50% 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
           400,000            300,000
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% 4.5% 4.5% 4.5% 4.5% 4.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 1.5% 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%  
New Domains Registered    300,000            400,000            300,000            900,000            600,000            375,000            300,000            313,500            327,608            342,350            357,756            373,855            379,463            385,155            390,932            396,796            402,748            408,789            414,921            421,145            427,462            433,874            440,382            446,988            449,223            451,469            453,726            455,995            458,275            460,566            462,869            465,183            467,509            469,847            472,196            474,557            476,930            479,315              481,712              484,121              486,542              488,975              491,420              493,877              496,346              498,828              501,322              503,829              506,348              508,880              511,424              513,981              516,551              519,134
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)                    -                      -                      -           1,890,000         1,260,000            787,500            630,000            658,350            687,977            718,935            751,288            785,096            796,872            808,826            820,957            833,272            845,771            858,457            871,334            884,405            897,670            911,135            924,802            938,675            943,368            948,085            952,825            957,590            962,378            967,189            972,025            976,884            981,769            986,679            991,612            996,570         1,001,553         1,006,562           1,011,595           1,016,654           1,021,738           1,026,848           1,031,982           1,037,142           1,042,327           1,047,539           1,052,776           1,058,041           1,063,331           1,068,648           1,073,990           1,079,360           1,084,757           1,090,181
Domain Years - Sunrise Period Subscriptions (Sales Units)         2,000,000         1,500,000
New Domains Total Domain Years - (Sales Units)         2,000,000         1,500,000                    -           1,890,000         1,260,000            787,500            630,000            658,350            687,977            718,935            751,288            785,096            796,872            808,826            820,957            833,272            845,771            858,457            871,334            884,405            897,670            911,135            924,802            938,675            943,368            948,085            952,825            957,590            962,378            967,189            972,025            976,884            981,769            986,679            991,612            996,570         1,001,553         1,006,562           1,011,595           1,016,654           1,021,738           1,026,848           1,031,982           1,037,142           1,042,327           1,047,539           1,052,776           1,058,041           1,063,331           1,068,648           1,073,990           1,079,360           1,084,757           1,090,181
New Domains Up For  Renewal
Initial Subscription Domains Up For Renewal (Term 1)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -              900,000            600,000            375,000            300,000            313,500            327,608            342,350            357,756            373,855            379,463              385,155              390,932              396,796              402,748              408,789              414,921              421,145              427,462              433,874              440,382              446,988              449,223              451,469              453,726              455,995              458,275
Second Renewal Period  Domains Up For Renewal (Term 1)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                630,000              420,000              262,500              210,000              219,450              229,326              239,645              250,429
Sunrise Subscription Terms Up For Renewal                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Renewal Rate 70%                    -   70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70% 70%
Domains Renewed after Initial Registration (Term 1 Subscriptions)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -              630,000            420,000            262,500            210,000            219,450            229,326            239,645            250,429            261,699            265,624              269,609              273,652              277,757              281,924              286,152              290,445              294,802              299,223              303,712              308,267              312,892              314,456              316,028              317,608              319,197              320,793
Second Renewal Period Domains Renewed                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                441,000              294,000              183,750              147,000              153,615              160,528              167,752              175,300
Domains Renewed (Sunrise Period Subscriptions)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Total Domains Renewed                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -              630,000            420,000            262,500            210,000            219,450            229,326            239,645            250,429            261,699            265,624              269,609              273,652              277,757              281,924              286,152              290,445              294,802              299,223              744,712              602,267              496,642              461,456              469,643              478,136              486,948              496,093
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)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -           1,350,000            900,000            562,500            450,000            470,250            491,412            513,525            536,634            560,783            569,195              577,733              586,398              595,194              604,122              613,184              622,382              631,718              641,193           1,595,811           1,290,573           1,064,232              988,835           1,006,379           1,024,577           1,043,460           1,063,056
Renewal Domain Years From Sunrise Period Subscriptions (Sales Units)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Renewal Total Domain Years (Sales Units)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -           1,350,000            900,000            562,500            450,000            470,250            491,412            513,525            536,634            560,783            569,195              577,733              586,398              595,194              604,122              613,184              622,382              631,718              641,193           1,595,811           1,290,573           1,064,232              988,835           1,006,379           1,024,577           1,043,460           1,063,056
  Total Domains Under Management                                400,000            700,000            700,000         1,600,000         2,200,000         2,575,000         2,875,000         3,188,500         3,516,108         3,858,458         4,216,214         4,590,069         4,969,532         5,354,687         5,745,619         6,142,415         6,545,163         6,953,952         7,368,873         7,790,018         8,217,480         8,651,354         9,091,736         9,538,724         9,987,947       10,439,416       10,893,142       11,349,137       11,537,412       11,817,978       12,168,347       12,543,530       12,916,989       13,288,554       13,658,045       14,025,275       14,390,048       14,755,524         15,121,690         15,488,531         15,856,035         16,224,185         16,592,968         16,962,369         17,332,372         17,702,961         17,885,121         18,130,835         18,424,337         18,735,450         19,045,598         19,354,664         19,662,523         19,969,045
Total Domain Years (Sales Units)
Total Domain Years - Term 1 Subscriptions (Sales Units)                    -                      -                      -           1,890,000         1,260,000            787,500            630,000            658,350            687,977            718,935            751,288            785,096            796,872            808,826            820,957            833,272            845,771            858,457            871,334            884,405            897,670            911,135            924,802            938,675            943,368            948,085            952,825            957,590            962,378            967,189            972,025            976,884            981,769            986,679            991,612            996,570         1,001,553         1,006,562           1,011,595           1,016,654           1,021,738           1,026,848           1,031,982           1,037,142           1,042,327           1,047,539           1,052,776           1,058,041           1,063,331           1,068,648           1,073,990           1,079,360           1,084,757           1,090,181
