Terms of Service and Proprietary Trading Framework

1. Definitions

1.1 “Associate Status” means the conditional status granted by the Firm, in its sole and absolute discretion, to a User whom the Firm permits to contribute trading signals or strategic inputs in relation to the Firm’s proprietary trading activity under these Terms.

1.2 “Evaluation Fee” means the fee payable by a User for access to the Evaluation Program on the Platform.

1.3 “Evaluation Program” means the simulated trading performance assessment and analytics program made available by the Firm through FundedIn.

1.4 “Firm” means Credantium LLP, a Limited Liability Partnership incorporated under the Limited Liability Partnership Act, 2008, having its registered office at 1582/20, Kudappanakunnu, Thiruvananthapuram, 695043, Kerala, India.

1.5 “FundedIn” means the proprietary simulated trading evaluation platform operated and maintained by the Firm.

1.6 “Platform” means the software interface, systems, infrastructure, analytics tools, dashboards, and related technology made available by the Firm through FundedIn.

1.7 “Proprietary Engagement” means the limited and conditional arrangement under these Terms pursuant to which a User, after being expressly designated by the Firm for Associate Status, may provide trading signals or strategic inputs solely in relation to the Firm’s proprietary trading operations.

1.8 “User” means any individual who registers for, accesses, or participates in the Evaluation Program or otherwise uses the Platform.

2. Nature and Scope of These Terms

2.1 These Terms govern both the User’s access to and participation in the Evaluation Program and, where expressly activated by the Firm under these Terms, the User’s Proprietary Engagement.

2.2 These Terms are the sole agreement between the Firm and the User in relation to the subject matter hereof. No separate agreement shall be required for a User to be granted Associate Status or to participate in any Proprietary Engagement, unless the Firm expressly determines otherwise in writing.

2.3 The Evaluation Program is strictly a simulated, non-executory, non-investment, and technology-based performance assessment service provided for analytical, educational, and evaluative purposes only.

2.4 Nothing contained in these Terms, on the Platform, or in any communication issued by the Firm shall constitute or be construed as an offer of investment, invitation to invest, solicitation of funds, securities offering, financial product, portfolio management service, investment advisory service, asset management service, collective investment arrangement, deposit-taking activity, brokerage service, or any other regulated financial service.

2.5 The User acknowledges and agrees that payment of any Evaluation Fee is solely for access to software, simulated infrastructure, analytics, administrative services, and related technology features made available through the Platform, and does not constitute an investment, deposit, capital contribution, or participation in any income-generating or profit-sharing arrangement.

3. Evaluation Program

3.1 The Evaluation Program is a simulated environment designed to assess trading decision-making, rule adherence, discipline, and performance metrics through hypothetical or simulated market activity.

3.2 The User may input hypothetical trading decisions into the Platform and receive simulated analytics, scoring outputs, performance data, and related statistical information generated by the Platform.

3.3 All activity within the Evaluation Program is simulated and non-executory in nature. No order, trade, instruction, or signal entered by the User during the Evaluation Program is transmitted to any stock exchange, broker, intermediary, execution venue, or market participant.

3.4 No real capital is deployed on behalf of the User in the Evaluation Program. The Firm does not receive, hold, manage, invest, pool, or deploy User funds in connection with the Evaluation Program.

3.5 The User acknowledges that simulated results may differ materially from real market performance and may fail to reflect actual market conditions, including liquidity constraints, slippage, brokerage, taxes, latency, market impact, execution priority, partial fills, circuit limits, position restrictions, or regulatory constraints.

3.6 The Platform may use delayed, estimated, reconstructed, aggregated, or otherwise modified data for simulation, testing, visualization, scoring, or analytics purposes.

4. Evaluation Fees

4.1 Access to the Evaluation Program may be subject to payment of an Evaluation Fee.

4.2 The Evaluation Fee is charged solely in consideration of access to the Platform, use of the Firm’s proprietary software and systems, access to performance analytics, simulated infrastructure, and related administrative and technology services.

4.3 The Evaluation Fee shall not be construed as an investment, security, deposit, loan, contribution of capital, or pooled participation amount.

4.4 Payment of the Evaluation Fee shall not entitle the User to capital allocation, funded status, Associate Status, compensation, profit share, revenue share, financial return, or any form of guaranteed opportunity.

4.5 Evaluation Fees are non-refundable except to the extent refund is expressly required under applicable law or expressly offered by the Firm in writing.

