PROPR Service Provision and Funded Account Terms

We are Propr, a company established and existing under the laws of the British Virgin Islands (hereinafter "Propr").

This Propr Service Provision and Funded Account Terms (the "Terms") governs your provision of simulated trading data ("Signals") to Propr via your use of the Platform. By utilizing the Services, you agree that the activity you engage in constitutes the sole provision of data for our internal analysis and risk optimization. You acknowledge and agree that your account remains a paper trading environment, does not represent capital ownership, and does not involve real-market execution by you. Propr may, at its sole and absolute discretion, elect to use your Signals to execute live trades on digital asset markets using its own capital ("A-Booking"). Execution of these Signals is not guaranteed for any user or any particular submission, and such A-Booking remains the sole prerogative of Propr using its own funds.

You should read this document carefully. This Terms governs your provision of Signals, whereby you may receive a Reward for the data you generate. As used in this Agreement, "Services" shall mean the access provided to the simulated environment, Paper Trading, analytical instruments, educational materials, and any other functionalities made available via the website at www.propr.xyz (the "Website") and the terminal at app.propr.xyz (the "Terminal"), as further detailed in Clause 7 (Our Services). The accounts provided under these terms are strictly for Paper Trading.

The activity you engage in when you submit paper trades is not trading in real financial instruments, and you are not managing live or corporate funds.

Your agreement to these Terms is evidenced by you ticking the statement that you have read and agree with the Terms when proceeding with the Funded Program. If you enter into an agreement on behalf of a legal entity, you represent that you have the authority to bind that legal entity to the agreement and, in such event, "you" and "your" will refer and apply to that company or other legal entity.

1. DEFINITIONS AND INTERPRETATION

1.1. In these Terms, the following terms have the meaning set out below:

1.2. If we use a currency or stablecoin denomination in these Terms, equivalent value in a different digital asset applies at our sole discretion.

2. ELIGIBILITY

2.1. You are only eligible to access the Services if:

• a) You are a natural person at least eighteen (18) years of age and not subject to restrictions based on your nationality or residency, as determined by the specific rules of each Restricted Jurisdiction and further detailed here on the Platform;
• b) You are not subject to relevant international sanctions, in particular you are not included on sanctions lists of the European Union, the Office of Foreign Assets Control, the United Nations, or the British Virgin Islands. For the purposes of this section, Restricted Jurisdictions includes: Bangladesh, Belarus, Burkina Faso, Central African Republic, Congo, Crimea, Cuba, Donetsk, Ethiopia, Haiti, Iran, Iraq, Kazakhstan, Kyrgyzstan, Lebanon, Libya, Luhansk, Mali, Myanmar, Nigeria, North Korea, Pakistan, Russia, Somalia, South Sudan, Sudan, Syria, Tajikistan, Turkmenistan, Uzbekistan, Venezuela, Yemen, Zimbabwe, or any jurisdiction subject to OFAC sanctions.
• c) You do not have a criminal record related to financial crime or terrorism; and
• d) You are prohibited from holding an aggregate funded balance exceeding the amount specified on the Platform across all Accounts. Any attempt to circumvent this limit through the use of multiple identities or 'proxy' accounts will result in the immediate termination of all associated accounts without refund.

2.2. While registration may not require immediate identity verification, you acknowledge that no Rewards will be processed or transferred to an external on-chain wallet until you have successfully completed our Know Your Customer ("KYC") procedures.

2.3. You may only access and use the Services in accordance with applicable law and these Terms. You represent that at the time of execution of the agreement you meet the eligibility criteria in this Clause 2. If you cease to meet the criteria, you must notify us immediately.

3. NOT A FINANCIAL SERVICE

3.1. Nothing contained in these Terms shall be deemed to constitute, create, or give effect to an employer-employee, partnership, or principal-agent relationship between you and Propr. Your engagement with Propr is limited strictly to the provision of data signals as an independent service provider. You represent and warrant that your use of the Services is for personal purposes and not "by way of business" within the meaning of applicable UK consumer protection and financial regulations.

3.2. None of the Services are subject to laws regulating the financial sector. We are not regulated by the British Virgin Islands Financial Services Commission or a similar authority overseeing financial sectors globally. As a result, you do not receive regulatory protections associated with financial services or investment portfolios.

