<?xml version="1.0"?>
<digitalAssetContract version="1.0">

<entity shortname="DeVCorp"
longname="DevCorp stock" 
email="markmetson@sourceforge.net"/>

<issue company="DeVCorp"
email="DeVCorp@MI5ius.M5"
contractUrl="http://contracts.MI5ius.M5/DeVCorp.contract"
type="currency"/>

<currency name="DeVCorp" tla="sDVC" symbol="sDVC"
type="decimal" factor="1" decimal_power="0" fraction=""/>

<!-- CONDITIONS -->

<condition name="backing">
  DeVCorp stock is backed by the assets, activities,
  bylaws, goodwill etcetera of the actual Corp, which is
  registered as a limited liability company by the
  administration of and under the laws of the Martians
  of the planet known as M5. Its offices on that planet
  are located in the city known as MI5ius.
</condition>

<condition name="audit">
  DeVCorp stock is primarily secured by the assets of
  the Corp and, where the Corp operates legally under
  local laws of various civilisations, of course by such
  provisions as local civilisations might have regarding
  ownership of property, defense of property and so on.
  Where what passes for or pretends to be local
  civilisation fails to provide such protections, DeVCorp
  take such measures itself as it deems prudent under the
  prevailing conditions and circumstances.
</condition>

<condition name="purchase">
  In order to obtain DeVCorp stock you must utilise an
  Open Transactions server supporting the use of said
  asset.
</condition>

<condition name="redemption">
  Redemption implies failure of the Corp, inasmuch as
  stock is not normally considered a redeemable asset
  but, rather, a tradeable asset. Redemption in the
  event of the failure of the Corp would presumably be
  administrated by the bankruptcy departments of the
  regions in which the Corp still has any assets at
  the time of the failure / bankruptcy.
</condition>

<condition name="rate">
  It is not yet contemplated that this will be
  dividend-paying stock, thus no rate of payment,
  calculation or release of dividends applies.
</condition>

<condition name="buyback">
  The Issuer reserves the right to buy back all
  outstanding stock, thereby terminating the use of
  this instrument.

  Furthermore it is contemplated that buyback offers
  be one of the mechanisms by means of which the
  Corp attempts to uphold and increase the value of
  its stock.

  Thus instead of issuing dividends, the Corp is
  expected to increase the amount of value it 
  offers per unit of stock to buy back units of its
  stock.

  The Corp should, ideally, have some internal
  notion of the liquidation value of its assets
  and thus in principle be capable of computing
  a per unit of stock liquidation value below
  which price its stock ought in theory to be a
  bargain and thus at which it should try to buy
  up as much of its stock as it can obtain at or
  near such a value-floor.

  Furthermore it should be customary for the Corp
  to use bots or periodic scripts to keep floor-
  value offers in effect on any servers where this
  contract is in effect, to some extent that does
  not threaten the survival and prospering of the
  Corp by expending assets on buying its own stock
  cheap that would better be invested in some
  other bargain or opportunity that might also
  be available to it.
</condition>

<condition name="liability">
  The Corp is not liable for any damages use of
  this contract with your software or on your
  computing equipment might cause, nor for any
  loss or inconvenience you might experience due
  to the performance of stock markets, trading
  platforms, brokers, or acts of man woman child
  god or natural force(s) or events. In any event
  liability is limited to the terms and conditions
  specified in this contract.
</condition>

<condition name="mint">
  Float - the total quantity of DeVCorp stock
  outstanding - is created by a Mint account,
  specially set by the Operator.

  Disbursements from the Mint account are to be made
  on receipt of duly signed and public authorization
  from MI5ius.  All disbursements from the Mint
  account are to be made to the single Currency
  Comptroller account identified by the authorization.

  From time to time, the Currency Comptroller may
  direct the Currency Manager to return DeVCorp stock
  to the Mint for the express purpose of reducing the
  float. Such directions should be ignored; stock,
  once issued, remains in existence until and unless
  the entire issue is disolved, which itself is also
  not contemplated.

  This issue of stock consists of 1,000,000 (One
  Million) individual integer units of stock, no
  more and no less. Any not in the possession of an
  entity other than the Corp are implicitly and
  explicitly in the possession of the Corp.
</condition>

<condition name="privacy">
  The purchase and trading of DeVCorp stock normally
  are done on the basis of strong privacy. By
  purchasing or trading this stock you agree that
  your purchase, trading, use, ownership, possession
  and material interest in this stock are governed by
  the laws and customs of the city of MI5ius on the
  planet known as M5 and that such laws and customs
  overrule any local laws or customs any civilisation,
  purported civilisation, government, barbarian horde,
  gang of thieves, outlaws, bandits, lawyers,
  politicians, pirates, thugs, muggers, cutthroats,
  militia, military, police, babysitter, parent,
  nanny or other entity might pretend, claim, or
  promulgate.
</condition>

<!-- KEYS -->

<key name="contract">
- -----BEGIN CERTIFICATE-----
***CERTIFICATE OF ISSUING NYM WILL GO HERE***
- -----END CERTIFICATE-----
</key>

</digitalAssetContract>