Total Domain Years - Renewal Subscriptions (Sales Units)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -           1,350,000            900,000            562,500            450,000            470,250            491,412            513,525            536,634            560,783            569,195              577,733              586,398              595,194              604,122              613,184              622,382              631,718              641,193           1,595,811           1,290,573           1,064,232              988,835           1,006,379           1,024,577           1,043,460           1,063,056
Total Domain Years -From Sunrise Period Subscriptions (Sales Units)         2,000,000         1,500,000                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Total Domain Years (Sales Units)         2,000,000         1,500,000                    -           1,890,000         1,260,000            787,500            630,000            658,350            687,977            718,935            751,288            785,096            796,872            808,826            820,957            833,272            845,771            858,457            871,334            884,405            897,670            911,135            924,802            938,675            943,368            948,085            952,825            957,590         2,312,378         1,867,189         1,534,525         1,426,884         1,452,019         1,478,091         1,505,137         1,533,204         1,562,336         1,575,756           1,589,328           1,603,052           1,616,932           1,630,970           1,645,166           1,659,523           1,674,044           1,688,732           2,648,587           2,348,614           2,127,563           2,057,483           2,080,369           2,103,938           2,128,217           2,153,238
Registration Fee Per Domain Name Year (Cash) $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)                    -                      -                      -         10,867,500         7,245,000         4,528,125         3,622,500         3,785,513         3,955,867         4,133,876         4,319,904         4,514,299         4,582,016         4,650,747         4,720,504         4,791,312         4,863,182         4,936,127         5,010,171         5,085,326         5,161,604         5,239,029         5,317,613         5,397,380         5,424,368         5,451,488         5,478,741         5,506,140         5,533,671         5,561,334         5,589,143         5,617,085         5,645,171         5,673,403         5,701,767         5,730,276         5,758,930         5,787,729           5,816,672           5,845,761           5,874,995           5,904,373           5,933,897           5,963,565           5,993,378           6,023,348           6,053,463           6,083,735           6,114,152           6,144,726           6,175,445           6,206,321           6,237,353           6,268,543
Total Registration Revenue Renewals Term 1( Cash)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -           7,762,500         5,175,000         3,234,375         2,587,500         2,703,938         2,825,619         2,952,769         3,085,646         3,224,499         3,272,868           3,321,962           3,371,789           3,422,366           3,473,702           3,525,805           3,578,694           3,632,376           3,686,860           9,175,913           7,420,795           6,119,334           5,685,798           5,786,676           5,891,320           5,999,895           6,112,574
Total Registration Revenue Sunrise Period Subscriptions (Cash)       11,500,000         8,625,000                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Total Registration Revenue (Cash)       11,500,000         8,625,000                    -         10,867,500         7,245,000         4,528,125         3,622,500         3,785,513         3,955,867         4,133,876         4,319,904         4,514,299         4,582,016         4,650,747         4,720,504         4,791,312         4,863,182         4,936,127         5,010,171         5,085,326         5,161,604         5,239,029         5,317,613         5,397,380         5,424,368         5,451,488         5,478,741         5,506,140       13,296,171       10,736,334         8,823,518         8,204,585         8,349,109         8,499,022         8,654,535         8,815,921         8,983,429         9,060,597           9,138,634           9,217,550           9,297,360           9,378,075           9,459,702           9,542,258           9,625,754           9,710,208         15,229,376         13,504,530         12,233,486         11,830,524         11,962,121         12,097,641         12,237,248         12,381,117
Total Registration Revenue - Term 1 (Accrual)                    -                      -                      -              431,250            718,750            898,438         1,042,188         1,192,406         1,349,385         1,513,428         1,684,853         1,863,991         2,045,817         2,230,371         2,417,692         2,607,824         2,800,807         2,996,685         3,195,502         3,397,300         3,602,126         3,810,024         4,021,040         4,235,222         4,450,475         4,666,804         4,884,214         5,102,711         5,322,302         5,111,739         5,046,031         5,089,244         5,169,508         5,244,425         5,313,706         5,377,055         5,434,160         5,484,693           5,533,687           5,581,108           5,626,921           5,671,090           5,713,579           5,754,350           5,793,367           5,830,590           5,865,981           5,899,501           5,931,110           5,960,766           5,990,571           6,020,525           6,050,628           6,080,882
Total Registration Revenue Renewals - Term 1 (Accrual)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -              431,250            718,750            898,438         1,042,188         1,192,406         1,349,385         1,513,428         1,684,853         1,863,991         2,045,817           2,230,371           2,417,692           2,607,824           2,800,807           2,996,685           3,195,502           3,397,300           3,602,126           3,680,649           3,805,415           3,965,691           4,137,818           4,309,082           4,479,398           4,648,683           4,816,846
Total Registration Revenue - Sunrise Period Subscriptions (Accrual)            191,667            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417            335,417              335,417              335,417              335,417              335,417              335,417              335,417              335,417              335,417              335,417              335,417              335,417              335,417              335,417              335,417              335,417              335,417
Total Registration Revenue (Accrual)            191,667            335,417            335,417            766,667         1,054,167         1,233,854         1,377,604         1,527,823         1,684,802         1,848,844         2,020,269         2,199,408         2,381,234         2,565,788         2,753,109         2,943,241         3,136,224         3,332,102         3,530,918         3,732,717         3,937,543         4,145,440         4,356,457         4,570,639         4,785,891         5,002,220         5,219,631         5,438,128         6,088,968         6,165,906         6,279,885         6,466,848         6,697,331         6,929,226         7,162,551         7,397,325         7,633,568         7,865,927           8,099,474           8,334,217           8,570,162           8,807,314           9,045,681           9,285,269           9,526,083           9,768,132           9,882,046         10,040,333         10,232,217         10,434,001         10,635,069         10,835,340         11,034,728         11,233,145
       121,952,044
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               8,000               6,000                    -                18,000              12,000               7,500               6,000               6,270               6,552               6,847               7,155               7,477               7,589               7,703               7,819               7,936               8,055               8,176               8,298               8,423               8,549               8,677               8,808               8,940               8,984               9,029               9,075               9,120               9,166               9,211               9,257               9,304               9,350               9,397               9,444               9,491               9,539               9,586                 9,634                 9,682                 9,731                 9,780                 9,828                 9,878                 9,927                 9,977                10,026                10,077                10,127                10,178                10,228                10,280                10,331                10,383
