90% 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
           171,429            128,571
P&L      
Year 1 Year 2 Year 3 Year 4 Year 5
Period 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12
Revenue <---------SUNRISE PERIOD---------->
Monthly Growth Rate   0% -25% QUIET 0% -33% -38% -20.0% 3.0% 3.0% 3.0% 3.0% 3.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 1.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%  
New Domains Registered    200,000            171,429            128,571            600,000            400,000            250,000            200,000            206,000            212,180            218,545            225,101            231,854            234,173            236,515            238,880            241,269            243,682            246,119            248,580            251,066            253,577            256,113            258,674            261,261            261,261            261,261            261,261            261,261            261,261            261,261            261,261            261,261            261,261            261,261            261,261            261,261            261,261            261,261              261,261              261,261              261,261              261,261              261,261              261,261              261,261              261,261              261,261              261,261              261,261              261,261              261,261              261,261              261,261              261,261
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)                    -                      -                      -           1,260,000            840,000            525,000            420,000            432,600            445,578            458,945            472,712            486,893            491,763            496,682            501,648            506,665            511,732            516,850            522,018            527,239            532,512            537,837            543,215            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648
Domain Years - Sunrise Period Subscriptions (Sales Units)            857,145            642,855
New Domains Total Domain Years - (Sales Units)            857,145            642,855                    -           1,260,000            840,000            525,000            420,000            432,600            445,578            458,945            472,712            486,893            491,763            496,682            501,648            506,665            511,732            516,850            522,018            527,239            532,512            537,837            543,215            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648
New Domains Up For  Renewal
Initial Subscription Domains Up For Renewal (Term 1)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -              600,000            400,000            250,000            200,000            206,000            212,180            218,545            225,101            231,854            234,173              236,515              238,880              241,269              243,682              246,119              248,580              251,066              253,577              256,113              258,674              261,261              261,261              261,261              261,261              261,261              261,261
Second Renewal Period  Domains Up For Renewal (Term 1)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                360,000              240,000              150,000              120,000              123,600              127,308              131,127              135,061
Sunrise Subscription Terms Up For Renewal                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Renewal Rate 60%                    -   60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60% 60%
Domains Renewed after Initial Registration (Term 1 Subscriptions)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -              360,000            240,000            150,000            120,000            123,600            127,308            131,127            135,061            139,112            140,504              141,909              143,328              144,761              146,209              147,671              149,148              150,640              152,146              153,668              155,204              156,757              156,757              156,757              156,757              156,757              156,757
Second Renewal Period Domains Renewed                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                216,000              144,000                90,000                72,000                74,160                76,385                78,676                81,036
Domains Renewed (Sunrise Period Subscriptions)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Total Domains Renewed                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -              360,000            240,000            150,000            120,000            123,600            127,308            131,127            135,061            139,112            140,504              141,909              143,328              144,761              146,209              147,671              149,148              150,640              152,146              369,668              299,204              246,757              228,757              230,917              233,141              235,433              237,793
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)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -              900,000            600,000            375,000            300,000            309,000            318,270            327,818            337,652            347,781            351,260              354,773              358,320              361,904              365,523              369,179              372,870              376,599              380,366              924,170              748,011              616,892              571,892              577,292              582,854              588,582              594,482
Renewal Domain Years From Sunrise Period Subscriptions (Sales Units)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Renewal Total Domain Years (Sales Units)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -              900,000            600,000            375,000            300,000            309,000            318,270            327,818            337,652            347,781            351,260              354,773              358,320              361,904              365,523              369,179              372,870              376,599              380,366              924,170              748,011              616,892              571,892              577,292              582,854              588,582              594,482
  Total Domains Under Management                                171,429            300,000            300,000            900,000         1,300,000         1,550,000         1,750,000         1,956,000         2,168,180         2,386,725         2,611,826         2,843,680         3,077,853         3,314,368         3,553,248         3,794,517         4,038,199         4,284,318         4,532,898         4,783,964         5,037,541         5,293,654         5,552,328         5,813,589         6,074,850         6,336,111         6,597,372         6,858,633         6,879,894         6,981,155         7,142,416         7,323,677         7,502,538         7,678,927         7,852,770         8,023,991         8,192,510         8,360,102           8,526,757           8,692,466           8,857,219           9,021,007           9,183,821           9,345,650           9,506,484           9,666,315           9,681,130           9,742,922           9,839,678           9,948,435         10,055,752         10,161,585         10,265,891         10,368,623
Total Domain Years (Sales Units)
Total Domain Years - Term 1 Subscriptions (Sales Units)                    -                      -                      -           1,260,000            840,000            525,000            420,000            432,600            445,578            458,945            472,712            486,893            491,763            496,682            501,648            506,665            511,732            516,850            522,018            527,239            532,512            537,837            543,215            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648
Total Domain Years - Renewal Subscriptions (Sales Units)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -              900,000            600,000            375,000            300,000            309,000            318,270            327,818            337,652            347,781            351,260              354,773              358,320              361,904              365,523              369,179              372,870              376,599              380,366              924,170              748,011              616,892              571,892              577,292              582,854              588,582              594,482
Total Domain Years -From Sunrise Period Subscriptions (Sales Units)            857,145            642,855                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Total Domain Years (Sales Units)            857,145            642,855                    -           1,260,000            840,000            525,000            420,000            432,600            445,578            458,945            472,712            486,893            491,763            496,682            501,648            506,665            511,732            516,850            522,018            527,239            532,512            537,837            543,215            548,648            548,648            548,648            548,648            548,648         1,448,648         1,148,648            923,648            848,648            857,648            866,918            876,466            886,300            896,429            899,908              903,421              906,968              910,552              914,171              917,827              921,518              925,247              929,014           1,472,818           1,296,659           1,165,540           1,120,540           1,125,940           1,131,502           1,137,230           1,143,131
Registration Fee Per Domain Name Year $5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75 $5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                 5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75                   5.75
