<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40">
<head>
<meta http-equiv="Content-Type" content="text/html; charset=us-ascii">
<meta name="Generator" content="Microsoft Word 14 (filtered medium)">
<!--[if !mso]><style>v\:* {behavior:url(#default#VML);}
o\:* {behavior:url(#default#VML);}
w\:* {behavior:url(#default#VML);}
.shape {behavior:url(#default#VML);}
</style><![endif]--><style><!--
/* Font Definitions */
@font-face
{font-family:Calibri;
panose-1:2 15 5 2 2 2 4 3 2 4;}
@font-face
{font-family:Tahoma;
panose-1:2 11 6 4 3 5 4 4 2 4;}
@font-face
{font-family:"Book Antiqua";
panose-1:2 4 6 2 5 3 5 3 3 4;}
@font-face
{font-family:Garamond;
panose-1:2 2 4 4 3 3 1 1 8 3;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin:0in;
margin-bottom:.0001pt;
font-size:11.0pt;
font-family:"Calibri","sans-serif";}
a:link, span.MsoHyperlink
{mso-style-priority:99;
color:blue;
text-decoration:underline;}
a:visited, span.MsoHyperlinkFollowed
{mso-style-priority:99;
color:purple;
text-decoration:underline;}
p.MsoAcetate, li.MsoAcetate, div.MsoAcetate
{mso-style-priority:99;
mso-style-link:"Balloon Text Char";
margin:0in;
margin-bottom:.0001pt;
font-size:8.0pt;
font-family:"Tahoma","sans-serif";}
span.EmailStyle17
{mso-style-type:personal-compose;
font-family:"Arial","sans-serif";
color:windowtext;}
span.BalloonTextChar
{mso-style-name:"Balloon Text Char";
mso-style-priority:99;
mso-style-link:"Balloon Text";
font-family:"Tahoma","sans-serif";}
.MsoChpDefault
{mso-style-type:export-only;
font-family:"Calibri","sans-serif";}
@page WordSection1
{size:8.5in 11.0in;
margin:1.0in 1.0in 1.0in 1.0in;}
div.WordSection1
{page:WordSection1;}
--></style><!--[if gte mso 9]><xml>
<o:shapedefaults v:ext="edit" spidmax="1026" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext="edit">
<o:idmap v:ext="edit" data="1" />
</o:shapelayout></xml><![endif]-->
</head>
<body lang="EN-US" link="blue" vlink="purple">
<div class="WordSection1">
<p class="MsoNormal"><span style="color:#1F497D">Dear Legal Sub-team and CCWG,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Please find attached Adler & Colvin’s comments (with input from Sidley Austin) to the March 31, 2015 memorandum provided by Caplin & Drysdale to the American Registry for Internet Numbers.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Sincerely,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Ingrid Mittermaier<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif""><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif""><o:p> </o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:10.0pt;font-family:"Garamond","serif"">==========<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:10.0pt;font-family:"Garamond","serif"">Please be aware that this email is intended to provide a short response to the questions posed, without the benefit
of legal research. If you would like a more thoroughly considered and researched response, please let us know.<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:10.0pt;font-family:"Garamond","serif"">=========<o:p></o:p></span></p>
<table class="MsoNormalTable" border="0" cellspacing="3" cellpadding="0" width="540" style="width:323.7pt">
<tbody>
<tr>
<td width="326" style="width:195.45pt;padding:.75pt .75pt .75pt .75pt">
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:10.0pt;font-family:"Garamond","serif"">Ingrid Mittermaier</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">
<br>
</span><span style="font-size:10.0pt;font-family:"Garamond","serif"">Adler & Colvin</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">
<br>
</span><span style="font-size:10.0pt;font-family:"Garamond","serif"">235 Montgomery Street, Suite 1220</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">
<br>
</span><span style="font-size:10.0pt;font-family:"Garamond","serif"">San Francisco, CA 94104</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">
<br>
</span><span style="font-size:10.0pt;font-family:"Garamond","serif"">Tel: 415-421-7555</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">
<br>
</span><span style="font-size:10.0pt;font-family:"Garamond","serif"">Fax: 415-421-0712</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">
<br>
</span><span style="font-size:10.0pt;font-family:"Garamond","serif"">email: ingrid@adlercolvin.com</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif"">
<br>
</span><span style="font-size:10.0pt;font-family:"Garamond","serif"">www.adlercolvin.com</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif""><o:p></o:p></span></p>
</td>
<td width="206" valign="bottom" style="width:123.75pt;padding:.75pt .75pt .75pt .75pt">
<p class="MsoNormal"><span style="font-family:"Book Antiqua","serif""><img width="195" height="82" id="_x0000_i1025" src="cid:image003.jpg@01D076DA.91CB6B00"></span><span style="font-family:"Book Antiqua","serif""><o:p></o:p></span></p>
</td>
</tr>
</tbody>
</table>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:10.0pt;font-family:"Garamond","serif"">The information in this e-mail message and any attachments may be privileged, confidential, and protected from disclosure.
If you are not the intended recipient, any use, dissemination, distribution, or copying of this transmission is strictly prohibited. If you think that you have received this e-mail message in error, please e-mail the sender at ingrid@adlercolvin.com, and
delete all copies of this message and its attachments, if any. Thank you. <o:p>
</o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
</div>
</body>
</html>