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Where did you get GOF download from?  The first module errors make it appear you have overwritten them with something from the original game, which is written in DirectX 8 and none of them will work.  The evidence for my guess is that it is attempting to load modules that do not exist in Maelstrom: CameraDialog.dll, net.dll, DX8RENDER.dll, SCRIPT_LIBRIARY.dll; the final tally should only be 44 loaded.  That would also explain all the shader errors too, because DirectX 9 will not be able to compile some of the shaders for DirectX 8.

Also, even if you remove and replace the correct .dll modules/techniques folder, if you are using Program script files from old GOF, Maelstrom will not be able to compile them correctly and will also fail.  You must obtain a clean download from here:  https://chezjfrey.itch.io/gentlemen-of-fortune-12

Do not add or overwrite anything else from another GOF download.

The first attempts were made using base game + GOF 1.2 full release 1.0 patch from MODDB. 

2nd attempt was made using just the 1.2 full release from MODDB without anything added but the Start.ini. (no base game)

I didn't know Maelstrom relies on a very specific version of GOF. My internet is really slow so it may take some time to get the version you suggested. Thanks for the help. 

Oh, actually the very first attempt was made using GOF 1.1 or 1.12 over base game. I've lost track of how many different versions and combinations I've tried. My desktop is covered in Maelstrom shortcuts lol.