MAPLEVIEW RACING LLC.

                                   Thoroughbred Racing Partnerships

                                                    BUSINESS PLAN

                                   OBJECTIVES OF THE PARTNERSHIP

To  Buy, Breed, Lease, Claim, Own, Train, Race, and Retire or Sell Thoroughbred Race Horses, including but not limited to our MVF homebred’s, and to race them primarily at Massachusetts and New York race tracks. We plan to do it in a way that makes it possible for interested persons with moderate incomes to enjoy the fun and thrills of owning a race horse and they may possibly have a chance to make a profit. We will conduct an honest, inexpensive, efficient partner centered LLC., company that will keep our fee’s and costs at a minimum, so if you are interested in joining us in the winner’s circle, read our website, our offering sheet, our business plan and our partnership agreement and contact us.

                        OUR IMMEDIATE PLANS FOR THE PARTNERSHIP

The partnership will buy, lease, or claim one or more thoroughbreds, most probably from the breeder MVF, our initial five filly homebred offering, with the aim of training and racing those horses on the Mass. and N.Y. tracks.  However if the right horses are available, we will not limit ourselves to local sales and breeders. We will be looking for horses in the $50,000 to $150,000 price range, though we do not rule out horses that are either more or less expensive.

We intend to buy or lease horses that have foundation bloodlines, the heritage and conformation to be durable, and have the potential to earn their keep by consistently getting paychecks when they race. We also hope that these horses we buy or lease will train and condition to a top level, because we provide better training and management of the horse, and because they may have the ability at a surface or distance they have not yet tried. We will hope that the horses we buy or lease will have the potential to win in allowance, stakes or other races above the claiming level, but whatever our hopes and intentions may be, we will always enter our horses where they have the best chance to be in the money. We will always hope to move our horses up in class, but the necessity of racing may cause some horses to be dropped in class to be competitive. If that is required and our horse is claimed, we will use those funds to buy, lease or claim another horse for that partnership.

The partnership will terminate at the end of the second active year or when we no longer own a horse, or have a 2/3 vote to extend the partnership, and or dissolve the partnership and in that case all partnership funds will be distributed.

 

                                     PARTNERSHIP RISK FACTORS

We will seek the best advice on making our horse purchases, and we have many years of horsemanship experience, but the buying of potential race horses has an inherent risk, because one third of registered foals never race, and approximately one half never win a race. So partners should realize that owning a race horse is a high risk endeavor. If you are purchasing a partnership because you expect to make money, Don’t.. The majority of race horses lose money, some break even, and a small percent are very successful. If we are lucky we may have a successful race horse, but there is no guarantee, but on the other side, if you want to join to be part of the fun and thrills of horse racing, sharing the ups and downs of your horses career, because you love horses and racing, then you can become a partner at a reasonable cost. We can not guarantee a profit, but you will have the ride of your life, loaded with high’s,(thrills), and low’s,(disappointments)..

                                           BE A MVR PARTNER

When you are a Mapleview Racing partner, whatever the size of your share, you will be welcome in the paddock and winners circle for your horse’s races. You will get a photo if your horse wins, and you will attend races with other MVR partners, people who share your interest in race horses and will scream with you when your horse comes in first. You will be able to join our racing manager at the barns on Sunday mornings for a visit with your trainer, your partners, and your racehorse. You will get to visit with MVR partners at the track, the barns, and on line. You will be a member of the partnerships internet and e-mail group, where you and your partners can talk about your horses with each other and with us, we encourage communication and welcome input and suggestions from all the partners. We use that forum to keep you posted on your horses progress, so check your e-mail for the latest updates on how your horse is doing, when it has a work, is being entered in a race, and the race results.

                        CHOOSING YOUR MVR PARTNERSHIP HORSE

Mapleview Racing partners are involved in all the important ownership decisions. Selection of horses to buy, lease or claim will be made by the racing manager and trainer working together, and partners will be informed of horses we are interested in purchasing, then partners may comment on those purchases and make suggestions of alternative purchases. Even if it is not feasible to take a partnership vote on a public sales purchase, the racing manager will take the partners thoughts and suggestions into account. The racing manager and trainer will decide on the training and entry decisions for our horses, but as with public sales purchases, a vote on racing entries would not be feasible. The racing manager will listen to partner’s opinions and will take them into account in the decisions with the trainer, but the trainer is ultimately responsible for the care and conditioning of the horses.

