I really like the font and the name layout on both of these. The horse's mane on #36 is a little rough - would look better if it was more flowing. The imagery is great with the heads forming the heart. I also like #37, but the image may be a bit too abstract for our target audience.
I really like the new colors on #39 but also like the reverse mane on #40. They are both equally great - if we select yours, we would probably just work with the colors a bit. We will be making a decision at our board meeting tonight. Thanks for the quick revisions