Photo: Anne M. Eberhardt
TRINNIBERG Prepping for 2012 KENTUCKY DERBY G1
Cav Racing, LLC
Bylaws as of April 9, 2012
The investor agrees to pay a percent amount
agreed upon for investment of each horse. In return he
or she will receive the same percent from there horse's
earnings from purses, claiming or sale income .
All expenses for the care, upkeep and training
of the horses will be paid by the Investor according to
their percentage of investment.
A Statement will be sent out once a month,
showing income from their percentage of horses and
expenses. The Investor will be responsible for the
difference. If their investment shows a profit at the
end of each quarter the investor can opt to receive
funds or keep profits in his or her account with 1st Cav
All decisions about the disposition of each
horse will be made by the majority with due consideration
given to the input of Brett St. Amand, Managing partner.
an investor has 1% to 14% and fails to pay their
percentage of monthly expenses
management will deduct 3% of
their initial investment starting with the first month
If an investor has 15% or more and fails to pay their
percentage of monthly expenses management will deduct 5%
of their initial investment starting with the first
month of delinquency.
When a investor falls
behind and once he or she becomes current with his or
hers monthly expenses, 1st Cav Racing, LLC will
reinstate the investor's original investment percentage.
BRETT ST. AMAND-Managing