All bids and offers to purchase shall be treated as offers made upon the following Conditions of Sale and all persons attending the Sale or bidding at the

Sale shall be deemed to have been given notice of such Conditions of Sale.

1. INTERPRETATION – DEFINITIONS

1.1. In these Conditions:

“Auctioneer” means (the selling Agent at each Sale) and includes its officers

and agents.

“Purchaser” means the person or corporation to whom any Lot is sold as referred to in Condition 2.

“Vendor” means the person or corporation on whose behalf any Lot is sold

by the Auctioneer and where more than one, shall mean each severally and

any two or more jointly.

“Promoter” means a third party (if any), identified in the Sale catalogue or

other documentation issued in respect of the Sale as the promoter or sponsor of the Sale or of a closed race series or incentive race series in association with which the Sale is conducted.

“Series Race” means a closed race series or incentive race series (if any)

identified in the Sale catalogue or other documentation issued in respect of

the Sale.

“Lot” or “horse” includes gelding, colt and filly.

“Colt” includes rig or cryptorchid, namely male animals in which one or both

testes have not descended into the scrotum from the abdomen, however, it

is the responsibility of the Vendor to have the Auctioneer announce that the

“colt” is a rig or cryptorchid if that be so.

1.2. Where the Purchaser of any Lot comprises more than one person or corporation, these Conditions shall bind each such person or corporation severally and any two or more of such persons or corporations jointly.

1.3. Where any Lot is purchased by a person as an agent for a principal,

whether disclosed or undisclosed, such agent shall, without prejudice to the

principal’s obligations pursuant to these Conditions, be personally bound to

purchase the Lot for the price accepted by the Auctioneer upon these Conditions and the term “Purchaser” shall be construed to mean each of the agent

and the principal severally and both the agent and the principal jointly.

2. CONDITIONS OF ENTRY

2.1. No horse will be accepted for entry in the Sale unless such horse has

been Freeze Branded and DNA Genotyped or otherwise identified confirming

its parentage to the satisfaction of the controlling authority of the place in

which the Sale is conducted.

3. UPSET PRICE

3.1. The upset price will be considered the standard reserve price and will

be set at $4,000.

Any lot entering the ring that does not attract a bid or meet the upset price

will be classified as a vendor buyback for the upset price. A $500 (+GST)

flat fee will be payable.

4. COMMISSION

4.1. Vendors may disclose a reserve in lieu of the upset price to the Auctioneer.

There will be a commission rate of 10% + GST on all Lots entering the Sale

Ring that achieve either the upset price or disclosed reserve or the Sale

Price

If the Vendor chooses to stand with the Auctioneer and authorise the Sale

of their Lot below the Disclosed Reserve, the agreed sale price becomes the

new Disclosed Reserve and the applicable commission will be 10% + GST.

Where a reserve price is disclosed and it is not achieved there will be a flat

fee of 10% (+GST) of the amount of the purchase at the fall of the hammer.

5. CATALOGUING FEE

5.1. The Cataloguing Fee for the Sale is $110 (including GST). In the event

that a vendor elects to withdraw a horse or horses from sale, the Cataloguing Fee is non-refundable, irrespective of whether the withdrawal takes

place before or after the catalogue goes to press.

5.2. There is no commission payable on the Cataloguing Fee.

6. CONDUCT OF SALE

6.1. The Vendor may bid personally or through an agent during the sale of

each respective lot.

6.2. The highest bidder shall be the Purchaser, but should any dispute arise

the Lot shall be immediately put up for Sale at the last undisputed bid or

the dispute may be determined by the Auctioneer, whose decision shall be

final and binding.

6.3. The Auctioneer shall have the right and absolute discretion to:

• determine who the Purchaser is;

• settle any dispute in such manner as it thinks fit;

• withdraw any Lot before or during the Sale;

• advance the bidding as it thinks fit;

• exclude any persons from the Sale Venue; or

• refuse to acknowledge any bid without giving any reason therefore, and

the Auctioneer’s decision shall be final and binding upon all persons;

• bid as an Agent on behalf of a principal.

6.4. Any vendor with a lot passed in at auction may notify staff at the Ad-

ministration Office of their willingness to negotiate on a Sale.

These lots will be written up on a whiteboard located in a prominent area

along with their desired Sale Price for potential purchasers to view.

Any Sales successfully negotiated on the day must be immediately reported

to staff at the Administration Office and will be processed as Sold lots, with

2021 Silver Salver Sales Committee handling the processing and distribution

of funds.

