Izumi,
>> 1. IANA to distribute a single /8 to each RIR when the IANA free
>>    pool hits 5 /8s. This date is defined as 'IANA Exhaustion Date'.
> 
> Seems fine, although just to be explicit:
> 
> Suppose there are 6 /8s remaining in the free pool.  An RIR comes to  
> IANA and indicates they want another allocation.  Current practice is  
> to allocate 2 /8s (if justified).  IANA allocates the 2 /8s, leaving  
> 4 /8s.  The obvious approach would be to allocate the remaining 4 /8s  
> to the other 4 RIRs.  Is that the intent?

We though a lot about this issue when we came out with our proposal, because it needs to be crystal clear for IANA. We first discussed using some integer value formulas and finally came out with the reservation idea. We did not received any comment about problems in our text and I am not very sure why you rather propose a different text than supporting the existing one with a different value for the last allocation (the only main difference).

Roque

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Roque Gagliano ANTEL - URUGUAY
rgaglian@antel.net.uy