$DATI The transfer and assignment of the .hiphop gTLD to Dot Hip Hop is still being processed by ICANN. This process is seemingly taking longer and is costing more money than the traditional transfer process is known to take. However, it is the Company’s understanding that Dot Hip Hop has in fact met all of the requirements for ICANN to complete the assignment of the .hiphop gTLD Registry Agreement from the previous owner to Dot Hip Hop.

Watson continued, “While it is taking ICANN much longer to consent to the assignment, I am not overly concerned about the delay, as we are working with extremely successful domain industry veterans, who have roughly 65 years of combined knowledge and experience between them, and who are working diligently to rectify the matter. Further, the rationale used by ICANN for delaying consent does not seem to relate to Dot Hip Hop, DigitalAMN or its partners, nor the actual gTLD [.hiphop]. Our partners have taken every step to clear any potential hurdle to the assignment. Any result other than a consent, would unfortunately be likely predicated on some sort of biases having little or nothing to do with DigitalAMN or its partners.”

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