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The 2018 Egyptian Breeders Challenge Stallion Service Auction Invitation For more than 20 years, The Egyptian Breeders Challenge (EBC) has been the premier breeder incentive program for Egyptian Arabian Stallions, with resulting foals competing for large payouts and international acclaim. We are pleased to extend this personal invitation for your stallion s participation in the 2018 EBC Auction, placing him among this elite group of sought-after Straight Egyptian sires. PRESTIGE PROMOTION PRIZE MONEY WHAT PEOPLE ARE SAYING: I love this program! It provides excellent exposure for our stallion and gives us the opportunity to participate in showing his foals in the prestigious EBC classes. I LOVE the EBC! We find the EBC and Futurity programs invaluable! The EBC - You ve Got To Be In it to win it! THE PYRAMID SOCIETY 4067 IRON WORKS PKWY., STE 1 LEXINGTON, KENTUCKY USA PH: (859) 231-0771 FAX: (859) 255-4810 INFO@PYRAMIDSOCIETY.ORG WWW.EBCAUCTION.COM

Straight Egyptian stallion owners, who are current Premium or Life Members of The Pyramid Society in good standing, may donate up to two breedings per stallion to each annual Egyptian Breeders' Challenge (EBC) Auction. Each breeding sold entitles both the stallion owner and the purchaser to nominate a resulting foal into the EBC program. STALLION PROMOTION Stallions will be promoted as part of The Pyramid Society's EBC program in The Yearbook, select open shows and events, through targeted EBC promotional e-blasts, Egyptian Event Show Program, the Egyptian Event's live streaming video and on The Pyramid Society website. Promotional deadlines for stallion enrollment: November 10 Yearbook, digital promotions, website & all additional pre-event promotions July 25 EE Show Program and Website update August 13 Final deadline for inclusion in EBC auction Submittal Requirements by the above listed deadlines; Complete and submit (1) Stallion Enrollment Form & (2) Post-Event Purchase Authorization. Submit current breeding contract for your stallion which clearly states all information such as stud fee, type of semen service provided (live, cooled, frozen), transported semen stipulations, live foal guarantee rights, collection & shipping fees, mare care and/or other pertinent items. Submit 8 x 10 color photo or high resolution digital file (300 dpi in.jpg or.gif). Submit a copy of the stallion s AHA or CAHA registration papers & pedigree. - ALL items above must be submitted for stallion enrollment to be processed and promotion to begin. By July 25, 2017 A semen evaluation form will be required from first-time EBC stallion enrollees, young or unproven stallions and others as deemed necessary by The Pyramid Society. (Required) A stallion profile form will be requested separately will full details provided at that time. (Optional) - Submit a promotional video on disc to be shown during the live auction. Must be 2 minute (max) in length, in a Windows Media Video file (.wmv) format under 18 mb. STALLION PARTICIPATION REQUIREMENTS Stallion owner/lessee must be a current Premium/Life Member in good standing. Stallions must be Straight Egyptian and at least (3) three years old as of September 1 (of the auction year) to be eligible for enrollment. Hold a valid semen transport permit and agree to provide mare owner with the transported/cooled semen certificate required for the foal s registration. Semen availability for two years for fulfillment of EBC breeding commitment. 2018 Egyptian Breeders Challenge Guidelines Page 1

