INOS recording active.

[FILENAME] secure-meeting-ac415a5

[LOCATION] redex-labs, england-uea

VYTAL - [C.A.] [N.F.] [V.Legal]

REDEX - [H.Y.] [B.N]

14:32:02 - [Meeting begins.]

[C.A.] Ignoring the unrelated issues, we're glad to be talking.

[H.Y] Likewise.

[C.A.] Let's straight to the point. We've reviewed the situation extensively amongst ourselves. We're prepared to offer REDEX [redacted] to acquire a significant portion of it's R&D sector, along with complete acquisition of it's racing division. According to our talks, this deal ensures that REDEX stays operational for the time being.

[H.Y.] This has to be a joke, right? For a small company wanting to buy out a significant sector of REDEX - at this low of a price as well - is absurd.

[N.F.] Sounds like you haven't been doing your research then.

(N.F. slides a business card, along with some documents, towards H.Y.)

[N.F.] Vytal is backed by the Neumann Collective. I'm sure you've heard of them before.

[C.A.] We also have numerous connections with your competition. We're confident with what we have.

[B.N.] Look, it doesn't matter if you have the backing of the elites. You're proposing a temporary patch, and in return, you want to seize our most crucial sector at a fraction of what its worth.

[C.A.] It's crucial, but not functional. We have the data. REDEX has been running losses on it's R&D sector ever since your flow drive incident. We're offering to relive the company of it's burden. It's a lifeline.

[H.Y.] This is insulting. Give me a reason why we shouldn't walk right now.

[C.A.] We don't need to make this deal work if you don't want to. Vytal can handle waiting a bit longer for REDEX to collapse. The same employees will go flocking elsewhere, and we can scoop them up just fine.

[N.F.] It should be flattering that we even considered buying REDEX out in the first place.

14:43:27 - [REDEX representatives discuss with each other.]

[C.A.] Look, we understand how significant the sector is to REDEX, but you need to consider your long-term plan. Without this deal, REDEX won't survive until the next quarter, let alone a year. You have debts closing in, and from what we hear, creditors are getting impatient.

[B.N.] What assurances can you provide that this isn’t a hostile takeover in disguise? Selling this sector will leave us vulnerable. We need guarantees.

[V.Legal] Outlined in the proposal is a stabilization agreement. Our intention is not to strip the sector, but to assume operational control to ensure it doesn't collapse entirely. You will retain branding rights and a minority stake. We want to keep it afloat.

14:51:58 - [REDEX appears hesitant.]

[H.Y.] I hope that you know that this is extortion. However, we don't have many options.

[N.F.] Yes.

[H.Y.] Still, we need more than an extra year. Our board will expect further negotiations on that.

[N.F.] We're open to discussions on future collaborations. But you must understand that the offer on the table reflects the current market, and the reality of your position.

[B.N.] We're still hesitant. Employees and shareholders won't like what this means for the company's future.

15:02:37 - [Both sides are silent as they reflect.]

[C.A.] I don't think you have many options here, to be completely honest. The alternative to this is having to risk complete insolvency within months. It's your call.

15:04:42 - [REDEX executives talk amongst themselves.]

[H.Y.] If this is the only path, we'll convene with our board. Just know that we're not going to roll over easily. Expect more pushback.

[C.A.] We wouldn't expect anything less.

15:07:12 - [Meeting adjourned.]

END OF TRANSCRIPT

INOS | 2780

Note [February 29, 2780]: Two weeks following the meeting, REDEX Advancements agreed to the terms proposed by Vytal, selling off the majority of it's R&D sector, along with it's racing division. The sectors owned by Vytal now go under the name Vytal-REDEX.

Note 2 [June 3, 2782]: REDEX Advancements goes into insolvency.