Attached is the comment of the ICANN Business Constituency (BC) regarding the ICANN Reserve Fund Proposed Replenishment Strategy. This comment was drafted by John Berard, Jimson Olufuye, and Steve DelBianco, with edits from Denise Michel, Chris Wilson, and Marilyn Cade. It was approved in accord with the BC Charter. Steve DelBianco Vice Chair for Policy Coordination ICANN Business Constituency