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Estimated to Be Worth a Combined $1.9 Million in That Document

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Estimated to Be Worth a Combined $1.9 Million in That Document Filed 20-CI-00248 01/21/2020 Vincent Riggs, Fayette Circuit Clerk Exhibit P Presiding Judge: HON. KIMBERLY BUNNELL (622203) 000001 of 000003 EXH : 000001 of 000003 Filed 20-CI-00248 01/21/2020 Vincent Riggs, Fayette Circuit Clerk Filed 20-CI-00248 01/21/2020 Vincent Riggs, Fayette Circuit Clerk Broodmares Sale Consigner AZ Notes All the Broodmares will be pointed to the biggest broodmare sale the Keeneland November sale 2020. Our rationale is that we will foal the babies they are carrying between January-May this year and will have an extra weanling to be added to the collateral. These weanlings will be sold along with their mares in this sale. The mares will be bred back to appealing stallions as well. We will be making our breeding plans in January as the breeding season starts Feb 15. The November 2019 broodmare sale was a soft market with no buyers. We are hoping that was due to the fear of the collapse of Phoenix Thoroughbred Fund, as well as the noise with Santa Anita this past year and the public perception around the sport. The industry has taken a new direction of reforming itself. We believe it will all be resolved. We will discuss more in the meeting. We are trying to look at what would we put as the appropriate reserve as a backstop. These ranges are if they market is favorable. We tried to be realistic about these values. American Cleopatra Keeneland November Hill N Dale $ 1,300,000.00 Bullet Sister Keeneland November Taylor Made $ 25,000.00 Danyelli Keeneland November Taylor Made $ 200,000.00 Fateer Keeneland November Taylor Made $ 450,000.00 Flashly Keeneland November Taylor Made $ 450,000.00 Grammajo Keeneland November Taylor Made $ 200,000.00 Megalicious Keeneland November Taylor Made $ 100,000.00 Mojgan Keeneland November Taylor Made $ 350,000.00 Nomee Keeneland November Taylor Made $ 250,000.00 $ 3,325,000.00 Note: All foals delivered in 2020 will sell at Keeneland November with their Mares. We will have 8 foals with an average sale price of 150k $ 1,200,000.00 Weanlings These are based on pedigree and history of the mares, as well as 19- F- Beautiful Julie- Paynter Keeneland September Taylor Made $ 75,000.00 the conformation of how the weanlings looks physically. 19- C- Bullet Sister- Speightster Keeneland September Taylor Made $ 75,000.00 19-F- Eyes Wide Open- American Pharoah Keeneland January Select Sales $ 300,000.00 19-F- Fateer- Paynter Keeneland September Taylor Made $ 350,000.00 19- F- La Vita Bella- American Pharoah Keeneland September Allex Poindexter $ 300,000.00 19- C- Lotus of the Nile- Justin Phillip Keeneland September Taylor Made $ 75,000.00 19- F- Nomee- American Pharoah Keeneland September Taylor Made $ 250,000.00 19-F- Pisa No Tiffany- El Kabeir Goffs Orby October Joey Cullen $ 50,000.00 $ 1,475,000.00 Yearlings They will be the first to be sold in OBS March/ April Two Year Old 18-C- Bullet Sister- Speightstown OBS April Top Line Sales $ 125,000.00 Sales. Top Line Sales will be the consigner. 18- C- Fateer- Bodemeister OBS April Top Line Sales $ 350,000.00 18- F- Crowd Control- Justin Phillip GIVE AWAY $ - $ 475,000.00 Horses In Training This group is the most important horses for value creation for our stable for 2020. These are where we think Zayat Stables will get paid after paying it's obligations to MGG and Cedarview. As you can understand, this is performance based but the general philosophy and thesis is to get the Two Year Olds (turning 3yo Jan 1) to win an impressively and than run them in a Derby prep races which is from February- April. We will try to get them sold like we have done with Gozilla with the ultimate goal to liquidate Presiding Judge: HON. KIMBERLY BUNNELL (622203) all of them 100% either as a stallion or through private sales to other stables. We envision as each horse performs we will sell off that performance. The timetable is as early as Feb to as