ALLOCATION OF BUDGETED EXPENSES The following represents the budgeted monthly costs for each horse based on 1% ownership: $22.49 per month until the horse begins training on the farm. $33.74 per month once it begins training on the farm. $44.98 per month once the horse begins training at a racetrack. TWO THINGS TO REMEMBER 1. Costs (expenses) are invoiced quarterly (in advance). To determine the amount for larger percentages, multiply the above figures by the percent you intend to purchase or call us and we will be happy to assist you in calculating the amount. 2. These costs (expenses) are the typical expenses incurred for each horse owned. Extraordinary expenses are not budgeted for, but would still be required to be paid, should such events occur. Most horses will not exceed the budgeted expenses, but it is possible - should unforeseen situations occur (injury, litigation, etc.).