This document is superseded in its entirety by Provisional Incorporation Documents, and retained at this location for historical purposes only.
Provisional charter for the new ISP entity follows. I'll leave this open for commit a bit longer before we ink it.
This agreement is entered into by BingoBoingo (identified by GPG fingerprint ADD7 A9A2 8F85 E5EF 1F51 904F 309B B8D7 F325 1143), asciilifeform (identified by GPG fingerprint 1721 5D11 8B72 3950 7FAF ED98 B982 28A0 01AB FFC7), mod6 (identified by GPG fingerprint 027A 8D7C 0FB8 A166 4372 0F40 7217 05A8 B71E ADAF) and ben_vulpes (identified by GPG fingerprint 1D02 5EF0 42F9 A50A 7159 C01C F6AC 75A1 CE34 15E4), the latter two representing The Bitcoin Foundation as well as themselves.
asciilifeform and The Bitcoin Foundation will act as the board (The Board) and management of what heretofore was known as The BingoBoingo ISP and henceforth Pizarro ISP in a complete takeover. Should any of the three members of the board withdraw or fail to meet their obligations, this entity shall terminate, liquidate, and fly BingoBoingo home with 0.25 BTC in parachute.
As The Bitcoin Foundation has been graciously endowed by The Most Serene Republic, and the state of emergency continues with only incremental progress, mod6 and ben_vulpes have extended 5 BTC of The Bitcoin Foundation's capital in credit to further start-up and operating costs associated with taking over the ashes of BISP and bringing a new venture to profitability. asciilifeform will match the Foundation's capital 1-to-1. Pizarro's management shall determine whether to use revenues to minimize drawing on the line of credit or to make payments on existing debt notes; and when making payments such shall be made on all notes, proportional to their sums. All such payments made to The Bitcoin Foundation shall accrue solely to The Bitcoin Foundation.
Including estimated wire costs, the outstanding DC liability sits at 61615.26 USD; payroll costs to retain BingoBoingo's services, to ensure a usable work environment, pay local taxes etc, for the duration of the contract total 38,434 USD; both sum to 100,049.26 USD. At current FX rates the new entity's BTC capitalization comes to ~108K USD. Under the exigencies of ensuring continued operation, The Board undertook to fund March datacenter and payroll bills; February's statement shall reflect these charges.
* asciilifeform shall preside over electronics and software, and provide detailed instructions for technical tasks.
* ben_vulpes shall provide business management, and serve as primary allocator of resources including staff time.
* mod6 shall provide moral direction and manage customer relations.
* BingoBoingo shall continue on as hired hands under the management of ben_vulpes and technical direction of asciilifeform's, providing a persistent local presence, working on behalf of Pizarro ISP in Montevideo, and flogging shared hosting on the web at large
asciilifeform and The Bitcoin Foundation shall each enter the venture with a 50% ownership stake; the managing partners shall make decisions within individuals' domains at their discretion and between and across domains through argument and (dis)agreement.