late as August where they will be monetized partially or 100%. The values we have put are the values we believe in todays market this asset is worth. We wouldn't sell them lower knowing their potential value right now. We want to spend time in our meeting Two Year Olds Trainers to go in detail on our view and update you on each individually. Unnamed- C- Duke's Dream- Empire Maker Todd Pletcher $ 500,000.00 Unnamed- C- Wait No More- American Pharoah Arindel Farm $ 500,000.00 Alex Joon Steve Asmussen $ 1,000,000.00 Atoka D. Wayne Lukas $ 750,000.00 Cantfightdestiny Steve Asmussen $ 1,000,000.00 Doc Amster Kiaran McLaughlin $ 350,000.00 Finally the One Kiaran McLaughlin $ 2,000,000.00 Gozilla Steve Asmussen $ 2,250,000.00 The Kohen Steve Asmussen $ 1,000,000.00 000002 of 000003 Lido Legacy D. Wayne Lukas $ 500,000.00 Okie Native Robertino Diodoro $ 150,000.00 Salow Steve Asmussen $ 1,000,000.00 EXH : 000002 of 000003 Scarlett Agnes Steve Asmussen $ 500,000.00 Filed 20-CI-00248 01/21/2020 Vincent Riggs, Fayette Circuit Clerk Filed 20-CI-00248 01/21/2020 Vincent Riggs, Fayette Circuit Clerk Zyramid Steve Asmussen $ 1,000,000.00 $ 12,500,000.00 Three Year Old The three year olds will be turning 4 on Jan 1. It will be again horse per horse we will be trying to sell privately based on performance after a win. We have a list of private connected brokers that we will be using to sell these. Their names are Mike Ryan, Nick Hines. In the meeting Justin will spend time to tell you which races they are being pointed for. Some of these horses will be sold through claiming races, some through private brokers and select few will go to Fasig Tipton July Horses in Training Sale. This is a popular sale as many buyers like the chance to buy a horse who is already running on the track prior to Del Mar and Saratoga Fasig Tipton July Sale- Elite Sales OR season begins. Where they can run the horses 2 weeks after Amandrea Keeneland November Steve Asmussen $ 250,000.00 purchasing them. Bob and Jackie Fasig Tipton July Sale- Elite Sales Richard Baltas $ 750,000.00 Challah Claiming race Richard Baltas $ 50,000.00 Colman Joseph Claiming race Jorge Navarro $ 50,000.00 Majid Rudy Rodriguez $ - Michelles Fault Claiming race Jorge Navarro $ 50,000.00 Mony Fasig Tipton July Sale- Elite Sales Jorge Navarro $ 400,000.00 Neper Claiming race Jorge Navarro $ 100,000.00 Noble Egyptian Claiming race Robertino Diodoro $ 30,000.00 Old Glory Aidan O'Brien $ 1,500,000.00 Paynted Fasig Tipton July Sale- Elite Sales Jorge Navarro $ 300,000.00 Perlman Fasig Tipton July Sale- Elite Sales Jorge Navarro $ 300,000.00 Peyton's Path Claiming race Richard Baltas $ 75,000.00 Stylish Ash Keeneland November Sale Steve Asmussen $ 300,000.00 $ 4,155,000.00 Older Horses Desert Stone Fasig Tipton July Sale- Elite Sales Richard Baltas $ 750,000.00 Fasig Tipton July Sale- Elite Sales OR DontmesswithJoanne Keeneland November Robertino Diodoro $ 100,000.00 Factorial Claiming race Richard Baltas $ 75,000.00 Gidu Private Sale through Broker Todd Pletcher $ 750,000.00 Irish Territory Richard Baltas $ 250,000.00 Justin's Quest Claiming race Richard Baltas $ 50,000.00 Fasig Tipton July Sale- Elite Sales OR Legend Emma Keeneland November Richard Baltas $ 400,000.00 Lemoona Richard Baltas $ 300,000.00 Lezendary $ 75,000.00 Lucky Lukie Claiming race Robertino Diodoro $ 30,000.00 Nanoosh Euthanized Papa Jazz Give Away Solomini Retired $ 250,000.00 Super Sol Fasig Tipton July Sale- Elite Sales Bob Baffert $ 500,000.00 Zatter Fasig Tipton July Sale- Elite Sales Bob Baffert $ 500,000.00 $ 4,030,000.00 As requested by MGG, these will be the last assets to be sold. We Stallions agree on that plan. Paynter Winstar $ 1,237,000.00 American Pharaoh Ashford $ 14,000,000.00 Eskendereya JBBA Japan $ 100,000.00 El Kabeir Yeomanstown Stud $ 2,500,000.00 Justin Phillip The Quarter Company $ 25,000.00 $ 17,862,000.00 Total: $ 45,022,000.00 Presiding Judge: HON. KIMBERLY BUNNELL (622203) 000003 of EXH : 000003 of Filed 20-CI-00248 01/21/2020 Vincent Riggs, Fayette Circuit Clerk.
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