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 Mojo Thoroughbred Holdings, LLC (DBA: Mojo Racing Partners) is accepting Participants for its 2013 Keeneland September Yearling Group. This document serves as your expressed interest to participate in this group.
The intent of the managing partners is purchase a Thoroughbred from the 2013 Keeneland September Yearling Sale to develop as a Two-Year-Old (2YO) racing prospect. Furthermore, the goal is to prepare the horse to either race for this group as a 2YO or be ready to sell in a 2YOs In Training Sale. The management decision to keep or sell will be made in March 2014 based on the horse's competive ability. Mojo is offering shares in this group to provide the people with an affordable entry level opportunity to participate the development of a racing prospect. You have read, understand, and asked questions (if necessary) about the Participation Conditions and Participation Understanding. You agree to the conditions for the Term, Shares Available, General Fund, Other Expenses, and Distributions. II. Term The term for participating in the 2013 Keeneland September Yearling Group begins on August 1, 2013 and ends on March 31, 2014, or if the horse is sold, or if the horse is unable to race. If the horse's ability merits racing beyond the term of this agreement, then the term may be extended; additional capital contributions will be required to support the cost of the racing operations (in accordance with each Participant's respective percentage); and a Participation Continuation Document will be issued. III. Shares Available In order to accommodate different participation interests and budgets, versatile share percentages and pricing options are being offered. Shares in this group will only be offered for a limited time, and will not be available after December 31, 2013. Mojo Thoroughbred Holdings, LLC (the entity) or its designee retains the right to all of the unsold and/or forfeited shares offered, as well as the respective costs associated with each of these shares. IV. General Fund Shares purchased in this group are considered Capital Contributions and these funds will be used to cover the day-to-day expenses of the horse and the general business expenses for Mojo Thoroughbred Holdings, LLC. The pricing for the shares being offered...
There will be no refunds of any Capital Contributions—this is to protect the interests of the other Participants. Should an unexpected personal hardship occur during the term of this partnership, a Participant may request to withdraw from the group; but that withdrawal has to be submitted in writing to and approved by the Chief Executive Manager (CEM). If a Participant withdraws, there will be no refund of any Capital Contributions and the Participant will forfeit all current and future distributions, rights, and benefits related to this group. V. Other Expenses Each Participant may be responsible for his or her vested percentage of any additional expenses related to extensive medical and/or surgery expenses incurred (above the existing budgeted amount), as well as insurance (if purchased in the future) related to the horse's activity during the Term. Each Participant will be responsible for the costs associated with obtaining an owner’s license. Each Participant may be responsible for his or her own personal expenses (including friends and family members) related to travel/entertainment (e.g., transportation, lodging, party accommodations, food and beverage, etc). VI. Distributions Distributions are contingent upon net proceeds if the horse is sold (publically or privately). If the horse is sold, Mojo Thoroughbred Holdings, LLC receives a 5% commission from the final sale price for managing the group. If the horse is sold (publicly or privately), any net proceeds generated from that sale will be distributed based on each Participant's share(s) percentage. Net purse earnings generated from racing operations will be based on each Participant’s share(s) percentage, and the commission for Mojo Thoroughbred Holdings, LLC will be defined in the Continuation Document. Only Participants in good standing who have not wrongfully caused dissolution or have not wrongfully dissociated with Mojo Thoroughbred Holdings, LLC will be eligible for distributions. PARTICIPATION AGREEMENT: Participation Instructions: In order to participate in the 2013 Keeneland September Yearling Group, each Participant must complete the following items: 1. Place your initial next to each of the five sections (I.-VI.) above. 2. Select your Participation Level. 3. Indicate your Payment Method. Checks should be made out to: Mojo Racing Partners 4. Fill out the Participant of Record information that follows. 5. Mail (or send an e-mail pdf) the completed/signed Participation Document and your payment (or a copy of your credit card payment receipt) to the following address: Mojo Thoroughbred Holdings, LLC 7771 Park Downs Drive Fort Worth, Texas 76137 Your signed, dated, and returned copy will be kept on file for an indefinite period of time, and your payment will be deposited in the bank utilized by Mojo Thoroughbred Holdings, LLC. Participation Levels: [ ] 0.5% Share: $250 [ ] 1.0% Share: $500 [ ] 1.5% Share: $750 [ ] 2.0% Share: $1,000 [ ] 2.5% Share: $1,250 [ ] 3.0% Share: $1,500 [ ] 3.5% Share: $1,750 [ ] 4.0% Share: $2,000 Payment Methods: Mojo Thoroughbred Holdings, LLC accepts cash, certified check, and all major credit cards. [ ] Cash [ ] Certified Check (made payable to Mojo Racing Partners) Note: A Certified Check is required if the person has not previously participated in a Mojo Group. [ ] Credit Card Please click: Use Credit Card Note: If you pay with a credit card there is a 4% processing charge for each transaction. Thank you for participating in the 2013 Keeneland September Yearling Group! Participant of Record: _______________________________ (Signature) _______________________________ (Print Participant Name) _______________________________ (Date) _______________________________ (Mailing Address - Street) _______________________________ (Mailing Address - Office, Suite, Apartment #) _______________________________ (City, State, and Zip) _______________________________ (Mobile Phone Number - please, so you can be promptly notified of partnership events) _______________________________ (Alternate Telephone Number - home and/or office) _______________________________ (e-mail address - this will serve as the main delivery channel for partnership information and updates) _______________________________ (SSN - for tax purposes only and will remain confidential) Mojo Thoroughbred Holdings, LLC will send you (via e-mail) a confirmation that your Participant Document and payment have been received.
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