Total Registration Revenue Term 1 (Cash)                    -                      -                      -           7,245,000         4,830,000         3,018,750         2,415,000         2,487,450         2,562,074         2,638,931         2,718,095         2,799,637         2,827,639         2,855,919         2,884,476         2,913,323         2,942,460         2,971,887         3,001,604         3,031,622         3,061,942         3,092,564         3,123,489         3,154,727         3,154,727         3,154,727         3,154,727         3,154,727         3,154,727         3,154,727         3,154,727         3,154,727         3,154,727         3,154,727         3,154,727         3,154,727         3,154,727         3,154,727           3,154,727           3,154,727           3,154,727           3,154,727           3,154,727           3,154,727           3,154,727           3,154,727           3,154,727           3,154,727           3,154,727           3,154,727           3,154,727           3,154,727           3,154,727           3,154,727
Total Registration Revenue Renewals Term 1 (Cash)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -           5,175,000         3,450,000         2,156,250         1,725,000         1,776,750         1,830,053         1,884,951         1,941,496         1,999,741         2,019,742           2,039,942           2,060,340           2,080,945           2,101,757           2,122,776           2,144,003           2,165,444           2,187,102           5,313,975           4,301,063           3,547,126           3,288,376           3,319,426           3,351,408           3,384,347           3,418,274
Total Registration Revenue Sunrise Period Subscriptions (Cash)         4,928,584         3,696,416                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Total Registration Revenue (Cash)         4,928,584         3,696,416                    -           7,245,000         4,830,000         3,018,750         2,415,000         2,487,450         2,562,074         2,638,931         2,718,095         2,799,637         2,827,639         2,855,919         2,884,476         2,913,323         2,942,460         2,971,887         3,001,604         3,031,622         3,061,942         3,092,564         3,123,489         3,154,727         3,154,727         3,154,727         3,154,727         3,154,727         8,329,727         6,604,727         5,310,977         4,879,727         4,931,477         4,984,779         5,039,677         5,096,223         5,154,467         5,174,469           5,194,668           5,215,067           5,235,672           5,256,484           5,277,503           5,298,729           5,320,171           5,341,828           8,468,701           7,455,790           6,701,853           6,443,103           6,474,153           6,506,134           6,539,073           6,573,000
Total Registration Revenue - Term 1 (Accrual)                    -                      -                      -              287,500            479,167            598,958            694,792            793,500            895,170            999,889         1,107,750         1,218,847         1,331,055         1,444,385         1,558,848         1,674,456         1,791,220         1,909,152         2,028,264         2,148,566         2,270,072         2,392,793         2,516,741         2,641,928         2,767,116         2,892,303         3,017,491         3,142,678         3,267,866         3,105,553         3,039,074         3,044,470         3,073,824         3,100,304         3,123,822         3,144,290         3,161,616         3,175,707           3,188,687           3,200,544           3,211,269           3,220,848           3,229,271           3,236,527           3,242,603           3,247,488           3,251,170           3,253,637           3,254,877           3,254,877           3,254,877           3,254,877           3,254,877           3,254,877
Total Registration Revenue Renewals - Term 1 (Accrual)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -              287,500            479,167            598,958            694,792            793,500            895,170            999,889         1,107,750         1,218,847         1,331,055           1,444,385           1,558,848           1,674,456           1,791,220           1,909,152           2,028,264           2,148,566           2,270,072           2,277,793           2,325,074           2,402,345           2,489,199           2,574,903           2,659,423           2,742,723           2,824,766
Total Registration Revenue - Sunrise Period Subscriptions (Accrual)              82,143            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750            143,750              143,750              143,750              143,750              143,750              143,750              143,750              143,750              143,750              143,750              143,750              143,750              143,750              143,750              143,750              143,750              143,750
Total Registration Revenue (Accrual)              82,143            143,750            143,750            431,250            622,917            742,708            838,542            937,250         1,038,920         1,143,639         1,251,500         1,362,597         1,474,805         1,588,135         1,702,598         1,818,206         1,934,970         2,052,902         2,172,014         2,292,316         2,413,822         2,536,543         2,660,491         2,785,678         2,910,866         3,036,053         3,161,241         3,286,428         3,699,116         3,728,470         3,781,783         3,883,012         4,011,074         4,139,223         4,267,461         4,395,790         4,524,213         4,650,512           4,776,822           4,903,142           5,029,475           5,155,818           5,282,174           5,408,541           5,534,919           5,661,310           5,672,713           5,722,461           5,800,971           5,887,826           5,973,530           6,058,050           6,141,349           6,223,393
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               3,429               2,571                    -                12,000               8,000               5,000               4,000               4,120               4,244               4,371               4,502               4,637               4,683               4,730               4,778               4,825               4,874               4,922               4,972               5,021               5,072               5,122               5,173               5,225               5,225               5,225               5,225               5,225               5,225               5,225               5,225               5,225               5,225               5,225               5,225               5,225               5,225               5,225                 5,225                 5,225                 5,225                 5,225                 5,225                 5,225                 5,225                 5,225                 5,225                 5,225                 5,225                 5,225                 5,225                 5,225                 5,225                 5,225
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)               1,714               1,286                    -                 6,000               4,000               2,500               2,000               2,060               2,122               2,185               2,251               2,319               2,342               2,365               2,389               2,413               2,437               2,461               2,486               2,511               2,536               2,561               2,587               2,613               2,613               2,613               2,613               2,613               2,613               2,613               2,613               2,613               2,613               2,613               2,613               2,613               2,613               2,613                 2,613                 2,613                 2,613                 2,613                 2,613                 2,613                 2,613                 2,613                 2,613                 2,613                 2,613                 2,613                 2,613                 2,613                 2,613                 2,613
Total Transfer Revenue (Cash)               9,857               7,393                    -                34,500              23,000              14,375              11,500              11,845              12,200              12,566              12,943              13,332              13,465              13,600              13,736              13,873              14,012              14,152              14,293              14,436              14,581              14,726              14,874              15,023              15,023              15,023              15,023              15,023              15,023              15,023              15,023              15,023              15,023              15,023              15,023              15,023              15,023              15,023                15,023                15,023                15,023                15,023                15,023                15,023                15,023                15,023                15,023                15,023                15,023                15,023                15,023                15,023                15,023                15,023
Total Transfer Revenue (Accrual)               1,643               2,875               2,875               8,625              12,458              14,854              15,128              15,870              17,903              14,248              12,572              12,398              12,725              13,018              13,274              13,491              13,669              13,806              13,944              14,084              14,224              14,367              14,510              14,656              14,777              14,875              14,948              14,998              15,023              15,023              15,023              15,023              15,023              15,023              15,023              15,023              15,023              15,023                15,023                15,023                15,023                15,023                15,023                15,023                15,023                15,023                15,023                15,023                15,023                15,023                15,023                15,023                15,023                15,023
