This contract made by and between Watermark Farm (“The Rawles”) and

                                                                    [Purchaser]

for breeding of the Mare named:                                                

Registration No:                  to the Stallion named:                       

for the              breeding season [“Present Breeding Season”] subject to the

following terms and conditions:

The Mare: The mare to be bred is: Breed:                   Color:          

Year Foaled:            Sired by:                                          

Out of:                               Damsire:                             

FEES: Purchaser agrees to pay Watermark Farm the following fees:

Please circle the stallion you wish to use.

Frozen semen from Watermark Farm is purchased by the breeding dose. The listed price for each stallion is for a single dose to be utilized for a single insemination. Multiple dose discounts are available for some stallions and are also listed.

The sale of frozen semen will contain no warranty, guarantee or liability for Watermark Farm or the agents of Watermark Farm. All frozen semen is tested EVA & CEM Negative. All fees must be paid in full before any semen will be shipped.

Mare Passport must be completed by October 30 of the breeding year.

For frozen semen shipping only: Frozen semen tanks must be returned to Select Breeders Services of Colora, MD. The rental fees, shipping and handling of all frozen semen will be billed directly to the mare owner by SBS. All breeding fees must be paid to Watermark Farm in advance. Shipping arrangements must also be done in advance in cooperation with Select Breeders Services.

Returning the container: After the receipt and use of the semen, the vapor shipper must be returned immediately to SBS. Select Breeders Services, 1088 Nesbitt Road, Colora, MD 21917. Telephone (877) 658-3228, Fax (410) 658-3339. Email: info@selectbreeders.com

ALL FEES AND COSTS MUST BE PAID 10 DAYS BEFORE SEMEN WILL BE SHIPPED

Return of service: I understand and acknowledge that return of service does not apply to the sale of Frozen Semen.

              [Mare Owner initials]

Refund of Fees: The Mare Owner understands and acknowledges that Watermark Farm’s refund policies do not apply to the sale of Frozen Semen.

              [Mare Owner initials]

8.

In witness whereof, the Parties hereto have set their hands and seals.

For Watermark Farm:                                                            

Purchaser [please print name]:                                                 

Purchaser signature:                              Date:                        

Address:                                          Phone:                       

                                                  Fax:                         

Address for Semen Shipment: [if different than the address listed above]