10% CONFIDENCE LEVEL gTLD CONSORTIUM gTLD CONSORTIUM gTLD CONSORTIUM gTLD CONSORTIUM gTLD CONSORTIUM
Detail P&L Detail P&L Detail P&L Detail P&L Detail P&L
           571,429            428,571
P&L    
Year 1 Year 2 Year 3 Year 4 Year 5
Period 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12
Revenue <---------SUNRISE PERIOD---------->
Monthly Growth Rate     0% -25% QUIET 0% -33% -38% -20.0% 6.0% 6.0% 6.0% 6.0% 6.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0%
New Domains Registered    400,000            571,429            428,571         1,200,000            800,000            500,000            400,000            424,000            449,440            476,406            504,990            535,289            545,995            556,915            568,053            579,414            591,002            602,822            614,878            627,176            639,720              652,514              665,564              678,875              685,664              692,521              699,446              706,440              713,504              720,639              727,845              735,123              742,474              749,899              757,398              764,972              772,622              780,348              788,151              796,033              803,993              812,033              820,153              828,355              836,639              845,005              853,455              861,990              870,610              879,316              888,109              896,990              905,960              915,020
Initial Annual Subscription Terms (Enter as Integer)
Weighted Avg. Initial Subscription Term 1 2.1 Years                   2.1                   2.1                   2.1                   2.1                   2.1                   2.1                   2.1                   2.1                   2.1                   2.1                   2.1                   2.1                   2.1                   2.1                   2.1                   2.1                   2.1                   2.1                   2.1                   2.1                   2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1                     2.1
Sunrise Period Subscription Term (Only) 5.0 Years                   5.0                   5.0                   5.0                   5.0                   5.0                   5.0                   5.0                   5.0                   5.0                   5.0                   5.0                   5.0                   5.0                   5.0                   5.0                   5.0                   5.0                   5.0                   5.0                   5.0                   5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0                     5.0
Domain Years
Domain Years - Term 1 Subscriptions (Sales Units)                    -                      -                      -           2,520,000         1,680,000         1,050,000            840,000            890,400            943,824         1,000,453         1,060,479         1,124,107         1,146,590         1,169,522         1,192,911         1,216,769         1,241,104         1,265,926         1,291,244         1,317,070         1,343,412           1,370,279           1,397,684           1,425,638           1,439,894           1,454,294           1,468,837           1,483,524           1,498,358           1,513,342           1,528,475           1,543,758           1,559,195           1,574,788           1,590,536           1,606,441           1,622,506           1,638,731           1,655,117           1,671,669           1,688,385           1,705,269           1,722,321           1,739,546           1,756,942           1,774,511           1,792,256           1,810,179           1,828,281           1,846,564           1,865,029           1,883,679           1,902,516           1,921,542
Domain Years - Sunrise Period Subscriptions (Sales Units)         2,857,145         2,142,855
New Domains Total Domain Years - (Sales Units)         2,857,145         2,142,855                    -           2,520,000         1,680,000         1,050,000            840,000            890,400            943,824         1,000,453         1,060,479         1,124,107         1,146,590         1,169,522         1,192,911         1,216,769         1,241,104         1,265,926         1,291,244         1,317,070         1,343,412           1,370,279           1,397,684           1,425,638           1,439,894           1,454,294           1,468,837           1,483,524           1,498,358           1,513,342           1,528,475           1,543,758           1,559,195           1,574,788           1,590,536           1,606,441           1,622,506           1,638,731           1,655,117           1,671,669           1,688,385           1,705,269           1,722,321           1,739,546           1,756,942           1,774,511           1,792,256           1,810,179           1,828,281           1,846,564           1,865,029           1,883,679           1,902,516           1,921,542
New Domains Up For  Renewal
Initial Subscription Domains Up For Renewal (Term 1)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -             1,200,000              800,000              500,000              400,000              424,000              449,440              476,406              504,990              535,289              545,995              556,915              568,053              579,414              591,002              602,822              614,878              627,176              639,720              652,514              665,564              678,875              685,664              692,521              699,446              706,440              713,504
Second Renewal Period  Domains Up For Renewal (Term 1)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                960,000              640,000              400,000              320,000              339,200              359,552              381,125              403,992
Sunrise Subscription Terms Up For Renewal                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Renewal Rate 80%                    -   80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80%
Domains Renewed after Initial Registration (Term 1 Subscriptions)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                960,000              640,000              400,000              320,000              339,200              359,552              381,125              403,992              428,231              436,796              445,532              454,442              463,531              472,802              482,258              491,902              501,741              511,776              522,011              532,451              543,100              548,531              554,017              559,557              565,152              570,803
Second Renewal Period Domains Renewed                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                768,000              512,000              320,000              256,000              271,360              287,642              304,900              323,194
Domains Renewed (Sunrise Period Subscriptions)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Total Domains Renewed                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                960,000              640,000              400,000              320,000              339,200              359,552              381,125              403,992              428,231              436,796              445,532              454,442              463,531              472,802              482,258              491,902              501,741              511,776           1,290,011           1,044,451              863,100              804,531              825,377              847,198              870,052              893,997
Weighted Avg. Renewal Term Following Initial Registration Period 1.5 Years                   1.5                   1.5                   1.5                   1.5                   1.5                   1.5                   1.5                   1.5                   1.5                   1.5                   1.5                   1.5                   1.5                   1.5                   1.5                   1.5                   1.5                   1.5                   1.5                   1.5                   1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5                     1.5
Renewal Domain Years Term 1 Subscriptions (Sales Units)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -             1,800,000           1,200,000              750,000              600,000              636,000              674,160              714,609              757,485              802,934              818,993              835,373              852,080              869,121              886,503              904,233              922,317              940,764              959,580           2,418,771           1,958,346           1,618,313           1,508,496           1,547,582           1,588,497           1,631,347           1,676,244
Renewal Domain Years From Sunrise Period Subscriptions (Sales Units)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Renewal Total Domain Years (Sales Units)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -             1,800,000           1,200,000              750,000              600,000              636,000              674,160              714,609              757,485              802,934              818,993              835,373              852,080              869,121              886,503              904,233              922,317              940,764              959,580           2,418,771           1,958,346           1,618,313           1,508,496           1,547,582           1,588,497           1,631,347           1,676,244
  Total Domains Under Management                                571,429         1,000,000         1,000,000         2,200,000         3,000,000         3,500,000         3,900,000         4,324,000         4,773,440         5,249,846         5,754,836         6,290,125         6,836,120         7,393,035         7,961,088         8,540,502         9,131,504         9,734,326       10,349,204       10,976,380       11,616,100         12,268,614         12,934,178         13,613,053         14,298,717         14,991,238         15,690,684         16,397,124         16,870,628         17,431,267         18,059,112         18,714,235         19,371,909         20,031,920         20,694,037         21,358,011         22,023,575         22,694,724         23,371,492         24,053,914         24,742,025         25,435,857         26,135,446         26,840,825         27,552,029         28,269,090         28,800,042         29,400,919         30,055,754         30,733,938         31,415,702         32,100,893         32,789,340         33,480,861
Total Domain Years (Sales Units)
Total Domain Years - Term 1 Subscriptions (Sales Units)                    -                      -                      -           2,520,000         1,680,000         1,050,000            840,000            890,400            943,824         1,000,453         1,060,479         1,124,107         1,146,590         1,169,522         1,192,911         1,216,769         1,241,104         1,265,926         1,291,244         1,317,070         1,343,412           1,370,279           1,397,684           1,425,638           1,439,894           1,454,294           1,468,837           1,483,524           1,498,358           1,513,342           1,528,475           1,543,758           1,559,195           1,574,788           1,590,536           1,606,441           1,622,506           1,638,731           1,655,117           1,671,669           1,688,385           1,705,269           1,722,321           1,739,546           1,756,942           1,774,511           1,792,256           1,810,179           1,828,281           1,846,564           1,865,029           1,883,679           1,902,516           1,921,542
Total Domain Years - Renewal Subscriptions (Sales Units)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -             1,800,000           1,200,000              750,000              600,000              636,000              674,160              714,609              757,485              802,934              818,993              835,373              852,080              869,121              886,503              904,233              922,317              940,764              959,580           2,418,771           1,958,346           1,618,313           1,508,496           1,547,582           1,588,497           1,631,347           1,676,244
