United Circular Credit Facility · Note No. COSIGN-250B-∞ · Continuous

Promissory Note

The money travels in a circle

The company that sells the chips is cosigning $250B so the borrower can lease a 10-gigawatt apartment to hold the chips. The circle has a ticker now.

“around and around we go.”

— an investor, entering the complete analysis into the record
STATUS OF THE POURlaunching
$COSIGNlegal-ish tender
Value booked since you began reading$0
Net new money, same period$0.00

each pass of the money is recognized as value. recognition is not creation.

Cosigned in triplicate · each copy owes the other two

The document continues ↓

The Cosigner — chrome custodian of the circle

Page 1 of ∞ · Note No. COSIGN-250B-∞

Read into the record before the pour

Recitals

The parties agree the following is, unfortunately, true.

✦
  1. WHEREAS, the Borrower requires two hundred fifty billion dollars ($250,000,000,000) to lease an apartment that draws ten gigawatts;
  2. WHEREAS, the Borrower cannot afford the apartment alone, which is not a criticism, because nobody can;
  3. WHEREAS, the Cosigner — the largest company on Earth — manufactures the chips the apartment exists to contain;
  4. WHEREAS, the loan buys the building, the building buys the chips, and the chips justify the loan, and no party present could locate the beginning of that sentence;
  5. WHEREAS, an investor reviewed the structure and entered, in full, the following comment into the record: “around and around we go”;
  6. WHEREAS, the parties have inspected the circle and found it round;

NOW, THEREFORE, in consideration of the mutual promises herein (the promises are also the collateral), the machine has verified the geometry and poured a coin at the exact center of the circle.

Defined terms

“Circle”
the security, the collateral, the borrower, the lender, and the exit.
“Apartment”
a building that draws ten gigawatts. unfurnished.
“Cosigner”
the party that guarantees the loan with which you buy its product. see also: “Circle.”
“Money”
see “Circle.”
“Exit”
see “Circle.”

Page 2 of ∞ · initial here: ______ (the money will initial for you)

Exhibit A

The Geometry

A diagram of the credit facility. The arrows are load-bearing.

buys fills itself with justify THE LOAN $250,000,000,000 THE APARTMENT 10 GW, unfurnished THE CHIPS all of them SAME MONEY $250,000,000,000 (there is only one) $

the money is circulating at ambient speed. it does this on its own now.

each pass is recognized as value · the parties insist

Revolutions completed0around, and then around again
Total value transacted *$0booked each time the money passes a party
Net new money created$0.00this figure is audited, final, and structural
Angular velocity of the money0.12 rad/sambient. it never fully stops.

* “value transacted” is measured in laps. laps are measured in value transacted. the auditors signed off, in a circle.

Page 3 of ∞ · the diagram is also the collateral

Exhibit B

The Premises & Other Evidence

Photographic record compiled during due diligence. The appraiser has not come out.

Due diligence photo B-1
B-1 — the apartment, exterior. ten gigawatts, unfurnished.
Due diligence photo B-2
B-2 — the cosigner inspects its own collateral. the collateral inspects back.
Due diligence photo B-3
B-3 — the money, photographed mid-lap. it declined to comment.
Due diligence photo B-4
B-4 — every coin returns to its own slot.
Due diligence photo B-5
B-5 — the closing table. three parties attended. one money.
Due diligence photo B-6
B-6 — credit rating: pending. carousel: operational.
Due diligence photo B-7
B-7 — the appraiser measures the circle. the circle measures the appraiser.
Due diligence photo B-8
B-8 — the exact center, moments before the pour.

Page 4 of ∞ · exhibits continue until the building is full

Schedule C

Mark-to-Market

The circle, quoted continuously.

SCHEDULE PENDING

The appraiser cannot mark a circle that has not been drawn.

THIS SCHEDULE OPENS AT EXECUTION. AFTER THAT, IT NEVER CLOSES.

Unit price, per COSIGN—
Aggregate value of the circle—
24-hour rotation—
Circulated, trailing 24h—
Parties to the agreement—

the numbers rotate; the money does not change. each party is owed by each other party. the schedule balances by definition.

Page 5 of ∞ · marks refresh with the carousel

Execution

Signature Page

IN WITNESS WHEREOF, the parties execute this note in a circle, so that no signature is first.

The Borrower
/s/ the startup
authorized to borrow by the size of the need
The Cosigner
/s/ the largest company on earth
authorized to cosign by the size of the chips
The Money
(no signature required)
it never left
SIGN HERE → Executed on-chain at ____________________________________
NOT YET NOTARIZED

NOTICE: The CA has not dropped yet — anything claiming otherwise is fake. Any instrument presenting an address before the pour is a forgery, and forgeries are fed to the shredder at the exact center of the circle.

witnessed by: /s/ the group chat  ·  /s/ an investor, muttering

SEAL RESERVEDthe coin is poured at execution.
stand at the exact center.
The $COSIGN coin, poured at the exact center of the circle

notarial seal · poured, not pressed

Page 6 of ∞ · Note No. COSIGN-250B-∞