I'MA TOUGH COWBOY
SHIPPED SEMEN BREEDING CONTRACT

This stallion breeding contract for the breeding season of 2001, is made and entered into this _____ day of ________________, by and between Diamond M Ranch, hereinafter designated Breeder, and ___________________________ hereinafter designated Mare Owner. Mare Owner agrees to breed the mare ___________________________________ to the stallion I'ma Tough Cowboy for the fee of $750, for a live colored foal, subject to the following conditions:

1. The stallion fee shall be paid with the execution of this contract.

2. The mare to be bred shall be in a healthy and sound breeding condition, free from infections, etc. A photocopy of registration papers (both sides) must accompany Breeding Contract prior to shipment of semen.

3. Breeder agrees to diligently try to settle mare and will send the mare owner one shipment of semen included in the stallion service fee. Additional shipments will require a fee of $150 per shipment to cover the cost of collection and must be paid in advance. Mare Owner is responsible for all shipping fees. However, if mare fails to settle, for any reason, Mare Owner will hold Breeder blameless. Mare Owner agrees to allow Breeder at least three attempts at settling mare in order to retain breeding privileges for the following season.

4. This contract contains a live color foal guarantee. A live colored foal is described as a newborn foal which stands and nurses without assistance and has the appaloosa characteristics described by the ApHC for regular registration. If foal is born dead, there are return privileges for the current season only if Mare Owner notifies Breeder within 10 days and submits a veterinarian statement of said foals death. If after being pronounced in foal (no later than 60 days after breeding), the mare should miscarry, abort or reabsorb, Mare Owner has the privilege to attempt rebreeding during the current year, February through June, or the following year 2002.

5. It is further agreed that should the stallion die, be sold, or become unfit for service prior to breeding the mare, $700 of the breeding fee will be refunded; if it has been paid to Breeder, thereby cancelling this entire agreement; or if the mare dies or becomes unfit to breed, the Breeder will accept another mare according the paragraph #2 as a replacement.

6. This contract is non-assignable and non-transferrable.

7. Mare Owner agrees to return shipping container by express mail at their own expense within 24 hours from last insemination and enclose ApHC completed paperwork A late return charge of $50 will be charged if container is not promptly returned to Diamond M Ranch. A $300 deposit must be made on container and will be refunded when mare is pronounced in foal and container has been returned to Breeder intack and without damage. If Breeder has sent semen via airline, Mare Owner will reimburse Breeder airline freight upon invoice.

8. This contract is entered into in the State of Florida and will be interpreted and enforced under the laws of Florida in the County of Sarasota.

9. Should either party breach this contract, the breaching party shall pay for the other's court costs and attorney's fees related to such breach.

10. This contract represents the entire agreement between the parties. No other agreements or promises, verbal or implied, are included unless specifically stated herein below:

11. All invoices must be paid before Breeder's Certificates will be issued.

PLEASE GIVE MINIMUM 24 HOURS NOTICE PRIOR TO SHIPPING

Mare Owner__________________________ Address__________________________ City, State, Zip __________________________ Phone __________________________

Credit Card Information for Shipping Fees:

number _________________________ exp. date_________________

$150 Collection Fee

$750 Stallion Service Fee