Date the loan starts: (Day 495 of the New World)
Date the loan ends: (Day 588 of the New World)
Borrower: ArjaaAine
Lender: Quantum Investments Inc. (President is Emilio Sanchez)
The 'Borrower' requests a loan of 50 Gold from Quantum Investments Inc. To be used for Starting a Q5 weapons company - and the name of my company/ organization is Weapons for All (Name subject to change.)
I understand that there is a 8 Gold interest charge attached to this loan, and I agree to pay back the loan plus interest which is 58 Gold, on the due date of this loan - Day 588 of the New World.
The borrower can pay the loan back anyway they wish, as long as the full loan amount is re-payed by the above deadline.
I understand that if the loan balance is not payed back by the above due date. Then a 2 gold interest rate will apply for each week that my loan deadline is passed. If my loan balance is still not payed after 3 weeks have passed since the deadline, then I give the Admin permission to take any money in my account that makes up the balance owed and if there is not enough funds; Then I give ownership of my company "OilEZ Q3" to Quantum Investments Inc.
I, the borrower, also accept the 'Admin fee' of 5 gold, should the Admin need to get involved.
Broken ContractIf Quantum Investments fails to deliver the loan within 2 days of this contract being posted, then the deal is void.
If the citizen requesting the loan does not use the money for the reasons stated above, they die, or get banned. Then they must immediately repay the full loan amount (No interest will be charged) Or if the loan cannot be paid back, then the company which they started must be handed over to Quantum Investments Inc.
If the above Borrower cannot raise the extra gold necessary to start the company stated, then the 50 gold loaned from Quantum Investments Inc. Must be returned and no penalties will be enforced. The contract will be void/ cancelled.
If any part of this contract is changed, then the new agreements must be signed again within 1 day of change. If no signatures are shown, then the contract is cancelled and all gold shall be returned to it's previous owners.
Citizens/ Organizations involved must put "I agree to the Contract terms" below.
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Link to contract:
http://www.erepublik.com/en/forum/topic/90696/loan-contract-between-quantum-investments-inc-arjaaaine/1