S.K. Johnston, III and Julie N. Boyle f.k.a. Julie N. Johnston, et al. - Page 33

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            John Griggs (Dr. Griggs).  Dr. Griggs served on the board of                              
            directors of the Midwest Steeplechase Association and had been                            
            involved successfully in the steeplechase business for many                               
            years.  He was honored by the National Steeplechase Association                           
            on several occasions for having superior horses, and he has                               
            trained horses that won the Eclipse Award, which is the highest                           
            honor awarded to a steeplechase horse.                                                    
            The stables would typically have five to six horses in                                    
            training at a time.  Gillian Johnston owns all of the                                     
            steeplechase horses that she trains; she does not train other                             
            people's horses.  Generally, she would get the horses in                                  
            competitive condition at GJ and then she would send them to                               
            experts in Pennsylvania for galloping and jumping training.  The                          
            horses would be returned to the stables for further exercise                              
            prior to being entered into a steeplechase tournament.                                    
                  During the years in issue, Gillian Johnston spent most of                           
            her time tending to the business of GJ Stables.  On weekdays, she                         
            would work in the stables from 8:30 a.m. until late afternoon                             
            with the help of one assistant.  On weekends, she would work in                           
            the stables all day, starting at 7 a.m., without any assistance.                          
            Once trained, the horses would compete for substantial purses on                          
            the regular steeplechase circuit.  Currently, purses at some of                           
            these races exceed $100,000.  GJ's horses have won major                                  
            steeplechase races, including Saratoga in 1987 and 1991.  Gillian                         
            Johnston has not done any steeplechase racing in this country;                            



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