Joint Venture Ownership Terms and Agreement

Horse: Balou du Étoiles AKA Richard

Majority Owner (51%): Savannah Fulton AKA Woodge Fulton

Minority Owners (49%): Shareholders

Designated Name of Joint Venture: Get Rich Group

Financial Commitment

Cost per share: $100/year*

*Nonrefundable, nontransferable payment shall be made by credit card via an electronic system. Shareholders may choose to upgrade, downgrade, or cancel their upcoming share purchase prior to renewal. Shareholders will receive a reminder notification approximately 15 days in advance of renewal, and may choose to opt-out at that time.

Shareholders hereby represent and warrant that (i) the credit card and banking information supplied to the credit card processor is true, correct, and complete; (ii) payments for charges made by shareholders will be honored by their credit card company or depository financial institution, as the case may be; and (iii) shareholders shall pay for all charges made under their account credentials.

Benefits

Depending on the number of shares purchased, shareholders are eligible for various benefits, as listed below.

1 share:

• Access to a private Facebook page/WhatsApp group, which will be updated at least twice a week with updates on horse's training, showing, daily life, and more.

• Participation in meet-and-greets with horse (by appointment).

5 shares:

• Invited to watch horse's lessons with Woodge (in-person or via video).

• Access to a private Facebook page/WhatsApp group, which will be updated at least twice a week with updates on horse's training, showing, daily life, and more.

• Participation in meet-and-greets with horse (by appointment).

10 shares: 

• Course walks with Woodge in preparation for horse's competitions.

• Invited to watch horse's lessons with Woodge (in-person or via video).

• Access to a private Facebook page/WhatsApp group, which will be updated at least twice a week with updates on horse's training, showing, daily life, and more.

• Participation in meet-and-greets with horse (by appointment) 

50 shares:

• Lottery entry for stable access and for credentials (all access) at competitions.

• Choice of one item from FMF Equestrian’s exclusive merch shop.

• Course walks with Woodge in preparation for horse's competitions.

• Invited to watch horse's lessons with Woodge (in-person or via video).

• Access to a private Facebook page/WhatsApp group, which will be updated at least twice a week with updates on horse's training, showing, daily life, and more.

• Participation in meet-and-greets with horse (by appointment) 

100 shares:

• Inclusion of shareholder’s full name as a part owner to be announced at competitions, in print media, and on horse's passport

• Inclusion of shareholder’s full name as owner, in addition to Savannah Fulton and the joint venture name.

• Stable accreditation for FEI events in which horse is entered, as the event allows.

• Choice of two items from FMF Equestrian’s exclusive merch shop.

• Course walks with Woodge in preparation for horse's competitions.

• Invited to watch horse's lessons with Woodge (in-person or via video).

• Access to a private Facebook page/WhatsApp group, which will be updated at least twice a week with updates on horse's training, showing, daily life, and more.

• Participation in meet-and-greets with horse (by appointment).

Code of Conduct and Content Standards

Shareholders agree that violating one or more of the items below creates cause for the majority owner to terminate or suspend any of the privileges outlined above. The Code of Conduct herein is intended to protect the safety of the horse, the majority owner, shareholders, and third parties. It is also intended to ensure that the joint venture maintains regulatory compliance, as well as a positive reputation and relationship with the horse industry.

Shareholders agree to follow the following Code of Conduct:

Shareholders shall NOT:

• Visit the horse without an appointment, which must be scheduled with the majority owner at least 24 hours in advance.

• Call, email, text, or otherwise contact facilities, veterinarians, farriers, trainers, or others to inquire about the horse. Any communications or inquiries must go through the majority owner.

• Enter the stall, paddock, or barn area related to the horse without first winning a lottery. Winners of the lottery shall be escorted by the majority owner or a representative of the majority owner.

• Enter the ring or awards area if you have not won a lottery spot. Winners of the lottery shall be escorted by the majority owner or a representative of the majority owner.

• Advertise or sell their share(s) in the horse.

• Make any abusive, inflammatory, unfairly critical, untrue, slanderous, threatening, or disrespectful comments on any social media page or any other public forum related to the horse, sport, or managed by the majority owner.

