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Horse Lease Agreement 2

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Horse Lease Agreement 2 Page 3
pg. 3
8. LESSEE’S REPRESENTATIONS AND WARRANTIES.
8.1 Lessee represents and warrants to Lessor the following: 1) Lessee is not a minor or incompetent
person and is authorized and empowered to enter into this agreement; 2) Lessee
will not allow or cause any lien, charge or other encumbrance to be asserted against the Horse or
Lessor’s ownership thereof; 3) Lessee has the ability, knowledge and skill necessary to care for
and maintain the Horse in good physical condition; 4) Lessee shall maintain safe and clean
boarding facilities and care for the Horse in a proper manner consistent with accepted equine
practices and 5) Lessee shall not sell, transfer or relocate the Horse without the express written
consent of Lessor.
9. LESSOR’S REPRESENTATION AND WARRANTIES.
9.1. Lessor represents and warrants to Lessor the following: 1) Lessor is the owner of the Horse; 2) Lessor
is authorized and empowered to enter into this agreement; and 3) the Horse is fit for the stated purpose
and use set forth herein.
10. ASSIGNMENT AND SUBLETTING.
10.1. Lessor's Consent Required. Lessee shall not voluntarily or by operation of law assign, sublet, or
otherwise transfer or encumber all or any part of Lessee's interest in the Horse
or this Lease without Lessor's prior written consent. Any attempted assignment, subletting,
transfer or encumbrance without Lessor's consent is void and shall constitute a breach of the
Lease. Consent to one assignment or subletting shall not be deemed consent to any subsequent
assignment or subletting.
10.2. No Release of Lessee. Regardless of Lessor's consent, no subletting or assignment shall release
Lessee of its obligation to pay rent and to perform all of Lessee's other obligations hereunder for the
Term. The acceptance of rent by Lessor from any other person shall not be deemed to be a waiver by
Lessor of any provision hereof.
11. INSURANCE.
11.1. Property and Liability Insurance. In the event that Lessee is in the exclusive possession of the Horse
during the Term of this Lease, Lessee shall maintain throughout the Term, at its sole cost and expense,
insurance against loss or injury to the Horse in the amount of $__________ and comprehensive general
liability insurance, providing a combined single limit of liability of not less than
$________________________ per occurrence. Lessee shall furnish Certificates of Insurance evidencing
the coverage specified above. The Certificates shall show Lessor as an additional insured, and shall
provide for at least ten (10) days' written notice to Lessor of cancellation or material change.
12. INDEMNITY; ASSUMPTION OF THE RISK.
12.1 Indemnity. Lessee shall indemnify and hold Lessor harmless from any and all claims, demands,
liability, damages, judgments or actions arising from Lessee's use or possession of the Horse, including any
and all costs, attorney's fees, expenses and liabilities incurred in the defense of any such claim or any
action brought thereon.
12.2 Assumption of the Risk. Lessee understand that engaging in equine activities is
an inherently-dangerous activity, and that, by so doing, Lessee is exposed to dangers both
known and unknown. Horses are large, unpredictable animals which may be dangerous no
matter how much training they have, no matter what level of experience Lessee has, and no
matter what the situation. Lessee agrees and understands that Lessor can not control the
Horse Lease Agreement 2