LOUISIANA THOROUGHBRED BREEDERS ASSOCIATION

P.O. Box 24650
New Orleans, LA 70184
(504) 947-4676

PAY SALES PROCEEDS TO:

(your sales proceeds will not be paid until this section is complete & W9 Form on file with BSOL)

• $400 entry fee per yearling $250 per horse for mixed sale and Jockey Club Registration Certificate must accompany this form or be assigned to BSOL.
• Entry fee is earned upon receipt of contract and is non-refundable.
• This contract will not be accepted without (1) Jockey Club Certificate of Registration assigned to Louisiana Thoroughbred Breeders Association DBA Breeders Sales of Louisiana, (2) Stallion Service Certificate (for broodmares), (3) entry fee, and (4) the signature of the consignor or his authorized agent on the last page.
• All required documents must be on file in the sales office prior to the sale.
• Repository x-rays and veterinary reports must be on file prior to sale day.
• Any horse consigned that is unsound in eyes, wind, or is cribber, must be so noted on this contract.

ALL INFORMATION REQUESTED MUST BE PROVIDED — INCOMPLETE CONTRACTS WILL BE RETURNED TO THE CONSIGNOR.

FIRST-APPLICABLE LAW: All horses in this sale are offered according to the laws of the State of Louisiana. Any horse offered in this sale is sold with all defects except as warranted under Condition Seventh below. The right to bid, as provided under law, is reserved for all consignors unless otherwise announced.

SECOND-BIDDING PROCEDURE: Unless waived by announcement, there shall be an upset price of $1,500 for any yearling entering the sales ring or $1,000 on all other horses entering the sales ring. If an opening bid of the upset price is not immediately forthcoming to the auctioneer's call, the animal shall be passed out as unsold. The highest bidder shall be the buyer. Successful bidder shall forthwith sign the Acknowledgement of Purchase: should Acknowledgement of Purchase not be presented to him for signature prior to commencement of bidding on the next lot offered, he shall forthwith identify himself to auctioneer as purchaser, and sign Acknowledgement of Purchase when presented. Right of successful bidder is not impaired in case of signing of Acknowledgement of Purchase by another provided that such bidder acts in accordance with this Condition of Sale and CONDITION OF SALE THIRD below.

THIRD-BIDDING DISPUTES: Should any dispute arise between or among two or more bidders, the auctioneer shall forthwith adjudicate the dispute and his decision shall be absolute, final and binding on all parties. Bids received after fall of hammer are not grounds for dispute. Bids acknowledged by bid spotters employed by the undersigned are recognized as tendered to auctioneer, but in case of dispute, the bidding on the horse shall be forthwith reopened for advance bids and if there be no advance, the horse is sold to the person from whom the auctioneer recognized the last bid. In case of any dispute, advance bidding shall be restricted to the contending parties, but should the recognized bid be reduced below the bid at commencement of dispute, then the bidding is reopened to all bidders regardless of whether or not final bid exceeds bid which was disputed. The auctioneer reserves the right to reject any or all bids.

FORTH-TITLE RISK AND DELIVERY: For all horses, risk of loss shall pass at close of the digital auction by placement of the final bid on the digital platform, at which time all risk pertaining to the horse passes to Buyer. The horse will be held for Buyer by Consignor until Buyer makes settlement, and Auctioneer shall have no responsibility whatsoever with respect to the horse. Buyer shall immediately present himself to make settlement upon close of the digital auction for the horse. Upon settlement by Buyer, the horse will be delivered by issuance of a "stable release" to Buyer or Buyer's designee authorizing removal of the horse from the grounds where it was located for the sale but in any case, taking possession of the horse by Buyer or Buyer's representative shall constitute delivery and acceptance. If applicable, Buyer is responsible for the cost of the horse being shipped by a licensed interstate common carrier. Buyer shall cause the horse to be removed from the grounds where it was located within five (5) calendar days of the day of sale, at which time Buyer shall be deemed to have taken possession of the horse. Consignor or Seller shall undertake customary and reasonable care taking possession of the horse by Buyer or Buyer's representative shall constitute delivery and acceptance. Consignor or Seller shall undertake customary and reasonable care and upkeep for the horse at its cost unless previously agreed upon by both parties. Should Buyer fail to cause the horse to be removed within five (5) calendar days of the day of sale, Buyer may be assessed the costs of customary and reasonable care and upkeep by Consignor or Seller until the horse is removed or Auctioneer may allow the horse to be removed from the grounds where it was located for the sale and then stabled at Buyer's risk and expense. For foals sold at the mare's side in this sale, title and risk of loss shall pass as set forth in this Condition. The breeder of record shall continue to be identified as the owner of the horse at the time of foaling unless previously agreed upon by both parties. In all cases, Consignor and Buyer indemnify and hold Auctioneer harmless from any and all claims, actions, liabilities or damages arising out of or related to title, possession, risk or responsibility to or of a horse before or after close of the digital auction for the horse.

