXDOWRRUJUHDWHUWKDQ FRQILJXUDWLRQZLWKDFRQGXLW

GHJUHHV DERYHDQGFURVVLQJWKHRSHQ

 WUD\DWDQDQJOHHTXDOWRRU

 JUHDWHUWKDQGHJUHHV

 7KHPLQLPXPYHUWLFDO  7KHPLQLPXPYHUWLFDO

VHSDUDWLRQLVLQFKHVDQGWKH VHSDUDWLRQLVLQFKHVDQG

PLQLPXPKRUL]RQWDOVHSDUDWLRQLV WKHPLQLPXPKRUL]RQWDO

LQFKHVEHWZHHQDFRQGXLWDQGDQ VHSDUDWLRQLVLQFKHV

RSHQFRQILJXUDWLRQIRUORZ EHWZHHQDFRQGXLWDQGDQ

YROWDJHSRZHUFDEOHVJUHDWHUWKDQ RSHQFRQILJXUDWLRQIRUORZ

$:*EXWQRWJUHDWHUWKDQ YROWDJHSRZHUFDEOHVJUHDWHU

NFPLO7KHYHUWLFDO WKDQ$:*EXWQRWJUHDWHU

VHSDUDWLRQLVLQFKHVLIDFRQGXLW WKDQNFPLO7KHYHUWLFDO

LVDERYHDQGFURVVLQJDQRSHQWUD\ VHSDUDWLRQPD\EHUHGXFHGWR

DWDQDQJOHHTXDOWRRUJUHDWHUWKDQ LQFKHVLIDFRQGXLWLVDERYH

GHJUHHV DQGFURVVLQJDQRSHQWUD\DW

 DQDQJOHHTXDOWRRUJUHDWHU

WKDQGHJUHHV



3DJHRI

1'

(QFORVXUH

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



1R ,7$$&1R 'HVLJQ&RPPLWPHQW ,QVSHFWLRQV7HVWV$QDO\VLV $FFHSWDQFH&ULWHULD

    )RUFRQILJXUDWLRQVWKDW  )RUFRQILJXUDWLRQVWKDW

FRQW  LQYROYHH[FOXVLYHO\OLPLWHGHQHUJ\ LQYROYHH[FOXVLYHO\OLPLWHG

FRQWHQWFDEOHV LQVWUXPHQWDWLRQ HQHUJ\FRQWHQWFDEOHV

DQGFRQWURO WKHPLQLPXP LQVWUXPHQWDWLRQDQGFRQWURO 

YHUWLFDOVHSDUDWLRQLVLQFKHV WKHPLQLPXPYHUWLFDO

DQGWKHPLQLPXPKRUL]RQWDO VHSDUDWLRQLVLQFKHVDQG

VHSDUDWLRQLVLQFK WKHPLQLPXPKRUL]RQWDO

 VHSDUDWLRQLVLQFK

 )RUFRQILJXUDWLRQVLQYROYLQJ  )RUFRQILJXUDWLRQVWKDW

DQHQFORVHGUDFHZD\DQGDQRSHQ LQYROYHDQHQFORVHGUDFHZD\

UDFHZD\ZLWKORZYROWDJHSRZHU DQGDQRSHQUDFHZD\ZLWK

FDEOHVWKHPLQLPXPYHUWLFDO ORZYROWDJHSRZHUFDEOHVWKH

VHSDUDWLRQLVLQFKLIWKHHQFORVHG PLQLPXPYHUWLFDOVHSDUDWLRQ

UDFHZD\LVEHORZWKHRSHQ LVLQFKLIWKHHQFORVHG

UDFHZD\ UDFHZD\LVEHORZWKHRSHQ

 UDFHZD\

 )RUFRQILJXUDWLRQLQYROYLQJ  )RUFRQILJXUDWLRQVWKDW

HQFORVHGUDFHZD\VWKHPLQLPXP LQYROYHHQFORVHGUDFHZD\V

VHSDUDWLRQLVLQFKLQERWK WKHPLQLPXPYHUWLFDODQG

KRUL]RQWDODQGYHUWLFDOGLUHFWLRQV KRUL]RQWDOVHSDUDWLRQLV

 LQFK

 7KHPLQLPXPYHUWLFDO  7KHPLQLPXPYHUWLFDO

VHSDUDWLRQLVLQFKDQGWKH VHSDUDWLRQLVLQFKDQGWKH

PLQLPXPKRUL]RQWDOVHSDUDWLRQLV PLQLPXPKRUL]RQWDO

LQFKIRUFRQILJXUDWLRQVZLWKD VHSDUDWLRQLVLQFKIRU

QRQVDIHW\FRQGXLWDQGDIUHHDLU FRQILJXUDWLRQVZLWKDQRQ

VDIHW\FDEOHZLWKORZYROWDJH VDIHW\FRQGXLWDQGDIUHHDLU

SRZHUFDEOHVDQGEHORZ VDIHW\FDEOHZLWKORZYROWDJH

 SRZHUFDEOHVDQGEHORZ



3DJHRI

1'

