EXCLUSIVE SELLING AGREEMENT

FOR SALE OF:.................................................................................................................

(1) Agreement for the sale of the above mentioned horse is hereby granted to Gallopers Australia Wide Bloodstock by the Principal on the understanding that the said Agent will act on behalf of the Principal in respect of the sale of the above mentioned horse.
(2) In CONSIDERATION of the Agent promising to use his best endeavours to sell the subject horse, the Principal hereby grants to the Agent exclusive selling rights of the horse for a minium period of 30 days

 from.....................................to...........................................................
 Now called the "Agency Period"
(3) (i)  The Agent shall be entitled to his fee if during the Agency Period the horse is sold  either
          (a) by the Agent, or (c) by the Principal.
     (ii) The Agent shall also be entitled to a fee at the agreed amount if at any time following the 
           expiration of the Exclusive Agency Period the Principal enters into a contract for the sale
           of the horse to a Purchaser effectively introduced to the Principal during the exclusive 
           agency period by the Agent, by any other Agent or by the Principal.
     (iii) The Agent's commission is calculated on the GST exclusive selling price if applicable.
(4) (i)   In addition to the exclusive selling rights granted to the Agent under Clause 2, the principal
          also grants to the agent non-exclusive selling rights of the horse commencing on the 
          expiry of the Agency Period specified in Clause 2 and until such time as either the horse
          is sold or this agreement is terminated by either party giving notice in writing, now 
          called the 'Continuing Agency Period'.
     (ii) The Agent shall be entitled to the fee specified in clause 3 if during the Continuing Agency
          Period they effectively introduce to the Principal a purchaser who subsequently enters
          into a binding contract.
(5)      The Principal warrants that they have authority to enter into this agreement.
(6)      The Agent is not authorised to enter into or sign a contract for sale on behalf of the Principal.
(7)      Unless otherwise instructed, the Agent may allow other agents to act in conjunction with
          them in order to effect a sale but only one fee will be payable.
(8)      Unless otherwise instructed by the Principal, any prospective purchaser is entitled to
          inspect the horse in the following circumstances, (a) with the Agent or (b) as otherwise
          arranged with the Principal.
(9)      The sale of the horse is to be advertised and/or promoted as follows: by electronic
          transmission of details, i.e. Internet and at the Agents discretion.
(10)    The fee to which the Agent is entitled shall be due and payable on completion of the sale
          or upon demand if the sale is not completed owing to the default of the Principal after the
          parties have entered into a binding contract.

..................................................                                            ...............................................
Signature of Principal(s)                                                             Signature of Agent

Please fill out the above and sign. Fax or post to Gallopers Australia Wide Bloodstock and a signed copy will be returned to you within 2 working days for your records.