PARTIES
@msp-makeaminnow - MSP Make A Minnow contest (MaM), represented by the Founders.
@eturnerx - Lender and MaM First Sponsor
BACKGROUND
MaM is a long-running contest that awards deserving community builders with an SP delegation and other prizes. MaM is governed by Founders and operated by the MSP-Organizers.
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.
This agreement is for the Lender and First Sponsor to lend 2,000 MAXUV tokens to MaM on a no-fee, return-on-demand basis.
TERMS
- The Lender to transfer 2,000 MAXUV tokens to @msp-makeaminnow for an indefinite timeframe
- MaM agrees to hold the MAXUV tokens within the @msp-makeaminnow account and not transfer, sell or otherwise dispose of the MAXUV tokens.
- MaM agrees to continue running regular contests in a similar manner to those in the past and act in accordance with PAL principles.
- MaM agrees that the @msp-makeaminnow account posts only about MaM contests and does not resteem
- MaM agrees to return the 2,000 MAXUV tokens to @eturnerx within 72 hours of an ending condition which are:
- A return demand notice being sent by the lender
- MaM has had no regular contest beginning for a 60 day period, or intents to cease running regular contests
- There has been no communication from the Lender for 180 days.
- A return demand notice will ordinarily be sent to the MaM Founders chat room on the PAL Discord server, but may also be delivered to any MaM Organizer or Founder.
- While the Lender holds the necessary keys to execute the return of the MAXUV tokens themselves, the Lender agrees to not take the MAXUV tokens back without first delivering a return-on-demand notice and the 72 days have elapsed.
- The exception is if the Lender has reason to believe that the MAXUV tokens may be transferred, sold or otherwise removed from the @msp-makeaminnow account.
- If this occurs then the Lender will return the MAXUV tokens, and this agreement resumes, once the Lender is satisfied that the MAXUV tokens will be securely held by the @msp-makeaminnow account in accordance with the intent of this agreement.
- If the Lender remains unsatisfied regarding the secure holding of the MAXUV tokens for 48 hours then the Lender may submit a return demand notice, which upon expiry this agreement will end with the tokens remaining with the Lender.
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. MaM is represented by the agreement of three Founders.