fasig select six bonus details
The $2MM Fasig Select Six Oaks/Derby Bonus is provided solely pursuant to a prize indemnity insurance policy issued by Underwriters at Lloyd’s of London and HDI Global Specialty SE (Lloyd’s Certificate PPI-14602). The coverage is subject to all the terms, conditions and exclusions of the insurance policy. The policy will pay $2MM if one of the six horses purchased by MyRacehorse at the Fasig Tipton 2021 Saratoga Select Sale wins either the Kentucky Derby or the Kentucky Oaks in 2023. These horses are referred to as the “Fasig Select Six.” The policy will not pay out greater than $2MM if more than one of the Fasig Select Six wins the Oaks and/or Derby. For example, if a Fasig Select Six filly wins the Oaks and a colt wins the Derby, the $2MM prize indemnity payout would be split equally among the winners ($1MM each). Or if a Fasig Select Six filly wins the Oaks and two Fasig Select Six colts win the Derby in a dead heat, the $2MM prize indemnity payout will be split equally three ways. Other than the proceeds from the prize indemnity insurance policy, neither MyRacehorse or any other person or entity related to or affiliated with MyRacehorse shall be responsible for paying any portion of the $2MM Fasig Select Six Oaks/Derby bonus. In the event one or more of the Fasig Select Six wins the Kentucky Oaks and/or Kentucky Derby, the bonus will only be paid out to the individual shareholders of the relevant individual Series LLC once Lloyd’s of London and HDI Global Specialty have made payment under the prize indemnity policy (Lloyd’s Certificate PPI-14602). The use of “MyRacehorse” above refers to My Racehorse CA, LLC, any individual My Racehorse Series owning one of the Fasig Select Six horses and/or Experiential Squared, Inc.