Total Domain Years -From Sunrise Period Subscriptions (Sales Units)         2,857,145         2,142,855                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Total Domain Years (Sales Units)         2,857,145         2,142,855                    -           2,520,000         1,680,000         1,050,000            840,000            890,400            943,824         1,000,453         1,060,479         1,124,107         1,146,590         1,169,522         1,192,911         1,216,769         1,241,104         1,265,926         1,291,244         1,317,070         1,343,412           1,370,279           1,397,684           1,425,638           1,439,894           1,454,294           1,468,837           1,483,524           3,298,358           2,713,342           2,278,475           2,143,758           2,195,195           2,248,948           2,305,145           2,363,926           2,425,440           2,457,723           2,490,490           2,523,749           2,557,506           2,591,772           2,626,554           2,661,863           2,697,706           2,734,091           4,211,027           3,768,525           3,446,594           3,355,060           3,412,610           3,472,176           3,533,863           3,597,786
Registration Fee Per Domain Name Year $5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75 $5.75                 5.75                 5.75                 5.75                 5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75
Total Registration Revenue Term 1 (Cash)                    -                      -                      -         14,490,000         9,660,000         6,037,500         4,830,000         5,119,800         5,426,988         5,752,602         6,097,754         6,463,615         6,592,890         6,724,749         6,859,240         6,996,424         7,136,349         7,279,076         7,424,652         7,573,150         7,724,619           7,879,107           8,036,685           8,197,416           8,279,393           8,362,191           8,445,810           8,530,263           8,615,561           8,701,716           8,788,728           8,876,610           8,965,374           9,055,030           9,145,581           9,237,037           9,329,411           9,422,702           9,516,923           9,612,098           9,708,215           9,805,298           9,903,347         10,002,387         10,102,416         10,203,435         10,305,469         10,408,529         10,512,616         10,617,741         10,723,916         10,831,154         10,939,467         11,048,867
Total Registration Revenue Renewals Term 1 (Cash)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -           10,350,000           6,900,000           4,312,500           3,450,000           3,657,000           3,876,420           4,109,002           4,355,539           4,616,868           4,709,207           4,803,392           4,899,457           4,997,446           5,097,392           5,199,340           5,303,323           5,409,393           5,517,585         13,907,933         11,260,490           9,305,297           8,673,852           8,898,594           9,133,858           9,380,246           9,638,403
Total Registration Revenue Sunrise Period Subscriptions (Cash)       16,428,584       12,321,416                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Total Registration Revenue (Cash)       16,428,584       12,321,416                    -         14,490,000         9,660,000         6,037,500         4,830,000         5,119,800         5,426,988         5,752,602         6,097,754         6,463,615         6,592,890         6,724,749         6,859,240         6,996,424         7,136,349         7,279,076         7,424,652         7,573,150         7,724,619           7,879,107           8,036,685           8,197,416           8,279,393           8,362,191           8,445,810           8,530,263         18,965,561         15,601,716         13,101,228         12,326,610         12,622,374         12,931,450         13,254,583         13,592,576         13,946,278         14,131,909         14,320,315         14,511,556         14,705,661         14,902,691         15,102,687         15,305,709         15,511,809         15,721,020         24,213,402         21,669,019         19,817,913         19,291,593         19,622,510         19,965,012         20,319,713         20,687,270
Total Registration Revenue - Term 1 (Accrual)                    -                      -                      -              575,000            958,333         1,197,917         1,389,583         1,592,750         1,808,107         2,036,385         2,278,359         2,534,852         2,796,474         3,063,329         3,335,521         3,613,157         3,896,346         4,185,198         4,479,827         4,780,349         5,086,881           5,399,544           5,718,460           6,043,755           6,372,302           6,704,135           7,039,286           7,377,789           7,719,676           7,489,982           7,455,408           7,568,071           7,732,173           7,888,333           8,035,896           8,174,167           8,302,408           8,419,832           8,535,865           8,650,442           8,763,497           8,874,960           8,984,762           9,092,830           9,199,090           9,303,466           9,405,881           9,506,255           9,604,506           9,700,551           9,797,556           9,895,531           9,994,485         10,094,430
Total Registration Revenue Renewals - Term 1 (Accrual)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                575,000              958,333           1,197,917           1,389,583           1,592,750           1,808,107           2,036,385           2,278,359           2,534,852           2,796,474           3,063,329           3,335,521           3,613,157           3,896,346           4,185,198           4,479,827           4,780,349           5,086,881           5,284,544           5,526,794           5,804,171           6,094,385           6,385,585           6,677,665           6,970,512           7,264,004
Total Registration Revenue - Sunrise Period Subscriptions (Accrual)            273,810            479,167            479,167            479,167            479,167            479,167            479,167            479,167            479,167            479,167            479,167            479,167            479,167            479,167            479,167            479,167            479,167            479,167            479,167            479,167            479,167              479,167              479,167              479,167              479,167              479,167              479,167              479,167              479,167              479,167              479,167              479,167              479,167              479,167              479,167              479,167              479,167              479,167              479,167              479,167              479,167              479,167              479,167              479,167              479,167              479,167              479,167              479,167              479,167              479,167              479,167              479,167              479,167              479,167
Total Registration Revenue (Accrual)            273,810            479,167            479,167         1,054,167         1,437,500         1,677,083         1,868,750         2,071,917         2,287,273         2,515,551         2,757,526         3,014,018         3,275,641         3,542,496         3,814,688         4,092,324         4,375,512         4,664,365         4,958,994         5,259,515         5,566,048           5,878,711           6,197,627           6,522,921           6,851,469           7,183,302           7,518,453           7,856,955           8,773,843           8,927,482           9,132,491           9,436,821           9,804,090         10,175,606         10,551,447         10,931,693         11,316,426         11,695,473         12,078,361         12,465,130         12,855,821         13,250,473         13,649,126         14,051,823         14,458,605         14,869,514         15,169,592         15,512,215         15,887,844         16,274,103         16,662,307         17,052,362         17,444,164         17,837,601
Transfer Activity ( % of New Registrations) 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0%
Total Number of Transfers              11,429               8,571                    -                24,000              16,000              10,000               8,000               8,480               8,989               9,528              10,100              10,706              10,920              11,138              11,361              11,588              11,820              12,056              12,298              12,544              12,794                13,050                13,311                13,578                13,713                13,850                13,989                14,129                14,270                14,413                14,557                14,702                14,849                14,998                15,148                15,299                15,452                15,607                15,763                15,921                16,080                16,241                16,403                16,567                16,733                16,900                17,069                17,240                17,412                17,586                17,762                17,940                18,119                18,300
Incremental Domain Years Yield from Transfers (Sales Units) 0.5 Years                   0.5                   0.5                   0.5                   0.5                   0.5                   0.5                   0.5                   0.5                   0.5                   0.5                   0.5                   0.5                   0.5                   0.5                   0.5                   0.5                   0.5                   0.5                   0.5                   0.5                   0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5                     0.5
Total Incremental Domain Years - Transfers (Sales Units)               5,714               4,286                    -                12,000               8,000               5,000               4,000               4,240               4,494               4,764               5,050               5,353               5,460               5,569               5,681               5,794               5,910               6,028               6,149               6,272               6,397                 6,525                 6,656                 6,789                 6,857                 6,925                 6,994                 7,064                 7,135                 7,206                 7,278                 7,351                 7,425                 7,499                 7,574                 7,650                 7,726                 7,803                 7,882                 7,960                 8,040                 8,120                 8,202                 8,284                 8,366                 8,450                 8,535                 8,620                 8,706                 8,793                 8,881                 8,970                 9,060                 9,150
Total Transfer Revenue (Cash)              32,857              24,643                    -                69,000              46,000              28,750              23,000              24,380              25,843              27,393              29,037              30,779              31,395              32,023              32,663              33,316              33,983              34,662              35,355              36,063              36,784                37,520                38,270                39,035                39,426                39,820                40,218                40,620                41,026                41,437                41,851                42,270                42,692                43,119                43,550                43,986                44,426                44,870                45,319                45,772                46,230                46,692                47,159                47,630                48,107                48,588                49,074                49,564                50,060                50,561                51,066                51,577                52,093                52,614
Total Transfer Revenue (Accrual)               5,476               9,583               9,583              21,083              28,750              33,542              31,899              31,855              36,162              29,228              26,401              26,739              28,138              29,412              30,548              31,535              32,360              33,007              33,667              34,340              35,027                35,728                36,442                37,171                37,849                38,476                39,048                39,565                40,024                40,425                40,829                41,237                41,649                42,066                42,487                42,911                43,341                43,774                44,212                44,654                45,100                45,551                46,007                46,467                46,932                47,401                47,875                48,354                48,837                49,326                49,819                50,317                50,820                51,328
             447,763
