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</o:shapelayout></xml><![endif]--></head><body lang=EN-IE link=blue vlink=purple><div class=WordSection1><p class=MsoNormal><span style='font-family:"Arial",sans-serif;color:#1F497D;mso-fareast-language:EN-US'>All,<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Arial",sans-serif;color:#1F497D;mso-fareast-language:EN-US'><o:p>&nbsp;</o:p></span></p><p class=MsoNormal><span style='font-family:"Arial",sans-serif;color:#1F497D;mso-fareast-language:EN-US'>A reminder of the work that Sidley undertook on the IANA IPR issue.<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Arial",sans-serif;color:#1F497D;mso-fareast-language:EN-US'><o:p>&nbsp;</o:p></span></p><p class=MsoNormal><span style='font-family:"Arial",sans-serif;color:#1F497D;mso-fareast-language:EN-US'>Of the three scenarios discussed by Sidley as follows:<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Arial",sans-serif;color:#1F497D;mso-fareast-language:EN-US'><o:p>&nbsp;</o:p></span></p><p class=MsoListParagraph style='text-indent:-18.0pt;mso-list:l0 level1 lfo1;text-autospace:none'><![if !supportLists]><span style='font-family:Symbol'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><![endif]><span style='font-family:"Arial",sans-serif'>ICANN maintains ownership of the IANA IPR,<o:p></o:p></span></p><p class=MsoListParagraph style='text-indent:-18.0pt;mso-list:l0 level1 lfo1;text-autospace:none'><![if !supportLists]><span style='font-family:Symbol'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><![endif]><span style='font-family:"Arial",sans-serif'>PTI becomes the registered owner of the IANA IPR, and<o:p></o:p></span></p><p class=MsoListParagraph style='text-indent:-18.0pt;mso-list:l0 level1 lfo1;text-autospace:none'><![if !supportLists]><span style='font-family:Symbol'><span style='mso-list:Ignore'>·<span style='font:7.0pt "Times New Roman"'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </span></span></span><![endif]><span style='font-family:"Arial",sans-serif'>An independent trust, such as the IETF Trust, becomes the registered owner of the IANA IPR.<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Arial",sans-serif;color:#1F497D;mso-fareast-language:EN-US'><o:p>&nbsp;</o:p></span></p><p class=MsoNormal><span style='font-family:"Arial",sans-serif;color:#1F497D;mso-fareast-language:EN-US'>Only the third scenario remains under consideration by the CWG. It is discussed in detail on pages 5-7 of the attached.<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Arial",sans-serif;color:#1F497D;mso-fareast-language:EN-US'><o:p>&nbsp;</o:p></span></p><p class=MsoNormal><span style='font-family:"Arial",sans-serif;color:#1F497D;mso-fareast-language:EN-US'>Thank-you,<o:p></o:p></span></p><p class=MsoNormal><span style='font-family:"Arial",sans-serif;color:#1F497D;mso-fareast-language:EN-US'><o:p>&nbsp;</o:p></span></p><p class=MsoNormal><span style='font-family:"Arial",sans-serif;color:#1F497D;mso-fareast-language:EN-US'><o:p>&nbsp;</o:p></span></p><p class=MsoNormal><span style='font-family:"Arial",sans-serif;color:#1F497D;mso-fareast-language:EN-US'>Jonathan<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><p class=MsoNormal><span style='color:#1F497D;mso-fareast-language:EN-US'><o:p>&nbsp;</o:p></span></p><div><div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0cm 0cm 0cm'><p class=MsoNormal><b><span lang=EN-US>From:</span></b><span lang=EN-US> Flanagan, Sharon [mailto:sflanagan@sidley.com] <br><b>Sent:</b> 05 August 2015 04:06<br><b>To:</b> Client Committee &lt;cwg-client@icann.org&gt;<br><b>Subject:</b> [client com] IPR Memo<o:p></o:p></span></p></div></div><p class=MsoNormal><o:p>&nbsp;</o:p></p><p class=MsoNormal><span lang=EN-US style='font-family:"Arial",sans-serif;color:#1F497D'>Dear All,<o:p></o:p></span></p><p class=MsoNormal><span lang=EN-US style='font-family:"Arial",sans-serif;color:#1F497D'><o:p>&nbsp;</o:p></span></p><p class=MsoNormal><span lang=EN-US style='font-family:"Arial",sans-serif;color:#1F497D'>Attached is a memo on the IPR issue under the three ownership structures.&nbsp; Please let us know if you have any questions or would like to discuss.<o:p></o:p></span></p><p class=MsoNormal><span lang=EN-US style='font-family:"Arial",sans-serif;color:#1F497D'><o:p>&nbsp;</o:p></span></p><p class=MsoNormal><span lang=EN-US style='font-family:"Arial",sans-serif;color:#1F497D'>Best regards,<o:p></o:p></span></p><p class=MsoNormal><span lang=EN-US style='font-family:"Arial",sans-serif;color:#1F497D'><o:p>&nbsp;</o:p></span></p><p class=MsoNormal><span lang=EN-US style='font-family:"Arial",sans-serif;color:#1F497D'>Holly, Josh and Sharon<o:p></o:p></span></p><p class=MsoNormal><span lang=EN-US style='font-family:"Arial",sans-serif;color:#1F497D'><o:p>&nbsp;</o:p></span></p><div><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;color:#1F497D'>SHARON</span></b><span lang=EN-US style='font-size:9.0pt;font-family:"Arial",sans-serif;color:#1F497D'>&nbsp;</span><b><span lang=EN-US style='font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D'>FLANAGAN</span></b><span lang=EN-US style='font-size:9.0pt;font-family:"Arial",sans-serif;color:#1F497D'><br>Partner<br><br></span><b><span lang=EN-US style='font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D'>Sidley Austin LLP</span></b><b><span lang=EN-US style='font-size:9.0pt;font-family:"Arial",sans-serif;color:#1F497D'><br></span></b><span lang=EN-US style='font-size:9.0pt;font-family:"Arial",sans-serif;color:#1F497D'>+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 lang=EN-US><o:p>&nbsp;</o:p></span></p><p class=MsoNormal><span lang=EN-US><o:p>&nbsp;</o:p></span></p><p class=031db9fc-ed3a-4508-a4a8-419ac434cf70><span lang=EN-US>&nbsp;<o:p></o:p></span></p><p><span lang=EN-US>****************************************************************************************************<br>This e-mail is sent by a law firm and may contain information that is privileged or confidential.<br>If you are not the intended recipient, please delete the e-mail and any attachments and notify us<br>immediately.<br><br>****************************************************************************************************<o:p></o:p></span></p></div></body></html>