UNNAMED 2019 BAY FILLY By SEBRING Ex BELLA VEDERA

Bennett Racing

Product Disclosure Statement

This Product Disclosure Statement has been approved by Queensland Racing Integrity Commission (QRIC)

Promoters BENNETT RACING PTY LTD (Authorised Representative No 001254645) Address: PO BOX 694, Torquay Vic 3228 Telephone: 0418 483 046 Email: [email protected]

Being an Authorised Representative of Stable Connect Ltd (AFS Licence No. 336964) Address: Level 6, 45 William Street, Melbourne VIC 3000 Telephone: 03 9629 3023; Email: [email protected] Web: www.stableconnect.com.au

CONTENTS

Promoter’s Disclosure Statement p.1 Disclosure and compliance with ASIC Corporations ( Scheme) Instrument 2016/790 p.1 Statement to prospective investors as to the commercial merit of the proposal and recommendation regarding the seeking of advice p.1 Issue p.3 Owner's Privileges p.4 How to Invest p.4 Investors Fund p.4 Promoter p.5 Syndicate Manager p.5 Racing Manager p.5 Trainer p.5 Veterinary Report p.5 Insurance p.5 Interests of the Offeror, Promoter, Syndicate Manager, Racing Manager and Directors p.6 Summary of Rights and Liabilities attaching to Shares in the Syndicate and other relevant information p 7 Registration of Syndicate p.7 Marketability of Shares p.8 Warning p.8 Risk p 8 Cooling off Period p.9 Declaration

Annexures Pedigree Yearling Purchase Invoice Insurance Certificate Veterinary Certificate Letter of consent to be Trainer Application Form

Syndicate Deed

This Product Disclosure Statement (“PDS”) is dated 20th April 2021

PRODUCT DISCLOSURE STATEMENT

This Product Disclosure Statement has been approved by Queensland Racing Integrity Commission (“QRIC”) for publication. No liability as to the contents of this Product Disclosure Statement is accepted by QRIC, its officers, employees or agents. In particular (but without limiting the generality of this disclaimer) QRIC does not warrant, and has no responsibility for the commercial merits or prospects of the scheme referred to in this Product Disclosure Statement, the manner in which the scheme may operate, or the taxation advantages (if any) to which the horse racing scheme may give rise. Potential investors’ financial circumstances may vary, and accordingly, QRIC recommends that potential investors obtain independent financial and legal advice in relation to the scheme and how it might apply to their circumstances should they decide to invest in the horse racing scheme.”

DISCLOSURE AND COMPLIANCE WITH ASIC CORPORATIONS (HORSE SCHEMES) INSTRUMENT 2016/790 This PDS has been compiled by the Promoter for presentation to prospective investors in compliance with the disclosure requirements for the public offering of shares in Horse Racing Syndicates to be operated in accordance with the requirements of ASIC Corporations (Horse Scheme) Instrument 2016/790.

Investors should be aware that the Syndicate will be registered with Racing Australia within a reasonable period of it being fully subscribed and that the Syndicate will be operated by the Promoter as Syndicate Manager for the benefit of the Owners in accordance with the requirements of ASIC Corporations (Horse Scheme) Instrument 2016/790 and the provisions of the Syndicate Deed.

STATEMENT TO PROSPECTIVE INVESTORS AS TO THE COMMERCIAL MERITS OF THE OFFER AND RECOMMENDATION REGARDING THE SEEKING OF ADVICE The commercial merits of investing in Shares offered in This PDS should be regarded as being of a speculative nature. The investment is not recommended for Investors who are unable to risk the initial outlays and ongoing commitments. Prior to entering into This investment, prospective investors should read This PDS in its entirety and are advised to consult their independent licensed financial or investment adviser, legal, taxation and other professional consultants (including bloodstock consultants) in assessing the potential merits of the investment. The only information authorised by the Promoter to be provided to prospective investors is that contained in This PDS and no person is authorised to give any information or to make any representations in connection with the Offer other than the information and representations which are contained in This PDS.

PROMOTER IS REGISTERED BY ASIC APPROVED LEAD REGULATOR - Queensland Racing Integrity Commission (QRIC) Both Stable Connect Limited (AFS Licence No. 336964) and its authorised representative Bennett Racing Pty Ltd (Authorised Representative No. 001254645) are currently registered with Queensland Racing Integrity Commission which can be contacted at Queensland Racing Integrity Commission , Integrity Services, 2/60 Kingsford Smith Drive, Albion QLD 4010 or telephone 1300 087 021 or at www.qric.qld.gov.au.

ISSUE The owner of the UNNAMED 2019 BAY FILLY foaled 23rd October 2019 by SEBRING from BELLA VEDERA ("the FILLY”) and the seller of Shares the subject of This PDS is Bennett Racing Pty Ltd of PO BOX 694, Torquay VIC 3228 (“the Offeror”).

The FILLY was offered by LYNDHURST STUD FARM at the Magic Millions March Gold Coast Yearling Sale in March 2021. The Filly was purchased by Bennett Racing for the purchase price of $121,000 including GST. This horse has been purchased under credit offered by the auction house and title will pass to the investors upon the offer being fully subscribed. When fully subscribed written notice will be provided to Queenland Racing Integrity Commission confirming that unencumbered title has passed to the Syndicate prior to registration.

Product Disclosure Statement 1 SEBRING X BELLA VEDERA FILLY

This FILLY is a One Year Old and is unraced. Her Sire SEBRING was a Champion Racehorse who had 5 Wins at 2 years of age including the STC GOLDEN SLIPPER, Gr1. To date he has produced 63 Stakes winners including Criterion, Dissident, Egg Tart and Ringerdingding.

This FILLY's Dam is a Secret Savings Mare BELLA VEDERA who is a winner and is Metro Performed. This is her 7th living foal. Dam of four foals to race including our Very own Stakes Placed Mare Goldifox and she has also produced Schneller who was a 6 time winner.

The ownership of the FILLY is being syndicated into eighty (80) equal Shares. There will be no more than 50 owners.

All 80 Shares are being offered for sale in this offer, however if there are 24 or less Shares (30%) remaining on the day immediately prior to the Closing Date, the Seller will retain the remaining Shares then available in order for the Syndicate to be fully subscribed.

