I understand that as soon as I pay the required deposit, Future Productions will automatically make the necessary plans for my participation in the pageant. Therefore, if I should drop out of the pageant, there will be no refund for the deposit under any circumstances. Any registration fees above the deposit are also not refundable but can be transferred to the following year's participation so long as the contestant notifies the pageant office at least 60 days prior to the start of the state pageant. The required deposit is not transferable.