EX-99 2 OfferingStatement.htm FORM C Q&A Netcapital

Offering Statement for
LafayetteRaceway.com, LLC (“Lafayette Raceway”)

This document is generated by a website that is operated by NetCapital Systems, LLC ("Netcapital"), which is not a registered broker-dealer. Netcapital does not give investment advice, endorsement, analysis or recommendations with respect to any securities. All securities listed here are being offered by, and all information included in this document are the responsibility of, the applicable issuer of such securities. Netcapital has not taken any steps to verify the adequacy, accuracy or completeness of any information. Neither Netcapital nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy or completeness of any information in this document or the use of information in this document.

All Regulation CF offerings are conducted through Netcapital Funding Portal Inc. ("Portal"), an affiliate of Netcapital, and a FINRA/SEC registered funding-portal. For inquiries related to Regulation CF securities activity, contact Netcapital Funding Portal Inc.:

Paul Riss
paul@netcapital.com

Netcapital and Portal do not make investment recommendations and no communication, through this website or in any other medium, should be construed as a recommendation for any security offered on or off this investment platform. Equity crowdfunding investments in private placements, Regulation A, D and CF offerings, and start-up investments in particular are speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups. Companies seeking startup investments through equity crowdfunding tend to be in earlier stages of development and their business model, products and services may not yet be fully developed, operational or tested in the public marketplace. There is no guarantee that the stated valuation and other terms are accurate or in agreement with the market or industry valuations. Additionally, investors may receive illiquid and/or restricted stock that may be subject to holding period requirements and/or liquidity concerns. In the most sensible investment strategy for start-up investing, start-ups should only be part of your overall investment portfolio. Further, the start-up portion of your portfolio may include a balanced portfolio of different start-ups. Investments in startups are highly illiquid and those investors who cannot hold an investment for the long term (at least 5-7 years) should not invest.

The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

The Company

  1. What is the name of the issuer?
    LafayetteRaceway.com, LLC

Eligibility

  1. The following are true for LafayetteRaceway.com, LLC:
    • Organized under, and subject to, the laws of a State or territory of the United States or the District of Columbia.
    • Not subject to the requirement to file reports pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934.
    • Not an investment company registered or required to be registered under the Investment Company Act of 1940.
    • Not ineligible to rely on this exemption under Section 4(a)(6) of the Securities Act as a result of a disqualification specified in Rule 503(a) of Regulation Crowdfunding. (For more information about these disqualifications, see Question 30 of this Question and Answer format).
    • Has filed with the Commission and provided to investors, to the extent required, the ongoing annual reports required by Regulation Crowdfunding during the two years immediately preceding the filing of this offering statement (or for such shorter period that the issuer was required to file such reports).
    • Not a development stage company that (a) has no specific business plan or (b) has indicated that its business plan is to engage in a merger or acquisition with an unidentified company or companies.
  2. Has the issuer or any of its predecessors previously failed to comply with the ongoing reporting requirements of Rule 202 of Regulation Crowdfunding?
    No.

Directors of the Company

  1. Provide the following information about each director (and any persons occupying a similar status or performing a similar function) of the issuer. List all positions and offices with the issuer held and the period of time in which the director served in the position or office. List the employers, titles and dates of positions held during past three years with an indication of job responsibilities.

    Mark Snyder

     

    Dates of Board Service
    06/2016 - Current
    Principal Occupation
    Manager, Snyder Entertainment Group, LLC
    Positions with LafayetteRaceway.com, LLC
     

    Manager

     
    Dates of Service
    06/2016 - Current
    Business Experience
     

    Custom Installations

     
    Principal Business
    Communications
    Title
    Owner
    Dates of Service
    03/1987 - Current
    Responsibilities

    Custom Installations has installed thousands of car phones, audio, stereo, communications, safety and surveillance equipment for the automobiles, homes and businesses of the Greater Lafayette area.

