<html><head><meta http-equiv="Content-Type" content="text/html; charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; line-break: after-white-space;" class=""><br class=""><div><br class=""><blockquote type="cite" class=""><div class="">On Sep 22, 2021, at 08:50 , Mike Burns <<a href="mailto:mike@iptrading.com" class="">mike@iptrading.com</a>> wrote:</div><br class="Apple-interchange-newline"><div class=""><meta charset="UTF-8" class=""><div class="WordSection1" style="page: WordSection1; caret-color: rgb(0, 0, 0); font-family: Helvetica; font-size: 12px; font-style: normal; font-variant-caps: normal; font-weight: normal; letter-spacing: normal; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration: none;"><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">Hi Chris,<o:p class=""></o:p></div><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class=""><o:p class=""> </o:p></div><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">I am still unclear. So the “risk” you refer to is the inability to purchase new blocks using leases as justification?<o:p class=""></o:p></div><div style="margin: 0in; font-size: 11pt; font-family: Calibri, sans-serif;" class="">I’m not entirely sure how that constitutes a risk, unless you mean they will run out of addresses they need for themselves. Is that their risk?</div></div></div></blockquote><div><br class=""></div>The risk is easily mitigated by taking whatever addresses they want to purchase and doing so through an inter-RIR transfer to RIPE unless they are attempting</div><div>to acquire the addresses in the AFRINIC region which remains the one RIR without an inter-RIR transfer policy, which is one of the many misdeeds that has</div><div>them tied up in court right now.</div><div><br class=""></div><div><font face="Calibri, sans-serif" class=""><span style="font-size: 14.666666984558105px;" class="">Owen</span></font></div><div><font face="Calibri, sans-serif" class=""><span style="font-size: 14.666666984558105px;" class=""><br class=""></span></font></div></body></html>