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<p class="MsoNormal"><span style="color:#1F497D;mso-fareast-language:EN-US">Hi Sharon and Rebecca,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D;mso-fareast-language:EN-US"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D;mso-fareast-language:EN-US">Thank you for sending the draft comment letter. I have one question to the original COI article 4.1. Why is this deleted? In case there will be a compensation at a later stage isn’t
this a nice to have the article even though it seems redundant at the moment?<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D;mso-fareast-language:EN-US"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D;mso-fareast-language:EN-US">Best,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D;mso-fareast-language:EN-US">Lise <o:p>
</o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D;mso-fareast-language:EN-US"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D;mso-fareast-language:EN-US"><o:p> </o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Times-Roman","serif";color:#010000">ARTICLE IV
</span><span style="font-size:12.0pt;font-family:"Times-Roman","serif";color:black">-- COMPENSATION<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Times-Roman","serif";color:red">Section 4.1. A Director who receives Compensation, directly or indirectly, from PTI for<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Times-Roman","serif";color:red">services may not vote on matters pertaining to the Director’s Compensation.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Times-Roman","serif";color:red">Section 4.2.</span><span style="font-size:12.0pt;font-family:"Times-Roman","serif";color:green">Section 4.1.
</span><span style="font-size:12.0pt;font-family:"Times-Roman","serif";color:black">A Director may not vote on matters pertaining to Compensation<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Times-Roman","serif";color:black">received, directly or indirectly, from PTI by a member of the Director’s Family or by an<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Times-Roman","serif";color:black">individual with whom a Director has a close personal relationship, including, but not<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Times-Roman","serif";color:black">limited to, any relationship other than kinship, spousal or spousal equivalent that<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Times-Roman","serif";color:black">establishes a significant personal bond between the Director and such other individual<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Times-Roman","serif";color:black">that in the judgment of the Board could impair the Director’s ability to act fairly and<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Times-Roman","serif";color:black">independently and in a manner that furthers, or is not opposed to, the best interests of<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Times-Roman","serif";color:black">PTI.<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Times-Roman","serif";color:red">Section 4.3.</span><span style="font-size:12.0pt;font-family:"Times-Roman","serif";color:green">Section 4.2.
</span><span style="font-size:12.0pt;font-family:"Times-Roman","serif";color:black">No Covered Person who receives Compensation, directly or<o:p></o:p></span></p>
<p class="MsoNormal" style="text-autospace:none"><span style="font-size:12.0pt;font-family:"Times-Roman","serif";color:black">indirectly, from PTI, either individually or collectively, is prohibited from providing<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times-Roman","serif";color:black">information to the Board regarding the Covered Person’s Compensation.</span><span style="color:#1F497D;mso-fareast-language:EN-US"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D;mso-fareast-language:EN-US"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D;mso-fareast-language:EN-US"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span lang="EN-US">From:</span></b><span lang="EN-US"> cwg-client-bounces@icann.org [mailto:cwg-client-bounces@icann.org]
<b>On Behalf Of </b>Grapsas, Rebecca<br>
<b>Sent:</b> 04 August 2016 02:27<br>
<b>To:</b> Client Committee<br>
<b>Subject:</b> [client com] CWG Comment Letter - PTI Governance Documents<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span lang="EN-US">Dear Client Committee,<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US">At Sharon’s request, attached please find a draft of the comment letter to the PTI governance documents and our comments on those documents.
<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US">The comment letter is due August 7. <o:p>
</o:p></span></p>
<p class="MsoNormal"><span lang="EN-US"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US">Best regards,<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US"><o:p> </o:p></span></p>
<p class="MsoNormal"><span lang="EN-US">Rebecca<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US"><o:p> </o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><b><span lang="EN-US" style="font-size:10.0pt;font-family:"Arial","sans-serif"">REBECCA GRAPSAS</span></b><span lang="EN-US" style="font-size:12.0pt;font-family:"Times New Roman","serif""><br>
</span><span lang="EN-US" style="font-size:9.0pt;font-family:"Arial","sans-serif"">Counsel<br>
<br>
<b>SIDLEY AUSTIN LLP</b><br>
787 Seventh Avenue<br>
New York, NY 10019<br>
+1 212 839 8541</span><span lang="EN-US" style="font-size:12.0pt;font-family:"Times New Roman","serif""><br>
</span><span lang="EN-US" style="font-size:9.0pt;font-family:"Arial","sans-serif""><a href="mailto:rebecca.grapsas@sidley.com" title="Click to send email to Grapsas, Rebecca">rebecca.grapsas@sidley.com</a></span><span lang="EN-US" style="font-size:12.0pt;font-family:"Times New Roman","serif""><br>
<a href="http://www.sidley.com" title="www.sidley.com"><span style="font-size:9.0pt;font-family:"Arial","sans-serif"">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 lang="EN-US" style="font-size:10.0pt;font-family:"Arial","sans-serif";border:solid windowtext 1.0pt;padding:0cm"><img border="0" width="126" height="54" id="_x0000_i1025" src="cid:image001.jpg@01D1EE49.9E87D3A0" alt="Image removed by sender. SIDLEY"></span></b><span lang="EN-US" style="font-size:10.0pt;font-family:"Times New Roman","serif""><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="font-size:10.0pt;font-family:"Times New Roman","serif""> </span><span lang="EN-US"><o:p></o:p></span></p>
<p class="45f019b9-d249-4aac-bed0-7b8f9885a234"><span lang="EN-US"> <o:p></o:p></span></p>
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