NOVAFUNDING TRADING Evaluation

TERMS OF USE - MICRO TRADER

ACCOUNT DETAILS:

NOVAFUNDING MICRO TRADER TRADING EVALUATION(PHASE 1):

The Evaluation phase has been completed when the trader has not violated any trading rules or objectives or
general terms and conditions and when the trader has reached the profit target within 150 calendar days without
reaching maximum loss or maximum daily loss limits. There are no time limits during the evaluation, however we
have a 150 day limit set to prevent inactive accounts from holding space in our system. If for any reason a trader
has reached the 150 day threshold while still respecting all risk parameters, we will extend the timeframe as
needed. If a trader's account reaches 150 days without passing the evaluation parameters, the system will rule it
as failed unless the trader gets in touch with Nova Funding to request a extension beforehand.

If the Trader has met the conditions of the NovaFunding Trading Evaluation, the Provider will evaluate the
NovaFunding Trading Evaluationas successful and will make the Funded Account available to the Trader free of
charge by sending login details to the Trader’s e-mail address or Client Section.

The trader will receive a Funded Account account within 3 business days from completing the phase 1. If in the
rare case a traders evaluation is held for extended review, the trader will recieve his/her account within 9
business days.
Trading period: Trading period starts any time you will open your position and it will end after 150 calendar days.
Keep note, the evaluation has no time limits, you can request further time as needed but you must reach out to the
team 1 week before meeting the 150 day threshold in order to keep your evaluation stage active.

Maximum loss: This rule can also be called “account stop-loss”. Maximum Loss is the difference between your
highest recorded balance or equity and your current balance or equity.

Maximum daily loss: This rule can also be called “trader’s daily stop-loss”. The rule says that at any moment of
the day (EE(S)T – Eastern European Summer Time), the daily equity decrease must not hit the predetermined
limit. The counting formula: Current daily loss = Highest balance or equity point of the day - current equity.

Profit target: Depending on chosen trading strategy and phase, the minimum profit target to complete the phase is
set to 10% of the initial balance. Profit target means that a trader reaches a profit of at least 10% of the initial account
balance in the sum of closed positions on the assigned trading account in 90 calendar days. Also, at the end of the
trading period, all positions must be closed. For example: If you trade Evaluationwith $100,000 capital targeting min.
10% = your profit target is $10,000.

Maximum leverage is 1:100. Available leverage depends on the chosen broker.

EXPLANATION OF UPCOMING PHASES:

NOVAFUNDING MICRO TRADER PROGRAM (PHASE 2):

The trader will sign a NovaFunding Trader Program agreement with the EvaluatorThe trader will receive access
to the NovaFunding Trader Program account (Phase 2) within 3 business days after the NovaFunding Trader
agreement has been signed. If in the rare case a traders evaluation is held for extended review, the trader will
recieve his/her funded account within 9 business days.

The minimum profit target will be removed during the funded stage.

The trader must request the account review + commission payout via Client Area "Close Period" button after the
minimum trading period has been completed, any rules or general terms and conditions haven’t been violated,
minimum calendar days have been met, and after the trader has closed all open positions.

If the Trader has met the conditions of the NovaFunding Trader Program, the Provider will evaluate the trading
period as successful and make a new trading period account available within 3 business days from the account
review.

The trader receives a commission of total profits made after the trading period has been completed and reviewed.
The commission will be made available to the Trader’s account on Evaluator
 The trader will receive a new NovaFunding Trader account after every period of trading as long as the trader
hasn’t reached loss limits or violated any other Proprietary Trading Company’s rules or objectives or general terms
and conditions.

Profit Split 1 becomes eligible within 21 days.

Profit Split 2 becomes eligible following 21 days of your first trade after your first payout.

Profit Split 3 becomes eligible following 14 days of your first trade after your second payout.

All payouts to the trader moving forward are bi-weekly at 80%.