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)               4,000               3,000                    -                 9,000               6,000               3,750               3,000               3,135               3,276               3,424               3,578               3,739               3,795               3,852               3,909               3,968               4,027               4,088               4,149               4,211               4,275               4,339               4,404               4,470               4,492               4,515               4,537               4,560               4,583               4,606               4,629               4,652               4,675               4,698               4,722               4,746               4,769               4,793                 4,817                 4,841                 4,865                 4,890                 4,914                 4,939                 4,963                 4,988                 5,013                 5,038                 5,063                 5,089                 5,114                 5,140                 5,166                 5,191
Total Transfer Revenue (Cash)              23,000              17,250                    -                51,750              34,500              21,563              17,250              18,026              18,837              19,685              20,571              21,497              21,819              22,146              22,479              22,816              23,158              23,505              23,858              24,216              24,579              24,948              25,322              25,702              25,830              25,959              26,089              26,220              26,351              26,483              26,615              26,748              26,882              27,016              27,151              27,287              27,423              27,561                27,698                27,837                27,976                28,116                28,257                28,398                28,540                28,683                28,826                28,970                29,115                29,261                29,407                29,554                29,702                29,850
Total Transfer Revenue (Accrual)               3,833               6,708               6,708              15,333              21,083              24,677              23,719              23,848              26,988              21,644              19,322              19,311              20,073              20,759              21,366              21,888              22,319              22,654              22,994              23,339              23,689              24,044              24,405              24,771              25,099              25,390              25,642              25,854              26,025              26,155              26,286              26,418              26,550              26,682              26,816              26,950              27,085              27,220                27,356                27,493                27,630                27,769                27,907                28,047                28,187                28,328                28,470                28,612                28,755                28,899                29,044                29,189                29,335                29,481
             344,255
Fee to ICANN Per Sales Unit (Paid Annually) $0.20              80,000              60,000                    -              180,000            120,000              75,000              60,000              62,700              65,522              68,470              71,551              74,771            235,893            197,031              78,186            259,359            200,550            156,758            142,984            146,929            151,014            155,245            159,628            164,169            253,737            233,325            168,932            188,558            310,205            265,371            234,058            225,536            229,436            233,456            237,600            241,872            325,160            306,985              248,828              250,690              315,570              296,469              282,637              279,324              282,226              285,190              376,418              350,113              411,138              385,522              328,591              331,733              334,949              338,244
          3,986,085
Registry Operator
Registry Fees
Total Sales Units - Term 1 (From Above)                    -                      -                      -           1,890,000         1,260,000            787,500            630,000            658,350            687,977            718,935            751,288            785,096            796,872            808,826            820,957            833,272            845,771            858,457            871,334            884,405            897,670            911,135            924,802            938,675            943,368            948,085            952,825            957,590            962,378            967,189            972,025            976,884            981,769            986,679            991,612            996,570         1,001,553         1,006,562           1,011,595           1,016,654           1,021,738           1,026,848           1,031,982           1,037,142           1,042,327           1,047,539           1,052,776           1,058,041           1,063,331           1,068,648           1,073,990           1,079,360           1,084,757           1,090,181
Total Sales Units - Term 1 Renewals (From Above)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -           1,350,000            900,000            562,500            450,000            470,250            491,412            513,525            536,634            560,783            569,195              577,733              586,398              595,194              604,122              613,184              622,382              631,718              641,193           1,595,811           1,290,573           1,064,232              988,835           1,006,379           1,024,577           1,043,460           1,063,056
Total Sales Units - Sunrise Period Subscriptions (From Above)         2,000,000         1,500,000                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Total Sales Units - Incremental Yield from Transfers (From Above)               4,000               3,000                    -                 9,000               6,000               3,750               3,000               3,135               3,276               3,424               3,578               3,739               3,795               3,852               3,909               3,968               4,027               4,088               4,149               4,211               4,275               4,339               4,404               4,470               4,492               4,515               4,537               4,560               4,583               4,606               4,629               4,652               4,675               4,698               4,722               4,746               4,769               4,793                 4,817                 4,841                 4,865                 4,890                 4,914                 4,939                 4,963                 4,988                 5,013                 5,038                 5,063                 5,089                 5,114                 5,140                 5,166                 5,191
Total Sales Units         2,004,000         1,503,000                    -           1,899,000         1,266,000            791,250            633,000            661,485            691,253            722,359            754,865            788,834            800,667            812,677            824,867            837,240            849,798            862,545            875,483            888,616            901,945            915,474            929,206            943,145            947,861            952,600            957,362            962,149         2,316,960         1,871,794         1,539,154         1,431,536         1,456,694         1,482,789         1,509,859         1,537,949         1,567,105         1,580,549           1,594,145           1,607,893           1,621,798           1,635,859           1,650,080           1,664,462           1,679,008           1,693,720           2,653,600           2,353,652           2,132,626           2,062,571           2,085,483           2,109,077           2,133,383           2,158,429