Silver Salver Sales Committee takes no responsibility over disputes relating to

any Sales negotiated post-auction and not notified immediately to the Auctioneer.

7. VENDOR’S OBLIGATIONS

7.1. The Vendor shall be responsible for the accuracy of any statement, description or particular relating to the horse contained in the Sale Catalogue

and shall notify the Selling Agent or Auctioneer of any error, omission or inaccuracy prior to the Sale of the particular Lot.

7.2. The Vendor shall, before the Sale, provide each horse with a proper and

secure headstall which shall remain the property of the Vendor. No horse

shall be permitted to enter the Sale Ring unless equipped with such headstall

and rearing bit.

7.3. Upon delivery of the horse to the buyer the Selling Agent shall provide

the horse with a suitable headstall which shall remain the property of the

buyer.

7.4. The Vendor guarantees that any horse offered for sale:

• will not be in foal unless so stated in the Sale Catalogue or by the Auctioneer prior to the Auction of that particular lot;

• is correctly sexed; and

• the horse’s identity is genuine.

7.5. Each horse shall be at the Vendor’s risk as to damage or injury whether

by disease, accident or otherwise form the time of delivery to the Selling

Agent until the horse has been sold when the risk shall pass to the buyer.

7.6. The Vendor warrants that the horse

• is not broken in and is generally only educated to be handled;

• has no known bone fractures or chips affecting racing soundness;

• is not suffering from founder; and

• has never been nerved.

Any horse offered contrary to this warranty, if its condition is not announced

by the Auctioneer from the Stand or published in the Sale Catalogue may, at

the discretion of the Selling Agent, be returned to the Vendor and the purchase price refunded to the buyer.

7.7. In the case of a return of the horse to the Vendor, as in the preceding

condition, the Vendor shall be responsible for and shall pay all proper expenses incurred by the Selling Agent and the buyer for the care, feeding and

transport of the horse from that fall of the hammer until its return to the Vendor.

7.8. Transfer Forms for each horse must be furnished to the Selling Agent by

the Vendor fully executed for transfer before the commencement of each

individual sale. The Selling Agent will withhold from the Vendor settlement of

the proceeds of Sale until the Transfer Form has been so delivered to the

Selling Agent.

7.9. The Vendor shall closely clip the area of the horse’s freeze brand to

enable the horse’s brand to be easily read by the Inspecting Official or any

other person and shall pay to the Selling Agent any inspection fee charged

by or payable to the Inspecting Official. The inspection fee may be deducted by the Selling Agent from the proceeds of sale when accounting to the

Vendor.

8. RISK AND EXPENSE

8.1. Upon the fall of the hammer each Lot shall be at the risk and expense

of the Purchaser and the Purchaser shall indemnify the Auctioneer in respect of and pay to the Auctioneer on demand all losses, damages, costs

and expenses incurred or suffered by the Auctioneer in respect of the Lot

while the Lot is at the Purchaser’s risk and expense.

8.2. Prior to the fall of the hammer each Lot shall be at the risk and expense in all respects of the Vendor, and the Vendor shall indemnify the Auctioneer in respect of payment to the Auctioneer on demand for all losses,

damages, costs and expenses incurred or suffered by the Auctioneer in respect of the Lot while the Lot is at the Vendor’s risk and expense.

8.3. Notwithstanding any other provisions hereof, the Auctioneer shall not

be liable for any damage, loss or injury occurring to any Lot or to any person or property caused by any Lot, whether caused by disease, accident,

the negligence of the Auctioneer or otherwise and whether the Lot shall be

in the custody, control or possession of the Auctioneer or otherwise.

8.4. Any Lot not sold, or in respect of which any Sale is subsequently terminated, shall remain at or revert to the risk and expense in all respects of the

Vendor who shall arrange for the removal of the Lot immediately following

the Sale.

9. INSPECTION AND EXAMINATION

9.1. All Lots may be inspected at reasonable times prior to Sale. Prior to

Sale, a prospective Purchaser may arrange for a veterinary examination of a

Lot with the Vendor. Such examination shall be carried out in the privacy of

a stable and may not be carried out in the Sale Ring or within the public

view. The cost of this examination shall be paid by the prospective Purchaser, solely to whom the veterinarian should make his report. The Auctioneer

or Vendor may refuse examination.

9.2. Subject to Condition 19, the Purchaser assumes all consequences and

risk arising from failure to carry out an inspection or to seek an examination

of a Lot.

