following industry/sporting terms are used by Mojo Thoroughbred
Holdings, LLC in our governing documents, business/operations, and
The month in which the Group is said to have originated.
The bank account that holds cash contributions, purse winnings,
proceeds, and other money collected on behalf of the organization. All
expenses, costs, fees, expenses, expenditures, and services incurred on
behalf of Mojo Thoroughbred Holdings, LLC will be paid from the Capital
1. Money contributed to the organization to pay to participate in Mojo
Group. 2. Money utilized for the operating costs, expenses, and
expenditures of the organization.
Expenses, and Fees:
Charges incurred by the organization directly or indirectly related to
the operation of the business.
Charges incurred by the organization related to the promotion and/or
celebration of the group and/or entity.
Responsibilities held in trust by one person (or persons) on behalf of
the organization. In the case of this organization, the Chief Executive
Manager and President.
A person who provided Capital Contributions in exchange for a share or
shares in a particular Mojo Group.
A portion of the Mojo Group that represents the percentage that a
More than half of the combined Participants Interests
Executive Manager and/or President:
The person(s) responsible for organizing, monitoring, communicating,
making decisions on the business affairs of the organization and the
The documents that summarize the conditions, practices, and principles
of the agreement.
The word Mojo entered the English Language during the 19th
Century. In the Caribbean, Mojo is a supernatural power used for such
things as protecting one from evil or crossed conditions, drawing love,
or bringing good luck or success in gambling and other money matters.
In the United States, the word Mojo has taken on similar connotations,
and is often chronicled by reggae, blues, and rock musicians for the
sexual prowess some good Mojo will bring you. The most celebrated
reference being by Muddy Waters in his jumping song “Got My Mojo
it’s a perfect fit for the concept. The thoroughbred horse
business isn’t easy, and one can get bummed out in a split second
by the cold hand of racing reality. As such, the spirit of this group
rests in our collective intellect, attitude, and will of all
the people what they want, and doing everything possible to make sure
everyone's experience as enjoyable as possible is the most important
matter. The Mojo concept is a rather unorthodox method to break into
the sport of kings; but it's better to be ourselves, have a lot of fun,
and celebrate the Hell out of everything we do. Our name and the color
of our silks are reflections of a culture that represents the freedom
to participate; to enjoy each other's company; and to have fun at all
levels. Mix in a little TLC, and I think we have a good formula for
The difference between the revenues generated by the organization and
the Cost, Expenses, and Expenditures paid.
A particular Thoroughbred for which "Interests" will be made
available (or are planned to be available) to current Participants
and/or the general public.
A collective interest of people who own a particular horse or horses.
The set percentage of ownership in a horse or horses offered by the
The money that is awarded to the owners of a Thoroughbred that is one
of the top finishers in a race.
Money held in the Capital Account to be used to offset the group's
expenses, costs, fees, expenses, expenditures, and services.
The possibility of loss.
An association formed to transact business or to sell a portion of a
of the Agreement:
The binding document that spells out the rights, duties, and
obligations of the Participants and organization pursuant to the Texas
Statues for Series LLC entities.
Technically, a thoroughbred must be able to trace its parentage back
more than 250 years to one of the thre "founding sires" of the breed:
either the Darley Arabian, the Byerly Turk, or the Godolphin Arabian.
The thoroughbred must also have satisfied the rules and requirements of
The Jockey Club and the International Stud Book Committee. (Any other
horse, regardless of parentage, is not considered a thoroughbred for
purposes of racing and/or breeding.)
Fillies and Colts that have had at least 90 days worth of
training (i.e., galloping and initial racing preparation/training).
They are very close to being "raceable," perhaps a month from
races that are specifically designated for Thoroughbreds that have
reached the age of two-years-old.
A Thoroughbred that is one-year-old or hasn’t achieved it’s
A race hosted by the respective track in which the horses that
are entered can be purchased (by ballot before the start of the
race) for a set price published in the racing form.
you have any additional questions about participating in a Mojo Group,
please contact: Fred
Taylor, Jr. - Founder, CEM, and
President - Mojo Thoroughbred Holdings, LLC.