NEVIS Group/TEAMSON

SUB CONTRACTOR AGREEMENT OF THE NEVIS GROUP

This Agreement is made on this ____________ day of ___________,20____ between

Nevis Group/Teamson Trading (Company) and Independent Sub-Contractor (You).
The Company is not affiliated with any Broker/Dealer in the United States and will only
accept Independent Contractors who are neither citizens of the United States, nor reside
in the United States, nor are subject to the tax laws of the United States. The Company
chooses the best available broker/dealer it terms of execution that it can reasonably
identify as such.

Definitions:
You/Your refers to Independent Sub-Contractor signing this agreement.
Us refers to relationship between Nevis Group/Teamson Trading and Independent
Sub- Contractor
Net P&L is the Net Profit & Loss as result of trading/managing sub-account of the
company. Net P&L is calculated by subtracting ECN fees, SEC fees, other market
center fees from net revenue of purchases and sales of securities. Any market data,
software and other overhead fees are not part of this calculation
Traders Equity is a sub-account created by the bookkeeping of Company that
accounts for Net P&L as result of trading activity.
It is Agreed that:
This Agreement is agreed to all persons who are Independent Sub-Contractor of the
Company. The latest date on which the Company shall dissolve is December 31, 2025
unless the term shall be extended by amendment to the Company's Operating
Agreement and the Articles of Organization.
The Company and you agree that you will, as an independent contractor to the
Company, select purchases and sales of securities for day-trades in the Company's
account, with funds provided by the Company ("Stock Trades"). You agree that all
transactions selected by you are to be day-trades and at no time will a security be
held over-night. If a position remains open after 4:00 pm Eastern Standard Time you
hereby expressly authorize the Company to close any open position in your subaccount without notice. You further understand that the Company may close your
position at any price available, which may result in substantial losses. You will receive,
as full consideration for your services hereunder, a percentage of the net trading
profits as detailed in EXHIBIT A attached, from Stock Trades that you select. Such
net trading profits shall be calculated on a monthly basis by the Company, whose
calculation shall be final and binding, absent manifest error. You will be paid any net
trading profits within 45 days after the last day of any month that ends with a positive
Net P&L (defined below). Your relationship with the Company is that of an independent
contractor, and not an employee or a customer of the Company for any purpose. This
Agreement may be terminated by either of us, with or without cause, at any time,
effective immediately upon written notice given to the other party.
In order to induce the Company to provide you with access to its funds to enable you
to select Stock Trades and keep a percentage of the net trading profits generated
thereby, you agree to bear certain losses that result from your Stock Trades
The Company will track within a Company sub-account that it maintains with any
securities brokerage firm that it selects (the "Company Account"), all transaction

Page 1 of 5 INITIAL______

results for Stock Trades that you select. Those Stock Trades will be tracked separately
from all other activity and transactions within the Company Account, including
securities transactions selected by the Company, by its employees, partners and/or by
other independent contractors. The portion of the Company Account so tracked, and
which holds the securities positions that you select for the Company Account from
time to time, is called the "Trader Sub-Account." You recognize that the creation of
the Trader Sub-Account is an accounting mechanism only.
The Company will maintain a profit and loss record on the Trader Sub-Account,
reflecting all profits and losses on the trades you make therein, net of all transaction
fees, costs and expenses incurred by the Company for such trades to be effected. The
net amount of the profit and loss on the Trader Sub-Account, as computed from time
to time, is referred to as the "Net P&L." The Net P&L will be zero before your first
trade. If the Net P&L at the end of any month is negative, you will not be entitled to
any compensation for that month, and the negative Net P&L will be carried forward to
the following month. If the Net P&L is positive at the end of any month, there will be
"net trading profits," a percentage as per EXHIBIT A of which will be distributed to
you. Each month will start with a Net P&L equal to the Net P&L at the end of the
immediately preceding month, less any distributions of net trading profits made to you
there from.
The Company intends to monitor the Net P&L continuously, and will be able to
ascertain at any time, including in the middle of any trading day, if there is a negative
Net P&L (a "net trading loss"). You recognize that, as noted above, the creation of the
Trader Sub-Account is an accounting mechanism only. Therefore, it is the Company,
and not you, who is the party to each Stock Trade, and, as between the parties to the
Stock Trades and their respective brokers, it is the Company, which is responsible for
such net trading losses.
You have no obligation to select any minimum number of Stock Trades in the Trader
Sub-Account, or to devote any minimum amount of time to performing services
hereunder. You will devote such time, and make such Stock Trades in the Trader SubAccount as you may elect from time to time. However, you recognize that either party
can terminate this Agreement at any time.
You understand that no interest shall accrue on either the Trader Sub-Account, or any
balances therein from time to time.
You understand and agree that all right, title and interest in and to the Company
Account, the Trader Sub-Account and the profit and loss thereon are and shall be the
property of the Company, except to the extent that you are entitled hereunder to
receive a percentage of the net trading profits as per EXHIBIT A. You are under no
obligation to repay any losses that exceed your equity. Therefore, you should
understand that any losses on securities transactions in the Company Account,
including in the Trader Sub-Account, belong to the Company, and not to you, and so
are not available to you to offset any ordinary income or capital gains that you may
earn during any tax year.
You represent to the Company that you are lawfully able to enter into and perform this
agreement, and doing so will not result in a breach or violation of any agreement to
which you are a party or by which you are bound. You understand and agree that all
software, designs, inventions, improvements, trade secrets and works of authorship
owned or used by the Company or its affiliates, and all financial information, pricing
strategies, client or customer lists, supplier lists and other information regarding the
Company or its affiliates and their respective business operations or procedures,
constitutes valuable confidential and proprietary property of the Company and its
affiliates or the persons from whom the Company has obtained the right to use same
(collectively, "Confidential Information").
You agree that except as directed by the Company and in the ordinary course of the
Company's business, you will not at any time disclose to any person or disseminate,
directly or indirectly, for your own benefit or the benefit of any others, any

