International Nuclear Energy Projects Pillsbury Winthrop Shaw Pittman LLP | pillsburylaw.com . “One of the finest nuclear practices in the USA and internationally.”—Chambers 2 | Pillsbury Winthrop Shaw Pittman LLP . International Nuclear Energy A Leading Global Nuclear Practice Pillsbury fields a premier nuclear energy team, with the knowledge, industry perspective and global outlook to help clients take full advantage of opportunities in the burgeoning international nuclear energy market. The team is composed of recognized leaders in nuclear project strategy with a unique set of integrated credentials that combine legal, political, technical, commercial and financial experience in the international nuclear industry. This critical skillset allows us to develop a big picture strategy for our clients, including the ability to address key aspects of project structure and risk allocation. Our team’s lawyers collectively average more than 30 years of experience in the nuclear arena, and include: • Lawyers with technical backgrounds, including advanced scientific and technical degrees in nuclear, electrical and mechanical engineering, physics and experience in nuclear facility operation • Industry insiders experienced in every stage of the nuclear facility life cycle—design, licensing, construction, commissioning, operation, maintenance, waste management and decommissioning • Business leaders in the nuclear industry, including a former president of an international nuclear fuel trading company 50 Years of Firsts Our 50-year track record is full of firsts, including: • The first practice devoted to nuclear energy issues • Representation of the world’s first nuclear power plant project implemented on BOO (build-own-operate) principles • Leading advisor on first major nuclear complex in the Gulf • First buyer representation in a nuclear plant acquisition • First nuclear plant to obtain license renewal • First new nuclear plant in the U.S. at a greenfield site • First law firm to provide advice in the development of commercial fusion power Reflecting the global nature of the nuclear industry, more than half of our work is international, representing governments, nuclear owners and developers on major nuclear procurements, and working with inbound clients on investments and regulatory requirements in the U.S.

nuclear energy market. Our Geographic Network Pillsbury’s Nuclear Energy practice is supported by the firm’s global offices, including key locations in: • Shanghai • Beijing • London • Tokyo • New York City • San Francisco • Washington, DC • Houston • Abu Dhabi pillsburylaw.com | 3 . Energy Global Commercial Nuclear Transactions Pillsbury represents global business clients and governments in complex transactions such as: • Government procurement • Joint ventures and multiparty agreements • Joint ownership agreements for generation and transmission facilities • Development and construction of independent power projects Our transactional services extend to every phase of a new nuclear power project, negotiating highly technical issues such as warranty, future performance and operational standards. We draft, review and negotiate: • EPC agreements • Long-lead equipment agreements • Operating agreements • Contracts with architect-engineers and other suppliers Pillsbury Advises on World’s Largest Nuclear Deal Pillsbury client Emirates Nuclear Energy Corporation (ENEC) is constructing the first civil nuclear power complex in the United Arab Emirates. ENEC’s $20 billion contract with the Korea Electric Power Corporation to design, build and help operate four 1,400 MW nuclear reactors is the largest nuclear power contract ever announced. Pillsbury’s team represented ENEC from its inception through nearly every aspect of the Middle East’s first peaceful nuclear power program.