Fee to ICANN Per Sales Unit (Paid Annually) $0.20              34,286              25,714                    -              120,000              80,000              50,000              40,000              41,200              42,436              43,709              45,020              46,371            115,406              98,731              47,776            168,254            128,736              99,224              89,716              91,413              93,151              94,932              96,755              98,623            136,801            127,841            100,028            112,506            180,989            154,476            135,968            130,585            131,931            133,307            134,714            136,154            171,296            163,050              137,664              137,995              174,330              162,669              154,010              151,355              152,064              152,787              196,724              183,077              207,278              195,246              170,104              170,691              171,292              171,909
Registry Operator
Registry Fees
Total Sales Units - Term 1 (From Above)                    -                      -                      -           1,260,000            840,000            525,000            420,000            432,600            445,578            458,945            472,712            486,893            491,763            496,682            501,648            506,665            511,732            516,850            522,018            527,239            532,512            537,837            543,215            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648            548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648              548,648
Total Sales Units - Term 1 Renewals (From Above)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -              900,000            600,000            375,000            300,000            309,000            318,270            327,818            337,652            347,781            351,260              354,773              358,320              361,904              365,523              369,179              372,870              376,599              380,366              924,170              748,011              616,892              571,892              577,292              582,854              588,582              594,482
Total Sales Units - Sunrise Period Subscriptions (From Above)            857,145            642,855                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Total Sales Units - Incremental Yield from Transfers (From Above)               1,714               1,286                    -                 6,000               4,000               2,500               2,000               2,060               2,122               2,185               2,251               2,319               2,342               2,365               2,389               2,413               2,437               2,461               2,486               2,511               2,536               2,561               2,587               2,613               2,613               2,613               2,613               2,613               2,613               2,613               2,613               2,613               2,613               2,613               2,613               2,613               2,613               2,613                 2,613                 2,613                 2,613                 2,613                 2,613                 2,613                 2,613                 2,613                 2,613                 2,613                 2,613                 2,613                 2,613                 2,613                 2,613                 2,613
Total Sales Units            858,859            644,141                    -           1,266,000            844,000            527,500            422,000            434,660            447,700            461,130            474,963            489,212            494,105            499,047            504,037            509,078            514,169            519,311            524,504            529,749            535,047            540,398            545,802            551,261            551,261            551,261            551,261            551,261         1,451,261         1,151,261            926,261            851,261            860,261            869,531            879,078            888,912            899,042            902,520              906,033              909,581              913,164              916,784              920,439              924,131              927,860              931,626           1,475,430           1,299,272           1,168,152           1,123,152           1,128,552           1,134,114           1,139,843           1,145,743
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                 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                 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)                    -                      -                      -           1,770,000         1,180,000            737,500            590,000            607,700            625,931            644,708            664,048            683,969         1,196,526         1,077,004            704,696         2,481,744         1,898,862         1,463,551         1,323,311         1,348,345         1,373,983         1,400,241         1,427,136         1,454,689         1,512,102         1,506,368         1,475,416         1,659,464         1,607,582         1,570,521         1,563,031         1,572,135         1,581,365         1,590,724         1,600,213         1,609,837         1,610,521         1,611,212           1,611,910           1,612,614           1,613,326           1,614,045           1,614,771           1,615,504           1,616,245           1,616,993           1,617,749           1,618,512           1,618,512           1,618,512           1,618,512           1,618,512           1,618,512           1,618,512
Core Registry Fee - Term 1 Renewals (Cash)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -           1,062,000            708,000            442,500            354,000            364,620            375,559            386,825            398,429            410,382            414,486              418,632              422,818              958,046              785,317              656,881              616,987              626,697              636,611           1,283,932           1,081,867              933,123              882,075              890,520              899,176              908,050              917,148
Core Registry Fee - Sunrise Period Subscriptions (Cash)            505,716            379,284                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -              505,716            379,284                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -              505,716            379,284                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -              505,716            379,284                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                505,716              379,284                      -                        -                        -                        -  
Core Registry Fee - Transfers (Cash)               5,057               3,793                    -                17,700              11,800               7,375               5,900               6,077               6,259               6,447               6,640               6,840               6,908               6,977               7,047               7,117               7,189               7,261               7,333               7,406               7,481               7,555               7,631               7,707               7,707               7,707               7,707               7,707               7,707               7,707               7,707               7,707               7,707               7,707               7,707               7,707               7,707               7,707                 7,707                 7,707                 7,707                 7,707                 7,707                 7,707                 7,707                 7,707                 7,707                 7,707                 7,707                 7,707                 7,707                 7,707                 7,707                 7,707
Total Core Registry Fee (Cash)            510,773            383,077                    -           1,787,700         1,191,800            744,875            595,900            613,777            632,190            651,155            670,688            690,809         1,709,150         1,463,265            711,743         2,488,861         1,906,051         1,470,812         1,330,644         1,355,751         1,381,464         1,407,796         1,434,767         1,462,396         2,025,525         1,893,359         1,483,123         1,667,171         2,677,289         2,286,228         2,013,238         1,933,842         1,953,692         1,973,990         1,994,745         2,015,973         2,534,325         2,412,690           2,038,248           2,043,139           2,579,079           2,407,069           2,279,359           2,240,198           2,250,649           2,261,311           2,909,388           2,708,086           3,065,057           2,887,579           2,516,739           2,525,395           2,534,269           2,543,367
Core Registry Fee - Term 1 (Accrual)                    -                      -                      -              147,500            245,833            307,292            356,458            407,100            459,261            512,987            568,324            625,321            725,032            814,782            873,507            932,819            992,724         1,053,228         1,114,337         1,176,058         1,238,395         1,301,357         1,364,947         1,429,174         1,455,472         1,491,252         1,555,479         1,486,956         1,462,682         1,471,596         1,491,573         1,510,222         1,527,504         1,543,378         1,557,801         1,570,730         1,578,931         1,587,668           1,599,043           1,595,139           1,595,617           1,599,244           1,603,556           1,607,170           1,610,077           1,612,266           1,613,727           1,614,450           1,615,116           1,615,724           1,616,275           1,616,766           1,617,198           1,617,570
