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<div>Dear Client Committee,</div>
<div> </div>
<div>Attached please find drafts of the comment letter to the PTI articles and the comment letter to the PTI bylaws. Both of these documents cover the topics we have discussed and reflect the input of CWG from the prior CWG calls. The PTI articles comment
letter is due July 31. We have more time on the bylaws comment letter which is not due until August 11. </div>
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<div>As I mentioned, I cannot join the call tomorrow, which I understand is primarily focused on the naming contract. However, below is a brief update on the PTI governance documents:</div>
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<div>1. PTI articles and bylaws – draft comment letters attached. The open point in the PTI articles letter is whether the principal office location should be moved to the articles and therefore be subject to EC approval/rejection process. The open points
in the PTI bylaws letter are Annex C and the input from DT-O on budget timing.</div>
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<div>2. PTI governance documents – we received revisions back from ICANN last night and are reviewing. We will discuss with ICANN legal and then report back on whether there remain any open points after that discussion.</div>
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<div>Best regards,</div>
<div>Sharon</div>
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<div style="margin-top:5pt;margin-bottom:5pt;"><font face="Arial" size="2"><span style="font-size:10pt;"><b>SHARON R. FLANAGAN<br>
<br>
<br>
</b><font size="2"><span style="font-size:9pt;"><b>SIDLEY AUSTIN LLP<br>
</b></span></font><font size="2"><span style="font-size:9pt;">555 California Street<br>
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San Francisco, CA 94104<br>
+1 415 772 1271<br>
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<a href="http://www.sidley.com"><font size="2" color="blue"><span style="font-size:9pt;"><u>www.sidley.com</u></span></font></a></span></font></div>
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