Page 2 of 5 INITIAL______

Confidential Information, or permit any person to examine or make copies of any

document, computer disk, or other media for the storage or manipulation of
information, that contains or is derived from any Confidential Information, whether
prepared by you or otherwise. You agree that upon request by the Company or in the
event of the termination of this Agreement, you will immediately turn over to the
Company all documents, computer disks, and other material in your possession or
under your control that contain or have been derived from any Confidential
Information or that relate to any work performed by you for the Company, without
retaining any copies of such materials.
You represent and covenant to the Company that you shall abide by all securities
laws, rules and regulations with respect to all Stock Trades selected by you, including,
without limitation, laws that prohibit the use of non-public information in making
securities transactions. You understand that the Company is not a securities brokerage
firm, and holds no license or registration from the SEC and NASD, but is a private
company engaged in trading and investing in securities for its own account.
You represent that you are not a citizen of the United States of America and that you
are not acting on behalf of a company, corporation and/or partnership of the United
States of America. You represent that you will not perform any duties as per contract
while in the United States of America or its territories.
Upon the termination of this Agreement for any reason, you immediately shall close all
open positions in the Trader Sub-Account, and immediately upon doing so, shall cease
all trading and other transaction activity therein. The Company will determine the Net
P&L and distribute your portion of any net trading profits as provided in EXHIBIT A
herein. You agree to indemnify, defend and hold the Company, its corporate affiliates
and their respective officers, directors, employees and shareholders harmless, from
and against any loss, damage, liability, claim, cost, award and expense, including,
without limitation, reasonably attorneys' fees arising out of or in connection with any
breach by you of your obligations hereunder, or the enforcement by the Company of
its rights hereunder.
You may not assign any of your rights, or delegate any of your duties hereunder,
without the prior written consent of the Company, which may be withheld in the
Company's sole discretion. Any attempted or purported assignment in violation hereof
shall be null and void. Upon disassociation of the sub-contractor, the company shall
pay to the sub-contractor within 30 business days of disassociation an amount equal
to 100% of the sub-contractors sub-account balance.

Agreed By:

Agreed By:

Nevis Group

Independent Subcontractor

____________________

_______________________

Date:_______________

Date:___________________

Page 3 of 5 INITIAL______

EXHIBIT A
1. Transaction Fees:
$

0.00025

USD per share.

ECN fees and rebates, SEC, and other miscellaneous market center and
clearing fees are passed-through to the Independent Sub-Contractor,
such as AMEX cancel fees, billable orders, etc.
** Sub Contractor is aware of that market center fees change very
often and it is their responsibility to be aware of any changes in the
market.
2. Market Data & Software Fees:
Professional Data Fee per Market Center per month (determined by
Market Data Center). All feeds are Pro. It is the Sub-Contractors right
to request the most recent fee schedule. Sub-Contractor is responsible
for and will be charged any applicable back-charges. All data and
software fees are not prorated and are charged as a full month even if
used less than a month. Data/software changes should be made by
email to accountmanager@nevistrading.com during market hours the
trading day preceding their desired effective date. Traders disabling a
trading platform within 3 months of initiation are subject to a $200
cancellation charge. Market data fees are in addition to the monthly
platform charges which are:
$180 per month software charge for Sterling Trader Pro Platform, or
$150 per month software charge for Laser Trading Platform
3. Payout:
85
% of Net P&L - profit split applied on a monthly basis,
with the month end being the last trading day of the calendar month.
Additionally, if a loss is incurred in any month, the starting amount from
which the profits are calculated will be the month-end sub account
balance. Payouts are wired upon requests received by the 5th of the
month and are paid the 25th of the month for the previous months
profit. All bank wire charges are passed along to the subcontractor;
currently $20 for incoming and $75 for outgoing wires. Your bank or
intermediary banks may have their own additional charges. Payout
percentages are generally reviewed every 3 months and subject to
change.
4. Overnight Interest Charge
Any overnight positions must be pre-approved. The charge for unpaid
overnight positions is fifteen percent on an annualized basis.

Accepted BY:_____________________

Date__________

(Independent Sub-Contractor)

Page 4 of 5 INITIAL______

From (all fields required) Your Name:

Address, including country:
Citizenship(s):
Phone number where you can
always be reached during market hours:
Email:
Date of Birth:

To Nevis Group

This letter is to confirm that I, ______________________________ am an Independent

Contractor of Nevis Group as of _____/_______/________.
I understand that as an Independent contractor, I am NOT employed by the Company,
and am responsible to pay my own taxes. I am responsible for my own business risks and
I have had a chance to consult with a tax advisors regarding my status. The Company is
not affiliated with any Broker/Dealer in the United States and will only accept
Independent Contractors who are neither citizens of the United States, nor reside in the
United States, or are subject to the tax laws of the United States. The Company chooses
the best available broker/dealer it terms of execution that it can reasonably identify as
such.

Signed_______________________________

Date:___________________

IMPORTANT: PLEASE INCLUDE A COPY OF

A GOVERNMENT-ISSUED PHOTO ID (FOR
EXAMPLE: A DRIVERS LICENSE or
PASSPORT
or
other
CURRENT
and
UNEXPIRED Govt ID)

Page 5 of 5 INITIAL______