Fee to ICANN Per Sales Unit (Paid Annually) $0.20            114,286              85,714                    -              240,000            160,000            100,000              80,000              84,800              89,888              95,281            100,998            107,058            337,771            282,811            113,611            355,883            278,200            220,564            202,976            210,235            217,832              225,784              234,111              242,833              372,046              344,173              253,500              281,171              468,901              402,692              356,545              344,940              353,268              361,921              370,917              380,274              502,509              478,786              397,987              402,971              504,026              477,151              458,349              455,620              462,885              470,341              631,597              588,259              672,089              636,083              558,869              567,617              576,624              585,903
Registry Operator
Registry Fees
Total Sales Units - Term 1 (From Above)                    -                      -                      -           2,520,000         1,680,000         1,050,000            840,000            890,400            943,824         1,000,453         1,060,479         1,124,107         1,146,590         1,169,522         1,192,911         1,216,769         1,241,104         1,265,926         1,291,244         1,317,070         1,343,412           1,370,279           1,397,684           1,425,638           1,439,894           1,454,294           1,468,837           1,483,524           1,498,358           1,513,342           1,528,475           1,543,758           1,559,195           1,574,788           1,590,536           1,606,441           1,622,506           1,638,731           1,655,117           1,671,669           1,688,385           1,705,269           1,722,321           1,739,546           1,756,942           1,774,511           1,792,256           1,810,179           1,828,281           1,846,564           1,865,029           1,883,679           1,902,516           1,921,542
Total Sales Units - Term 1 Renewals (From Above)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -             1,800,000           1,200,000              750,000              600,000              636,000              674,160              714,609              757,485              802,934              818,993              835,373              852,080              869,121              886,503              904,233              922,317              940,764              959,580           2,418,771           1,958,346           1,618,313           1,508,496           1,547,582           1,588,497           1,631,347           1,676,244
Total Sales Units - Sunrise Period Subscriptions (From Above)         2,857,145         2,142,855                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Total Sales Units - Incremental Yield from Transfers (From Above)               5,714               4,286                    -                12,000               8,000               5,000               4,000               4,240               4,494               4,764               5,050               5,353               5,460               5,569               5,681               5,794               5,910               6,028               6,149               6,272               6,397                 6,525                 6,656                 6,789                 6,857                 6,925                 6,994                 7,064                 7,135                 7,206                 7,278                 7,351                 7,425                 7,499                 7,574                 7,650                 7,726                 7,803                 7,882                 7,960                 8,040                 8,120                 8,202                 8,284                 8,366                 8,450                 8,535                 8,620                 8,706                 8,793                 8,881                 8,970                 9,060                 9,150
Total Sales Units         2,862,859         2,147,141                    -           2,532,000         1,688,000         1,055,000            844,000            894,640            948,318         1,005,217         1,065,529         1,129,460         1,152,049         1,175,091         1,198,592         1,222,564         1,247,014         1,271,954         1,297,393         1,323,341         1,349,809           1,376,805           1,404,340           1,432,426           1,446,751           1,461,219           1,475,831           1,490,588           3,305,493           2,720,548           2,285,753           2,151,110           2,202,620           2,256,447           2,312,719           2,371,576           2,433,166           2,465,527           2,498,371           2,531,709           2,565,546           2,599,893           2,634,756           2,670,146           2,706,072           2,742,541           4,219,561           3,777,145           3,455,300           3,363,853           3,421,491           3,481,146           3,542,923           3,606,936
Core Registry Fee per Name $2.95                 2.95                 2.95                 2.95                 2.95                 2.95                 2.95                 2.95                 2.95                 2.95                 2.95                 2.95                 2.95                 2.95                 2.95                 2.95                 2.95                 2.95                 2.95
Core Registry Fee - Term 1 (Cash)                    -                      -                      -           3,540,000         2,360,000         1,475,000         1,180,000         1,250,800         1,325,848         1,405,398         1,489,721         1,579,103         3,296,401         2,907,184         1,675,756         5,249,271         4,103,456         3,253,325                    -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Core Registry Fee - Term 1 Renewals (Cash)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Core Registry Fee - Sunrise Period Subscriptions (Cash)         1,685,716         1,264,284                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -           1,685,716         1,264,284                    -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Core Registry Fee - Transfers (Cash)              16,857              12,643                    -                35,400              23,600              14,750              11,800              12,508              13,258              14,054              14,897              15,791              16,107              16,429              16,758              17,093              17,435              17,783                    -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Total Core Registry Fee (Cash)         1,702,573         1,276,927                    -           3,575,400         2,383,600         1,489,750         1,191,800         1,263,308         1,339,106         1,419,452         1,504,618         1,594,894         4,998,223         4,187,897         1,692,514         5,266,364         4,120,890         3,271,108                    -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Core Registry Fee - Term 1 (Accrual)                    -                      -                      -              295,000            491,667            614,583            712,917            817,150            927,637         1,044,754         1,168,897         1,300,489         1,575,189         1,817,454         1,957,101         2,099,540         2,244,828         2,393,022         2,294,688         2,190,455         2,079,968           1,962,851           1,838,708           1,707,116           1,432,416           1,190,151           1,050,504              613,065              271,110                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Core Registry Fee - Term 1 Renewals (Accrual)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Core Registry Fee - Sunrise Period (Accrual)            140,476            245,833            245,833            245,833            245,833            245,833            245,833            245,833            245,833            245,833            245,833            245,833            245,833            245,833            245,833            245,833            245,833            245,833            245,833            245,833            245,833              245,833              245,833              245,833              105,357                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Core Registry Fee - Transfers               2,810               4,917               4,917              10,817              14,750              17,208              16,365              16,343              18,553              14,995              13,545              13,718              14,436              15,089              15,673              16,179              16,602              16,934              14,250              11,511               8,718                 5,870                 2,964                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Core Registry Fee (Accrual)                        143,286            250,750            250,750            551,650            752,250            877,625            975,115         1,079,326         1,192,023         1,305,582         1,428,275         1,560,041         1,835,458         2,078,377         2,218,607         2,361,552         2,507,263         2,655,789         2,554,771         2,447,800         2,334,520           2,214,554           2,087,505           1,952,949           1,537,773           1,190,151           1,050,504              613,065              271,110                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Total Registry Operations            143,286            250,750            250,750            551,650            752,250            877,625            975,115         1,079,326         1,192,023         1,305,582         1,428,275         1,560,041         1,835,458         2,078,377         2,218,607         2,361,552         2,507,263         2,655,789         2,554,771         2,447,800         2,334,520           2,214,554           2,087,505           1,952,949           1,537,773           1,190,151           1,050,504              613,065              271,110                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Year 1 Year 2 Year 3 Year 4 Year 5
1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12
Systems Development & Support
Labor              18,229              37,500              43,229              43,229              43,229              43,229              43,229              43,229              43,229              43,229              43,229            121,042              45,391              45,391              45,391              45,391              45,391              45,391              45,391              45,391              45,391              45,391            220,391            331,016            270,457            275,051            279,645              279,645              279,645              279,645              279,645              279,645              279,645              279,645              279,645              357,457              392,507              399,742              399,742              399,742              399,742              399,742              399,742              399,742              399,742              399,742              399,742              477,555              521,022              521,022              521,022              521,022              521,022              521,022              521,022              521,022              521,022              521,022              521,022              598,834
Equipment Operating Leases                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -              27,831              27,831            142,716            446,238            446,238            446,238            446,238            446,238              446,238              446,238              446,238              446,238              446,238              446,238              446,238              446,238              446,238           2,558,238           2,558,238           2,558,238           2,558,238           2,558,238           2,558,238           2,558,238           2,558,238           2,558,238           2,558,238           2,558,238           2,558,238           2,610,059           2,610,059           2,610,059           2,610,059           2,610,059           2,610,059           2,610,059           2,610,059           2,610,059           2,610,059           2,610,059           2,610,059
Remote Centers                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -              43,200              43,200              43,200              43,200              43,200              43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200
