Polestar Farms, Inc. Training/Lesson Agreement This Training/Lesson agreement sets out the rights and obligations of Polestar Farm, LLC (hereinafter “Trainer”) and _________________________ the owner (hereinafter “Owner”) of the below described horse or horses (hereinafter “horse”) relating to the training of the horse and/or riding instruction provided to Owner or Owner’s designee. Horse(s) to be Trained Name Age Sex Color Breed _____________________ ______ ______ ________________ ________________ Name Age Sex Color Breed _____________________ ______ ______ ________________ ________________ 1. Obligations of Trainer A. Trainer shall assess the abilities of the horse and Owner and determine what training or instruction is appropriate to improve their ability and performance. Training and instruction will be conducted by Meika Decher or her designee. B. Training sessions or lessons will be conducted at ___________________, _____ times per week, at times to be agreed upon by the parties. C. Training sessions or lessons shall begin on or about ____________ and will continue through _______________, unless terminated sooner in accordance of the provisions of this agreement. D. Trainer agrees to show the horse at such events that Trainer and Owner agree upon. Horse shall be shown in the name of _____________________ with _____________________ as Owner and __________________ as Trainer. Any prize money won by the horse while under this agreement shall be treated as follows: _____________________________________________. The showing shall be at the expense of the Owner, as provided for below. 2. Obligations of Owner A. To pay $60.00 per hour for training and instruction provided by Trainer. Owner will be invoiced for all amounts due under this agreement on a monthly basis. Owner agrees to pay each invoice upon receipt. B. To prepare the horse for each training session or lesson. 1 C. To pay the following expenses in connection with showing the horse: (1) Entry fees (2) Feed (3) Grooming (4) Stall fees (5) $0.25 per mile transportation. D. Owner hereby acknowledges that as a result of the horse’s training and Trainer showing the horse, the horse’s value may increase and offers maybe solicited or received for the sale of the horse. Owner acknowledges that the Trainer plays an important role in the campaigning of the horse and the Trainer shall be entitled to a brokerage fee in the event that the horse is sold at any time during the term of this agreement or for a period of three months after the termination thereof. In the event that the horse is sold, the Trainer shall be entitled to a brokerage fee equal to 15% of the gross sale proceeds of the horse. E. Owner hereby acknowledges that it shall be Owner’s sole responsibility to insure the horse fully and completely for mortality and major medical expenses. Owner further acknowledges that it is the Owner’s sole and exclusive responsibility to insure any personal property which may be at the Trainer’s premises or in Trainer’s possession at any time and that Trainer accepts no responsibility for securing, protecting or insuring any such personal property, included by not limited to saddles, bridles, and other equipment. 3. Representations and Limitations A. Owner represents that it is the owner of the above horse or has the authority of the owner to possess, use and put the horse into training. B. Trainer makes no representations or warranties as to the potential of the horse to achieve success in competition at any level whatsoever. Any evaluation of the horse by Trainer is done solely for its own benefit and the Owner shall not under any circumstances rely on the opinion or evaluations of Trainer in determining the horses worth, potential, suitability as a competition prospect or in any other manner whatsoever. C. Trainer makes no representations or warranties as to the level of training the horse may be able to achieve. Owner hereby recognizes and acknowledges that the horse success or failure may be the results outside the control of the Trainer, such as the physical limitations and conditions, injuries and illness, the horse disposition and the like. In the event that the Owner is not satisfied with Trainer’s training of the horse or its level of its achievement, the Owner’s sole remedy shall be to terminate the contract in accordance with the terms hereof. 4. Termination of Contract 2 A. Trainer may terminate this agreement, at its sole option, at any time upon forty-eight (48) hours notice in any of the following events, each of which (other than item 5) shall be deemed a default by the Owner hereunder: 1. Trainer determines in it sole and discretion, the horse or the Owner poses a danger to the Trainer or any person or animal affiliated therewith; 2. The Owner fails to pay any amounts due within 10 days when due; 3. The Owner fails to abide by the rules of Polestar Farms, Inc. 4. The Owner fails and refuses to cooperate with the training of the horse in accordance with the terms of this Contract; 5. Any of the principals of the Trainer dies or becomes disabled; 6. The Owner fails in the performance of any term, condition, representation, or warranty contained herein. B. This agreement may be terminated by either party hereto, with or without cause, upon not less than 30 days written notice to the other party. Such termination shall be effective upon the last day of the next full month unless otherwise agreed by the parties. C. In the event that this agreement is terminated as provided above, the Trainer shall be entitled to collect all of its fees, costs and expenses as provided herein. THE OWNER SHALL NOT BE PERMITTED TO REMOVE THE HORSE FROM THE STABLE UNTIL ALL FEES, COSTS AND EXPENSES PROVIDED HEREIN AHAVE BEEN PAID IN FULL. Such fees, costs and expenses shall constitute amounts due for “board,” the non-payment of which shall give rise to a lien on the horse(s) which may be enforced pursuant to North Carolina General Statute 44A. 5. Boarding and Liability The rights and obligations of the parties with respect to boarding of the horse and legal liability are set out in separate documents, signed by the parties, which are hereby incorporated by reference as if fully set forth herein. 6. Miscellaneous Provisions A. This document states the entire agreement of the parties as to the matters contained herein, and may not be changed except by a writing signed by both parties. B. This agreement shall be governed by and interpreted in accordance with the terms of the laws of the State of North Carolina. 3 WARNING UNDER WASHINGTON STATE LAW, AN EQUINE ACTIVITY SPONSOR OR EQUINE PROFESSIONAL IS NOT LIABLE FOR ANY INJURY TO OR THE DEATH OF A PARTICIPANT IN EQUINE ACTIVITIES RESULTING EXCLUSIVELY FROM THE INHERENT RISKS OF EQUINE ACTIVITIES. I HAVE READ AND UNDERSTAND THE ABOVE AGREEMENT. This the _________________ day of ___________________, 20__. Polestar Farms, Inc. Owner By: ____________________________ By: _________________________ Date: ______________________ Date: ______________________ 4