PROPR Evaluation Terms and Conditions

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

Our mission is to provide you with the education and tools necessary to develop skills required to be a successful trader. We have developed our services and the Evaluation Program, with this goal in mind.

You should read this document carefully. These PROPR Evaluation Terms and Conditions (the "Terms") govern your use of our services, including the paid evaluations. The services provide access to paper trading and certain analytical instruments, educational materials, and other services which we will enable you to access through the website www.propr.xyz (the "Website") and the paper trading terminal available at app.propr.xyz (the "Trading Terminal"), and which are further described in Clause 7 (Our Services) (together, the "Services"). The Evaluation Program accounts are accounts for paper trading.

The activity you engage in when you submit paper trades in your Evaluation Program account is not trading in real financial instruments.

After you register on the Platform, you may enroll in an Evaluation Program. Your agreement to these Terms is evidenced by you ticking the statement that you have read and agree with the PROPR Evaluation Terms and Conditions when purchasing an evaluation.

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 in these Terms, equivalent in a different currency applies as well.

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 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 access to a Funded Account, including payouts, will not be granted 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.

2.4. You represent that at the time of execution of the agreement you meet the eligibility criteria in this Clause 2 (Eligibility). If you do not meet the eligibility criteria stated in this Clause the agreement is not concluded. If you cease to meet the eligibility criteria in this Clause 2 (Eligibility) following the conclusion of the agreement, you must notify us immediately.

3. NOT A FINANCIAL SERVICE

3.1. None of the Services are subject to laws regulating the financial sector in the countries where we provide the Services. We are not regulated by the British Virgin Islands Financial Services Commission or a similar authority overseeing the financial sector in other countries. As a result, you will not receive regulatory protection associated with the financial sector with respect to the Services.

3.2. None of the Services constitute financial, investment, legal, or tax advice or a recommendation to buy, sell or hold any financial product or virtual or paper asset or to engage in a particular investment strategy.

3.3. We do not give any guidance, instructions, limitations or information about how or in which manner you should perform Paper Trading when using the Services or otherwise with the exception of Forbidden Trading Practices and Risk Management Rules (see Clause 8 (Rules of Paper Trading)). Similarly, we do not accept any such guidance or instructions from you provided, however, that we may observe your Paper Trades and share that information pursuant to Clause 15.3.

3.4. You should obtain independent financial, legal, or tax advice regarding your specific circumstances as appropriate.

3.5. You represent and warrant that you are using the Services strictly for personal purposes and not "by way of business" or as part of any trade, profession, or commercial activity.

4. REGISTRATION AND PROGRAM ACCESS

4.1. You can access a Program after creating your Account on the Platform. The Account will enable you to access the Services and you are responsible for their protection and for protection of access to the Services consistently with Clauses 6 (Account and Trading Terminal) and 8.2 (Rules of Paper Trading).

4.2. After registration, you may enroll in an Evaluation Program by purchasing an Evaluation. The available features for the Program are predetermined by Propr and cannot be modified.

5. FEES

5.1. Enrollment in an Evaluation Program is subject to a fee, the amount of which is specified on the Platform. All fees are due immediately upon registration for the Evaluation Program and are non-refundable, even if the Evaluation Program is terminated early for any reason, including but not limited to breach of these Terms.

5.2. Fees for the Evaluation Program must be paid using the payment methods available on the Platform, which are processed and settled through our designated Merchant of Record.

5.3. The Merchant of Record is solely responsible for facilitating and securing your transaction. We are not liable for the payment process itself, including any processing delays, transaction failures, or settlement issues. Furthermore, Propr does not receive, store, or process any payment card details or sensitive financial information provided by you during the checkout process, and we expressly disclaim all liability regarding the handling or security of such data by the Merchant of Record.

5.4. 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 Trading Terminal, or by the provision of access to applications provided by us or third parties.

