IGN:
@THCOOL
Users Involved in this Contract:
@appleprocucling
General Purpose of Contract:
Investing $800,000 into the Vault of ECC (@appleprocucling investing with @THCOOL)
I (the contract initiator) agree to the following terms, and agree that my failure to complete such terms will result in a breach of contract, as outlined in Rule 3:
I agree to the following terms:
- Agree to pay out 40% of all profit generated with the invested money. This will mainly be sourced from interest rates. @appleprocucling will have this profit noted down and can be withdraw at any time, with a 24 hour grace period.
- Agree to have the full deposit/investment amount available within 7 days after a withdraw is requested AND after the 2 month locked period IF no loans are currently active and using this money.
- Agree to inform @appleprocucling of all payments made with the money and be 100% truthful to the best of my knowledge about what I am doing with it, and how much profit I make so I can give @appleprocucling a fair 40% portion. This will be done via both a forum PM and a Google Sheets spreadsheet, occasionally updates will be posted on the Vault of ECC forum thread.
- Agree that in the case of me being scammed out of the investment that I will still return 100% of the deposit out of my own funding. This gives @appleprocucling essentially a risk-free investment.
The other user(s) involved with this contract must agree to the following terms:
@appleprocucling agrees to the following terms:
- He must send a total of $800,000 ECD to @THCOOL within 24 hours of this contract being approved.
- Agrees to not file a complaint or request the initial deposit back for a total of 2 (two) months, making the funds 'unlock" on the 10th of April 2016.
- Agrees that if he is inactive for more than 4 months at a time then the funds will be forfeited to @THCOOL along with any unpaid interest.
- Agrees that @appleprocucling is not guaranteed to make a profit on the deposit
- Agrees to allow a 7 day grace period upon requesting the funds to be withdrawn (after the unlock date). This allows @THCOOL to gather the full deposit amount and interest. Assuming no loans are currently active with the money.
- Agrees that @appleprocucling will only receive interest on loans that his money actively contributes towards. Loans sourced via other funding methods will not count towards his ROI (return on investment).
I agree that the terms in this contract are subject to all of EcoCityCraft's rules, including the rules listed specifically in this forum. I understand that the contract may be affected by future changes in EcoCityCraft rules and server updates, and I accept that due to the possibility of such changes, this contract may be at my own risk. I understand that the contents of this contract are subject to staff assessment, review and approval before it is a binding contract under EcoCityCraft rules. I accept that action may not be taken in case of a breach of contract if appropriate and sufficient evidence is not provided of such.:
I, @THCOOL agree.
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appleprocucling Ex-GameAdminBuilder ⛰️ Ex-EcoLeader ⚜️⚜️⚜️ Premium Upgrade
IGN:
@appleprocucling
I, as another party to this contract, agree to the terms laid out for me to uphold, and understand that failure to complete such terms will result in a breach of contract:
Yes -
Everything looks great! Remember to take screenshots where necessary!
Contract Accepted.
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