What is a stallion pre-paid pass out year and how does it work?

• When a stallion is enrolled, the enrollee pays for both the first year of enrollment and the last year of enrollment (whenever that may be).

• For example: if you enroll your stallion in 2025, your $7,750 enrollment amount includes the pass out amount. Every year you will renew your enrollment. If for some reason you decide in 2030 that you no longer wish for your stallion to be enrolled, the year 2030 will already be paid for because of the pre-paid pass out.

• This protects any foals that may have been sired in 2030 from the sire’s enrollment running out before they are born and able to be enrolled.

• Payments must be made by February 1 to renew the stallion enrollment for the current year. If the deadline is missed, a late enrollment price of $4,000 may be paid to continue enrollment for the current year without using the pre-paid passout fee. If the fee is never paid, the passout will be used and your stallion will no longer be enrolled the following year.