It is contemplated that the Syndicate of Owners will obtain the benefit of the FILLY from racing in Australia. The Offeror proposes to offer Shares to prospective investors at the price of $1,935 per 1.25% share including GST. This includes all associated agistment, sales expenses, vetting costs to 30 th April 2021.

The Shareholder shall be liable for all expenses incurred in maintaining and caring for the FILLY from 1st of May 2021.

All owners shall pay to the Syndicate Manager, Bennett Racing, the prescribed Bennett Racing Owners Management Fee. The quoted Bennett Racing Owners Management Fee includes gst.

The Bennett Racing Owners Management Fee is required for: The cost of racing administration of / with (Owners / Syndicates / Australian Racing Authorities / Trainers / Pre Trainers / Agisters / Vets / Horse Transporters / Bennett Racing Transport between Pre Trainers, Trainers, Agisters, Vets & Any other supplier / Insurers / Any Other Suppliers / Prize Money / Bennett Racing Events & Hospitality / Mail Contact / Email Contact / Phone Contact / Horse Updates / Race Day Ticketing / All pre and post sales work)

Product Disclosure Statement 2 SEBRING X BELLA VEDERA FILLY

All monthly statements attract an $8.25 monthly accounts fee. The monthly accounts fee is charged as there are costs pertaining to the accounts system used by Bennett Racing, the time required to collate supplier invoices and then produce monthly statements for all owners, and the wages that are to be paid to accounts and bookkeeping staff. The quoted monthly accounts fee includes GST.

Owners are liable for all costs that are associated with horse registrations, owner registrations and syndicate registrations and for all costs that are charged by racing authorities that relate to the management of the horse and its individual and syndicate owners, for individual and syndicate owners. These costs will be added to owners monthly statements.

Owners are liable for all costs relating to the preparation and submission of financial reports for racing authorities and for ASIC, by our AFSL holder, which relate directly to that are offered under a PDS and syndicate deed.

Owners are liable for all costs relating to any services that are required to be undertaken by our AFSL holder, which relate directly to horses that are offered under a PDS and syndicate deed.

Product Disclosure Statement 3 SEBRING X BELLA VEDERA FILLY

Prize money that is received by Bennett Racing or Nathan Bennett for the members of any registered syndicates that Bennett Racing or Nathan Bennett manages, will be paid directly to owners personal bank accounts once per month. This will normally be in the last week of each month. We will request the owner's banking details by email in order to make prize money payments. It is the responsibility of the owner to respond to our email that requests banking details for payment of prize money, and supply banking details, so that prize money can be paid.

OWNERS’ PRIVILEGES Each Owner (Shares at 5% & over) who will be provided with the following benefits and privileges:

Registered Owner Rights

Registered racehorse ownership entitling the holder to an extensive range of race day benefits in which the horse is competing, including:

(a) Admission and membership ticketing (b) Mounting yard access to liaise directly with the Trainer and Jockey and witness the pre- race riding instructions and post-race debrief (c) Access to the on course Owners’ Lounge, where available (d) Owners’ car parking at metropolitan and country meetings (e) Complimentary racebook

Race Day Ticketing & Hospitality

(a) Depending on the number of tickets available to the horse, Syndicator Pty Ltd will use their very best endeavours to secure additional raceday ticketing for guests of owners. (b) A senior Flying Start Syndications Pty Ltd’s representative will be on hand at all competing races to host the owners’ group. (c) All owners will be named in the racebook in which the horse is competing.

Owner Relations and Communications

It is Flying Start Syndications Pty Ltd’s objective to ensure that a premium owner relationship program is provided to all Flying Start Syndications Pty Ltd’s owners. This will include, but not limited to: Regular communications from the trainer and Flying Start Syndications Pty Ltd’s executive in relation to all aspects of the horse’s welfare and racing career. These communications will take the form of electronic voice messages, written reports, images and video action of the horses’ activities.

(a) Regular functions will be held at the Stables for owners, family and friends including Sunday brunches and Open Nights. (b) All owners will have the opportunity to have input into the name of the horse. Syndicator proposes to invite suggestions from each owner followed by a voting process.

HOW TO INVEST All Applications for Shares must be made on the enclosed Application Form.

Shares shall be allotted upon payment. Legal and equitable title to the FILLY shall pass to those applicants whose applications for Shares have been accepted and the offer is fully subscribed.

Product Disclosure Statement 4 SEBRING X BELLA VEDERA FILLY

The Promoter reserves the right to close the offer or extend the Offer closing date (subject to a PDS extension being approved by the Lead Regulator) at any time after the Offer opening date without notice, a consequence of which will be that the allotment date of the Shares will vary with any change in the Offer closing date.

INVESTORS FUNDS All investors’ funds are held in a separate bank account (‘syndicate’ account) on trust.

If the syndicate is not fully subscribed within 6 months of the date of This PDS being approved or if Queensland Racing Integrity Commission refuses to register the syndicate, all application monies held in trust, together with interest, will be returned to applicants within 10 business days.

All expenses incurred by the Promoter will be paid in full when the trust account is closed and where some of the services to be provided to the horse have not yet been rendered then funds needed to pay for those services shall be held in a separate account until paid.

PROMOTER

The Promoter is Bennett Racing Pty Ltd of PO BOX 694, Torquay Vic 3228, being the Authorised Representative (001254645) of Stable Connect Ltd of Level 6, 45 William Street, Melbourne VIC 3000 (the holder of Australian Financial Services Licence - AFSL 336964)

BENNETT RACING Pty Ltd is a boutique racing and syndication operation and works exclusively with leading trainers Malua Racing, Alexander Racing, Stokes Racing, Kevin Corstens Racing, DJ Bowman Racing and Gollan Racing by hand selecting quality racehorses. We will work for the owners and get as much information to them on how their horse is. Our aim will be to strive to provide our owners with a racing experience like never before and to make interaction between Bennett Racing and our trainer a smooth and easy ride.

Syndicator Directors and Company History

The Director of Bennett Racing Pty Ltd is:

▪ NATHAN BENNETT . Nathan Bennett is the Managing Director of Bennett Racing. Nathan has been involved in the industry since he was as young as 2 years old when His Dad used to Hobby Train a few Horses. Nathan’s Sister can recall a day when he went missing at the age of 3 but was to be found in one of the stables with one of the Horses. Nathan has continued to follow horse racing through His teenage years and is a member of various Victorian Race clubs. Nathan has owned a number of horses over the past 17 years and will remain racing in any horse that passes His strict guidelines before purchasing.