9.3. Silver Salver Sales committee have the right to refuse entry to any

yearling deemed to be inadequately prepared for sale.

9.4. Silver Salver Sales committee will provide a suitably experienced and

qualified handler to parade the yearling for sale if required. The vendor is

responsible for advising the Auctioneer that they require the use of a handler and accept that the Auctioneer shall incur no responsibility of any loss

or damage whilst the yearling is in the care of the handler. No cost will be

incurred by the Vendor for the provision of this service.

10. PURCHASE AND PAYMENT

10.1. On the fall of the hammer the Purchaser shall give his Bidder Registration Number, name and address and the name and address of the principal

for whom he bids (if applicable) to the Auctioneer and shall immediately

complete, sign and hand to the Auctioneer an acknowledgement of his purchase in such form as shall be required by the Auctioneer and provide to the

Auctioneer any such other information in respect of the purchase as the

Auctioneer may reasonably require.

10.2. Subject to Condition 11, the full purchase price shall be due and payable to the Auctioneer in Australian currency within one hour of purchase or

within such other period of time as the Auctioneer in its absolute discretion

may agree, time being the essence, notwithstanding that delivery may not

have been made.

10.3. The Auctioneer may in its absolute discretion reject payment otherwise than in cash.

10.4. The Purchaser shall pay to the Auctioneer on demand all collection

costs and expenses (including legal costs) incurred in recovering any payment from the Purchaser.

10.5. No rebate shall be allowed to any Bloodstock Agent accepting an invoice on behalf of a buyer.

11. CREDIT ARRANGEMENTS

11.1. Purchasers who require credit are to make application to Silver Salver

Stud Sales committee before the Sale.

11.2. Purchasers who enter into credit arrangements with Silver Salver Sales

committee are required to make payment within 28 days of the Sale. If they

default on said credit arrangement the selling agent has the right to enforce

the Unpaid Forfeits List rules.

12. DELIVERY

12.1. The Auctioneer shall not be obliged to deliver any Lot to the Purchaser

until:

i. the Auctioneer shall have received from the Purchaser full payment of all

monies payable by the Purchaser to the Auctioneer pursuant to these Conditions (including the purchase price for the Lot, unless the Auctioneer is satisfied that a prior credit or terms agreement in writing has been made with

the Auctioneer or Vendor) or any other agreement, oral or written, entered

into between the Auctioneer or Vendor and the Purchaser, and until all bills

or exchange tendered in payment have been honoured;

ii. the Purchaser shall have completed signed and delivered to the Auctioneer a delivery slip in such form as shall be required by the Auctioneer;

iii. the Purchaser shall have complied to the satisfaction of the Auctioneer,

with all his other obligations in respect of insurance of the Lot pursuant to

Condition 14;

iv. where the Purchaser requires the Lot to be delivered to his agent, the

Auctioneer has received a written direction from the Purchaser directing the

Auctioneer to deliver the Lot to such Agent providing that nothing in this

Condition shall oblige the Auctioneer to obtain such written authority from

an Agent prior to delivering any Lot to such Agent; and

v. the Purchaser shall remove his Lot from the Sale venue within four (4)

hours of the Purchaser receiving delivery of the Lot. The Purchaser shall

ensure that the Auctioneer has firstly checked and confirmed the identity of

the Lot prior to its removal.

13. INSURANCE

13.1. Where the Auctioneer agrees to deliver any Lot to the Purchaser prior

to the Auctioneer receiving from the Purchaser the full purchase price for

the Lot, or on the basis of any credit terms agreement made between the

Auctioneer and the Purchaser or the Vendor and the Purchaser whether before or after the Sale, the Purchaser shall effect and maintain until such

time as the Auctioneer shall have received all monies payable in respect of

the Lot or repayable by the Purchaser pursuant to any credit agreement

entered into in respect of the purchase of the Lot, at the Purchaser’s cost

and expense, insurance satisfactory to the Auctioneer in respect to the damage, injury or death of the Lot from any cause whatsoever and shall ensure

that the policy of insurance bears an endorsement as may, in the opinion of

the Auctioneer, be necessary to transfer to the Auctioneer and/or the Vendor all the Purchaser’s interest under such insurance absolutely.

14. TITLE OF LOTS

14.1. Notwithstanding any express or implied provisions hereof to the contrary and notwithstanding that delivery of any Lot may have been or possession obtained, title in a Lot shall not pass to the Purchaser until all monies payable by the Purchaser to the Auctioneer pursuant to these Conditions

of Sale in respect of the Lot shall have been received by the Auctioneer and

all bills of exchange tendered in payment of such monies have been honoured.

