JHB SYNDICATIONS TAKING THE LEAD ON TYPE

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JHB SYNDICATIONS TAKING THE LEAD ON TYPE Share Price Explanation Each share price is packaged up and itemised for the convenience of our owners: Fall of hammer/immediate costs Sale Price at Fall Of Hammer JHB Syndications commission 12 months Insurance cost incurred at fall of hammer Entry fee for Inglis race series nomination incurred at fall of hammer Pre-purchase veterinary costs (x-rays, scoping) Short-term training and horse husbandry costs All transport costs to May 1, 2017 Veterinary (farrier, worming, dentist, etc) Agistment fees to May 1 2017 Breaking-in fees Pre-training, training and stable orientation Administration and entry fees Entry fee for Golden Slipper and Blue Diamond Support, Marketing, Administration and Licensing fees 3 months JHB Syndications Management fees - see section below Transparency & Integrity All costs are itemised and detailed in a Product Disclosure Statement (PDS), which is created for each horse that we purchase. This is overseen by the governing racing bodies to ensure full transparency. Each owner must read through and sign a PDS to register their application. Ongoing costs after April 1, 2017 Training costs vary depending on the age of the horse and stage of its preparation. We estimate you should budget an average of $200 per month for a 5% share in year one, and an average $250 per month in year two and beyond. Bills will be sent directly from the trainer to the owner. Prizemoney All prize money will be paid by the governing racing body directly into each owner s nominated bank account, which is done at the point of registration of the horse.

Management and Communication Paramount to JHB Syndications is ensuring the best possible owner experience. Therefore some crucial elements for us include success on the racetrack, client communication and creating a warm and enjoyable community. One competitive advantage we have is the skill and expertise of James Harron Bloodstock (JHB), not only in the inspection and purchasing process, but also from an ongoing perspective. We will be working closely with our trainers and implementing a management system for each horse, to ensure that there is no stone left unturned. This is the same structure that has been used for the JHB colt fund, which yielded a Golden Slipper winner in year one, along with many other successes. Quite often it s the one percenters that determine the outcome of a race and ultimately influence prizemoney totals and residual value levels. It is something we therefore put much effort towards. Furthermore, we understand how important it is for each owner to be closely connected to their horse. Each stage of its development, progress and racetrack career will be documented and communicated accordingly. This, in addition to race day experiences and JHB Syndications events will provide a superior racehorse ownership experience.

Share Price Explanation Each share price is packaged up and itemised for the convenience of our owners: Fall of hammer/immediate costs Sale Price at Fall Of Hammer JHB Syndications commission 12 months Insurance cost incurred at fall of hammer Entry fee for Inglis race series nomination incurred at fall of hammer Pre-purchase veterinary costs (x-rays, scoping) Short-term training and horse husbandry costs All transport costs to May 1, 2017 Veterinary (farrier, worming, dentist, etc) Agistment fees to May 1 2017 Breaking-in fees Pre-training, training and stable orientation Administration and entry fees Entry fee for Golden Slipper and Blue Diamond Support, Marketing, Administration and Licensing fees 3 months JHB Syndications Management fees - see section below Transparency & Integrity All costs are itemised and detailed in a Product Disclosure Statement (PDS), which is created for each horse that we purchase. This is overseen by the governing racing bodies to ensure full transparency. Each owner must read through and sign a PDS to register their application. Ongoing costs after May 1, 2017 Training costs vary depending on the age of the horse and stage of its preparation. We estimate you should budget an average of $200 per month for a 5% share in year one, and an average $250 per month in year two and beyond. Bills will be sent directly from the trainer to the owner. Prizemoney All prize money will be paid by the governing racing body directly into each owner s nominated bank account, which is done at the point of registration of the horse. Management and Communication Paramount to JHB Syndications is ensuring the best possible owner experience. Therefore some crucial elements for us include success on the racetrack, client communication and creating a warm and enjoyable community. One competitive advantage we have is the skill and expertise of James Harron Bloodstock (JHB), not only in the inspection and purchasing process, but also from an ongoing perspective. We will be working closely with our trainers and implementing a management system for each horse, to ensure that there is no stone left unturned. This is the same structure that has been used for the JHB colt fund, which yielded a Golden Slipper

winner in year one, along with many other successes. Quite often it s the one percenters that determine the outcome of a race and ultimately influence prizemoney totals and residual value levels. It is something we therefore put much effort towards. Furthermore, we understand how important it is for each owner to be closely connected to their horse. Each stage of its development, progress and racetrack career will be documented and communicated accordingly. This, in addition to race day experiences and JHB Syndications events will provide a superior racehorse ownership experience.