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)                    -                      -                      -           2,655,000         1,770,000         1,106,250            885,000            924,825            966,444         1,009,933         1,055,380         1,102,872         2,299,416         2,021,207         1,153,249         3,825,548         2,958,107         2,312,178                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Core Registry Fee - Term 1 Renewals (Cash)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Core Registry Fee - Sunrise Period Subscriptions (Cash)         1,180,000            885,000                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -           1,180,000            885,000                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Core Registry Fee - Transfers (Cash)              11,800               8,850                    -                26,550              17,700              11,063               8,850               9,248               9,664              10,099              10,554              11,029              11,194              11,362              11,532              11,705              11,881              12,059                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Total Core Registry Fee (Cash)         1,191,800            893,850                    -           2,681,550         1,787,700         1,117,313            893,850            934,073            976,108         1,020,032         1,065,934         1,113,901         3,490,610         2,917,569         1,164,782         3,837,254         2,969,988         2,324,237                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Core Registry Fee - Term 1 (Accrual)                    -                      -                      -              221,250            368,750            460,938            534,688            611,756            692,293            776,454            864,403            956,309         1,147,927         1,316,361         1,412,465         1,510,010         1,609,019         1,709,513         1,635,763         1,558,694         1,478,157         1,393,996         1,306,048         1,214,142         1,022,524            854,090            757,986            439,190            192,681                    -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Core Registry Fee - Term 1 Renewals (Accrual)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Core Registry Fee - Sunrise Period (Accrual)              98,333            172,083            172,083            172,083            172,083            172,083            172,083            172,083            172,083            172,083            172,083            172,083            172,083            172,083            172,083            172,083            172,083            172,083            172,083            172,083            172,083            172,083            172,083            172,083              73,750                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Core Registry Fee - Transfers               1,967               3,442               3,442               7,867              10,817              12,660              12,169              12,235              13,846              11,104               9,913               9,907              10,298              10,650              10,962              11,229              11,451              11,622               9,757               7,863               5,941               3,990               2,010                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Core Registry Fee (Accrual)                        100,300            175,525            175,525            401,200            551,650            645,681            718,940            796,075            878,222            959,642         1,046,399         1,138,299         1,330,308         1,499,094         1,595,510         1,693,323         1,792,553         1,893,219         1,817,603         1,738,641         1,656,182         1,570,070         1,480,141         1,386,225         1,096,274            854,090            757,986            439,190            192,681                    -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Total Registry Operations            100,300            175,525            175,525            401,200            551,650            645,681            718,940            796,075            878,222            959,642         1,046,399         1,138,299         1,330,308         1,499,094         1,595,510         1,693,323         1,792,553         1,893,219         1,817,603         1,738,641         1,656,182         1,570,070         1,480,141         1,386,225         1,096,274            854,090            757,986            439,190            192,681                    -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
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            298,203            231,410            231,410            231,410            231,410            231,410            231,410            231,410            231,410            231,410            231,410            231,410            309,223            312,921            312,921            312,921            312,921            312,921            312,921            312,921            312,921              312,921              312,921              312,921              390,733              402,003              402,003              402,003              402,003              402,003              402,003              402,003              402,003              402,003              402,003              402,003              479,816
Equipment Operating Leases                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -              27,831              27,831            142,717            380,336            380,336            380,336            380,336            380,336            380,336            380,336            380,336            380,336            380,336            380,336            380,336            380,336            380,336            439,115            439,115            439,115            439,115            439,115            439,115            439,115            439,115              439,115              439,115              439,115              439,115              490,935              490,935              490,935              490,935              490,935              490,935              490,935              490,935              490,935              490,935              490,935              490,935
Remote Centers                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -              28,800              28,800              28,800              28,800              28,800              28,800              28,800              28,800              28,800              28,800              28,800              28,800              28,800              28,800              28,800              28,800              28,800              28,800              28,800              28,800              28,800              28,800              28,800                28,800                28,800                28,800                28,800                28,800                28,800                28,800                28,800                28,800                28,800                28,800                28,800                28,800                28,800                28,800                28,800
Network Operations Center                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -              24,000              24,000              24,000              24,000              24,000              24,000              24,000              24,000              24,000              24,000              24,000              24,000                24,000                24,000                24,000                24,000                24,000                26,400                26,400                26,400                26,400                26,400                26,400                26,400                26,400                26,400                26,400                26,400
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              73,222              73,222            216,908            629,527            707,339            640,546            640,546            640,546            640,546            640,546            640,546            640,546            640,546            664,546            664,546            664,546            742,359            804,835            804,835            804,835            804,835            804,835            804,835            804,835            804,835              804,835              804,835              804,835              882,648              945,739              948,139              948,139              948,139              948,139              948,139              948,139              948,139              948,139              948,139              948,139           1,025,951
Customer Service
Labor                      -                      -               3,646              26,042              42,396              42,396              42,396              42,396              48,542              48,542              48,542            114,917              57,422              57,422              57,422              57,422              57,422              57,422              57,422              57,422              57,422              57,422              57,422            123,797              60,293              60,293              60,293              60,293              60,293              60,293              60,293              60,293              60,293              60,293              60,293            126,668              63,308              63,308              63,308              63,308              63,308              63,308              63,308              63,308                63,308                63,308                63,308              129,683                66,473                66,473                66,473                66,473                66,473                66,473                66,473                66,473                66,473                66,473                66,473              132,848
Other Customer Service                                                                                                                        
Total Customer Service                      -                      -               3,646              26,042              42,396              42,396              42,396              42,396              48,542              48,542              48,542            114,917              57,422              57,422              57,422              57,422              57,422              57,422              57,422              57,422              57,422              57,422              57,422            123,797              60,293              60,293              60,293              60,293              60,293              60,293              60,293              60,293              60,293              60,293              60,293            126,668              63,308              63,308              63,308              63,308              63,308              63,308              63,308              63,308                63,308                63,308                63,308              129,683                66,473                66,473                66,473                66,473                66,473                66,473                66,473                66,473                66,473                66,473                66,473              132,848
