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BROOD MARE LEASE AGREEMENT WIT N ESS t h is a gre em en t m ad e t h e _ ____ d ay o f _ ______, 2 0__, b y a n d b etw een ( In se rt L esso r s n am e, h ere in afte r r e fe rre d t o a s
Lesso r , a n d ( in se rt L esse e s n am e), h ere in afte r r e fe rre d to a s L esse e. W HER EA S, L esso r i s t h e o w ner o f a c erta in b ro od m are d esc rib ed a s: N am e: B re ed : R eg is tr a tio n N um ber: A ND W HER EA S L esse e d esir e s t o l e ase s a id M are f o r p urp ose s o f b re ed in g a n d p ro ducin g a f o al. I T IS N O W T H ER EFO RE, A G REED as fo llo w s: L esso r here b y le ase s th e ab ove- desc rib ed M are t o L esse e s u bje ct t o t h e f o llo w in g t e rm s a n d c o nditio n 1. L ea se T erm . T he te rm o f th is le ase s h all b e f o r a p pro xim ate ly 2 0 m onth s, b eg in nin g ( I n se rt s ta rt d ate ) a n d te rm in atin g w hen th e f o al is w ean ed . L esse e s h all g iv e L esso r 3 0 d ay s n otic e o f th e a n tic ip ate d l e a se t e rm in atio n d ate w hen t h e M are w ill b e r e tu rn ed t o L esso r. ( I n se rt L esse e o r L esso r a s a p pro pria te ) i s r e sp onsib le f o r m ak in g a n y a n d a ll a rr a n gem en ts f o r r e tu rn in g t h e M are t o L esso r. I f f o r a n y r e aso n t h e M are i s l e ft o n t h e p re m is e s o f L esse e w ith out j u stif ic atio n b y L esso r f o llo w in g th e l e ase t e rm in atio n d ate , L esso r s h all p ay t h e s u m o f $ 15.0 0 p er d ay f o r f e ed a n d b oard t o L esse e, pl u s a n y n ecess a ry a n d r e aso nab le v ete rin ary c o sts o r r e la te d f e es. 2 . Lea se p aym en ts . L esse e a g re es to p ay L esso r th e fo llo w in g s u m s: T he fir s t p ay m en t o f $ sh all b e p aid u p on o n t h e e x ecu tio n o f t h is L ease . T he s u m o f $ s h all b e p aid w hen t h e M are i s p ro nounced i n f o al b y a l ic en se d v ete rin aria n , o r i n t h e a lte rn ativ e, n o l a te r t h an J u ne 1 5th of th e b re ed in g y ear. H ow ev er, if th e M are d oes n ot c o m e in to f o al b y J u ne 1 5th of th e b re ed in g y ear. Th e L esse e m ay , L esse e s o ptio n, c o ntin ue th e L ease fo r th e s u ccessiv e b re ed in g s e aso n w ith n o ad ditio nal le a se p ay m en ts o ver a n d a b ove th ose d esc rib ed h ere in . In th e a lte rn ativ e, L esse e m ay term in ate th is L ease a n d re tu rn M are to L esso r a t L esse e s e x pen se . L esse e s h all g iv e n otic e to Lesso r o f s a id in te n t to te rm in ate in th e s a m e m an ner a t th e e n d o f th e L ease te rm a s d esc rib ed in Para g ra p h 1 . 3 . U se . L ess o r i s a u th oriz ed t o u se t h e a b ove-d esc rib ed M are f o r b re ed in g p urp ose s o nly . L esse e sh all b e so le ly re sp onsib le fo r th e c o st o f a n y b re ed in g fe es, c h ute fe es, v ete rin ary fe es, fa rrie r ex pen se s a n d t r a n sp orta tio n c o sts p erta in in g t o t h e a b ove-d esc rib ed M are u nder t h is a g re em en t. 4 . N ecessa ry D ocu m en ts . L esse e a n d L esso r stip ula te a n d a g re e to e x ecu te re co rd a n d/o r de liv er a n y d o cu m en ts r e q u ir e d b y a n y a p plic ab le b re e d o rg an iz atio n o r r e g is tr y to c o m ply w ith th e ru le s a n d/o r r e g ula tio ns o f s a id b re ed o rg an iz atio n o r o rg an iz atio n w ith r e g ard to th is le ase a n d th e re g is tr a tio n o f th e f o al. L ess e e s h all p ay a ll c o sts a n d f e es p erta in in g th ere to a s m ay b e r e q uir e d b y said b re e d o rg an iz atio n o r r e g is tr y . 