SPECIAL AWARD CONDITIONS
Amendment Number Twenty-Three (23)
- Section I.B.10, of Amendment 19, Expiration Date, is amended as follows:
The Expiration Date of the Cooperative Agreement shall be four years
after the date this amendment is signed, unless extended as provided
below. In the event that NSI completes the legal separation of the
ownership of its Registry Services business from its registrar business
by divesting all the assets and operations of one of those businesses,
by May 31st, 2001 to an unaffiliated third party that enters an agreement
enforceable by the Department of Commerce (i) not to be both a registry
and a registrar in the Registry TLDs, and (ii) not to control, own
or have as an affiliate any individual(s) or entity(ies) that, collectively,
act as both a registry and a registrar in the Registry TLDs, the Expiration
Date shall be extended for an additional four years, resulting in
a total term of eight years. For the purposes of this Section, "unaffiliated
third party" means an entity in which NSI (including its assigns,
subdivisions, and divisions, and their respective directors, officers,
employees, agents and representatives), does not have majority equity
ownership or the ability to exercise managerial or operational control,
either directly or indirectly through one or more intermediaries.
"Control," as used in this Section I.B.10, means any of
the following: (1) ownership, directly or indirectly, or other interest
entitling NSI to exercise in the aggregate 25% or more of the voting
power of an entity; (2) the power, directly or indirectly, to elect
25% or more of the board of directors (or equivalent governing body)
of an entity; or (3) the ability, directly or indirectly, to direct
or cause the direction of the management, operations, or policies
of an entity.
- The Department of Commerce hereby approves Amendment No. 1 to Registry
Agreement attached hereto as Appendix 1 to this
Amendment. Upon signatures of both parties, provide a copy to both
the Grants officer and the Federal Program Officer.
- Except as modified by this Amendment, the terms and conditions of
this Cooperative Agreement, as previously amended, remain unchanged.
1Amendment No. 1 to Registry Agreement
Network Solutions, Inc. (NSI) and the Internet Corporation for Assigned
Names and Numbers hereby agree that Section 23 of the Registry Agreement
they entered into with each other on November 10, 1999, under which NSI
operates the .com, .net and .org registries is hereby immediately amended
by substituting the phrase "on or before May 31, 2001" for the
phrase "within 18 months after the Effective Date" in that Section.
NETWORK SOLUTIONS, INC.
Date: May __ , 2001
INTERNET CORPORATION FOR
ASSIGNED NAMES AND NUMBERS
M. Stuart Lynn
President and CEO
Date: May __, 2001
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