Pillsbury acted as the organization’s general counsel during the project development period, leading the negotiations of the historic Engineering, Procurement and Construction (EPC) contract, and advising on all aspects of the project’s implementation. With meetings and negotiations around the world, ENEC required 24-hour service from Pillsbury—and the firm was well positioned to respond, given its global footprint, cross-functional teamwork and advisory capabilities on all aspects of the deal, including contracting, regulatory, finance, real estate, employment, corporate, international trade, insurance, intellectual property and public policy. • Shared employee arrangements • Uranium conversion, enrichment and fuel fabrication contracts Clients rely on Pillsbury’s team to help negotiate procurement and technical services contracts for operating units, including replacement of large components such as steam generators and turbines. We also help clients with their claims under nuclear contracts, national and international arbitration, and litigation of complex technical disputes. Pillsbury “houses an impressively broad energy practice, and is a national and global leader in the nuclear area in particular. The jewel in the firm’s crown is its nuclear transactional practice.” —Chambers 4 | Pillsbury Winthrop Shaw Pittman LLP . International Nuclear Energy Nuclear Facility Financing­ A critical piece to any nuclear energy project is securing financing. Pillsbury relies on the strength of its global finance practice and on the industry knowhow of its nuclear practice in advising clients on options and strategies for nuclear facility financing. This experience helps us anticipate issues and pitfalls, structure each transaction to ensure the availability of financing, and often allows us to achieve novel financing strategies for our clients. Our experience includes: • Providing strategic advice to project owners and developers in structuring nuclear power plant projects to maximize attractiveness to financiers and investors • Representing large international investment banks in global energy projects, and bringing that experience to bear as we advise our clients on financing issues • Advising utility clients on securing diverse sources of financing for their projects, including obtaining government guarantees and investment loans from export credit agencies • Advising on investment in new U.S. nuclear projects by foreign investors and other utilities, municipalities and cooperatives • Advising small modular reactor (SMR) developers in seeking and obtaining private and public financing for SMR projects • Preparation of U.S.

Department of Energy (DOE) loan guarantee applications under the Energy Policy Act of 2005, with strategic advice and client representation before the DOE on loan guarantee matters, and cooperative agreements with DOE for funding of new nuclear projects Advising Governments on Existing and Nascent Nuclear Programs Pillsbury regularly advises governments and governmentowned nuclear utilities on commercial and regulatory matters. We provide support to governments around the world in the development and implementation of nascent civil nuclear power programs. The team: • Conducts studies on the feasibility of commercial nuclear power in non-nuclear states Advancing Nuclear Power in Turkey Pillsbury is serving as the international legal advisor for the 4,800 MW Akkuyu Nuclear Power Plant (NPP) project in Turkey, the world’s first NPP project implemented on build-own-operate principles.

Pillsbury’s client, Akkuyu NPP JSC, is developing the project pursuant to an intergovernmental agreement between the Russian and Turkish governments, with support from the Government of the Russian Federation. The Akkuyu NPP project, sited in the Mersin province on Turkey’s Mediterranean coast, is the first NPP to be constructed in Turkey and consists of four VVER-1200 reactors. The Pillsbury team is providing legal advice on all phases involving the structuring and financing of the Akkuyu NPP project, including the drafting and negotiation of key project agreements, support in attracting, securing and closing financing for the project, strategic advice and risk assessment, and international nuclear law and nuclear liability analysis. • Reviews existing legislation or drafts new nuclear measures • Develops nuclear liability and insurance regimes • Establishes charters, policies and procedures for new nuclear organizations • Drafts and negotiates Engineering, Procurement and Construction (EPC) agreements for new nuclear units • Establishes long-term nuclear fuel procurement s ­ trategies and negotiates nuclear fuel contracts • Establishes strategies for decommissioning and d ­ isposing of nuclear waste • Analyzes and advises on entering into and complying with international nuclear safety, security and safeguard agreements • Advises on compliance with international nuclear export control obligations • Establishes practices to control sensitive nuclear information, including safeguards and cybersecurity protocols • Establishes practices for safety-conscious work ­environments pillsburylaw.com | 5 . Energy Overcoming Nuclear Trade Barriers We have a cutting-edge practice in paving the legal and regulatory path for clients to take full advantage of opportunities in the global nuclear market. Our nuclear trade practice ranges from advising governments and stakeholders in negotiation and implementation of bilateral agreements for nuclear cooperation to advising key nuclear industry players on compliance with multijurisdictional regimes that govern the international supply of components, services and fuel for nuclear facilities. We bring to bear unmatched experience in representing every sector of the nuclear industry on nuclear trade matters, excellent relationships with regulatory agencies and innovative strategies to every representation in this field. Our experience includes: • Advising governments, government-owned utilities, Nuclear Energy Programme Implementing Organizations (NEPIOs) and industry stakeholders with respect to the implementation of bilateral nuclear cooperation agreements with supplier states • Advising developers, owners, operators, vendors, constructors, architect-engineers, fuel supply organizations and industry consultants on multiagency and multi-jurisdictional nuclear export control issues, including developing nuclear export control programs, drafting and negotiating export control provisions, and securing multi-government export permits • Advising a number of governments in negotiating bilateral nuclear cooperation agreements under Section 123 of the Atomic Energy Act (“123 Agreements”) with the U.S. government and providing strategic advice with respect to the impact of these agreements on nascent nuclear power programs Nuclear Industry Thought Leadership Pillsbury partners with the Nuclear Energy Institute (NEI) to create an annual seminar focused on international nuclear trade and investment.

