Terms and Conditions Inspire Racing Club These terms and conditions (‘the Terms’) set out the contractual basis on which Inspire Racing Club Limited (company number 10972845 and with its registered office at 6 The Cobalt Centre, Middlemarch Business Park, Coventry, West Midlands, CV43 4PE) (“the Club”) allows the person who subscribes to membership of the Club (‘Member’ and ‘Membership’ respectively) to have access (for the duration of their Membership) to certain benefits associated with the Club’s ownership of the horses currently in training and those in the breeding programme. The benefits are as follows:- A chance to follow the horses owned by the Club; and where available, to receive a share in any of the prize money won by the Club’s horses in accordance with the Terms. Membership is for a full period of 12 months from the date the Member joins, and from each anniversary of the joining date and Membership cannot be terminated before the end of each successive 12 month period. Membership is limited to only 500 Members. The Club’s subscription fees are payable annually in advance by Direct Debit or bank transfer. Non-payment of the Membership subscription fees when they are due constitutes a material breach of the Terms. Each member must comply with the Membership Code of Conduct as amended from time to time. At the end of each Member’s 12 months’ Membership period, they will receive a 1/500 share of the prize money won by the horses (calculated in accordance with clause 7 below) during the preceding 12 months of Membership. The amount added to the Members’ prize money fund in respect of each race is determined by the net total paid to the Club by Weatherbys (excluding VAT). The only deductions from the total Members’ prize money fund are all entry/supplement fees and racehorse transport and where the race is outside of Great Britain, the deductions also include trainer/jockey/groom expenses. Any BOBIS (British Owners & Breeders Incentive Scheme), or similar, payments made to the Club, above prize money won, will be retained by the Club. In all circumstances the 12 months’ Membership fee is not subject to any additional requests for payment in relation to the keeping and training of the racehorses, regardless of the costs the Club may incur. Membership is primarily an entertainment. It is not an investment opportunity. There can never be any guarantee of any future level of prize money. At the end of each 12 month Membership period, each Member has 7 days to decide if they would like to renew their Membership. If a Member does not renew their Membership within this 7 day period, the Club reserves the right to offer the Membership to a new Member. If a Member chooses not to renew at the end of the 12 months period, the Membership will expire. There is no commitment to remain a Member after the 12 months period has expired. The Membership fee shall include the provision of a quarterly newsletter which will be sent by email. The sport of racing is unpredictable and no specific guarantees can be made in any respect. From time to time the Club may provide to the Members tips and information from carefully chosen third parties regarding races. This information is for entertainment only and the Members shall be solely responsible for deciding how to use it. The Club shall not bear any responsibility for the accuracy of such information or be liable to the Members for any losses they may suffer by relying on it. Consumer legislation gives a Member the right to cancel a new contract they enter into with the Club within 14 days of the date it is agreed. A Member can cancel their new Membership by returning their membership pack within 14 days of purchase and the Club will refund their payment in full. Hospitality events linked to a race meeting or stable visit normally involve a 2 or 3 course lunch and special facilities. These are normally offered at commercial rates to the Member. The Club shall use reasonable efforts to negotiate discounts from racecourses for the benefit of Members from time to time and shall announce these as they become available. When the Club has a horse in a race, the Club will endeavour to keep Members up-to-date with trainer information regarding the winning chances of the horse via email, the Club website and social media, and this information must not be conveyed by Members to third parties. All decisions relating to the horses, trainers, administration, and general management, shall made by the managers of the Club. Where a Member regularly fails to abide by the rules of the Club, including wearing the relevant dress code or acting in a manner which could cause embarrassment, offence or distress to another person, or a Member is warned due to the consumption of alcohol, that Member may be barred from attending any future Club events and may not be able to renew his/her Club Membership. The decision of the managers of the Club in such circumstances shall be final and binding. Members can apply to obtain an owners’ badge when a Club horse runs. If successful, the Club may, at its sole discretion, grant access to certain Members to the pre-parade