South West London Racing Terms and Conditions:

The Company

South West London Racing Limited – 15843485

General Terms and Conditions

The terms and conditions apply to all racing clubs/syndicates in the portfolio.

Horse or Racehorse

Any horse acquired by the company for the purpose of forming a syndicate.

Intellectual Property

all industrial and intellectual property rights now or subsequently owned by or licensed to the company (including without limitation) domain names, patents, trademarks and service marks (whether registered or unregistered), registered designs, unregistered designs and copyrights (and any applications for any of the same) which are used in connection with the business and all confidential information so owned and used.

Share

means an equal division of the ownership of a racehorse as determined by the company at its absolute discretion.

Syndicate/racing club

a racehorse syndicate/racing club formed, marketed or managed by the company for the purpose of the business.

Syndicate/racing club Terms and Conditions

all such terms and conditions issued by the company that govern one specified syndicate alone and are described by the company as being specific to that syndicate.

Terms and Conditions

Means both the general terms and conditions and syndicate terms and conditions in relation to any one syndicate.

Contract

When somebody joins the syndicate/racing club it means that you agree to sign up for the full 12 month period and if you want cancel you must put this in writing to info@southwestlondonracing.com with 30 days notice otherwise you are subject to being charged.

The Syndicate/racing club

The company will have control over the syndicate/racing club and the decisions that are made. Anyone interested in joining the syndicate but disagreeing with this arrangement is advised not to proceed with their application. The company may seek advice and guidance from experts such as trainers, vets, and stud managers to assist in its decision-making process. The company exclusively owns the business and its Intellectual Property, deriving its revenue from managing the syndicate. The Members are highly valued clients of the company, and all information pertaining to them is kept strictly confidential. The Data Protection Act 1998 protects data related to the company’s clients. Any attempt to gain unauthorized access to the client database or obtain personal information about the Members (including but not limited to names, addresses, or other personal data) by any means is strictly prohibited. It is crucial for the company to safeguard itself from any possibility of a person or persons taking the syndicate away and to prevent clients from being solicited by individuals claiming expertise in the field of training, racing, and maintaining racehorses.

Payments

When you purchase a share you are agreeing to pay during a predetermined period this will be stated on the details of the syndicate/racing club you buy into. You must be over 18 years of age to purchase a share. Members' shares cannot be transferred, given away, sold, or used as security, except as expressly stated in the Terms and Conditions. Third-party rights or interests cannot be applied to Shares. The purchase of a Share does not grant a Member any ownership in the company or its business or horse in the case of a racing club.

The company retains legal and beneficial ownership of the business and horses at all times. If a share is purchased as a gift, the buyer must specify a recipient at the time of payment. The recipient must be at least 18 years old and will automatically become the owner of the share, subject to South West London Racing Limited Terms and Conditions, with full ownership rights. This means that any payments from South West London Racing Limited , such as a share of prize money, will be owed to the recipient, even if they did not purchase the share themselves.

If the number of Shares allocated during syndicate/racing club formation is insufficient, the company may cancel the syndicate/ racing club and refund payments, re-advertise it, or alter its structure or financing. No one holds a Share or any rights in the horse until officially accepted as a Member and the syndicate is formed.

If not all shares are sold but the syndicate/racing club proceeds, the company may sell remaining shares at a different price. Factors like performance or illness can affect the horse's value, which may rise or fall based on racecourse results or family performance. Changes in value will be reflected in the share price as soon as possible, at the discretion of South West London Racing Limited.

In the event of the retirement, rehoming, reselling, or non-sale of a horse at the end of a syndicate/racing club term, the business shall be entitled to receive the proceeds of any sale, as the horse is leased in periods of 12 months per syndicate term, with each member’s share being limited to the same period. In the event that a horse is sold or rehomed during an ongoing syndicate/racing club period, the racing club will arrange for a new horse to carry on during the period.

The Share price encompasses all expenses linked to training and racing the racehorse throughout the syndicate’s term.

Costs

The Member's share price covers racing and training costs for the syndicate/racing club term, except for costs outside Great Britain and Group/Listed/Graded race entry fees within Great Britain, which will be deducted from the horse's net prize money.

Members are not asked for any additional payments where the company incurs costs greater than the price paid by the Members during each term of the syndicate/racing club unless there is overseas travel outside of the United Kingdom.

Race Prize Money / Trophies

At the end of each syndicate term, the race prize money (which is paid in accordance with the rules of horse racing by Weatherbys) is distributed among the Members of the syndicate. If the sum exceeds £200,000, distribution will occur within a reasonable time after the company receives the payment from Weatherbys private banking.

South West London Racing Limited will retain 10% of all prize money as a management fee the further 90% will be disrupted between members.

If a winning horse receives a perpetual trophy, the company will decide whether to conduct a draw to award it to one Member, regardless of whether or not the recipient was presented with it at the racecourse or will keep possession of the trophy till the end of the Syndicate term. Note that some racecourses may charge for the perpetual trophy, but the company does not pay for them, and such sales are becoming less common. Additionally, an annual trophy may be awarded by draw, depending on its value and whether or not the recipient is willing to insure it for the duration.

In the unfortunate event of a racehorse passing (dies) in any circumstance (e.g. the racecourse, in the field or during transportation) then members will not be entitled to any form of refund. These unavoidable events happen within racing and if this situation were to occur it is not the company’s fault. The syndicate would end in this circumstance if the event were to occur.

The authority to select a trainer rests solely with the company. The company holds the right to switch trainers at their discretion, regardless of the reason. Typically, the trainer assumes responsibility for all decisions regarding the training and racing of the horse while under their care. (Note: The company believes that the appointed trainer is in the best position to make evaluations related to racing and animal welfare. As the company pays the trainer for their expertise, it generally refrains from intervening. However, the company retains the right to override any decision made by the trainer).

If a Member fails to submit their vote (where the company decides to hold a vote) by the specified deadline, they forfeit their voting rights for that particular vote. In the event of a tied vote, the company will hold the deciding vote.