[Loan Contract]

IGN:
Solstice18

Users Involved in this Contract:
RyuketsuSentoki

General Purpose of Contract:
A safe loan of money

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 will give RyuketsuSentoki $60k ($60,000 Ecodollars)

The other user(s) involved with this contract must agree to the following terms:
RyuketsuSentoki will repay based on the following terms:
1: Beginning the day after receipt of the money, an interest fee of 3% will accrue each day it is not paid back.
2: the 3% rate will continue until 2 weeks from this date (June 12th) to (June 26th) At June 26th the total loan amount due will be approximately $85,200 Ecodollars
3: if the loan is not paid in full on or before June 26th, a late fee of 8% per day will be charged for the next week (until July 3rd)
4: if the loan is not paid back in full by june 3rd this contract will be seen as in default.

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