NOVAFUNDING TRADING Evaluation: TRADING POLICIES

NovaFunding Trading Evaluation(hereinafter referred to as “NovaFunding Evaluation”, “NovaFunding Trading

Evaluation,” “Nova Trading Solutions LLC,” “Evaluation,” and/or “we” and/or “our” and/or “us”) is operated under the
name Nova Trading Solutions LLC. Nova Trading Solutions LLC is a company registered at 8911 N. Capital of Texas
Highway Suite 4200-305, Austin, TX, 78759 . REG NO.:92-1850738. Nova Trading Solutions LLC is a company who
evaluates and recommends traders to Evaluator, the third-party Proprietary Trading company and Metaquotes
technology provider (hereinafter referred to as “Evaluator” or “Proprietary Trading Company”. All access and/or use of
our services is subject to our General Terms and Conditions and these Trading Policies (hereinafter referred to as
“Terms of Use” and/or this “Agreement”) in accordance with the terms for. For your benefit and protection, it is
mandatory for you take enough time to read and understand this entire Agreement, as well as any other additional
information available to you on and the Client Section (hereinafter referred to as “Website”) prior to subscribing to any
services with us and before you enroll in the Evaluationor pay any fees.www.nova-funding.com

You must read, agree with and accept all the terms and conditions contained in this Agreement without modifications.
Should you not understand any part of this Agreement or any information available on the Website, you should
contact us before subscribing to the service and taking part in the Evaluation, or you should seek independent legal
advice.

3.1 Parties. This Agreement is made between yourself, as our client (hereinafter referred to as “you” or “your'' or,
“trader” or in general terms, the “client”) and NovaFunding Trading Evaluation. This Agreement describes in full
detail the Terms of Use you must accept, without restrictions or objections, before registering with us. By registering
with us, you are acknowledging that you have read and fully understand these Terms of Use.

3.2 Trading. It is important to understand that under this program we are looking for a trader who can generate
stable, long term returns. As such, you hereby agree, not to trade with ‘unreasonable’ risk or gambling kind
strategies. All trading activity will be monitored in real time to be sure you adhere to the restrictions and guidelines
below. Failure to do so may end our relationship immediately and forfeiture of any fees paid or profits due.

3.2.1 Traders may not use any EA's, scripts or robots which engage in High Frecuency Trading during the funded
stage. Nor may traders engage in copy trades or following other traders' entry and exit signals. NovaFunding shall
have the right to deem that Traders are coordinating or participating in trade copying if several trades with the same
instruments in the same direction are made within seconds of each other. All trades must be based on the trader's
own analysis and decisions. Traders may copy trades internally from their own funded accounts with other firms or
through their own Nova Funding accounts. If a trader is participating in copy trading and matches multiple users on
our platform, they will be given a violation.

3.2.2 Providing Signals to third parties: The Trader is not allowed to provide trading signals from NovaFunding
Trading Evaluation account nor from the NovaFunding Trading Program Account in any format (digitally or manually)
to third parties or any other NovaFunding Accounts without NovaFunding approval.

3.2.3 News event trading: News event trading is allowed in NovaFunding Trading Evaluation (Phase 1) and during
The Funded Phase (Phase 2). Economic events can be found in the Client Section under the menu link “Economic
Calendar”. Please remember, high impact news can affect instruments that are not directly correlated to the country
releasing its economic data. The use of delayed data feed, tick scalping, or any form of risk-free profit during the
funded stage is not allowed. There are no restrictions during the evaluation at this moment, attempting to use any
form of risk-free profit on the funded stage is strictly prohibited.

3.2.4 Responsible and consistent strategy: Your trading strategy must be responsible and consistent during the
whole trading period. Your trading must demonstrate that your strategy works in the long term and is not based on
pure luck. If the Trader places an unusually large number of orders for the Services within an unreasonably short
period of time or places unusually large or small orders compared to previous trades, it will be considered as
harmful or gambling behavior of the Customer. In such cases, the Provider reserves the right to suspend any further
orders of the Services by the Customer and has the right to terminate Trader’s account. If we identify that the
unusual behavior as per this
paragraph relates to the Customer's involvement in Forbidden Trading Practices, we may take respective actions
as perceived in Section 5 of General Terms and Conditions (https://nova-funding.com/legal). The Provider
reserves the right to determine, at its own discretion, the nature of the behavior described above and reasonable
boundaries for such determination.

3.2.5 Grid Trading EA's, Martingale EA's, and Guaranteed Limit Order Fills are all strictly prohibited during the
funded trading stage. Each trader can find more information, including examples and a full explanation, in our
Frequently Asked Questions page under "Prohibited Trading Styles Explained"

What meets the criteria of a trading day?