• Use any social media page or any other public forum managed by the majority owner to solicit products and/or services for yourself or any other person or company.

• Share any information disclosed by the majority owner or the horse’s professional care team (such as information related to the horse’s health, valuations, buyer interest, trainer feedback, etc.) with any persons who are not shareholders.

Shareholders SHALL:

• Comply with the rules of any barn or event where the horse is located.

• Respect fellow shareholders, the majority owner, and the horse, and anyone associated with the horse while using social media, visiting barns, or attending events that relate in any way to the horse industry..

Shareholders agree that violating any portion of the Code of Conduct is grounds to terminate or suspend any of the privileges outlined above (Benefits) with or without warning. In situations where the majority owner has reason to believe the violation was accidental, the majority owner will provide you with a warning via email or text and an opportunity to amend the violation. A second violation of the Code of Conduct, whether accidental or intentional, will result in suspension or termination of any privileges at the discretion of the majority owner.

Shareholders agree to follow the following Content Standards:

While utilizing the services of the Facebook page or other social media, shareholders agree (i) to follow the requirements of Facebook or relevant social media companies; (ii) to comply with all applicable federal, state, local, and international laws and regulations; and (iii) not to post any content that:

• Contains any material that is defamatory, obscene, indecent, abusive, offensive, harassing, violent, hateful, inflammatory, or otherwise objectionable.

• Promotes sexually explicit or pornographic material, violence, or discrimination based on race, sex, gender, religion, nationality, disability, sexual orientation, financial status, or age.

• Infringes any patent, trademark, trade secret, copyright, or other intellectual property or other rights of any other person or groups.

• Violates the legal rights (including the rights of publicity and privacy) of others or contains any material that could give rise to any civil or criminal liability under applicable laws or regulations or that otherwise may be in conflict with this agreement.

• Is likely to deceive any person or groups..

• Promotes any illegal activity, or advocates, promotes, or assists any unlawful act.

• Causes annoyance, inconvenience, or needless anxiety or is likely to upset, embarrass, alarm, or annoy any other person or groups.

• Impersonates any person, or misrepresents the shareholder’s identity or affiliation with any person or group.

• Involves commercial activities or sales, such as contests, sweepstakes, and other sales promotions, barter, or advertising.

• Gives the impression that they emanate from or are endorsed by the majority owner or any other person or entity, if this is not the case.

Assumption of Risk, Hold Harmless, and Indemnification

The majority owner does not have or express any opinion on the value or chances of success of the horse described herein, apart from the following statement:

Richard is a lovely young, sturdy, well-bred horse sourced specifically for me and my riding preferences by one of the top agents in the world. With a kind disposition on the ground and a real workhorse mentality under saddle, I am eager to produce him hopefully to the highest levels of competition.

The majority owner encourages shareholders to research the horse and gather information regarding horse investments, to ensure that the horse described herein meets the shareholder’s personal criteria. Financially, horse ownership is inherently risky. Horses are living creatures, susceptible to injury, illness, or death, thus no guarantees can be made about the outcomes of an investment in any horse. Most horse investments will not be financially profitable. Shareholder acknowledges voluntary participation in activities related to the horse and accepts the risks inherent with those activities.

The majority owner maintains full control of the horse’s care, including, but not limited to feed, medications, turnout, stabling, veterinary care, farrier care, training, and competing.

In the event of injury, illness, or death, no reimbursements or compensation will be made to shareholders. Any insurance payouts shall be paid to the majority owner.

Prize Money and Sale of Horse

Any prize money won by the horse shall be paid to the majority owner. The majority owner shall use these funds as they see fit with the benefit of the horse in mind, such as, but not limited to, for lessons, entry fees, health care, equipment, feed, tack, and insurance.

In the event the horse is sold, payment shall be made directly to the majority owner, who is entitled to a Premium portion, which shall increase each year as follows:

• August 1, 2025-July 31, 2026: $75,000

• August 1, 2026-July 31, 2027: $100,000

• August 1, 2027-July 31, 2028: $150,000

• August 1, 2027 and thereafter: $200,000

Any remaining portion shall be divided as follows:

• 51% shall be kept by the majority owner.

