MHP will construct and operate a multi-discipline equestrian park, located on approximately 210 acres of land (including habitat reserve) in Parker Flats, on the decommissioned military base, Ft. Ord, in Monterey County, California. The facility is designed to promote the training of amateur equestrians and to host breed shows and competition in all eight Federation Equestre Internationale (“FEI”) disciplines. MHP’s facility will provide California with a major equestrian center which, in time, is expected to attract prestigious international events of the caliber of The Rolex Three-Day Event at the Kentucky Horse Park.