Network Operations Center                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -              38,400              38,400              38,400              38,400              38,400              38,400              38,400              38,400                38,400                38,400                38,400                38,400                38,400                38,400                38,400                38,400                38,400                40,800                40,800                40,800                40,800                40,800                40,800                40,800                40,800                40,800                40,800                40,800                40,800                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200                43,200
Other Systems Development & Support                                                                                                                        
Total Systems Development & Support              18,229              37,500              43,229              43,229              43,229              43,229              43,229              43,229              43,229              43,229              43,229            121,042              45,391              45,391              45,391              45,391              45,391              45,391              45,391            111,621            111,621            269,707            748,229            858,854            798,295            802,889            807,483              807,483              807,483              807,483              807,483              807,483              807,483              807,483              807,483              885,295           3,034,745           3,041,981           3,041,981           3,041,981           3,041,981           3,041,981           3,041,981           3,041,981           3,041,981           3,041,981           3,041,981           3,119,793           3,217,481           3,217,481           3,217,481           3,217,481           3,217,481           3,217,481           3,217,481           3,217,481           3,217,481           3,217,481           3,217,481           3,295,293
Customer Service
Labor                      -                      -               3,646              26,042              47,396              47,396              47,396              47,396              53,542              53,542              53,542            125,917              62,672              62,672              62,672              62,672              62,672              62,672              62,672              62,672              62,672              62,672              62,672            135,047              65,805              65,805              65,805                65,805                65,805                65,805                65,805                65,805                65,805                65,805                65,805              138,180                69,096                69,096                69,096                69,096                69,096                69,096                69,096                69,096                69,096                69,096                69,096              141,471                72,551                72,551                72,551                72,551                72,551                72,551                72,551                72,551                72,551                72,551                72,551              144,926
Other Customer Service                                                                                                                        
Total Customer Service                      -                      -               3,646              26,042              47,396              47,396              47,396              47,396              53,542              53,542              53,542            125,917              62,672              62,672              62,672              62,672              62,672              62,672              62,672              62,672              62,672              62,672              62,672            135,047              65,805              65,805              65,805                65,805                65,805                65,805                65,805                65,805                65,805                65,805                65,805              138,180                69,096                69,096                69,096                69,096                69,096                69,096                69,096                69,096                69,096                69,096                69,096              141,471                72,551                72,551                72,551                72,551                72,551                72,551                72,551                72,551                72,551                72,551                72,551              144,926
Marketing & Sales
Labor                    -                19,271              39,583              39,583              39,583              39,583              39,583              39,583              47,396              47,396              47,396            113,646              57,969              57,969              57,969              57,969              57,969              57,969              57,969              57,969              57,969              57,969              57,969            124,219              60,867              60,867              60,867                60,867                60,867                60,867                60,867                60,867                60,867                60,867                60,867              127,117                63,911                63,911                63,911                63,911                63,911                63,911                63,911                63,911                63,911                63,911                63,911              130,161                67,106                67,106                67,106                67,106                67,106                67,106                67,106                67,106                67,106                67,106                67,106              133,356
Advertising & Promotion:
Media                    -                      -                      -                      -                      -                      -              700,000            700,000            700,000         2,000,000         2,000,000         2,000,000            595,947            595,947            595,947            595,947            595,947            595,947            595,947            595,947            595,947            595,947            595,947            595,947            478,714            478,714            478,714              478,714              478,714              478,714              478,714              478,714              478,714              478,714              478,714              478,714              421,853              421,853              421,853              421,853              421,853              421,853              421,853              421,853              421,853              421,853              421,853              421,853              368,297              368,297              368,297              368,297              368,297              368,297              368,297              368,297              368,297              368,297              368,297              368,297
Co-op Advertising                    -                      -                      -                      -                      -                      -                      -                      -                      -           2,000,000         2,000,000         2,000,000            500,000            500,000            500,000            500,000            500,000            500,000            500,000            500,000            500,000            500,000            500,000            500,000            500,000            500,000            500,000              500,000              500,000              500,000              500,000              500,000              500,000              500,000              500,000              500,000              500,000              500,000              500,000              500,000              500,000              500,000              500,000              500,000              500,000              500,000              500,000              500,000              500,000              500,000              500,000              500,000              500,000              500,000              500,000              500,000              500,000              500,000              500,000              500,000
Production                    -                      -                      -                      -                      -              100,000            100,000            100,000         1,000,000            200,000            100,000                    -              124,363            124,363            124,363            124,363            124,363            124,363            124,363            124,363            124,363            124,363            124,363            124,363            111,060            111,060            111,060              111,060              111,060              111,060              111,060              111,060              111,060              111,060              111,060              111,060              104,607              104,607              104,607              104,607              104,607              104,607              104,607              104,607              104,607              104,607              104,607              104,607                98,530                98,530                98,530                98,530                98,530                98,530                98,530                98,530                98,530                98,530                98,530                98,530
Research                    -                      -                      -                      -                      -                      -                50,000              50,000              50,000              50,000              50,000              50,000              23,318              23,318              23,318              23,318              23,318              23,318              23,318              23,318              23,318              23,318              23,318              23,318              20,824              20,824              20,824                20,824                20,824                20,824                20,824                20,824                20,824                20,824                20,824                20,824                19,614                19,614                19,614                19,614                19,614                19,614                19,614                19,614                19,614                19,614                19,614                19,614                18,474                18,474                18,474                18,474                18,474                18,474                18,474                18,474                18,474                18,474                18,474                18,474
Agency Fee            100,000            100,000            100,000            100,000            200,000            200,000            200,000            200,000            200,000            200,000            200,000            200,000            147,681            147,681            147,681            147,681            147,681            147,681            147,681            147,681            147,681            147,681            147,681            147,681            131,883            131,883            131,883              131,883              131,883              131,883              131,883              131,883              131,883              131,883              131,883              131,883              124,221              124,221              124,221              124,221              124,221              124,221              124,221              124,221              124,221              124,221              124,221              124,221              117,005              117,005              117,005              117,005              117,005              117,005              117,005              117,005              117,005              117,005              117,005              117,005
Public Relations              200,000            200,000            200,000            300,000            400,000            400,000            400,000            400,000            500,000            500,000            500,000            500,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            166,667            166,667            166,667              166,667              166,667              166,667              166,667              166,667              166,667              166,667              166,667              166,667                83,333                83,333                83,333                83,333                83,333                83,333                83,333                83,333                83,333                83,333                83,333                83,333                83,333                83,333                83,333                83,333                83,333                83,333                83,333                83,333                83,333                83,333                83,333                83,333  