Your average trade size is used to calculate a trading range. The range is determined by adding 100% to your
average trade size to determine the maximum value and subtracting 75% to determine the minimum value. If
your average trade size was 20 Lots. This means that any trades that fall within the range of 5 to 40 lots would be
considered consistent with your average trade size and is a normal trading day. The consistency rule applies
to the funded stage only. Per trader payout, funded traders must engage in 5 minimum trading days
throughout the trading period. A trading period is indentified as the point where a trader takes their first
trade, into the time of payout. If a trade does not engage in the minimum of 5 trading days through their
trading period, they can continue trading at their own pace until eligible for a payout.

During the funded stage, we encourage the trader to be aware that a "series" of trading outcomes will lead to a
payout. Taking 1 winning trade, followed by 0.01 positions for 4 days to meet the minimum 5 day rule will not
constitute as minimum trading days, as this does not correlate to real trading. Traders must execute a minimum of 5
applicable trades on 5 seperate trading days related to their strategy to be eligible for each payout. This displays
consistency and classifies the type of traders we are looking for. We would like to make it clear that this should not be
a problem for any trader with an edge within the foreign exchange market. Where as most firms have mutliple stages
for understanding a trading style of a client, we allow our traders to display performance on the live stage quickly so
they can be rewarded for their early performance, with this minor obligation set in place. We see this as fair, since the
evaluation has zero restrictions, and traders are able to move into the "funded" stage as soon as 72hrs from beginning
our program.

3.2.5 Trading Instruments: NovaFunding Trading Evaluation(Phase 1) includes all instruments your chosen brokerage
is offering for your chosen trading platform

3.2.6 All positions must be closed before the trading period will end and before the trading period can be reviewed.

3.2.7 Exceptions: Based on your individual trading methods, it is possible to be granted an exception, however,
exceptions are granted only after an interview with our Risk Management team. Without such granted
exception(s), traders who take unreasonable risk may face termination of our relationship.

4.0. Trading Account Management & Right of Refusal. The Company has the right to refuse to conclude the
contract of the NovaFunding Trading Evaluation account with the Customer – during any part of the Trading
Evaluation. Should any concerns about profitability and excessive risks on a Real account arise, the company will
attempt to contact the client immediately to conduct an interview and discuss employed trading practices. The
company will attempt to find a remedy for the situation, however, should there be no remedy for concerns, the
company reserves the right to terminate this Agreement immediately. Such concerns that may include:

4.1 The Company’s potential for suffering financial losses;

4.2 Investors of the company’s potential for suffering financial losses;

4.3 The potential damage to the Company’s reputation due to unreasonable losses of Investor funds.

4.4 Protection of Capital. Evaluator is under contractual obligation to protect investor funds against risk of
unreasonable losses of capital under management, as described above. Should the company suspect that
trading practices employed by a trader on a Demo account would not prove profitable on a Real account, the
company reserves the right to terminate a contractual relationship with the trader.

4.5 Termination of Agreement Due to Concerns, Trading Violations And Ethics. Any of following violations will result
in immediate termination of our contractual relationship, unless you are able to justify the occurrence: (Funded
Stage)

Any form of arbitrage performed in your trading account E.g., usage of specialized software programs that are
designed to exploit possible price latencies on a Trading Platform or that allow for the use of technological and/or
algorithmic trading patterns that are aimed at exploiting price latency/priced freezes for arbitrage opportunities on a
Trading Platform, thus resulting in unrealistic and/or fake profits on a trading account, which would not be possible
 within the real trading environment.

Abuse of technological issues of a broker, intentional or otherwise, where opening and closing prices might be
readjusted and traders will be able to continue trading, which would decrease the profitability or increase the
loss, this data will not be taken into account for ‘passing qualification’.

Usage of guaranteed ‘Take Profit’ and ‘Stop Loss’ to trade news/price and weekend gaps, due to its possibility in a
Demo account, but not on a Real account.

4.6 Difference between Demo and Real Accounts.

The client confirms good understanding of major differences between Live and Demo trading, which include but
are not limited to the following:

In most cases – Demo accounts have better prices and abnormal execution behavior relative to the markets.
Therefore, a client has to consider that an employed trading system should be able to perform profitably in a real-
market scenario, even with a slightly less favorable spread.

