Steve,I think this reads well.I would strengthen our fundamental point about equal treatment in the opening paragraph.Philip------------OLDWhile the BC generally supports the renewal of the .NET registry agreement including Verisign’s requested changes, the BC recommends that the .NET registry adhere to selected requirements mandated by the new gTLD Program.NEWThe BC believes in the principle of equal treatment. Under this as ICANN's contracts evolve to suit changing market conditions, the ICANN contract renewal process should be the opportunity to upgrade older contracts to the new standards. This is fair both from a public interest perspective and from a competition law perspective. Under the ICANN process the contract parties are in the room when the conditions for new market entrants are being set. Under these unusual circumstances the contract parties cannot expect their older contracts to be immune from the changes they themselves are imposing on their future competitors.In the context of .NET therefore, ICANN should seek as a fundamental principle to amend this contract to equate with the requirements of the new gTLD program.Specific requirements of interest to the BC are the following ....