DELEGATION AGREEMENT FOR MaxUV

PARTIES
@rycharde - Founder and Manager
@eturnerx - Delegator

BACKGROUND

The MaxUV (MAX UpVote) System is a multi-account based automated daily post upvoter for the STEEM blockchain. The steem-engine tokens called MAXUV represents vote bonds for the MaxUV System. MaxUV functions similarly to MAPX and MAPXV but differing in that MaxUV allows for millions of vote bonds to be issued.

This agreement is for an initial delegation of 10,000SP from the Delegator to provide initial seed funds to MaxUV in return for agreed benefits.

TERMS

1. The Delegator to delegate 10,000 SP to the MaxUV system.
2. The Manager to receive 10,000 MAXUV tokens and the Delegator receives 5,000 MAXUV tokens.
3. The Manager is to run and administer the MaxUV system with due care to preserve the orderly running and good reputation of the system.
4. The Manager and Delegator will receive, in STEEM, half each of 20% of the author and curation rewards earned by the MaxUV system. Disbursements under this clause to be made by the Manager at least once per month.
5. When the amount of issued MAXUV tokens reaches 500,000, then the Manager will receive 2% of any subsequent token issues, and the Delegator will receive 1% of the subsequent token issues - both to be issued in MAXUV tokens.
6. The Delegator has no involvement in the day-to-day operation of the MaxUV system but may provide advice when asked.
7. The Delegator must maintain the delegation until the amount of SP held by the MaxUV system reaches 50,000SP, and then the Delegator may begin Undelegation. The undelegation schedule is 100SP undelegated per 1,000SP held in the MaxUV system accounts greater than 50,0000 SP.
8. If delegation is removed or reduced, except as allowed above, then the Manager will notify the Delegator and the Delegator then has 72 hours from the time of the Manager's message to bring the delegation up to the correct level. In the event the delegation is not reinstated to the correct level within 72 hours then the Manager may terminate this agreement, and the Delegator then loses all future benefits and any pending payments. If delegation was reduced/removed before 12:01am 1 Sept 2020 UTC and not remedied as above then the Delegator must also return all of the 5,000 MAXUV tokens issued at the start of the project. The current method for serving notice is via DM on Discord.

DISPUTES

In the event of a dispute, the parties will first attempt to resolve the matter between themselves, and if not resolved, mediation and if not resolved then arbitration. Mediators and arbitrators are to be mutually agreed.

SIGNATURES

The parties signify their acceptance by commenting "I agree" in a comment to this post.