Demo accounts have no or very little (artificial) slippage, due to no real liquidity.

Unlike Demo accounts, Real accounts with trades over 1 Standard Lot might not be filled immediately or fully on a
Real Account.

On a real account ‘Stop Loss’ and ‘Take Profit’ are filled only at the level of the closest available liquidity, not at the
level of a set price.

Orders on Demo accounts are executed at the quoted price, whereas quoted price of a Real account displays
the last available quote of an instrument, not necessarily the available quote.

5. Forbidden trading practices.

5.1 DURING THE FUNDED STAGE, IT IS PROHIBITED TO:

(a) KNOWINGLY OR UNKNOWINGLY USE TRADING STRATEGIES THAT EXPLOIT ERRORS IN THE SERVICES
SUCH AS ERRORS IN DISPLAY OF PRICES OR DELAY IN THEIR UPDATE;

(b) PERFORM TRADES USING AN EXTERNAL OR SLOW DATA FEED;

(c) PERFORM, ALONE OR IN CONCERT WITH ANY OTHER PERSONS, INCLUDING BETWEEN CONNECTED
ACCOUNTS, OR ACCOUNTS HELD WITH DIFFERENT NOVAFUNDING ENTITIES, TRADES OR COMBINATIONS
OF TRADES THE PURPOSE OF WHICH IS TO MANIPULATE TRADING, FOR EXAMPLE BY
SIMULTANEOUSLY ENTERING INTO OPPOSITE POSITIONS;

(d) PERFORM TRADES IN CONTRADICTION WITH THE TERMS AND CONDITIONS OF THE PROVIDER
AND THE TRADING PLATFORM;

(e) USE ANY SOFTWARE, ARTIFICIAL INTELLIGENCE, ULTRA-HIGH SPEED, OR MASS DATA ENTRY WHICH
MIGHT MANIPULATE, ABUSE, OR GIVE YOU AN UNFAIR ADVANTAGE WHEN USING OUR SYSTEMS OR
SERVICES; OR

(f) OTHERWISE PERFORM TRADES IN CONTRADICTION WITH HOW TRADING IS ACTUALLY PERFORMED IN
THE FOREX MARKET OR IN ANY OTHER FINANCIAL MARKET, OR IN A WAY THAT ESTABLISHES
JUSTIFIED CONCERNS THAT THE PROVIDER MIGHT SUFFER FINANCIAL OR OTHER HARM AS A RESULT
OF THE CUSTOMER’S ACTIVITIES.

(g) ENGAGE IN ANY FORM OF 3RD PARTY ACCOUNT MANAGEMENT SERVICES. ALL FUNDED
ACCOUNTS SHOULD BE TRADED BY THE REGISTERED USER ONLY.

5.2 Furthermore, Customer shall not exploit the Services by performing trades without applying market standard
risk management rules for trading on financial markets, this includes, among others, the following practices (i)
opening substantially larger position sizes compared to Customer’s other trades, whether on this or any other
Customer’s account, or (ii) opening substantially smaller or larger number of positions compared to Customer’s
other trades, whether on this or any other Customer’s account.

The Provider reserves the right to determine, at its own discretion, whether certain trades, practices, strategies or
situations are Forbidden Trading Practices.
5.3 If the Customer engages in any of the Forbidden Trading Practices described in clause 5.4, (i) the Provider may
consider it as a failure to meet the conditions of the particular NovaFunding Trading Evaluationor Verification, (ii)
the Provider may remove the transactions that violate the prohibition from the Customer’s trading history and/or not
count their results in the profits and/or losses achieved by the demo trading, or (iii) to immediately cancel all
Services provided to the Customer and subsequently terminate this Agreement.

5.4 In case when some or all Forbidden Trading Practices are executed on one or more NovaFunding Trading
Evaluationand Verification accounts of one Customer, or accounts of various Customers, or by combining trading
through NovaFunding Trading Evaluationand Verification accounts and NovaFunding Trader accounts, then the
Provideris entitled to cancel all Services and terminate all respective contracts related to any and all Customer’s
NovaFunding Trading Evaluationand Verification accounts.The Provider may exercise any and all actions in Clauses
5.5 and 5.6 at its own discretion.

