[Contracts] A loan to Matrix_rep

Discussion in 'Approved Contracts Archive' started by luccowarleo, Apr 20, 2017.

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  1. luccowarleo

    luccowarleo Owner of the Bank of Babylon
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    IGN:
    @luccowarleo

    Users Involved in this Contract:
    @matrix_rep

    General Purpose of Contract:
    I will give @matrix_rep a 1 million loan, and @matrix_rep will pay back 1.18 million in 6 weeks.

    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, @luccowarleo agree to send 1,000,000 eco dollar to @matrix_rep within 1 hour after the contract is approved.

    The other user(s) involved with this contract must agree to the following terms:
    @matrix_rep agrees to the following terms:
    @matrix_rep will pay @luccowarleo 1,180,000 eco dollar within 6 weeks after received 1,000,000 from @luccowarleo.
    @matrix_rep agrees to pay @luccowarleo a late fee of $10,000 per day up to $100,000 if @matrix_rep couldn't pay the total amount of $1,180,000 in time.


    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, I agree.
     
  2. matrix_rep

    matrix_rep Runner Up in BB20
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    IGN:
    @matrix_rep

    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
     
  3. strongpelt

    strongpelt ~*Alaskan Sponsor*~
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    Contract looks good! Remember to screenshot all transactions!

    Contract locked - Approved.
     
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