This post contains two contracts.
The Bank of Neoxian shall loan the sum of 45 steem to @kibria365. They promise to repay 51 steem. They shall repay 10.2 steem per week until 51 steem is reached. The first payment shall be on Oct 31st, 2018.
@kibria365 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.
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.
The Bank of Neoxian shall loan the sum of 420 usd to @fknmayhem. He promises to repay 500 usd. He shall pay the Bank each week via powerdowns until 500 usd is reached.
The money amounts are in terms of USD, but are transacted in SBD and/or Steem. The website coinmarketcap.com shall be used to determine the prices for purposes of payment.
@fknmayhem 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.
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.
Please sign below...
(pic from https://media.cntraveler.com)