5. Qualification and Eligibility

5.1 Participation in the Evaluation Program, including successful completion of any performance target, threshold, benchmark, or rule set, shall not create any right or entitlement to Associate Status, Proprietary Engagement, capital allocation, compensation, employment, consultancy, partnership, or any other commercial opportunity.

5.2 The Firm retains sole and absolute discretion in determining whether any User may be granted Associate Status under these Terms.

5.3 Where a User meets the performance criteria, rules, and requirements specified by the Firm under the Evaluation Program, such User may be designated by the Firm as eligible for Associate Status under these Terms. Such designation shall be subject to internal verification, compliance checks, risk review, and any additional conditions determined by the Firm. Meeting the evaluation criteria does not, by itself, create a legally enforceable right to Associate Status, capital allocation, or continued participation, and the Firm retains the right to withhold, delay, or deny such designation where it reasonably considers it necessary for compliance, risk management, or operational reasons.

5.4 The User acknowledges that participation in the Evaluation Program is not undertaken as an investment and is not entered into with any expectation of profit, return, income, or financial gain.

6. No Client, Advisory, Employment, Agency, or Partnership Relationship

6.1 Participation in the Evaluation Program does not create any client relationship, fiduciary relationship, advisory relationship, portfolio management relationship, agency, employment relationship, partnership, joint venture, beneficial ownership, or other representative capacity between the User and the Firm.

6.2 The Firm does not manage or invest funds on behalf of the User, and the User is not an investor, client, partner, beneficiary, or account holder of the Firm by virtue of participation in FundedIn.

6.3 A User granted Associate Status under these Terms acts solely in the limited capacity expressly set out in Clause 7 and shall not, by reason of such status, be deemed an employee, agent, partner, representative, or client of the Firm.

7. Conditional Proprietary Engagement Under the Same Terms

7.1 This Clause 7 and the related provisions of these Terms shall apply only if and when the Firm, in its sole and absolute discretion, grants the User Associate Status under these Terms.

7.2 Upon the Firm granting Associate Status, the User may be permitted, subject to the Firm’s internal controls, risk parameters, and operational policies, to provide trading signals, strategic inputs, model indications, or similar non-executory inputs solely for the Firm’s proprietary trading operations.

7.3 The grant of Associate Status under these Terms does not require a separate agreement, unless the Firm expressly requires one in writing. In the absence of such separate written agreement, these Terms shall govern the entire relationship between the Firm and the User, including the Proprietary Engagement.

7.4 The User acknowledges that Associate Status is discretionary, revocable, non-exclusive, personal, non-transferable, and subject at all times to the Firm’s internal review, compliance standards, technology controls, and risk management decisions.

7.5 The User shall have no right to demand Associate Status, continuation of Associate Status, any minimum allocation, any particular level of opportunity, or any ongoing participation in Proprietary Engagement.

8. Nature of Proprietary Engagement

8.1 Where Associate Status is granted, the User’s role shall be limited to contributing trading signals or strategic inputs for the Firm’s consideration in relation to the Firm’s own proprietary trading activity.

8.2 All trading activity associated with any Proprietary Engagement shall be conducted exclusively using capital owned solely by the Firm.

8.3 The User shall not contribute any money, securities, margin, collateral, guarantee, or other assets to the Firm, and shall not acquire any ownership, beneficial interest, lien, security, claim, or entitlement in respect of any Firm capital, trading account, brokerage account, securities position, or asset.

8.4 All profits, losses, costs, taxes, charges, and liabilities arising from the Firm’s proprietary trading activity shall belong to and be borne solely by the Firm, except only to the limited extent that the Firm may elect to pay compensation to the User in accordance with Clause 10.

8.5 The User shall not have any direct market access, brokerage credentials, exchange login, order routing authority, execution authority, custody right, or control over any trading account or broker relationship of the Firm.

8.6 The Firm shall retain sole and absolute discretion over whether to accept, reject, ignore, delay, modify, scale, net, aggregate, hedge, override, or independently close any trade or signal associated with the User’s inputs, and no input by the User shall create any obligation on the Firm to execute or maintain any position.

9. No Portfolio Management, Advisory, or Collective Investment Activity

9.1 The Firm trades solely for its own proprietary account and not on behalf of the User or any third party.

9.2 The User acknowledges and agrees that the Proprietary Engagement does not constitute portfolio management services, investment advisory services, delegated discretionary management, collective investment activity, pooling arrangement, or management of third-party funds.