14.2. Where delivery of any Lot is made to the Purchaser prior to title in the

Lot passing to the Purchaser pursuant to these Conditions of Sale, the Purchaser shall hold the Lot as bailee only and shall not deal with the Lot in any

manner inconsistent with the reasonable directions which may be given

from time to time by the Vendor and/or the Auctioneer.

14.3. Until title of the horse has passed, the Purchaser shall not exercise or

purport to exercise any rights of ownership or possession including, without

limitation, registering or racing the horse.

15. DEFAULT BY PURCHASER

15.1. In the event that the Purchaser breaches any of these conditions and

fails to remedy such breach within reasonable time after receiving written

notice from the Vendor or Auctioneer requiring such breach to be remedied,

or all monies payable by the Purchaser to the Auctioneer pursuant to these

Conditions shall not have been paid and liquidated by the due date for payment thereof, or where the Auctioneer has, in its discretion, agreed to an

extension of the date for payment (in which event time shall be of the essence in respect of such extended date) and the same shall not have been

paid and liquidated by such extended date, the Auctioneer or the Vendor

may at any time without prejudice to any other rights or remedies which the

Auctioneer or Vendor may have at law or in equity and without notice to the

Purchaser:-

i. terminate the Sale of the Lot; and/or

ii. immediately retake possession of the Lot and for that purpose the Purchaser hereby irrevocably grants to the Auctioneer and/or Vendor full leave

and licence to enter into or upon any premises controlled by the Purchaser

upon which the Lot may be or may reasonably be believed to be situated and

to use any reasonable force as may be necessary for the purpose of repossessing the Lot, or as agent of the Purchaser to enter upon any other premises upon which the Vendor may enter for the purpose or repossessing the

Lot, without notice to the Purchaser and without liability to the Purchaser or

any person claiming under the Purchaser; and/or

iii. resell the Lot by auction or private Sale at the risk and expense of the Purchaser and if upon such resale a lower price is obtained than that for which

the Purchaser had agreed to buy the Lot, the Auctioneer or Vendor may recover the difference from the Purchaser as a debt due on demand together

with interest from the date of Sale to the date of payment; and/or

iv. exercise such other rights and remedies as the Vendor or Auctioneer may

have against the Purchaser in respect of the Purchaser’s default including,

without limitation, recovering from the Purchaser all costs and expenses incurred in repossessing or attempting to repossess the Lot together with interest thereon and recovering from the Purchaser any expense of Sale, re-Sale,

livery, and agistment and Auctioneer commission so incurred; and/or

v. retain any deposit or part payment to the extent of twenty five percent

(25%) of the purchase price for the benefit of the Vendor.

16. RIGHTS AND LIABILITIES OF AUCTIONEER

16.1. The Auctioneer is selling any Lot at the Sale as agent for the Vendor

whose name is disclosed in the Sales catalogue in respect of the Lot. Further, particulars of the Vendor of any Lot shall be furnished by the Auctioneer

immediately upon request. Except, as otherwise expressly provided to the

contrary, the Auctioneer has no liability or rights as principal in the capacity

of a Vendor.

16.2. In the event of any dispute including without limitation, as to defects in

title, misdescription, pedigree, condition or otherwise, the Purchaser and the

Vendor shall settle the matter between themselves and the Purchaser shall

have no rights against nor return any Lot to the Auctioneer which acts in respect of the Sale as agent for the disclosed Vendor.

16.3. Notwithstanding any representation or action by the Auctioneer which

may indicate the contrary, the Auctioneer shall be under no liability to the

Vendor in respect of the Purchaser’s failure to complete his purchase in ac-

cordance with these Conditions of Sale.

16.4. If the Auctioneer accounts to the Vendor for the purchase price or the

balance of the purchase price owed to the Vendor less any monies owed by

the Vendor to the Auctioneer, before the purchase price and other amounts

payable by the Purchaser have been paid, title to the Lot shall thereupon

pass to the Auctioneer, and the Auctioneer shall have the right and remedies

under these Conditions as if it were the Vendor.

16.5. The description of all Lots has been provided by the Vendors, and the

Auctioneer shall not be liable or responsible for any error whatsoever in the

description of the Lot.