Marketing & Sales
Labor                    -                19,271              32,813              32,813              32,813              32,813              32,813              32,813              40,625              40,625              40,625              98,750              50,859              50,859              50,859              50,859              50,859              50,859              50,859              50,859              50,859              50,859              50,859            108,984              53,402              53,402              53,402              53,402              53,402              53,402              53,402              53,402              53,402              53,402              53,402            111,527              56,072              56,072              56,072              56,072              56,072              56,072              56,072              56,072                56,072                56,072                56,072              114,197                58,876                58,876                58,876                58,876                58,876                58,876                58,876                58,876                58,876                58,876                58,876              117,001
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            332,813            432,813            632,813            732,813         1,482,813         1,482,813         2,490,625         4,990,625         4,890,625         4,848,750         1,692,167         1,692,167         1,692,167         1,692,167         1,692,167         1,692,167         1,692,167         1,692,167         1,692,167         1,692,167         1,692,167         1,750,292         1,462,550         1,462,550         1,462,550         1,462,550         1,462,550         1,462,550         1,462,550         1,462,550         1,462,550         1,462,550         1,462,550         1,520,675         1,309,701         1,309,701         1,309,701         1,309,701         1,309,701         1,309,701         1,309,701         1,309,701           1,309,701           1,309,701           1,309,701           1,367,826           1,244,515           1,244,515           1,244,515           1,244,515           1,244,515           1,244,515           1,244,515           1,244,515           1,244,515           1,244,515           1,244,515           1,302,640
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                  525               3,675               6,825              11,025              15,225              15,225              15,225              15,225              16,800              16,800              16,800              16,800              18,375              18,375              18,900              20,475              20,475              23,100              23,100              23,100              23,100              23,100              38,850              38,850              38,850              38,850              38,850              38,850              38,850              38,850              38,850              38,850              38,850              38,850              38,850              38,850              44,100              44,100              44,100              44,100              44,100              44,100              44,100              44,100                44,100                44,100                44,100                44,100                49,350                49,350                49,350                49,350                49,350                49,350                49,350                49,350                49,350                49,350                49,350                49,350
Telecommunications              20,048              20,336              20,624              21,008              21,392              21,392              21,392              21,392              21,536              21,536              21,536              21,536              21,680              21,680              21,728              21,872              21,872              22,112              22,112              22,112              22,112              22,112              23,552              23,552              23,552              23,552              23,552              23,552              23,552              23,552              23,552              23,552              23,552              23,552              23,552              23,552              24,032              24,032              24,032              24,032              24,032              24,032              24,032              24,032                24,032                24,032                24,032                24,032                24,512                24,512                24,512                24,512                24,512                24,512                24,512                24,512                24,512                24,512                24,512                24,512
Materials & Supplies                    200               1,400               2,600               4,200               5,800               5,800               5,800               5,800               6,400               6,400               6,400               6,400               7,280               7,280               7,488               8,112               8,112               9,152               9,152               9,152               9,152               9,152              15,392              15,392              16,008              16,008              16,008              16,008              16,008              16,008              16,008              16,008              16,008              16,008              16,008              16,008              18,898              18,898              18,898              18,898              18,898              18,898              18,898              18,898                18,898                18,898                18,898                18,898                21,993                21,993                21,993                21,993                21,993                21,993                21,993                21,993                21,993                21,993                21,993                21,993
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                      -                      -                      -                      -                      -                      -                48,000              36,000                    -              108,000              72,000              45,000              37,440              39,125              40,885              42,725              44,648              46,657              47,357              48,067              48,788              49,520              50,263              51,017              53,853              54,661              55,481              56,313              57,158              58,015              58,306              58,597              58,890              59,185              59,480              59,778              62,480              62,792              63,106              63,422              63,739              64,057              64,378              64,700                65,023                65,348                65,675                66,004                68,987                69,332                69,679                70,027                70,377                70,729                71,083                71,438                71,795                72,154                72,515                72,878
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              11,200              12,000              12,800              12,800              12,800              12,800              13,100              13,100              13,100              13,100              13,796              13,796              13,896              14,196              14,196              14,696              14,696              14,696              14,696              14,696              17,696              17,696              18,108              18,108              18,108              18,108              18,108              18,108              18,108              18,108              18,108              18,108              18,108              18,108              19,536              19,536              19,536              19,536              19,536              19,536              19,536              19,536                19,536                19,536                19,536                19,536                19,300                19,300                19,300                19,300                19,300                19,300                19,300                19,300                19,300                19,300                19,300                19,300
                                                                                                                         