    S & C Ignition Interlock, LLC

     
    Principal Business
    Auto
    Title
    Installer
    Dates of Service
    01/2012 - Current
    Responsibilities

    Installs breathalyzers in cars, primarily for DWI offenders as part of the terms of their probation.

    Monte Snyder

     

    Dates of Board Service
    06/2016 - Current
    Principal Occupation
    Manager, Snyder Entertainment Group, LLC & Member, Professional Putters Association
    Positions with LafayetteRaceway.com, LLC
     

    Manager

     
    Dates of Service
    06/2016 - Current
    Business Experience
     

    Professional Putters Association

     
    Principal Business
    Sports
    Title
    Member
    Dates of Service
    06/1985 - Current
    Responsibilities

    Compete for a national ranking

    International Drivers Training School

     
    Principal Business
    Auto
    Title
    Instructor
    Dates of Service
    03/2006 - 10/2015
    Responsibilities

    Instruct International students, mostly attending Purdue University, how to drive safely in the United States.

Officers of the Company

  1. Provide the following information about each officer (and any persons occupying a similar status or performing a similar function) of the issuer. List any prior positions and offices with the issuer and the period of time in which the officer served in the position or office. List any other employers, titles and dates of positions held during past three years with an indication of job responsibilities.

    Mark Snyder

     

    Positions with LafayetteRaceway.com, LLC
     

    Manager

     
    Dates of Service
    06/2016 - Current
    Responsibilities

    Oversee the development of the business (the park) and hire the staff.

    Business Experience
     

    Custom Installations

     
    Principal Business
    Communications
    Title
    Owner
    Dates of Service
    03/1987 - Current
    Responsibilities

    Custom Installations has installed thousands of car phones, audio, stereo, communications, safety and surveillance equipment for the automobiles, homes and businesses of the Greater Lafayette area.

    S & C Ignition Interlock, LLC

     
    Principal Business
    Auto
    Title
    Installer
    Dates of Service
    01/2012 - Current
    Responsibilities

    Installs breathalyzers in cars, primarily for DWI offenders as part of the terms of their probation.

    Monte Snyder

     

    Positions with LafayetteRaceway.com, LLC
     

    Manager

     
    Dates of Service
    06/2016 - Current
    Responsibilities

    Oversee the development of the business (the park) and hire the staff.

    Business Experience
     

    Professional Putters Association

     
    Principal Business
    Sports
    Title
    Member
    Dates of Service
    06/1985 - Current
    Responsibilities

    Compete for a national ranking

    International Drivers Training School

     
    Principal Business
    Auto
    Title
    Instructor
    Dates of Service
    03/2006 - 10/2015
    Responsibilities

    Instruct International students, mostly attending Purdue University, how to drive safely in the United States.

Principal Security Holders

  1. Provide the name and ownership level of each person, as of the most recent practicable date, who is the beneficial owner of 20 percent or more of the issuer’s outstanding voting equity securities, calculated on the basis of voting power. To calculate total voting power, include all securities for which the person directly or indirectly has or shares the voting power, which includes the power to vote or to direct the voting of such securities. If the person has the right to acquire voting power of such securities within 60 days, including through the exercise of any option, warrant or right, the conversion of a security, or other arrangement, or if securities are held by a member of the family, through corporations or partnerships, or otherwise in a manner that would allow a person to direct or control the voting of the securities (or share in such direction or control — as, for example, a co-trustee) they should be included as being “beneficially owned.” You should include an explanation of these circumstances in a footnote to the “Number of and Class of Securities Now Held.” To calculate outstanding voting equity securities, assume all outstanding options are exercised and all outstanding convertible securities converted.