5 . R en ew al/T erm in atio n O ptio n b y L esse e. If th e M are is p ro nounced in fo al, b ut d oes n ot pr o duce a liv e fo al fo r an y re aso n, Lesse e m ay at L esse e s o ptio n re n ew th is L ease fo r th e su ccessiv e bre ed in g se aso n as ab ove-d esc rib ed , w ith out ad ditio nal L ease pay m en ts , or in th e alte rn ativ e, L esse e m ay te rm in ate th is L ease a n d r e tu rn M are to L esso r. L esse e s h all g iv e n otic e to Lesso r o f s a id in te n t to te rm in ate in th e s a m e m an ner a s p re sc rib ed a t th e e n d o f th e L ease te rm a s de sc rib ed i n P ara g ra p h 1 .
Liv e f o al a s u se d i n t h is a g re em en t s h all m ean a f o al w hic h s ta n ds a n d nu rs e s. 6 . Term in atio n b y L esso r. Lesso r m ay , at L esso r s d is c re tio n d ecla re th is L ease to b e te rm in ate d fo r a n y su bsta n tia l b re ach o f a n y te rm o f th e a g re em en t a s fu rth er d esc rib ed h ere in . Le sso r sh all g iv e L esse e a m in im um o f 1 5 d ay s n otic e o f L esso r s in te n tio n to te rm in ate th is ag re em en t an d th e g ro und s th ere fo r. Lesse e sh all b e p erm itte d to co rre ct an y su ch b re ach as de sc rib ed d efic ie n cie s w ith in 5 d ay s o f s a id n otic e a n d n otif y L esso r o f s a id c o rre ctio n o r c u re o f t h e bre ach (e s) d esc rib ed b y L esso r. U pon te rm in atio n o f th is a g re em en t b y L esso r, L esso r sh all, a t Le sso r s e x pen se m ak e a ll n ecessa ry a rra n gem en ts to d eliv er th e M are to L esso r s p osse ssio n. Le sse e s h all b e lia b le to L esso r f o r th e r e aso nab le c o st o f tr a n sp orta tio n a n d v ete rin ary c are a ris in g fro m a n y c o nditio ns g iv in g r is e t o t h e t e rm in atio n o f t h is a g re em en t b y L esso r.7 . Care an d m ain te n an ce. L esse e sh all assu m e all re sp onsib ility fo r th e fu ll care an d main te n an ce o f th e M are d u rin g th e te rm o f th is L ease a n d s h all p ro vid e re aso nab le fa cilitie s a n d co nditio ns fo r b re ed in g, fu rn is h g ood q uality fe ed , a d eq uate w ate r, e x erc is e , m ed ic al/v ete rin ary care a n d v ario us re la te d s e rv ic es in a m an ner c o nsis te n t w ith g ood h ors e b re ed in g p ra ctic es in th e Sta te of Y ou rS ta te at Lesse e s ex pen se . Lesso r sh all assu m e re sp onsib ility fo r care an d main te n an ce o f t h e M are p urs u an t t o t h e t e rm in atio n o f t h e L ease n otic e p ro vis io ns s e t f o rth h ere in . 8 . R is k o f L oss. L esse e s h all b ear a ll r is k o f l o ss w ith r e g ard t o t h e d eath o f o r i n ju ry t o t h e M are . Le sse e a g re es t o m ain ta in a p olic y o f e q uin e m orta lity i n su ra n ce i n su rin g t h e M are i n t h e a m ount o f $( In se rt in su ra b le a m ount h ere ). In a d ditio n, in th e e v en t o f s ig nif ic an t in ju ry to th e M are w hile in th e c are a n d c u sto dy o f L esse e w hic h r e su lts i n p erm an en t i m pair m en t t o t h e M are s b re ed in g a n d/o r pe rfo rm an ce o f b re ed in g a b ility , L esse e a g re es to p ay th e s u m o f $ (In se rt I n su ra b le a m ount h ere ) to Lesso r in c o m pen sa tio n th ere o f, a t w hic h tim e o w ners h ip o f th e M are w ill b e tr a n sfe rre d to L esse e by L esso r. 9 . In heren t R is k s a n d A ssu m ptio n o f R is k . L esse e a ck now le d ges th ere a re in here n t ris k s asso cia te d w ith e q uin e a cti v itie