05-14-2017, 09:43 AM
To: President Jack Doe
Mr. Doe, I congratulate both of our companies on massive success of the Cold Lake Project so far. Our coordinated effort yielded a technological miracle of a sort, another milestone in great history of cooperation between DSE and Ageira Technologies.
However, I see an opportunity to take our joint effort in this project to a new level. As we are going to face even bigger challenges moving this project forward, it would be much better to face them being strong in unity.
Therefore, I propose to convert the Cold Lake Project into something new and different, backed by our companies acting as a whole, the Cold Lake Consortium. This entity will focus solely on establishing Hypergate connections between Houses of Sirius.
Please, see the attachment for detailed proposal for the Consortium. Let me know if you agree with the listed conditions or if you want to make adjustments of any kind.
Preamble
The Cold Lake Consortium (referred as The Consortium throughout this document) is a joint venture by DSE and Ageira to develop innovative interstellar transportation technology. This technology advances the existing Jump Gates by employing recent discoveries in the field of spatial manipulations and FTL travel.
Participating entities and governance model
The Consortium is founded by Deep Space Engineering and Ageira Technologies. Each corporation invests 50% of the authorized capital of The Consortium in form of cash investment and/or material assets. The Governance Board of The Consortium will include 6 (six) Directors. All decisions are made by voting of the Board. Each Director has one voice. Each founding corporation of The Consortium appoints 3 Directors. The Board appoints CEO of The Consortium by unilateral vote. The CRO becomes 7th member of The Board with one voice.
Authorized capital
The authorized capital of The Consortium is 10 billion credits. The Appendix A to this document contains the exact list of assets provided by each participating corporation to the authorized capital, and the amount of monetary investment.
Goals and objectives
Now with building of Experimental Hyper Gate in Alberta finished, The Consortium will focus on the following objectives:
- Build the second Hyper Gate at carefully selected site and establish connection between the two Gates.
- Raise 4 billion credits in charges for transportation through the Hyper Gate by providing limited access to military and selected corporate vessels.
Upon successful closure on these objectives, The Board will discuss and set new objectives for The Consortium, or agree to activate Exit Conditions clause (see below).
Exit conditions
When all goals set before The Consortium are met, the Board initiates the liquidation process. All material assets included in the Authorized Capital are returned to their respective owners. All financial assets in The Consortium’s disposal and all possible debt is taken in equal shares by the participating corporations.
Appendix A
Ageira Technologies Assets
- Leduc Station (Alberta system, sector G4) (est. value 4 billion credits)
- 1 billion credits in cash
Deep Space Engineering Assets
- Experimental Jump Gate (Alberta system, sector G3) (est. value 4 billion credits)
- 1 billion credits in cash
Total
10 billion credits in cash and assets estimated value.
Jay Anderson,
Ageira Innovations