3.3. None of the Services constitute financial, investment, legal, or tax advice or a recommendation to buy, sell or hold any financial product or virtual asset.

3.4. You acknowledge that your paper trades are provided to Propr as potential trading signals. Propr maintains full and sole discretion to determine whether to utilize any Signal for A-Booking on live financial markets. You have no right to, and shall not expect, any live execution of your Signals. Propr does not accept any guidance or instructions from you regarding if, when, or how your Signals are executed in live markets.

4. FUNDED PROGRAM ACCESS

4.1. Access to the Funded Program may be granted upon successful completion of a preceding Evaluation phase. The available features are predetermined by us and cannot be modified.

4.2. All data which you provide to us must be complete, true, accurate, not misleading and up to date. You must immediately update such data in the Account to reflect any change.

5. REWARDS AND PAYMENT

5.1. Subject to your absolute compliance with these Terms, including the Risk Management Rules (Clause 8) and the prevention of Forbidden Trading Practices (Annexes 1 and 2), you may be eligible to receive a performance-based fee, i.e. Reward, for the proprietary data and Signals you generate in your Account. The specific Reward split percentage, metric benchmarks, and calculation methodologies are explicitly detailed on the Platform interface.

5.2. You acknowledge and agree that you are acting solely as an independent contractor providing data-signal services. You are not an employee, agent, or partner of Propr. Consequently, you are solely responsible for all personal tax obligations, filings, and social contributions arising from any Reward payouts settled under this Agreement.

5.3. All approved Reward payouts are discretionary settlements for data generation. Payouts will be processed and distributed strictly in USDC transferred on-chain to the wallet address designated by you through the Platform interface. Propr is not responsible for any transmission errors, network congestion, or wallet incompatibility on your designated blockchain network.

5.4. All Reward payout requests constitute a request for a full extraction, i.e. sweep, of the accumulated, tracked performance metrics. Upon the approval and processing of a Reward payout:

• a) The Account's simulated balance will be completely reset to its initial baseline starting parameters; and
• b) All associated risk tracking mechanisms, including but not limited to trailing or static drawdown trackers, high-water marks, and daily loss limits, will automatically reset to their default starting values.

5.5. Partial or incremental allocations of an accrued Reward balance are strictly prohibited.

5.6. No Reward payout shall be processed, approved, or transferred to an external wallet until you have successfully completed our comprehensive Know Your Customer (KYC) and Anti-Money Laundering (AML) identity verification protocols as outlined in Clause 2.2. Failure to pass or maintain KYC/AML compliance will result in the immediate forfeiture of all tracked metrics and pending Rewards.

5.7. Payment Settlement by Odeonpay ALE S.R.L ("Paysagi"). The Supplier is Propr Limited. Payments are settled via Odeonpay ALE S.R.L. ("Paysagi"), acting solely as Merchant of Record for transaction settlement purposes. Paysagi is not the supplier of the goods or services. Payment settlement is subject to Paysagi's Terms of Use, available at https://paysagi.com/terms-of-use/, which are presented to customers during the payment process.

6. ACCOUNT AND TRADING TERMINAL

6.1. Access to all Services will be through the Terminal, or by the provision of access to applications provided by us or third parties.

6.2. You can have only one Account. The Account Credentials are linked to a single email address which may not be changed after registration.

6.3. Access to the Account is protected by your Account Credentials and authenticated session. You are strictly prohibited from sharing your Account access or authenticated session with any third party. You are solely responsible for the security of third-party authentication methods (e.g., Google).

6.4. You are responsible for all activities performed through the Account.

6.5. You may request cancellation of the Account at any time by sending an email to us. This request is considered a termination of the agreement under Clause 12.2(d), resulting in you losing access to the Platform. In such a case, you are not entitled to any accrued performance tracking.

6.6. The Services may be temporarily unavailable due to maintenance and upgrades. You are obliged to regularly follow our updates regarding maintenance and developments impacting simulated hours.

6.7. In order to use the Services, you must possess appropriate technical equipment and software at your own risk and expense. We do not warrant or guarantee that the Services will be compatible with any specific external setup.

6.8. The operators of any third-party networks, platforms, or execution interfaces (including underlying decentralised exchanges or visual charts) are distinct from us. We have no responsibility or liability to you in connection with your interaction with third-party software.