s s u ch a s d esc rib ed h ere in , a n d h ere b y e x pre ssly a ssu m es a ll ris k s asso cia te d w ith p artic ip atin g in s u ch a ctiv itie s. T he in here n t r is k s in clu de, b ut a re n ot lim ite d to , th e p ro p en sity o f e q uin es to b eh av e in w ay s su ch a s; ru nnin g, b uck in g, b itin g, k ic k in g, sh yin g, st u m blin g, r e arin g, f a llin g o r s te p pin g o n, w hic h m ay r e su lt i n i n ju ry , h arm o r d eath t o p ers o ns o n o r ar o und th em ; th e u npre d ic ta b ility o f e q uin e s r e actio n to s u ch th in gs a s s o unds, s u dden m ovem en t an d u nfa m ilia r o bje cts , p ers o ns o r o th er a n im als ; c erta in h azard s su ch a s su rfa ce a n d su bsu rfa ce co nditio ns; c o llis io ns w ith o th er a n im als ; th e lim ite d a v aila b ility o f e m erg en cy m ed ic al c are ; a n d th e p ote n tia l o f a p artic ip an t to act in a n eg lig en t m an ner th at m ay co ntr ib ute to in ju ry to th e pa rtic ip an t o r o th ers , s u ch a s fa ilin g to m ain ta in c o ntr o l o ver th e a n im al o r n ot a ctin g w ith in s u ch partic ip an t s a b ility . W arn in g-In se rt S ta te W arn in g H ere1 0 . W arra n ty o f L esso r. L esso r w arra n ts t h e a b ove-d esc rib ed M are i s f it a n d f e rtile f o r b re ed in g pu rp ose s a t th e tim e o f th e e x ecu tio n o f th is L ease . L esso r m ak es s a id re p re se n ta tio n b ase d u pon sta n d ard pra ctic es in th e Equin e in dustr y an d sh all not be re sp onsib le fo r an y la te n t me d ic al/v ete rin ary m ala d ie s in th is re g ard . H ow ev er, L esse e m ay , a t L esse e s e x pen se , h av e a lic en se d v ete rin aria n ex am in e th e M are p rio r to ta k in g d eliv ery fro m L esso r. In th e ev en t th e ve te rin aria n o pin es t h e M are i s n ot f it f o r b re ed in g, t h is L ease s h all b eco m e n ull a n d v oid . 1 1 . L ia b ilit y I n su ra n ce. L esse e s h all, a t L esse e s e x pen se , a t a ll tim es d urin g th e te rm o f th is Le ase , m ain ta in a p olic y o f l ia b ility i n su ra n ce i n su rin g a g ain st a n y i n ju ry o r d eath o f p ers o ns i n a n d aro und th e p re m is e s w here th e M are is to b e k ep t. L esse e sh all cau se L esso r to ap pear as an ad ditio nal n am ed -in su re d fo r lia b ility p urp ose s u nder s a id p olic y . F urth er, L esse e s h all p ro vid e a co py o f t h e D ecla ra tio ns P ag e i n e v id en ce o f s a m e w ith in 3 0 d ay s o f t h e e x ecu tio n o f t h is L ease .1 2 . In dem nit y . L esse e s h all in dem nif y , h old h arm le ss a n d d efe n d L esso r a g ain st a n y a n d a ll cl a im s, d em an d s, o blig atio n s, c o m pla in ts , ju dgm en ts , o rd ers o r a n y o th er m atte r a ris in g o ut o f th e Ma re  s c o nduct o r a ctio ns. L esse e f u rth er a g re es to in dem nif y L esso r f ro m a n d a g ain st a n y c la im s of lie n o r en cu m bra n ce ag ain st th e ab ove-d esc rib ed M are , w heth er in cu rre d b y co ntr a ct o r b y opera tio n o f l a w .13 . A ssig n m en t. T his le ase c an not b e a ssig ned o r s u ble t b y L esse e w ith r e g ard to a n y in te re st he re in in a n y m an ner, n or m ay L esse e p erm it th e u se o f th e su bje ct M are fo r a n y p urp ose n ot oth erw is e s e t f o rth h ere in .1 4 . R ig h t o f in sp ectio n . L esso r s h all h av e th e r ig ht to in sp ect th e M are a t a n y r e aso nab le tim e. Le sso r s h all g iv e tw en ty f o ur ( 2 4) h ours n otic e o f L esso r s in te n t to c o nduct a n in