Total Marketing & Sales            300,000            319,271            339,583            439,583            639,583            739,583         1,489,583         1,489,583         2,497,396         4,997,396         4,897,396         4,863,646         1,699,277         1,699,277         1,699,277         1,699,277         1,699,277         1,699,277         1,699,277         1,699,277         1,699,277         1,699,277         1,699,277         1,765,527         1,470,015         1,470,015         1,470,015           1,470,015           1,470,015           1,470,015           1,470,015           1,470,015           1,470,015           1,470,015           1,470,015           1,536,265           1,317,540           1,317,540           1,317,540           1,317,540           1,317,540           1,317,540           1,317,540           1,317,540           1,317,540           1,317,540           1,317,540           1,383,790           1,252,745           1,252,745           1,252,745           1,252,745           1,252,745           1,252,745           1,252,745           1,252,745           1,252,745           1,252,745           1,252,745           1,318,995
General & Administrative
Labor                    -                20,313              28,646              68,750              83,333              83,333              83,333              83,333              83,333              83,333              83,333            203,646              87,500              87,500              93,516            102,266            102,266            102,266            102,266            102,266            102,266            102,266            102,266            222,578            107,379            107,379            107,379              107,379              107,379              107,379              107,379              107,379              107,379              107,379              107,379              227,691              112,748              112,748              112,748              112,748              112,748              112,748              112,748              112,748              112,748              112,748              112,748              233,060              118,385              118,385              118,385              118,385              118,385              118,385              118,385              118,385              118,385              118,385              118,385              238,698
Rent                  613               4,288               8,575              13,475              19,600              19,600              19,600              19,600              21,438              21,438              21,438              21,438              23,275              23,275              23,888              25,725              25,725              28,788              28,788              28,788              28,788              28,788              47,163              50,225              50,838              51,450              52,063                52,063                52,063                52,063                52,063                52,063                52,063                52,063                52,063                52,063                60,638                61,250                61,250                61,250                61,250                61,250                61,250                61,250                61,250                61,250                61,250                61,250                69,825                69,825                69,825                69,825                69,825                69,825                69,825                69,825                69,825                69,825                69,825                69,825
Telecommunications              20,048              20,336              20,672              21,056              21,536              21,536              21,536              21,536              21,680              21,680              21,680              21,680              21,824              21,824              21,872              22,016              22,016              22,256              22,256              22,256              22,256              22,256              23,696              23,936              23,984              24,032              24,080                24,080                24,080                24,080                24,080                24,080                24,080                24,080                24,080                24,080                24,752                24,800                24,800                24,800                24,800                24,800                24,800                24,800                24,800                24,800                24,800                24,800                25,472                25,472                25,472                25,472                25,472                25,472                25,472                25,472                25,472                25,472                25,472                25,472
Materials & Supplies                    200               1,400               2,800               4,400               6,400               6,400               6,400               6,400               7,000               7,000               7,000               7,000               7,904               7,904               8,112               8,736               8,736               9,776               9,776               9,776               9,776               9,776              16,016              17,056              17,955              18,171              18,387                18,387                18,387                18,387                18,387                18,387                18,387                18,387                18,387                18,387                22,272                22,497                22,497                22,497                22,497                22,497                22,497                22,497                22,497                22,497                22,497                22,497                26,673                26,673                26,673                26,673                26,673                26,673                26,673                26,673                26,673                26,673                26,673                26,673
Travel & Entertainment                72,000              72,000              72,000              72,000              72,000              72,000              72,000              72,000              72,000              72,000              72,000              72,000              75,600              75,600              75,600              75,600              75,600              75,600              75,600              75,600              75,600              75,600              75,600              75,600              79,380              79,380              79,380                79,380                79,380                79,380                79,380                79,380                79,380                79,380                79,380                79,380                83,349                83,349                83,349                83,349                83,349                83,349                83,349                83,349                83,349                83,349                83,349                83,349                87,516                87,516                87,516                87,516                87,516                87,516                87,516                87,516                87,516                87,516                87,516                87,516
Seminars & Conferences                 9,600               9,600               9,600               9,600               9,600               9,600               9,600               9,600               9,600               9,600               9,600               9,600               9,984               9,984               9,984               9,984               9,984               9,984               9,984               9,984               9,984               9,984               9,984               9,984              10,383              10,383              10,383                10,383                10,383                10,383                10,383                10,383                10,383                10,383                10,383                10,383                10,799                10,799                10,799                10,799                10,799                10,799                10,799                10,799                10,799                10,799                10,799                10,799                11,231                11,231                11,231                11,231                11,231                11,231                11,231                11,231                11,231                11,231                11,231                11,231
Insurance                 5,900               5,900               5,900               5,900               5,900               5,900               5,900               5,900               5,900               5,900               5,900               5,900               6,136               6,136               6,136               6,136               6,136               6,136               6,136               6,136               6,136               6,136               6,136               6,136               6,381               6,381               6,381                 6,381                 6,381                 6,381                 6,381                 6,381                 6,381                 6,381                 6,381                 6,381                 6,637                 6,637                 6,637                 6,637                 6,637                 6,637                 6,637                 6,637                 6,637                 6,637                 6,637                 6,637                 6,902                 6,902                 6,902                 6,902                 6,902                 6,902                 6,902                 6,902                 6,902                 6,902                 6,902                 6,902
Facility Maintenance & Other                      -                 4,600               4,600               4,600               4,600               4,600               4,600               4,600               4,600               4,600               4,600               4,600               4,784               4,784               4,784               4,784               4,784               4,784               4,784               4,784               4,784               4,784               4,784               4,784               4,975               4,975               4,975                 4,975                 4,975                 4,975                 4,975                 4,975                 4,975                 4,975                 4,975                 4,975                 5,174                 5,174                 5,174                 5,174                 5,174                 5,174                 5,174                 5,174                 5,174                 5,174                 5,174                 5,174                 5,381                 5,381                 5,381                 5,381                 5,381                 5,381                 5,381                 5,381                 5,381                 5,381                 5,381                 5,381
Legal Services              100,000            100,000            100,000            100,000            100,000               1,200               1,200               1,200               1,200               1,200               1,200               1,200               1,260               1,260               1,260               1,260               1,260               1,260               1,260               1,260               1,260               1,260               1,260               1,260               1,323               1,323               1,323                 1,323                 1,323                 1,323                 1,323                 1,323                 1,323                 1,323                 1,323                 1,323                 1,389                 1,389                 1,389                 1,389                 1,389                 1,389                 1,389                 1,389                 1,389                 1,389                 1,389                 1,389                 1,459                 1,459                 1,459                 1,459                 1,459                 1,459                 1,459                 1,459                 1,459                 1,459                 1,459                 1,459
Financial & Accounting Services                 6,000               6,000               6,000               6,000               6,000               6,000               6,000               6,000               6,000               6,000               6,000               6,000               6,300               6,300               6,300               6,300               6,300               6,300               6,300               6,300               6,300               6,300               6,300               6,300               6,615               6,615               6,615                 6,615                 6,615                 6,615                 6,615                 6,615                 6,615                 6,615                 6,615                 6,615                 6,946                 6,946                 6,946                 6,946                 6,946                 6,946                 6,946                 6,946                 6,946                 6,946                 6,946                 6,946                 7,293                 7,293                 7,293                 7,293                 7,293                 7,293                 7,293                 7,293                 7,293                 7,293                 7,293                 7,293