Core Registry Fee - Term 1 Renewals (Accrual)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                88,500            147,500            184,375            213,875            244,260            275,557            307,792            340,994            375,193            409,733              444,619              479,854              471,191              477,634              495,499              517,415              539,255              561,009              635,768              692,721              736,283              775,249              814,573              854,269              850,103              861,089
Core Registry Fee - Sunrise Period (Accrual)              42,143              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750              73,750                73,750                73,750                73,750                73,750                73,750                73,750                73,750                73,750                73,750                73,750                73,750                73,750                73,750                73,750                73,750                73,750
Core Registry Fee - Transfers                  843               1,475               1,475               4,425               6,392               7,621               7,761               8,142               9,185               7,310               6,450               6,361               6,529               6,679               6,810               6,922               7,013               7,083               7,154               7,226               7,298               7,371               7,444               7,519               7,581               7,631               7,669               7,694               7,707               7,707               7,707               7,707               7,707               7,707               7,707               7,707               7,707               7,707                 7,707                 7,707                 7,707                 7,707                 7,707                 7,707                 7,707                 7,707                 7,707                 7,707                 7,707                 7,707                 7,707                 7,707                 7,707                 7,707
Core Registry Fee (Accrual)                          42,986              75,225              75,225            225,675            325,975            388,663            437,970            488,992            542,196            594,046            648,524            705,432            805,310            895,211            954,067         1,013,490         1,073,487         1,134,061         1,195,241         1,257,033         1,319,443         1,382,477         1,446,142         1,510,443         1,536,803         1,572,634         1,636,898         1,568,400         1,632,639         1,700,554         1,757,405         1,805,554         1,853,221         1,900,391         1,947,050         1,993,181         2,035,581         2,078,859           2,125,119           2,156,450           2,148,266           2,158,336           2,180,513           2,206,042           2,230,789           2,254,732           2,330,952           2,388,629           2,432,856           2,472,430           2,512,305           2,552,493           2,548,758           2,560,116
Total Registry Operations              42,986              75,225              75,225            225,675            325,975            388,663            437,970            488,992            542,196            594,046            648,524            705,432            805,310            895,211            954,067         1,013,490         1,073,487         1,134,061         1,195,241         1,257,033         1,319,443         1,382,477         1,446,142         1,510,443         1,536,803         1,572,634         1,636,898         1,568,400         1,632,639         1,700,554         1,757,405         1,805,554         1,853,221         1,900,391         1,947,050         1,993,181         2,035,581         2,078,859           2,125,119           2,156,450           2,148,266           2,158,336           2,180,513           2,206,042           2,230,789           2,254,732           2,330,952           2,388,629           2,432,856           2,472,430           2,512,305           2,552,493           2,548,758           2,560,116
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                      -              29,688              43,229              43,229              43,229              43,229              43,229              43,229              43,229              43,229              43,229            131,979              45,391              45,391              45,391              45,391              45,391              45,391              45,391              45,391              45,391              45,391              45,391            134,141              47,660              47,660              47,660              47,660              47,660              47,660              47,660              47,660              47,660              47,660              47,660            136,410              50,043              50,043              50,043              50,043              50,043              50,043              50,043              50,043                50,043                50,043                50,043              138,793                52,545                52,545                52,545                52,545                52,545                52,545                52,545                52,545                52,545                52,545                52,545              141,295
Equipment Operating Leases                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -
Remote Centers                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -
Network Operations Center                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -
Other Systems Development & Support                                                                                                                        
Total Systems Development & Support                      -              29,688              43,229              43,229              43,229              43,229              43,229              43,229              43,229              43,229              43,229            131,979              45,391              45,391              45,391              45,391              45,391              45,391              45,391              45,391              45,391              45,391              45,391            134,141              47,660              47,660              47,660              47,660              47,660              47,660              47,660              47,660              47,660              47,660              47,660            136,410              50,043              50,043              50,043              50,043              50,043              50,043              50,043              50,043                50,043                50,043                50,043              138,793                52,545                52,545                52,545                52,545                52,545                52,545                52,545                52,545                52,545                52,545                52,545              141,295
Customer Service
Labor                      -                      -               3,646              26,042              42,396              42,396              42,396              42,396              48,542              48,542              48,542            114,917              50,969              50,969              50,969              50,969              50,969              50,969              50,969              50,969              50,969              50,969              50,969            117,344              53,517              53,517              53,517              53,517              53,517              53,517              53,517              53,517              53,517              53,517              53,517            119,892              56,193              56,193              56,193              56,193              56,193              56,193              56,193              56,193                56,193                56,193                56,193              122,568                59,003                59,003                59,003                59,003                59,003                59,003                59,003                59,003                59,003                59,003                59,003              125,378
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              50,969              50,969              50,969              50,969              50,969              50,969              50,969              50,969              50,969              50,969              50,969            117,344              53,517              53,517              53,517              53,517              53,517              53,517              53,517              53,517              53,517              53,517              53,517            119,892              56,193              56,193              56,193              56,193              56,193              56,193              56,193              56,193                56,193                56,193                56,193              122,568                59,003                59,003                59,003                59,003                59,003                59,003                59,003                59,003                59,003                59,003                59,003              125,378
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              42,656              42,656              42,656              42,656              42,656              42,656              42,656              42,656              42,656              42,656              42,656            100,781              44,789              44,789              44,789              44,789              44,789              44,789              44,789              44,789              44,789              44,789              44,789            102,914              47,029              47,029              47,029              47,029              47,029              47,029              47,029              47,029                47,029                47,029                47,029              105,154                49,380                49,380                49,380                49,380                49,380                49,380                49,380                49,380                49,380                49,380                49,380              107,505
