Buyer is responsible for cost and arrangements for transportation of semen from Seller to Buyer.

TERMS & CONDITIONS - ONLINE STALLION SERVICE AUCTION PURCHASE CONTRACT

IQHA Breeder’s Stallion Auction is conducted by: PERFECT HORSE AUCTIONS - Each breeding will be sold to the high bidder. - Payment is due within three (3) days end of bidding in auction, which is Wednesday, January 7, 2026. - The Breeding is to be consummated in 2026 unless otherwise allowed by stallion owner. - Reselling the breeding purchased in the same year will be permitted as long as the IQHA Breeder’s Futurity committee is notified in writing. - A $50 Mare nomination fee will be included in the purchase price for breeding’s purchased through the auction. No mare nomination form is necessary for the first year of breeding. The resulting foal will need to have an entry fee, or a carryover fee paid for each year once foal is born.

1. AGREEMENT: a) I represent and agree that I am of legal age to form a binding contract. b) I
(hereinafter, referred to as Buyer) agree to these terms and conditions, and swear that all the information furnished is true and correct. c) Buyer agrees to be responsible for any purchase made or actions taken by an Agent authorized by me to act on my behalf, d) Buyer agrees that this registration to bid is not assignable without the express written approval of PERFECT HORSE AUCTIONS Buyer agrees to make any sale transaction for this entry through PERFECT HORSE AUCTIONS, Buyer agrees that if they have the winning, final bid, or accepted bid in auction subject to Seller Confirmation, the Buyer has entered into a binding agreement to purchase the breeding.

2. BUYER’S RESPONSIBILITY: By placing a bid in this auction Buyer is indicating they have researched a stallion for breeding to their satisfaction. Prior to Bidding, Buyers are encouraged to ask the seller of the breeding for additional information. All responsibility for execution of this agreement lies between the stallion owner and the buyer. Buyer agrees to abide by the terms of the stallion owner's breeding contract.

3. The IQHA is not responsible for additional fees. (Chute Fees, Mare Care, Vet Fees, semen shipments, etc.)

4. Any breeding purchased through the IQHA Stallion Service Program may not be transferred or resold by the purchaser.

5. Breedings are for the 2026 season only. Any carryover to a future year is at the sole discretion of the stallion owner.

6. It is the responsibility of the MARE OWNER to find out any additional charges from the stallion owner and/or breeding facility prior to bidding. Additional charges may include but are not limited to: chute fees, booking fees, incentive fund fees, mare care fees, vet fees, pasture fees, shipping fees, ultra sound fees, in-foal fees, etc.

7. A $50 Mare nomination fee will be included in the purchase price for breeding’s purchased through the auction. No mare nomination form is necessary for the first year of breeding. The resulting foal will need to have an entry fee, or a carryover fee paid for each year once foal is born.

8. NO REFUNDS FOR ANY REASON.

9. The IQHA is not responsible for mares not getting in foal or for re-breeds or other discrepancies. This sole responsibility is between the mare owner and stallion owner.

10. TRANSPORTATION FROM SELLER TO BUYER: Buyer is responsible for cost and arrangements
for transportation of semen from Seller to Buyer unless otherwise stated.

11. RELEASE OF BREEDING TO BUYER: Seller shall not release the breeding to a Buyer until Buyer
has made full payment for the breeding and funds have been verified. Once bidding concludes, and PERFECT HORSE AUCTIONS has collected payment from the Buyer, PERFECT HORSE AUCTIONS will send a Buyer Confirmation Form (BCF) to the Seller.

12. BIDDING ERRORS: You should make sure to review all bids before and after submitting. If you
mistakenly increase your own bid, place your bidder number in the bid field, or make a gross error you must immediately contact the PERFECT HORSE AUCTIONS office by email (we must have your request in writing). We may not be able to reverse your bid. You must remain the high bidder. Be aware of increasing your own bids.... some bidders increase their own bid to price an item out of reach of other bidders. We will not reverse bids that have caused another bidder to be outbid. If you bid on the wrong item we will not reverse your bid. Please make sure to immediately review your bid. We will not reverse bids after the auction has begun to close, there will be NO exceptions.

13. PAYMENT BY BUYER: At the conclusion of the auction an invoice will be emailed to Buyer. Terms of sale are cash and payment in full must be made within (3) banking days after the sale is closed. Pay PERFECT HORSE AUCTIONS in all cases. ALL SALES FINAL. Payment may be made in the form of MasterCard, Visa or American Express credit cards, cash, bank wire transfer, official bank check, or valid traveler’s checks. In no case may any part of the purchase price be paid directly to the stallion owner by the Buyer, as such payment shall not be valid or entitle the buyer to obtain the breeding.

15. DEFAULT ON PURCHASE: If any person shall purchase a breeding and not pay for it as prescribed above, PERFECT HORSE AUCTIONS, and/or the Iowa Quarter Horse Breeders shall have the right to resell the breeding or at their option bring legal action in which event buyer agrees to pay all cost of such suit together with reasonable attorney fees as fixed by the court. In the event of resale the defaulting buyer agrees to pay all costs of resale and price deficiency, if any. Interest of 1-1/2% per month will be charged on the unpaid balance of any account not paid for as set forth in these conditions. Information regarding defaulting purchase shall be provided to the Foundation.

16. INDEMNITY: Buyer releases PERFECT HORSE AUCTIONS Sale Managers, Auctioneers,
employees and its representatives, and the Iowa Quarter Horse Breeders from any and all
responsibilities, liabilities, obligations, claims, lawsuits, or legal proceedings arising from the sale of any item in this auction including, but not limited to a stallion service, product or service.

17. ADDITIONAL TERMS AND CONDITIONS: The Terms and Conditions for the use of PERFECT
HORSE AUCTIONS Conditions Of Sale for buyers as stated on the auction web site, are hereby
incorporated by reference and made part hereof as though fully set forth herein.

18. PRIVACY POLICY: By registering as a bidder for this auction, Buyer agrees to the use of Buyer’s
information by PERFECT HORSE AUCTIONS. Buyer’s information will be used by PERFECT HORSE
AUCTIONS to contact Buyer and for record keeping. PERFECT HORSE AUCTIONS will not sell or give Buyer’s information to any entity, except for sponsor or company that provides special services to Buyer. Buyer grants permission for PERFECT HORSE AUCTIONS. to share contact information with it’s sponsors. In the future we may use email lists to contact Buyers. We may do custom email promotions for customers, advertisers or organizations through our Constant Contact account. If Buyer wishes to discontinue receiving these emails, contact our office or unsubscribe through Constant Contact.

19. SEVERABILITY: If any provision or portion of a provision of this agreement is held to be invalid or unenforceable for any reason, such provision or portion of a provision shall be struck and the remaining provisions shall be enforced.