<html><head></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; font-size: 14px; font-family: Calibri, sans-serif;"><div style="color: rgb(0, 0, 0);">Dear all, </div><div style="color: rgb(0, 0, 0);"><br></div><div><div style="color: rgb(0, 0, 0);">Following the DT-O call earlier this week, Chuck requested feedback from Sidley on the Bylaw text for PTI Budget. The outcome, including an edit from Greg Shatan, was approved by DT-O today: </div><div style="color: rgb(0, 0, 0);"><br></div><blockquote style="color: rgb(0, 0, 0); margin: 0px 0px 0px 40px; border: none; padding: 0px;"><div><i><b>“To maintain ongoing operational excellence and financial stability of the IANA functions (so long as they are performed by ICANN or pursuant to contract with ICANN) and PTI, ICANN shall be required to plan for and allocate funds to the IANA functions and PTI, as applicable, that are sufficient to cover the future expenses and contingencies to ensure uninterrupted performance of those IANA functions and PTI in the future”</b></i></div><div><br></div></blockquote><div><font color="#0000ff"><b>Action for DT-O:</b></font> please review and approve this text within the next 24 hours. </div><div><br></div><div><font color="#0000ff"><b>Action for Client Committee</b></font>: please confirm that this text has been ‘blessed' by our legal counsel. </div><div><br></div><div><font color="#0000ff"><b>Action for Chuck (or staff)</b></font>: please forward this text to the full CWG-Stewardship once the two actions above have been completed. </div></div><div style="color: rgb(0, 0, 0);"><br></div><div style="color: rgb(0, 0, 0);">Thank you, </div><div style="color: rgb(0, 0, 0);">Grace</div><div style="color: rgb(0, 0, 0);"><br></div><div style="color: rgb(0, 0, 0);"><div id="MAC_OUTLOOK_SIGNATURE"><div><div>-- </div><div><div><b style="font-family: Calibri; font-size: 12px;">Grace Abuhamad</b></div><div><div style="font-family: Calibri; font-size: medium;"><font class="Apple-style-span" color="#000000" style="font-size: 10px;">Manager, Public Policy</font></div><div style="font-family: Calibri; font-size: medium;"><font class="Apple-style-span" color="#000000"><font class="Apple-style-span" face="Calibri" style="font-size: 8px;"><br></font></font></div><div style="font-family: Calibri; font-size: medium;"><b style="font-size: 10px;">ICANN | Internet Corporation for Assigned Names and Numbers</b></div><div style="font-family: Calibri; font-size: medium;"><p class="MsoNormal" style="margin: 0in 0in 0.0001pt;"><span style="font-size: 10px;">801 17th Street NW, Suite 400 | Washington, DC 20006</span></p></div><div style="font-family: Calibri; font-size: medium;"><span style="font-size: 10px;">Direct: +1 202 249 7545 | Mobile: +1 310 200 7638</span></div></div><div style="font-family: Calibri; font-size: medium;"><br></div><div style="font-family: Calibri; font-size: medium;"><div style="font-size: 14px;"><div><b style="font-size: 12px;">Interested in the IANA Stewardship Transition? </b></div><div><b style="font-size: 12px;"><a href="https://www.icann.org/stewardship-accountability">LEARN MORE</a>. <a href="https://www.icann.org/stewardship-accountability#status">STAY UPDATED</a>. <a href="https://twitter.com/icann">FOLLOW</a>. <a href="https://www.icann.org/stewardship-accountability#involved">ENGAGE</a>. </b></div></div></div></div></div></div></div></body></html>