Advertising & Promotion:
Media                    -                      -                      -                      -                      -                      -              350,000            350,000            350,000         1,000,000         1,000,000         1,000,000            395,947            395,947            395,947            395,947            395,947            395,947            395,947            395,947            395,947            395,947            395,947            395,947            328,714            328,714            328,714            328,714            328,714            328,714            328,714            328,714            328,714            328,714            328,714            328,714            221,853            221,853            221,853            221,853            221,853            221,853            221,853            221,853              221,853              221,853              221,853              221,853              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                    -                      -                      -                      -                      -                      -                      -                      -                      -           1,000,000         1,000,000         1,000,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000            250,000              250,000              250,000              250,000              250,000              250,000              250,000              250,000              250,000              250,000              250,000              250,000              250,000              250,000              250,000              250,000              250,000
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         1,132,813         1,132,813         2,140,625         2,990,625         2,890,625         2,848,750         1,233,964         1,233,964         1,233,964         1,233,964         1,233,964         1,233,964         1,233,964         1,233,964         1,233,964         1,233,964         1,233,964         1,292,089         1,053,937         1,053,937         1,053,937         1,053,937         1,053,937         1,053,937         1,053,937         1,053,937         1,053,937         1,053,937         1,053,937         1,112,062            850,658            850,658            850,658            850,658            850,658            850,658            850,658            850,658              850,658              850,658              850,658              908,783              985,019              985,019              985,019              985,019              985,019              985,019              985,019              985,019              985,019              985,019              985,019           1,043,144
General & Administrative
Labor                    -                20,313              28,646              65,104              74,479              74,479              74,479              74,479              74,479              74,479              74,479            184,167              78,203              78,203              84,219              88,047              88,047              88,047              88,047              88,047              88,047              88,047              88,047            197,734              92,449              92,449              92,449              92,449              92,449              92,449              92,449              92,449              92,449              92,449              92,449            202,137              97,072              97,072              97,072              97,072              97,072              97,072              97,072              97,072                97,072                97,072                97,072              206,759              101,925              101,925              101,925              101,925              101,925              101,925              101,925              101,925              101,925              101,925              101,925              211,613
Rent                    -                 3,675               7,963              12,250              16,538              16,538              16,538              16,538              18,375              18,375              18,375              18,375              18,375              18,375              18,988              20,213              20,213              20,213              20,213              20,213              20,213              20,213              20,213              20,213              20,213              20,213              20,213              20,213              20,213              20,213              20,213              20,213              20,213              20,213              20,213              20,213              20,213              20,213              20,213              20,213              20,213              20,213              20,213              20,213                20,213                20,213                20,213                20,213                20,213                20,213                20,213                20,213                20,213                20,213                20,213                20,213                20,213                20,213                20,213                20,213
Telecommunications              20,000              20,288              20,624              20,960              21,296              21,296              21,296              21,296              21,440              21,440              21,440              21,440              21,440              21,440              21,488              21,584              21,584              21,584              21,584              21,584              21,584              21,584              21,584              21,584              21,584              21,584              21,584              21,584              21,584              21,584              21,584              21,584              21,584              21,584              21,584              21,584              21,584              21,584              21,584              21,584              21,584              21,584              21,584              21,584                21,584                21,584                21,584                21,584                21,584                21,584                21,584                21,584                21,584                21,584                21,584                21,584                21,584                21,584                21,584                21,584
Materials & Supplies                      -                 1,200               2,600               4,000               5,400               5,400               5,400               5,400               6,000               6,000               6,000               6,000               6,240               6,240               6,448               6,864               6,864               6,864               6,864               6,864               6,864               6,864               6,864               6,864               7,139               7,139               7,139               7,139               7,139               7,139               7,139               7,139               7,139               7,139               7,139               7,139               7,424               7,424               7,424               7,424               7,424               7,424               7,424               7,424                 7,424                 7,424                 7,424                 7,424                 7,721                 7,721                 7,721                 7,721                 7,721                 7,721                 7,721                 7,721                 7,721                 7,721                 7,721                 7,721
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                      -                      -                      -                      -                      -                      -                20,571              15,429                    -                72,000              48,000              30,000              24,960              25,709              26,480              27,274              28,093              28,935              29,225              29,517              29,812              30,110              30,412              30,716              32,264              32,586              32,912              33,241              33,574              33,910              33,910              33,910              33,910              33,910              33,910              33,910              35,266              35,266              35,266              35,266              35,266              35,266              35,266              35,266                35,266                35,266                35,266                35,266                36,677                36,677                36,677                36,677                36,677                36,677                36,677                36,677                36,677                36,677                36,677                36,677
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                 7,500               8,100              11,200              11,900              12,600              12,600              12,600              12,600              12,900              12,900              12,900              12,900              13,296              13,296              13,396              13,596              13,596              13,596              13,596              13,596              13,596              13,596              13,596              13,596              14,008              14,008              14,008              14,008              14,008              14,008              14,008              14,008              14,008              14,008              14,008              14,008              14,436              14,436              14,436              14,436              14,436              14,436              14,436              14,436                14,436                14,436                14,436                14,436                13,200                13,200                13,200                13,200                13,200                13,200                13,200                13,200                13,200                13,200                13,200                13,200
                                                                                                                         
