Appendix S

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Appendix S

June 12, 2002

The Internet Society
1775 Wiehle Avenue, Suite 102
Reston, VA 20190-5108

Re: .ORG Redelegation - Letter of Intent

Ladies and Gentlemen:

Afilias Limited ("Afilias") hereby affirms its intent to honor the Letter of Intent executed on May 31, 2002, between Afilias and the Internet Society ("ISOC"):

ISOC will submit an application to ICANN to become the registry operator for the .ORG registry;
In the application, ISOC will propose the establishment of a separate entity, owned or controlled solely by the Internet Society: Public Interest Registry, or PIR. PIR will serve as the registry operator, if the application is selected by ICANN;
ISOC (or its designee, PIR) will contract with Afilias to provide registry technical and support services in connection with the operation of the registry;
ISOC (or its designee, PIR) will be the sole beneficiary of the US$5 million endowment anticipated to be paid by VeriSign as set forth in Section 5.1.4 of the current .ORG registry agreement; and
The application proposes a $6 a year registration fee, with $4 going to Afilias for registry infrastructure services and $2 going to ISOC (or its designee, PIR) to provide administrative and policy oversight functions and other outreach activities

The subcontract may contain performance, stability and other technical requirements to which Afilias agrees to comply.

The subcontract agreement will correspond with the term of the .org registry agreement.

Best Regards,
AFILIAS LIMITED

Hal Lubsen
President and CEO

The Internet Society
1775 Wiehle Avenue
Suite 102
Reston, VA 20190-5108

Re: .ORG Redelegation -- Financing for Start-Up Operations

Ladies and Gentlemen:

Afilias has committed to provide a $250,000 line of credit to PIR to cover any start-up expenses, contingent upon the selection of ISOC's bid by ICANN.

Best regards,
AFILIAS LIMITED

Hal Lubsen
President and CEO