Applicant does hereby agree to abide by and be governed by all track rules at Commission-sanctioned racetracks, and the rules and regulations of the Utah Horse Commission, as Official and Regulations for Nonparimutuel Race Meets, and does hereby release and discharge the Commission from liability, if any to me by virtue of its approval of this personal injury or property damage sustained by me from participation therein. ("undersigned", if not the owner of the participating horse, is the trainer, or other presumed represented owner, and is binding the owner to the following recitation.) UNDERSIGNED ASSUMES ALL FINANCIAL RISK OF ENTRY. Undersigned acknowledges that, as a condition of granting ten race meets, Utah Horse Racing Commission disclaims responsibility for payment of purses, or any funds, including horsemen's money. According, undersigned hereby discharges Utah Horse Racing Commission, its officers, employees, agents, and representatives, from any liability for such items. The Utah Horse Racing Commission reserves the right to cancel this license application at any time.