• 49% shall be used to pay any outstanding costs related to the horse, including, but not limited to boarding, veterinary expenses, farrier expenses, and insurance payments. Any remaining funds shall be divided amongst all shareholders who hold shares on the day the sale is complete, in accordance to the number of shares held on that date, at a rate of no more than $1,000 per share. Any remaining funds not designated to shareholders shall be kept by the majority owner.

Privacy

Shareholders acknowledge and agree that Internet transmissions are never completely private or secure. Shareholders understand that any message or information sent via a Website or an App may be read or intercepted by others, even if there is a special notice that a particular transmission (for example, credit card information) is encrypted or secure.

Termination

Shareholders agree that the majority owner may suspend or terminate a shareholder’s participation or eligibility to purchase future shares if the majority owner believes that a shareholder has violated or acted inconsistently with the letter or spirit of this Agreement. The majority owner also may selectively suspend or terminate certain privileges associated with shares, such as, but not limited to, the following:

• Permission to attend any events or activities related to the horse.

• Ability to enter any lottery related to the horse.

• Access to the horse’s Facebook page or any other related social media.

Any suspected fraudulent, abusive, or illegal activity that may be grounds for termination of a shareholder’s use of the Service may also be referred to appropriate law enforcement authorities.

Limitation of Actions and Resolution of Disputes

The failure of the majority owner to exercise or enforce any right or provision of this Agreement will not constitute a waiver of such right or provision.

Limitation of Action

Any action or claim brought for breach of this Agreement or for loss or claims due to negligence (ordinary and gross) must be brought within one (1) year of the date such claim or loss occurs.

Mediation

Majority owner and shareholders mutually agree that, prior to formal litigation, any and all disputes arising in connection with this Agreement or claims of loss due to negligence shall be addressed in one or more mediation sessions conducted by a certified Mediator or through the MDA Conflict Resolution Services. Majority owner shall select a mediator familiar with equines and equine activities from a list acceptable to the shareholder. Such mediation shall take place in a location reasonably convenient to both parties. Mediation must be agreed upon by both parties and costs shall be split between both parties.

Litigation

In the event a dispute between majority owner and shareholder is not resolved by mediation and litigation ensues, the prevailing party shall be entitled to all costs associated with bringing suit or defending against a suit, including but not limited to, court costs and reasonable attorney fees. Parties agree to waive a trial by jury.

Applicable Law and Venue

The parties agree that the laws and jurisdiction of the State of Maryland govern this Agreement. Shareholder agrees to personal jurisdiction, regardless of shareholder’s State of residency. Litigated disputes shall be brought forth in a court of competent jurisdiction in Carroll County, Maryland.

Severability

Should any provision of this Agreement be held invalid or illegal, such invalidity or illegality shall not invalidate the whole of this Agreement; rather the Agreement shall be construed as if it did not contain the invalid or illegal part, and the rights and obligations of the parties shall be construed and enforced accordingly.

Entire Agreement

The majority owner reserves the right to change or modify portions of this Agreement at any time without further notice. However, any changes to the dispute resolution provisions set out above will not apply to any disputes for which the parties have actual notice before the date the change is posted. Continued participation as a shareholder after any such changes constitutes the shareholder’s acceptance of the new Agreement. If the shareholder does not agree to abide by these or any future Agreement, the shareholder should not purchase any shares.

This Agreement constitutes the sole and entire agreement and understanding between the majority owner and shareholder and supersedes all prior agreements, negotiations, and discussions between the parties, with respect to the subject matter of this Agreement. Shareholder shall have the option to have this agreement reviewed by legal counsel prior to submitting. Submitting this Agreement and making a subsequent purchase of shares indicates the shareholder has read and agreed to all conditions and terms contained herein. This Agreement shall be construed as one whole contract, and shall be held valid from the date submitted. Electronic or facsimile signatures shall be accepted as an original signature.