October 2026 · 30 Angels LLC · Bridge financing
DRAFT — FOR REVIEW. NOT FOR TRANSMISSION.
Date: October 2026 · Borrower: 30 Angels LLC, a Florida limited liability company
Corridor is software and settlement infrastructure for physical energy trading desks. The platform has two functions: (1) trade support — market analysis, legal and contracting, shipping and logistics, refinery feedstock analysis; and (2) transaction processing and settlement automation. The build starts with the most concrete opportunity: piped gas from Russia (Gazprom) to Turkey (BOTAŞ), where trades still settle through largely manual processes.
The operating structure is UK-led. Trade Corridor Ltd (UK) will lead the software programme with SEIS/EIS funding; a Turkish operating company will handle settlement under a phased rollout gated on a written sanctions opinion before any settlement activity. 30 Angels LLC, an existing Florida LLC, is the build vehicle funding the Phase 1 development.
BOTAŞ's two Gazprom contracts — roughly 22 bcm per year — expire at the end of 2026, and 2027+ volumes and duration have not been agreed. Turkey imports roughly 52 bcm of gas per year across a fragmenting contract architecture (private importers' Gazprom contracts run separately to 2043). Renegotiation and supply diversification are increasing the operational burden on trading desks — which is the demand the platform is built for. The window to build corridor infrastructure is open now, not in two years.
Phase 1 (months 1–3) of the build costs $152,000: a $105,000 engineering consulting engagement on 30-day early-payment terms, the Mac Mini compute cluster, networking, legal, and organizational expenses. The bridge raise is $100,000–$150,000 from two to three lenders, funding the Phase 1 build alongside the Borrower's own capital. It is explicitly bridge financing — the longer-term capital (UK SEIS raise, property refinancing) follows.
Each lender lends $50,000 to 30 Angels LLC under a Promissory Note and Success Fee Agreement (the full draft, I028, is available alongside this memo):
Repayment comes from the first of: (a) refinancing of the Guarantor's UK investment properties — mortgages of approximately $200,000 per property must be settled first, so this is a later-2027 source; (b) the closing of a SEIS qualifying investment in Trade Corridor Ltd targeted early 2027; or (c) maturity at month 12. If neither (a) nor (b) has occurred before maturity, the full $100,000 is due at month 12, backed throughout by the personal guarantee (if required by lender).
30 Angels LLC is an existing Florida limited liability company. The Managing Member is its sole member; no membership interests are being issued and no operating agreement amendments are contemplated — the lenders participate purely as creditors.
This is an early-stage venture. The platform is in development; there is no revenue. Repayment depends on the sources described in §5, and the personal guarantee (if required by lender) is the ultimate backstop. A lender should be prepared for the possibility of delayed repayment or total loss.
This memo is for informational purposes only and does not constitute legal or financial advice. Any securities described herein are offered only pursuant to an exemption from registration under Rule 506(b) of Regulation D. Any lending or investment involves risk, including total loss.
Borrower: 30ANGELS LLC, a Florida limited liability company
Guarantor (if required by Lender): Steven Redman, individually
Lender: _________________________
Principal Amount: $50,000.00
Date: ___________, 2026
FOR VALUE RECEIVED, Borrower promises to pay to Lender the principal sum of Fifty Thousand Dollars ($50,000.00), together with interest thereon at the rate of eighteen percent (18%) per annum, simple interest, on the unpaid principal balance from the date of funding until paid in full.
The entire unpaid principal balance, together with all accrued interest, shall be due and payable on the twelve (12) month anniversary of the date of funding (the "Maturity Date").
In addition to principal and interest, Borrower shall pay Lender a success fee of Forty-One Thousand Dollars ($41,000.00) (the "Success Fee"), payable on the earlier of:
The Success Fee is a contractual fee for the Lender's participation in this bridge financing and is not interest.
The aggregate amount payable to Lender under this Agreement (principal + interest + Success Fee) shall be One Hundred Thousand Dollars ($100,000.00), assuming full 12-month term.
Borrower may prepay this Note in whole or in part at any time without penalty. Any prepayment shall be applied first to accrued interest, then to principal. The Success Fee remains payable in full on prepayment.
The proceeds of this loan shall be used for Phase 1 development of the Corridor trading-desk platform, including engineering consulting, hardware, legal, and related organizational expenses.
If the Lender requires a personal guarantee, Guarantor hereby irrevocably and unconditionally guarantees the full and timely payment of all amounts due under this Agreement, including principal, interest, and the Success Fee. This is a guarantee of payment, not merely of collection. If the Lender does not require a guarantee, this Section 7 does not apply.
Borrower shall be in default if (a) any payment is more than fifteen (15) days past due, (b) Borrower becomes insolvent or files for bankruptcy, or (c) Borrower breaches any material provision of this Agreement. Upon default, Lender may declare the entire unpaid balance immediately due and payable.
Nothing in this Agreement confers upon Lender any membership interest, voting right, or management participation in Borrower. Lender is a creditor only.
This Agreement shall be governed by the laws of the State of Florida.
This Agreement constitutes the entire understanding between the parties with respect to the subject matter herein.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.
BORROWER:
30ANGELS LLC
By: _________________________________
Steven Redman, Managing Member
GUARANTOR (if applicable):
_____________________________________
Steven Redman, individually
LENDER:
_____________________________________
Name
DRAFT — This document is a draft for discussion purposes. It does not constitute legal advice.