1. SETTLEMENT OF ACCOUNT - Purchaser shall make settlement within thirty minutes on the conclusion of sales session in which the horse is sold for the full purchase price, plus sales tax where applicable. Settlement is to be made in the form of Canadian currency, approved bank cheque, certified cheque or travellers’ cheque, unless credit shall have been approved by:

CANADIAN THOROUGHBRED HORSE SOCIETY
(British Columbia Division)
17687 - 56A Avenue
Surrey, B.C. V3S 1G4

2. APPROVAL OF CREDIT - May be obtained by presentation of “A Letter of Credit”. The letter of credit is to be irrevocable and issued in the favour of:

CANADIAN THOROUGHBRED HORSE SOCIETY
(British Columbia Division)
17687 - 56A Avenue,
Surrey, B.C. V3S 1G4

Opened by your bank through and confirmed by a legal chartered Canadian bank, and provide for payment upon presentation of signed drafts accompanied by:

1) Copy of “Acknowledge of Purchase”; and
2) Copy of “Statement of Account”.

Expiration should be, at the latest, not less than thirty days from the latest date of sale.

The letter of credit must be filed with CANADIAN THOROUGHBRED HORSE SOCIETY (British Columbia Division) prior to date of sale.

3. PROCEDURES FOR OVERSEAS PAYMENT BY WIRE - If payment is made by wire, direct telegraphic transfer to Bank of Montreal, 5711 - 176A Street, Surrey, British Columbia V3S 6S6, with instructions to credit the account of the CANADIAN THOROUGHBRED HORSE SOCIETY (British Columbia Division) under wire advice.

4. AUTHORIZED AGENTS - All agents purchasing horses for clients and/or consignors shall make known to the CANADIAN THOROUGHBRED HORSE SOCIETY (British Columbia Division) the names of their principals and shall sign an Agent’s Authorization slip with the cashier of the CANADIAN THOROUGHBRED HORSE SOCIETY (British Columbia Division).