Eff7 on a payment plan @RaginDevonian

IGN:
@DiamondDesire

Users Involved in this Contract:
@RaginDevonian

General Purpose of Contract:
Safety of the sale of an Efficiency 7 pickaxe to @RaginDevonian on a 9 week payment plan ID: #IGCZHWN7

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 @DiamondDesire agree to give @RaginDevonian my efficiency 7 pickaxe within 1 hour of this contracts approval
• I @DiamondDesire agree to give the ownership of this efficiency 7 pickaxe once @RaginDevonian has paid the full amount owed on the pick. This includes late fees.

The other user(s) involved with this contract must agree to the following terms:

• @RaginDevonian agrees to take responsibility for anything that happens to the efficiency 7 within his possession. If the pick is broken or lost,@RaginDevonian will continue on his payment plan.
• @RaginDevonian agrees that if he is late on any weekly payment, 10k per day will be charged for every day late for the tool.
  
• @RaginDevonian agrees that if he is over 1 week late with a weekly payment,@DiamondDesire has the contractual right to claim the efficiency 7 pick back without refund for prior payments.
• @RaginDevonian agrees that he will pay a 100k upfront fee for the pick with an additional 120k per week for the next 9 weeks totaling 1.18mil including upfront payment. If the pick is not paid off by the end of this payment period, March 4th, 2016,@DiamondDesire reserves the right to reclaim the pick without a refund.
• @RaginDevonian is not allowed to rent out or sell the pick to anyone during this payment plan.
• @RaginDevonian agrees that if any of the clauses of this contract are broken, a complaint will be filed and the staff team will take due action.

Dates are as followed.

Upfront payment - 100k [1/1/15]

8/1/16 - 120k
15/1/16 - 120k
22/1/16 - 120k
29/1/16 - 120k
5/2/16 - 120k
12/2/16 - 120k
19/2/16- 120k
26/2/16- 12ok
4/3/16- 120k

Sign is located at /warp anime in legacy. Cords: x: -4271 y: 110 z: 3127

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