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CPA Shareholder Protection Agreement
Customer: BitcoinINV <drkowalczewski@mailccc.net>
CPA Agents: usagi (tsukino)
DATE: August 10th, 2012


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A. GLBSE Shareholder Protection Agreement
1. Parties are Daniel Ray Kowalczewski ("BitcoinINV") and his
   business ("the business"), CPA ("CPA") and the GLBSE
   shareholders of the business ("the shareholders").
2. CPA will insure shareholders by paying out on behalf of
   the business should the business become unable or unwilling
   to fufill the terms of it's contract (see section C).
3. CPA will not be liable for losses greater than the value
   of the funds held in trust; all other liabilities are the
   sole responsibility of the business.
4. No party may cancel this contract although any party may
   choose to accelerate their obligation at any time.


B. Payment of Premium
1. The business will contrinute one bitcoin (or more) per week
   to a trust account operated by CPA.
2. The payment address is [13pou6J1pyVTMcjUXEhK4LQL8nwWrvzmhh]
   ("CPA Account #16 (BitcoinINV Trust Account)").
3. The first week of coverage is 2012 Week #34 (August 19th to
   August 25th).


C. Indemnification Procedure
1. If the business breaks the terms of their contract without
   reparation, CPA will pay the value of the trust account to
   the shareholders of the business on behalf of the business.
2. A period of 30 days will be allowed for the business to
   respond and make reparations before paying out on any
   default event.


D. Expiration Clause
1. If there is no default event prior to August 15th, 2013, CPA
   will contact the customer and/or the business and request
   guidance; the options will be:
   1. to extend coverage,
   2. to release the trust account to the business,
   3. to release the trust account to the shareholders
      (as a special dividend).
2. The guidance will be published on the CPA website for a
   period of 30 days before actoin is taken on that guidance.


E. Insurability (This is the "Fine Print")
1. Indemnity
   The insurance company indemnifies, or compensates, the
   shareholders in the case of certain losses only up to the
   lower of the shareholder's interest and the trust amount.
2. Insurable interest
   The shareholders must directly suffer from the loss; the
   sharegholders have a "stake" in the loss or damage to the
   assets insured.
3. Utmost good faith
   The business is bound by a good faith bond of honesty and
   fairness. Material facts must be disclosed.
4. Contribution
   Insurers which have similar obligations to the insured
   contribute prior to any contribution by CPA.
5. Causa proxima, or proximate cause
   The cause of loss (the peril) must be directly related to
   the breaking of the business's contract for financial gain
   at the shareholders' expense.
6. Mitigation - Before, and in case of any loss or casualty,
   the business must attempt to keep the loss to a minimum, as
   if the asset was not insured.


F. DISPUTE RESOLUTION
1. Any controversy or claim arising out of or relating to this
   contract, or the breach of this contract, shall be settled
   by binding internet arbitration at judge.me in accordance
   with the judge.me arbitration agreement. The arbitrator's
   decision shall be final and legally binding and judgment may
   be entered thereon.
2. The business must indemnify (make whole) CPA's incurred
   legal fees if they lose their claim, limited to the amount
   required to be paid by CPA to judge.me.
3. All judge.me fees related to this contract must be paid in
   bitcoins.


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