Club Awards Agreement

When signed by Kalmbach Feeds, Inc. and the participating organization, this agreement establishes the organization’s participation in the Formula of Champions Club Rewards program. This agreement will remain in effect until terminated by either party at any time by written notice to the other party.

Under the terms of this agreement, Kalmbach Feeds, Inc. agrees to maintain a total count of proofs of purchase submitted by the organization. Upon written request by the organization, Kalmbach Feeds will pay out to the organization the dollar amount represented by the proofs of purchase for an approved event as follows:

                 • $0.25 credit for each original proof of purchase of Formula of Champions Show Feeds and Topdresses.

Submissions may be made as often as desired. Proofs of purchase must be sorted, bundled and counted and accompanied by a submission form.

The participating organization agrees to provide Kalmbach Feeds, Inc. with photos of Grand or Reserve Champion animals that participated in the Club Rewards to use in Formula of Champions promotions.

To receive funds, the organization will submit as completed Request for Funds Form to Kalmbach Feeds Inc. with a complete description of the intended use of the funds, including date and location of the event(s).

This letter shall constitute the entire agreement between Kalmbach Feeds, Inc. and the organization. No additional requirements or obligations shall be expected of either party under this agreement.