—Parties

A bilateral framework, prepared by Causara.

The framework rests on the signed Co-GP document of 4 April 2026 between Hydra Capital, Kardeshev Capital, and CEI, and on the GP economics matrix agreed in principle among the three parties.

Issuer

Causara

Consolidated holding company for the institutional AI infrastructure financing platform. Holds Intelligence (causal AI platform), Advisory (research and consulting), and HoldCo, which holds one third of Claymont Equivator Infrastructure.

Recipient

Kai Golden

Bilateral counterparty for the participation framework. Selection of one of the four tiers, agreement to the deferred payment mechanism for Tiers 2 through 4, and confirmation of the maximum cheque within the tier.

Author

Aleksander Meidell-Hagewick

Causara strategy. For questions on the methodology or the underlying assumptions, contact the Causara strategy team directly.

Hydra Compute Capital Co-GP

Per the 4 April 2026 signed Co-GP document. Hydra and Kardeshev together hold 70% of the GP entity; CEI holds 30%. The Causara participation framework provides Kai with indirect exposure to CEI's 30% co-GP share through HoldCo (Tiers 1 to 3) or direct exposure to the full Causara platform (Tier 4).

Co-GP party

Hydra Capital

Brokkr operating platform, asset operations, capital origination (NA institutional and family office).

GP share

35%

Co-GP party

Kardeshev Capital

Structured debt architecture, capital origination (NA institutional and family office).

GP share

35%

Co-GP party

CEI

Institutional capital origination via Luxembourg and Singapore feeders. Sovereign and strategic counterparty relationships, including HUMAIN AI and MCIT engagement.

GP share

30%