Dear all, Attached please find a draft of the proposed term sheet for the PTI-ICANN IANA Functions Contract designed to replace the NTIA-ICANN agreement. For your convenience, we attach the following: • Term Sheet, in memo format (clean). • Cumulative redline against the initial term sheet included in the December CWG Draft Proposal • NTIA-ICANN Contract • Second CWG Draft Proposal (April 2015) We look forward to discussing this with you. Cheers, Josh JOSHUA HOFHEIMER Sidley Austin LLP +1.213.896.6061 (LA direct) +1.650.565.7561 (PA direct) +1.323.708.2405 (cell) jhofheimer@sidley.com<mailto:jhofheimer@sidley.com> www.sidley.com<http://www.sidley.com/> [http://www.sidley.com/files/upload/signatures/SA-autosig.png]<http://www.sidley.com/> SIDLEY AUSTIN LLP **************************************************************************************************** This e-mail is sent by a law firm and may contain information that is privileged or confidential. If you are not the intended recipient, please delete the e-mail and any attachments and notify us immediately. ****************************************************************************************************