Membership Reservation

$1,000

Reserve your Badlands Motorsport Club Membership with a fully-refundable deposit. Your deposit secures your opportunity to purchase a membership at the currently offered value. If you choose not to purchase a membership in advance of a membership fee increase, your deposit will automatically secure your option to purchase at the newly offered membership price.

All deposits are held in a lawyer’s trust account. This deposit is fully refundable, subject to the terms and conditions described below.

Clear
INDIVIDUAL AND FAMILY MEMBERSHIP LEVEL STANDARD VIP CORPORATE
Standard one-time initiation fee* $13,900 $45,000 $150,000
Mandatory driver training school ($2,500 value) included included included
Annual membership dues $3,350 $5,000 $15,000
Membership duration lifetime lifetime lifetime
Resalable membership yes yes yes
Number of individuals covered under plan 1 2 4
Total number of free guest driving days annually 2 4 8
Additional membership options for immediate family members at discounted rates yes yes yes
Number of track reservations available in summer season (Jun. 1-Sep. 15)** 6 unlimited unlimited
Number of road course days available when track not full. unlimited unlimited unlimited
Number of track reservations available in spring season (Apr. 1-May 31) unlimited unlimited unlimited
Number of track reservations available in fall season (Sep. 16-Oct. 31) unlimited unlimited unlimited
Reservation priority 3rd priority 2nd priority 1st priority
Pre-season reservation allowances 2 8 16
Additional active season reservation allowances (rolling) 1 2 4
Entry to all BMR members only competition events limited unlimited unlimited
Entry to BMR members only time attack events limited unlimited unlimited
Entry to BMR members only race events limited unlimited unlimited
Private Track days (exclusive hosted day by Corporate Member) n/a n/a 1/60 guests max
Private Event days (Inclusive to VIPs and Corporates) n/a yes yes
Compulsory track introductory driving school included included included
Non-participating guests access to the facility per day (member days) unlimited unlimited unlimited
Passengers per day unlimited/$50 unlimited/$50 unlimited/$50
Maximum times a guest can drive per year 1 1 1
Clubhouse access yes yes yes
Clubhouse VIP lounge access n/a yes yes
Branding & advertising packages n/a n/a yes
Garage or storage rental 3rd priority 2nd priority 1st priority
Garage or storage purchase 3rd priority 2nd priority 1st priority
Track car rentals 3rd priority 2nd priority 1st priority
VIP event access 3rd priority 2nd priority 1st priority
Advanced driving courses discount 15% 20% 25%

* There are a limited number of discounted memberships available for each membership level.
** Standard memberships can make 6 reservations during high season but can also access the track anytime it is not booked to capacity.

Terms and Conditions

REFUNDABLE MEMBERSHIP DEPOSIT AGREEMENT

THIS AGREEMENT is between the prospective member (“Prospective Member”) and Badlands Motorsport Club Facilities Inc. (“BMCF”) in respect of a refundable deposit provided by the Prospective Member to BMCF in the amount of $1,000 to reserve the right to purchase a membership in Badlands Motorsports Club (the “Club”). The Club is operated by BMCF and is expected to be run out of facilities of Badlands Motorsports Resort to be developed in the Canadian Badlands near Drumheller and Calgary in Alberta, Canada. The projected opening date of the Club is expected to be on or about September 4, 2021, and is subject to change based on construction scheduling and development logistics.

The membership rates of the Club have not yet been established. Published rates and benefits are projections and may change before the opening date.

BMCF hereby acknowledges receipt of the sum of $1,000 paid by the Prospective Member. BMCF will accept payment of the deposit by e-transfer, credit card or cheque payable to BMCF’s legal counsel. All deposits received by BMCF hereunder will be held in a non-interest-bearing solicitor’s trust account, subject to the terms of this agreement.

The Prospective Member has the right at any time to request BMCF to provide a full refund, without penalty or interest, of the deposit until the Paving Date within twenty (21) days of a written request. The Paving Date is the date upon which the paving of the Badlands Motorsports Resort racecourse is anticipated to commence. The Paving Date is estimated to be on or about August 1, 2021, but is subject to change based on construction schedules and development logistics.

BMCF will provide the Prospective Member with written notice of the Paving Date occurrence along with a copy of the Badlands Motorsport Club Membership Agreement and a Club membership application. Within thirty (30) days of such notice, the Prospective Member may submit to BMCF an application for a Club membership (at a type and level set out in the Club Membership Agreement) at the special discounted rate and have the deposit applied as a credit to the purchase of such Club membership. Upon receipt of the Prospective Member’s notice, BMCF shall provide the Prospective Member with a Membership package for review. Membership in the Club of all levels and types are non-equity members and only provide certain rights to use the facilities of the Club.

Should the Prospective Member not wish to apply for a Club membership, the thirty day period expires, or the Paving Date does not occur prior to August 1, 2021, the Prospective Member’s entire deposit, without penalty or interest, will be returned within twenty-one (21) days and both BMCF and the Prospective Member will have no further obligation under this agreement.

BMCF and the Prospective Member acknowledge and agree that a Club membership is not intended to be a security of BMCF or the Club, and a Club membership does not entitle a Prospective Member to an equity interest or any profit-sharing in BMCF or the Club. Nothing herein shall be construed as an offering of securities by BMCF or the Club. The payment of the deposit by the Prospective Member to BMCF shall only be considered to be a refundable deposit for a Club Membership and shall not be a deposit or a partial payment for the purchase of any securities of BMCF or the Club.