Unsponsored TLD Agreement: Appendix W (.name)

Unsponsored TLD Agreement: Appendix W (.name)

(25 Jun 2001)

Additional Covenants Of Global Name Registry

1. Ownership Structure

The Global Name Registry, Ltd. ("GNR") is a wholly owned subsidiary of GNR Ltd., a private limited company incorporated in England and Wales under the Company No 03895286.

2. Insurance

GNR shall acquire, prior to the Effective Date, at least US $10,000,000 in comprehensive general liability insurance from a reputable insurance provider with an A.M. Best rating of "A" or better and shall maintain insurance meeting these requirements throughout the Term of this Agreement.

3. Limitations on Merger, Consolidation or Reorganization

During the Term of this Agreement, GNR shall not: (1) merge, consolidate or reorganize into or with a Registry Operator for a TLD which has more than 10,000,000 Registered Names under management, or any of its affiliates; or (2) sell or otherwise transfer all of its assets or stock to a Registry Operator for a TLD which has more than 10,000,000 Registered Names under management, or any of its affiliates. GNR may merge, consolidate or otherwise reorganize into or with a (1) Registry Operator which has less than 10,000,000 Registered Names under management, or (2) a domain name registrar, only upon the express written consent of ICANN, which consent may not be unreasonably withheld or delayed. In considering whether to give consent, ICANN may consider Concepts 3, 5 and 6 stated in Appendix U.

4. Funding Commitment

GNR shall ensure it obtains a minimum of US $7,500,000 in funding. Such funds will be restricted solely for GNR's activities in building and operating the Registry TLD through the date that is one year following the Commencement-of-Services Date.

5. Marketing Commitment

GNR shall make available for marketing the Registry Services and the .name TLD the entire fund generated from the Cooperative Marketing Fund Program described in Section 10 of Appendix J.

Page Updated 24-Dec-2002

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