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<p class="MsoNormal">Dear Client Committee,<o:p></o:p></p>
<p class="MsoNormal"><o:p>&nbsp;</o:p></p>
<p class="MsoNormal">We wanted to confirm one point in the draft ICANN bylaws, in Annex F which addresses the caretaker IANA budget.&nbsp; In Section 1 of Annex F, the “caretaker” IANA Budget is defined as “an
<span style="background:yellow;mso-highlight:yellow">annual operating plan</span> and budget that is established by the CFO in accordance with the following principles…”&nbsp; &nbsp;&nbsp;However, the CWG proposal refers to the ICANN annual operating plan and budget, but
 refers only to IANA budget (and does not refer to an annual IANA operating plan).&nbsp; We believe the reference to an annual operating plan in Annex F for the IANA caretaker budget was a carry over from the ICANN caretaker budget annex and should be deleted.&nbsp;
 Can you please confirm?<o:p></o:p></p>
<p class="MsoNormal"><o:p>&nbsp;</o:p></p>
<p class="MsoNormal">Thanks,<br>
Sharon<o:p></o:p></p>
<p class="MsoNormal"><o:p>&nbsp;</o:p></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><b><span style="font-size:10.0pt;font-family:&quot;Arial&quot;,&quot;sans-serif&quot;;color:#1F497D">SHARON R. FLANAGAN</span></b><span style="font-size:12.0pt;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;;color:#1F497D"><br>
</span><span style="font-size:9.0pt;font-family:&quot;Arial&quot;,&quot;sans-serif&quot;;color:#1F497D"><br>
<br>
<b>SIDLEY AUSTIN LLP</b><br>
555 California Street<br>
Suite 2000<br>
San Francisco, CA 94104<br>
&#43;1 415 772 1271</span><span style="font-size:12.0pt;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;;color:#1F497D"><br>
</span><span style="font-size:9.0pt;font-family:&quot;Arial&quot;,&quot;sans-serif&quot;;color:#1F497D"><a href="mailto:sflanagan@sidley.com" title="Click to send email to Flanagan, Sharon">sflanagan@sidley.com</a></span><span style="font-size:12.0pt;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;;color:#1F497D"><br>
<a href="http://www.sidley.com" title="www.sidley.com"><span style="font-size:9.0pt;font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">www.sidley.com</span></a><o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><b><span style="font-size:10.0pt;font-family:&quot;Arial&quot;,&quot;sans-serif&quot;;color:#1F497D"><img border="0" width="126" height="54" id="_x0000_i1025" src="http://www2.sidley.com/files/upload/signatures/SIDLEY_150-AUTOSIG.png" alt="SIDLEY"></span></b><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;;color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;;color:#1F497D">&nbsp;</span><span style="color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><o:p>&nbsp;</o:p></p>
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<p class="dbfca0c5-06ab-45e7-ae3c-2401c5c42c0d">&nbsp;</p>
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