[Contract] Investment Agreement

Discussion in 'Denied Contracts Archive' started by Ardent15, Jul 13, 2020.

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  1. Ardent15

    Ardent15 Builder
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    Delta Financial Group

    Shareholder Agreement


    Promisor In-Game Name: @Ardent15

    Promisee(s) Involved in this Agreement: @TankNoodle

    Promisee Rank: President

    Share Purchase Amount* (ECD): $250,000

    Share Quantity: 2,500

    REPORTING

    Delta issues monthly financial statements and earnings reports on the 1st business day of the month. Investors earn a percentage of Delta's profits every month relative to
    their equity in the company. By agreeing below, you acknowledge the aforementioned earnings schedule and agree to provide fourteen (14) days' notice of earnings withdrawl.

    By your written agreement to this contract, you understand you are entitled to a percentage of Delta Group's reported monthly profits or losses relative to your shareholding.

    SHARE DISTRIBUTION

    Subject to the majority approval of voting shares and subsequent forum contract approval, you may sell or transfer shares to a third party. By agreeing below, you acknowledge
    the aforementioned prerequisites for share transfer and understand that transferred shares are still subject to dilution following a forty-five (45) day forum notice to shareholders.

    Delta Financial Group reserves the right to dilute shares following subsequent rounds of capital investment, should a majority of the voting shares approve dilution. Investors will be
    formally notified via public forum post a minimum of forty-five (45) days before share dilution occurs. Should Delta Financial Group fail to meet this obligation, it will be considered
    a breach of contract on the part of the bank. By agreeing below, you are accepting the aforementioned.

    CONFLICTS OF INTEREST

    It is the responsibility of the Promisee to ensure they have informed the Promisor of any stake/interest they have in another financial institution prior to the acceptance of this agreement.

    SHAREHOLDER RESPONSIBILITIES

    By signing below, you understand and accept the risks associated with a capital investment in Delta Financial Group.

    By your approval of this document, you acknowledge that Delta may share your information with partners and other investors for the purposes of financial reporting and internal communications.

    Upon approval of this contract by an EcoCityCraft staff member, you are required to transfer the agreed-upon investment amount to Ardent15 within 72 hours of the approval time.
    Failure to transfer the funds within the allotted time will constitute a breach of this contract.




    * Delta Financial Group is currently raising at a $1,000,000 valuation in round one with an initial 10,000 shares distributed.
     
    #1 Ardent15, Jul 13, 2020
    Last edited: Jul 13, 2020
  2. Ardent15

    Ardent15 Builder
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    I agree to sell 2500 shares to TankNoodle under the conditions above.
     
    #2 Ardent15, Jul 13, 2020
    Last edited: Jul 13, 2020
  3. TankNoodle

    TankNoodle Former Soviet GameAdmin
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  4. iSneaky

    iSneaky This is a local server for local people
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    @Ardent15 @TankNoodle

    I am going to have to deny this contract as quite frankly it is needlessly overcomplicated and there are no clear and enforceable terms to the contract.

    If you still want to go ahead with this trade, please can you use one of the contract templates found in the Sticky sections, or simplify this contract down and add clear, concise and enforceable terms to it. Please take a look here for some contract writing tips
    https://ecocitycraft.com/forum/threads/contract-writing-guidelines-tips.121729/
     
    #4 iSneaky, Jul 13, 2020
    Last edited: Jul 13, 2020
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