Other Outside Services                 2,500               2,500               2,500               2,500               2,500               2,500               2,500               2,500               2,500               2,500               2,500               2,500               2,625               2,625               2,625               2,625               2,625               2,625               2,625               2,625               2,625               2,625               2,625               2,625               2,756               2,756               2,756                 2,756                 2,756                 2,756                 2,756                 2,756                 2,756                 2,756                 2,756                 2,756                 2,894                 2,894                 2,894                 2,894                 2,894                 2,894                 2,894                 2,894                 2,894                 2,894                 2,894                 2,894                 3,039                 3,039                 3,039                 3,039                 3,039                 3,039                 3,039                 3,039                 3,039                 3,039                 3,039                 3,039
Trademark Review                      -                      -                      -                      -                      -                      -                68,571              51,429                    -              144,000              96,000              60,000              49,920              52,915              56,090              59,455              63,023              66,804              68,140              69,503              70,893              72,311              73,757              75,232              79,806              81,402              83,031                84,691                86,385                88,113                88,994                89,884                90,782                91,690                92,607                93,533                98,247                99,230              100,222              101,224              102,236              103,259              104,291              105,334              106,388              107,451              108,526              109,611              115,136              116,287              117,450              118,624              119,811              121,009              122,219              123,441              124,675              125,922              127,181              128,453
Site Hosting, Connectivity, and Devel. & Maint.                      -                      -                      -                 3,000               3,000               3,000               3,000               3,000               3,000               3,000               3,000               3,000               3,120               3,120               3,120               3,120               3,120               3,120               3,120               3,120               3,120               3,120               3,120               3,120               3,245               3,245               3,245                 3,245                 3,245                 3,245                 3,245                 3,245                 3,245                 3,245                 3,245                 3,245                 3,375                 3,375                 3,375                 3,375                 3,375                 3,375                 3,375                 3,375                 3,375                 3,375                 3,375                 3,375                 3,510                 3,510                 3,510                 3,510                 3,510                 3,510                 3,510                 3,510                 3,510                 3,510                 3,510                 3,510
Other General & Administrative                 7,600               8,200              11,300              12,100              13,100              13,100              13,100              13,100              13,400              13,400              13,400              13,400              14,096              14,096              14,196              14,496              14,496              14,996              14,996              14,996              14,996              14,996              17,996              18,496              19,008              19,108              19,208                19,208                19,208                19,208                19,208                19,208                19,208                19,208                19,208                19,208                21,036                21,136                21,136                21,136                21,136                21,136                21,136                21,136                21,136                21,136                21,136                21,136                21,300                21,300                21,300                21,300                21,300                21,300                21,300                21,300                21,300                21,300                21,300                21,300
                                                                                                                         
Total G&A            224,461            255,136            272,593            323,381            347,569            248,769            317,341            300,198            251,651            395,651            347,651            431,963            314,328            317,323            327,482            342,503            346,070            354,694            356,030            357,393            358,783            360,201            390,702            517,332            414,028            416,601            419,206              420,867              422,561              424,288              425,169              426,059              426,958              427,866              428,783              550,021              460,255              462,223              463,215              464,218              465,230              466,252              467,285              468,328              469,381              470,445              471,520              592,917              503,121              504,273              505,436              506,610              507,796              508,994              510,204              511,427              512,661              513,908              515,167              636,751
R&D
Labor                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                10,938              10,938              50,313              50,313              50,313              50,313              50,313              50,313              50,313              52,828              52,828              52,828                52,828                52,828                52,828                52,828                52,828                52,828                52,828                52,828                52,828                55,470                55,470                55,470                55,470                55,470                55,470                55,470                55,470                55,470                55,470                55,470                55,470                58,243                58,243                58,243                58,243                58,243                58,243                58,243                58,243                58,243                58,243                58,243                58,243
Outsourced R&D Efforts                      -                      -                      -                      -                      -                      -                 2,738               4,792               4,792              10,542              14,375              16,771              18,688              20,719              22,873              25,156              27,575              30,140              32,756              35,425              38,147              40,923              43,755              46,644              49,590              52,595              55,660                58,787                61,976                65,229                68,515                71,833                75,185                78,570                87,738                89,275                91,325                94,368                98,041              101,756              105,514              109,317              113,164              116,955              120,784              124,651              128,558              132,505              136,491              140,518              144,586              148,695              151,696              155,122              158,878              162,741              166,623              170,524              174,442              178,376
Total R&D                    -                      -                      -                      -                      -                      -                 2,738               4,792               4,792              10,542              14,375              16,771              18,688              20,719              22,873              36,093              38,513              80,453              83,069              85,737              88,459              91,236              94,068              96,956            102,418            105,423            108,489              111,615              114,804              118,057              121,343              124,661              128,013              131,398              140,567              142,103              146,794              149,838              153,510              157,226              160,984              164,786              168,634              172,424              176,253              180,121              184,028              187,974              194,734              198,761              202,829              206,938              209,939              213,365              217,121              220,984              224,866              228,767              232,685              236,619
                                                                                                                       
Total Operating Expenses            542,690            611,907            659,051            832,235         1,077,778         1,078,978         2,043,573         2,135,948         3,101,359         6,052,009         6,108,443         6,436,963         3,115,470         3,224,708         3,349,718         3,491,518         3,620,198         3,802,527         4,081,897         4,395,078         4,539,419         4,844,645         5,502,211         6,029,505         5,405,333         5,308,534         5,205,518           5,090,339           4,968,173           4,838,598           4,427,588           4,084,174           3,948,778           3,515,632           3,183,763           3,251,865           5,028,431           5,040,677           5,045,342           5,050,059           5,054,830           5,059,655           5,064,535           5,069,368           5,074,250           5,079,182           5,084,163           5,425,945           5,240,632           5,245,810           5,251,041           5,256,324           5,260,511           5,265,136           5,270,102           5,275,187           5,280,303           5,285,451           5,290,628           5,632,584
Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA)           (542,690)           (611,907)           (659,051)           (832,235)        (1,077,778)        (1,078,978)        (1,764,287)        (1,647,198)        (2,612,609)        (4,976,759)        (4,642,193)        (4,726,338)        (1,214,821)        (1,120,936)        (1,026,282)           (946,739)           (836,271)           (761,770)           (778,118)           (823,170)           (694,183)           (720,785)        (1,094,339)        (1,332,134)           (412,673)             (14,678)            395,558              824,099           1,265,896           1,721,494           2,461,730           3,137,603           3,608,723           4,380,888           5,630,104           5,716,042           4,144,889           4,437,381           4,800,397           5,167,613           5,539,104           5,914,950           6,295,232           6,669,879           7,048,322           7,430,602           7,816,758           7,870,079           8,454,501           8,852,480           9,254,496           9,660,591           9,956,955         10,295,433         10,666,579         11,048,241         11,431,823         11,817,228         12,204,356         12,256,345