(QFORVXUH

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



1R ,7$$&1R 'HVLJQ&RPPLWPHQW ,QVSHFWLRQV7HVWV$QDO\VLV $FFHSWDQFH&ULWHULD

 GLLF G 3K\VLFDOVHSDUDWLRQLV ,QVSHFWLRQVRIWKHDVEXLOW&ODVV 5HVXOWVRIWKHLQVSHFWLRQZLOO

PDLQWDLQHGEHWZHHQ&ODVV( (UDFHZD\VZLOOEHSHUIRUPHGWR FRQILUPWKDWWKHVHSDUDWLRQ

GLYLVLRQVDQGEHWZHHQ&ODVV( FRQILUPWKDWWKHVHSDUDWLRQ EHWZHHQ&ODVV(UDFHZD\V

GLYLVLRQVDQGQRQ&ODVV( EHWZHHQ&ODVV(UDFHZD\VRI RIGLIIHUHQWGLYLVLRQVDQG

FDEOHV GLIIHUHQWGLYLVLRQVDQGEHWZHHQ EHWZHHQ&ODVV(UDFHZD\V

&ODVV(UDFHZD\VDQGQRQ&ODVV DQGQRQ&ODVV(UDFHZD\VLV

(UDFHZD\VLVFRQVLVWHQWZLWKWKH WKHIROORZLQJ

IROORZLQJ 

LLF :LWKLQRWKHUSODQWDUHDV LLE :LWKLQRWKHUSODQWDUHDV

OLPLWHGKD]DUGDUHDV WKH LQVLGHWKHUDGLRORJLFDOO\

PLQLPXPVHSDUDWLRQLVGHILQHGE\ FRQWUROOHGDUHDRIWKH

RQHRIWKHIROORZLQJ DX[LOLDU\EXLOGLQJ OLPLWHG

 KD]DUGDUHDV WKHVHSDUDWLRQ

 PHHWVRQHRIWKHIROORZLQJ

 7KHPLQLPXPYHUWLFDO  7KHYHUWLFDOVHSDUDWLRQLV

VHSDUDWLRQLVIHHWDQGWKH IHHWRUPRUHDQGWKH

PLQLPXPKRUL]RQWDOVHSDUDWLRQLV KRUL]RQWDOVHSDUDWLRQLVIHHW

IHHW RUPRUH

 7KHPLQLPXPYHUWLFDO  7KHPLQLPXPYHUWLFDO

VHSDUDWLRQLVLQFKHVDQGWKH VHSDUDWLRQLVLQFKHVDQG

PLQLPXPKRUL]RQWDOVHSDUDWLRQLV WKHPLQLPXPKRUL]RQWDO

LQFKHVIRUUDFHZD\VFRQWDLQLQJ VHSDUDWLRQLVLQFKHVIRU

RQO\LQVWUXPHQWDWLRQDQGFRQWURO UDFHZD\VFRQWDLQLQJRQO\

DQGORZYROWDJHSRZHUFDEOHV LQVWUXPHQWDWLRQDQGFRQWURO

$:* 7KLVPLQLPXP DQGORZYROWDJHSRZHUFDEOHV

YHUWLFDOVHSDUDWLRQLVLQFKHVIRU $:* 7KLVPLQLPXP

WKHFRQILJXUDWLRQZLWKDFRQGXLW YHUWLFDOVHSDUDWLRQPD\EH

DERYHDQGFURVVLQJWKHRSHQWUD\ UHGXFHGWRLQFKHVIRUWKH

DWDQDQJOHHTXDOWRRUJUHDWHUWKDQ FRQILJXUDWLRQZLWKDFRQGXLW

GHJUHHV DERYHDQGFURVVLQJWKHRSHQ

 WUD\DWDQDQJOHHTXDOWRRU

 JUHDWHUWKDQGHJUHHV

 7KHPLQLPXPYHUWLFDO  7KHPLQLPXPYHUWLFDO

VHSDUDWLRQLVLQFKHVDQGWKH VHSDUDWLRQLVLQFKHVDQG

PLQLPXPKRUL]RQWDOVHSDUDWLRQLV WKHPLQLPXPKRUL]RQWDO

LQFKHVEHWZHHQDFRQGXLWDQGDQ VHSDUDWLRQLVLQFKHV