Total G&A            223,500            254,176            271,632            317,814            333,913            235,113            255,684            250,541            237,994            309,994            285,994            377,682            272,323            273,072            280,827            287,387            288,205            289,048            289,337            289,629            289,925            290,223            290,524            400,516            302,715            303,038            303,364            303,693            304,025            304,361            304,361            304,361            304,361            304,361            304,361            414,048            316,557            316,557            316,557            316,557            316,557            316,557            316,557            316,557              316,557              316,557              316,557              426,244              327,650              327,650              327,650              327,650              327,650              327,650              327,650              327,650              327,650              327,650              327,650              437,338
R&D
Labor                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                10,938              10,938              10,938              10,938              10,938              10,938              10,938              10,938              10,938              11,484              11,484              11,484              11,484              11,484              11,484              11,484              11,484              11,484              11,484              11,484              11,484              12,059              12,059              12,059              12,059              12,059              12,059              12,059              12,059                12,059                12,059                12,059                12,059                12,662                12,662                12,662                12,662                12,662                12,662                12,662                12,662                12,662                12,662                12,662                12,662
Outsourced R&D Efforts                      -                      -                      -                      -                      -                      -                    821               1,438               1,438               4,313               6,229               7,427               8,385               9,373              10,389              11,436              12,515              13,626              14,748              15,881              17,026              18,182              19,350              20,529              21,720              22,923              24,138              25,365              26,605              27,857              29,109              30,361              31,612              32,864              36,991              37,285              37,818              38,830              40,111              41,392              42,675              43,958              45,242              46,505                47,768                49,031                50,295                51,558                52,822                54,085                55,349                56,613                56,727                57,225                58,010                58,878                59,735                60,580                61,413                62,234
Total R&D                    -                      -                      -                      -                      -                      -                    821               1,438               1,438               4,313               6,229               7,427               8,385               9,373              10,389              22,374              23,452              24,563              25,686              26,819              27,963              29,120              30,287              31,467              33,205              34,408              35,623              36,850              38,089              39,341              40,593              41,845              43,097              44,349              48,476              48,769              49,876              50,889              52,169              53,451              54,733              56,016              57,301              58,564                59,827                61,090                62,353                63,617                65,483                66,747                68,011                69,275                69,389                69,886                70,671                71,540                72,397                73,242                74,075                74,895
                                                                                                                       
Total Operating Expenses            523,500            603,134            651,320            819,898         1,052,350         1,053,550         1,517,929         1,545,641         2,547,053         3,622,378         3,600,594         3,869,417         2,049,002         2,101,760         2,163,736         2,234,131         2,290,505         2,349,367         2,450,657         2,541,983         2,602,279         2,663,156         2,724,622         3,109,617         2,686,275         2,749,593         2,813,544         2,878,134         2,943,370         3,009,259         3,036,871         3,073,954         3,139,470         3,072,224         3,140,590         3,531,735         3,080,732         3,129,894         3,178,841         3,227,293         3,275,234         3,322,648         3,366,333         3,410,873           3,458,397           3,490,990           3,484,070           3,818,341           3,670,213           3,697,006           3,723,016           3,748,224           3,824,558           3,882,732           3,927,744           3,968,187           4,008,918           4,049,952           4,047,050           4,382,166
Earnings Before Interest, Taxes, Depreciation & Amortization (EBITDA)           (523,500)           (603,134)           (651,320)           (819,898)        (1,052,350)        (1,053,550)        (1,434,143)        (1,399,016)        (2,400,428)        (3,182,503)        (2,965,219)        (3,111,855)        (1,195,332)        (1,148,640)        (1,106,913)        (1,076,244)        (1,026,433)           (974,372)           (963,127)           (940,830)           (886,407)           (831,459)           (775,982)        (1,042,909)           (500,317)           (443,193)           (385,497)           (327,225)           (268,369)           (208,926)           (111,229)             (23,026)              36,719            229,202            573,548            211,757            716,073            768,141            847,256            926,953         1,007,250         1,088,164         1,172,903         1,254,661           1,333,448           1,427,174           1,560,428           1,352,500           1,626,983           1,726,557           1,826,925           1,928,109           1,863,177           1,854,752           1,888,249           1,934,661           1,979,634           2,023,121           2,109,322           1,856,249
Depreciation & Amortization                    -                 4,861              14,139              16,569              17,250              17,931              17,931              17,931              17,931              18,222              18,222              18,222              18,222              18,222              18,222              18,319              18,694              18,694              18,694              18,694              18,694              18,694              18,694              18,694              18,694              18,694              18,694              18,694              18,694              18,694              18,694              18,694              18,694              18,694              18,694              18,694              18,694              13,833               4,556               2,125               1,444                  764                  764                  764                    764                    472                    472                    472                    472                    472                    472                    375                      -                        -                        -                        -                        -                        -                        -                        -  
Earnings Before Interest, Taxes           (523,500)           (607,995)           (665,459)           (836,467)        (1,069,600)        (1,071,481)        (1,452,074)        (1,416,947)        (2,418,358)        (3,200,725)        (2,983,441)        (3,130,077)        (1,213,554)        (1,166,862)        (1,125,136)        (1,094,563)        (1,045,128)           (993,067)           (981,821)           (959,525)           (905,101)           (850,153)           (794,676)        (1,061,603)           (519,012)           (461,887)           (404,192)           (345,919)           (287,064)           (227,620)           (129,923)             (41,720)              18,025            210,508            554,854            193,063            697,379            754,307            842,700            924,828         1,005,805         1,087,400         1,172,139         1,253,897           1,332,684           1,426,702           1,559,955           1,352,028           1,626,511           1,726,085           1,826,453           1,927,734           1,863,177           1,854,752           1,888,249           1,934,661           1,979,634           2,023,121           2,109,322           1,856,249
Interest 1.75%                    -                 6,348               5,004               3,939               2,802               1,387                    -                 4,834               7,428               4,242               9,265               9,289               7,234               6,191               6,593               7,062               7,577               8,190               8,890               8,871               8,327               8,551               8,067               6,754               5,865               5,803               6,101               6,403               6,709               7,020               7,333               7,213               6,777               6,727               6,685              13,035              17,765              20,463              22,549              24,508              26,417              28,278              30,093              31,496                32,538                33,861                35,361                36,341                37,683                38,925                40,029                41,012                41,910                46,921                50,968                53,393                54,989                56,860                58,960                60,978
                                                                                                                       
