90% CONFIDENCE LEVEL
							CONSORTIUM gTLD													CONSORTIUM gTLD													CONSORTIUM gTLD													CONSORTIUM gTLD													CONSORTIUM gTLD													CONSORTIUM gTLD
							Summary P&L													Summary P&L													Summary P&L													Summary P&L													Summary P&L													Summary P&L
							Year 1													Year 2													Year 3													Year 4													Year 5
							1	2	3	4	5	6	7	8	9	10	11	12	Year 1	1	2	3	4	5	6	7	8	9	10	11	12	Year 2	1	2	3	4	5	6	7	8	9	10	11	12	Year 3	1	2	3	4	5	6	7	8	9	10	11	12	Year 4	1	2	3	4	5	6	7	8	9	10	11	12	Year 5		Year 1		Year 2		Year 3		Year 4		Year 5		Total
													<---------SUNRISE PERIOD---------->
New Registrations							-	-	-	-	-	-	171,429	128,571	QUIET	600,000	400,000	250,000	1,550,000	200,000	206,000	212,180	218,545	225,101	231,854	234,173	236,515	238,880	241,269	243,682	246,119	2,734,318	248,580	251,066	253,577	256,113	258,674	261,261	261,261	261,261	261,261	261,261	261,261	261,261	3,096,837	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	3,135,132	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	261,261	3,135,132		1,550,000		2,734,318		3,096,837		3,135,132		3,135,132		13,651,419
Revenue							$               -	$                -	$                -	$                -	$                 -	$                 -	$          83,786	$        146,625	$        146,625	$        439,875	$        635,375	$        757,563	$     2,209,848	$        853,670	$        953,120	$     1,056,823	$     1,157,887	$     1,264,072	$     1,374,994	$     1,487,530	$     1,601,152	$     1,715,872	$     1,831,697	$     1,948,640	$     2,066,708	$     17,312,165	$     2,185,958	$     2,306,400	$     2,428,046	$     2,550,909	$     2,675,001	$     2,800,334	$     2,925,643	$     3,050,928	$     3,176,189	$     3,301,426	$     3,714,138	$     3,743,493	$     34,858,464	$     3,796,805	$     3,898,034	$     4,026,097	$     4,154,246	$     4,282,483	$     4,410,812	$     4,539,236	$     4,665,534	$     4,791,844	$     4,918,165	$     5,044,497	$     5,170,841	$    53,698,595	$       5,297,196	$     5,423,563	$     5,549,942	$       5,676,333	$       5,687,735	$       5,737,483	$       5,815,994	$       5,902,848	$       5,988,552	$       6,073,072	$       6,156,372	$       6,238,415	$      69,547,506		$     2,209,848		$     17,312,165		$     34,858,464		$    53,698,595		$      69,547,506		$   177,626,578
Operating Expenses:
Registry Operator							-	-	-	-	-	-	42,986	75,225	75,225	225,675	325,975	388,663	1,133,748	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	9,292,786	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	17,758,708	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	23,959,415	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	28,670,615		1,133,748		9,292,786		17,758,708		23,959,415		28,670,615		80,815,273
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	550,729	45,391	45,391	45,391	45,391	45,391	45,391	45,391	45,391	45,391	45,391	45,391	134,141	633,438	47,660	47,660	47,660	47,660	47,660	47,660	47,660	47,660	47,660	47,660	47,660	136,410	660,672	50,043	50,043	50,043	50,043	50,043	50,043	50,043	50,043	50,043	50,043	50,043	138,793	689,268	52,545	52,545	52,545	52,545	52,545	52,545	52,545	52,545	52,545	52,545	52,545	141,295	719,294		550,729		633,438		660,672		689,268		719,294		3,253,400
Customer Service							-	-	3,646	26,042	42,396	42,396	42,396	42,396	48,542	48,542	48,542	114,917	459,813	50,969	50,969	50,969	50,969	50,969	50,969	50,969	50,969	50,969	50,969	50,969	117,344	678,000	53,517	53,517	53,517	53,517	53,517	53,517	53,517	53,517	53,517	53,517	53,517	119,892	708,581	56,193	56,193	56,193	56,193	56,193	56,193	56,193	56,193	56,193	56,193	56,193	122,568	740,692	59,003	59,003	59,003	59,003	59,003	59,003	59,003	59,003	59,003	59,003	59,003	125,378	774,407		459,813		678,000		708,581		740,692		774,407		3,361,493
Sales & 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	15,886,771	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	14,865,697	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	12,705,367	850,658	850,658	850,658	850,658	850,658	850,658	850,658	850,658	850,658	850,658	850,658	908,783	10,266,015	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	11,878,352		15,886,771		14,865,697		12,705,367		10,266,015		11,878,352		65,602,202
General & Administrative							223,500	254,176	271,632	317,814	333,913	235,113	255,684	250,541	237,994	309,994	285,994	377,682	3,354,037	272,323	273,072	280,827	287,387	288,205	289,048	289,337	289,629	289,925	290,223	290,524	400,516	3,541,015	302,715	303,038	303,364	303,693	304,025	304,361	304,361	304,361	304,361	304,361	304,361	414,048	3,757,048	316,557	316,557	316,557	316,557	316,557	316,557	316,557	316,557	316,557	316,557	316,557	426,244	3,908,368	327,650	327,650	327,650	327,650	327,650	327,650	327,650	327,650	327,650	327,650	327,650	437,338	4,041,488		3,354,037		3,541,015		3,757,048		3,908,368		4,041,488		18,601,956
R&D							-	-	-	-	-	-	821	1,438	1,438	4,313	6,229	7,427	21,665	8,385	9,373	10,389	22,374	23,452	24,563	25,686	26,819	27,963	29,120	30,287	31,467	269,878	33,205	34,408	35,623	36,850	38,089	39,341	40,593	41,845	43,097	44,349	48,476	48,769	484,643	49,876	50,889	52,169	53,451	54,733	56,016	57,301	58,564	59,827	61,090	62,353	63,617	679,886	65,483	66,747	68,011	69,275	69,389	69,886	70,671	71,540	72,397	73,242	74,075	74,895	845,611		21,665		269,878		484,643		679,886		845,611		2,301,683
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	21,406,763	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	29,280,814	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	36,075,020	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	40,243,644	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	46,929,767		21,406,763		29,280,814		36,075,020		40,243,644		46,929,767		173,936,008
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)	(19,196,914)	(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)	(11,968,649)	(500,317)	(443,193)	(385,497)	(327,225)	(268,369)	(208,926)	(111,229)	(23,026)	36,719	229,202	573,548	211,757	(1,216,555)