The Directors of Stable Connect Ltd are:

▪ ADAM TIMS B Comm . Adam Tims is an Executive Director of Stable Financial specialist in the provision of accounting, tax and business solutions to the thoroughbred horse industry. He is also Company secretary and Treasurer of Thoroughbred Breeders Australia (TBA) and Aushorse Marketing.

▪ TIM JOHNSON B Ec. LLB. Tim Johnson is Company Secretary and Director of Stable Connect Limited. Tim has been involved in the Thoroughbred industry since a very young boy when he often walked the Moonee Valley track with his grandfather W. S (Bill) Cox. In his teenage years he keenly followed every horse his other grandfather Walter Johnson bred but in particular the champion ‘Vain’. As past President of Thoroughbred Breeders Victoria (TBV) and Vice President of Thoroughbred Breeders Australia (TBA) Tim has a direct involvement in the administrative and policy development of all issues relating to the Breeding industry. Tim also operates the law practice known as Stable Legal.

SYNDICATE MANAGER Bennett Racing shall act as Syndicate Manager, as first appointee of the Owners in accordance with the provisions and defined by Clause 3 of the Syndicate Deed.

Product Disclosure Statement 5 SEBRING X BELLA VEDERA FILLY

The FILLY will race in Bennett Racing’s colours. Black, Orange Checks, Bennett Racing Logo, White Checked Sleeves, Checked Cap

RACING MANAGER The Racing Manager as defined by Clause 4 of the Syndicate Deed shall be appointed by the Syndicate Manager. The first appointee of the Syndicate Manager as Racing Manager is NATHAN BENNETT.

NATHAN BENNETT has agreed to act as Racing Manager of the Syndicate.

TRAINER The trainer shall be appointed by the Racing Manager. The first appointee of the Racing Manager as trainer is Gollan Racing, Victoria. Gollan Racing has agreed to train the FILLY and a copy of their acceptance to train the FILLY is attached.

VETERINARY REPORT G.V.Nash B.V. Sc, has provided a veterinary report as to the suitability of the FILLY for purchase as a racehorse.

INSURANCE The FILLY is insured until 31st of January 2022 at a sum insured of $121,000.00. At the conclusion of the cover the FILLY will not be reinsured and after this date each owner of a share must make their own insurance arrangements.

INTERESTS OF THE OFFERER, PROMOTER, SYNDICATE MANAGER, RACING MANAGER, THEIR DIRECTORS AND EXPERTS. 1. Neither the Offeror, Promoter, Syndicate Manager nor Racing Manager has any interest nor has had in the period of two years before the date of This PDS any interest in relation to the promotion of the Syndicate or in the FILLY other than the interests detailed in This PDS.

2. No Director or proposed Director of the Offeror, Promoter, Syndicate Manager or Racing Manager has any interest or has had in the period of two years before the date of This PDS any interest in relation to the promotion of the Syndicate or in the FILLY other than emoluments he or she may be entitled to receive from the Offeror, Promoter or Syndicate Manager and interests detailed in This PDS.

3. Neither the Offeror, Promoter, Syndicate Manager or Racing Manager have any financial interest in the Sire or the Dam of the FILLY being offered nor have they received a free service/ nomination to the Sire ‘SEBRING’’.

4. The Offeror, Promoter, Syndicate Manager or Racing Manager do not directly influence experts such as Trainers, Veterinarians or Valuers to provide advice that is biased, nor do these experts have any commercial reason to provide advice which is biased.

5. G.V.Nash B.V. Sc, has no interest in relation to the promotion of the Syndicate or in the FILLY except that he will receive a professional fee in connection with the provision of the Veterinary Report.

6. There is nothing in the Syndicate Deed to prevent either themselves or any members, officers, directors of the Offeror, Promoter, Syndicate Manager, Racing Manager or any corporation related to any of them or their officers from purchasing, holding, dealing in or disposing of Shares in the Syndicate, or from otherwise contracting or acting as agent or entering into or being interested in any contract or transaction whatsoever with any other of them or with any Shareholders, provided that those persons shall act, in connection with such transactions, in a fiduciary relationship of utmost good faith to Shareholders. Important to note that no investor can dispose of their share unless they engage the services of someone licensed to do so.

Product Disclosure Statement 6 SEBRING X BELLA VEDERA FILLY

7. In the instance where the Offeror, Promoter, Syndicate Manager, Racing Manager and/or Trainer retain a share in the horse, the share is a commercial investment and the appropriate fees are apportioned to the Offeror, Promoter, Syndicate Manager, Racing Manager and/or Trainer as they are to all shareholders.

SUMMARY OF RIGHTS AND LIABILITIES ATTACHING TO SHARES IN THE SYNDICATE AND OTHER RELEVANT INFORMATION. The full rights and liabilities attaching to Shares in the Syndicate are set out in the Syndicate Deed annexed to This PDS. Each prospective purchaser of a Share ("the Purchaser") should refer to that document for full information as he or she will be bound by its terms. Some essential points are as follows:-

1. Neither the Offeror nor any person or corporation named in the Syndicate Deed nor any one on their behalf makes any representation or warranty with regard to either:

(a) The suitability of the FILLY either for racing or, if relevant, subsequently for stud duties; or

(b) The reliability or adequacy of any insurance cover either arranged for the benefit of the Owners or referred to in either This PDS or the Syndicate Deed.

Each Purchaser of a Share must acknowledge entering into the Syndicate at Her or her own risk and being aware that investment in the racing of thoroughbred horses is highly speculative.

2. (a) The Owner of each Share shall be entitled to a pro-rata share of net prize money and bonuses earned by the FILLY from racing, as provided in the Syndicate Deed.

(b) All trophies won by the FILLY will be managed at the Discretion of the Racing Manager.

(c) The entitlements of the Owner are subject to the default provisions of the Syndicate Deed.

3. (a) The Owner of each share shall be liable for a pro-rata share of costs associated with operating the Syndicate and racing the FILLY, including, but not limited to, insurance, transport, veterinary, agistment, breaking-in, pre-training and racing expenses, as provided for in the Syndicate Deed.