    Snyder Entertainment Group, LLC

     

    Securities
    1,000
    Class
    Founding Member
    Voting Power
    100.0%

Business and Anticipated Business Plan

  1. Describe in detail the business of the issuer and the anticipated business plan of the issuer.

    By Crowd Funding this exciting business, we are essentially creating a semi-private country club environment for our - “Your Family Fun Park”…LafayetteRaceway.com will provide the residents of Greater Lafayette Indiana and visitors to the Purdue University twin cities, a safe, social gathering place to experience wholesome family entertainment, enjoy quality time with friends and relatives while sharing a meal in a unique comfortable setting…the investors will have a “vested” interest in seeing the Park succeed and will provide a steady stream of patrons to the facility, as well as encouraging others to participate in its many attractions…Investing in LafayetteRaceway.com is a unique opportunity to “Put your Money Where Your Fun Is”…We need only 300 of the 45,000+ families that live within 5 miles of the site to invest $10,000…for as little as $100 you can help us develop this exciting business and reap in the above average rewards…What other investments guarantee this much fun…?

    For additional information, please see attached BusinessPlan.pdf

Risk Factors

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment.

In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document.

The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature.

These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.

  1. Material factors that make an investment in LafayetteRaceway.com, LLC speculative or risky:
    1. As is with any start-up business, LRC has substantial risks…there is no guarantee that the business will succeed…the business plan calls for the Park to be developed over several phases, even if the 1st phase is funded, it may not be profitable…the 2nd thru 6th phases could fail to be funded…the overall success of the Park is dependent on many factors that cannot be controlled…the investment is illiquid and there is no secondary market for the LLC units…Do not invest more than you can afford to lose, You could lose 100% of your investment…The building could be sold before we fund the 1st phase…if the subsequent phases fail to fund the purchase of the building may not be possible…circumstances could arise that cannot be anticipated that could affect the future of the Park.

The Offering

LafayetteRaceway.com, LLC (“Company”) is offering securities under Regulation CF, through NetCapital Funding Portal Inc. (“Portal”). Portal is a FINRA/SEC registered funding portal and will receive cash compensation equal to 4.9% of the value of the securities sold through Regulation CF. Investments made under Regulation CF involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest.

The Company plans to raise between $10,000 and $500,000 through an offering under Regulation CF. In the event the Company fails to reach their offering target of $10,000, any investments made under offering will be cancelled and the investment funds will be returned to the investor.

  1. What is the purpose of this offering?

    The purpose of this initial offering of Master Member units is to fund the 1st Phase of the development of LafayetteRaceway.com as identified in the Business Plan. It will essentially fund the execution of the Lease with Purchase Option, the purchase of the Franchises and build out of the Tactical Laser Tag Arena & Escape Rooms and the Concessions & Sports Bar areas. Any additional proceeds will be allocated to the 2nd Phase improvements as outlined in the Business Plan.

  2. How does the issuer intend to use the proceeds of this offering?
    If Target Offering Amount SoldIf Maximum Amount Sold
    Total Proceeds$10,000$500,000
    Less: Offering Expenses$490$24,500
    Net Proceeds$9,510$475,500
    Pre-development expenses$9,510$95,500
    Laser tag franchise and buildout$0$110,000
    Escapology franchise and Escape rooms$0$75,000
    Arcade games$0$60,000
    concessions and build out$0$105,000
    Marketing, design and reserve$0$30,000
    Total Use of Net Proceeds$9,510$475,500
  3. How will the issuer complete the transaction and deliver securities to the investors?
    In entering into an agreement on the Netcapital Funding Portal to purchase securities, both investors and LafayetteRaceway.com, LLC must agree that a transfer agent, which keeps the records of all of our outstanding shares of Master Members stock, will issue digital securities in the investor’s name (a paper stock certificate will not be printed). Similar to other online investment accounts, the transfer agent will give investors access to a web site to see the number of shares that they own in our company. These securities will be issued to investors after the deadline date for investing has passed, as long as the targeted offering amount has been reached. The transfer agent will record the issuance when we have received the purchase proceeds from the escrow agent who is holding your investment commitment.
  4. How can an investor cancel an investment commitment?
    You may cancel an investment commitment for any reason until 48 hours prior to the deadline identified in the offering by logging in to your account with Netcapital, browsing to the Investments screen, and click to cancel your investment commitment. Netcapital will notify investors when the target offering amount has been met. If the issuer reaches the target offering amount prior to the deadline identified in the offering materials, it may close the offering early if it provides notice about the new offering deadline at least five business days prior to such new offering deadline (absent a material change that would require an extension of the offering and reconfirmation of the investment commitment). If an investor does not cancel an investment commitment before the 48-hour period prior to the offering deadline, the funds will be released to the issuer upon closing of the offering and the investor will receive securities in exchange for his or her investment. If an investor does not reconfirm his or her investment commitment after a material change is made to the offering, the investor’s investment commitment will be cancelled and the committed funds will be returned.