9.3 The User is not a client of the Firm, and the Firm does not owe the User any duty as portfolio manager, investment adviser, broker, fiduciary, trustee, custodian, or agent.

10. Compensation

10.1 Where Associate Status has been granted, the Firm may, at its sole and absolute discretion, pay the User performance-based contractual compensation in relation to accepted and utilized inputs under the Proprietary Engagement.

10.2 Any such compensation shall be purely contractual in nature and shall not constitute an investment return, capital return, profit-sharing ownership interest, partnership distribution, LLP profit allocation, commission on client trades, or beneficial participation in the assets or profits of the Firm.

10.3 Any compensation payable to the User may be determined by the Firm by reference to such parameters as the Firm considers appropriate, including net realized performance attributable to accepted inputs, internal risk adjustments, drawdowns, slippage, trading costs, broker charges, taxes, penalties, compliance issues, operational anomalies, hedging effects, and any other factor relevant to the Firm’s proprietary risk assessment.

10.4 The Firm may specify a compensation formula, split, range, cap, threshold, or methodology on the Platform or in a written communication. Any such specification shall be indicative of the contractual framework only and shall not create a vested right unless and until determined payable by the Firm.

10.5 No compensation shall be payable where there is net loss, breach of policy, manipulation, misuse of the Platform, abnormal trading pattern, compliance concern, data or technology anomaly, calculation error, regulatory concern, or any other circumstance in which the Firm determines that payment would be inappropriate or contrary to its legitimate business, compliance, or capital-protection interests.

10.6 The Firm reserves the right to withhold, defer, adjust, offset, reverse, claw back, or deny compensation in whole or in part where it reasonably considers such action necessary or appropriate.

10.7 The Firm’s determination of compensation, subject to applicable law, shall be final and binding.

11. Taxes

11.1 Any amount paid by the Firm to the User under Clause 10 shall be treated as contractual or professional compensation and not as investment income or return on capital.

11.2 The Firm may deduct or withhold tax at source or other statutory deductions as required by applicable law.

11.3 The User shall be solely responsible for the User’s own tax filings, disclosures, liabilities, registrations, and compliance obligations, including any indirect tax obligations, to the extent applicable.

12. User Obligations and Compliance

12.1 The User shall provide accurate, complete, and up-to-date information to the Firm and shall promptly update any material changes.

12.2 The User shall comply with all applicable laws, exchange rules, regulatory requirements, sanctions restrictions, anti-fraud rules, and lawful directions of the Firm applicable to use of the Platform or any Proprietary Engagement.

12.3 The User shall not engage in manipulation, deception, abuse of system latency, exploitation of software defects, misuse of market data, reverse engineering, circumvention of risk controls, identity misrepresentation, collusion, or any other conduct that the Firm considers improper, abusive, unlawful, or harmful to the Platform or the Firm.

12.4 The User shall maintain the confidentiality of all proprietary systems, analytics, scoring logic, dashboards, technology, workflows, trade logic, and other non-public information of the Firm.

13. Intellectual Property and Platform Rights

13.1 All rights, title, and interest in and to the Platform, including all software, code, architecture, design, scoring methodology, analytics, data presentation, trademarks, content, and related intellectual property, shall remain the sole property of the Firm or its licensors.

13.2 No license or right is granted to the User except the limited, revocable, non-exclusive, non-transferable right to access and use the Platform in accordance with these Terms.

13.3 The User shall not copy, reproduce, distribute, modify, reverse engineer, decompile, scrape, frame, mirror, republish, or commercially exploit any part of the Platform except as expressly permitted by the Firm in writing.

14. Platform and Data Disclaimer

14.1 The Platform is provided on an “as is” and “as available” basis, without any representation or warranty of uninterrupted availability, accuracy, completeness, fitness for a particular purpose, or error-free operation.

14.2 The Firm shall not be liable for any interruption, delay, outage, data inaccuracy, feed disruption, system bug, connectivity problem, cybersecurity issue, broker-side failure, exchange-side issue, execution discrepancy, latency event, or other technological or market-related issue affecting the Platform or any Proprietary Engagement.

15. Suspension and Termination

15.1 The Firm may suspend, restrict, disable, or terminate the User’s access to the Platform, participation in the Evaluation Program, or Associate Status at any time, with or without notice, for convenience, compliance, risk management, policy enforcement, suspected abuse, legal concerns, operational reasons, or any other reason determined by the Firm.