(b) Investors should be aware that it is estimated the annual cost of operating the Syndicate (including training, racing, management and compliance) should not exceed an average of Five Hundred dollars ($550) per month, per 10% share however, This is an estimate only, as the actual cost will depend on many variable factors which are not possible either to forecast or foresee at This time.

(c) The syndicator will invoice each owner monthly for their share of all costs associated with managing the FILLY. Each Owner will be required to pay their share of such costs directly to Syndicator in accordance with the terms on the invoice. The monthly amount payable by each owner to Syndicator may vary from month to month.

(d) The owner management fee that is payable to the Syndicate Manager will be billed directly from Bennett Racing monthly until the horse is sold or retired. The owner management fee will commence being charged in the month after Bennett Racing purchases the FILLY.

(e) It is the responsibility of the ownership group to re-home the FILLY at the end of its racing career and owners will be responsible for their share of all costs associated with re- homing the FILLY.

(f) Expenses in future years may increase on those stated in this PDS.

Product Disclosure Statement 7 SEBRING X BELLA VEDERA FILLY

4. (a) In the event of either the sale of the FILLY or any ownership interest in the FILLY, or the sale of Shares by any of the Owners, a Commission of five percent (5%) is to be paid to the Syndicate Manager

(b) In the event the FILLY, has commercial interest for sale during or after its racing career Syndicator is appointed as Exclusive Agent to sell the horse on behalf of the owners, a Commission of five percent (5%) will be applicable should a successful sale take place and aforementioned appointed trainer is also entitled to a 5% share as prize money compensation for the horse being sold. (Note an extra 2.5% will go to our Stable Jockey if he rides the FILLY to win a Black Type race)

(c) In the event the Syndicate Manager receives an offer from a party who is not an Owner to purchase part or all of the FILLY then pursuant to the Syndicate Deed if a majority being 60% of Owners accept the offer then the minority 40% are compelled to sell pursuant to the offer made.

(d) In the Event of the FILLY, winning its first race, Bennett Racing will receive a $1000 Selection Bonus fee from the prize money.

(e) In the Event of the FILLY, winning its first metropolitan race, Bennett Racing will receive a $3000 Selection Bonus Fee from the prize money. If the FILLY’s first win is a metropolitan race, then only the metropolitan bonus will apply

(f) In the Event of the FILLY, winning a Listed race, Bennett Racing will receive a 5% Commission on the Prize Money for that race. This would only occur once.

5. An applicant may elect to have the horse tested for a prohibited substance under the Australian Rules of Racing, with the cost of testing to be borne by all the Owners (whether or not they have elected to have the horse tested).

6. A procedure for handling internal complaints is provided by the provisions of clause 8 of the Syndicate Deed, which includes the right of an Owner, in certain circumstances, to have the dispute referred to the Australian Financial Complaints Authority (“AFCA”) for determination by conciliation or arbitration.

Investors should be aware that the Offeror, Promoter, Racing Manager and or Syndicate Manager may acquire Shares in the Syndicate and that they may acquire any number of shares.

REGISTRATION OF THE SYNDICATE Within 45 days after applications for the minimum number of interests in the syndicate are received or the minimum amount for the syndicate has been raised, I will register the syndicate with Queensland Racing Integrity Commission

MARKETABILITY OF SHARES An Owner will not be able to offer for purchase, or issue invitations to buy Shares, unless the prospective purchaser is provided with an Information Memorandum prepared by the Syndicate Manager in accordance with the provisions of the Syndicate Deed.

In addition, There are restrictions contained in the Syndicate Deed on the transfer of Shares. There will be no ready market for the shares. Each owner should consider the subscription as a long term investment.

WARNING Investment in bloodstock must be considered to be of a speculative nature.

Product Disclosure Statement 8 SEBRING X BELLA VEDERA FILLY

RISK Fluctuations in the value and sale price of Shares should be anticipated. Factors which will influence both the value and sale price of Shares, without limitation, include:-

1. Racecourse performances of the FILLY and related bloodstock.

2. The FILLY may die or value be diminished as a consequence of accident, contraction of disease or natural cause.

3. The level of demand for related bloodstock and bloodstock of equivalent calibre both at public auction and by private treaty.

4. The level of supply of related bloodstock and bloodstock of equivalent calibre both at public auction and by private treaty.

5. Any change in the current conditions affecting investment in the bloodstock industry, including level of prize money and taxation benefits available to bloodstock breeders.

6. Changing conditions within the Australian economy generally.

7. The price which buyers at public auction or by private treaty are willing to pay either for the FILLY or Shares in the FILLY if offered for sale may not reflect either the purchase price paid by the Offeror for the FILLY, or the sale price of the Shares offered by This PDS.

Further considerations include:-

8. The FILLY may not become a racehorse.

9. That not all racehorses earn prize money.

10. Insurance when secured may not cover all circumstances.

COOLING OFF PERIOD Each applicant for a share in This FILLY has the right to advise in writing their wish not to proceed during a 14 day period starting on the earlier of: a) acceptance of the application by the Promoter to the Applicant in writing; or b) the end of the 5 th day after payment for the share is made to the Promoter Upon receipt of that notification the Promoter shall return any funds paid within 7 business days and remove the Applicant as a shareholder or cancel the application.

DECLARATION I Nathan Bennett, a director and duly authorized officer of Bennett Racing Pty Ltd an Authorized Representative of Stable Connect Limited (AFSL 336 964) declare that:

(a) The statements contained in This Product Disclosure Statement are true and correct; and not misleading in their form or content; and

(b) This Product Disclosure Statement contains all information which prospective investors and their advisers would require and reasonably expect to find in a Product Disclosure Statement for the syndication of a FILLY for the purpose of making an informed assessment about investment in the syndicate.

