1. Appointment & Authority. Client appoints NOVA‑LITE LTD as non‑discretionary trading manager to execute automated strategies on the designated trading account. Client maintains full ownership of funds.
2. Commission on Profits. In consideration of the services, NOVA‑LITE LTD shall receive a performance fee of 20% (twenty percent) of all net realized profits generated on the account during each billing period. “Profits” means net realized gains minus any losses, commissions, or swap fees.
3. Overall Drawdown Cap (Hard Limit). The strategy incorporates a strict maximum overall drawdown limit of 50% of the account’s peak equity. If drawdown reaches 50%, all trading halts automatically and only risk‑free assets are held. This is a contractual safeguard.
4. Risk Appetite Selection. Client shall select an overall risk appetite level below. This influences position sizing within the 50% DD boundary. The agreed level will be applied by the algorithm.
5. Settlement frequency. Client elects to pay the accrued commission either monthly or weekly as selected on this agreement. Payment is due within five (5) business days after the period end.
6. Records & Copies. A fully executed copy of this agreement will be saved to NOVA‑LITE LTD secure Google Drive (client records) and simultaneously emailed to the address provided. Both parties agree that electronic consent is binding.