IGN: @THCOOL Users Involved in this Contract: @Gmoneyman118 and @DeMacca General Purpose of Contract: @Gmoneyman118 Purchasing 5 shares from "MFE" (@DeMacca and @THCOOL) for $50,000 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: * From now on out, "MFE" will be used as a substitute for both @THCOOL and @DeMacca * - Agree that @THCOOL's role is as followed: THCOOL Bookkeeper Contract Initiator Can accept/deny any share transactions Can suggest stocks for DeMacca to look into Will update the "MFE" thread with all transactions Will keep spreadsheet (once it is ready) up to date -Agree that a 'share' is defined/seen as followed: Investment Value: This will be the share's value in the eye's of us. This value will ALWAYS be $10,000 ECD. This means that no matter what, when you buy or sell shares from us, each share will be valued at $10,000. Market Value: This will be the share's value in the eye's of the player market. This value can and will change. We allow players to sell shares to other players only if it is approved and done through us. This means that if you wanted, you could sell your shares at a higher price of $15,000 ECD rather than back to us at the investment value of $10,000. This can be easy additional profit for the investor. The hope is that if we do well enough and all shares are sold, the only way to purchase shares is through other players. This means that there is a low supply. Now if we do very well (which we fully intent to), then the demand for shares will rise. Low supply plus high demand only means one thing... that is a rise in market value. - Agree to give the option for @Gmoneyman118 to sell back their shares (5) at an investment value of 10k per share (essentially making this a risk-free investment) back to "MFE" only with all of the following criteria having happened: @Gmoneyman118 has requested to sell back their shares (5) to "MFE" 2 months have passed since the initial investment was made Any and all debt to either @THCOOL and/or @DeMacca has been paid in full, if applicable. - Agree to allow @Gmoneyman118 to sell their shares to any other player at any price they wish, however, this sale must be made through "MFE". A small fee of 3% on the market value of the amount of shares being sold will be charged. "MFE" holds the right to deny any player to player trade - Agree that @THCOOL will pay @Gmoneyman118 1% of their current investment value (10k/share) which will be due at the end of every monthly pay period which will begin once the contract is approved. So if @Gmoneyman118 decides to buy/sell a few shares and changes their current investment value, then whatever @Gmoneyman118's current investment value (10k/share) is on that very payment date, 1% of that value will be paid to @Gmoneyman118. After a total of 5 guarantee'd payment months have been made, the guaranteed 1%/month payment shall be revoked and profit will now only be generated solely from the stock market as stated on "MFE's" thread. - Agree that this entire contract shall be voided if all of @Gmoneyman118 shares are sold either to another player, or back to "MFE" The other user(s) involved with this contract must agree to the following terms: @Gmoneyman118 - Agree to send a total of $50,000 in exchange for 5 shares to "MFE" within 24 hours of this contract being approved - Agree to both @DeMacca and @THCOOL's roles: THCOOL Bookkeeper Contract Initiator Can accept/deny any share transactions Can suggest stocks for DeMacca to look into Will update the "MFE" thread with all transactions Will keep spreadsheet (once it is ready) up to date DeMacca Stock analyst Stock Portfolio Holder Will decide which specific stocks to invest in and exactly how much to invest Will decide when to hold/buy/or sell any stocks Will update main post and keep all data on it up to date - Agree that a 'share' is defined/seen as followed: Investment Value: This will be the share's value in the eye's of us. This value will ALWAYS be $10,000 ECD. This means that no matter what, when you buy or sell shares from us, each share will be valued at $10,000. Market Value: This will be the share's value in the eye's of the player market. This value can and will change. We allow players to sell shares to other players only if it is approved and done through us. This means that if you wanted, you could sell your shares at a higher price of $15,000 ECD rather than back to us at the investment value of $10,000. This can be easy additional profit for the investor. The hope is that if we do well enough and all shares are sold, the only way to purchase shares is through other players. This means that there is a low supply. Now if we do very well (which we fully intent to), then the demand for shares will rise. Low supply plus high demand only means one thing... that is a rise in market value. - Agree that