[Contract] Eff 7

IGN:
Fleetfooter
Users Involved in this Contract:
DiamondDesire
General Purpose of Contract:
Safe Efficiency 7 Pickaxe Rental.
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 will give DiamondDesire my Efficiency 7 Unb3 SilkTouch1 Pickaxe to use until 6:00 pm EST on November 16, 2013 after being paid 7.5k. After the time is up, he will give the Eff7 Unb3 Silktouch1pickaxe back.
The other user(s) involved with this contract must agree to the following terms:
1. DiamondDesire will NOT break the pickaxe.
2. DiamondDesire will NOT lose the pickaxe.
3. Each transfer of the pickaxe for e-repairs MUST be through a chest.
4. The transfer of the pickaxe from myself to him and him to myself MUST be through a chest.
5. DiamondDesire will not sell the pickaxe.
6. DiamondDesire will pay me 7.5k ECD.
If any of these 6 rules are broken, or my Efficiency 7, Silk touch 1, Unbreaking 3 Pickaxe is not returned at 6:00 pm EST of nov16, 2013, DiamondDesire will have 2 weeks to pay 700k ecd or a new Eff7, Silk1, Unb3 Pickaxe to me.
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.Yes.