Elizabeth Giles - Page 9

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          March 1, 1990, Borissa produced a colt7 named VT Kartel.  After             
          seeing VT Kartel, petitioner purchased Borissa for $2,500.  VT              
          Kartel died in 1991.                                                        
               In 1990, petitioner again bred Borissa, who produced Bogaz             
          on May 19, 1991.  Petitioner did not breed Borissa from 1992                
          through 1996.                                                               
               On June 17, 1997, petitioner entered into a breeding                   
          contract with Bishop Lane Farm to have Borissa bred to Bishop               
          Lane Farm’s stallions.8  Borissa was in foal in 1997, but her               
          foal died at birth in 1998.  Upon the advice of Thomas Hoyme,               
          D.V.M., Borissa was not rebred in 1998.                                     
               In 1999, petitioner sent Borissa to an equine breeding                 
          facility operated by Richard K. Tramp, D.V.M., for the purpose of           
          breeding Borissa by use of shipped cooled semen. Despite this               
          attempt, Borissa did not conceive in 1999.                                  
               In 2000, petitioner bred Borissa to Concensus, a stallion              
          from Bishop Lane Farm.  As a result, Borissa produced a filly               
          named Censuous on March 20, 2001.                                           
               In 2001, petitioner sold Bogaz for $20,000.  On December 4,            
          2001, petitioner deposited a $20,000 check received on the sale             
          into the California Bank and Trust account described above.                 

               7  A “colt” is a male horse, not castrated, 3 years old or             
          younger.                                                                    
               8  A “stallion” is an adult male horse which has not been              
          castrated.                                                                  





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