Exhibit 10.1

                              MANAGEMENT AGREEMENT



         This Management Agreement ("Agreement",  effective as of March 7, 2008,
("Effective Date") is entered into by and between Aspen Racing Stables,  Inc., a
Nevada corporation (herein referred to as the "Aspen") and Thoroughbreds,  Inc.,
a Nevada corporation (herein referred to as the "Manager").

RECITALS

         WHEREAS,  Aspen wishes to engage Manager to provide certain services to
further the objectives and purposes of Aspen, and

         WHEREAS,  Manager is willing  and  capable of  providing  the  services
desired by Aspen.

         NOW  THEREFORE,  in  consideration  of  the  promises  and  the  mutual
covenants and agreements  hereinafter set forth, the parties hereto covenant and
agree as follows:

     1.   Term of Agreement.  Aspen hereby agrees to retain  Manager to act in a
          management  capacity to Aspen,  and Manager  hereby  agrees to provide
          services to Aspen  commencing  immediately  and ending  eighteen  (18)
          months after the date herein.

     2.   Duties of Manager.  Manager agrees that it will generally  provide the
          following  services,  which  shall  include  but not be limited to the
          services listed below, during the term specified in Section 1, above.

          a.   Purchase  at the OBS March  2008  Select  horse  sale  auction an
               undetermined  number of two year old thoroughbred race horses for
               an amount not to exceed $130,000.

          b.   Train and provide all the upkeep of the horses in  preparation to
               race at various race tracks.

          c.   Manage  the  racing  careers  of the  horses  and  make  all  the
               pertinent decisions.


     3.   Compensation.  For undertaking this engagement, and for other good and
          valuable  consideration,  Aspen agrees that Manager is to retain fifty
          percent  (50%) of all net  revenues it receives  from the horse racing
          operations.

     4.   Expenses.  Manager  agrees  to pay  all of the  expenses  incurred  in
          conjunction of the horse racing operation.

     5.   Status as Independent  Contractor.  Manager's  engagement  pursuant to
          this  Agreement  shall  be as  independent  contractor,  and not as an
          employee,  officer  or other  agent of  Aspen.  Neither  party to this
          Agreement  shall  represent  or hold itself out to be the  employer or
          employee of the other.  Neither  Aspen nor the Manager  possesses  the
          authority  to bind each other in any  agreements  without  the express
          written consent of the entity to be bound.

     6.   Attorney's  Fee.  If any  legal  action  or any  arbitration  or other
          proceeding is brought for the  enforcement or  interpretation  of this
          Agreement,  or  because  of an  alleged  dispute,  breach,  default or
          misrepresentation in connection with or related to this Agreement, the
          successful or prevailing party shall be entitled to recover reasonable
          attorney's  fees and other  costs in  connection  with that  action or
          proceeding, in addition to any other relief to which it or they may be
          entitled.

     7.   Waiver.  The waiver by either  party of a breach of any  provision  of
          this Agreement by the other party shall not operate or be construed as
          a waiver of any subsequent breach by such other party.

     8.   Notices. All notices,  requests,  and other  communications  hereunder
          shall  be  deemed  to be duly  given  if sent  by U.S.  mail,  postage
          prepaid,  addressed to the other party at the address  provided to the
          other party.




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     9.   Amendment.  No provision of this  Agreement may be amended,  modified,
          waived or discharged  unless such amendment,  waiver,  modification or
          discharge  is agreed to in writing duly signed by the  signatories  to
          this  Agreement.  No waiver by either  party hereto at any time of any
          breach by the other party hereto of, or compliance with, any condition
          or  provision  of this  Agreement  to be performed by such other party
          shall be  deemed a waiver  of  similar  or  dissimilar  provisions  or
          conditions at the same or at any prior or subsequent time.

     10.  Entire  Agreement.  This Agreement  constitutes  the entire  agreement
          between the parties,  pertaining  to the subject  matter  hereof,  and
          supersedes all prior or  contemporaneous  written or verbal agreements
          and understandings in connection with the subject matter hereof.

     11.  Governing Law. This Agreement and the rights and obligations hereunder
          shall be governed by the laws of the State of Texas without  regard to
          its   conflicts   principles   and  the  parties  to  this   Agreement
          specifically consent to the jurisdiction of the courts of the State of
          Texas over any action arising out of or related to this Agreement.

     12.  Severability. If any provision of this Agreement is held by a court of
          competent  jurisdiction  to be  invalid,  void or  unenforceable,  the
          remaining provisions shall,  nevertheless,  continue in full force and
          effect without being impaired or invalidated in any way.

     13.  Survival.  All covenants,  agreements,  representations and warranties
          made herein or otherwise made in writing by any party pursuant  hereto
          shall survive the termination of this Agreement.

     14.  Counterparts.  This Agreement may be executed by the parties in one or
          more counterparts, each of which when so executed shall be an original
          and  all  such   counterparts   shall  constitute  one  and  the  same
          instrument.  Confirmation of execution by electronic transmission of a
          facsimile   signature   page  shall  be  binding  upon  any  party  so
          confirming.

          IN WITNESS WHEREOF, the parties have executed this Agreement as of the
          day and year first above written.

                 Client:
                 Aspen Racing Stables, Inc.


                 By: /s/ Trixy Sasnyiuk-Walt
                 ---------------------------
                 Name: Trixy Sasyniuk-Walt
                 Title: President

                 Manager:
                 Thoroughbreds, Inc.


                 By: /s/ Pam J. Halter
                 ---------------------
                 Name: Pam J. Halter
                 Title: President