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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='color:#1F497D;mso-fareast-language:EN-US'>FYI<o:p></o:p></span></p><p class=MsoNormal><span style='color:#1F497D;mso-fareast-language:EN-US'><o:p> </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> 07 May 2016 06:05<br><b>To:</b> Client Committee <cwg-client@icann.org><br><b>Subject:</b> [client com] PTI Formation Documents - Sidley Review (May 6, 2016)<o:p></o:p></span></p></div></div><p class=MsoNormal><o:p> </o:p></p><p class=MsoNormal><span lang=EN-US style='color:#1F497D'>Dear all,<o:p></o:p></span></p><p class=MsoNormal><span lang=EN-US style='color:#1F497D'><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN-US style='color:#1F497D'>Attached is an annotated version of the PTI governance documents term sheet that was prepared by ICANN. We have added columns to reflect any corresponding provision of the CWG proposal, as well as our comments.<o:p></o:p></span></p><p class=MsoNormal><span lang=EN-US style='color:#1F497D'><o:p> </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'>Sharon<o:p></o:p></span></p><p class=MsoNormal><span lang=EN-US style='color:#1F497D'><o:p> </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 R. FLANAGAN</span></b><span lang=EN-US style='font-size:9.0pt;font-family:"Arial",sans-serif;color:#1F497D'><br><br><br><b>SIDLEY AUSTIN LLP<br></b>+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 style='font-size:10.0pt;font-family:"Arial",sans-serif;color:#1F497D'> </span><span lang=EN-US><o:p></o:p></span></p><p class=a4c80dae-ab4a-4ee5-af37-4266486aaee2><span lang=EN-US> <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>