                         OUR TRAINERS AT MAPLEVIEW RACING

Our current trainers are George Brown in Massachusetts, owner of Briar Hill Farm in Rehoboth, Mass. , website: www.briarhillfarmma.com , who has had a long and successful career.   In New York, we have at the racetrack based at Belmont and Saratoga in the summer,  Gary Contessa, of Gary Contessa Racing Stable, website: www.garycontessa.com,  he is one of the top trainers in the US. In earnings and wins in 2006, 2007, 2008 and 2009. His single season record for most wins ever in NY with 159, and earnings of over $5.4 million in 2006, $7.9 million in 2007, $7.4  million in 2008, and $4.5 million in 2009. He was New York Racing Assoc. Trainer of the Year in 2006, 2007, and 2008. Gary has trained over 20 graded stakes winners in the last several years, and he is an exceptional judge of talent in young race horses. In the past 10 years buying 20 plus horses for under $50,000 each and then selling them in the high six figures, after starting their racing careers. His ability to buy low and sell high for his clients, caused him to be cited in the Blood Horse, as the most profitable ROI – buying trainer in the world.  Choosing the right trainer can be challenging, but Gary has the experience, insight, and knowledge to help us and our horses to succeed, and we are very appreciative, that he has agreed to take on our young horses. He understands that Mapleview Racing is a partner centered organization, and he looks forward to having partners come and visit his barn during Sunday morning training hours, where he will make himself available to answer questions and introduce you to your horses.

We want to include a note that either our trainers or the Mapleview Racing LLC., manager could decide to end their relationship at any time, at their sole discretion, however this is highly unlikely to happen, and we are looking forward to a long and successful relationship with Gary, George and our managing agent.

                                         OUR RACING MANAGER

Beverly Allard is the founder of Mapleview Farm and Mapleview Racing LLC., and is the racing manager for all its partnerships. She is a long time horse woman, breeding, raising, racing, and owning horses for over 50 years. She currently runs Mapleview Farm, where she breeds and raises quality racehorse bloodstock. Buying and breeding carefully, with an eye to horses that have top bloodlines and conformation and should have long and successful careers, with the possibility of improving. She also is leasing and purchasing the race horses for Mapleview Racing LLC, partnerships, and together with the trainers is ultimately responsible for deciding where and when to race the horses. Beverly is the director of sales for Mapleview Racing LLC,  partnership memberships, and is available if you have a question or a need, you can call her at 1-413-648-3149 or e-mail her at : baallard@comcast.net or contact her at our website:  www.mapleviewfarmmass.com  , which should be fully functional by the end of Sept. 2016..

                                  LICENSING REQUIREMENTS

Mapleview Racing Partners who own 3% or more of a horse must be licensed as Massachusetts and New York thoroughbred owners. If there are fewer than 36 partners, then all of them must be licensed, no matter what percentage they own. With that licensing comes a badge for backstretch, stable area and training track, access, where you’ll be able to visit our trainer’s barn and see your horse on the track during morning workouts. If you are a licensed owner, you’ll also get free parking in the owner’s lot and free clubhouse admission for yourself and your immediate family.  If you own less than 3% and do not have a owner’s license, you can still easily make arrangements with us to meet on the backstretch, visit the barns and see your horse work out.

