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MTR ESCROW AGREEMENT

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Jan 27th, 2015
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  1.   Agreement of Escrow
  2.  
  3. MTR Developer Mastertrader777
  4. https://www.mastertradercoin.com
  5. admin@mastertradercoin.com
  6.  
  7.  
  8. January 27, 2015
  9. OgNasty
  10. NastyFans.org
  11. askognasty@gmail.com
  12.  
  13.  
  14.  
  15. Dear OgNasty :
  16.  
  17. This letter (the "Agreement") summarizes my understanding of the agreement that we reached on January 27, 2015 after our email exchange. Prior negotiations took place on January 21, 2015. If this Agreement is acceptable to you, please sign below in the space designated for your signature.
  18.  
  19. As I understand it, we have agreed as follows:
  20.  
  21. 1. Agreement
  22. It is my understanding we have agreed to the following in regards to: Escrow Service and Bitcoin Talk Forum Administration.
  23.  
  24. Audit and monitoring of escrow transactions of Bitcoin Talk forum “MTR” IPO.
  25. OgNasty agrees to gather all information and answer questions that directly pertain to the escrow itself. Administer "MTR" IPO escrow wallet.
  26.  
  27. OgNasty agrees to accept $2000 USD in BTC as a 50% deposit in addition to accepting the remaining payment [whichever amount is higher: $2000 USD in BTC or 0.5% of the IPO funds] following IPO completion. In summary OgNasty agrees to be compensated for [$4000 USD in BTC or $2,000 + 0.5% of the IPO funds (Coinbase USD Exchange Rate)] cumulative for escrow services pertaining to MTR to BTC wallet address listed below:
  28.  
  29. 168WXhArv7Fasqvi2xm5MQMfLhG18jifMe
  30.  
  31. OgNasty agrees to hold in escrow 30% of BTC raised in IPO wallet address:
  32.  
  33. 1BuyMTRxuoUdAiwijwLMLC9giq7aVRF2bD
  34.  
  35. OgNasty agrees to release 70% of IPO BTC to MTR Developers preferred BTC wallets:
  36.  
  37. 1PxqfQdjb2YKSVzwxjCqE9u4DXs3YqQshM
  38.  
  39.  
  40.  
  41. OgNasty agrees to release 70% of BTC IPO funds raised to above address after initial IPO completion.
  42.  
  43. Track and record all deposits and notify "Mastertrader777" of all users and wallet addresses who invested in “MTR” IPO. OgNasty agrees to create a separate PRE-IPO forum thread regularly updating incoming IPO investments, while posting public address for MTR distribution.
  44.  
  45. MTR Development team agrees to relinquish remaining 30% of IPO funds held in escrow by OgNasty to investors proportionately, in the event the following milestones set forth by MTR administration are not accomplished within the allotted time frames listed below(1) :
  46.  
  47. MTR releases WhitePaper and Technical Specifications prior to IPO commencement.
  48. MTR publicly reveals GitHub Source Code files within (30) days
  49. MTR Windows/Mac wallets compiled and released to public within (30) days
  50. MTR developers confirm mining pool to host 10K MTR POW period within (30) days
  51. MTR establishes block chain explorer within (30) days
  52. MTR launches secured web wallet within (60) days
  53. MTR listed on reputable Crypto exchange within (120) days
  54.  
  55. 2. Term
  56. The term of this Agreement ("Term") will commence as of January 27, 2015, and will continue in effect until January 27, 2016, at which point it shall terminate, unless the Term is extended or terminated earlier in a written document signed by both of us in the manner described in Paragraph 5 of this Agreement or as otherwise provided for in this Agreement.
  57.  
  58. 3. Force Majeure
  59. Neither of us will be liable to the other for any loss, damage or default occasioned by strike,
  60. civil disorder, governmental decree or regulation, acts of God or any other force Majeure
  61. (collectively, a "Force Majeure Event").We agree that upon conclusion of a Force Majeure
  62. Event, each of us will use commercially reasonable means to recommence full performance of
  63. our obligations under this Agreement.
