Eligibility
Horses eligible to compete in the 2008 Futurities will be those resulting from 2004 Futurity Eligible breedings. All Futurity Eligible horses must be registered with the Renai Horse Registry before competing. In the Purebred Arabian Division, horses must also be registered with AHA. In the Crossbred Futurity, horses must be crossbred (i.e. registered DHH, ASB, Morgan, Hackney, Arabian, etc. are not eligible).

Basic Rules
Each participating Renai Foundation Stallion will have a maximum of five designated Futurity Eligible breedings. The first breeding will be contributed to the Futurity Trust and sold at the Renai Foundation Stallion Services Auctions during the Renai World Cup Championship Horse Shows. The remaining four 2004 Futurity Eligible breedings from each stallion may be purchased privately subject to the following conditions:

1) If the first breeding sells for the 2004 published stud fee or higher, the buyer of the first breeding will have first right of refusal on any or all of the remaining breedings until one half hour after the sale. The price of each of these breedings shall be the price paid for the first plus $250. If the stallion owner buys the first breeding to his stallion and then exercises his first right of refusal to buy any or all of the remaining four breedings, and commits these breedings to his own mares, the $250 will be waived. However, should any or all of the breedings be resold, the $250 per breeding must be paid to the RHR Futurity Trust.

2) If the first breeding sells for under the 2004 published stud fee, the buyer of the first breeding will have first right of refusal on any or all of the remaining breedings until one half hour after the sale at the price of the published stud fee plus $250. (If the stallion owner buys the first breeding and then exercises his first right of refusal to buy any or all of the remaining four breedings and commits these breedings to his own mares, the $250 will be waived.)

3) The remaining Futurity Eligible breedings will be sold on a first come first serve basis through the stallion owner/manager until March 1, 2004. The price of each of these remaining Futurity Eligible breedings shall be the published stud fee, plus $250, or the auction price of the first breeding, plus $250, whichever amount is greater.

4) The $500 registration fee for the resulting foal from the first Futurity Eligible breeding sold at auction will be waived.

5) All Futurity Eligible breedings are transferable, providing the appropriate paperwork is submitted to the Renai Horse Registry for recording and registration.

6) All Futurity Eligible breedings sold by auction or by private treaty have limited live foal guarantees and otherwise, are subject to the 2004 breeding contract of each stallion.

Limited Live Foal Guarantees
The breeder will have three consecutive breeding seasons to get a live foal, resulting from the Futurity Eligible breeding, after which the breeding expires, unless the stallion becomes infertile or incapacitated. In this event, the stallion owner may arrange a mutually suitable and qualified stallion to substitute, or the Futurity Trust and the original stallion owner will jointly refund their respective amounts received.

 
Payment on Futurity Eligible Breedings
Payment on the auction breeding will be cash only. The payment on each of the remaining four Futurity Eligible breedings will be the same as described in the individual 2004 breeding contract for Futurity Eligible breedings. The $250 Futurity Trust amount must be included in the booking fee and paid to the RHR.

 
Futurity Funding
100% of the net proceeds each year are placed into the designated 2008 Renai Futurity Trust accounts. The net proceeds from the sale of the first breeding, plus $250 per Futurity Eligible breeding sold from the next four, will be contributed into these Trusts through 2007. At the time of the 2008 Futurities, 50% of the Crossbred Trust balance will be paid to the top ten winners. For the Purebred Arabian Futurity, 50% of the Trust balance will be paid to the top ten winners in each of the classes, with the amount per class paid pro rata, based on the participation in each class (English Pleasure or Sport Horse Under Saddle).

 
The Futurity Competition
The Futurity event will be judged in accordance with the Renai Horse Registry rules and procedures and will be inclusive with the 2008 Renai World Cup Championship Horse Show. Owners of Purebred Arabian Futurity Eligible horses may wait until closing of entries to determine which class (English Pleasure or Sport Horse Under Saddle) to enter and compete. No horse will be allowed to compete in both of these classes.

 
Disclosure
The Renai Horse Registry reserves the right to make changes, add additional classes and /or modify the method of prize money contribution. Futurity procedures are subject to change based on the best interests of Futurity participants and the RHR.

The Renai Horse Registry will be paid a management and promotional fee of 10% of the total money contributed to the Futurity Trust.

LaCroix/Burrline may purchase Futurity Eligible breedings and be entitled to all rights, but will be exempt from ownership participation in the Futurity competitions until such time that either party is not involved in the management of the RHR show or Futurity event.

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