If the ICANN New gTLD Auction winner does not execute a Registry Agreement and ICANN offers the runner-up the opportunity to proceed, what payment is required?

Last Updated: August 2026

If the applicant that prevailed in the ICANN New gTLD Auction is, for any reason, ineligible to execute the Registry Agreement and ICANN offers the runner-up applicant the opportunity to proceed, the runner-up would be required to pay its exit bid. The exit bid is the price level at which the runner-up exited the auction.