the following 3 criteria must be true before any shares (10 total) can be sold back to "MFE": @Gmoneyman118 has requested to sell back their shares (5) to "MFE" 2 months have passed since the initial investment was made Any and all debt to either @THCOOL and/or @DeMacca has been paid in full, if applicable. - Agree to give "MFE" a 7-day max grace period before selling back any shares. - Agree that any shares sold back to "MFE" will be at the constant investment value price of 10k per share. No more, no less. - Agree that the funds used to purchase shares from "MFE" are for the purpose of reinvestment by "MFE" directly into the ECC Stock Trader. - Agree that if @Gmoneyman118 is inactive for more than 3 months at a time then all shares (5) will be forfeited to "MFE" along with any unpaid interest. - Agree that should @Gmoneyman118 owe any money to "MFE", then @Gmoneyman118's shares (5) may NOT be sold back to "MFE" until the debt has been paid in full, however, the shares (5) which has an investment value of $50,000 may be put towards payment of the debt on @Gmoneyman118's request. - Agree that "MFE" has the right to keep their stock portfolio private and does NOT have to reveal what specific stocks they are investing in. @DeMacca will be trading the stocks under his account which will be left on private. - Agree that "MFE" has the right to hold onto any stock for as long as they see fit. If "MFE" believes that it is best to hold on to or sell a stock, then @Gmoneyman118 agree's to let "MFE" do so as they see fit. - Agree that their %1 current investment value (10k/share) payment will be paid within 24 hours of each individual payment date. - Agree that this entire contract shall be voided if all of @Gmoneyman118's shares are sold either to another player, or back to "MFE". The other user(s) involved with this contract must agree to the following terms: @DeMacca - Agree that @DeMacca's role is as followed: DeMacca Stock analyst Stock Portfolio Holder Will decide which specific stocks to invest in and exactly how much to invest Will decide when to hold/buy/or sell any stocks Will update main post and keep all data on it up to date - Agree that a 'share' is defined/seen as followed: Investment Value: This will be the share's value in the eye's of us. This value will ALWAYS be $10,000 ECD. This means that no matter what, when you buy or sell shares from us, each share will be valued at $10,000. Market Value: This will be the share's value in the eye's of the player market. This value can and will change. We allow players to sell shares to other players only if it is approved and done through us. This means that if you wanted, you could sell your shares at a higher price of $15,000 ECD rather than back to us at the investment value of $10,000. This can be easy additional profit for the investor. The hope is that if we do well enough and all shares are sold, the only way to purchase shares is through other players. This means that there is a low supply. Now if we do very well (which we fully intent to), then the demand for shares will rise. Low supply plus high demand only means one thing... that is a rise in market value. - Agree that the following 3 criteria must be true before any shares (10 total) can be sold back to "MFE": @Gmoneyman118 has requested to sell back their shares (5) to "MFE". 2 months have passed since the initial investment was made. Any and all debt to either @THCOOL and/or @DeMacca has been paid in full, if applicable. - Agree to reinvest @Gmoneyman118's investment funds directly into the ECC Stock Trader. - Agree to allow @Gmoneyman118 to sell their shares to any other player at any price they wish, however, this sale must be made through "MFE". A small fee of 3% on the market value of the amount of shares being sold will be charged. "MFE" holds the right to deny any player to player trade. - Agree that @THCOOL will pay @Gmoneyman118 1% of their current investment value (10k/share) which will be due at the end of every monthly pay period which will begin once the contract is approved. So if @Gmoneyman118 decides to buy/sell a few shares and changes their investment value, then whatever @Gmoneyman118's current investment value (10k/share) is on that very payment date, 1% of that value will be paid to @Gmoneyman118. After a total of 5 guarantee'd payment months have been made, the guaranteed 1%/month payment shall be revoked and profit will now only be generated solely from the stock market as stated on "MFE's" thread. - Agree that this entire contract shall be voided if all of @Gmoneyman118's shares are sold either to another player, or back to "MFE". 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
IGN: @Gmoneyman118 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
IGN: @DeMacca 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
