Agreement between gusti and Otoh.
This agreement is for gusti to pay Otoh the difference over strike
price of $250 / BTC trading price for an amount of 10 BTC, at any
given time chosen by Otoh before October 24th, 2014.
Price is based on Bitstamp exchange USD/BTC rates, and can be executed
at any chosen time before expiry, for the price at the time of
request, to be verified by time stamped post in this same thread after
a maximum of 48hs of choosen price.
Payment will be made by gusti to Otoh in equivalent BTC for the USD
amount, with price at time of call based on BTC/USD from Bitstamp, to
be verified by time stamped post in this same thread.
e.g. if price at chosen time is $300 / BTC, gusti will pay to Otoh the
amount of $500 equivalent in BTC.
If strike price is not reached before this agreement expiration date,
no payment will be made from each party to the other.
In return, Otoh is paying now to gusti a one-time, non-refundable
premium of 2 BTC to address :
1Jr5PEKu7tEdX683jHjYfNsGdjuFeFwLf2
Hi gusti, sounds good, with common sense expected from both parties if any unforeseen occurrences like Bitstamp closing (to use the closest alternative exchange or average).
Sending the 2 btc now, will edit or post for the tx.
Btw, if you'd like to offer the exact same contract I would be happy to take that also on the same terms for myself & my
charity fund as this one is basically on behalf of ScottJ, many thanks, Otoh.