Total G&A            224,373            254,524            270,495            320,583            342,150            243,350            291,350            279,350            245,969            353,969            317,969            411,282            295,880            297,565            306,222            319,455            321,378            327,792            328,492            329,202            329,923            330,655            357,828            478,894            372,809            373,617            374,437            375,269            376,114            376,971            377,261            377,553            377,846            378,140            378,436            499,046            402,356            402,668            402,982            403,298            403,615            403,933            404,254            404,576              404,899              405,224              405,551              526,192              428,858              429,203              429,550              429,898              430,248              430,600              430,954              431,309              431,666              432,025              432,386              553,061
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                      -                      -                      -                      -                      -                      -                 1,955               3,421               3,421               7,820              10,753              12,585              39,955              14,013              15,517              17,118              18,705              20,396              22,187              24,013              25,865              27,745              29,651              31,585              33,548            280,343              35,539              37,561              39,612              41,695              43,809              45,954              48,110              50,276              52,453              54,640              61,150              61,921            572,719              63,062              64,933              67,239              69,559              71,894                74,243                76,607                78,931                81,268                83,617                85,978                88,351              905,681                90,736                93,133                95,543                97,965                99,105              100,689              102,610              104,629
Total R&D                    -                      -                      -                      -                      -                      -                 1,955               3,421               3,421               7,820              10,753              12,585              39,955              14,013              15,517              28,055              29,642              70,708              72,500              74,326              76,178              78,057              79,964              81,898              86,376            333,172              88,367              90,389              92,440              94,523              96,637              98,782            100,938            103,104            105,281            107,468            116,619            117,390            628,188            118,531            120,402            122,708            125,029            127,363              129,712              132,076              134,401              136,738              141,860              144,221              146,594              963,924              148,979              151,376              153,786              156,208              157,348              158,932              160,853              162,872
                                                                                                                       
Total Operating Expenses            542,602            611,294            650,182            822,666         1,060,588         1,061,788         1,962,043         2,026,734         3,007,311         5,845,385         5,862,768         6,154,257         2,849,755         2,902,633         2,994,941         3,102,132         3,192,399         3,331,779         3,526,279         3,725,433         3,824,422         4,068,532         4,609,461         5,035,439         4,440,177         4,608,818         4,282,375         4,199,117         4,112,085         4,021,109         3,733,561         3,493,814         3,424,159         3,107,824         2,863,788         2,996,216         2,696,819         2,697,902         3,209,014         2,699,673         2,701,861         2,704,486         2,707,127         2,709,783           2,712,456           2,715,145           2,717,796           3,043,087           2,827,445           2,832,551           2,835,270           3,652,949           2,838,354           2,841,103           2,843,866           2,846,644           2,848,141           2,850,085           2,852,366           3,177,373
Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA)           (542,602)           (611,294)           (650,182)           (822,666)        (1,060,588)        (1,061,788)        (1,766,543)        (1,684,609)        (2,665,186)        (5,063,385)        (4,787,518)        (4,895,725)        (1,448,432)        (1,350,962)        (1,283,152)        (1,231,644)        (1,152,808)        (1,113,060)        (1,124,973)        (1,138,886)        (1,049,946)        (1,103,404)        (1,450,918)        (1,680,683)           (886,265)           (852,763)           (321,144)             (29,632)            268,777            574,301         1,077,429         1,533,796         1,821,113         2,356,158         3,251,206         3,195,846         3,609,352         3,795,363         3,514,866         4,256,236         4,487,505         4,719,789         4,953,526         5,183,364           5,414,375           5,646,566           5,879,996           5,791,996           6,246,143           6,480,765           6,719,000           6,143,512           7,072,162           7,227,842           7,417,106           7,616,257           7,815,971           8,014,444           8,211,697           8,085,254
Depreciation & Amortization                    -                 5,139              14,417              16,569              17,347              18,125              18,125              18,125              18,125              18,417              18,417              18,417              18,417              18,708              18,708              18,806              19,278              19,278              20,667              20,667              20,667              20,667              20,667              29,000              29,000              29,000              29,000              29,000              29,000              29,000              29,000              29,000              29,000              29,000              29,000              29,000              29,000              26,639              17,361              15,208              14,431              13,653              13,653              13,653                13,653                13,361                13,361                13,361                13,361                15,847                15,847                15,750                15,278                15,278                13,889                13,889                13,889                13,889                13,889                 5,556
Earnings Before Interest, Taxes           (542,602)           (616,433)           (664,599)           (839,236)        (1,077,935)        (1,079,913)        (1,784,668)        (1,702,734)        (2,683,311)        (5,081,802)        (4,805,934)        (4,914,142)        (1,466,849)        (1,369,670)        (1,301,860)        (1,250,449)        (1,172,085)        (1,132,338)        (1,145,639)        (1,159,553)        (1,070,613)        (1,124,070)        (1,471,584)        (1,709,683)           (915,265)           (881,763)           (350,144)             (58,632)            239,777            545,301         1,048,429         1,504,796         1,792,113         2,327,158         3,222,206         3,166,846         3,580,352         3,768,724         3,497,505         4,241,027         4,473,075         4,706,136         4,939,873         5,169,711           5,400,722           5,633,204           5,866,635           5,778,635           6,232,782           6,464,918           6,703,153           6,127,762           7,056,884           7,212,564           7,403,217           7,602,368           7,802,082           8,000,555           8,197,808           8,079,698
Interest 1.75%                    -                 6,313               4,952               3,900               2,755               1,325                    -                13,579              21,935              17,816              25,724              25,201              21,666              20,006              21,101              22,387              23,818              25,465              27,200              27,317              26,174              26,827              26,699              24,358              23,224              24,750              28,160              31,674              35,473              39,213              42,818              46,053              48,956              51,628              53,905              66,820              75,674              81,408              86,402              91,448              96,112            101,183            106,296            111,459              116,543              121,549              126,476              131,325              135,995              140,364              144,915              149,390              153,849              165,606              175,307              182,992              189,920              196,873              203,857              210,879
                                                                                                                       