------Nathan Bennett Director and duly authorised officer Bennett Racing Pty Ltd (A.C.N 161820266) being Authorised Representative (No. 001254645) of Stable Connect Limited (AFSL 336 964)

Product Disclosure Statement 9 SEBRING X BELLA VEDERA FILLY

UNNAMED 2019 BAY FILLY By SEBRING Ex BELLA VEDERA

BENNETT RACING PTY LTD Authorised Representative of Stable Connect Limited APPLICATION FORM

Applicant (Enter Company name, then enter personal details below):

Applicant (Enter Registered Racing Syndicate name, then enter personal details below):

If you are an individual owner enter personal details below:

PERSONAL DETAILS Surname Given Name Address

State Suburb Postcode

Telephone Date Of Birth Email

ACKNOWLEDGMENTS (a) I have received and examined a copy of the Product Disclosure Statement (“PDS”) relating to the offering of Shares in the currently Unnamed 2019 BAY FILLY by SEBRING from BELLA VEDERA. (b) I have relied on my own inquiries and independent advice in relation to my financial and legal rights and obligations as a Shareholder in the Syndicate. Furthermore, I acknowledge I have had the opportunity to obtain my own independent financial and legal advice relating to my acquisition of a Share or Shares in the Syndicate. I further acknowledge and declare that I have not received any advice either from the Promoter or any representative of the Promoter other than that detailed in the PDS. (c) I agree to be bound by the terms and conditions of the Syndicate Deed, the terms of which I am fully familiar. (d) I acknowledge that BENNETT RACING PTY LTD being Authorised Representative of STABLE CONNECT LTD (AFSL 336 964) (“the “Promoter”) reserves the right to decline any application at their discretion and that the allotment of Shares to any applicant requires the approval of the Promoter. Subject to that right, application monies will be refunded to applicants whose applications are unsuccessful either because their applications have been declined or because all the available Shares have been sold. (e) I have received and examined a copy of the attached Financial Services Guide.

APPLICATION FOR SHARES Number Of Shares Applied For in Syndicate Total % Of Shares Applied For in Syndica te Signed (signature of applicant) Before me (signature of witness) Name Of Witness Address Of Witness

Payment must only be made by EFT to the below bank account

Westpac Bank Account Name Sebring x Bella Vedera BSB 033 003 Account Number 649 885

Product Disclosure Statement 10 SEBRING X BELLA VEDERA FILLY

Product Disclosure Statement 11 SEBRING X BELLA VEDERA FILLY Account of LYNDHURST STUD FARM, Warwick, Qld. Lot 38 (100% GST) BAY FILLY Stable A 14 Foaled 23rd October 2019 Branded : nr sh; 30 over 9 off sh

Sire More Than Ready Southern ...... Halo SEBRING 's Girl ...... Woodman 2005 Purespeed Flying Spur ...... Lady Moulin ...... Dam Secret Savings Seeking the Gold ...... Mr. Prospector BELLA VEDERA Jurisdictional ...... Damascus 2004 Royal Season Royal Academy ...... Nijinsky Quickshine ...... The Minstrel

SEBRING (AUS) (Chestnut 2005-Stud 2009). 5 wins at 2, STC Golden Slipper S., Gr.1. Sire of 928 rnrs, 630 wnrs, 64 SW, inc. SW Criterion (, Gr.1), Dissident, Egg Tart, Nettoyer, Amphitrite, Lucky Bubbles, Ringerdingding, Bring Me the Maid, Sesar, Sedanzer, Aethero, Gold Standard, Seaburge, She Brings Joy, Catch a Fire, Hattori Hanzo - Let Us Win (H.K.), Believe Yourself, Wu Gok, Ulmann, Violate, Thurlow, etc. 1st dam BELLA VEDERA, by Secret Savings. Winner at 1050m, 3d SAJC Semaphore Palais H., Oakbank RC Scott Group of Companies H. Half-sister to TWILIGHT ROYALE, Superhard, Mio Roiale - Chater d'Cat (H.K.). This is her seventh foal. Her sixth foal is a 2YO. Her fifth foal is an unraced 3YO. Dam of four foals to race, three winners, inc:- Goldifox (f. by Foxwedge). 3 wins 1300m to 1400m, $210,750, to 2020-21, VRC Jockeys Association H., 2d VRC Gippsland Region 2YO H., MVRC Dominant Homecare Products 2YO H., 3d VRC Taj Rossi Series Final H., L, MVRC MSC Signs P., 4th VRC Vanity S., Gr.3, SAJC CS Hayes Memorial Cup, L, Geelong RC Black Pearl S., L. Schneller (g. by Hard Spun). 6 wins 1000m to 1423m, $137,535, 3d Ballarat TC City of Ballarat Tonks P., MRC Cable Beach Club Resort & Spa H. Bella Uno (f. by Danzero). 2 wins at 1200m, 1560m.

2nd dam ROYAL SEASON, by Royal Academy. Raced twice. Half-sister to Amaretta, Patroclus. Dam of 10 named foals, 9 to race, 7 winners, inc:- TWILIGHT ROYALE (Testa Rossa). 3 wins at 2 1000m to 1400m, $495,750, VRC Sires' Produce S., Gr.2, ATC Inglis Nursery S., RL, MRC Inglis 2YO Premier, RL, 4th ATC Silver Shadow S., Gr.2. Dam of 2 winners- Royal Hale. 5 wins 1020m to 1350m, $126,875, to 2020-21, BRC TAB Create Your Calendar H., Royal Ascot Tour H. Royal Banquet. 4 wins in succession 1100m to 1400m in 2019-20, ATC Grunt Standing at Yulong H. Superhard (All Too Hard). 7 wins 1000m to 1400m, $332,560, VRC Kiis 101.1 Jase & PJ H., MRC Sheamus Mills Bloodstock H., 2d Warrnambool RC Wangoom H., L, 3d VRC Standish H., Gr.3. Mio Roiale - Chater d'Cat (H.K.) (Tale of the Cat). 5 wins-1 at 2-1514m to 1800m, $410,311, MVRC City Pacific Finance Williamstown 2YO H., HKJC HKU Medical Alumni H., 2d VRC Gibson Carmichael S., L. Darcibelle. 2 wins at 1200m, 3d ATC Petersham RSL Club H. Dam of- Unstoppabelle (I Am Invincible). Winner at 2 at 1050m in 2019-20, SAJC Action Line Marking 2YO P., 3d MRC Blue Diamond Preview (f), Gr.3, VRC Lovethehorse 2YO H.