FIFTH-TERMS FOR SETTLE SETTLEMENT: MAKE SETTLEMENT WITH CASHIER OF THE UNDERSIGNED. PAYMENTS TO OTHERS, INCLUDING CONSIGNORS OR THEIR REPRESENTATIVES, ARE NOT RECOGNIZED AS SETTLEMENT. Purchasers shall make settlement within thirty minutes of conclusion of sales session in which the horse is sold for the full purchase price, such settlement to be in the form of U.S. currency or approved bank check, certified check or traveler's check: unless credit shall have been approved in advance and/or by officers of the undersigned. Bidders are cautioned that approval of credit for prior sale does not establish credit for purchase at this sale. To avoid any misunderstanding. they must re-establish credit prior to bidding. Purchasers to whom credit is extended shall pay in full for their purchases within fifteen days of sale, failing which undersigned may, at its sole and absolute discretion, declare purchaser in default. Any lots not paid for in full fifteen days after sale and not declared as default by undersigned shall be subject to a FINANCE CHARGE of one percent per month from date of sale on all amounts owing at fifteen days until such lot or lots have been paid in full.

SIXTH-DEFAULTERS: Purchasers who fail in any respect whatsoever to pay for horses as provided for at CONDITION OF SALE FIFTH above shall be declared in default. Any horse purchased by a defaulter may be resold by the undersigned at public auction or private sale without notice for purchasers account, cost of such resale to be borne by defaulter. Should such resale fail to satisfy the defaulter's account in full, defaulter shall pay forthwith to undersigned the amount owing, failing which the undersigned may bring suit against defaulter: should the undersigned prevail, defaulter shall pay all reasonable attorney's fees and costs of such litigation.

SEVENTH WARRANTIES-SOUNDNESS: Unless otherwise announced at time of sale, there is no guarantee of any kind as to the soundness or condition or other quality of any horse sold in this sale except that horses which are unsound in eyes or wind, or are cribbers must be announced. In case of horses of less than racing age, there is no guarantee as to soundness of wind. In addition, a horse sold as a horse of racing age which is nerved, is a bleeder, or is currently on the Starter's, Stewards. or Veterinarian's list in the State of Louisiana must be announced at the time of sale. Any animal sold in this sale which is described at time of sale as colt, and does not at such time have two testes descending to scrotum: or is described at time of sale as a gelding and is at such time a colt or ridgeling: shall be subject to return to consignor as provided for at CONDITION EIGHTH below except that warranty with respect to descended testes does not apply to any horse sold prior to July 1 of his yearling year.

EIGHTH - RIGHT OF RETURN: Any horse sold in this sale whose condition must be announced as provided for at CONDITION SEVENTH above, and is not so announced shall be subject to return to consignor as refund of purchase price and reimbursement for all legitimate expenses incurred on behalf of the horse from fall of the hammer, provided that immediately on learning of such defect, buyer shall forthwith notify the undersigned in writing with veterinary certificates as to defect attached, such notification to be given within seven days of sale. All warranties of whatever sort shall terminate seven days from date of sale.

NINTH-CATALOG AND ANNOUNCEMENTS: The auctioneer and LOUISIANA THOROUGHBRED BREEDERS ASSOCIATION DBA BREEDERS SALES OF LOUISIANA, are not responsible for any statements made in this catalog or from the auction stand concerning horses listed herein for sale, nor for any warranties expressed or implied on their behalf. Horses listed in this category are sold with their engagements, pregnancy status, and/or produce record as listed herein or announced from the auction stand at time of sale, such information being as represented by consignor, to whom only shall purchaser look for redress in case of error or omission. The undersigned will endeavor to have all catalog information correctly stated: but the consignor is responsible for correction of any errors or omissions.

TO: Louisiana Thoroughbred Breeders Association DBA Breeders Sales of Louisiana P.O. Box 24650 New Orleans, Louisiana 70184

1. Please enter and catalog in the Sale listed on the face side of this contract the horses listed on the preceding pages.

2. I hereby warrant title to each animal herein entered by me, and agree to defend said title against all adverse claims. I appoint Louisiana Thoroughbred Breeders Association DBA Breeders Sales of Louisiana as my agent in the named Sale at public auction of the named animals with full authority to transfer thereto and to receive the proceeds of such Sale for my account. I covenant and agree to indemnify and hold harmless Louisiana Thoroughbred Breeders Association DBA Breeders Sales of Louisiana from any and all costs, liabilities and sundry expenses (including attorney's fees) incurred because of or arising out of any question of title to any or all of the named animals, or any disputes concerning identity or engagements of any or all of the named animals, any attachments, or claims against the net proceeds from the Sale thereof. I hereby represent and aver under penalty of perjury that no horse herein entered by me is subject to any lien of any nature whatsoever and I make such representation and averment with fall knowledge that the auctioneer has relied on such representation and averment in accepting for Sale the horses herein consigned by me. I agree also that I am the sole and absolute guarantor of the correct identity of any and all horses sold by me in this Sale, and that all title to, interest in and possession of the named animals shall remain with me until title passes to the buyer or buyers at time of Sale.

