IGN: @myminecrafter01

Users Involved in this Contract: @Mochocrap

General Purpose of Contract: Outlay the terms of a loan repayment.

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:
- Will transfer $500,000 ecodollars to @Mochocrap within 1 hour of contract approval.

The other user(s) involved with this contract must agree to the following terms:
- Will pay @myminecrafter01 $500,000 ecodollars, plus 10% of the original loan amount (10% of $500,000) per week taken to pay off the loan, before 14/August/2015.

Payment timeline:
Fully paid before 31/July/2015 - total amount owed $550,000.
Fully paid before 7/August/2015 - total amount owed $600,000.
Fully paid on or before 14/August/2015 - total amount owed $650,000.

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 agree.