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<p class="MsoNormal"><span style="color:#1F497D;mso-fareast-language:EN-US">Thank you for a fast answer and it makes sense. I have no strong feelings about this, so let’s keep it as suggested by Sidley.<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>&nbsp;</o:p></span></p>
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<p class="MsoNormal"><b><span lang="EN-US">From:</span></b><span lang="EN-US"> Grapsas, Rebecca [mailto:rebecca.grapsas@sidley.com]
<br>
<b>Sent:</b> 04 August 2016 12:51<br>
<b>To:</b> Lise Fuhr; Client Committee; Flanagan, Sharon<br>
<b>Subject:</b> RE: CWG Comment Letter - PTI Governance Documents<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p>&nbsp;</o:p></p>
<p class="MsoNormal"><a name="_MailEndCompose"><span lang="EN-US" style="color:#1F497D">Hi Lise – we had proposed deleting that provision from the COI to conform with the prohibition on director compensation in the PTI Bylaws (as discussed in the comment letter)
 and thereby reduce any confusion.&nbsp; If the provision in the PTI Bylaws changes in future to allow for such compensation, the COI could also be amended at that time.&nbsp;
</span></a><span lang="EN-US" style="color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="color:#1F497D"><o:p>&nbsp;</o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="color:#1F497D">Best regards,<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="color:#1F497D"><o:p>&nbsp;</o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="color:#1F497D">Rebecca<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-US" style="color:#1F497D"><o:p>&nbsp;</o:p></span></p>
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<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:&quot;Arial&quot;,&quot;sans-serif&quot;;color:#1F497D">REBECCA GRAPSAS</span></b><span lang="EN-US" style="font-size:9.0pt;font-family:&quot;Arial&quot;,&quot;sans-serif&quot;;color:#1F497D"><br>
Counsel<br>
<br>
<b>SIDLEY AUSTIN LLP<br>
</b>&#43;1 212 839 8541<br>
</span><span lang="EN-US"><a href="mailto:rebecca.grapsas@sidley.com" title="Click to send email to Grapsas, Rebecca"><span style="font-size:9.0pt;font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">rebecca.grapsas@sidley.com</span></a></span><span lang="EN-US" style="font-size:9.0pt;font-family:&quot;Arial&quot;,&quot;sans-serif&quot;;color:#1F497D"><o:p></o:p></span></p>
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<p class="MsoNormal"><span lang="EN-US" style="font-size:10.0pt;font-family:&quot;Arial&quot;,&quot;sans-serif&quot;;color:#1F497D">&nbsp;</span><span lang="EN-US" style="color:#1F497D"><o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:36.0pt"><b><span lang="EN-US" style="font-size:10.0pt;font-family:&quot;Tahoma&quot;,&quot;sans-serif&quot;">From:</span></b><span lang="EN-US" style="font-size:10.0pt;font-family:&quot;Tahoma&quot;,&quot;sans-serif&quot;"> Lise Fuhr [<a href="mailto:Fuhr@etno.eu">mailto:Fuhr@etno.eu</a>]
<br>
<b>Sent:</b> Thursday, August 04, 2016 6:16 AM<br>
<b>To:</b> Grapsas, Rebecca; Client Committee; Flanagan, Sharon<br>
<b>Subject:</b> RE: CWG Comment Letter - PTI Governance Documents<o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-left:36.0pt"><span lang="EN-US"><o:p>&nbsp;</o:p></span></p>
<p class="MsoNormal" style="margin-left:36.0pt"><span style="color:#1F497D">Hi Sharon and Rebecca,<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:36.0pt"><span style="color:#1F497D"><o:p>&nbsp;</o:p></span></p>
<p class="MsoNormal" style="margin-left:36.0pt"><span style="color:#1F497D">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" style="margin-left:36.0pt"><span style="color:#1F497D"><o:p>&nbsp;</o:p></span></p>
<p class="MsoNormal" style="margin-left:36.0pt"><span style="color:#1F497D">Best,<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:36.0pt"><span style="color:#1F497D">Lise <o:p>
</o:p></span></p>
<p class="MsoNormal" style="margin-left:36.0pt"><span style="color:#1F497D"><o:p>&nbsp;</o:p></span></p>
<p class="MsoNormal" style="margin-left:36.0pt"><span style="color:#1F497D"><o:p>&nbsp;</o:p></span></p>
<p class="MsoNormal" style="margin-left:36.0pt;text-autospace:none"><span style="font-size:12.0pt;font-family:&quot;Times-Roman&quot;,&quot;serif&quot;;color:#010000">ARTICLE IV
</span><span style="font-size:12.0pt;font-family:&quot;Times-Roman&quot;,&quot;serif&quot;;color:black">-- COMPENSATION<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:36.0pt;text-autospace:none"><span style="font-size:12.0pt;font-family:&quot;Times-Roman&quot;,&quot;serif&quot;;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="margin-left:36.0pt;text-autospace:none"><span style="font-size:12.0pt;font-family:&quot;Times-Roman&quot;,&quot;serif&quot;;color:red">services may not vote on matters pertaining to the Director’s Compensation.<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:36.0pt;text-autospace:none"><span style="font-size:12.0pt;font-family:&quot;Times-Roman&quot;,&quot;serif&quot;;color:red">Section 4.2.</span><span style="font-size:12.0pt;font-family:&quot;Times-Roman&quot;,&quot;serif&quot;;color:green">Section 4.1.