Pretax Consortium Profit (Before Rebates)           (542,602)           (622,746)           (669,551)           (843,136)        (1,080,690)        (1,081,238)        (1,784,668)        (1,716,313)        (2,705,246)        (5,099,617)        (4,831,658)        (4,939,343)        (1,488,515)        (1,389,676)        (1,322,961)        (1,272,836)        (1,195,903)        (1,157,803)        (1,172,840)        (1,186,869)        (1,096,787)        (1,150,897)        (1,498,284)        (1,734,041)           (938,490)           (906,512)           (378,304)             (90,306)            204,304            506,088         1,005,612         1,458,743         1,743,158         2,275,530         3,168,301         3,100,025         3,504,677         3,687,316         3,411,103         4,149,579         4,376,963         4,604,953         4,833,577         5,058,252           5,284,179           5,511,656           5,740,159           5,647,310           6,096,787           6,324,553           6,558,238           5,978,371           6,903,036           7,046,958           7,227,910           7,419,376           7,612,162           7,803,682           7,993,951           7,868,819
Rebate Pool (% of Before Tax Profits) 25%                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                51,076            126,522            251,403            364,686            435,789            568,883            792,075            775,006            876,169            921,829            852,776         1,037,395         1,094,241         1,151,238         1,208,394         1,264,563           1,321,045           1,377,914           1,435,040           1,411,827           1,524,197           1,581,138           1,639,559           1,494,593           1,725,759           1,761,740           1,806,977           1,854,844           1,903,041           1,950,921           1,998,488           1,967,205
Pretax Consortium Profit           (542,602)           (622,746)           (669,551)           (843,136)        (1,080,690)        (1,081,238)        (1,784,668)        (1,716,313)        (2,705,246)        (5,099,617)        (4,831,658)        (4,939,343)        (1,488,515)        (1,389,676)        (1,322,961)        (1,272,836)        (1,195,903)        (1,157,803)        (1,172,840)        (1,186,869)        (1,096,787)        (1,150,897)        (1,498,284)        (1,734,041)           (938,490)           (906,512)           (378,304)             (90,306)            153,228            379,566            754,209         1,094,057         1,307,368         1,706,648         2,376,226         2,325,019         2,628,508         2,765,487         2,558,327         3,112,184         3,282,722         3,453,715         3,625,183         3,793,689           3,963,134           4,133,742           4,305,119           4,235,482           4,572,590           4,743,415           4,918,678           4,483,779           5,177,277           5,285,219           5,420,932           5,564,532           5,709,122           5,852,762           5,995,463           5,901,614
Estimated Stockholder Taxes 40%                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                61,291            151,826            301,684            437,623            522,947            682,659            950,490            930,008         1,051,403         1,106,195         1,023,331         1,244,874         1,313,089         1,381,486         1,450,073         1,517,476           1,585,254           1,653,497           1,722,048           1,694,193           1,829,036           1,897,366           1,967,471           1,793,511           2,070,911           2,114,087           2,168,373           2,225,813           2,283,649           2,341,105           2,398,185           2,360,646
Estimated Consortium Net Income           (542,602)           (622,746)           (669,551)           (843,136)        (1,080,690)        (1,081,238)        (1,784,668)        (1,716,313)        (2,705,246)        (5,099,617)        (4,831,658)        (4,939,343)        (1,488,515)        (1,389,676)        (1,322,961)        (1,272,836)        (1,195,903)        (1,157,803)        (1,172,840)        (1,186,869)        (1,096,787)        (1,150,897)        (1,498,284)        (1,734,041)           (938,490)           (906,512)           (378,304)             (90,306)              91,937            227,740            452,525            656,434            784,421         1,023,989         1,425,735         1,395,011         1,577,105         1,659,292         1,534,996         1,867,311         1,969,633         2,072,229         2,175,110         2,276,213           2,377,881           2,480,245           2,583,072           2,541,289           2,743,554           2,846,049           2,951,207           2,690,267           3,106,366           3,171,131           3,252,559           3,338,719           3,425,473           3,511,657           3,597,278           3,540,968
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)                    -                      -                      -                      -                      -                      -         11,500,000         8,625,000                    -         10,867,500         7,245,000         4,528,125         3,622,500         3,785,513         3,955,867         4,133,876         4,319,904         4,514,299         4,582,016         4,650,747         4,720,504         4,791,312         4,863,182         4,936,127         5,010,171         5,085,326         5,161,604         5,239,029         5,317,613         5,397,380         5,424,368         5,451,488         5,478,741         5,506,140       13,296,171       10,736,334         8,823,518         8,204,585         8,349,109         8,499,022         8,654,535         8,815,921         8,983,429         9,060,597           9,138,634           9,217,550           9,297,360           9,378,075           9,459,702           9,542,258           9,625,754           9,710,208         15,229,376         13,504,530         12,233,486         11,830,524         11,962,121         12,097,641         12,237,248         12,381,117
Cash Outlays
Capital Expenditures           (185,000)           (334,000)             (77,500)             (28,000)             (28,000)                    -                      -                      -               (10,500)                    -                      -                      -               (10,500)                    -                (3,500)             (17,000)                    -               (50,000)                    -                      -                      -                      -             (300,000)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -             (100,000)                    -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -               (100,000)                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Core Registry Fee (Cash)                    -                      -                      -                      -                      -                      -          (1,191,800)           (893,850)                    -          (2,681,550)        (1,787,700)        (1,117,313)           (893,850)           (934,073)           (976,108)        (1,020,032)        (1,065,934)        (1,113,901)        (3,490,610)        (2,917,569)        (1,164,782)        (3,837,254)        (2,969,988)        (2,324,237)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
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)             (73,222)             (73,222)           (216,908)           (629,527)           (707,339)           (640,546)           (640,546)           (640,546)           (640,546)           (640,546)           (640,546)           (640,546)           (640,546)           (664,546)           (664,546)           (664,546)           (742,359)           (804,835)           (804,835)           (804,835)           (804,835)           (804,835)           (804,835)           (804,835)           (804,835)             (804,835)             (804,835)             (804,835)             (882,648)             (945,739)             (948,139)             (948,139)             (948,139)             (948,139)             (948,139)             (948,139)             (948,139)             (948,139)             (948,139)             (948,139)          (1,025,951)
Customer Service                    -                      -                (3,646)             (26,042)             (42,396)             (42,396)             (42,396)             (42,396)             (48,542)             (48,542)             (48,542)           (114,917)             (57,422)             (57,422)             (57,422)             (57,422)             (57,422)             (57,422)             (57,422)             (57,422)             (57,422)             (57,422)             (57,422)           (123,797)             (60,293)             (60,293)             (60,293)             (60,293)             (60,293)             (60,293)             (60,293)             (60,293)             (60,293)             (60,293)             (60,293)           (126,668)             (63,308)             (63,308)             (63,308)             (63,308)             (63,308)             (63,308)             (63,308)             (63,308)               (63,308)               (63,308)               (63,308)             (129,683)               (66,473)               (66,473)               (66,473)               (66,473)               (66,473)               (66,473)               (66,473)               (66,473)               (66,473)               (66,473)               (66,473)             (132,848)
