This post contains two contracts.
The Bank of Neoxian shall loan the sum of 100 steem to @sthitaprajna. He promises to repay 110 steem. He shall pay 22 steem per week until 110 steem is reached. The first payment shall be on 2018-05-14.
The Bank retains the Owner key of @sthitaprajna and shall return it when this loan is complete.
The Bank of Neoxian shall loan the sum of 200 SBD to @ionutciobanu. @ionutciobanu promises to repay 230 SBD.
@ionutciobanu shall pay 57.5 SBD per week until 230 SBD is reached. The first payment shall be on 2018-05-06 .
@ionutciobanu shall hereafter be known as the lendee..
To insure payment of this loan, the lendee promises to hand over their Owner key to the bank. The bank will give back new active and posting keys to the lendee. The lendee affirms that the owner key is given voluntarily and their account is 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 and keep it private, this does not constitute of breach of contract.
Owner key will be returned upon successful completion of loan.
(pic from http://blog.muscle-zone.pl)
Hey Steem, what are you a genius in?