Dear All,
Thank you for your comments and suggestions on the draft Consortium Agreement, but I would like to point out that not all of them have been included in the (hopefully) final clean version, which is attached
to this e-mail. I also attached the previous version, so you can compare them.
Some remarks:
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Section 7.1.1., last paragraph: We don’t see the second part of the sentence necessary for two reasons: The provisions of payment are detailed in Section 7.3.1 and the same part of STAR I CA does
not contain any more either.
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Section 7.3: We modified the schedule plan slightly, the pre-financing amount would be distributed in a proportion of 20%-40%-20%-10%-10%. The first payment would be made without delay after the
CA is signed by all of us, then the second payment would follow in December 2018, so by the end of this year already 60% of the pre-financing amount would be distributed. If we would distribute the amount in 5 equal instalments, the Partners would receive
only 40% of the pre-financing amount by the end of the year. We insist on this method and we hope you can accept this it as well. You can find the payment schedule plan at the end of the CA (Attachment 2).
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Section 8.2: Modified according to David’s suggestion.
Please review the CA for the last time. Our President can sign the CA on Thursday (he is out of office until then) and then we will send the document to VUB by post.
Other:
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@ Everyone: If you have nominees for the External Advisory Board, please give us their names and contacts a.s.a.p.
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@Everyone: Please give me your feedback on deliverable D1.1 (Minutes from the KOM) until 27 September. It should have been uploaded until 31 August, but as it would of course not be possible, I
made a comment in the PP about the situation stating that the minutes will be uploaded a.s.a.p.
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@ István / Lina: Could you please urge your designer a little bit to design the logo a.s.a.p. I would like to put the logo on D1.1.
Thank you.
Best,
Gábor
P.S. Photos from the KOM are enclosed as well.