3rd dam QUICKSHINE, by The Minstrel. Placed at 3 in Ireland. Sister to SEASONAL PICKUP, Style of Life (dam of GREY SWALLOW, MOONLIGHT DANCE), blood-sister to Pleasant Review (dam of INDISCRETION), half- sister to Strong Commitment. Dam of 11 foals, 9 to race, 7 winners, inc:- Amaretta (Woodman). 3 wins-1 at 2-at 1m, 8½f, Churchill Downs Allowance-twice, 2d Churchill Downs Regret S., Gr.3. Producer. Patroclus (Diffident). 2 wins at 1400m in India, 2d Hyderabad Golconda Two Thousand Guineas, L. Mr Nathan Paul Bennett Bennett Racing 7 Currawong Court TORQUAY VIC 3228

TAX INVOICE 2021 GOLD COAST MARCH YEARLING SALE Date: 19-Mar-2021 MONDAY, 15 MARCH 2021 Account: BENNN Invoice number: 243013 Terms: 90 Days

Lot Description Sire/Dam Sale Price GST Total

38 B. Filly Sebring (AUS)/Bella Vedera (AUS) Purchase of Lot 38 at 2021 Gold Coast March Yearling Sale 110,000.00 11,000.00 121,000.00

Scoping for Lot 38 at 2021 Gold Coast March Yearling Sale 165.00 16.50 181.50

Nomination to Full Race Series for Lot 38 at 2021 Gold Coast 3,600.00 360.00 3,960.00 March Yearling Sale

SUBTOTAL $113,765.00 $11,376.50 $125,141.50

TOTAL AMOUNT DUE $125,141.50

"

PAYMENT OPTIONS

By EFT directly into our ANZ account: Magic Millions Sales Pty Ltd BSB: 014704 Account BENNN Account: 353807627 Swift Code: ANZ BAU 3M Reference 243013 Please quote BENNN and 243013 Please email remittance to Amount Due $125,141.50 [email protected] HQ Insurance Pty Ltd ABN 46 091 731 225 AFSL No. 235666 Level 10, 1 Elizabeth Plaza North Sydney NSW 2060 P.O. Box 1329 North Sydney NSW 2059 Tel (02) 8913 1640 Fax (02) 8569 2065

Nathan Bennet Bennett Racing Pty Ltd Email: [email protected] New Cover TAX INVOICE I1073815

Our Reference : HQI HQI B8351 0337502/000 Premium 4,086.08

Date : 16.03.2021 Stamp Duty 449.47 Class : Bloodstock Mortality Schedule Broker Fee 150.76

Premium GST 408.61 Placed with : Lonmar Global Risks Fee GST 15.08

Policy No. : LON00003119/2020 GST Total 423.69

Period : 15.03.2021 to 31.01.2022 Total Amount A$ 5,110.00

IMPORTANT NOTES

INSURED NAME: Bennett Racing Pty Ltd

NEW POLICY FOR: Lot 38 - 2019 Sebring x Bella Vedera filly

SUM INSURED: $121,000 (Being 100% of Purchase Price plus GST)

PERIOD: 15.03.21 to 31.01.22 (322 days) Your Account Manager is Abi Ryman Email : [email protected] TERMS - NET 14 DAYS - Please forward your remittance to ensure cover. Please refer to your DUTY OF DISCLOSURE obligations and other important notices overleaf. Claims must be notified immediately as late notification may cause denial of liability in some instances. Unless we tell you otherwise in writing, we receive commission in addition to any broker fee mentioned above. Please ask us for any further information.