16.6. The rights and remedies of the Auctioneer under these Conditions shall

not be affected by reason of the selling commission and charges of the Auctioneer having been deducted by the Auctioneer from any payment made by

the Auctioneer to the Vendor. As between the Purchaser and the Auctioneer,

the Purchaser waives all rights of set off, if any, the Purchaser may have

against the Vendor as between the Purchaser and the Vendor.

16.7. The Auctioneer or its servants may sign the Sale Book or any Memorandum of Sale on behalf of either the Vendor or the Purchaser or both.

16.8. The Auctioneer reserves all rights to use or publish details of biddings,

the identity of the Vendor and the Purchaser and all matters related to the

sale of any Lot as it thinks fit.

16.9. The Selling Agent shall pay to the Vendor the net proceeds of Sale upon the expiration of twenty eight (28) days following the date of sale, provided always that payment shall not be made until:-

i. payment of the purchase price has been made by the Purchaser in full;

ii. delivery of the horse has been taken by the Purchaser;

iii. all registration documents have been completed, signed and delivered to

Silver Salver Stud Sales committee; and

iv. transfer of ownership has been fully effected.

16.10. Vendors have the right to more than one bid.

17. CONDITIONS AND WARRANTIES

17.1. Other than for any express conditions, warranties or representations

included herein, or as may be implied by Federal or State legislation and

which may not be excluded by agreement:

i. all conditions, warranties and representations in respect of a Lot or a Sale

are hereby excluded;

ii. no condition, warranty or representations is given or implied or any be inferred from any affirmation made at or before the Sale or any of the circumstances of the Sale; and

iii. the Purchaser acknowledges that, in making any purchase, he is relying

solely on his own enquiries and inspection, and that he has not relied or been

induced by any statement or representation made by the Vendor or the Auctioneer or by any person purporting to act on their behalf.

18. ROARERS, WINDSUCKERS, WOBBLERS, IMPARED VISION,

CRYPTHORCHID (RIG)

18.1. For the purpose of this Condition: “Windsucker” shall mean a Lot

which suffers from the vice of noisily drawing in and swallowing air through

its mouth; “Wobbler” shall mean a Lot which stands or moves unsteadily or

with uncertain direction; “Roarer” shall mean a Lot which suffers from a

disease causing it to make a loud noise when breathing under exertion;

“Impaired Vision” refers to impaired sight in one or both eyes. “Cyptorchid

(Rig)” shall mean a colt in which one or both testes have not descended

into the scrotum from the abdomen.

18.2. Should any Lot be a Windsucker, Wobbler, Roarer or Cryptorchid (Rig)

or to the knowledge of the Vendor have shown any symptoms of being so,

the Vendor shall disclose such fact to the Auctioneer to enable the Auctioneer to disclose such fact to prospective bidders. Any horse that has impaired vision or has been the subject of any procedure specifically referred

to under the Australian Rules of Harness Racing which precludes it from

racing will NOT knowingly be offered for Sale.

18.3. In the event that any Lot proves within seven (7) days after the Sale

to be a Windsucker, Wobbler, Roarer or Cryptorchid (Rig), or to have been

sold with impaired vision or having been the subjected to a procedure referred to under the Australian Rules of Harness Racing which would preclude it from racing and;

i. the Purchaser produces to the Auctioneer or Vendor prior written certification obtained at the cost of the Purchaser that the Lot is a Windsucker,

Wobbler, Roarer or Cryptorchid (Rig) or has impaired vision or been subjected to a procedure referred to under the Australian Rules of Harness

Racing which would preclude it from racing, as the case may be, signed by

an independent Veterinarian nominated by the Auctioneer; and

ii. the Auctioneer or Vendor did not disclose at the Sale that the Lot was or

showed symptoms of being a Windsucker, Wobbler, Roarer or Cryptorchid

(Rig) or having impaired vision or been subjected to a procedure referred to

under the Australian Rules of Harness Racing which would preclude it from

racing , as the case may be, the Purchaser may terminate his purchase of

the Lot by giving the Auctioneer written notice of termination within seven

(7) days after the date of Sale provided that the Purchaser shall upon termination at their own cost and expense, return the Lot to the address of the

Vendor specified in the Sales catalogue. The decision of the independent

Veterinarian nominated by the Auctioneer, shall be final and binding on all

parties.

18.4 Where the Purchaser terminates his purchase and returns the Lot to

the Vendor pursuant to Condition 18.3, he shall be entitled to a refund from

the Vendor of all purchase monies paid in respect of the Lot and upon receiving same shall have no further claim against the Auctioneer or Vendor.