15.2 Upon suspension or termination, the User’s rights to access and use the Platform shall cease to the extent specified by the Firm.

15.3 Termination of Associate Status shall not give rise to any claim for damages, continued opportunity, future allocation, or loss of expectation.

15.4 Clauses which by their nature are intended to survive shall survive termination, including clauses relating to confidentiality, intellectual property, compensation adjustments, taxes, disclaimers, limitation of liability, dispute resolution, and governing law.

16. Limitation of Liability

16.1 To the maximum extent permitted by applicable law, the Firm shall not be liable for any direct, indirect, incidental, special, exemplary, punitive, or consequential loss, including any loss of profit, loss of opportunity, loss of data, reputational harm, business interruption, or economic loss arising out of or in connection with these Terms, the Platform, the Evaluation Program, or any Proprietary Engagement.

16.2 Without prejudice to the foregoing, the Firm shall not be liable for any failure of the User to obtain Associate Status, any modification or withdrawal of such status, any non-payment of anticipated compensation, any trading outcome, or any decision taken by the Firm in relation to risk, compliance, execution, or capital protection.

16.3 To the extent any liability is held to arise notwithstanding these Terms, the aggregate liability of the Firm shall not exceed the total amount of fees actually paid by the User to the Firm during the three months immediately preceding the event giving rise to the claim, or the amount of compensation actually paid by the Firm to the User during such period, whichever is lower.

17. Force Majeure

17.1 The Firm shall not be liable for any delay, interruption, suspension, or failure in performance caused by events beyond its reasonable control, including acts of God, natural disasters, war, civil disturbance, labor disputes, market closures, exchange actions, regulatory changes, telecommunication failures, power outages, cyber incidents, or failures of third-party service providers.

18. Dispute Resolution and Arbitration

18.1 Any dispute, controversy, or claim arising out of or relating to these Terms, the Platform, the Evaluation Program, any grant or withdrawal of Associate Status, or any Proprietary Engagement shall be referred to and finally resolved by arbitration in accordance with the Arbitration and Conciliation Act, 1996.

18.2 The arbitration shall be conducted by a sole arbitrator appointed by the Firm.

18.3 The seat and venue of arbitration shall be Mumbai, India.

18.4 The arbitration proceedings shall be conducted in English.

18.5 The arbitral award shall be final and binding on the parties.

18.6 The User agrees that any dispute shall be pursued only in an individual capacity and not as part of any class, consolidated, or representative proceeding, except to the extent such restriction is not enforceable under applicable law.

19. Governing Law and Jurisdiction

19.1 These Terms shall be governed by and construed in accordance with the laws of India.

19.2 Subject to Clause 18, the courts at Mumbai, India shall have exclusive jurisdiction in relation to matters concerning interim relief, enforcement of arbitral awards, or any issue not capable of resolution by arbitration.

20. Miscellaneous

20.1 If any provision of these Terms is held invalid, illegal, or unenforceable, the remaining provisions shall continue in full force and effect.

20.2 These Terms constitute the entire agreement between the Firm and the User with respect to the subject matter hereof and supersede all prior understandings, discussions, statements, or representations relating thereto.

20.3 The Firm may amend, modify, or update these Terms at any time by publishing the revised version on the Platform or otherwise communicating it to Users. Continued access to or use of the Platform after such update shall constitute acceptance of the revised Terms.

20.4 No failure or delay by the Firm in exercising any right under these Terms shall operate as a waiver of that right.

20.5 The User may not assign, transfer, or otherwise dispose of any rights or obligations under these Terms without the prior written consent of the Firm. The Firm may assign or transfer its rights and obligations under these Terms as part of its business operations, restructuring, or asset transfers.

21. Final Acknowledgement

21.1 The User expressly acknowledges and agrees that FundedIn is a simulation and evaluation platform, that no real trading occurs during the Evaluation Program, that the Firm does not receive or deploy User capital, that payment of an Evaluation Fee does not create any investment or entitlement, and that any Proprietary Engagement under these Terms, if granted, is conducted solely in relation to Firm-owned capital and solely on the terms set out in this agreement.

21.2 The User further acknowledges that Associate Status, if granted, is discretionary, revocable, and governed by these same Terms without the need for any separate funded-trader agreement unless the Firm expressly elects otherwise in writing.