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DRUID SPORTS AND LEISURE LIMITED TERMS AND CONDITIONS

1.         The interest in the selected racehorse shall be activated upon the purchase of a minimum 1% stake in the racehorse (A “stake” indicates a division and must not be regarded as a share in the company or as an investment or security).

2.         The selected racehorse will be registered with Weatherbys in the name of Druid Sports and Leisure Limited and be entered and run in their registered colours under the name of Druid Racing.

3.         The agreement will be over a calendar year.

4.         Agreement fees will be set at the start of the year and are guaranteed not to rise during the duration of the agreement.

5.         Initial payment will be in the form of a cheque or postal order, subsequent payments will be by standing order

6.         Individuals joining after the start date will be back charged for the amount due up to the joining date

7.         Failure to provide payment on the due date will result in the suspension of the agreement. If the payment is not received within 7 days of the due date the agreement will be cancelled, one months payment will be charged together with any bank charges incurred by Druid Sports and Leisure Limited.

8.         To cancel your agreement, one months’ written notice must be given and confirmed by Druid Sports and Leisure Limited.

9.         The trainer of the selected racehorse will be appointed by Druid Sports and Leisure Limited.

10.       Race entries will be made by Druid Sports and Leisure Limited in conjunction with the appointed trainer in the best interests of the selected racehorse and stake holders.

11.       All communication with the trainer will be via Druid Sports and Leisure Limited, except at stable visits or at the racecourse. 

12.       Racecourses generally provide four complimentary passes for owners.  Stake holders will be given the opportunity to receive these passes on a rota basis.  Druid Sports and Leisure Limited will endeavour to supply remaining stake holders with free or discounted passes at the discretion of the racecourse involved.

13.       At the end of each calendar year Druid Sports and Leisure Limited will assess the direction in which to continue in the best interests of the selected racehorse and stake holders. If it is decided to sell the selected racehorse stake holders will receive their percentage share of any such sale.

14.       At the end of each calendar year stake holders will receive a balance sheet and a cheque for their percentage share of any monies due.

15.       If the nominated trainer decides the selected racehorse is no longer viable to race during the agreement, Druid Sports and Leisure Limited will endeavour to sell the selected racehorse. Druid Sports and Leisure Limited may also decide to enter the selected racehorse in a claiming or selling race to obtain the best possible price.  Stake holders will receive their percentage interest of any such sale.

16.       If, during the selected racehorses career, a third party offers to purchase the selected racehorse each stake holder will be allowed a vote based on their percentage stake on whether to accept the offer, the majority decision will be final and acted upon.