Asset Management Policy

Contents

Version 1.1

To be reviewed April 2022

Purpose

This policy seeks to outline the guidelines and practices that govern decisions on asset management at Northeast Data, Inc. to ensure Northeast Data, Inc. accomplishes its mission of providing high-quality products in a sustainable and safe environment.

Scope

This asset management policy applies to all assets owned by Northeast Data, Inc. and all aspects of each asset, including design, construction, operation, maintenance and disposal. This policy applies to all employees, and contractors of Northeast Data, Inc. In addition, Northeast Data, Inc. may rely on natural assets or other assets it does not own. Where operations are supported by these assets, we will work collaboratively with the asset owners and promote the principles outlined in this policy.

Intent

Northeast Data, Inc. provides a wide range of products and services to customers that require ownership and responsible operation and maintenance of physical assets including land, buildings, equipment, transportation, and waste. The intent of this policy is to ensure all employees and functions of Northeast Data, Inc. are aligned with the goals of Northeast Data, Inc. as they relate to asset management and to ensure assets are managed in a manner that maximizes benefits, reduces risk and provides satisfactory levels of service to customers in a safe and sustainable manner.

Statement and Application

Policy Statement

In managing the assets belonging to Northeast Data, Inc. we are committed to:

• Taking steps to connect the appropriate departments, functions, and support activities in order to build effective working relationships and encourage information-sharing.

Application of Policy

Northeast Data, Inc. will develop and maintain appropriate plans for the renewal, purchase, construction, and decommissioning of assets. This includes:

Commitment, Roles and Responsibilities

Commitment to Continuous Improvement and Compliance

Northeast Data views continual improvement and compliance with legislation and internationally- recognized standards as a key part of our asset management approach. Our commitment to achieving these goals include:

• Driving innovation in the development of tools, techniques, and solutions.
• Monitoring and reviewing the effectiveness of asset management processes and the wider asset management system in supporting the delivery of strategic objectives.
• Assessing competencies necessary to implement proper asset management and providing support, education, and training to fulfil these competencies.
• Reviewing this policy and making any necessary adjustments on an annual basis.

Roles and Responsibilities

The roles and responsibilities for executing this policy include the following:

Labeling and Identification

Software Applications

• Employees shall not install unapproved software on a Northeast Data asset.
• All programs will be provided by Northeast Data and installed by the operations department.