The Glider Gun Bank of Neoxian: daily contracts: 2019-03-04

neoxian (70)in #bank • 5 years ago (edited)

This post contains two contracts.

The Bank of Neoxian shall loan the sum of 400 usd to inspiredgideon1. (inspiredgideon1#0253 in discord, @inspiredgideon1 in whaleshares, @inspiredgideon1 in Steem). He promises to repay 460 usd. He shall pay 115 usd per month until 460 usd is reached. The first payment shall be April 4th, 2019.

Note, the Bank will pay 400 usd to the Steem account of @inspiredgideon1.

The money amounts are in terms of USD, but are transacted in Steem, SBD, Wls, or other crypto. The website coinmarketcap.com shall be used to determine the prices for purposes of payment. The Rudex exchange shall be used to determine the price of Wls for purposes of repayment.

@inspiredgideon1 shall offer up his whaleshares account @inspiredgideon1 for this loan.

@inspiredgideon1 shall hereafter be known as the lendee…
To insure payment of this loan, the lendee promises to hand over their Owner key(s) to the bank. The bank will give back new active and posting keys to the lendee. The lendee affirms that the owner key(s) are given voluntarily and their account(s) are not stolen. They promise not to initiate the Stolen account recovery procedure.
The lendee agrees that if the Bank decides to change the active key(s) and keep them private, this does not constitute of breach of contract.
Lendee also consents to Bank changing the trustee if the Bank so chooses.
The Lendee promises not to power down the account(s) to the point where the collateral would be less than the owed value, or if it is necessary to powerdown to pay the loan, then the full powerdown should go to the bank.
Owner key(s) will be returned upon successful completion of loan.

The Bank of Neoxian shall loan the sum of 200 steem to @swapsteem. He promises to repay 220 steem in four weeks time.

@swapsteem shall hereafter be known as the lendee…
To insure payment of this loan, the lendee promises to hand over their Owner key(s) to the bank. The bank will give back new active and posting keys to the lendee. The lendee affirms that the owner key(s) are given voluntarily and their account(s) are not stolen. They promise not to initiate the Stolen account recovery procedure.
The lendee agrees that if the Bank decides to change the active key(s) and keep them private, this does not constitute of breach of contract.
Lendee also consents to Bank changing the trustee if the Bank so chooses.
The Lendee promises not to power down the account(s) to the point where the collateral would be less than the owed value, or if it is necessary to powerdown to pay the loan, then the full powerdown should go to the bank.
The Lendee agrees this contract remains valid regardless of any flags this contract post might receive.
Owner key(s) will be returned upon successful completion of loan.

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