6.2. You can have only one Account and all Services under the Program must be maintained in this Account. The Account Credentials are linked to a single email address which may not be changed after registration.

6.3. Access to the Account and the Trading Terminal 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 the third-party accounts (e.g., Google or external wallets) used to authenticate your access to the Services.

6.4. You are responsible for all activities that are performed through the Account or Trading Terminal or otherwise using your Account Credentials.

6.5. You may request cancellation of the Account at any time by sending an email to us. This right survives the termination of the agreement. Sending a request for the cancellation of the Account is considered a termination of the agreement concluded between you and us under Clause 12.2(d) resulting in you being no longer entitled to use the Services and accessing the Account and the Trading Terminal. In such a case, you are not entitled to any refund of any costs otherwise incurred.

6.6. If you previously had an Account which was cancelled and you would like to create a new Account, you can send an email request to us. However, we are under no obligation to accommodate such requests and will do so at our sole discretion.

6.7. The Services may be temporarily unavailable due to, among other things, maintenance and upgrades. You are obliged to regularly follow our updates regarding maintenance, holidays, and other developments impacting availability of the Services. We generally release updates regularly or as needed in case of urgent matters.

6.8. In order to use the Services, you must possess appropriate technical equipment and software, including third-party software, at your own risk and expense. A limited license to certain software is provided by us or a member of the Propr Group (see Clause 9 (Use of the Platform, Services and Content)). The Services are compatible and interoperable with technical and software equipment normally used with services of this type. The Platform is accessible from the most commonly used web browsers. Internet access, purchase of the equipment, and purchase of the web browser and its updates are at your own risk and expense. We do not warrant or guarantee that the Services will be compatible with any specific equipment or software.

6.9. The operators of any third-party software, applications or programs which you use to access the Services are persons or entities distinct from us and such third parties' own terms and conditions and privacy policies will apply when you use their services and products. Before you use a Program, you should read such terms and conditions and privacy policies. By using a third-party software, you agree to those third-party terms and conditions. We will have no responsibility or liability to you in connection with your use of, or interaction with, any third-party software.

7. OUR SERVICES

7.1. The main purpose of our services is to provide you with educational experience to help you develop your skills as a trader as well as to evaluate your performance. For this purpose, after registration on the Platform, you may access the Trading Terminal on which you may perform Paper Trading as described below.

7.2. Propr provides transparency into its risk management by labeling trades as "A-Booked" or "B-Booked" within the Account. You acknowledge that this labeling is for informational purposes regarding Propr's internal risk allocation and does not alter the simulated nature of your account or your rights under these Terms.

7.3. You acknowledge that:

• a) Paper Trading is purely fictional, meaning that the trades are paper and not in real financial instruments;
• b) The amount shown as capital in your paper account at any point is paper in nature, does not represent any deposit of funds and has no monetary value, and
• c) You will not be paid any remuneration or profits based on the results of your Evaluation Account.

7.4. You acknowledge that while your account is for Paper Trading and the trades do not involve real financial instruments, Propr reserves the right to replicate trades via a hybrid model. This may include A-Booking (executing on-chain proprietary trades via a liquidity venue for Propr's own risk and capital) or B-Booking (managing the trades via an internal book entry). The simulated P&L outcome for your Evaluation remains identical regardless of the execution method chosen by Propr.

Evaluation (Program)

7.5. You may enroll in an Evaluation Program in exchange for a fee. The specific terms, fees, account features, and duration for each Evaluation Program are detailed on the Platform. Enrollment in an Evaluation Program provides access to an Evaluation Account. You must adhere to all applicable rules, including the Forbidden Trading Practices and Risk Management Rules, to successfully complete the Evaluation Program.

7.6. You acknowledge that the Evaluation Program is distinct from the Funded Program (which is subject to separate terms and conditions). Successful completion of the Evaluation Program does not automatically entitle you to participate in the Funded Program.

