VERISIGN, INC. (NASDAQ:VRSN) Files An 8-K Entry into a Material Definitive Agreement

VERISIGN, INC. (NASDAQ:VRSN) Files An 8-K Entry into a Material Definitive Agreement

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Item 1.01.

Entry into a Material Definitive Agreement.
On June 28, 2017, Verisign entered into a renewal of the .net
Registry Agreement with ICANN, to which Verisign will remain the
sole registry operator of the .net>top-level domain through
June 30, 2023 (the “Agreement”). The Agreement renews the current
.net>Registry Agreement entered into by the Company and ICANN
in 2011 with no changes to the material terms.
The Agreement provides that the Company will continue as the
exclusive registry of domain names within the .net>generic
top-level domain through June 30, 2023. The Agreement provides
that it shall be renewed for later terms unless it has been
finally determined by an arbitrator or court that the Company has
failed to cure a fundamental and material breach of certain
provisions of the Agreement and, following the decision of such
arbitrator or court, the Company fails to comply with such
decision. The Agreement maintains the current service levels and
pricing provisions for .net>domain name registrations and
allows the Company to increase the price of a .net>domain name
registration by up to ten percent in each calendar year during
the term of the Agreement; provided that the Company gives six
months prior notice of any price increase. The Company is
required to collect a $0.75 fee on ICANNs behalf for each
.net>domain registration and may also be required to collect
variable registry fees on ICANNs behalf in fiscal quarters in
which ICANN does not collect a variable accreditation fee from
all registrars.
The description of the Agreement contained herein is qualified in
its entirety by reference to the .net>Registry Agreement
entered into on June 28, 2017, a copy of which is filed herewith
as Exhibit 10.1 and is incorporated herein by reference.
Item 9.01.
Financial Statements and Exhibits.
(d) Exhibits
Exhibit Number
.net Registry Agreement between VeriSign, Inc. and the
Internet Corporation for Assigned Names and Numbers,
entered into on June 28, 2017

EX-10.1 2 exhibit101.htm EXHIBIT 10.1 Exhibit .NET Registry Agreement (1 July 2017)REGISTRY AGREEMENTThis REGISTRY AGREEMENT (this “Agreement”) is entered into as of 1 July 2017 by and between Internet Corporation for Assigned Names and Numbers,…
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VeriSign, Inc. is a provider of domain name registry services and Internet security, enabling Internet navigation for domain names and providing protection for Websites and enterprises around the world (Registry Services). The Company operates in Registry Services and Security Services segment. Its product suite also includes Security Services consisting of Distributed Denial of Service (DDoS) Protection Services, Verisign iDefense Security Intelligence Services (iDefense) and Managed Domain Name System (Managed DNS) Services. The Company’s Registry Services provides the security and resiliency of Internet infrastructure and services, including the .com and .net domains, approximately two of the Internet’s root servers, and operation of the root-zone maintainer functions for the core of the Internet’s Domain Name System (DNS). The Company has operations inside, as well as outside the United States. Its operations infrastructure consists of approximately three secure data centers.

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