RSHQFRQILJXUDWLRQIRUORZ EHWZHHQDFRQGXLWDQGDQ

YROWDJHSRZHUFDEOHVJUHDWHUWKDQ RSHQFRQILJXUDWLRQIRUORZ

$:*EXWQRWJUHDWHUWKDQ YROWDJHSRZHUFDEOHVJUHDWHU

NFPLO7KHYHUWLFDO WKDQ$:*EXWQRWJUHDWHU

VHSDUDWLRQLVLQFKHVLIDFRQGXLW WKDQNFPLO7KHYHUWLFDO

LVDERYHDQGFURVVLQJDQRSHQWUD\ VHSDUDWLRQPD\EHUHGXFHGWR

DWDQDQJOHHTXDOWRRUJUHDWHUWKDQ LQFKHVLIDFRQGXLWLVDERYH

GHJUHHV DQGFURVVLQJDQRSHQWUD\DW

 DQDQJOHHTXDOWRRUJUHDWHU

WKDQGHJUHHV



3DJHRI

1'

(QFORVXUH

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



1R ,7$$&1R 'HVLJQ&RPPLWPHQW ,QVSHFWLRQV7HVWV$QDO\VLV $FFHSWDQFH&ULWHULD

    )RUFRQILJXUDWLRQVWKDW  )RUFRQILJXUDWLRQVWKDW

FRQW  LQYROYHH[FOXVLYHO\OLPLWHGHQHUJ\ LQYROYHH[FOXVLYHO\OLPLWHG

FRQWHQWFDEOHV LQVWUXPHQWDWLRQ HQHUJ\FRQWHQWFDEOHV

DQGFRQWURO WKHPLQLPXP LQVWUXPHQWDWLRQDQGFRQWURO 

YHUWLFDOVHSDUDWLRQLVLQFKHV WKHPLQLPXPYHUWLFDO

DQGWKHPLQLPXPKRUL]RQWDO VHSDUDWLRQLVLQFKHVDQG

VHSDUDWLRQLVLQFK WKHPLQLPXPKRUL]RQWDO

 VHSDUDWLRQLVLQFK

 )RUFRQILJXUDWLRQVLQYROYLQJ  )RUFRQILJXUDWLRQVWKDW

DQHQFORVHGUDFHZD\DQGDQRSHQ LQYROYHDQHQFORVHGUDFHZD\

UDFHZD\ZLWKORZYROWDJHSRZHU DQGDQRSHQUDFHZD\ZLWK

FDEOHVWKHPLQLPXPYHUWLFDO ORZYROWDJHSRZHUFDEOHVWKH

VHSDUDWLRQLVLQFKLIWKHHQFORVHG PLQLPXPYHUWLFDOVHSDUDWLRQ

UDFHZD\LVEHORZWKHRSHQ LVLQFKLIWKHHQFORVHG

UDFHZD\ UDFHZD\LVEHORZWKHRSHQ

 UDFHZD\

 )RUFRQILJXUDWLRQLQYROYLQJ  )RUFRQILJXUDWLRQVWKDW

HQFORVHGUDFHZD\VWKHPLQLPXP LQYROYHHQFORVHGUDFHZD\V

VHSDUDWLRQLVLQFKLQERWK WKHPLQLPXPYHUWLFDODQG

KRUL]RQWDODQGYHUWLFDOGLUHFWLRQV KRUL]RQWDOVHSDUDWLRQLV

 LQFK

 7KHPLQLPXPYHUWLFDO  7KHPLQLPXPYHUWLFDO

VHSDUDWLRQLVLQFKDQGWKH VHSDUDWLRQLVLQFKDQGWKH

PLQLPXPKRUL]RQWDOVHSDUDWLRQLV PLQLPXPKRUL]RQWDO

LQFKIRUFRQILJXUDWLRQVZLWKD VHSDUDWLRQLVLQFKIRU

QRQVDIHW\FRQGXLWDQGDIUHHDLU FRQILJXUDWLRQVZLWKDQRQ

VDIHW\FDEOHZLWKORZYROWDJH VDIHW\FRQGXLWDQGDIUHHDLU

SRZHUFDEOHVDQGEHORZ VDIHW\FDEOHZLWKORZYROWDJH

 SRZHUFDEOHVDQGEHORZ







3DJHRI