1. Breeders’ Cup Limited Presentation of New Racing & Nominations Programs IFHA Conference October 4, 2010

2. New Nominations Program: Background Premise: International competition is the future of Breeders’ Cup and our sport The cross-registration agreement between BC and the EBF expires at the end of 2010. BC required a new nominations model to significantly broaden international participation in our events.

3. New Programs New programs authored by an international subcommittee chaired by Clem Murphy (Coolmore) and attended by Olly Tait (Darley), Bill Farish (Lane’s End), Bill Oppenheim and Greg Avioli. Three-part program: International Stallion Nominations One-time “Open Enrollment” in 2011 Enhanced Challenge Series

4. New International Nominations Program International stallions can nominate directly to BC for the first time. Lower fees than for U.S. stallion nominations: Northern Hemisphere: 50% of stud fee Southern Hemisphere: 25% of stud fee All foals automatically BC eligible without payment of additional fees

5. New International Nominations Program Program begins for 2011 breeding season Expected to increase the number of international foals eligible for BC each year from less than 1,200 to over 20,000 by 2015 Results in more of the world’s top horses competing in BC events

6. 2011 Open Enrollment One-time nomination program intended to increase international participation in the Championships beginning in 2011 Timeframe: February 1 – June 30, 2011 Nomination fees: Yearlings: $3,000 Two-year olds: $6,000 Three-year olds and up: $25,000

7. BC Challenge Series Challenge “Win & You’re In” series: a 65 race program conducted in seven countries U.S., Canada, England, Ireland, France, Australia and Hong Kong Challenge winner benefits for 2011: Automatic berths in the Championships Championships entry fees waived Travel subsidies