ring and winner’s enclosure. When Members are granted such access, they must behave appropriately at all times and breach of this obligation shall constitute a material breach of the Terms. Persons entering any area of the racecourse on an unauthorised basis may be reported to the stewards and this could result in a racecourse ban. Flash photography is not permitted at any events or in the racing yard. Membership is for personal use only and cannot be used for any commercial purpose. Members must be aged 18 or over. It is understood by the Member that; full legal and equitable title to the horses owned by the Club and acquired by the Club from time to time remains at all times with the Club at no time does the Member have any legal or equitable interest in any of the horses owned by the Club; and all rights conferred to the Member by the Club are personal to the Member alone and may not under any circumstances whatsoever be gifted, bequeathed, sold, assigned, leased, form part of a loan, offered or granted as security to any third parties. Any person who is banned from entering a racecourse and/or ‘warned off’ by the BHA, cannot be a Member. The Club reserves the right to amend the Terms at any time. In respect of events: Any tickets issued shall remain the property of the Club at all times and are subject to the Terms. The member may not re-sell or transfer a ticket. Tickets cannot be returned for a full or partial refund under any circumstances. Members should check their emails and the Club website before setting off for any event. If the Club is aware in advance of any last-minute changes to schedule etc., this will be communicated to the Members by email, on the Club’s website or via social media. Admission to any event will only be granted on production of a valid ticket, which must be available for inspection throughout the event. The right to refuse admission to an event is reserved by the Club and/or the event venue, who may take health and safety, environmental and security concerns into account at their reasonable discretion and may carry out security searches. No refunds will be offered to customers who are refused entry or ejected from a venue for any reason. Events are subject to cancellation at short notice. The Club shall not be responsible if any event is affected by weather, or any other reason beyond its control. The Club, and/or the event venue, reserves the right to abandon or cancel the event without notice and without being liable to pay any compensation or offer any refund to Members. The Club, and/or the event venue, reserves the right to make changes to the event details advertised without prior notice. Attending any event is at the ticket holder’s own risk, and no responsibility can be accepted for any accident/injury or loss/damage to property. By attending an event, the Member gives the Club and/or the event venue their consent to use their image or likeness in any live or recorded video display, photo/picture, publicity material or website. Should there be an issue with the Member’s enjoyment of an event, the Member should bring this to the immediate attention of the Club event staff, who will endeavour to rectify any problem. The Club reserves the right to refuse entry, future bookings, eject Members and/or their guests from an event, for any reason at its reasonable discretion. Stable visits will be arranged quarterly: dates will be circulated in advance and bookings taken from Members. On stable visits: Members and their guests are not permitted to bring food or drink within the proximity of horses at anytime. Refreshments are occasionally available for purchase at some visits, but any food or drink purchased must not be consumed within the proximity of horses. Smoking and/or the consumption of alcohol is strictly prohibited at all times at stable visits. Please note that a Club horse, trainer or stud manager may not be in attendance at a stable or stud visit if there is a racing engagement, or any other reason beyond the Club’s control, without prior notice. No children under the age of 14 are permitted to attend a stable visit. Liability: Except for any legal responsibility that the Club cannot exclude in law (such as for death or personal injury), the Club is not legally responsible for any: losses that: were not foreseeable to the Member and the Club when these Terms were agreed; and that were not caused by any breach of the Terms on the part of the Club business losses, including loss of business, loss of profits, loss of management time and loss of business opportunity. The Club’s total liability to each Member is limited to the amount of the Member’s Membership subscriptions. The Club reserves the right to terminate a Member’s Membership on notice at any time if that Member is in material breach of the Terms or the Code of Conduct. If the Member and the Club cannot resolve a dispute using the Club’s internal complaint handling procedure and either of the parties want to take court proceedings, the relevant courts of England and Wales will have exclusive jurisdiction in relation to the Terms and the law of England and Wales will apply.