Ownership and Capital Structure

The Offering

  1. Describe the terms of the securities being offered.
    We are issuing shares of Master Members stock at an offering price of $100.00 per share.
  2. Do the securities offered have voting rights?
    The shares of Master Members stock are being issued with voting rights. However, so that the crowdfunding community has the opportunity to act together and cast a vote as a group when a voting matter comes before the shareholders, a custodian will cast your vote for you. Please refer to the custodian agreement that you sign before your purchase is complete.
  3. Are there any limitations on any voting or other rights identified above?
    You are giving your voting rights to the custodian, who will vote the shares on behalf of all shareholders who purchased shares on the Netcapital crowdfunding portal.
  4. How may the terms of the securities being offered be modified?
    We may choose to modify the terms of the securities before the offering is completed. However, if the terms are modified, and we deem it to be a material change, we need to contact you and you will be given the opportunity to reconfirm your investment. Your reconfirmation must be completed within five business days of receipt of the notice of a material change, and if you do not reconfirm, your investment will be canceled and your money will be returned to you.

Restrictions on Transfer of the Securities Offered

The securities being offered may not be transferred by any purchaser of such securities during the one-year period beginning when the securities were issued, unless such securities are transferred:

  • to the issuer;
  • to an accredited investor;
  • as part of an offering registered with the U.S. Securities and Exchange Commission; or
  • to a member of the family of the purchaser or the equivalent, to a trust controlled by the purchaser, to a trust created for the benefit of a member of the family of the purchaser or the equivalent, or in connection with the death or divorce of the purchaser or other similar circumstance.
  • The term “accredited investor” means any person who comes within any of the categories set forth in Rule 501(a) of Regulation D, or who the seller reasonably believes comes within any of such categories, at the time of the sale of the securities to that person.
    The term “member of the family of the purchaser or the equivalent” includes a child, stepchild, grandchild, parent, stepparent, grandparent, spouse or spousal equivalent, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law of the purchaser, and includes adoptive relationships. The term “spousal equivalent” means a cohabitant occupying a relationship generally equivalent to that of a spouse.

Description of Issuer’s Securities

  1. What other securities or classes of securities of the issuer are outstanding? Describe the material terms of any other outstanding securities or classes of securities of the issuer.

    Securities

    Class of SecurityAmount AuthorizedAmount OutstandingVoting RightsOther Rights
    Founding Member1,0001,000Yes
    Master Members5,0000Yes

    Master Members unit holders have received the written permission from the Founding Member to assign, convey, sell or transfer a Master Member’s Interest

    Charter Members25,0000Yes

    Options, Warrants and Other Rights

    TypeDescriptionReserved Securities
  2. How may the rights of the securities being offered be materially limited, diluted or qualified by the rights of any other class of security identified above?

    There are no additional Rights, Warrants or Options other than the additional Phases 2-6 of Charter Member units anticipated in the Business Plan and Operating Agreement.

  3. Are there any differences not reflected above between the securities being offered and each other class of security of the issuer?

    The Founding Members have voting rights. The securities we are selling in this offering do not have voting rights.

