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<p class="MsoNormal"><span style="color:#1F497D">Avri,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">I identified two issues in this process that for which I inserted comments that are highlighted in yellow.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Chuck<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> cwg-stewardship-bounces@icann.org [mailto:cwg-stewardship-bounces@icann.org]
<b>On Behalf Of </b>Grace Abuhamad<br>
<b>Sent:</b> Tuesday, May 26, 2015 12:53 PM<br>
<b>To:</b> cwg-stewardship@icann.org<br>
<b>Subject:</b> [CWG-Stewardship] FW: [client com] Separation Review and Related Documents from Sidley<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><span style="font-size:10.5pt;color:black">Forwarding Sidley’s work on Separation Process. <o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.5pt;color:black"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span style="color:black">From: </span></b><span style="color:black"><Flanagan>, Sharon Flanagan <<a href="mailto:sflanagan@sidley.com">sflanagan@sidley.com</a>><br>
<b>Date: </b>Friday, May 22, 2015 at 5:47 PM<br>
<b>To: </b>Client Committee <<a href="mailto:cwg-client@icann.org">cwg-client@icann.org</a>><br>
<b>Subject: </b>[client com] Separation Review and Related Documents from Sidley<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.5pt;color:black"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="color:black">Dear All,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"> <o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">Attached please find the following documents:<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"> <o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">1. Our comments to the Separation Process document.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"> <o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">2. An updated document addressing CCWG dependencies to reflect the Separation Process.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"> <o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">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></span></p>
<p class="MsoNormal"><span style="color:black"> <o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">3. A revised punch list document.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"> <o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">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></span></p>
<p class="MsoNormal"><span style="color:black"> <o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"> a. We have identified new items arising out of the design team input (those are in yellow);<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"> <o:p></o:p></span></p>
<p class="MsoNormal" style="text-indent:.5in"><span style="color:black">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></span></p>
<p class="MsoNormal" style="text-indent:.5in"><span style="color:black"> <o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"> c. We suggested specific wording changes to the CWG proposal to address the design team inputs on the punch list.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"> <o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">Grace – could you please forward to CWG?<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"> <o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">Best regards,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black">Holly, Sharon and Josh<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:black"> <o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black">SHARON</span></b><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> <b>FLANAGAN</b></span><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:black"><br>
</span><span style="font-size:9.0pt;font-family:"Arial","sans-serif";color:black">Partner</span><span style="color:black"><o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto"><span style="font-size:9.0pt;font-family:"Arial","sans-serif";color:black">Sidley Austin LLP<br>
555 California Street<br>
Suite 2000<br>
San Francisco, CA 94104<br>
+1.415.772.1271</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:black"><br>
</span><span style="color:black"><a href="mailto:sflanagan@sidley.com" title="Click to send email to Flanagan, Sharon"><span style="font-size:9.0pt;font-family:"Arial","sans-serif"">sflanagan@sidley.com</span></a></span><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:black"><br>
</span><span style="color:black"><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"><span style="color:black"><a href="http://www.sidley.com/"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";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><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:black"> <b>SIDLEY
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