7.7. As part of the Services, you have access to the following services:

• a) Analytical tools and educational materials;
• b) Access to the Account; and
• c) Other ancillary services, in particular, through the Account or by accessing applications provided by us or third parties.

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

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

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

Prohibited Conduct

8.4. You must not engage in any Paper Trading which involves Prohibited Conduct. A list of Prohibited Conduct is available in Annex 1 and Annex 2 below. You must familiarise yourself with the Prohibited Conduct. We reserve the right to determine, at our own discretion, whether certain paper trades, practices, strategies, or situations qualify as or fall within Prohibited Conduct. We may update the list of Prohibited Conduct from time to time. We may also impose restrictions on the use of the Trading Terminal from time to time if we reasonably suspect that your Paper Trading involves Prohibited Conduct.

Risk Management Rules

8.5. A fundamental aspect of our mission is to educate traders and enhance their skills to cultivate responsible trading habits. We strive to maintain a secure environment for traders to engage in Paper Trading and we retain the discretion to implement any measures we consider appropriate to prevent activities we deem analogous to gambling, unsafe for the continuation of the business or to prevent any other conduct that we, at our sole discretion, regard as misaligned with our mission and values.

8.6. When using the Services you must abide by certain risk management rules for trading on financial markets. These are defined by us at our discretion, acting reasonably, to ensure that activity is not designed to circumvent our rules. Please refer to the Propr Rulebook for more information - https://www.propr.xyz/rules.

Consequences of Prohibited Conduct and breach of Risk Management Rules

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

• a) Consider it a violation of the Terms;
• b) Cancel, consolidate, or reclassify one or more of your paper trades or remove any transactions that violate the Rules of Paper Trading from your trading history and/or not count their results in the profits and/or losses achieved in the Paper Trading;
• c) Immediately cancel all Services provided to you, including access to the Account and the Trading Terminal, and subsequently terminate any agreements concluded with you with immediate effect pursuant to Clause 12.2(b);
• d) Take applicable steps under these Terms in respect of any Evaluation and/or Funded Accounts you may have, including cancellation of all of your accounts or rewards thereunder and termination of the respective agreements;
• e) Reduce the offered leverage on any or all your accounts/paper trades;
• f) Enforce a limitation on the volume of any specific asset or asset class when Paper Trading;
• g) Impose restrictions on the use of the Trading Terminal; and
• h) Introduce any other additional measures we deem necessary, advisable or adequate in order to ensure your Paper Trading activity reflects long term sustainability and is not aimed at the mere exploitation of our model including temporary or permanent consistency measures.

8.8. We will endeavour to notify you of any action we take. However, we are not required to notify you before taking such action.

8.9. If some or all Prohibited Conduct is executed on one or more of your Evaluation Accounts, or accounts of various related customers, or by combining trading through Evaluation Accounts and Funded Accounts, then we are entitled to cancel all Services and terminate all agreements relating to all such involved accounts you have, with immediate effect, apply other measures in Clause 8.6 in respect of all such involved accounts with us.

8.10. We are not obliged to provide you with any compensation if we take any action against you in accordance with this Clause 8 (Rules of Paper Trading). In addition, we may adopt measures to prevent you from using our services in the future.

Automated Trading and AI

8.11. 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) The Propr reserves the right to restrict or disable automated trading for any Account if the trade frequency or volume adversely affects the Platform; and
• c) Using a bot strategy that is 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 other laws and regulations, and is our or our licensor's property. We grant you a limited, non-exclusive, non-transferable, non-assignable, non-passable, and revocable permission to use the Content for the purpose of using the Services for your personal use and in accordance with these Terms. The Content is not sold or otherwise transferred to you and remains our property or our licensor's property. Any misuse of our or our licensor's property will result in termination of the agreement pursuant to Clause 12 (Term and Termination) and misuse of our licensor's property will also subject you to liability under applicable law outside the terms of the agreement.

