STAKEHOLDER PORTAL / PROJECT RED MESA
Project Red Mesa — Legal
Hollis & Crane LLPFICTIONAL · SPV counsel; Quillfield in-house counsel; Hydra legal
01 / MY NEXT STEP
MSA redline round 2 (credit support, assignment, no termination for convenience)
openDUE JAN 6
02 / WHAT WE NEED FROM YOU
2 open actions
T14MSA redline round 2 (credit support, assignment, no termination for convenience)
T15Insert RFS/acceptance definition clause
03 / WHAT CHANGED
Since your last visit
DECISION #5
Colo term = 3 years + 1 renewal (≥ offtake term)
DECISION #6
3-mo prepay + parent guarantee instead of 20% LC; +100 bps accepted (Quillfield pending)
ACTION PLAN
Your action plan
T14MSA redline round 2 (credit support, assignment, no termination for convenience)
Hollis & Crane LLP · Gate A
T15Insert RFS/acceptance definition clause
Hollis & Crane LLP · Gate A
SHARED DEAL STATE
Deal status
GATE ACommercialblocked
GATE BCapitalnot started
GATE CSite / colopassed
GATE DAcceptancenot started
CONTACTS
Your contacts
Your teamSPV counsel; Quillfield in-house counsel; Hydra legal
Hydra AI FactoryMatthew D., AI Factory lead
DELIVERY MILESTONES
Key dates
SHIP DATE · SUPERMICROFri Jun 4, 2027
READY-FOR-SERVICE · RANGEJul 12 – Aug 2, 2027
SHIP ≠ RFSShip Jun 4 → Dock Jun 14 → Rack & stack Jun 15–25 → Burn-in Jun 28–Jul 5 → Acceptance Jul 9 → RFS Jul 12–Aug 2.
REDLINE / SIGNATURES
Gate-critical clauses
Credit support · assignment to SPV/lender · no termination for convenience · RFS/acceptance definition · SLA credits back-to-back with colo.
NDAsigned
Colo Agreementsigned
Term Sheetin redline
MSAdraft
Loan Agreementnot started
SHARED REPOSITORY
Your documents
Hidden from this view: Other parties’ agreements beyond own, internal margin and negotiating notes.