METHODS OF PAYMENT: Name of Bank : St George Bank Total Due A$ 5,110.00 Bank Address : Sydney Quay CBD 200 Barangaroo Avenue : Barangaroo NSW 2000 Australia BSB Number : 332-002 Account No : 5535 39444 Swift Code : SGBLAU2S (Overseas Currencies) Pay by the Month by Funding with Hunter Reference Number : HQI HQI B8351 BPAY & Credit Card AUD Transactions only 9 Monthly Instalments of $ 614.11 Biller Code : 206078 Total Amount Payable $ 5,586.98 Reference : 010738150059 (Includes application fee & credit charges. You can find out more by contacting Hunter or through the online application) Telephone & Internet Banking - BPAY Contact your bank or financial institution to make this payment with your To proceed with your funding application or for further cheque, savings, debit or transaction account. More info:www.bpay.com.au information, please visit www.hpf.com.au/paybythemonth Visit our website to pay using your Visa, Mastercard or Amex Enter your reference code to review and complete your online www.hqinsurance.com.au application. Reference Code: 453h302n5a Client Ref: HQI HQI B8351 Invoice Ref: I1073815 Application Number: 21063840 Please note: An Administration Fee inclusive of GST will be charged at 0.65% for Debit/Credit Card (Visa/Mastercard) and 2.0% for Amex. Refer overleaf for important information about Hunter and Austbrokers Post cheque payments together with this payment slip to: P.O Box 1329 NORTH SYDNEY NSW 2059 made payable to HQ Insurance Pty Ltd SOME IMPORTANT THINGS YOU NEED TO KNOW It is essential that you carefully read and and which a reasonable person in the Cancellation of your Policy understand the following important notices. If you circumstances would include in answering the If a policy is cancelled before the expiry of the have any questions, please ask us. questions. Examples of matters that should be period of insurance, we reserve the right to refund disclosed are: the net return premium we received from the Make sure you comply with your Duty of - any claims you have made in recent years for the Insurer or have a cancellation fee charged to Disclosure particular type of insurance; offset the Insurers deduction of commission. The Insurance Contracts Act 1984 requires that - cancellation, avoidance of, or a refusal to renew Please ask us for any additional information you you, and everyone who is an insured under your your insurance by an insurer; require about our remuneration or cancellation policy, comply with the duty of disclosure. Make - any unusual feature of the insured risk that may policy. sure you explain the duty to any other insureds you increase the likelihood of a claim. may apply on behalf of. We do not do this unless - circumstances which may give rise to a claim. The Australian Financial Complaints Authority specifically agreed in writing. If you have any complaints about the service An insurer who is deciding whether they are provided to you, you should contact us and tell us The duty requires you to tell the insurer certain prepared to renew your policy, may give you a copy about your complaint. If the complaint cannot be matters which will help them decide whether to of anything you have previously told them and ask resolved to your satisfaction within 45 days, insure you and, if so, on what terms. You have this you to tell them if anything has changed. If an you have the right to refer the matter to the duty until the insurer agrees to insure you and insurer does this, you must tell them about any Australian Financial Complaints Authority (AFCA): before the insurer agrees to renew your policy. You change or advise that there is no change. If you do Online: www.afca.org.au also have the same duty before you extend, vary not respond then this will be taken to mean there Email: [email protected] or reinstate an insurance policy. The type of duty has been no changes. Phone: 1800 931 678 that applies can vary according to the type of policy. Mail: Australian Financial Complaints Authority Delay between final entry into the policy and GPO Box 3 Melbourne VIC 3001 If you are responding for other insureds original disclosure of information If you are providing information for other insureds, You need to tell us if you have disclosure of Important Notice about your Austbrokers Broker you confirm you have their authority to do so and information in the application process and and Hunter Premium Funding Agreement that the information provided is what they have something has happened that makes the told you in response to the duty of disclosure information disclosed inaccurate, or new matters Austbrokers role and remuneration obligations. arise that would require disclosure under the duty. Your Austbrokers Broker and AUB Group Limited You must do this before the policy has been ('AUB') (ABN 60 000 000 715) have a preferred Avoid making misrepresentations or not telling entered into (or renewed, varied, reinstated or supplier arrangement with Hunter Premium the insurer something extended as applicable). Funding Pty Ltd ('Hunter') for the arrangement If you (or anyone who is an insured, or a proposed of premium funding. They do not act for Hunter insured, under the policy) make a Misstatement of Premium and do not advise on whether Hunter's products misrepresentation, or if you do not tell the insurer We try to tell you the correct amounts of premium or services are right for you or are most something that you are required to tell them, they and statutory and other charges that apply to your appropriate. You need to make your own decision may cancel your policy or reduce the amount they insurance. In the event that we misstate that based on the information provided. will pay you in the event of a claim, or both. If the amount (either because we have made an misrepresentation or failure is fraudulent, the unintentional error or because a third party has If you use Hunter, your Austbrokers Broker insurer may refuse to pay a claim and treat the misstated the amount), we reserve the right to receives: policy as if it never existed. correct the amount. Where permitted by law, you (a) a payment based on the interest earned on the shall not hold us responsible for any loss that you premium funding by Hunter each month; If we act on behalf of the insurer, you need to refer may suffer as a result of any such misstatement. (b) a commission which is a percentage of the to the policy which will set out the duty that amount of funding provided to you; applies. We will advise you when/if we act on Change of Risk or Circumstances (c) a payment based on a percentage of all behalf of the insurer. You should carefully monitor and review that your outstanding loans less any cancelled or insurance contract is adequate to cover your assets terminated loans; and If we act on your behalf, to assist us in protecting or business activities and seek a variation if it is not. (d) a payment based on a percentage on certain your interests, it is important that you tell us every Many policies require us to notify the insurer in general insurance business placed by the matter that: writing of certain changes to the insured risk during Austbrokers Network with certain divisions of - you know; or the period of insurance. The insurer can then Allianz Insurance Ltd. - a reasonable person in the circumstances could decide whether to cover the new risk. Examples are: be expected to know, may be relevant to the - For insurance covering property location AUB receives certain upfront payments from insurer's decision whether to insure you and, if changes, new business activities or any Hunter for entering into (or renewing) a preferred so, on what terms. significant departure from your normal business supplier arrangement with Hunter. Your operations. Austbrokers Broker is owned [partly/wholly] by If in doubt it is better to tell us. We will then assist - For insurance covering your liability to third AUB and benefits from any profit made by this you in determining what needs to be disclosed to parties changes to the nature of your business, entity due to this arrangement. the insurer in order to meet your duty. and specifically in products liability, changes to your product range or your involvement in If your loan is cancelled, your Austbrokers Broker When you first apply for your policy, the insurer products not previously notified to insurers. and AUB keep any payments received pursuant to may ask you specific questions relevant to their the above arrangement with Hunter.If you need decision whether to insure you. Interest of Other Parties more information or explanation of the above, Many policies exclude cover for an interest in the please ask us. Before an insurer agrees to renew your policy, you insured property held by someone other than the may again be asked specific questions by the insured, unless that interest is specifically noted in Cancellation of your Policy(ies) on request of insurer relevant to their decision whether to renew the policy. For example, if property is jointly Hunter your policy. owned, or subject to finance, the interest of a third Your Loan Agreement with Hunter allows your party such as the joint owner or financier may be Austbrokers Broker, on receipt of a notice from When you answer any questions asked by the excluded if it is not specifically noted on the policy. Hunter requesting cancellation of any policy insurer, you must give honest and complete If you want the interest of any third party to be specified in the Loan Agreement with Hunter, to answers and tell the insurer, in answer to each covered, please let us know, so that we can ask the cancel the policy and provide the relevant refund question, about every matter that is known to you insurer to note that party's interest on the policy. to Hunter. Your Austbrokers Broker will notify you of any such cancellation. HQ Insurance Pty Ltd ABN 46 091 731 225 AFSL No. 235666 Level 10, 1 Elizabeth Plaza North Sydney NSW 2060 P.O. Box 1329 North Sydney NSW 2059 Tel (02) 8913 1640 Fax (02) 8569 2065

Bennett Racing Pty Ltd COVERAGE SUMMARY Bloodstock Mortality Schedule

IMPORTANT NOTICE We provide our financial services under the terms and conditions noted in our Financial Services Guide and Privacy Collection Notice issued to you. If you do not have one of these documents, please call us on the number shown above or visit our website. You must read these documents before proceeding and by proceeding you represent and warrant you have received and read it. We are committed to protecting your privacy in accordance with the Privacy Act and the Australian Privacy Principles. Full details about our privacy practices can be found in our Privacy Policy available at our website or by contacting us for a copy. The following is a summary cover only. For full terms and conditions including definitions, conditions, other limits and exclusions, please refer to your Policy Document or Product Disclosure Statement. We would like to remind you, that if this policy is cancellable and you cancel before the expiry date, we will refund the unused premium less our fee and commission. The Insurer or Agency may also impose a fee on Cancellation. Any errors identified in the summary below must be reported to your Account Manager for amendment.

