SCHEDULE 2

TRM MEMBERSHIP

Group Managers

  – These users will set up and manage an Ownership Group and will gain access to additional parts of the platform, such as the management dashboard. An Ownership Group may be managed by one or more Group Managers and “Group Manager” is defined accordingly.

Group Members

 – These users will be part of an ownership group and own an equity stake in a horse or in an ownership group. They will be registered with TRM and will be able to use certain features within the platform. They may be invited to join an Ownership Group by the Group Manager or they may apply to join an Ownership Group that is listed with available shares to purchase on TRM.

Guest Members (i.e. Friends & Family)

 – These users will have access to the same information within an Ownership Group as Group Members, although they won’t actually own any proportion of the horse or the Ownership Group. Guest Members may be invited to join by the Group Manager. They will need to register with TRM once they have been invited to join. A Group Manager is able to invite a maximum of five Guest Members.

Trainers

 – The racehorse trainer (where not the Group Manager) will be invited to join an Ownership Group and will register with TRM. They will be able to access the same features as an ordinary Group Member but will also be able to access a Trainer app which will be tailored to provide communications to the Group Members (and any Guest Members) in the ‘updates’ section of the platform. Trainers may also set up Ownership Groups, in which case they would be fulfilling the role of a Group Manager and would also gain access to the features outlined for that user type.

Trainer Representatives

 – A Trainer may appoint a single representative to use the TRM platform on their behalf. The Representative (if not the Group Manager) would be registered on TRM and linked to a specific Ownership Group in order to gain certain Trainer access rights.