Depreciation & Amortization                    -                 5,139              14,417              16,667              17,444              18,417              18,417              18,417              18,417              18,708              18,708              18,708              18,708              19,000              19,000              19,097              19,569              19,569              20,958              20,958              20,958              20,958              20,958              29,292              30,681              30,958              31,236                31,514                31,514                31,514                31,514                31,514                31,514                31,514                31,514                31,514                31,514                30,264                21,264                19,014                18,236                17,264                17,264                17,264                17,264                16,972                16,972                16,972                16,972                20,569                20,569                20,472                20,000                20,000                18,611                18,611                18,611                18,611                18,611                10,278
Earnings Before Interest, Taxes           (542,690)           (617,046)           (673,468)           (848,902)        (1,095,222)        (1,097,394)        (1,782,704)        (1,665,615)        (2,631,026)        (4,995,468)        (4,660,901)        (4,745,047)        (1,233,530)        (1,139,936)        (1,045,282)           (965,836)           (855,841)           (781,339)           (799,077)           (844,129)           (715,141)           (741,744)        (1,115,297)        (1,361,425)           (443,353)             (45,636)            364,321              792,585           1,234,382           1,689,980           2,430,216           3,106,089           3,577,209           4,349,374           5,598,590           5,684,528           4,113,376           4,407,117           4,779,133           5,148,599           5,520,868           5,897,686           6,277,968           6,652,615           7,031,058           7,413,630           7,799,786           7,853,107           8,437,529           8,831,910           9,233,927           9,640,119           9,936,955         10,275,433         10,647,968         11,029,630         11,413,212         11,798,617         12,185,745         12,246,067
Interest 1.75%                    -                 6,313               4,952               3,885               2,727               1,265                    -                20,279              33,318              28,865              41,350              43,177              41,043              40,593              43,118              45,961              49,109              52,644              56,453              57,947              57,638              59,931              61,399              60,196              60,520              64,487              71,304                78,084                84,747                91,275                97,662              103,564              109,036              114,242              118,943              137,839              151,373              159,437              166,471              173,639              180,950              188,422              196,074              203,925              211,735              219,505              227,235              234,926              242,474              249,691              257,182              264,638              272,062              291,623              307,183              319,728              331,183              342,800              354,593              366,577
                                                                                                                       
Pretax Consortium Profit (Before Rebates)           (542,690)           (623,359)           (678,420)           (852,787)        (1,097,949)        (1,098,659)        (1,782,704)        (1,685,893)        (2,664,344)        (5,024,332)        (4,702,251)        (4,788,224)        (1,274,573)        (1,180,530)        (1,088,400)        (1,011,797)           (904,950)           (833,983)           (855,530)           (902,075)           (772,779)           (801,675)        (1,176,696)        (1,421,622)           (503,873)           (110,123)            293,017              714,501           1,149,635           1,598,705           2,332,554           3,002,525           3,468,173           4,235,133           5,479,647           5,546,689           3,962,002           4,247,681           4,612,662           4,974,960           5,339,918           5,709,263           6,081,894           6,448,689           6,819,323           7,194,125           7,572,551           7,618,180           8,195,055           8,582,219           8,976,745           9,375,480           9,664,893           9,983,810         10,340,785         10,709,903         11,082,028         11,455,817         11,831,152         11,879,490
Rebate Pool (% of Before Tax Profits) 25%                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                73,254              178,625              287,409              399,676              583,138              750,631              867,043           1,058,783           1,369,912           1,386,672              990,501           1,061,920           1,153,166           1,243,740           1,334,980           1,427,316           1,520,473           1,612,172           1,704,831           1,798,531           1,893,138           1,904,545           2,048,764           2,145,555           2,244,186           2,343,870           2,416,223           2,495,952           2,585,196           2,677,476           2,770,507           2,863,954           2,957,788           2,969,872
Pretax Consortium Profit           (542,690)           (623,359)           (678,420)           (852,787)        (1,097,949)        (1,098,659)        (1,782,704)        (1,685,893)        (2,664,344)        (5,024,332)        (4,702,251)        (4,788,224)        (1,274,573)        (1,180,530)        (1,088,400)        (1,011,797)           (904,950)           (833,983)           (855,530)           (902,075)           (772,779)           (801,675)        (1,176,696)        (1,421,622)           (503,873)           (110,123)            219,763              535,876              862,226           1,199,029           1,749,415           2,251,894           2,601,130           3,176,349           4,109,735           4,160,017           2,971,502           3,185,760           3,459,497           3,731,220           4,004,939           4,281,948           4,561,420           4,836,517           5,114,492           5,395,594           5,679,413           5,713,635           6,146,291           6,436,664           6,732,559           7,031,610           7,248,670           7,487,857           7,755,589           8,032,427           8,311,521           8,591,863           8,873,364           8,909,617
Estimated Stockholder Taxes 40%                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                87,905              214,350              344,891              479,612              699,766              900,757           1,040,452           1,270,540           1,643,894           1,664,007           1,188,601           1,274,304           1,383,799           1,492,488           1,601,975           1,712,779           1,824,568           1,934,607           2,045,797           2,158,238           2,271,765           2,285,454           2,458,517           2,574,666           2,693,023           2,812,644           2,899,468           2,995,143           3,102,235           3,212,971           3,324,608           3,436,745           3,549,346           3,563,847
Estimated Consortium Net Income           (542,690)           (623,359)           (678,420)           (852,787)        (1,097,949)        (1,098,659)        (1,782,704)        (1,685,893)        (2,664,344)        (5,024,332)        (4,702,251)        (4,788,224)        (1,274,573)        (1,180,530)        (1,088,400)        (1,011,797)           (904,950)           (833,983)           (855,530)           (902,075)           (772,779)           (801,675)        (1,176,696)        (1,421,622)           (503,873)           (110,123)            131,858              321,526              517,336              719,417           1,049,649           1,351,136           1,560,678           1,905,810           2,465,841           2,496,010           1,782,901           1,911,456           2,075,698           2,238,732           2,402,963           2,569,169           2,736,852           2,901,910           3,068,695           3,237,356           3,407,648           3,428,181           3,687,775           3,861,999           4,039,535           4,218,966           4,349,202           4,492,714           4,653,353           4,819,456           4,986,913           5,155,118           5,324,018           5,345,770
gTLD CONSORTIUM gTLD CONSORTIUM gTLD CONSORTIUM gTLD CONSORTIUM gTLD CONSORTIUM
Cash Cash Cash Cash Cash
Period Year 1 Month 1 Year 1 Month 2 Year 1 Month 3 Year 1 Month 4 Year 1 Month 5 Year 1 Month 6 Year 1 Month 7 Year 1 Month 8 Year 1 Month 9 Year 1 Month 10 Year 1 Month 11 Year 1 Month 12 Year 2 Month 1 Year 2 Month 2 Year 2 Month 3 Year 2 Month 4 Year 2 Month 5 Year 2 Month 6 Year 2 Month 7 Year 2 Month 8 Year 2 Month 9 Year 2 Month 10 Year 2 Month 11 Year 2 Month 12 Year 3  Month 1 Year 3  Month 2 Year 3  Month 3 Year 3  Month 4 Year 3  Month 5 Year 3  Month 6 Year 3  Month 7 Year 3  Month 8 Year 3  Month 9 Year 3  Month 10 Year 3  Month 11 Year 3  Month 12 Year 4  Month 1 Year 4  Month 2 Year 4  Month 3 Year 4  Month 4 Year 4  Month 5 Year 4  Month 6 Year 4  Month 7 Year 4  Month 8 Year 4  Month 9 Year 4  Month 10 Year 4  Month 11 Year 4  Month 12 Year 5  Month 1 Year 5  Month 2 Year 5  Month 3 Year 5  Month 4 Year 5  Month 5 Year 5  Month 6 Year 5  Month 7 Year 5  Month 8 Year 5  Month 9 Year 5  Month 10 Year 5  Month 11 Year 5  Month 12
Cash Sales
Registration Revenue (Cash)                    -                      -                      -                      -                      -                      -         16,428,584       12,321,416                    -         14,490,000         9,660,000         6,037,500         4,830,000         5,119,800         5,426,988         5,752,602         6,097,754         6,463,615         6,592,890         6,724,749         6,859,240         6,996,424         7,136,349         7,279,076         7,424,652         7,573,150         7,724,619           7,879,107           8,036,685           8,197,416           8,279,393           8,362,191           8,445,810           8,530,263         18,965,561         15,601,716         13,101,228         12,326,610         12,622,374         12,931,450         13,254,583         13,592,576         13,946,278         14,131,909         14,320,315         14,511,556         14,705,661         14,902,691         15,102,687         15,305,709         15,511,809         15,721,020         24,213,402         21,669,019         19,817,913         19,291,593         19,622,510         19,965,012         20,319,713         20,687,270
Cash Outlays
Capital Expenditures           (185,000)           (334,000)             (81,000)             (28,000)             (35,000)                    -                      -                      -               (10,500)                    -                      -                      -               (10,500)                    -                (3,500)             (17,000)                    -               (50,000)                    -                      -                      -                      -             (300,000)             (50,000)             (10,000)             (10,000)             (10,000)                      -                        -                        -                        -                        -                        -                        -                        -                        -               (140,000)               (10,000)                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -               (140,000)                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Core Registry Fee (Cash)                    -                      -                      -                      -                      -                      -          (1,702,573)        (1,276,927)                    -          (3,575,400)        (2,383,600)        (1,489,750)        (1,191,800)        (1,263,308)        (1,339,106)        (1,419,452)        (1,504,618)        (1,594,894)        (4,998,223)        (4,187,897)        (1,692,514)        (5,266,364)        (4,120,890)        (3,271,108)                    -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Systems Development & Support             (18,229)             (37,500)             (43,229)             (43,229)             (43,229)             (43,229)             (43,229)             (43,229)             (43,229)             (43,229)             (43,229)           (121,042)             (45,391)             (45,391)             (45,391)             (45,391)             (45,391)             (45,391)             (45,391)           (111,621)           (111,621)           (269,707)           (748,229)           (858,854)           (798,295)           (802,889)           (807,483)             (807,483)             (807,483)             (807,483)             (807,483)             (807,483)             (807,483)             (807,483)             (807,483)             (885,295)          (3,034,745)          (3,041,981)          (3,041,981)          (3,041,981)          (3,041,981)          (3,041,981)          (3,041,981)          (3,041,981)          (3,041,981)          (3,041,981)          (3,041,981)          (3,119,793)          (3,217,481)          (3,217,481)          (3,217,481)          (3,217,481)          (3,217,481)          (3,217,481)          (3,217,481)          (3,217,481)          (3,217,481)          (3,217,481)          (3,217,481)          (3,295,293)
