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<p class=MsoNormal><font size=3 color=blue face=Arial><span style='font-size:
12.0pt;font-family:Arial;color:blue'>Philip,<o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 color=blue face=Arial><span style='font-size:
12.0pt;font-family:Arial;color:blue'><o:p>&nbsp;</o:p></span></font></p>

<p class=MsoNormal><font size=3 color=blue face=Arial><span style='font-size:
12.0pt;font-family:Arial;color:blue'>I apologize if I my comments were too
strong.&nbsp; That was not the intent.&nbsp; Rather, I was attempting to rebut
Mike R&#8217;s comments, i.e., </span></font><font size=2 color="#1f497d"
face=Calibri><span style='font-size:11.0pt;font-family:Calibri;color:#1F497D'>they
haven&#8217;t offered any good reason why these models shouldn&#8217;t be
allowed</span></font><font color=blue face=Arial><span style='font-family:Arial;
color:blue'>.&nbsp; <o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 color=blue face=Arial><span style='font-size:
12.0pt;font-family:Arial;color:blue'><o:p>&nbsp;</o:p></span></font></p>

<p class=MsoNormal><font size=3 color=blue face=Arial><span style='font-size:
12.0pt;font-family:Arial;color:blue'>Indeed, the topic of flaws in the WG model
is very worthy of debate and further discussion.<o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 color=blue face=Arial><span style='font-size:
12.0pt;font-family:Arial;color:blue'><o:p>&nbsp;</o:p></span></font></p>

<p class=MsoNormal><font size=3 color=blue face=Arial><span style='font-size:
12.0pt;font-family:Arial;color:blue'>Kind regards,<o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 color=blue face=Arial><span style='font-size:
12.0pt;font-family:Arial;color:blue'><o:p>&nbsp;</o:p></span></font></p>

<p class=MsoNormal><font size=3 color=blue face=Arial><span style='font-size:
12.0pt;font-family:Arial;color:blue'>RA<o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 color=blue face=Arial><span style='font-size:
12.0pt;font-family:Arial;color:blue'><o:p>&nbsp;</o:p></span></font></p>

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<p class=MsoNormal><font size=2 color=blue face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:blue'>Ronald N. Andruff</span></font><font
color=blue><span style='color:blue'><o:p></o:p></span></font></p>

<p class=MsoNormal><font size=2 color=blue face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:blue'>President<o:p></o:p></span></font></p>

<p class=MsoNormal><font size=3 color=blue face="Times New Roman"><span
style='font-size:12.0pt;color:blue'>&nbsp;<o:p></o:p></span></font></p>

<p class=MsoNormal><font size=2 color=blue face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:blue'>RNA Partners, Inc.<o:p></o:p></span></font></p>

<p class=MsoNormal><font size=2 color=blue face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:blue'>220 <st1:Street w:st="on"><st1:address
 w:st="on">Fifth Avenue</st1:address></st1:Street><o:p></o:p></span></font></p>

<p class=MsoNormal><st1:place w:st="on"><st1:City w:st="on"><font size=2
  color=blue face=Arial><span style='font-size:10.0pt;font-family:Arial;
  color:blue'>New York</span></font></st1:City><font size=2 color=blue
 face=Arial><span style='font-size:10.0pt;font-family:Arial;color:blue'>, <st1:State
 w:st="on">New York</st1:State> <st1:PostalCode w:st="on">10001</st1:PostalCode></span></font></st1:place><font
size=2 color=blue face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:blue'><o:p></o:p></span></font></p>

<p class=MsoNormal><font size=2 color=blue face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:blue'>+ 1 212 481 2820 ext. 11<o:p></o:p></span></font></p>

<p class=MsoNormal style='mso-margin-top-alt:auto;mso-margin-bottom-alt:auto'><font
size=3 color=blue face="Times New Roman"><span style='font-size:12.0pt;
color:blue'>&nbsp;</span></font><o:p></o:p></p>

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<div class=MsoNormal align=center style='text-align:center'><font size=3
face="Times New Roman"><span style='font-size:12.0pt'>

<hr size=2 width="100%" align=center tabindex=-1>

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<p class=MsoNormal><b><font size=2 face=Tahoma><span style='font-size:10.0pt;
font-family:Tahoma;font-weight:bold'>From:</span></font></b><font size=2
face=Tahoma><span style='font-size:10.0pt;font-family:Tahoma'>
owner-bc-gnso@icann.org [mailto:owner-bc-gnso@icann.org] <b><span
style='font-weight:bold'>On Behalf Of </span></b>Philip Sheppard<br>
<b><span style='font-weight:bold'>Sent:</span></b> Thursday, August 12, 2010
3:37 AM<br>
<b><span style='font-weight:bold'>To:</span></b> 'bc - GNSO list'<br>
<b><span style='font-weight:bold'>Subject:</span></b> RE: [bc-gnso] RE: Vested
interests - status quo - market incumbents - anti trust</span></font><o:p></o:p></p>

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<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p>&nbsp;</o:p></span></font></p>

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<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Ron,</span></font><o:p></o:p></p>

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<div>

<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>you put words into my mouth.</span></font><o:p></o:p></p>

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<div>

<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>&nbsp;<o:p></o:p></span></font></p>

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<div>

<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>a) I find the RACK proposal and reasoning excellent.</span></font><o:p></o:p></p>

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<div>

<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>&nbsp;<o:p></o:p></span></font></p>

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<div>

<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>b) I made a much more generic proposal.</span></font><o:p></o:p></p>

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<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>&nbsp;<o:p></o:p></span></font></p>

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<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>&quot;This to my mind is one of the key flaws of the WG
model of policy development. Incumbents&nbsp;are able to manipulate future
markets.</span></font><o:p></o:p></p>

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<div>

<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>This has anti-trust implications&quot;.</span></font><o:p></o:p></p>

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<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>&nbsp;<o:p></o:p></span></font></p>

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<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>That is all I said. No accusations. Just noting the WG model
has this potential. Actual abuse is the exercise of market power.</span></font><o:p></o:p></p>

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<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Worthy of a debate surely?</span></font><o:p></o:p></p>

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<div>

<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>&nbsp;<o:p></o:p></span></font></p>

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<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Philip</span></font><o:p></o:p></p>

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<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>&nbsp;<o:p></o:p></span></font></p>

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<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'>&nbsp;<o:p></o:p></span></font></p>

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