3. I agree to be bound by the Conditions of Sale printed on this contract which I have read and further agree to hold Louisiana Thoroughbred Breeders Association DBA Breeders Sales of Louisiana harmless of any damage to me in the event that unusual or unforeseen circumstances result in the change of location, change of time or date, cancellation, or similar modification of named Sale.

4. I agree to pay Louisiana Thoroughbred Breeders Association DBA Breeders Sales of Louisiana an entry fee as follows: $400.00 for each yearling or $250.00 mixed sale horse entered in the sale by me. The entry fee for each horse shall accompany this contratt or the entry may be voided by the Louisiana Thoroughbred Breeders Association DBA Breeders Sales of Louisiana. In each and every case, the entry fee is earned at the time of receipt and is non-refundable. I further agree that Louisiana Thoroughbred Breeders Association DBA Breeders Sales of Louisiana shall deduct from my account and retain a sales commission on each horse as follows: (1) 5% of the final bid, or a minimum of $400.00 for yearlings, or $100.00 for mixed sale horses, whichever is greater. I further agree that this commission shall be considered eamed at the fall of the hammer and is payable even in the event the animal is returned to me as unsold pursuant to the conditions of the sale.

8. I hereby state and affirm that to the best of my knowledge and belief, no animal entered by me is afflicted with locomotor ataxia ("wobbles") nor has any bone fracture, chip, or fissure affecting its racing soundness. I agree that should such defects which has not been announced become known to the purchaser and reported in writing to Louisiana Thoroughbred Breeders Association DBA Breeders Sales of Louisiana within 7 days of date of sale, such bone fracture, chip or fissure be in the opinion of experts in the field of radiology to have originated prior to date of sale, such horse may be returned to me as unsold upon tender of return of entry fee and tender of return of horse to place where sold.

5. I hereby authorize Louisiana Thoroughbred Breeders Association DBA Breeders Sales of Louisiana to extend credit to any purchaser of any horse herein entered by me, except that I reserve the right to revoke this authorization within thirty minutes of sale of such animal. I further agree that in the event the purchaser of any animal sold by me in the named Sale shall give notice of refusal to pay for such animal because of elaim of misrepresentation or defect of such animal, Louisiana Thoroughbred Breeders Association DBA Breeders Sales of Louisiana may withhold payment of net proceeds of sale of such animal until settlement by it of such claim. I agree that payment to me of net proceeds of sale of any horse or horses sold by me in this Sale be made by Louisiana Thoroughbred Breeders Association DBA Breeders Sales of Louisiana no less than thirty days from date of Sale, to allow for expiration of warranties before settlement. I agree that in the event the successful bidder for any hotse or horses entered by me in the named Sale fails to present himself to arrange for settlement as provided for at Conditions Fourth of the Conditions of Sale, or should such bidder on presenting himself be determined to be financially irresponsible by Louisiana Thoroughbred Breeders Association DBA Breeders Sales of Louisiana, such horse or horses may be immediately put up for resale for my account and Louisiana Thoroughbred Breeders Association DBA Breeders Sales of Louisiana shall not be liable for any deficit should the final bid on resale be less than that of the initial Sale. I further agree that should conditions make immediate resale as herein provided impossible, the horse or horses may be returned to me as unsold on tender of return of entry fee and waiver of sales commission by Louisiana Thoroughbred Breeders Association DBA Breeders Sales of Louisiana.

9. I agree to deliver to Louisiana Thoroughbred Breeders Association DBA Breeders Sales of Louisiana, for each animal entered by me, a certificate from an approved laboratory based upon the most recent Coggins Test for Equine Infectious Anemia (EIA) administered to such animal (which test shall have been perfonned and completed within six months of date of sale) indicating a negative result of such test.

10. I agree to deliver to Louisiana Thoroughbred Breeders Association DBA Breeders Sales of Louisiana for each in foal broodmare entered by me, a Stallion Service Certificate signed by the stallion owner or his authorized agent.

11. I represent that I have read the foregoing terms and conditions of Sale and have signed this contract with full and complete understanding thereof.

12. The Custodian of The Jockey Club Registration Certificates is hereby authorized to deliver the Registration Certificates of any horse entered in this sale to Louisiana Thoroughbred Breeders Association DBA Breeders Sales of Louisiana P.O. Box 24650, New Orleans. LA 70184