Basic HTML Version
KAPPA Consortium on Unconventional Resources – Draft – 7
th
Feb 2011
p9/10
G.2 – Budget
KAPPA does not expect to profit directly from this consortium. KAPPA does seek an
improvement to its software portfolio as result of the consortium. Administrative costs will be
kept to a minimum and the commercialization of the consortium will not be taken from the
consortium budget.
The estimated minimum budget for the consortium is
1,000,000 €
(one million euro). This
represents 800 man-days of development. If the number of participants exceeds ten the
additional budget will be allocated to additional development, preferably within the same
global time frame
Accounting will be transparent. Every quarter consortium members will receive a financial
update detailing the time and money spent per item.
The cost of the participation is
100,000 €
(one hundred thousand euro)
per company
, for
any company joining the consortium before June 30
th
, 2011. This represented US$136,000 on
31
st
January, 2011. To assist member budget allocation this will be split over four equal
payments of 25,000 € scheduled for (1) July 2011, (2) December 2011 or January 2012, (3)
July 2012 and (4) December 2012 or January 2013. For payments (2) and (3) the choice of
the month will at the discretion of individual consortium members.
Late participation will be possible after July 1
st
, 2011, for 125,000 € (one hundred and twenty
five thousand euro). KAPPA will however have the right to waive the penalty for companies
bringing specific experience and/or data to the consortium.
G.3 – Opt out option
We are confident that we will do what it takes to satisfy all consortium members. However, if a
member is not satisfied by the developments of the consortium it will have the possibility to
opt out of it by formally notifying KAPPA before the date of the next scheduled payment:
December 31
st
, 2011; June 30
th
, 2012 and December 31
st
, 2012.
No further payment will be due. However KAPPA will not reimburse past contributions and the
company opting out of the consortium will lose all benefits linked to its participation including
continued use of the software (operational prototypes or commercial releases) specifically
developed as a result of the consortium.
G.4 – Deliverables
Members of the consortium will have access to operational prototypes of our developments.
These prototypes will be delivered for validation only, not for commercial purpose as they will
not have gone through the systematic QA/QC applied to our commercial releases.
Commercial releases will also be available on a regular basis. A specific flag will be added to
the software licenses of the consortium members. Any commercial license of Saphir NL,
Topaze NL and Rubis owned by consortium member will get this additional flag, allowing the
operation of the exclusive developments of the consortium.