7. OUR SERVICES

7.1. The primary purpose of our services is for you to generate and provide Signals to Propr. You acknowledge that while your account is for Paper Trading, Propr may, at its sole discretion, handle corporate risk via a hybrid model, including A-Booking (copying trades to a liquidity venue for execution at Propr's discretion) or B-Booking (internal book entry). The calculated outcome for your Account metric and the determination of your Reward remains identical regardless of the internal method chosen by Propr.

7.2. Propr shall provide visibility into its corporate risk mitigation by labeling trading signals as "A-Booked" or "B-Booked" within the Account interface. You acknowledge that this labeling is purely for informational purposes regarding Propr's internal risk allocation and does not alter the simulated, non-capital nature of your data feed.

7.3. You explicitly acknowledge that:

1. Paper Trading is purely frictional and computational, meaning that the trades are virtual and not executed in real financial instruments by you; and
2. The amount shown as balance or capital in your account interface is numerical data, does not represent any deposit of legal tender or virtual currency, and possesses no intrinsic monetary value outside of the Reward calculation metric.

7.4. We reserve the right to modify, change, replace, add, or remove any elements and functions of the Services at any time without being obliged to pay you any compensation.

8. RULES OF PAPER TRADING

8.1. During Paper Trading, you must follow good market practice and market standard Risk Management Rules.

8.2. The Services are for your personal use only. Account sharing or selling your profile access is strictly prohibited.

8.3. You must not engage in any Paper Trading which involves Prohibited Conduct as listed in Annex 1 and Annex 2.

8.4. You must abide by the specific operational guardrails defined in the Rulebook, including Maximum Daily Loss and Maximum Drawdown (Static or Trailing based on account type).

8.5. We retain the absolute discretion to implement any measures we consider appropriate to prevent activities we deem analogous to gambling, unsafe for the continuation of the business, or misaligned with our signal gathering scope. Genuine strategies are strategies using risk parameters a reasonable person would apply when trading on financial markets with their own money.

8.6. If, acting reasonably, we determine that you have engaged in Paper Trading which involves Prohibited Conduct or a breach of the Risk Management Rules, we may, at our sole discretion:

• a) Consider it a material violation of these Terms;
• b) Cancel, consolidate, or reclassify one or more of your submitted paper trades or remove any metrics that violate the Rules from your history;
• c) Immediately cancel all Services provided to you, terminating any agreements with immediate effect pursuant to Clause 12.2(b);
• d) Cancel all evaluation or alternative profiles you maintain, and forfeit any pending USDC Rewards thereunder;
• e) Reduce the offered leverage on your accounts/paper trades;
• f) Enforce limitations on the volume or asset class of your data submissions; and
• g) Introduce any other consistency measures deemed necessary to reflect long-term sustainability.

8.7. We are not obliged to provide you with any compensation or process any accrued USDC Rewards if we take action against you in accordance with this Clause 8.

8.8. The use of automated trading software and AI-driven bots is permitted, provided that such tools do not interfere with the Platform's technical stability or involve Prohibited Conduct. You acknowledge that:

• a) You are solely responsible for the configuration, risk management, and outcomes of any automated tools used;
• b) Propr reserves the right to restrict or disable automated data ingestion for any Account if the trade frequency or volume adversely affects our platform bridges, server pipelines, or the underlying tracking protocol; and
• c) Using a bot strategy that is structurally identical to other users (herd trading) or using "off-the-shelf" bots without individual customization may be flagged as coordinated trading under Annex 2.

9. USE OF THE PLATFORM, SERVICES, AND CONTENT

9.1. All Content is subject to legal protection pursuant to copyright laws and is our or our licensor's property. We grant you a limited, non-exclusive, non-transferable, revocable permission to use the Content for the sole purpose of providing Signals under these Terms.

9.2. When accessing the Platform and Content, you agree that you will not:

• a) Use any tools that may adversely affect operations or exploit errors, bugs, or deficiencies;
• b) Circumvent geographical restrictions or technical restrictions;
• c) Reverse-engineer, decompile, or modify the Platform;
• d) Use automated scraping means to extract information from the Platform.

9.3. You must inform us if you use the same payment channel, external wallet address, crypto address, or the same device for accessing the Services as any other user of our Services.

