<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>Forwarding Sidley’s work on Separation Process. </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> Friday, May 22, 2015 at 5:47 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">Subject: </span> [client com] Separation Review and Related Documents from Sidley<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 04:47:19 Friday, 22 May 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">Dear All,<o:p></o:p></p><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal">Attached please find the following documents:<o:p></o:p></p><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal">1. Our comments to the Separation Process document.<o:p></o:p></p><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal">2. An updated document addressing CCWG dependencies to reflect the Separation Process.
<o:p></o:p></p><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal">This document is an extract from the CCWG proposal and is marked to show proposed changes. Consider whether you would want to communicate these new dependencies to CCWG through a comment letter to their proposal.<o:p></o:p></p><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal">3. A revised punch list document. <o:p></o:p></p><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal">Please note that this is not Staff-maintained punch list. Instead it is the Sidley version where we added in the inputs we received from Greg from the design teams. We also attach a redline so Staff can see what changes we are proposing
and those changes can be carried over to the master punch list being maintained by Staff. A few notes on the punch list:<o:p></o:p></p><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal"> a. We have identified new items arising out of the design team input (those are in yellow);<o:p></o:p></p><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal" style="text-indent:.5in">b. We have added the PTI item we discussed regarding input from ICANN finance/tax on the tax exempt status of PTI (#1A); and<o:p></o:p></p><p class="MsoNormal" style="text-indent:.5in"><o:p> </o:p></p><p class="MsoNormal"> c. We suggested specific wording changes to the CWG proposal to address the design team inputs on the punch list.<o:p></o:p></p><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal">Grace – could you please forward to CWG?<o:p></o:p></p><p class="MsoNormal"><o:p> </o:p></p><p class="MsoNormal">Best regards,<o:p></o:p></p><p class="MsoNormal">Holly, Sharon and Josh<o:p></o:p></p><p class="MsoNormal"><o:p> </o:p></p><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;">SHARON</span></b><span style="font-size: 10pt; font-family: Arial, sans-serif;"> <b>FLANAGAN</b></span><span style="font-size: 12pt; font-family: 'Times New Roman', serif;"><br></span><span style="font-size: 9pt; font-family: Arial, sans-serif;">Partner</span><span style="font-size: 12pt; font-family: 'Times New Roman', serif;"><o:p></o:p></span></p><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size: 9pt; font-family: Arial, sans-serif;">Sidley Austin LLP<br>
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+1.415.772.1271</span><span style="font-size: 12pt; font-family: 'Times New Roman', serif;"><br></span><a href="mailto:sflanagan@sidley.com" title="Click to send email to Flanagan, Sharon"><span style="font-size: 9pt; font-family: Arial, sans-serif; color: blue;">sflanagan@sidley.com</span></a><span style="font-size: 12pt; font-family: 'Times New Roman', serif;"><br></span><a href="http://www.sidley.com" title="www.sidley.com"><span style="font-size: 9pt; font-family: Arial, sans-serif; color: blue;">www.sidley.com</span></a><span style="font-size: 12pt; font-family: 'Times New Roman', serif;"><o:p></o:p></span></p><p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><a href="http://www.sidley.com/"><span style="font-size: 10pt; font-family: Arial, sans-serif; color: blue; text-decoration: none;"><img border="0" width="35" height="35" id="_x0000_i1025" src="http://www.sidley.com/files/upload/signatures/SA-autosig.png" alt="http://www.sidley.com/files/upload/signatures/SA-autosig.png"></span></a><span style="font-size: 10pt; font-family: Arial, sans-serif;"> </span><b><span style="font-size: 10pt; font-family: Arial, sans-serif;">SIDLEY
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