Pretax Consortium Profit (Before Rebates)           (523,500)           (614,343)           (670,462)           (840,406)        (1,072,402)        (1,072,868)        (1,452,074)        (1,421,781)        (2,425,786)        (3,204,967)        (2,992,707)        (3,139,366)        (1,220,788)        (1,173,054)        (1,131,729)        (1,101,625)        (1,052,705)        (1,001,257)           (990,712)           (968,395)           (913,428)           (858,705)           (802,744)        (1,068,357)           (524,877)           (467,691)           (410,293)           (352,322)           (293,773)           (234,640)           (137,256)             (48,933)              11,247            203,781            548,169            180,028            679,613            733,844            820,151            900,320            979,388         1,059,122         1,142,047         1,222,402           1,300,146           1,392,841           1,524,594           1,315,687           1,588,828           1,687,159           1,786,424           1,886,722           1,821,268           1,807,830           1,837,282           1,881,268           1,924,645           1,966,261           2,050,362           1,795,271
Rebate Pool (% of Before Tax Profits) 25%                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                 2,812              50,945            137,042              45,007            169,903            183,461            205,038            225,080            244,847            264,780            285,512            305,600              325,036              348,210              381,149              328,922              397,207              421,790              446,606              471,680              455,317              451,958              459,320              470,317              481,161              491,565              512,590              448,818
Pretax Consortium Profit           (523,500)           (614,343)           (670,462)           (840,406)        (1,072,402)        (1,072,868)        (1,452,074)        (1,421,781)        (2,425,786)        (3,204,967)        (2,992,707)        (3,139,366)        (1,220,788)        (1,173,054)        (1,131,729)        (1,101,625)        (1,052,705)        (1,001,257)           (990,712)           (968,395)           (913,428)           (858,705)           (802,744)        (1,068,357)           (524,877)           (467,691)           (410,293)           (352,322)           (293,773)           (234,640)           (137,256)             (48,933)               8,436            152,836            411,127            135,021            509,710            550,383            615,113            675,240            734,541            794,341            856,535            916,801              975,109           1,044,631           1,143,446              986,765           1,191,621           1,265,369           1,339,818           1,415,041           1,365,951           1,355,873           1,377,961           1,410,951           1,443,484           1,474,695           1,537,771           1,346,453
Estimated Stockholder Taxes 40%                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                 3,374              61,134            164,451              54,008            203,884            220,153            246,045            270,096            293,817            317,737            342,614            366,721              390,044              417,852              457,378              394,706              476,648              506,148              535,927              566,017              546,380              542,349              551,184              564,381              577,394              589,878              615,109              538,581
Estimated Consortium Net Income           (523,500)           (614,343)           (670,462)           (840,406)        (1,072,402)        (1,072,868)        (1,452,074)        (1,421,781)        (2,425,786)        (3,204,967)        (2,992,707)        (3,139,366)        (1,220,788)        (1,173,054)        (1,131,729)        (1,101,625)        (1,052,705)        (1,001,257)           (990,712)           (968,395)           (913,428)           (858,705)           (802,744)        (1,068,357)           (524,877)           (467,691)           (410,293)           (352,322)           (293,773)           (234,640)           (137,256)             (48,933)               5,061              91,701            246,676              81,013            305,826            330,230            369,068            405,144            440,725            476,605            513,921            550,081              585,066              626,778              686,067              592,059              714,973              759,222              803,891              849,025              819,570              813,524              826,777              846,571              866,090              884,817              922,663              807,872
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)                    -                      -                      -                      -                      -                      -           4,928,584         3,696,416                    -           7,245,000         4,830,000         3,018,750         2,415,000         2,487,450         2,562,074         2,638,931         2,718,095         2,799,637         2,827,639         2,855,919         2,884,476         2,913,323         2,942,460         2,971,887         3,001,604         3,031,622         3,061,942         3,092,564         3,123,489         3,154,727         3,154,727         3,154,727         3,154,727         3,154,727         8,329,727         6,604,727         5,310,977         4,879,727         4,931,477         4,984,779         5,039,677         5,096,223         5,154,467         5,174,469           5,194,668           5,215,067           5,235,672           5,256,484           5,277,503           5,298,729           5,320,171           5,341,828           8,468,701           7,455,790           6,701,853           6,443,103           6,474,153           6,506,134           6,539,073           6,573,000
Cash Outlays
Capital Expenditures           (175,000)           (334,000)             (87,500)             (24,500)             (24,500)                    -                      -                      -               (10,500)                    -                      -                      -                      -                      -                (3,500)             (13,500)                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -                        -  
Core Registry Fee (Cash)                    -                      -                      -                      -                      -                      -             (510,773)           (383,077)                    -          (1,787,700)        (1,191,800)           (744,875)           (595,900)           (613,777)           (632,190)           (651,155)           (670,688)           (690,809)        (1,709,150)        (1,463,265)           (711,743)        (2,488,861)        (1,906,051)        (1,470,812)        (1,330,644)        (1,355,751)        (1,381,464)        (1,407,796)        (1,434,767)        (1,462,396)        (2,025,525)        (1,893,359)        (1,483,123)        (1,667,171)        (2,677,289)        (2,286,228)        (2,013,238)        (1,933,842)        (1,953,692)        (1,973,990)        (1,994,745)        (2,015,973)        (2,534,325)        (2,412,690)          (2,038,248)          (2,043,139)          (2,579,079)          (2,407,069)          (2,279,359)          (2,240,198)          (2,250,649)          (2,261,311)          (2,909,388)          (2,708,086)          (3,065,057)          (2,887,579)          (2,516,739)          (2,525,395)          (2,534,269)          (2,543,367)
Systems Development & Support                      -             (29,688)             (43,229)             (43,229)             (43,229)             (43,229)             (43,229)             (43,229)             (43,229)             (43,229)             (43,229)           (131,979)             (45,391)             (45,391)             (45,391)             (45,391)             (45,391)             (45,391)             (45,391)             (45,391)             (45,391)             (45,391)             (45,391)           (134,141)             (47,660)             (47,660)             (47,660)             (47,660)             (47,660)             (47,660)             (47,660)             (47,660)             (47,660)             (47,660)             (47,660)           (136,410)             (50,043)             (50,043)             (50,043)             (50,043)             (50,043)             (50,043)             (50,043)             (50,043)               (50,043)               (50,043)               (50,043)             (138,793)               (52,545)               (52,545)               (52,545)               (52,545)               (52,545)               (52,545)               (52,545)               (52,545)               (52,545)               (52,545)               (52,545)             (141,295)
Customer Service                    -                      -                (3,646)             (26,042)             (42,396)             (42,396)             (42,396)             (42,396)             (48,542)             (48,542)             (48,542)           (114,917)             (50,969)             (50,969)             (50,969)             (50,969)             (50,969)             (50,969)             (50,969)             (50,969)             (50,969)             (50,969)             (50,969)           (117,344)             (53,517)             (53,517)             (53,517)             (53,517)             (53,517)             (53,517)             (53,517)             (53,517)             (53,517)             (53,517)             (53,517)           (119,892)             (56,193)             (56,193)             (56,193)             (56,193)             (56,193)             (56,193)             (56,193)             (56,193)               (56,193)               (56,193)               (56,193)             (122,568)               (59,003)               (59,003)               (59,003)               (59,003)               (59,003)               (59,003)               (59,003)               (59,003)               (59,003)               (59,003)               (59,003)             (125,378)
