Martin and Marion Abbene - Page 5

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            Toast of the Town Gelded Thoroughbred       1,500   1976/1977      1973   1994               
            Meadow Silk Spirit Female Welsh pony           800   1976/1977        3     2                
            Spectacular Rhythm Female Thoroughbred       5,000      1984  1979          2                
            Magic Moment      Gelded Thoroughbred       4,000      1986   1974        1991               
            King Lion         Gelded Irish Warmblood   63,000      1987   1981          2                
                  1Before the incorporation of Blue Ribbon, no horses were sold.                         
                  2Date of death not disclosed in the record.                                            
                  3Date of birth not disclosed in the record.                                            


                                              Equipment                                                  
            Type                            Purchase Price                 Year Purchased                
            Pickup truck                   $10,321                             1978                     
            Trailer                        17,500                               1987                     
            Riding equipment               10,000                         1986-88                        
            Coral and fencing              5,000                                1988                     
                  During the years preceding the incorporation of Blue Ribbon,                           
            Elena competitively rode several of her father's horses including                            
            Country Girl,6 Meadow Silk Spirit, and Magic Moment.7  Elena, an                             
            accomplished rider, also won many ribbons for showing Magic                                  
            Moment, Toast of the Town, Nakita, and Spectacular Rhythm.                                   
                  Before the incorporation of Blue Ribbon, Mr. Abbene                                    
            maintained a separate checkbook for all of the expenditures that                             
            he incurred for his showing, riding, and breeding activities.                                
            Mr. Abbene also maintained a log showing all the competitions in                             
            which he entered horses.  Mr. Abbene never realized a profit from                            
            his horse-related activities during the period from 1971 to 1989.                            


            6     Elena rode Country Girl in the national championships.                                 
            7     Elena rode Magic Moment, a jumper, in the national                                     
            championships and in Olympic competition.                                                    




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Last modified: May 25, 2011