9.4. By participating in the Funded Program, you grant us an irrevocable, perpetual, worldwide, non-exclusive right to use your anonymized trading statistics and performance metrics for internal risk hedging, A-Booking execution, marketing, and corporate transparency reports.

10. DISCLAIMER AND INDEMNIFICATION

10.1. The Services, Platform, and Content are provided "as is" and we hereby disclaim, to the fullest extent permitted by law, any statutory, contractual, express and implied warranties of any kind, including any warranty of merchantability or fitness for a particular purpose. You further acknowledge that you are not engaging with our Services "by way of business" and are not acting as a professional market participant.

10.2. To the fullest extent permitted by law, we are not responsible for:

• a) Any direct, indirect, or consequential damage, including lost income, lost profit, or loss of data caused as a result of using the Services;
• b) Disruptions caused by technical errors, network updates, natural disasters, crises, or force majeure events;
• c) Outages, latency, or inaccuracies inherent to the third-party Terminal software or underlying data feeds;
• d) Blockchain-specific and protocol-specific events, including but not limited to: Hyperliquid Layer-1 downtime, smart contract vulnerabilities, Web3 wallet interaction failures, decentralized oracle price feed delays, or 'slippage' caused by low on-chain liquidity; and
• e) Actions performed by you outside of your relationship with us, even if utilizing data from your Account.

10.3. In case our liability is inferred in connection with the operation of the Platform or provision of the Services, our liability will be limited to the maximum extent permitted by law. Our liability shall be limited to the total fees (if any) actually paid by you to us for the specific service giving rise to the claim.

10.4. You shall indemnify and hold harmless Propr from and against any losses, liabilities, and costs (including reasonable attorneys' fees) resulting from third-party claims based on your negligence, willful misconduct, unauthorized use of the Platform, or breach of these Terms.

11. BREACH OF THESE TERMS

11.1. We may prevent you from accessing existing Services without any prior notice if you breach any provision of these Terms. If you breach Clause 2 (Eligibility), Clause 4.3 (Data Integrity), Clause 8 (Rules of Paper Trading) or Clause 9 (Use of Platform) or act in a manner that damages our reputation, we will terminate your agreements and you will lose access to all features, including the right to any pending Rewards.

11.2. We are not obliged to provide you with any compensation in the cases set out in Clause 11.1.

12. TERM AND TERMINATION

12.1. The agreement is concluded for an indefinite period, subject to successful completion of preceding Evaluation programs, and remains in effect until terminated.

12.2. The agreement terminates early or with immediate effect:

• a) Automatically if you reject a Modification under Clause 14.1, or upon bankruptcy/dissolution of a corporate entity;
• b) By Propr if you fail the eligibility criteria, breach personal-use policies, engage in Forbidden Trading Practices, or if our compliance parameters dictate that providing services to you violates an applicable law;
• c) By either party without cause by serving a written notice at least fourteen (14) calendar days in advance.

12.3. Clauses 9, 10, 15, 16, and 17 shall survive termination.

13. TECHNICAL ISSUES AND COMPLAINTS

If you encounter a technical issue or data feed defect, you agree to report it immediately via email at [email protected], Discord, or our active platform communication channels, specifying your account ID and issue timeline. If you proceed to perform new paper trades after observing a technical anomaly without receiving a response from our team, you are fully responsible for the outcome of those data prints.

We will try to resolve any formal complaint within thirty (30) calendar days. Acting reasonably, we are entitled to stop providing services if you repeatedly lodge complaints which we deem to be structurally unjustifiable.

14. CHANGES

14.1. We may amend these Terms at any time. We will provide notice via the Platform interface or your registered email. Your continued submission of Signals following the effective date of a Modification constitutes absolute acceptance of the updated Terms. If you do not agree, you must cease using the Platform, which will terminate the relationship automatically.

15. PERSONAL INFORMATION

15.1. Personal data is processed in accordance with our Privacy Notice.

15.2. You acknowledge that the primary value of the Services to Propr is the data generated by your paper trades. You consent to Propr's use of this data as Signals for Propr's internal purposes, including potential A-Book execution at Propr's sole discretion. You agree that you have no entitlement to any profit generated by Propr's A-Booking of your Signals, and your eligibility for a Reward is strictly governed by the performance metrics defined in Clause 5 and the Platform, independent of Propr's live market activities.