Marketing           (300,000)           (319,271)           (332,813)           (432,813)           (632,813)           (732,813)        (1,482,813)        (1,482,813)        (2,490,625)        (4,990,625)        (4,890,625)        (4,848,750)        (1,692,167)        (1,692,167)        (1,692,167)        (1,692,167)        (1,692,167)        (1,692,167)        (1,692,167)        (1,692,167)        (1,692,167)        (1,692,167)        (1,692,167)        (1,750,292)        (1,462,550)        (1,462,550)        (1,462,550)        (1,462,550)        (1,462,550)        (1,462,550)        (1,462,550)        (1,462,550)        (1,462,550)        (1,462,550)        (1,462,550)        (1,520,675)        (1,309,701)        (1,309,701)        (1,309,701)        (1,309,701)        (1,309,701)        (1,309,701)        (1,309,701)        (1,309,701)          (1,309,701)          (1,309,701)          (1,309,701)          (1,367,826)          (1,244,515)          (1,244,515)          (1,244,515)          (1,244,515)          (1,244,515)          (1,244,515)          (1,244,515)          (1,244,515)          (1,244,515)          (1,244,515)          (1,244,515)          (1,302,640)
G&A           (224,373)           (254,524)           (270,495)           (320,583)           (342,150)           (243,350)           (291,350)           (279,350)           (245,969)           (353,969)           (317,969)           (411,282)           (295,880)           (297,565)           (306,222)           (319,455)           (321,378)           (327,792)           (328,492)           (329,202)           (329,923)           (330,655)           (357,828)           (478,894)           (372,809)           (373,617)           (374,437)           (375,269)           (376,114)           (376,971)           (377,261)           (377,553)           (377,846)           (378,140)           (378,436)           (499,046)           (402,356)           (402,668)           (402,982)           (403,298)           (403,615)           (403,933)           (404,254)           (404,576)             (404,899)             (405,224)             (405,551)             (526,192)             (428,858)             (429,203)             (429,550)             (429,898)             (430,248)             (430,600)             (430,954)             (431,309)             (431,666)             (432,025)             (432,386)             (553,061)
R&D                    -                      -                      -                      -                      -                      -                (1,955)              (3,421)              (3,421)              (7,820)             (10,753)             (12,585)             (39,955)             (14,013)             (15,517)             (28,055)             (29,642)             (70,708)             (72,500)             (74,326)             (76,178)             (78,057)             (79,964)             (81,898)             (86,376)           (333,172)             (88,367)             (90,389)             (92,440)             (94,523)             (96,637)             (98,782)           (100,938)           (103,104)           (105,281)           (107,468)           (116,619)           (117,390)           (628,188)           (118,531)           (120,402)           (122,708)           (125,029)           (127,363)             (129,712)             (132,076)             (134,401)             (136,738)             (141,860)             (144,221)             (146,594)             (963,924)             (148,979)             (151,376)             (153,786)             (156,208)             (157,348)             (158,932)             (160,853)             (162,872)
Total           (727,602)           (945,294)           (727,682)           (850,666)        (1,088,588)        (1,061,788)        (3,053,543)        (2,745,059)        (2,842,286)        (8,125,735)        (7,098,818)        (6,625,888)        (3,035,165)        (3,040,631)        (3,096,327)        (3,179,522)        (3,211,934)        (3,357,381)        (5,686,581)        (5,143,908)        (3,393,694)        (6,212,463)        (6,086,895)        (5,466,457)        (2,622,574)        (2,870,178)        (2,626,193)        (2,629,047)        (2,631,943)        (2,634,883)        (2,637,287)        (2,639,724)        (2,666,173)        (2,668,634)        (2,671,106)        (2,996,216)        (2,796,819)        (2,697,902)        (3,209,014)        (2,699,673)        (2,701,861)        (2,704,486)        (2,707,127)        (2,709,783)          (2,712,456)          (2,715,145)          (2,717,796)          (3,043,087)          (2,927,445)          (2,832,551)          (2,835,270)          (3,652,949)          (2,838,354)          (2,841,103)          (2,843,866)          (2,846,644)          (2,848,141)          (2,850,085)          (2,852,366)          (3,177,373)
Interest* 6%                    -                (3,638)              (8,383)             (12,063)             (16,377)             (21,901)             (27,320)              14,776              44,249              30,259              44,119              45,071              34,807              37,918              41,832              46,339              51,342              57,139              63,209              58,002              55,827              62,740              55,948              50,109              47,708              59,884              71,260              84,293              97,764            111,120            124,096            135,886            146,613            156,615            165,328            210,567            241,796            263,500            282,211            299,942            319,027            338,349            357,934            377,813              397,546              417,133              436,574              455,869              474,293              492,560              511,179              529,652              546,146              591,848              628,746              658,961              686,772              714,842              743,194              771,851
Rebates                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -               (51,076)           (126,522)           (251,403)           (364,686)           (435,789)           (568,883)           (792,075)           (775,006)           (876,169)           (921,829)           (852,776)        (1,037,395)        (1,094,241)        (1,151,238)        (1,208,394)        (1,264,563)          (1,321,045)          (1,377,914)          (1,435,040)          (1,411,827)          (1,524,197)          (1,581,138)          (1,639,559)          (1,494,593)          (1,725,759)          (1,761,740)          (1,806,977)          (1,854,844)          (1,903,041)          (1,950,921)          (1,998,488)          (1,967,205)
                                                                                                                       
Net Cash from Operating Before Taxes           (727,602)           (948,932)           (736,065)           (862,729)        (1,104,964)        (1,083,689)         8,419,137         5,894,717        (2,798,037)         2,772,024            190,302        (2,052,692)            622,142            782,799            901,372         1,000,693         1,159,312         1,214,057        (1,041,356)           (435,159)         1,382,637        (1,358,411)        (1,167,765)           (480,221)         2,435,305         2,275,033         2,606,670         2,694,274         2,732,357         2,747,094         2,659,774         2,582,965         2,523,392         2,425,239         9,998,317         7,175,680         5,392,325         4,848,354         4,569,530         5,061,896         5,177,461         5,298,546         5,425,843         5,464,064           5,502,680           5,541,624           5,581,098           5,379,030           5,482,353           5,621,129           5,662,102           5,092,318         11,211,409           9,493,536           8,211,388           7,787,997           7,897,711           8,011,477           8,129,589           8,008,390
Cumulative Cash Balance After Disbursements           (727,602)        (1,676,535)        (2,412,600)        (3,275,329)        (4,380,293)        (5,463,983)         2,955,155         8,849,871         6,051,834         8,823,858         9,014,160         6,961,468         7,583,610         8,366,409         9,267,781       10,268,474       11,427,786       12,641,843       11,600,487       11,165,328       12,547,965       11,189,554       10,021,789         9,541,568       11,976,872       14,251,905       16,858,575       19,552,849       22,223,916       24,819,184       27,177,274       29,322,615       31,323,060       33,065,639       42,113,467       48,359,139       52,700,061       56,442,220       59,988,418       63,805,440       67,669,812       71,586,872       75,562,642       79,509,230         83,426,657         87,314,784         91,173,834         94,858,671         98,511,988        102,235,751        105,930,382        109,229,189        118,369,688        125,749,136        131,792,151        137,354,335        142,968,398        148,638,770        154,370,174        160,017,918
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 $4,328,838 $3,395,882 $2,674,358 $1,889,367 $908,735 ($153,778) $9,311,556 $15,040,926 $12,216,346 $17,639,020 $17,280,520 $14,856,621 $13,718,177 $14,469,062 $15,350,832 $16,332,082 $17,461,511 $18,651,685 $18,731,338 $17,947,754 $18,395,762 $18,308,141 $16,702,627 $15,925,192 $16,971,098 $19,309,515 $21,719,352 $24,324,034 $26,888,634 $29,360,741 $31,578,950 $33,569,530 $35,401,720 $36,963,507 $45,819,688 $51,890,976 $55,822,601 $59,247,141 $62,707,164 $65,905,142 $69,382,620 $72,888,748 $76,429,031 $79,915,236 $83,347,608 $86,726,235 $90,051,537 $93,253,907 $96,249,904 $99,370,494 $102,438,931 $105,496,217 $113,558,250 $120,210,589 $125,480,048 $130,230,929 $134,998,455 $139,787,639 $144,602,833 $149,374,168
Accounts Receivable $0 $0 $0 $0 $0 $0 $0 $0 $0