<html><head></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space; color: rgb(0, 0, 0); font-size: 14px; font-family: Calibri, sans-serif;"><div>Dear all, </div><div>Sidley Austin sent through their work on the transition models as discussed in Istanbul. Please see attached. </div><div>Best, </div><div>Grace</div><div><br></div><span id="OLK_SRC_BODY_SECTION"><div style="font-family:Calibri; font-size:11pt; text-align:left; color:black; BORDER-BOTTOM: medium none; BORDER-LEFT: medium none; PADDING-BOTTOM: 0in; PADDING-LEFT: 0in; PADDING-RIGHT: 0in; BORDER-TOP: #b5c4df 1pt solid; BORDER-RIGHT: medium none; PADDING-TOP: 3pt"><span style="font-weight:bold">From: </span> <Flanagan>, Sharon Flanagan <<a href="mailto:sflanagan@sidley.com">sflanagan@sidley.com</a>><br><span style="font-weight:bold">Date: </span> Saturday, April 4, 2015 at 5:51 PM<br><span style="font-weight:bold">To: </span> Client Committee <<a href="mailto:cwg-client@icann.org">cwg-client@icann.org</a>><br><span style="font-weight:bold">Cc: </span> Grace Abuhamad <<a href="mailto:grace.abuhamad@icann.org">grace.abuhamad@icann.org</a>>, Holly Gregory <<a href="mailto:holly.gregory@sidley.com">holly.gregory@sidley.com</a>>, "Hofheimer, Joshua T." <<a href="mailto:jhofheimer@sidley.com">jhofheimer@sidley.com</a>>, "Clark, Michael A." <<a href="mailto:mclark@sidley.com">mclark@sidley.com</a>>, "McNicholas, Edward R." <<a href="mailto:emcnicholas@sidley.com">emcnicholas@sidley.com</a>>, "Boucher, Rick" <<a href="mailto:rboucher@sidley.com">rboucher@sidley.com</a>>, "Kerry, Cameron" <<a href="mailto:ckerry@sidley.com">ckerry@sidley.com</a>>, "Mohan, Vivek" <<a href="mailto:vivek.mohan@sidley.com">vivek.mohan@sidley.com</a>>, "Hilton, Tyler" <<a href="mailto:thilton@sidley.com">thilton@sidley.com</a>>, Tennie Tam <<a href="mailto:tennie.tam@sidley.com">tennie.tam@sidley.com</a>>, "Fuller, Miles" <<a href="mailto:wfuller@sidley.com">wfuller@sidley.com</a>><br><span style="font-weight:bold">Subject: </span> Transition Models for Further Consideration<br></div><div><br></div><div xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-microsoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-html40"><!-- Template generated by Exclaimer Mail Disclaimers on 09:51:22 Saturday, 4 April 2015 --><meta http-equiv="Content-Type" content="text/html; charset=utf-8"><style type="text/css">P.b6e489da-362a-4d38-93e3-044528892fa1 {
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</o:shapelayout></xml><![endif]--><div lang="EN-US" link="blue" vlink="purple"><p class="b6e489da-362a-4d38-93e3-044528892fa1"></p><div class="WordSection1"><p class="MsoNormal"><span style="font-family: Arial, sans-serif;">Dear All,<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family: Arial, sans-serif;"><o:p> </o:p></span></p><p class="MsoNormal"><span style="font-family: Arial, sans-serif;">Attached is an initial discussion draft of the two models that the CWG requested Sidley’s input on: the internal accountability/hybrid model with two closely related variants: accountability
mechanism with legal separation and accountability mechanism with functional separation. We look forward to discussing.<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family: Arial, sans-serif;"><o:p> </o:p></span></p><p class="MsoNormal"><span style="font-family: Arial, sans-serif;">Best regards,<o:p></o:p></span></p><p class="MsoNormal"><span style="font-family: Arial, sans-serif;">Sharon<o:p></o:p></span></p><div><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><b><span style="font-size: 10pt; font-family: Arial, sans-serif; color: rgb(31, 73, 125);">SHARON</span></b><span style="font-size: 9pt; font-family: Arial, sans-serif; color: rgb(31, 73, 125);"> </span><b><span style="font-size: 10pt; font-family: Arial, sans-serif; color: rgb(31, 73, 125);">FLANAGAN</span></b><span style="font-size: 9pt; font-family: Arial, sans-serif; color: rgb(31, 73, 125);"><br>
Partner<br><br></span><b><span style="font-size: 10pt; font-family: Arial, sans-serif; color: rgb(31, 73, 125);">Sidley Austin LLP</span></b><b><span style="font-size: 9pt; font-family: Arial, sans-serif; color: rgb(31, 73, 125);"><br></span></b><span style="font-size: 9pt; font-family: Arial, sans-serif; color: rgb(31, 73, 125);">+1.415.772.1271<br><a href="mailto:sflanagan@sidley.com" title="Click to send email to Flanagan, Sharon">sflanagan@sidley.com</a><o:p></o:p></span></p></div><p class="MsoNormal"><span style="font-size: 10pt; font-family: Arial, sans-serif; color: rgb(31, 73, 125);"> </span><span style="font-size: 9pt; font-family: Arial, sans-serif; color: rgb(31, 73, 125);"><o:p></o:p></span></p><div><div><p class="MsoNormal" style="margin-left:2.0in"><o:p> </o:p></p></div></div></div><p></p><p class="b6e489da-362a-4d38-93e3-044528892fa1"> </p><p>****************************************************************************************************<br>
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