Now entering its sixth year, this landmark event attracts more than 100 attendees from around the world to join Pillsbury and NEI for a day of learning and idea exchange regarding current industry trends. The one-day seminar has become a destination event in the nuclear energy industry. The scope of the seminar ranges from nuclear export controls and nuclear liability to regulatory issues associated with investments and cross-border transactions, such as foreign investment controls and anticorruption regulation and enforcement, and nuclear financing issues. Speakers each year include key representatives from U.S.

government agencies, international agencies and the nuclear industry. 6 | Pillsbury Winthrop Shaw Pittman LLP . International Nuclear Energy Our Clients—The Faces of a Global Industry Our clients stretch across the spectrum of nuclear producers and users, and include electric, gas and mining companies; financial institutions; governments; owners and operators of nuclear waste facilities; and service providers and vendors. A cross-section of representative clients for our international Nuclear Energy practice is listed below. • Akkuyu Nuclear • Rolls-Royce • AKME-engineering JSC • Shaw AREVA MOX Services LLC • AREVA NC Inc./Cogema Mining • Sumitomo Corp. • Babcock & Wilcox Corp. • Taiwan Power Company • Battelle Memorial Institute • TENAM Corp. • Bechtel Corp. • Zachry Corp. • Burns and Roe • CB&I • Dominion (Dominion Energy, Virginia Power) • Duke Energy Corp. • Electric Power Research Institute (EPRI) • Emerson Electric Co. • Emirates Nuclear Energy Corp. (ENEC) Awards & Recognition Six Pillsbury Nuclear Energy practice partners were named to 2013 Chambers Global’s “Leaders in their Field” list • Engine Systems Inc. • Entergy Corp. • Exelon Generation Company Ranked in Tier 1 of energy law firms (Best Lawyers/U.S. News & World Report) • GE-Hitachi Nuclear Energy Americas LLC • Government of the Republic of Korea • ITOCHU Corp. • KEPCO NF • King Abdullah City for Atomic and Renewable Energy (K.A.CARE) Ranked among the leading nuclear law firms (Chambers Global and Chambers USA) Silver Award for Energy at the International Legal Alliance Summit & Awards in Paris • Marubeni Corp. • Mitsubishi Heavy Industries Ltd.