15.3. The termination of this agreement does not affect our right to process or utilize the Paper Trading data metrics obtained prior to termination, provided that it is processed anonymously.

16. CLASS-ACTION WAIVER

16.1. To the fullest extent permitted by applicable law, you agree that any dispute resolution proceedings will be conducted only on an individual basis and not in a class, consolidated, or representative action. You expressly waive your right to file a class action or seek relief on a class basis.

17. GOVERNING LAW AND JURISDICTION

17.1. This agreement, the provision of your Signals, and any non-contractual obligations arising out of or in connection with it are governed by and construed in accordance with the laws of the British Virgin Islands.

17.2. The courts of the British Virgin Islands shall have exclusive jurisdiction to settle any dispute arising under or in connection with this agreement.

18. COMMUNICATION AND NOTICES

18.1. We will communicate with you electronically via the Account dashboard or your registered email address. Communications are considered delivered when transmitted. You are responsible for maintaining the operational security and access of your email and authenticated Web3 wallet credentials.

19. GENERAL

19.1. This agreement, together with the online Rulebook, constitutes the entire understanding between the parties and supersedes all prior oral or written representations.

19.2. We may assign or transfer our rights or obligations under this agreement to any third party or affiliate within the XBorg Group at our discretion. You may not assign your role or credentials without our express written consent.

19.3. If any provision becomes invalid or unenforceable, it shall be replaced with a provision that best achieves the commercial intent of the original text, and the remaining terms shall remain unaffected.

19.4. No failure or delay by us in exercising any right under this agreement constitutes a waiver of that right.

ANNEX 1 — FORBIDDEN TRADING PRACTICES

When performing paper trading, you must not engage in any of the following:

• a) Exploiting platform bugs or glitches: Intentionally exploiting technical errors, latency issues, price feed anomalies, or liquidity venue infrastructure issues for profit.
• b) Account sharing or selling: Each account is tied to one individual. Transferring, selling, or sharing account access is prohibited. This includes allowing any third party to access or otherwise use your Funded Account or accessing, or performing paper trades on, any other person's Funded Account.
• c) Identity fraud: Providing false identity information during registration or KYC verification. This includes using another person's identity documents or creating multiple identities.
• d) Position caps: Position caps based on Open Interest (OI) are calculated at the time of order execution. However, Propr reserves the right to request the reduction of any position that significantly exceeds the percentage OI threshold indicated on the Platform or the Rulebook due to market fluctuations to maintain firm-wide risk stability.

ANNEX 2 — ANTI-FARMING & ANTI-GAMING RULES

The following activities are considered farming or gaming the system and are strictly prohibited, as the evaluation model is designed to identify skilled, consistent traders:

• a) Opposite hedging across accounts: Opening opposing positions on the same instrument across two or more Accounts to guarantee that one account passes while the other breaches.
• b) Hedging across external CEX or DEX accounts: Opening opposing positions on external centralized exchanges (CEX) or decentralized exchanges (DEX) to hedge against positions on your Propr account, effectively eliminating market risk.
• c) Third-party coordination: Coordinating trades with other Propr traders to create offsetting positions, share signals timed to exploit drawdown mechanics, or any other form of collusion.
• d) Account cycling / high-frequency eval purchases: Repeatedly purchasing evaluations with the intent of taking maximum-risk binary bets on each attempt, treating the evaluation fee as a lottery ticket.
• e) Exploiting the payout/drawdown interaction: Structuring payout requests to manipulate the relationship between account balance, High Water Mark, and drawdown equity limits (applicable to 2-Step accounts).
• f) Latency arbitrage and tick sniping: Exploiting delays between Propr's price feed and the liquidity venue's on-chain execution to capture risk-free or near-risk-free profits.
• g) Simulated or wash trading: Executing trades with yourself or a coordinated party where no genuine market risk is taken, for the purpose of inflating trade volume or manipulating account metrics.

Following all of the above rules is mandatory and remains your primary responsibility when using our services. Any breach or non-compliance with these rules may result in corrective actions, including, but not limited to, removal of paper trades from your history, restricted access to a terminal, or even termination of all agreements you have with us.

To maintain a healthy and long relationship with us, please remember to treat the account responsibly by adopting legitimate trading strategies, safe risk management practices that are replicable in real markets, and are not intended to bypass the purpose of the Funded Program.