BREEDING & RESULTING FOAL

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- Stallions currently on lease must be accompanied by a statement confirming that the original stallion owner will honor the EBC breeding and terms of the service contract in the event that the lease changes hands or comes to an end. - Stallion owners are responsible for assuring the require bid is placed to advance the breeding to the Live Auction. - If owner elects to donate a Bonus Breeding and it does not sell, the owner will not be liable to purchase the Bonus Breeding and will not be eligible to nominate a foal for the Bonus breeding. BIDDING & AUCTION All bidders are required to register and sign a Bidder Contract to receive a bidder number. Starting bids will be 1/2 the stud fee or $1,000.00, whichever is greater and advanced in $100.00 increments. All successful bidders are required to sign a Purchase Agreement and agree to authorize payment to their credit card for a minimum of 1/3 of the final purchase price at the close of bids, 1/3 on August 1 and the final 1/3 on November 1. If payment is to be made by check, it must be received by due date or the credit card on record will be charged. All past due balances are subject to a 1.5 accrued interest rate. Breedings must be paid for in full by December 1 or breeding rights and all monies paid will be forfeited. Membership rights may additionally be suspended. Silent Auction - Will be begin on Tuesday of the Event and close at the start of the first EBC class. Live Auction - All breedings receiving a minimum starting bid amount by the close of the silent auction will advance to the Live Auction. After Auction - All breedings not sold at the Live Auction will be available for silent bidding Saturday until 7:00 pm and available on the TPS website (at owner/lessee request) until November 15. Registered bidders only are eligible to participate in the Silent and Live Auction. All bids are for the stud fee only. Additional fees related to the booking, transported semen, collection, handling fees, etc. are the responsibility of the mare owner. Bonus Breedings Stallion owners may donate up to two breedings to their stallion. The Bonus Breeding will be announced after the first breeding has sold. The winning bidder will have the first right of refusal at the sale price of the first breeding. If they decline, the runner-up bidder will have the second right of refusal at the sale price of the first breeding, If they decline, it will be opened up for additional bids starting at first breeding sale price. If the first or second breeding does not sell then the owner/lessee will only be responsible for the first breeding. BREEDING & RESULTING FOAL Owners of mares must maintain Premium or Life Membership to participate in the EBC Program. Broodmares must be purebred Arabians. The EBC Breeding must be achieved within two years of the auction year or the eligibility expires. Future non-eligible breeding rights are defined within the stallion owner's Breeding Contract. Foals resulting from EBC breedings to Straight Egyptian mares must be nominated into The Pyramid Society "Futurity Program" and designated as "EBC" by December 31st, of the mare's breeding year and sustained the following year to retain eligibility. Non-Straight mares are required to pay a mare nomination fee of $250 of the mare's breeding year. Embryo/Oocyte transfer is allowed but requires ET Transfer Permit to be submitted by December 31st with Futurity Nomination and Foaling Declaration Form must be submitted within 7 days of foaling. (See Futurity guidelines for complete details.) 2016 Egyptian Breeders Challenge Auction

BREEDING TRANSFER POLICY An EBC Breeding or nominated foal ownership may be transferred upon written request to The Pyramid Society and submittal of Transfer Form signed by both parties for The Pyramid Society signed approval. The buyer is required to have Premium or Life Membership to retain EBC breeding/foal eligibility. If the breeding is not paid in full, the balance due must be remitted with the Transfer Form. GENERAL CONDITIONS Should the EBC breeding not be achievable due to the stallion s incapacitation, injury, death, sale, lease, fertility issues, breach of contract or exportation, and the stallion owner is unable to satisfy the breeding obligation, the purchaser may request a credit, for the purchase price only, toward a future EBC auction breeding. Credit requests must be submitted to The Pyramid Society in writing with pertinent documentation for written approval and may result in forfeiture of the stallion owner's EBC breeding/foal eligibility. Stallion owner breeding rights which have been sold/transferred to a new owner are not eligible for credit requests, as no funds have been contributed to The Pyramid Society for this particular breeding. Both the stallion and mare owner are responsible for honoring the agreement as outlined in the Breeding Contract, Enrollment Forms and EBC Guidelines. The terms contained within The Stallion Nomination Form, Bidder Contract and Purchase Agreement are binding agreements to The Pyramid Society EBC Program. Any breach of the EBC Program that is not satisfactory resolved by the EBC Committee may be submitted to The Pyramid Society Executive Committee for resolution within 30 days of submittal date. 2016 Egyptian Breeders Challenge Auction

STALLION: SIRE: 2016 Egyptian Event EGYPTIAN BREEDERS CHALLENGE Straight Egyptian Stallion Breeding Auction ENROLLMENT FORMS DAM: AHR#: DOB: STUD FEE: SCID: Clear / Positive / Not Tested CA: Clear / Positive / Not Tested LF: Clear / Positive / Not Tested BREEDING SEASON: From (MM/YY): To (MM/YY): AVAILABLE FOR: Live Coverage / Shipped Cooled Semen / Frozen WEBSITE featuring this stallion: OWNER: PHONE: ADDRESS: CITY/STATE/ZIP: EMAIL: COUNTRY: LESSEE: PHONE: ADDRESS: CITY/STATE/ZIP: LEASE TERM: EMAIL: COUNTRY: STANDING AT: CONTACT: PHONE: MOBILE PHONE DURING EGYPTIAN EVENT: CITY/STATE: TITLE: EMAIL: The following information must be submitted to complete enrollment: Current Breeding Contract Owner Agreement - if stallion is being leased Photo - high resolution digital file (300 dpi in.jpg) email to info@pyramidsociety.org ( provided OR use previous year s) Promotional Script - 100 word maximum. email to: info@pyramidsociety.org ( provided OR use previous year s) Copy of AHA Registration ( provided OR use previous year s) Agree to provide CURRENT SEMEN EVALUATION by May 2nd Optional Promotional Video - by May 2nd- must be maximum of 2 minutes in windows media file (.wmv) format Advance Bid Authorization Form I acknowledge that I have read and hereby agree to abide by the EBC Program Guidelines. BONUS BREEDING: I wish to donate a 2nd breeding if the first breeding sells, and I understand I will not be required to purchase the second breeding if it does not sell. PRINT OWNER /LESSEE (NAME): SIGNATURE: DATE: COMPLETE PAGE # 2

2016 Egyptian Event Egyptian Breeders Challenge SEMEN ANALYSIS REPORT STALLION NAME: Date of Birth: AHA Reg #: Owner: Standing Farm/Clinic: GENETIC TESTING CA LF SCID Tested Negative (Clear) Tested Positive Was Not Tested AVERAGE CELL ANALYSIS: Collection 1 Collection 2 Analysis Date: @ 24 hrs @ 48 hrs @ 24 hrs @ 48 hrs Analysis Time: X X X X Analysis Type: X X X X Sperm Total (billion): X X X X Volume gel free (ml) X X X X Sperm Concentration/ml: X X X X % motile sperm % progressively motile sperm Extender When was this stallion last collected prior to this semen analysis test? This stallion is available and suitable for use in a: Veterinarian's Name: Clinic: Address: live service breeding program cooled semen breeding program frozen semen breeding program Phone: Fax: Email: Veterinarian s Signature: Date: The Pyramid Society 4067 Iron Works Pkwy, Ste 2, Lexington, Kentucky 40511 USA Ph: (859) 231-0771, Fax: (859) 255-4810, info@pyramidsociety.org, www.pyramidsociety.org