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. If stallion owners wish to guarantee that their stallions will advance to the live auction for premiere promotion during the Egyptian Event, they must assure the stated minimum bid is placed by 1:00pm on the day of the Live Auction (time tentative subject to change). Stallion owners agree to purchase their stallion s breeding for $1,000 if it does not sell through the auction. This will entitle the stallion owner to two EBC breeding rights which may be retained or transferred/sold to a new owner. See the Advance Bid Authorization form for complete information. If the stallion 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 for a bidder number and read the preferred stallion(s) breeding contracts prior to bidding. Absentee, Phone & Agent bidding is accepted. Please contact The Pyramid Society for the appropriate authorization form at least 7 days prior to the start of the Egyptian Event. 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. 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 October 1 and the final 1/3 on November 1. If payment is to be made by check, it must be received by the 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 may be forfeited. No breedings will be authorized to take place until all breedings purchased by an individual have been paid in full. Any outstanding balances must be paid in full to be considered a member in good standing and for continued participation in Pyramid Society programs. Silent Auction - Will be begin on Wednesday, August 29th and will close by 1pm on the day of the Live Auction (time tentative subject to change). Live Auction - All breedings receiving a minimum starting bid by the close of the silent auction will advance to the Live Auction. After Auction - All breedings not sold through the Live Auction will be available for additional silent bidding until Saturday, September 1st at the start of the evening session (subject to change). Any remaining unsold breedings will be available for purchase through the TPS website (at owner/lessee request) until November 15th. BONUS BREEDINGS Stallion owners may donate up to two breedings their enrolled EBC stallion(s). 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, 2018 Egyptian Breeders Challenge Guidelines Page 2

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 Broodmares must be purebred Arabians. Mare and stallion owners must maintain Premium or Life Membership in The Pyramid Society to participate in the EBC Program. A successful breeding must be achieved within two years of the auction year to retain EBC eligibility. Future non-eligible breeding rights are defined within the stallion owner's Breeding Contract. Straight Egyptian EBC foals must be Pyramid Society Futurity nominated in-utero and designated as "EBC" by December 31st, of the mare's breeding year. Non-Straight mares are required to pay a mare nomination fee of $250 of the mare's breeding year. (See Futurity guidelines for complete details.) BREEDING TRANSFER POLICY EBC breedings and/or resulting foals may be transferred to new owners upon written request with a dually endorsed EBC transfer form submitted to The Pyramid Society for 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. EXTENUATING CIRCUMSTANCES & 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, EBC & Futurity Guidelines. The terms contained within The Stallion Enrollment 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. 2018 Egyptian Breeders Challenge Guidelines Page 3

STALLION: SIRE: 2018 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: WEBSITE featuring this stallion: Live Coverage / Shipped Cooled Semen / Frozen OWNER: PHONE: ADDRESS: CITY/STATE/ZIP: FARM: 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 is required 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) Copy of AHA Registration ( provided OR use previous year s) Post Auction Purchase Authorization Form (page 2 of this form) *See EBC Auction Guidelines for complete information on other items to be submitted prior to the Auction. 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

2018 EBC Auction Stallion Enrollment POST-AUCTION PURCHASE AUTHORIZATION As the owner/agent of the stallion, (Required) I (name), authorize a $1,000 payment if the breeding does not sell during the auction. I authorize my credit card below to be charged in one-third increments with the first payment immediately following the auction and two subsequent payments on October 1st and on November 1st, 2018. I understand that I will then be eligible to nominate two resulting foals into the EBC/Futurity program. I understand that I would also have the option of selling one or both of these breedings or resulting foals at a later date by submitting a transfer form to The Pyramid Society. RESALE MARKETING OPTION If my stallion s breeding does not sell through the auction, I agree to the terms above and: Request to have it listed for resale on The Pyramid Society s website until November 1st for $ (please specify a price between $1000 and the published stud fee. I understand this breeding must be paid for in full prior to resale). OR I do not wish to have this breeding published for resale. I understand that if I wish for my stallion to advance to the live auction, for premiere promotion during the Egyptian Event, I must assure the stated minimum bid is placed by 1pm on the day of the Live Auction (time tentative - subject to change). CREDIT CARD TYPE: VISA MC AMEX CREDIT CARD #: EXP. DATE: V-CODE (3 digits for Visa or MC / 4 digits for AMEX): BILLING ADDRESS: CITY/STATE/ZIP/COUNTRY: CARDHOLDER S NAME: SIGNATURE: DATE: Return to: THE PYRAMID SOCIETY 4067 Iron Works Pkwy, Suite 1, Lexington, KY 40511 Ph: (859) 231-0771 Fax: (859) 255-4810 info@pyramidsociety.org OR Enroll Your Stallion Online at: PyramidSociety.org