9.2. All trademarks, logos, trade names, and other designations displayed on, through or in connection with the Services are our property or our licensor's property, and we do not grant you any authorisation to use them.

9.3. Except for the rights expressly set out in these Terms, we do not grant you any other rights relating to the Services and the Content. You may only use the Services and the Content as expressly permitted in these Terms.

9.4. When accessing the Services and the Content you agree that you will not:

• a) Use any tools that may adversely affect the operation of the Platform, the Services or the Content, or that would be intended to take advantage of errors, bugs or other deficiencies of the Platform, the Services or the Content;
• b) Circumvent geographical restrictions of availability or any other technical restrictions;
• c) Make copies or back-ups of the Platform, the Services, or the Content;
• d) Reverse-engineer, decompile, disassemble or otherwise modify the Platform, the Services or the Content;
• e) Sell, rent, lend, license, distribute, reproduce, spread, stream, broadcast or use the Platform, the Services or the Content otherwise than as expressly permitted in these Terms;
• f) Use automated means to view, display or collect information available through the Platform, the Services or the Content; or
• g) Use any other tools or means the use of which could cause any damage to us, the Platform, the Services or the Content.

9.5. You must inform us if you use the same payment channel or payment component details, such as debit or credit card, external wallet or crypto address, or the same device (such as computer, mobile phone or tablet) for accessing the Services with any other user of our Services.

9.6. By participating in the Program, you grant us a non-exclusive right to use your anonymized trading statistics for marketing and transparency reports.

10. DISCLAIMER AND INDEMNIFICATION

10.1. The Services, the Platform and the 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 quality, merchantability, fitness for a particular purpose or non-infringement of any rights. We do not provide any guarantee for the quality of the Services and we make no express or implied representations that the Services, including the Trading Terminal and the Platform, will meet your or any other person's requirements, be compatible with any software, system or other services, accurate, complete, free of errors or fully accessible at all times.

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

• a) Any harm, including any direct, indirect or consequential damage, including lost income or profit, loss of data, personal or other non-monetary harm, or property damage caused as a result of use of the Services or reliance on any instrument, functionality, information or any other content available in connection with the use of the Services or elsewhere on the Platform;
• b) Our failure to provide the Services if that failure occurs due to technical or operational reasons beyond our control, in the case of any crisis or imminent crisis, natural disaster, war, insurrection, pandemic, a threat to a large number of people or other force majeure events, or if we are prevented from providing the Services as a result of any obligations imposed by law or a decision of a court or tribunal or public authority with competent jurisdiction over us;
• c) Any products, services, applications or other third-party content that you use in connection with the Services and we do not make any express or implied representations as to the compatibility of the Services with any such third-party content;
• d) The Trading Terminal and any information displayed on the Trading Terminal, all of which is provided by a third party, or for any interruptions, delays or inaccuracies in the market or statistical data displayed through the Trading Terminal or the instruments accessible within the Services or otherwise in connection with the Trading Terminal;
• e) We are not responsible for any harm caused by blockchain-specific events, including but not limited to: Hyperliquid Layer-1 downtime, smart contract vulnerabilities, oracle price feed delays, or 'slippage' caused by low on-chain liquidity; and
• f) Trading or other investment activities performed by you outside of your relationship with us, for example by using data or other information from the Account, Trading Terminal, or otherwise related to the Services in real trading on financial markets.

10.3. IN CASE OUR LIABILITY IS INFERRED IN CONNECTION WITH THE OPERATION OF THE PLATFORM OR PROVISION OF THE SERVICES, OUR LIABILITY SHALL BE LIMITED TO THE TOTAL FEES PAID BY YOU FOR THE SPECIFIC SERVICE GIVING RISE TO THE CLAIM.

10.4. Nothing in these Terms is intended to exclude, restrict or modify the application of any implied condition or warranty, any provision, the exercise of any right or remedy, or the imposition of any liability under the British Virgin Islands consumer law provisions or any other statute where to do so would contravene that statute; or cause any provision of these terms to be void.