Marketing           (300,000)           (319,271)           (332,813)           (432,813)           (632,813)           (732,813)        (1,132,813)        (1,132,813)        (2,140,625)        (2,990,625)        (2,890,625)        (2,848,750)        (1,233,964)        (1,233,964)        (1,233,964)        (1,233,964)        (1,233,964)        (1,233,964)        (1,233,964)        (1,233,964)        (1,233,964)        (1,233,964)        (1,233,964)        (1,292,089)        (1,053,937)        (1,053,937)        (1,053,937)        (1,053,937)        (1,053,937)        (1,053,937)        (1,053,937)        (1,053,937)        (1,053,937)        (1,053,937)        (1,053,937)        (1,112,062)           (850,658)           (850,658)           (850,658)           (850,658)           (850,658)           (850,658)           (850,658)           (850,658)             (850,658)             (850,658)             (850,658)             (908,783)             (985,019)             (985,019)             (985,019)             (985,019)             (985,019)             (985,019)             (985,019)             (985,019)             (985,019)             (985,019)             (985,019)          (1,043,144)
G&A           (223,500)           (254,176)           (271,632)           (317,814)           (333,913)           (235,113)           (255,684)           (250,541)           (237,994)           (309,994)           (285,994)           (377,682)           (272,323)           (273,072)           (280,827)           (287,387)           (288,205)           (289,048)           (289,337)           (289,629)           (289,925)           (290,223)           (290,524)           (400,516)           (302,715)           (303,038)           (303,364)           (303,693)           (304,025)           (304,361)           (304,361)           (304,361)           (304,361)           (304,361)           (304,361)           (414,048)           (316,557)           (316,557)           (316,557)           (316,557)           (316,557)           (316,557)           (316,557)           (316,557)             (316,557)             (316,557)             (316,557)             (426,244)             (327,650)             (327,650)             (327,650)             (327,650)             (327,650)             (327,650)             (327,650)             (327,650)             (327,650)             (327,650)             (327,650)             (437,338)
R&D                    -                      -                      -                      -                      -                      -                   (821)              (1,438)              (1,438)              (4,313)              (6,229)              (7,427)              (8,385)              (9,373)             (10,389)             (22,374)             (23,452)             (24,563)             (25,686)             (26,819)             (27,963)             (29,120)             (30,287)             (31,467)             (33,205)             (34,408)             (35,623)             (36,850)             (38,089)             (39,341)             (40,593)             (41,845)             (43,097)             (44,349)             (48,476)             (48,769)             (49,876)             (50,889)             (52,169)             (53,451)             (54,733)             (56,016)             (57,301)             (58,564)               (59,827)               (61,090)               (62,353)               (63,617)               (65,483)               (66,747)               (68,011)               (69,275)               (69,389)               (69,886)               (70,671)               (71,540)               (72,397)               (73,242)               (74,075)               (74,895)
Total           (698,500)           (937,134)           (738,820)           (844,398)        (1,076,850)        (1,053,550)        (1,985,716)        (1,853,493)        (2,482,328)        (5,184,403)        (4,466,419)        (4,225,630)        (2,206,932)        (2,226,545)        (2,257,231)        (2,304,739)        (2,312,670)        (2,334,744)        (3,354,496)        (3,110,037)        (2,359,955)        (4,138,527)        (3,557,185)        (3,446,367)        (2,821,678)        (2,848,311)        (2,875,564)        (2,903,453)        (2,931,996)        (2,961,213)        (3,525,593)        (3,394,679)        (2,985,695)        (3,170,994)        (4,185,240)        (4,117,410)        (3,336,565)        (3,258,181)        (3,279,312)        (3,300,891)        (3,322,929)        (3,345,440)        (3,865,076)        (3,744,704)          (3,371,526)          (3,377,680)          (3,914,883)          (4,067,074)          (3,769,059)          (3,731,162)          (3,742,877)          (3,754,803)          (4,402,994)          (4,202,190)          (4,559,946)          (4,383,335)          (4,013,353)          (4,022,854)          (4,032,561)          (4,365,417)
Interest* 6%                    -                (3,493)              (8,196)             (11,931)             (16,212)             (21,678)             (27,054)             (12,475)              (3,322)             (15,751)              (5,527)              (3,736)              (9,789)              (8,798)              (7,537)              (6,051)              (4,410)              (2,405)                   (93)              (2,727)              (4,012)              (1,409)              (7,542)             (10,653)             (13,079)             (12,245)             (11,390)             (10,515)              (9,622)              (8,712)              (7,788)              (9,682)             (10,930)             (10,170)             (10,863)               8,298              20,281              28,385              34,617              40,796              46,943              53,068              59,175              62,777                66,878                72,753                78,473                81,277                84,012                87,605                91,241                94,671                97,891              113,701              125,566              131,851              137,635              145,335              153,071              160,730
Rebates                    -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                      -                (2,812)             (50,945)           (137,042)             (45,007)           (169,903)           (183,461)           (205,038)           (225,080)           (244,847)           (264,780)           (285,512)           (305,600)             (325,036)             (348,210)             (381,149)             (328,922)             (397,207)             (421,790)             (446,606)             (471,680)             (455,317)             (451,958)             (459,320)             (470,317)             (481,161)             (491,565)             (512,590)             (448,818)
                                                                                                                       
Net Cash from Operating Before Taxes           (698,500)           (940,626)           (747,015)           (856,328)        (1,093,063)        (1,075,228)         2,915,814         1,830,448        (2,485,650)         2,044,847            358,054        (1,210,616)            198,278            252,107            297,306            328,141            401,015            462,488           (526,950)           (256,846)            520,510        (1,226,613)           (622,267)           (485,134)            166,847            171,066            174,989            178,597            181,871            184,802           (378,654)           (249,634)            155,290             (77,383)         3,996,582         2,450,608         1,824,789         1,466,470         1,481,744         1,499,603         1,518,845         1,539,071         1,063,054         1,186,941           1,564,985           1,561,930           1,018,113              941,765           1,195,249           1,233,382           1,221,929           1,210,017           3,708,282           2,915,344           1,808,153           1,721,301           2,117,274           2,137,050           2,146,992           1,919,496
Cumulative Cash Balance After Disbursements           (698,500)        (1,639,126)        (2,386,142)        (3,242,470)        (4,335,533)        (5,410,760)        (2,494,946)           (664,498)        (3,150,148)        (1,105,301)           (747,247)        (1,957,863)        (1,759,584)        (1,507,477)        (1,210,172)           (882,031)           (481,016)             (18,528)           (545,478)           (802,324)           (281,814)        (1,508,427)        (2,130,695)        (2,615,828)        (2,448,982)        (2,277,915)        (2,102,927)        (1,924,330)        (1,742,459)        (1,557,657)        (1,936,312)        (2,185,946)        (2,034,030)        (2,172,548)         1,659,583         4,056,182         5,677,088         6,923,404         8,159,103         9,388,610       10,613,638       11,834,972       12,555,412       13,375,633         14,550,574         15,694,651         16,255,386         16,802,445         17,521,046         18,248,280         18,934,283         19,578,283         22,740,184         25,113,179         26,370,147         27,527,067         29,066,948         30,614,119         32,146,003         33,526,918
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 $4,353,250 $3,431,112 $2,700,965 $1,921,223 $950,936 ($103,401) $3,314,586 $5,093,341 $2,909,030 $6,353,298 $6,369,705 $4,960,202 $4,245,587 $4,520,965 $4,842,387 $5,195,853 $5,616,281 $6,096,241 $6,082,713 $5,709,960 $5,863,704 $5,531,952 $4,631,333 $4,021,545 $3,979,307 $4,183,365 $4,390,635 $4,600,787 $4,813,476 $5,028,349 $4,946,111 $4,647,259 $4,612,605 $4,583,951 $8,938,279 $12,181,743 $14,031,953 $15,462,364 $16,805,329 $18,114,423 $19,390,852 $20,634,868 $21,597,031 $22,311,742 $23,219,189 $24,247,501 $24,919,726 $25,839,760 $26,691,718 $27,448,613 $28,122,532 $28,738,013 $32,174,719 $34,949,378 $36,612,074 $37,706,440 $38,989,697 $40,429,549 $41,813,352 $43,125,019
Accounts Receivable $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Pre-Paid Expense $0 $0 $0 $0 $0 $0 $467,787 $775,639 $700,414 $2,262,439 $3,128,264 $3,484,477 $3,642,407 $3,767,192 $3,857,186 $3,914,295 $3,936,459 $3,921,837 $4,825,676 $5,393,730