Draft template — not legal advice. This document must be reviewed and completed by qualified legal counsel before use.
Fee
GOLDEN LINE receives 30% of eligible net realized profit; the customer receives 70%.
High-water mark
Fees are charged only on profit above the customer's high-water mark. Losses are carried forward: no fee is charged on recovering earlier losses. Deposits raise the high-water mark; withdrawals reduce it proportionally.
Exclusions
No fee on deposits, unrealized (floating) profit, or the same profit twice.
Example
Deposit $50 (HWM $50). Loss $10 → $40. Gain $20 → $60. Eligible profit = $60 − $50 = $10. Fee = $3. Balance $57, new HWM $57.