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<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'>Thank you for your contribution, Philip. RNA Partners
supports your draft entirely, with one comment/edit regarding the text
highlighted in red below.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<table class=MsoNormalTable border=1 cellspacing=0 cellpadding=0
style='margin-left:2.9pt;border-collapse:collapse;border:none'>
<tr>
<td width=36 valign=top style='width:26.7pt;border:solid windowtext 1.0pt;
padding:0in 5.4pt 0in 5.4pt'>
<p class=MsoNormal><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'>g<o:p></o:p></span></font></p>
</td>
<td width=121 valign=top style='width:91.0pt;border:solid windowtext 1.0pt;
border-left:none;padding:0in 5.4pt 0in 5.4pt'>
<p class=MsoNormal><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> Differentiation <o:p></o:p></span></font></p>
</td>
<td width=435 valign=top style='width:326.0pt;border:solid windowtext 1.0pt;
border-left:none;padding:0in 5.4pt 0in 5.4pt'>
<p class=MsoNormal><b><font size=3 face="Times New Roman"><span
style='font-size:12.0pt;font-weight:bold'>A TLD must be clearly
differentiated from other TLDs <o:p></o:p></span></font></b></p>
<p class=MsoNormal><b><font size=3 face="Times New Roman"><span
style='font-size:12.0pt;font-weight:bold'><o:p> </o:p></span></font></b></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'>Is the new TLD differentiated in a meaningful way
from existing TLDs? <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'>Are the majority of new registrations creating new
opportunities for the registrant? <o:p></o:p></span></font></p>
<p class=MsoNormal><b><font size=3 color=red face="Times New Roman"><span
style='font-size:12.0pt;color:red;font-weight:bold'>What is the scale of
defensive registrations?<o:p></o:p></span></font></b></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span
style='font-size:12.0pt'> <o:p></o:p></span></font></p>
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<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'>This question will be difficult to answer because many current
domain name registrants may well take additional names in new TLDs without
knowing exactly what strategy they will use going forward, i.e. it may take a
few years to determine which TLDs they will employ as their primary, secondary,
etc. Migration will take time. In addition, some entities
take names that they may use for marketing purposes at some future point in
time, thus further clouding the issue. There are more issues, but I trust
that these noted clarify how difficult it will be to quantify a true answer to
this question.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'>Thank you,<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'>RA<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>Ronald N. Andruff</span></font><o:p></o:p></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>President<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'> <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>RNA Partners, Inc.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>220 <ns1:Street w:insAuthor="Owner"
w:insDate="2011-04-21T11:42:00Z" w:endInsAuthor="Owner"
w:endInsDate="2011-04-21T11:42:00Z"><ns1:address w:insAuthor="Owner"
w:insDate="2011-04-21T11:42:00Z" w:endInsAuthor="Owner"
w:endInsDate="2011-04-21T11:42:00Z"><st1:Street w:st="on"><st1:address w:st="on">Fifth
Avenue</st1:address></st1:Street></ns1:address></ns1:Street><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'><ns1:place w:insAuthor="Owner" w:insDate="2011-04-21T11:42:00Z"
w:endInsAuthor="Owner" w:endInsDate="2011-04-21T11:42:00Z"><ns1:City
w:insAuthor="Owner" w:insDate="2011-04-21T11:42:00Z" w:endInsAuthor="Owner"
w:endInsDate="2011-04-21T11:42:00Z"><st1:place w:st="on"><st1:City w:st="on">New
York</st1:City></ns1:City></st1:place>, <ns1:State w:insAuthor="Owner"
w:insDate="2011-04-21T11:42:00Z" w:endInsAuthor="Owner"
w:endInsDate="2011-04-21T11:42:00Z"><st1:State w:st="on">New York</st1:State></ns1:State>
<ns1:PostalCode w:insAuthor="Owner" w:insDate="2011-04-21T11:42:00Z"
w:endInsAuthor="Owner" w:endInsDate="2011-04-21T11:42:00Z"><st1:PostalCode
w:st="on">10001</st1:PostalCode></ns1:PostalCode></ns1:place><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Arial><span style='font-size:10.0pt;
font-family:Arial'>+ 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 face="Times New Roman"><span style='font-size:12.0pt'> </span><o:p></o:p></font></p>
<p class=MsoNormal><font size=3 face="Times New Roman"><span style='font-size:
12.0pt'><o:p> </o:p></span></font></p>
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