Customer Service                    -                      -                (3,646)             (26,042)             (47,396)             (47,396)             (47,396)             (47,396)             (53,542)             (53,542)             (53,542)           (125,917)             (62,672)             (62,672)             (62,672)             (62,672)             (62,672)             (62,672)             (62,672)             (62,672)             (62,672)             (62,672)             (62,672)           (135,047)             (65,805)             (65,805)             (65,805)               (65,805)               (65,805)               (65,805)               (65,805)               (65,805)               (65,805)               (65,805)               (65,805)             (138,180)               (69,096)               (69,096)               (69,096)               (69,096)               (69,096)               (69,096)               (69,096)               (69,096)               (69,096)               (69,096)               (69,096)             (141,471)               (72,551)               (72,551)               (72,551)               (72,551)               (72,551)               (72,551)               (72,551)               (72,551)               (72,551)               (72,551)               (72,551)             (144,926)
Marketing           (300,000)           (319,271)           (339,583)           (439,583)           (639,583)           (739,583)        (1,489,583)        (1,489,583)        (2,497,396)        (4,997,396)        (4,897,396)        (4,863,646)        (1,699,277)        (1,699,277)        (1,699,277)        (1,699,277)        (1,699,277)        (1,699,277)        (1,699,277)        (1,699,277)        (1,699,277)        (1,699,277)        (1,699,277)        (1,765,527)        (1,470,015)        (1,470,015)        (1,470,015)          (1,470,015)          (1,470,015)          (1,470,015)          (1,470,015)          (1,470,015)          (1,470,015)          (1,470,015)          (1,470,015)          (1,536,265)          (1,317,540)          (1,317,540)          (1,317,540)          (1,317,540)          (1,317,540)          (1,317,540)          (1,317,540)          (1,317,540)          (1,317,540)          (1,317,540)          (1,317,540)          (1,383,790)          (1,252,745)          (1,252,745)          (1,252,745)          (1,252,745)          (1,252,745)          (1,252,745)          (1,252,745)          (1,252,745)          (1,252,745)          (1,252,745)          (1,252,745)          (1,318,995)
G&A           (224,461)           (255,136)           (272,593)           (323,381)           (347,569)           (248,769)           (317,341)           (300,198)           (251,651)           (395,651)           (347,651)           (431,963)           (314,328)           (317,323)           (327,482)           (342,503)           (346,070)           (354,694)           (356,030)           (357,393)           (358,783)           (360,201)           (390,702)           (517,332)           (414,028)           (416,601)           (419,206)             (420,867)             (422,561)             (424,288)             (425,169)             (426,059)             (426,958)             (427,866)             (428,783)             (550,021)             (460,255)             (462,223)             (463,215)             (464,218)             (465,230)             (466,252)             (467,285)             (468,328)             (469,381)             (470,445)             (471,520)             (592,917)             (503,121)             (504,273)             (505,436)             (506,610)             (507,796)             (508,994)             (510,204)             (511,427)             (512,661)             (513,908)             (515,167)             (636,751)
R&D                    -                      -                      -                      -                      -                      -                (2,738)              (4,792)              (4,792)             (10,542)             (14,375)             (16,771)             (18,688)             (20,719)             (22,873)             (36,093)             (38,513)             (80,453)             (83,069)             (85,737)             (88,459)             (91,236)             (94,068)             (96,956)           (102,418)           (105,423)           (108,489)             (111,615)             (114,804)             (118,057)             (121,343)             (124,661)             (128,013)             (131,398)             (140,567)             (142,103)             (146,794)             (149,838)             (153,510)             (157,226)             (160,984)             (164,786)             (168,634)             (172,424)             (176,253)             (180,121)             (184,028)             (187,974)             (194,734)             (198,761)             (202,829)             (206,938)             (209,939)             (213,365)             (217,121)             (220,984)             (224,866)             (228,767)             (232,685)             (236,619)
Total           (727,690)           (945,907)           (740,051)           (860,235)        (1,112,778)        (1,078,978)        (3,602,860)        (3,162,125)        (2,861,109)        (9,075,759)        (7,739,793)        (7,049,088)        (3,342,655)        (3,408,690)        (3,500,301)        (3,622,387)        (3,696,540)        (3,887,380)        (7,244,662)        (6,504,598)        (4,013,327)        (7,749,456)        (7,415,838)        (6,694,824)        (2,860,562)        (2,870,734)        (2,880,998)          (2,875,785)          (2,880,668)          (2,885,649)          (2,889,815)          (2,894,024)          (2,898,274)          (2,902,567)          (2,912,653)          (3,251,865)          (5,168,431)          (5,050,677)          (5,045,342)          (5,050,059)          (5,054,830)          (5,059,655)          (5,064,535)          (5,069,368)          (5,074,250)          (5,079,182)          (5,084,163)          (5,425,945)          (5,380,632)          (5,245,810)          (5,251,041)          (5,256,324)          (5,260,511)          (5,265,136)          (5,270,102)          (5,275,187)          (5,280,303)          (5,285,451)          (5,290,628)          (5,632,584)
Interest* 6%                    -                (3,638)              (8,386)             (12,128)             (16,490)             (22,137)             (27,642)              36,348              82,327              68,433              95,846            105,926            101,398            109,342            118,444            128,670            139,964            152,670            166,314            163,887            165,807            180,866            178,005            177,498            181,306            205,033            229,571              254,131              278,453              302,464              326,139              348,303              369,128              389,174              407,612              474,845              523,715              555,103              582,577              610,690              639,469              668,980              699,289              730,469              761,701              792,986              824,329              855,734              886,446              916,952              948,235              979,594           1,011,033           1,084,274           1,144,260           1,194,283           1,240,884           1,288,324           1,336,660           1,385,953
Rebates                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -               (73,254)             (178,625)             (287,409)             (399,676)             (583,138)             (750,631)             (867,043)          (1,058,783)          (1,369,912)          (1,386,672)             (990,501)          (1,061,920)          (1,153,166)          (1,243,740)          (1,334,980)          (1,427,316)          (1,520,473)          (1,612,172)          (1,704,831)          (1,798,531)          (1,893,138)          (1,904,545)          (2,048,764)          (2,145,555)          (2,244,186)          (2,343,870)          (2,416,223)          (2,495,952)          (2,585,196)          (2,677,476)          (2,770,507)          (2,863,954)          (2,957,788)          (2,969,872)
                                                                                                                       
Net Cash from Operating Before Taxes           (727,690)           (949,545)           (748,437)           (872,364)        (1,129,268)        (1,101,114)       12,798,082         9,195,639        (2,778,783)         5,482,673         2,016,053           (905,662)         1,588,743         1,820,452         2,045,131         2,258,885         2,541,178         2,728,905           (485,458)            384,038         3,011,721           (572,166)           (101,484)            761,749         4,745,396         4,907,450         4,999,937           5,078,827           5,147,062           5,214,555           5,132,578           5,065,839           5,049,621           4,958,087         15,090,608         11,438,024           7,466,013           6,769,116           7,006,443           7,248,341           7,504,242           7,774,585           8,060,560           8,180,838           8,302,935           8,426,829           8,552,689           8,427,934           8,559,738           8,831,297           8,964,817           9,100,420         17,547,701         14,992,205         13,106,874         12,533,213         12,812,584         13,103,931         13,407,957         13,470,766
Cumulative Cash Balance After Disbursements           (727,690)        (1,677,235)        (2,425,672)        (3,298,036)        (4,427,304)        (5,528,418)         7,269,664       16,465,303       13,686,521       19,169,194       21,185,248       20,279,585       21,868,329       23,688,780       25,733,912       27,992,797       30,533,975       33,262,879       32,777,422       33,161,460       36,173,180       35,601,014       35,499,531       36,261,280       41,006,676       45,914,126       50,826,158         55,690,634         60,492,805         65,227,748         69,660,560         73,825,642         77,834,811         81,522,359         94,969,073        104,743,090        111,020,502        116,515,314        122,137,958        127,893,810        133,796,077        139,857,884        146,093,875        152,340,106        158,597,244        164,865,835        171,146,760        177,289,240        183,390,461        189,647,092        195,918,886        202,206,662        216,854,895        228,851,957        238,856,595        248,176,838        257,664,813        267,331,999        277,190,610        287,097,529
Debt Balance                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
*Function as percent of previous period Cash Balance After Debt & Equity Financing and Disbursements Debt Balance.                                                                                                                  
Financing
Debt
Equity
Cash Balance
ST Investments
Cash
gTLD CONSORTIUM gTLD CONSORTIUM gTLD CONSORTIUM gTLD CONSORTIUM gTLD CONSORTIUM
Balance Sheet Balance Sheet Balance Sheet Balance Sheet Balance Sheet
gTLD BALANCE SHEET      
Period Year 1 Month 1 Year 1 Month 2 Year 1 Month 3 Year 1 Month 4 Year 1 Month 5 Year 1 Month 6 Year 1 Month 7 Year 1 Month 8 Year 1 Month 9 Year 1 Month 10 Year 1 Month 11 Year 1 Month 12 Year 2 Month 1 Year 2 Month 2 Year 2 Month 3 Year 2 Month 4 Year 2 Month 5 Year 2 Month 6 Year 2 Month 7 Year 2 Month 8 Year 2 Month 9 Year 2 Month 10 Year 2 Month 11 Year 2 Month 12 Year 3  Month 1 Year 3  Month 2 Year 3  Month 3 Year 3  Month 4 Year 3  Month 5 Year 3  Month 6 Year 3  Month 7 Year 3  Month 8 Year 3  Month 9 Year 3  Month 10 Year 3  Month 11 Year 3  Month 12 Year 4  Month 1 Year 4  Month 2 Year 4  Month 3 Year 4  Month 4 Year 4  Month 5 Year 4  Month 6 Year 4  Month 7 Year 4  Month 8 Year 4  Month 9 Year 4  Month 10 Year 4  Month 11 Year 4  Month 12 Year 5  Month 1 Year 5  Month 2 Year 5  Month 3 Year 5  Month 4 Year 5  Month 5 Year 5  Month 6 Year 5  Month 7 Year 5  Month 8 Year 5  Month 9 Year 5  Month 10 Year 5  Month 11 Year 5  Month 12
Current Assets:
Cash $4,328,794 $3,395,489 $2,663,919 $1,869,724 $867,408 ($212,235) $13,905,549 $22,846,783 $19,792,876 $28,354,077 $29,607,118 $28,143,555 $27,835,332 $29,566,465 $31,516,175 $33,674,583 $36,098,882 $38,710,607 $39,734,801 $39,523,212 $41,095,793 $42,102,392 $41,277,417 $41,499,190 $44,219,594 $48,894,442 $53,543,224 $58,112,273 $62,588,766 $66,968,242 $71,015,477 $74,767,297 $78,337,294 $81,560,808 $94,517,868 $103,798,907 $109,32