5.5 If any NovaFunding Trader accounts were used for or were involved in the Forbidden Trading Practices, this
may and will constitute a breach of respective terms and conditions for the NovaFunding Trader account with third-
party provider and may result in cancellation of all such user accounts and termination of respective agreements
by the third-party provider.

5.6 If the Customer engages in any of the practices described in clause 5.4 repeatedly, and the Provider has
previously notified the Customer thereof, the Provider may prevent the Customer from accessing all Services or
their parts, including access to the Client Section and Trading Platform, without any compensation. In such a case,
the Customer is not entitled to a refund of the fees paid.

5.7 The Provider does not bear any responsibility for trading or other investment activities performed by the
Customer outside the relationship with the Provider, for example by using data or other information from the Client
Section, Trading Platform, or otherwise related to the Services in real trading on financial markets, not even if the
Customer uses for such trading the same Trading Platform that the Customer uses for demo trading.

5.8 DEVELOPMENTS IN FINANCIAL MARKETS ARE SUBJECT TO FREQUENT AND ABRUPT CHANGES.
TRADING ON FINANCIAL MARKETS MAY NOT BE PROFITABLE AND CAN LEAD TO SIGNIFICANT FINANCIAL
LOSSES. ANY PREVIOUS PERFORMANCES AND PROFITS OF THE CUSTOMER’S DEMO TRADING ARE NOT
A GUARANTEE OR INDICATION OF ANY FURTHER PERFORMANCE.

6. Indemnity and Liability.

6.1 The company shall not be liable to Client or to any third party except by reason of acts that constitute
gross negligence, bad faith or intent to defraud on behalf of the company.

6.2 Client will indemnify, hold harmless, and defend the Company and its members against any liability, loss cost,
damage, or expense and any amount paid in settlement thereof to which any of them may become subject to in
acting pursuant to or in furtherance of this Agreement or in connection with any transaction for the Account.

6.3 The company will not hold the client financially liable for any losses incurred by Investors on Real Trading
accounts, which were the result of technical issues, or caused due to ‘unusual’ market movements, which could not
be avoided with risk mitigation.

6.4 Only one user profile per verified individual is permitted and up to $200,000 in active funded stage accounts or
evaluations is allowed at one time. One user profile/verified individual can have multiple accounts with the
Proprietary company. Traders are not permitted to allow others to trade their account and may not trade on any
other NovaFunding account. IP addresses, device IDs and behavioral data maps will be used by the automated risk
system as a basis for determining unauthorized trading activity. All traders must be contactable on the telephone
number provided during verification at any time a position is held in the markets. NovaFunding reserve the right to
demand extra video verification at anytime. Failure to contact the trader or to verify identity will result in trade
deletion and/or account suspension.

7. Refund Policy: The client has the right to cancel the ordered services within 14 days of purchasing the services
(NovaFunding Trading Evaluation) if the challenge stage has not been traded or displayed any form of activity. The
client is aware and agrees that this does not apply after starting to use the services, meaning opening the first trade
on the allocated Evaluation account. More about refund and cancellation policy on NovaFunding General Terms and
Conditions (https://nova-funding.com/legal)

8. Term of The Agreement.

8.1 Either party may terminate this Agreement at any time upon at least 5 business days’ prior written notice to
the other via email or telephone.
8.2 This Agreement shall terminate immediately under the following conditions I. upon the liquidation or bankruptcy
of the Company or the Contractor. II. The inability to participate in any form of work (trading) by the contractor due
to health or personal reasons. lll. A breach from the contractor. Breaches include but are not limited to: A failure to
meet challenge parameters. Use of prohibited trading strategies or malicious practices.

