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| Memorandum For the Partnership Index Introduction Disclaimer The Basics Business of the Parnership Thorougbred Racing and Breeding Promotional and Supplemental Literature Key Points of the Partnership Glossary |
Disclaimer - Ignorance of the Terms is no
excuse for getting burned. An investment in this Partnership involves risk. Some would say "significant" risk, but what’s the difference? Risk is risk. This investment is speculative. Some would say "highly" speculative. Again, what’s the difference? Trying to quantify the risk in terms of percentages, and using scary words to make you think twice about your decision, isn’t the point of this Memorandum ("Memo"). If you invest in this Partnership, you need to have the financial capability to bear the burden of a total loss; an understanding that it is reasonable that there may be no return on your investment; and it is possible that you may be required to give more money to the Partnership during the Partnership’s designated term. This Memo does not constitute an offer or solicitation in any state or jurisdiction in which such an offer or solicitation is not authorized. In other words, this Memo is an explanation of the terms of a contractual agreement between each Partner and the Partnership in the State of Texas. This Memo has not been filed with; reviewed (or endorsed) by the Securities Exchange Commission, the Secretary of State (of any State), the Rotary Club, or the Little Sisters of Heavenly Charity for that matter. Any representation to the contrary would be misleading and unlawful. The purpose of the Memo is to "spell out" the terms of the Agreement; to clarify the parameters of this Partnership; and to combine all of the elements that are important to the Partnership into one easy to understand document. Unfortunately, some legalese had to be used in this Memo because there isn’t any other way to say it. Though the Partnership can’t guarantee a Partner’s feelings won’t get hurt, this document has been drafted to help give better insight and guidance into the way this racing Partnership works. Of course, layman’s terms and corny explanations are also provided for convenience—let’s face it, some Investors wouldn’t understand the legal jargon anyway. |
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