19. UPPER RESPIRATORY LARYNGOSCOPIC EVALUATION

19.1. Notwithstanding any other provision of these Conditions of Sale and

notwithstanding any prior custom and usage of the trade, horses which are

sold in this Sale may be subject to a post-Sale upper respiratory laryngoscopic evaluation (excluding the trachea) by a veterinary surgeon approved by the Auctioneer obtained at the Purchaser’s expense prior to the

horse leaving the Auction venue on the day of the Sale.

19.2. If a veterinary surgeon, so approved, is of the opinion that the horse

has any of the following conditions:

i. laryngeal hemiplegia (complete immobility of the cartilage);

ii. rostral displacement of the palatopharyngeal arch;

iii. epiglottic entrapment;

iv. permanent dorsal displacement of the soft palate;

v. severe arytenoid chondritis or chandroma; or

vi. subepiglottic cyst(s)

and this/these condition(s) have not been announced prior to the horse

being offered for Sale, then the Purchaser may cancel the Sale.

19.3. Any Purchaser who wishes to have a post-Sale upper respiratory

laryngoscopic evaluation, as above, is advised that this examination must

be conducted by the veterinary surgeon, so approved, prior to the horse

being removed from the Auctioneer’s complex.

19.4. The Auctioneer reserves the right to obtain a confirmatory opinion

by a panel of not more than three (3) veterinary surgeons appointed by

the Auctioneer at the Purchaser’s expense, before a notice of cancellation

of Sale is accepted by the Auctioneer.

20. OCCUPATIONAL HEALTH AND SAFETY

20.1. To the extent that a vendor or a purchaser or their employees or

agents may conduct any activities on the premises of the Sale venue then

that Vendor or purchaser shall be responsible, to the exclusion of the auctioneer, for establishing and observing appropriate occupational health and

safety procedures, and for complying with any relevant legislation provisions, in relation to those activities.

20.2. A vendor or purchaser conducting any actives on the premises of the

Sale Venue does so at his own risk in all respects and must indemnify the

Auctioneer in respect of any claims for personal injury or damage to property which may be made against the Auctioneer arising out of any such

activities.

21. ATTORNEY

21.1. The Vendor and the Purchaser for the purpose of enabling the Auctioneer to give full force and effect to these Conditions, each irrevocably

appoint the Auctioneer his true and lawful attorney, with full force power

in his name or in the name of the Auctioneer to do all things, to take all

such action, to sign and execute all such documents, and to give such instructions for the purpose of these Conditions as may be necessary or in

the Auctioneer’s opinion desirable, and hereby agree to ratify and affirm

anything done by the Auctioneer as such attorney.

22. MANDATORY RACE SERIES PAYMENT

22.1. All yearlings purchased from the 2021 Silver Salver SA Yearling Sale

are eligible for the Series Race subject to the mandatory payment by the

Purchaser on the day of the sale of $1100 (GST inc). For the avoidance of

doubt this payment is mandatory and will be added to the purchase price

and is due and payable in accordance with Clause 10.2

22.2 All yearlings passed in at 2021 Silver Salver SA Yearling Sale are eligible for the Series Race subject to the mandatory payment by the Vendor of

$1100(GST inc). For the avoidance of doubt this payment is mandatory and

will be added to the Commission in accordance with Clause 4.1 and the Cataloguing Fee in accordance with Clause 5.1 .

22.3 There is no Commission payable on the mandatory Series Race payment

23. SERIES RACE CONDITIONS

23.1 The following Series Race rules are conditional rules, and will be confirmed once the final acceptances for the 2022 Yearling Sale are announced

23.2 The Series Race to be held prior to than June 30, 2022.

23.3 The Series Race will carry 2 x $50,000 in total prize money, with a

minimum prize money for all runners of $1,000 before deductions. This is

subject to the 2021 Silver Salver Yearling Sale being fully subscribed.

23.4 Nominations for the Series Race will close 2 weeks prior to the Series

Race. In the event that more than 11 horses nominate for the Series Race,

heats will be run the week prior to the Series Race for a minimum advertised stake of $10,000. In the event that heats are run, the runners for the

Series Race will be determined by the finishing order of the heats

23.5 The heats will be combined sex PBD/SEX

23.5a). The Finals will be on own sex RBD.

23.6 A $1,000 acceptance fee for all runners that make the Series Race will

apply, to be deducted from prize money

23.7 The Series Race conditions are subject to change at any time

23.8 The decisions of 2021 Silver Salver Sales Committee & HRSA are final