9. NovaFunding Trader Program and Trader commissions (Phase 2).

If the Customer is successful in the Evaluation phase, the trader will be recommended to the NovaFunding Funded
Trader Program, the proprietary trading platform operated by Evaluator and may be offered a contract by this third-
party company. To get accepted to the NovaFunding Trader Program the trader must open an account with
Evaluator, provide required KYC documentation and sign an agreement with a company. If the trader will be accepted
to the program, the trader can start trading at the same initial capital account size as the trader was trading in the
Trading Evaluation. The trader can also start earning performance commissions according to the agreement signed
with the Proprietary Trading Company. All Traders are compensated on a profit split basis only. Trader performance
commission depends on the chosen program, risk level and phase. The trader may request withdrawal anytime when
his/her account balance on Evaluator is positive. Payments will be made by DEEL, Cryptocurrency, or any other
payment methods available with Evaluator. Alternative payment methods may be available, however the trader must
ensure that bank transfers related to FX are receivable by the institution and its regulators in the traders geographic
location. Evaluator will not be responsible for failure to deliver a payout due to adverse regulatory directives or
rejection in any country or region. Nor will payment be re-sent in the event of rejection of transfer by the receiving
foreign institution. The receiver may be charged by the payment system.

10. Risk Disclosure.

All content published and distributed by Nova Trading Solutions LLC and its affiliates (collectively, the “Company”) is
intended solely for the study purposes related to trading on financial markets and does not serve in any way as a
specific investment recommendation, business recommendation, investment opportunity analysis or similar general
recommendation regarding the trading of investment instruments. Trading in financial markets is a high-risk activity
and it is advised not to risk more than one can afford to lose! Nova Trading Solutions LLC does not provide any of the
investment services listed in the Capital Market Undertakings Act No. 256/2004 Coll. The information on this
document is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to
local laws or regulations. Nova Trading Solutions LLC is not a broker and does not accept deposits. The offered
technical solution for the NovaFunding Trader platform and data feed is powered by the institutional liquidity
providers. Nova Trading Solutions LLC or its brokers may:

change margin requirements at any time in line with perceived or actual excessive changes in volatility and/or
liquidity

cancel orders or trades at anytime in line with perceived or actual risk of non execution of stop or limit orders due
to market conditions

NovaFunding or its brokers are not responsible for the variable spread, liquidity levels or limit order execution
parameters provided by liquidity providers and market makers.

CFTC Rules 4.41 – Hypothetical or Simulated performance results have certain limitations. Unlike an actual
performance record, simulated results do not represent actual trading. Also, because the trades have not actually
been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors,
such as lack of liquidity. Simulated trading programs, in general, are also subject to the fact that they are designed
with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or
losses similar to those shown.

11. Approval. Trader has read, understood and agreed to NovaFunding Trading Evaluationterms and rules on
this document, Detailed Explanation of Trading rules and objectives published on nova-funding.com and to all
NovaFunding Terms and Conditions published on https://nova-funding.com/legal

No provision of this Agreement may be waived or amended unless the waiver or amendment is in writing
and signed by the Clients and an authorized officer of the Company. This Agreement shall be subject to the
law of United States.

This agreement can be also approved and signed by all parties digitally in the NovaFunding Client

Section. TRADER: jkneam@gmail.com

The Trader has approved this agreement digitally on app.nova-funding.com

Timestamp: 2023-08-13 03:10:18

IP address: 162.254.206.179

COMPANY: Nova Trading Solutions LLC

EMAIL: support@nova-funding.com

ADDRESS: 8911 N. Capital of Texas Highway Suite 4200-305, Austin, TX, 78759

EU ID NO: 92-1850738

The copy of this agreement is available for both parties on app.nova-funding.com / Client Section
Program type: MICRO TRADER Trading
Evaluation
Program phase: Phase 1: Evaluation

Initial capital: $25,000

Strategy/risk level: Normal

Bonus option:

Brokerage: Foreign Exchange Clearing

House
Available trading Everything the broker is offering
instruments:
Trading platform: Metatrader4

Trading period starts: Anytime within 30 days from

application
Trading period ends: After 150 days from opening the
first position
Time Zone: Eastern European (Summer)
Time

PHASE 1: STRATEGY:
Evaluation NORMAL

Trading period 150 days

Minimum trading days 1 days

Maximum loss: 8%

- Max. daily loss 4%

Profit target: 10%

PHASE 2: STRATEGY:
FUNDED TRADER NORMAL

Trading period 150 days

Minimum trading days 5 days

Maximum loss: 8%

- Max. daily loss 4%

Profit target: N/A

Profit Split 1: 50% of total

PERFORMANCE
profits Profit Split 2: 70% of
COMMISSION:
total profits Profit Split 3: 80%
of total profits