BLOODSTOCK INSURANCE SCHEDULE ------

WE ACT FOR THE INSURER NOT YOU We arrange for the issue, variation or disposal of the insurance and the handling and settlement of any claims as Agent of the Insurer, not you. This means that we act in the Insurer's interests not yours.

We have a "Binding Authority" from the Insurer. This means we can enter into the insurance and/or handle or settle claims on their behalf without reference to them, provided it is within the Binding Authority they have given us.

ASSURED: Bennett Racing Pty Ltd and others for their respective rights and interests.

TYPE OF COVER: All Risks of Mortality

1 Description: UNNAMED (Sebring x Bella Vedera) DOB: 2019 Sex: Filly Use: Training / Racing Sum Insured: $ 121,000 Interest: 100% State: VIC Country: AU

TOTAL LIMIT OF UNDERWRITERS LIABILITY: $ 121,000

SITUATION: Whilst anywhere in Australia/New Zealand including transit within and between said countries.

STANDARD CLAUSES INCLUDED IN YOUR POLICY: ------Full Mortality as per Lloyd's Australian Wording LMA3069A Agreed Value Clause Part-Ownership Clause Terrorism Exclusion Endorsement NMA2920 Wobbler Syndrome Clause NMA2878 Avian Influenza Exclusion Berserk Extension Clause Institute Radioactive Contamination, Chemical, Biological, Bio-chemical and Electromagnetic Weapons Exclusion Clause CL370

Reference: HQI HQI B8351 0337502/000 Page No. 1 HQ Insurance Pty Ltd ABN 46 091 731 225 AFSL No. 235666 Level 10, 1 Elizabeth Plaza North Sydney NSW 2060 P.O. Box 1329 North Sydney NSW 2059 Tel (02) 8913 1640 Fax (02) 8569 2065

Bennett Racing Pty Ltd COVERAGE SUMMARY Bloodstock Mortality Schedule

Cyber Exclusion Endorsement LMA5407 Surgical Operations Clause LMA5107 Sanction Limitation and Exclusion Clause LMA 3100 Hendra Virus Endorsement LMA5214 Coronavirus Absolute Exclusion

EXTENSIONS AVAILABLE As either charged for or as agreed by Underwriters

Guaranteed Renewal up to age 14 INCLUDED Life Saving Surgery up to $15,000 INCLUDED

NOTE: LIFE SAVING SURGERY LIMIT IS BASED ON 100% INTEREST AND ADJUSTED FOR YOUR SHARE IN THE EVENT OF A CLAIM OCCURRING.

Please note Premium for the LIFE SAVING SURGERY extension is earned in full. If your policy is cancelled, no return premium for this extension is applicable.

FPIL (Full Premium Payable in The Event Of A Claim)

In the event of loss, the Assured agrees to pay the difference between the premiums paid hereon and the premium calculated at the full annual rate on the amount of this policy. (Example, all premiums paid on a pro rata basis for a period less than 12 months will be subject to FPIL)

DEATH/INJURY/ILLNESS NOTIFICATION

In the event of Death, Injury or Illness of your horse, it is a policy requirement that immediate notification is advised to the offices of HQ Insurance and if outside business hours, as per the following contacts:-

Sara Ryman Mobile 0417 277 464

Fergus Deacon Mobile 0413 126 145

Dr. Andrew Dart Mobile 0412 460 041 (For emergency Veterinary Consultation) University of Sydney

COMPLAINT AND/OR DISPUTE RESOLUTION

This Coverage Summary is Insurance Council of Australia's General Insurance Code of Practice complaint, apart from any claims adjusted outside Australia. Underwriters at Lloyd's proudly support the General Insurance Code of Practice. The purpose of the Code is to raise standards of practice and service in the general insurance industry. Any enquiry or complaint relating to this Insurance should be referred to the Coverholder shown above in the first instance. If this does not resolve the matter or you are not satisfied with the way a complaint has been dealt with, you should write to:

Lloyd's Australia Limited

Reference: HQI HQI B8351 0337502/000 Page No. 2 HQ Insurance Pty Ltd ABN 46 091 731 225 AFSL No. 235666 Level 10, 1 Elizabeth Plaza North Sydney NSW 2060 P.O. Box 1329 North Sydney NSW 2059 Tel (02) 8913 1640 Fax (02) 8569 2065

Bennett Racing Pty Ltd COVERAGE SUMMARY Bloodstock Mortality Schedule

Level 9, 1 O'Connell Street SYDNEY NSW 2000 Telephone Number: (02) 8298 0783 Facsimile Number: (02) 8298 0788 Email: [email protected]

If your dispute remains unresolved after 45 days you will be referred to the Australian Financial Complaints Authority (AFCA) under the terms of the General Insurance Code of Practice. For other disputes you will be referred to other proceedings for resolution. Details are available from Lloyd's Australia at the address above.

BINDING AUTHORITY

This policy has been transacted under a binding authority. This means that we act as an agent of the insurer and not as your agent. As an agent of the insurer we must comply with the General Insurance Code of Practice. Accordingly, if you have any complaints about the products or services provided to you, you should contact us and tell us about your complaint. If the complaint cannot be resolved to your satisfaction within 15 business days, you have the right to refer the matter to Lloyd's Australia. Should this still not resolve the matter you may then be entitled to refer the matter to the Australian Financial Complaints Authority (AFCA). We will provide you with further details about AFCA upon lodging your complaint with us, or at any time upon your request. This clause replaces the final paragraph on the reverse of your Tax Invoice.

The cost of this insurance is based on the animal's age, use and value, as well as certificates from qualified veterinary surgeons.

In paying this premium, you agree to being bound by the terms and conditions of this insurance including acknowledgement of any Unauthorised Foreign Insurer Notice if applicable.

PLACED WITH POLICY NUMBER PROPORTION

Lonmar Global Risks LON00003119/2020 100.0000%

Corn Exchange 55 Mark Lane LONDON EC3R 7NE * SUPPORTING INSURERS - Lloyds of London (Syndicated) 60.0000% Lime Street London - Convex Insurance UK 40.0000% 52-54 Lime Street LONDON EC3M 7AG

Reference: HQI HQI B8351 0337502/000 Page No. 3