Boarding Contract Conditions

CONDITIONS OF CONTRACT:

1. The undersigned OWNER covenants he/she is the owner of the HORSE free from any encumbrances and has full right and authority to enter into this contract.

2. Bills will be sent on or around the first of each month. The OWNER shall promptly pay GODSTONE FARM'S Boarding charges and any other charges relating thereto for the HORSE.

3. All bills must be paid within thirty days of the billing date. Payment received after 30 days will be considered late. Bills not paid within thirty days will incur a late fee. The late fee will be 2.0% of the amount owed.

4. All OWNERS not paid within 30 days will receive late notice at the time of the next billing. If the bill is not paid within 60 days GODSTONE FARM will send written notification by certified mail that GODSTONE FARM intends to collect the amount owed through legal channels. At this point the OWNER has 30 days to send payment or a legal action will be pursued.

5. Any fees (including boarding, foaling, and/or veterinarian fees) must be paid in full to GODSTONE FARM before the HORSE is released to the OWNER. The OWNER shall notify GODSTONE FARM of the HORSE'S planned departure date. If this does not occur GODSTONE FARM cannot guarantee that the bill will be completed by the time of departure and thus cannot guarantee that the HORSE will be released on the scheduled departure date. GODSTONE FARM has first lien on the HORSE and absolute right and authority to repossess the HORSE, or at GODSTONE FARM'S option, to sell such animal and apply such sale moneys to the payment of any amount owed by the OWNER to GODSTONE FARM.

6. In ALL actions, the OWNER is responsible for all attorneys and/or collection offices fees incurred by GODSTONE FARM in the collection of said delinquent accounts.

7. If the boarded HORSE is insured, OWNER shall notify GODSTONE FARM in writing prior to the HORSE'S arrival.

8. GODSTONE FARM may refuse to accept or immediately remove any horse determined by GODSTONE FARM to be dangerous to life and property.

9. The OWNER hereby indemnifies and saves harmless GODSTONE FARM, Judith Barrett, and the FARM'S owners, directors, officers, agents and employees and each of them harmless from costs, expenses, damages, claims, demands and actions whatsoever arising from or in regard to the boarding of the HORSE and any foal thereof, and the parties agree that this clause shall survive the termination of this contract.