10.5. You shall indemnify, hold harmless, and, at our option, defend us from and against any and all losses, damages, liabilities and costs (including reasonable attorneys' fees) resulting from any third-party claim, suit, action or proceeding ("Third-Party Claim") that the Services or the Platform, or any use thereof, infringes or misappropriates such third-party's intellectual property rights or other proprietary rights and any Third-Party Claims based on your:

• a) Negligence or wilful misconduct;
• b) Use of the Services or the Platform in a manner not authorised by these Terms;
• c) Use of the Services or the Platform in combination with data, software, hardware, equipment, or technology not provided by us or authorised by us in writing; or
• d) Modifications to the Services or the Platform not made by us, provided that you may not settle any Third-Party Claim against us unless we consent to such settlement, and further provided that we will have the right, at our option, to defend ourself against any such Third-Party Claim or to participate in the defence thereof by counsel of our own choice. To the fullest extent permitted by law, the indemnity provided in this Clause 10.5 shall survive the termination of the agreement.

11. BREACH OF THESE TERMS

11.1. We may prevent you from accessing existing Services, including to the Account and the Trading Terminal, without any prior notice, if you breach any provision of these Terms. If you breach Clause 2 (Eligible customers), Clause 4.3, Clause 8 (Rules of Paper Trading) or Clause 9 (Use of the Platform, Services and Content) or act in a manner that may damage our reputation, including after termination of this agreement, we will terminate one or more agreements and you will lose access to the Services. In addition, we may adopt measures to prevent you from using our services in the future.

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 the definite period of the relevant Program (Evaluation Program), as determined by us under Clause 7 (Our Services), or until terminated earlier in accordance with these Terms.

12.2. The agreement may be terminated early in the following cases:

a) The agreement terminates automatically and with immediate effect:

• i) in case you reject a Modification as set out in Clause 14.1;
• ii) upon your death, or
• iii) if your registration on the Platform is duplicative.

b) We may terminate the agreement with immediate effect:

• i) if you do not meet the criteria set out in Clause 2 (Eligible Customers);
• ii) if you breach the rules regarding personal use of the Services set out in Clause 8.2;
• iii) if access to the Account is terminated;
• iv) if you engage in Forbidden Trading Practices as set out in Clauses 8.6 to 8.9, including on any Evaluation Account;
• v) if we determine, acting reasonably, that the provision of Services under the agreement would adversely affect our ability to comply with our legal obligations or orders or decisions of any court, tribunal or public authority;
• vi) as a result of your breach of these Terms as set out in Clause 11 (Breach of these Terms), or
• vii) as a result of a change to these Terms as set out in Clause 14 (Changes).

12.3. Either party may terminate the agreement without cause by serving a written notice at least fourteen (14) calendar days in advance on the other party.

12.4. If the agreement is terminated, all Services provided under such agreement are terminated.

12.5. Notwithstanding any other provision of these Terms, the following Clauses will survive the termination of the agreement: 9 (Use of the Platform, Services and Content); 10 (Disclaimer and Indemnification), and 15 (Personal Information).

12.6. We are not obliged to provide you with any compensation if we exercise our rights set out in Clause 12.2.

13. TECHNICAL ISSUES AND COMPLAINTS

13.1. If you encounter any technical issue or defect of the Services you agree to report them to us at your earliest convenience via email at [email protected], Discord, or other communication channels available at the time, with the account identified and a description of the issue including the date and time. In case you proceed to perform new paper trades after observing a technical issue without receiving a response from our team, you may be deemed fully responsible for the outcome of such paper trades, even if these were affected by the identified technical issue. You acknowledge that we use tools utilising artificial intelligence for various tasks related to the Services, including by our technical support team.