and Mitsubishi Nuclear Energy Systems Inc. UK Energy and Infrastructure Team of the Year finalist (The Lawyer Awards, London) • Mitsui Corp. • NAC Kazatomprom JSC • NextEra Energy Resources; Florida Power & Light “Energy Law Firm of the Year” for the United Arab Emirates (Asian-Counsel) • Nuclear Energy Institute (NEI) • NUKEM Inc. • POWER Engineers Inc. • Progress Energy Received four “Chevron Law Firm Diversity Recognition Awards” for our commitment to diversity and the results we have achieved pillsburylaw.com | 7 . Energy The Global Reach of Pillsbury’s Nuclear Energy Practice Canada Advise a Canadian entity regarding privatization of nuclear power plants Advise a Canadian utility with respect to transactions with equipment suppliers United States Responsible for the initial licensing of 50+ nuclear power plants and 33 license renewals Represented either buyer or seller in transactions for full or partial ownership in 14 nuclear plants Represent 50 percent of new nuclear plant licensing proceedings today Played a leading role in helping the U.S. nuclear industry establish a nuclear waste management program and is now at the forefront of efforts to enforce U.S. DOE’s compliance with the Nuclear Waste Policy Act Regularly counsel clients on compliance with U.S. export controls on nuclear-sensitive scientific and technical equipment, materials and technology Brazil Represent a Brazilian public utility in an international arbitration proceeding involving the steam generators and electric generator of a nuclear plant Argentina Advise nuclear equipment manufacturers with respect to nuclear liability protections and contractual indemnities in Argentina European Union Advise several European utilities regarding nuclear plant transactions, contracting and regulatory issues 8 | Pillsbury Winthrop Shaw Pittman LLP United Kingdom Advise an international investor on the regulatory regime of the United Kingdom, including a detailed review of the process for obtaining a Generic Design Certification and a Nuclear Site License for the construction of new nuclear power plants in the UK Advise an international reactor vendor on the nuclear licensing process of the United Kingdom’s Office for Nuclear Regulation and compliance with European Union reactor design and safety standards Advise UK investment banks and trading companies on uranium trading transactions and nuclear liability issues Germany Represent a nuclear power plant operator in a dispute over uranium before the courts of first, second and third instance in Germany Russia Advise a Russian reactor vendor with respect to legal and regulatory considerations in commercializing the vendor’s reactor outside of Russia Represent a nuclear fuel venture in the first sole-source purchase of Russian-enriched uranium Advise a Russian nuclear fuel and nuclear fuel cycle technology company in the expansion of its activities in the U.S. Advise a leading Russian nuclear research and development institution with respect to research and development agreements .

International Nuclear Energy Japan Advise major sogo shosha (Japanese trading companies) with respect to transactions involving the purchase, sale and transportation of nuclear fuel products Advise a major Japanese reactor vendor with respect to reactor licensing and nuclear trade matters Kazakhstan Represent a nuclear holding company in Kazakhstan in expansion of its activities in the U.S. Represent nuclear fuel traders with respect to uranium transactions in Kazakhstan Turkey Advise on all phases of structuring and financing of the 4,800 MW Akkuyu Nuclear Power Plant project in Turkey. United Arab Emirates Represent Emirates Nuclear Energy Corporation in all aspects of its development of an ambitious nuclear program, and the negotiation of a $20 billion contract for four nuclear units Saudi Arabia Advise an NEPIO with respect to the development of the Saudi Arabian civilian nuclear power program South Africa Represent a South African nuclear technology company with respect to the commercialization of its technology Represent a nuclear fuel venture in obtaining fuel for the first South African nuclear plant Advise a Japanese utility with respect to research and development agreements Represent a Japanese reactor vendor and nuclear fuel manufacturer in a fuel fabrication joint venture Advise Japanese investors with respect to risk assessments of investing in nuclear power facilities Advise Japanese stakeholders with respect to the U.S.-Japan 123 Agreement Republic of Korea Advise the Government of the Republic of Korea with respect to the negotiation of a 123 Agreement with the U.S. Southeast Asia Develop for the government-owned utility of a Southeast Asian country a legal and regulatory roadmap for the development of nuclear power Philippines Represent the Republic of the Philippines in major litigation and arbitration proceedings against a U.S. supplier regarding deficiencies in design and construction of a nuclear power plant Australia Represent the Australian Nuclear Science and Technology Organisation with respect to the international packaging and transportation of spent nuclear fuel pillsburylaw.com | 9 . Energy The Faces of Nuclear Energy at Pillsbury Learn More To learn more about our Nuclear Energy practice, please visit pillsburylaw.com/nuclear-energy or contact one of our team leaders: Charles H. Peterson International Nuclear Projects Silicon Valley: +1.650.233.4883 Abu Dhabi: +971.2.596.8900 Washington, DC: +1.202.663.8083 charles.peterson@pillsburylaw.com 10 | Pillsbury Winthrop Shaw Pittman LLP David R. Lewis Leader, Energy Practice Washington, DC: +1.202.663.8474 david.lewis@pillsburylaw.com . International Nuclear Energy pillsburylaw.com | 11 . ATTORNEY ADVERTISING. Results depend on a number of factors unique to each matter. Prior results do not guarantee a similar outcome. © 2016 Pillsbury Winthrop Shaw Pittman LLP. All rights reserved.

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