</span><span style="font-size:12.0pt;font-family:&quot;Times-Roman&quot;,&quot;serif&quot;;color:black">A Director may not vote on matters pertaining to Compensation<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:36.0pt;text-autospace:none"><span style="font-size:12.0pt;font-family:&quot;Times-Roman&quot;,&quot;serif&quot;;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="margin-left:36.0pt;text-autospace:none"><span style="font-size:12.0pt;font-family:&quot;Times-Roman&quot;,&quot;serif&quot;;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="margin-left:36.0pt;text-autospace:none"><span style="font-size:12.0pt;font-family:&quot;Times-Roman&quot;,&quot;serif&quot;;color:black">limited to, any relationship other than kinship, spousal or spousal equivalent that<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:36.0pt;text-autospace:none"><span style="font-size:12.0pt;font-family:&quot;Times-Roman&quot;,&quot;serif&quot;;color:black">establishes a significant personal bond between the Director and such other individual<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:36.0pt;text-autospace:none"><span style="font-size:12.0pt;font-family:&quot;Times-Roman&quot;,&quot;serif&quot;;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="margin-left:36.0pt;text-autospace:none"><span style="font-size:12.0pt;font-family:&quot;Times-Roman&quot;,&quot;serif&quot;;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="margin-left:36.0pt;text-autospace:none"><span style="font-size:12.0pt;font-family:&quot;Times-Roman&quot;,&quot;serif&quot;;color:black">PTI.<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:36.0pt;text-autospace:none"><span style="font-size:12.0pt;font-family:&quot;Times-Roman&quot;,&quot;serif&quot;;color:red">Section 4.3.</span><span style="font-size:12.0pt;font-family:&quot;Times-Roman&quot;,&quot;serif&quot;;color:green">Section 4.2.
</span><span style="font-size:12.0pt;font-family:&quot;Times-Roman&quot;,&quot;serif&quot;;color:black">No Covered Person who receives Compensation, directly or<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:36.0pt;text-autospace:none"><span style="font-size:12.0pt;font-family:&quot;Times-Roman&quot;,&quot;serif&quot;;color:black">indirectly, from PTI, either individually or collectively, is prohibited from providing<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:36.0pt"><span style="font-size:12.0pt;font-family:&quot;Times-Roman&quot;,&quot;serif&quot;;color:black">information to the Board regarding the Covered Person’s Compensation.</span><span style="color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:36.0pt"><span style="color:#1F497D"><o:p>&nbsp;</o:p></span></p>
<p class="MsoNormal" style="margin-left:36.0pt"><span style="color:#1F497D"><o:p>&nbsp;</o:p></span></p>
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<p class="MsoNormal" style="margin-left:36.0pt"><b><span lang="EN-US">From:</span></b><span lang="EN-US">
<a href="mailto:cwg-client-bounces@icann.org">cwg-client-bounces@icann.org</a> [<a href="mailto:cwg-client-bounces@icann.org">mailto:cwg-client-bounces@icann.org</a>]
<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" style="margin-left:36.0pt"><o:p>&nbsp;</o:p></p>
<p class="MsoNormal" style="margin-left:36.0pt"><span lang="EN-US">Dear Client Committee,<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:36.0pt"><span lang="EN-US"><o:p>&nbsp;</o:p></span></p>
<p class="MsoNormal" style="margin-left:36.0pt"><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" style="margin-left:36.0pt"><span lang="EN-US"><o:p>&nbsp;</o:p></span></p>
<p class="MsoNormal" style="margin-left:36.0pt"><span lang="EN-US">The comment letter is due August 7.&nbsp;
<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:36.0pt"><span lang="EN-US"><o:p>&nbsp;</o:p></span></p>
<p class="MsoNormal" style="margin-left:36.0pt"><span lang="EN-US">Best regards,<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:36.0pt"><span lang="EN-US"><o:p>&nbsp;</o:p></span></p>
<p class="MsoNormal" style="margin-left:36.0pt"><span lang="EN-US">Rebecca<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:36.0pt"><span lang="EN-US"><o:p>&nbsp;</o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;margin-left:36.0pt">
<b><span lang="EN-US" style="font-size:10.0pt;font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">REBECCA GRAPSAS</span></b><span lang="EN-US" style="font-size:12.0pt;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><br>
</span><span lang="EN-US" style="font-size:9.0pt;font-family:&quot;Arial&quot;,&quot;sans-serif&quot;">Counsel<br>
<br>
<b>SIDLEY AUSTIN LLP</b><br>
787 Seventh Avenue<br>
New York, NY 10019<br>
&#43;1 212 839 8541</span><span lang="EN-US" style="font-size:12.0pt;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;"><br>
</span><span lang="EN-US" style="font-size:9.0pt;font-family:&quot;Arial&quot;,&quot;sans-serif&quot;"><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:&quot;Times New Roman&quot;,&quot;serif&quot;"><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>
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