13.2. If the Services do not correspond to what was agreed or the Services have not been provided to you, you can exercise your rights from defective performance. When exercising the rights from defective performance, you may only request that we remedy the defect or provide you with a reasonable discount. If the defect cannot be remedied, you can withdraw from each affected agreement or claim a reasonable discount.

13.3. If you have any complaints or suggestions, we will be happy to discuss them directly with you. You can file a complaint by sending an email to us. We will try to resolve any complaint you lodge as soon as possible, however no later than within thirty (30) calendar days, and we will confirm its receipt and settlement to you in writing. Acting reasonably, we are entitled to stop providing any of the Services to you and to refuse any future provision of any Services if you lodge a complaint which we deem to be unjustifiable.

14. CHANGES

14.1. We may amend these Terms in the future (each such amendment a "Modification"). We may send you a notice of any Modification before the change in the Terms is effective, via the Account or by email. Your continued use of the Services will constitute acceptance of the Modification. If you do not agree with the Modification, you are entitled to reject it. In such a case all agreements will be automatically terminated. We are not obliged to pay any compensation to you in case of any Modification.

14.2. We may amend these Terms to, among other things:

• a) Introduce new services or products or amend existing services or products;
• b) Reflect legal or regulatory requirements applicable to us or the Services;
• c) Make these Terms easier to understand and more helpful;
• d) Adjust the way our services are provided, particularly due to technological developments or changes in background processes; or
• e) Reflect changes in the cost of offering the Services.

15. PERSONAL INFORMATION

15.1. When providing the Services we will process your personal data in accordance with the Privacy Notice which may be updated from time to time.

15.2. You acknowledge that while providing the Services we have access to information about paper trades that you perform on the Trading Terminal. You consent to us sharing this information with other members of the Propr Group in connection with our or their services or to improve ours or their services, at our or their sole discretion, or processing and analysing this information, including by automated means. The information about paper trades that you perform on the Trading Terminal, which we share, use, process or analyse pursuant to the preceding sentence, is always anonymised. You agree that these activities may be performed automatically without any further consent or consultation on your part. You agree that you have no right or entitlement to any benefit in connection with the use of such data by us or another member of the Propr Group, and that we are not obliged to provide you with any information relating to our specific use of such information.

15.3. The termination of the agreement does not affect the processing and use of any personal data or Paper Trading information obtained prior to termination, provided that it is anonymised.

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.

16.2. Furthermore, unless both you and we agree otherwise in writing, a court or adjudicator may not consolidate more than one person's claims and may not otherwise preside over any form of a representative or class proceeding.

17. GOVERNING LAW AND JURISDICTION

17.1. The agreement, including these Terms, any Services provided thereunder, and any non-contractual obligations arising under or in connection with the agreement, are governed by and shall be construed in accordance with the laws of the British Virgin Islands.

17.2. Without prejudice to the Class Action Waiver in Clause 16.1, the courts of the British Virgin Islands shall have exclusive jurisdiction to settle any dispute arising under or in connection with the agreement (including any dispute relating to the existence, validity, or termination of the agreement).

18. COMMUNICATION AND NOTICES

18.1. We will generally communicate with you, and give you notices in connection with the provision of the Services, electronically via the Account or to the email address which you have registered with us. You may not change the email address after registration. You consent to us providing any notices or documents which we are required to provide to you under applicable law in this manner. Such communication is considered written communication and delivered when we have sent it to your registered email address or when it has been added to the Account. You are responsible for ensuring that your email address is accessible to you for the purpose of receiving communications from us.

18.2. Please use the methods listed here for all communication regarding this agreement or the Services. In case of any technical issues or defects of the Program or the Services you may use the forms available here. We will consider a notice or communication to be received when it is actually delivered to our designated email address or through the other specified communication forms.

19. GENERAL

19.1. We have not adopted any consumer code of conduct.

19.2. The agreement is concluded in the English language. By entering into the agreement and accepting the Terms, you confirm that you understand the English language and agree to communicate with us in English language for all purposes arising under the agreement including with respect to submitting and resolving any issues you raise.

