Exhibit 10.7

TERM SHEET

BETWEEN EMABRR DOWNS AND SC CAPITAL

October 27, 2013

This Term Sheet summarizes the principal terms of the Line of Credit Financing Between Embarr Downs (the “Company”) and SC Capital (the “Investor”).  No legally binding obligations will be created until definitive agreements are executed and delivered by all parties.  This Term Sheet is not a commitment to invest, and is conditioned on the completion of due diligence, legal review and documentation that is satisfactory to the Investors.  This Term Sheet shall be governed in all respects by the laws of  California.

Offering Terms
Closing Date:	As soon as practicable following the Investor and Company’s acceptance of this Term Sheet and satisfaction of the Conditions to Closing (the “Closing”).  However, no later than December 31, 2013.
Line of Credit Size:	Up to $200,000
Interest Rate:	Nine Percent (9%) per annum.
Maturity Date:	August 31, 2015
Loan Repayment:	The Loan shall bear a maturity on august 31, 2015. Until such date, the loan will be subject to interest only payments with payments being made on the 15th of each month for the preceeding month;s interest payments.
Use of Proceeds;	To acquire thoroughbreds and the associated costs to maintaining the thoroughbreds
Collateral:	Investor shall be entitled to file a UCC secured position against any and all of the Company’s thoroughbred as security for this Line of Credit
Guarantees:	This Line of Credit shall be personally guaranteed by the Company’s CEO, Joseph Wade.
Expiration:	This Term Sheet expires on October 31, 2013 if not accepted by the Company by that date.

EXECUTED this 27th day of October, 2013.

Company: /s/ Joseph Wade                             Its: President/CEO Investor: /s/ Valerie Baugher                                  Its: President