By making enrollment to the BIF [BRN4D Incentive Fund], I hereby agree to abide by any and all rules and conditions as set for this program, or the changes thereof, as are deemed necessary by BIF. All parties (owners & riders) involved in the BIF are responsible for the conditions and fully understanding their content. BIF assumes no liability to those who have not read the conditions and having not read these conditions they are still held to their contents. No refunds will be given for any reason. If payment deadlines are not made, the stallion will be dropped from the program. If the events program is canceled, all undistributed fees, excluding interest, will be refunded.