19.3. The agreement, together with any other documents incorporated herein by reference, constitutes the sole and entire agreement between you and us with respect to the subject matter of this agreement and supersedes all prior and contemporaneous understandings, agreements, and representations and warranties, both written and oral, whether express or implied, with respect to such subject matter. In the event of a conflict between the wording of the main text of these Terms and any document referred to in these Terms, the main text of these Terms shall prevail.

19.4. You agree that we may assign or transfer the agreement, any part thereof or any individual obligations or any individual rights arising therefrom to a third party. We may also agree with a third party on any assumption of our debts and obligations under the agreement at any time and at our sole discretion. You may not transfer the agreement, any part thereof or any individual obligations or any individual rights arising therefrom to a third party without our prior written consent.

19.5. If at any time any provision of the agreement is or becomes void, illegal, invalid, effective or unenforceable in any respect, it will not affect the validity, effectiveness and enforceability of the remaining provisions of the agreement. Any such void, illegal, invalid, effective or unenforceable provision of the agreement will be replaced by incorporation of a provision which best achieves the commercial effect that we intended thereby, and is valid, effective and enforceable.

19.6. In no event shall we be liable to you, or be deemed to have breached this agreement, for any failure or delay in performing our obligations under this agreement, if and to the extent such failure or delay is caused by any circumstances beyond our reasonable control, including but not limited to acts of God, flood, fire, earthquake, explosion, war, terrorism, invasion, riot or other civil unrest, strikes, labour stoppages or slowdowns or other industrial disturbances, or passage of a law or any action taken by a governmental or public authority, including imposing an embargo.

19.7. No past or future practice established between the parties and no custom maintained in general or in the industry relating to the subject-matter of the performance, which is not expressly referred to in the agreement, will be applied and no rights and obligations will be derived from them for the parties. In addition, they will not be taken into account in the interpretation of manifestations of the will of the parties.

19.8. Each of us acknowledges and agrees that a breach or threatened breach by such party of any of its obligations under Clause 9.4 would cause the other Party irreparable harm for which monetary damages would not be an adequate remedy and agrees that, in the event of such breach or threatened breach, the other Party will be entitled to an injunction, specific performance, and any other relief that may be available from any court. Such remedies are not exclusive and are in addition to all other remedies that may be available at law, in equity, or otherwise.

19.9. No failure to exercise, or any delay in exercising, on our part, any right under the agreement will operate as a waiver, nor will any single or partial exercise of any right prevent any further or other exercise or the exercise of any other right.

19.10. Both you and we undertake to act in accordance with the principles of fair dealing in the performance of the agreement and in mutual negotiations and, in particular, not to damage each other's reputation and legitimate interests. You and we will work in good faith to resolve any possible disagreements or disputes in accordance with the agreement and applicable law.

19.11. Prior to the conclusion of the agreement and acceptance of the Terms, both parties to the agreement have carefully assessed the possible risks arising from them and accept those risks.

ANNEX 1 - FORBIDDEN TRADING PRACTICES

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

1. Exploiting platform bugs or glitches: Intentionally exploiting technical errors, latency issues, price feed anomalies, or liquidity venue infrastructure issues for profit.
2. 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 Evaluation Account or accessing, or performing paper trades on, any other person's Evaluation Account.
3. Identity fraud: Providing false identity information during registration or KYC verification. This includes using another person's identity documents or creating multiple identities.
4. Position caps: Position caps based on Open Interest (OI) are calculated at the time of order execution. However, the 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:

1. 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.
2. 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.
3. 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.
4. 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.
5. Copy trading between your own Accounts: Running identical or mirror trades across multiple Accounts you control. Each account must be traded independently. Copy trading from an external, non-Propr account into a single Account is permitted.
6. 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).
7. 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.
8. 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 trading 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 Program.