sp ectio n. In th e ev en t th e c o nditio ns in w hic h th e M are a re k ep t a re s u bsta n dard o r u nsa tis fa cto ry , o r if th e M are ap pears t o b e n eg le cte d b y L esse e, L esso r m ay t e rm in ate t h e L ease a n d t a k e p osse ssio n o f t h e M are if L ess e e f a ils to m ak e a ll n ecessa ry c o rre ctio ns w ith in f iv e ( 5 ) c ale n dar d ay s f ro m th e d ate o f s a id no tic e. I n th e e v en t L esso r te rm in ate s th e L ease w hile th e M are is in f o al, th e f o al s h all r e m ain th e pro perty o f L esse e a n d L esse e s h all c o ntin ue to b e lia b le fo r th e c o sts o f re aso nab le m ain te n an ce an d h ealth care f o r t h e M are u p t o a n d i n clu din g t h e d ate o f w ean in g. 1 5 . D efa u lt . I f e ith er p arty d efa u lts w ith r e sp ect to a n y m ate ria l c o ven an ts c o nta in ed h ere in , th e oth er p arty m ay , b ut is n ot c o m pelle d to , d ecla re th is L ease to b e te rm in ate d . T he p re v ailin g p artie s to a n y litig atio n o r a rb itr a tio n th ere afte r s h all b e e n title d to r e co ver th eir r e aso nab le a tto rn ey  s f e es an d c o urt c o sts r e la tin g to s a m e. T he c o st o f tr a n sp orta tio n f o r d eliv ery o f th e f o al to L esse e s h all be p aid b y L esse e.1 6 . W aiv er . N o d ela y o r fa ilu re to e x ert a n y rig hts o r re m ed ie s b y a n y p arty p erta in in g to a n y bre ach o f th is a g re em en t s h all in a n y m an ner im pair s u ch rig ht o r re m ed ie s n or s h all s u ch d ela y co nstitu te a w aiv er o f s u ch rig ht o r a cq uie sc en ce th ere in ; W aiv er o f a n y s in gle b re ach o r d efa u lt sh all n ot b e d eem ed a s a w aiv er o f a n y o th er v io la tio n o f th e c o ven an ts s e t fo rth h ere in u p to th e tim e o f s a id w aiv er o r a t a n y tim e th ere afte r. T he w aiv er o f a n y rig ht o r re m ed y p urs u an t to th is ag re em en t m ust b e in w ritin g in o rd er to b e b in din g u pon th e p artie s. A ny an d all re m ed ie s he re u nder o r im pose d b y o pera tio n o f la w o th erw is e a v aila b le to L esso r sh all b e c u m ula tiv e in natu re a n d n ot i n t h e a lte rn ativ e.1 7 . N otic es. A ny n otic e r e q uir e d u nder th e te rm s o f th is L ease s h all b e s e n t p osta g e p re p aid to the a d dre ss s h ow n b elo w . L esso r a n d L esse e s h all g iv e n otic e o f a n y c h an ge o f a d dre ss w ith in 1 0 day s o f t h e e ff e ctiv e d ate o f s u ch c h an ge.1 8 . B in din g e ffe ct. T he te rm s a n d c o nditio ns o f th is L ease s h all b e b in din g a n y e x ecu to rs , h eir s , ad m in is tr a to rs an d/o r assig ns of L esso r an d L esse e as if th ey are th e orig in al partie s unle ss oth erw is e a g re ed t o i n w ritin g.19 . Appli c a b le L aw . It is h ere b y a g re ed th at th e te rm s o f th is L ease sh all b e c o nstr u ed in acco rd an ce w ith a n g overn ed b y t h e L aw s o f t h e S ta te o f Y ou rS ta te .2 0 . E ntir e A greem en t. T his d ocu m en t c o nstitu te s t h e e n tir e a g re em en t b etw een t h e p artie s. A ny ch an ges or am en dm en ts m ust be m ad e in w ritin g an d sig ned by th e partie s here to . A ll mo dif ic atio ns, a d ditio ns o r a m en dm en ts s h all n ot b e c o nsid ere d p art o f th is L ease a g re em en t u nle ss sa m e a re r e d u ced t o w ritin g a n d s ig ned b y t h e p artie s t o b e c h arg ed .D ATE: , L ESSO RNam e A ddre ssC ity , Y ourS ta te , Z ip , L ESSE EN am e A ddre ssC ity , S ta te , Z ip