  4. How could the exercise of rights held by the principal shareholders identified in Question 6 above affect the purchasers of the securities being offered?
    As the holder of a majority of the voting rights in the company, our majority shareholder may make decisions with which you disagree, or that negatively affect the value of your investment in the company, and you will have no recourse to change those decisions. Your interests may conflict with the interests of other investors, and there is no guarantee that the company will develop in a way that is advantageous to you. For example, the majority shareholder may decide to issue additional shares to new investors, sell convertible debt instruments with beneficial conversion features, or make decisions that affect the tax treatment of the company in ways that may be unfavorable to you. Based on the risks described above, you may lose all or part of your investment in the securities that you purchase, and you may never see positive returns.

    The Master & Charter Members will not have a say in the management of the Park. The Founding Member has sole responsibility for the management of the Company. There is no guarantee the Founding Member will be successful in the management of the Park.

  5. How are the securities being offered being valued? Include examples of methods for how such securities may be valued by the issuer in the future, including during subsequent corporate actions.

    The Company valuation will be the amount of this offering.

  6. What are the risks to purchasers of the securities relating to minority ownership in the issuer?

    The Master & Charter Members will not have a say in the management of the Park. The Founding Member has sole responsibility for the management of the Company. There is no guarantee the Founding Member will be successful in the management of the Park.

  7. What are the risks to purchasers associated with corporate actions including:
    • additional issuances of securities,
    • issuer repurchases of securities,
    • a sale of the issuer or of assets of the issuer or
    • transactions with related parties?

    Although the Manager currently has no intention of issuing additional securities or repurchasing securities, or entering into transactions with related parties, other then those identified in the Business Plan, there is no guarantee that they will not. This offering is Phase 1 of the Business Plan. There are 6 phases in total that we plan to complete. As noted in the Business Plan, we anticipate that we will issue additional securities in Phases 2 through 6.

    The Master and Charter Members are anticipated to receive benefits on the sale of the issuer or its assets as described in the Business Plan and the Operating Agreement.

  8. Describe the material terms of any indebtedness of the issuer:
    Creditor(s)
    Snyder Entertainment Group, LLC
    Amount Outstanding
    $26,627
    Interest Rate
    0.0%
    Maturity Date
     
    Other Material Terms

    LafayetteRaceway.com has agreed to reimburse the Founding Member, Snyder Entertainment Group, LLC for all predevelopment expenses incurred with the building of LafayetteRaceway.com. There is no set maturity date for the debt owed to its Founding Member.

  9. What other exempt offerings has LafayetteRaceway.com, LLC conducted within the past three years?
    None.
  10. Was or is the issuer or any entities controlled by or under common control with the issuer a party to any transaction since the beginning of the issuer’s last fiscal year, or any currently proposed transaction, where the amount involved exceeds five percent of the aggregate amount of capital raised by the issuer in reliance on Section 4(a)(6) of the Securities Act during the preceding 12- month period, including the amount the issuer seeks to raise in the current offering, in which any of the following persons had or is to have a direct or indirect material interest:
    1. any director or officer of the issuer;
    2. any person who is, as of the most recent practicable date, the beneficial owner of 20 percent or more of the issuer’s outstanding voting equity securities, calculated on the basis of voting power;
    3. if the issuer was incorporated or organized within the past three years, any promoter of the issuer; or
    4. any immediate family member of any of the foregoing persons.
    No.

Financial Condition of the Issuer

  1. Does the issuer have an operating history?
    No.
  2. Describe the financial condition of the issuer, including, to the extent material, liquidity, capital resources and historical results of operations.

    LafayetteRaceway.com has no operating history, it was formed by the Founding Member, Snyder Entertainment Group, LLC, to own & operate “Your Family Fun Park”. The proceeds from this Crowd Funding Campaign will fund the 1st phase of the development and subsequent phases as outlined in the Business Plan section of this profile.