  64.  
  65. 4. Notice
  66. Any notices to be given under this Agreement by either of us may be effected either by personal delivery in writing or by electronic-mail, registered or certified, postage prepaid with return receipt requested to the addresses set forth in this Agreement unless one of us notifies the other, in writing, of a change of address.
  67.  
  68. 5. No Other Agreement
  69. This Letter of Agreement contains the entire agreement between us. No part of this Letter of Agreement may be changed, modified, amended or supplemented except in a written document, signed by both of us which specifically states that the document is being signed for the purposes of modifying this Agreement. Each of us acknowledges and agrees that the other has not made any representations, warranties or agreement of any kind, except as is expressly described in this Agreement.
  70.  
  71. (1) Commencement of milestone conditions begin immediately after listing of public announcement on BitcoinTalk.org Forum.
  72.  
  73. 6. Governing Law
  74. This Agreement shall be interpreted in accordance with the laws of Florida. In interpreting this contract, we each hereby acknowledge that we have mutually agreed to the terms of this Agreement and thus waive the protections of any law or statute which provides that in the case of uncertainty not removed by the laws relating to the interpretation of the contracts, the language of a contact should be interpreted against the drafter of the contact. Further, we agree that in the event that any one or more of the provisions of this Agreement shall be found to be invalid, illegal, or unenforceable in any respect, the validity, legality, and enforce-ability of the remaining provisions contained herein shall not be in any way affected or impaired.
  75.  
  76. 7. Remedy of the Parties
  77. Except as otherwise specifically provided for in this Agreement, in the event one of us is in default or in breach of any of the material provisions of this Agreement and fails to cure the default or breach within (30) days after written notice of such default or breach by the other, the non-breaching party shall have the right to terminate this Agreement. In the event developers abandon MasterTraderCoin, as a preventative measure 30% of all BTC held in escrow (1BuyMTRxuoUdAiwijwLMLC9giq7aVRF2bD) will be proportionately dispersed to initial IPO investors. In the event OgNasty fails to comply with terms of agreement 30% of funds held in escrow account must be relinquished to MTR administration BTC wallet
  78. (1PxqfQdjb2YKSVzwxjCqE9u4DXs3YqQshM), in addition to refunding MTR administration 100% of deposit and payment for service not rendered within (5) calendar days.
  79.  
  80. 8. Assignment
  81. This Agreement shall only be assignable or transferable by one of us upon the written approval from the other.
  82.  
  83. 9. Relationship of the Parties
  84. It is understood and agreed that this Agreement does not create a partnership, joint venture or employment relationship of any kind between us; that each of us is acting as independent contractors with respect to each other; and that none of the employees of either of us will be deemed to be employees of the other for any purpose.
  85.  
  86. 10. Termination
  87. Either of us shall have the right, forthwith and without further notice, to terminate this Agreement by written notice to the other, upon the occurrence of any of the following events:
  88.  
  89. (a) A breach or default of a provision of this Agreement which is not cured within the period set forth in Paragraph 8 of this Agreement;
  90.  
  91. (b) A Force Majeure Event that continues for a period of thirty (30) days; or
  92.  
  93. (c) The death or incapacity of either of us during the Term
  94.  
  95. In the event of a termination, any moneys due on the date of termination shall be immediately due and payable.
  96.  
  97. 11. Headings
  98. Headings used in this Agreement are provided for convenience only and shall not be used to construe meaning or intent.
  99.  
  100. If the above correctly expresses your understanding of the terms reached during our negotiations, please sign and date a copy of this Agreement and return the signed and dated Agreement to me.
  101.  
  102.  
  103. ________________________________
  104. MasterTraderCoin Developer Mastertrader777
  105. https://www.mastertradercoin.com
  106. admin@mastertradercoin.com
  107.  
  108.  
  109. Accepted and agreed to on __________________ ____, 20___ by
  110.  
  111. ________________________________
  112. OgNasty
  113.  
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