1. Racing Partnership : 10% of 5 youngsters to be purchased: 1.Redoute’s Choice/Anigma 3yo filly 2.Snitzel/Light Sweeper 2yo colt 3.Snitzel/Shine Bridge 2yo colt 4.Ne Coupez Pas/Up Over Girl 2yo filly 5.Royal Academy/Star of Gretchen 2yo colt $2,750 initial cost and $45 per month thereafter

2. Racing Partnership Standard Partnership to be established as per Racing Victoria Limited Terms and Conditions http://www.racingvictoria.net.au/asset/cms/Forms%20PDF/Register%20ordinary%20syndicate.pdf Main points of partnership process: Initial set up: Partnership to be managed by Scott Healy, current part-owner of several JSL trained horses, on behalf of 29 other partners. Partnership will be a customer of JSL Racing with the Manager the key contact point responsible for regular communications to partners. Manager will complete Page 1, each partner will complete a single area on Page 3 of above document, after understanding Pages 4-5 (terms and conditions) Upon full subscription, Manager will apply to Racing Victoria Limited for a standard syndicate by providing them the completed document. Once approved, by RVL, Manager to establish a dedicated bank account for all transactions which will be communicated to each partner $2,750 will be paid by each partner into bank account and a receipt provided by the Manager Partnership will be invoiced for purchase of the shares by JSL/bloodstock companies and paid from the nominated Partnership bank account Thereafter: Partnership members to pay monthly fees $45 by direct debit to a nominated bank account by the 1 st of each month, in advance, eg December 1 for December Expenses to be invoiced to Partnership Manager by JSL and their suppliers, and not to individual partners All payments to be made by Partnership Manager from the nominated Partnership bank account Prizemoney to be distributed monthly on a pro-rata basis to members, or as agreed by the partnership as appropriate Partnership Manager to provide receipts for all cash payments to partners Partnership Manager to maintain financial records and disclosure, upon request Partnership Manager to liaise with Racing Victoria on behalf of the Partnership, as required $45 monthly fees to be readdressed in October 2011 subject to majority partnership agreement and performance Call the stable or Scott Healy on 0400 734 716 with any questions

3. Redoute’s Choice/Anigma 2yo filly Redoute’s Choice was a phenomenon on the racetrack and that success has continued at stud. A 4-time G1 winner and son of DANEHILL, he was an undefeated G1 winner at 2 and Champion 3YO Miler of Australasia in 1999/2000. At stud, Redoute’s Choice has incredible statistics; as well as being recognised as champion sire for much of the decade, he supports an incredible 11% “stakeswinner to runner “average. The mare, Anigma, is out of a Group winning, black type, international family which goes back to Northern Dancer and Secretariat. She is half sister to U.S listed winner - ANGELINA CAROLINA This is a lovely, athletic filly whose walk really caught John Symons’ eye. Her full brother just sold for $330,000 at this year’s Magic Millions Yearling Sales on the Gold Coast, making her an outstanding bargain. This filly is the cornerstone of our racing partnership plans, and with this exciting breeding, she also offers tremendous potential residual value.

4. Snitzel/Light Sweeper 2yo colt By Gr 1 Oakleigh Plate winning sire, son of Redoute’s Choice, Snitzel, who is one of the young guns of Australian breeding Bought at Magic Millions Gold Coast 2010 Lovely balanced individual, from a good female family Dam a stakes winning, 3 time winner of $209,000, is a grand-daughter of Gr 1 winner Heat of the Moment Snitzel/Shine Bridge 2yo colt By Gr 1 Oakleigh Plate winning sire, son of Redoute’s Choice, Snitzel, who is one of the young guns of Australian breeding Bought at Inglis 2010 Autumn Yearling Sale in Melbourne Dam an 8 time winning, Gr 1 winning Argentinian speed mare, at 1000-1100m This cracking colt is expected to be an early runner

5. Ne Coupez Pas/Up Over Girl 2yo filly Full sister to outstanding stable star Down Under Boy Sire was the Champion Victorian Second Season sire in 2006/2007 with 15 winners from just 30 starters. His runners have established a reputation for being sound, tough racehorses that tend to race well beyond their 2-3 year old races. Dam a winner at 2025m Good female family, known well to the JSL stable, with Northeast Sheila, Jacqueline Rouge, Flying Sheila, Sheila’s Star, Daintree Duke amongst her close relations Bought at 2010 Inglis Melbourne Premier Yearling Sale Royal Academy/Star of Gretchen 2yo colt 2yo colt purchased at Karaka sales in 2010 By proven sire of Bel Esprit, Kenwood Melody, Oscar Schindler, Serious Speed, etc Dam, who raced in Australia as Star of Gretchen was a 3 time winner at 1400m, but was also placed at Gr1-Gr3 up to and beyond 2000m. Colt has developed into a magnificent type; he will be brought from NZ to Australia shortly. He may race as a late 2yo but will be ready as a 3yo