Derby Race Conditions (04/23/14)

These are the exact race conditions for the 140th running of the Kentucky Derby that appear in the Churchill Downs spring meet condition book.

The 140th Running of THE KENTUCKY DERBY Presented by Yum! Brands $2,000,000 Guaranteed Grade I ONE MILE AND ONE-QUARTER

For three-year-olds, with an entry fee of $25,000 each and a starting fee of $25,000 each. A minimum $500 jockey mount fee will apply to starters that finish beyond third place. Supplemental nominations may be made upon payment of $200,000 and in accordance with the rules set forth herein.

All fees, including supplemental nominations, in excess of $900,000 in the aggregate shall be paid to the winner. Churchill Downs Racetrack (CDRT) shall guarantee a minimum gross purse of $2,000,000 (the "Guaranteed Purse"). The winner shall receive $1,240,000, second place shall receive $400,000, third place shall receive $200,000, fourth place shall receive $100,000 and fifth place shall receive $60,000 from the Guaranteed Purse (the Guaranteed Purse to each place to be divided equally in the event of a dead heat).

Starters shall be named through the entry box on Wednesday, April 30, 2014, at 10:00 am Eastern Daylight Time (the "Closing"). CDRT, in its sole and absolute discretion, may set the number of starters up to a maximum of twenty (20) and the number of horses that are also-eligible to start up to a maximum of four (4). Colts and Geldings shall each carry a weight of one hundred twenty six (126) pounds; Fillies shall each carry one hundred twenty one (121) pounds. Supplemental Nominees may enter and will be treated equal to any Original Nominee without preference of one over the other. If the number of nominees exceeds the number of available starting positions and also-eligible positions set by CDRT (the "Number of Starting and AE Positions") at the Closing, these conditions shall be applied to determine which nominees will be allowed to start and which nominees will be designated as also-eligible to start. In the event that more than the Number of Starting and AE Positions pass through the entry box at the Closing, the starters and also-eligible horses shall be determined at the Closing from Original Nominees and Supplemental Nominees if starting and/or also-eligible positions are still available, with preference given to those horses that have accumulated the most points pursuant to the Road to the Kentucky Derby Point System.

For purposes of this preference, the Road to the Kentucky Derby Point System shall mean the point values assigned to the first four finishing positions in each race comprising the Road to the Kentucky Derby as published by Churchill Downs Racetrack. Notwithstanding the foregoing, CDRT may, at its sole discretion, allocate one or more starting and/or also-eligible positions or otherwise give preference to winners of a designated race or races provided, however, that any such designated race or races may not include restrictive provisions relative to which a horse may enter such race or races, other than by sex or age. In the event of any ties resulting from the Road to the Kentucky Derby Point System or should additional horses be needed to bring the field to the Number of Starting and AE Positions, the remaining starters and also-eligible horses shall be determined at the Closing with preference given to those horses that have accumulated the highest earnings in non-restricted sweepstakes. For purposes of this preference, a "non-restricted sweepstakes" shall mean those sweepstakes whose conditions contain no restrictions other than that of age or sex. In the case of remaining ties resulting from preferences or otherwise, the additional starter(s) and/or also-eligible horses shall be determined by lot. Any horse excluded from running because of the aforementioned preference(s) shall be refunded the $25,000 entry fee and the $200,000 supplemental fee, if applicable. After the Closing, CDRT shall designate in order of preference the nominees that are also-eligible to start in accordance with these conditions ("Also Eligible Horses").

If a starter is scratched from the Kentucky Derby before 9:00 a.m (Eastern Standard Time or EST) on Friday, May 2, 2014 ("Scratch Deadline"), then the Also Eligible Horse with the highest preference (if any) as determined by these conditions shall become a starter. All starters and Also Eligible Horses must be stabled at Churchill Downs by Thursday, May 1, 2014 Post positions shall be determined by a nontransferable lot number being drawn for each horse named as a starter at the Closing. The lot number drawn for each starter shall determine the post position of such starter. Horses having common ties through ownership or training shall each be treated separately for purposes of determining post position. In the event of one or more scratches after the determination of post positions and prior to the Scratch Deadline, then (i) starters with post positions higher than the post position of the scratched starter will be moved to the next lowest empty post position (i.e., toward the inside rail of the race track) and (ii) the Also Eligible Horse that becomes a starter (if any) will receive the lowest post position available after the post positions of the other starters have been moved as provided above. In the event one or more scratches occur after the Scratch Deadline, no Also Eligible Horses will be permitted to start and the post positions shall be moved, without changing the order of the starters, as determined by the stewards and CDRT to be in the best interests of the safety of the race participants. Post positions shall be moved for each scratch that occurs so that there are no empty post positions in-between horses at the start of the Kentucky Derby. Detailed rules governing the post-position draw process are available from the Racing Secretary's office and will be distributed prior to the Closing. These rules shall control. The owner of the winner of the Race shall receive a gold trophy.

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