IX. The VeriSign endowment


Organic Names does not propose to seek any funds from the VeriSign endowment.

Organic Names feels that if the VeriSign endowment is to be used to fund ICANN or not-for-profit causes, then ICANN should instruct VeriSign to apply the endowment to those causes directly, rather than linking such funding to running a registry in a supposedly not-for-profit manner.

Organic Names considers that offering a one-off windfall of US $5 million may distract potential registries from providing a fundamentally sound long-term business plan.

C42-49 (Intentionally omitted)