Financial Information

  1. Include the financial information specified by regulation, covering the two most recently completed fiscal years or the period(s) since inception if shorter.
    See attachments:
    Income Statement
    IncomeStatement.pdf
    Balance Sheet
    BalanceSheet.pdf
    Cash Flow Statement
    CashFlowStatement.pdf
    Change in Equity Statement
    ChangeinEquityStatement.pdf
    CPA Review Report
    CPAReviewReport.pdf
  2. With respect to the issuer, any predecessor of the issuer, any affiliated issuer, any director, officer, general partner or managing member of the issuer, any beneficial owner of 20 percent or more of the issuer’s outstanding voting equity securities, calculated in the same form as described in Question 6 of this Question and Answer format, any promoter connected with the issuer in any capacity at the time of such sale, any person that has been or will be paid (directly or indirectly) remuneration for solicitation of purchasers in connection with such sale of securities, or any general partner, director, officer or managing member of any such solicitor, prior to May 16, 2016:
    1. Has any such person been convicted, within 10 years (or five years, in the case of issuers, their predecessors and affiliated issuers) before the filing of this offering statement, of any felony or misdemeanor:
      1. in connection with the purchase or sale of any security?
      2. involving the making of any false filing with the Commission?
      3. arising out of the conduct of the business of an underwriter, broker, dealer, municipal securities dealer, investment adviser, funding portal or paid solicitor of purchasers of securities?
    2. Is any such person subject to any order, judgment or decree of any court of competent jurisdiction, entered within five years before the filing of the information required by Section 4A(b) of the Securities Act that, at the time of filing of this offering statement, restrains or enjoins such person from engaging or continuing to engage in any conduct or practice:
      1. in connection with the purchase or sale of any security?;
      2. involving the making of any false filing with the Commission?
      3. arising out of the conduct of the business of an underwriter, broker, dealer, municipal securities dealer, investment adviser, funding portal or paid solicitor of purchasers of securities?
    3. Is any such person subject to a final order of a state securities commission (or an agency or officer of a state performing like functions); a state authority that supervises or examines banks, savings associations or credit unions; a state insurance commission (or an agency or officer of a state performing like functions); an appropriate federal banking agency; the U.S. Commodity Futures Trading Commission; or the National Credit Union Administration that:
      1. at the time of the filing of this offering statement bars the person from:
        1. association with an entity regulated by such commission, authority, agency or officer?
        2. engaging in the business of securities, insurance or banking?
        3. engaging in savings association or credit union activities?
      2. constitutes a final order based on a violation of any law or regulation that prohibits fraudulent, manipulative or deceptive conduct and for which the order was entered within the 10-year period ending on the date of the filing of this offering statement?
    4. Is any such person subject to an order of the Commission entered pursuant to Section 15(b) or 15B(c) of the Exchange Act or Section 203(e) or (f) of the Investment Advisers Act of 1940 that, at the time of the filing of this offering statement:
      1. suspends or revokes such person’s registration as a broker, dealer, municipal securities dealer, investment adviser or funding portal?
      2. places limitations on the activities, functions or operations of such person?
      3. bars such person from being associated with any entity or from participating in the offering of any penny stock?

      If Yes to any of the above, explain:

    5. Is any such person subject to any order of the Commission entered within five years before the filing of this offering statement that, at the time of the filing of this offering statement, orders the person to cease and desist from committing or causing a violation or future violation of:
      1. any scienter-based anti-fraud provision of the federal securities laws, including without limitation Section 17(a)(1) of the Securities Act, Section 10(b) of the Exchange Act, Section 15(c)(1) of the Exchange Act and Section 206(1) of the Investment Advisers Act of 1940 or any other rule or regulation thereunder?
      2. Section 5 of the Securities Act?
    6. Is any such person suspended or expelled from membership in, or suspended or barred from association with a member of, a registered national securities exchange or a registered national or affiliated securities association for any act or omission to act constituting conduct inconsistent with just and equitable principles of trade?
    7. Has any such person filed (as a registrant or issuer), or was any such person or was any such person named as an underwriter in, any registration statement or Regulation A offering statement filed with the Commission that, within five years before the filing of this offering statement, was the subject of a refusal order, stop order, or order suspending the Regulation A exemption, or is any such person, at the time of such filing, the subject of an investigation or proceeding to determine whether a stop order or suspension order should be issued?
    8. Is any such person subject to a United States Postal Service false representation order entered within five years before the filing of the information required by Section 4A(b) of the Securities Act, or is any such person, at the time of filing of this offering statement, subject to a temporary restraining order or preliminary injunction with respect to conduct alleged by the United States Postal Service to constitute a scheme or device for obtaining money or property through the mail by means of false representations?
    LafayetteRaceway.com, LLC answers 'NO' to all of the above questions.

Other Material Information

  1. In addition to the information expressly required to be included in this Form, include: any other material information presented to investors; and such further material information, if any, as may be necessary to make the required statements, in the light of the circumstances under which they are made, not misleading.

    Video Transcript: The video begins with a description of the acquisition of the parks signature piece, the Hour Time Clock: Snyder Entertainment Group, LLC presents Help us build “your family fun park” lafayetteraceway.com crowdfunding campaign kicks off January, 2017 The iconic “hour time” clock Hour time - is fun time Farewell to the hour time clok J&C Video Aug. 2, 2016 “Well I can’t say who bought it but it’s going to be used locally and it’s going to be held on the property for a while until it goes to its final resting place.” Hour time owner Roy Meeks installed the clock in 1979. The clock came from a train station in Rochedale, England. The clock features four 12-foot faces and weights seven tons. It’s been a Lafayette landmark at I-65 and south street ever since. “What I know about the clock is that the clock was bought at an auction. It actually sold very fast. After the auction, Ripley’s Believe-it-or-not offered to buy the clock from Mr. Meeks but he wanted it and so he keept it and when the Hour Time was built he positioned it on top of the restaurant and the rest is history.” The Best Western and Hour Time closed this Spring. Demolition will start soon for a Doubletree by Hilton. The clock sold for $7,500 at a July 16 auction. The new owner hasn’t been identified. By Dave Bangert Journal & Courier Aug. 2, 2016

    The video continues by featuring each of the attractions the park plans to offer: Escapology “Time is of the essence” 1st phase attractions - Tactical laser tag, escape rooms, arcade & sports bar

    CGI renderings of the planned laser tag course are shown Live-action laser tag is shown. Team combat Live

    The building of lafayetteraceway.com

    The following documents are being submitted as part of this offering:

    Governance
     
    Articles of Organization
    ArticlesofOrganization.pdf
    Certificate of Formation
    CertificateofFormation.pdf
    Operating Agreement
    OperatingAgreement.pdf
    Opportunity
     
    Offering Page
    OfferingPage.png
    Pitch Deck
    PitchDeck.pdf

Ongoing Reporting

  1. The issuer will file a report electronically with the Securities & Exchange Commission annually and post the report on its web site, no later than 120 days after the end of each fiscal year covered by the report:

    Once posted, the annual report may be found on the issuer’s web site at: www.LafayetteRaceway.com

    The issuer must continue to comply with the ongoing reporting requirements until:

    • the issuer is required to file reports under Section 13(a) or Section 15(d) of the Exchange Act;
    • the issuer has filed at least one annual report pursuant to Regulation Crowdfunding and has fewer than 300 holders of record and has total assets that do not exceed $10,000,000;
    • the issuer has filed at least three annual reports pursuant to Regulation Crowdfunding;
    • the issuer or another party repurchases all of the securities issued in reliance on Section 4(a)(6) of the Securities Act, including any payment in full of debt securities or any complete redemption of redeemable securities; or
    • the issuer liquidates or dissolves its business in accordance with state law.