Title: pleased
Post by: usagi on August 10, 2012, 05:48:22 PM
pleased
Title: Re: [CPA] Account #16 (BitcoinINV) Bitcoin Mining Investments
Post by: BitcoinINV on August 10, 2012, 06:16:25 PM
Hello! Serena here. CPA is pleased to announce the signing of Account #16 with BitcoinINV (Bitcoin Mining Investments). This contract will be issued publicly and will also be available on the CPA website (shortly) at http://www.tsukino.ca/cpa/customers/account-16/ (http://www.tsukino.ca/cpa/customers/account-16/) for your perusal. Local rules: Please do not post in this thread until BitcoinINV has quoted the contract and this quote has been confirmed by usagi. Thanks! -----BEGIN PGP SIGNED MESSAGE----- Hash: SHA512
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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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Confirmed
Title: Re: [CPA] Account #16 (BitcoinINV) Bitcoin Mining Investments
Post by: BitcoinINV on August 10, 2012, 06:57:50 PM
I confirm the Edit of sharegholders to shareholders lol.
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