                              WHERE YOUR INVESTMENT GOES

Let’s talk about what we will not spend your money on, Mapleview Racing LLC,  is not going to make a lot of money for the management, because we do not take a salary, or expect large commissions. Your initial capital investment will go towards the lease or purchase price of the horse that we buy. It will cover, the out of pocket expenses we incur in looking for and leasing or buying your horse, the costs of setting up the partnership and selling interests in it, and sales and referral commissions equaling 5% of total capitol invested. We will also do our best to raise enough capitol so that the partnership can begin operations with a reserve that will cover at least a month or two of training expenses. After that reserve has been used up, you will be responsible for paying your percentage share of ongoing expenses. Typically, these expenses run on the order of $3,500.00 per month, in total, including the trainer’s day rate, routine vet bills, and MVR administrative expenses. So, if you own 1 percent of a horse, you can expect your share to be about $35.00 per month. Of course, we hope that you’ll actually have to pay much less than that. We hope that your horse will be winning purses, which will contribute to its upkeep, or even earning a profit. But, again, we have to warn you: while MVR horses are expected to do well on that score, racing is full of unexpected risks, so you should expect some cash calls, or you can buy in at a higher initial cost, as a One Time Cost, partner, and not have to pay any out of pocket expenses for the first two years of the active partnership. We also bill partners a set monthly rate to cover Mapleview Racing’s out of pocket administrative and office expenses, our office rent, phones, electric, internet/website, bookkeeping/legal, postage, copying and all of that. The set monthly rate is based on what we expect it to cost us in 2016, that amount is $500.00 per month for each partnership, or $5.00 per month for each one percent partnership share. We lower or raise the administrative charge each year, based on actual changes in our cost of doing business. Yet another important way in which Mapleview Racing LLC,  differs from other partnerships is that, except for that very reasonable administrative fee, you do not have to pay us anything for all the services we perform. Most other partnerships charge the partners a monthly administrative fee that is usually quite a bit higher than what we charge, and  on top of that, they charge the partners a host of additional fees, which are due, even if the horse is not doing well. At Mapleview Racing, we get paid only from the horse’s earnings. If the horse is not making money, we get nothing. If the horse does earn a paycheck, or is claimed or sold, the commission comes from the purse or profit, not from your pocket. And, that commission is very low, especially compared to the commissions other partnerships take: when your horse is in the money, we take a commission of only 5% of the purse, until your horse has earned $100,000 for you, at which point our commission rises to 10%, we will also contribute 1% of our horses, net purse earnings to a thoroughbred retirement licensed organization of our choice, and we will make every effort to ensure the safe retirement of our horses, when their racing days are done, and to find the appropriate places for our retired race horses.

                             KEEPING TRACK OF YOUR INVESTMENT

You have the right to know what your money is going for, and we have a responsibility to tell you. We’ll provide you with a detailed statement every month, which will show you each and every charge for training and boarding the horses, veterinary work, shoeing, van transportation and all other costs related to the care of your horse and the management and administration of the partnership. You’ll know exactly what the costs were, and what you are paying for. Your monthly statement will also include complete financial details on each start made by your horse, what the purse was, how much the trainer’s and jockey’s share was, our commissions, and the deductions the race track makes from the purse. These reports will generally be distributed by e-mail and posted on each partnership’s internet site, partners without internet access can request hard-copy delivery. In addition, you will get an IRS form K-1 for the partnership at the end of each year. These are usually ready no later than the end of February, to give you plenty of time to include them in your personal tax return planning.

                       WHEN YOUR HORSE EARN’S A PAYCHECK

When your horse finishes in the money, the purse goes first to pay, Jockey, Trainer, and Track Fee’s, plus our commission and  the horses retirement fee, then upcoming expenses, so we’ll put enough of it away to pay the horses expenses for the next month or two, anything above that will be distributed to you, in proportion to your partnership interest for Standard Shares, and for One Time Cost Shares, we deduct the proportional maintenance expenses, and distribute the balance to you in proportion to your share.

                                                TIMETABLE

For all future partnerships in 2016 and beyond, we reserve the right to begin looking for a horse as soon as we have a minimum of $30,000, which would permit us to buy, lease, or claim at the $25,000 level, including vet and related expenses, but we will probably decide to wait to buy, lease, or claim until we have enough to buy at the $40,000 level, where we can generally expect to find somewhat better prospects. We will limit the size of the 2016, initial 5 filly, MVF leased homebred offering’s to a maximum of $45,000 in capitol each, and the partnerships will close to additional partners, when we have reached the maximum capitol of $45,000.00 for each of the 5 initial offerings. The owner/breeder, Mapleview Farm/Beverly Allard will retain 55% of each of the 5 initial offerings, and 45% will be sold, at $1,000.00 each for 45 shares, and these shares will be offered to the prospective interested partners in each horse.

                            DISCLAIMER – MORE RISK FACTORS

Most horses do not recover their initial cost and the expenses of keeping them in training. Mapleview Racing LLC., will be looking for horses that pass all our tests, and look like they will be competitive, thus maximizing our chances of making money, but there are no guarantees in racing, and we make no promises about profits, if you cannot afford to lose it, then do not invest.

                                    CONTACT INFORMATION

Mapleview Farm –  Mapleview Racing LLC.             Website: www.mapleviewfarmmass.com

Beverly Allard – Racing Manager                               E-Mail:  baallard@comcast.net

P.O.Box 952 – Bernardston, Mass. 01337                Tel. 1-413-648-3149 –Cell. 1-413-522-0289