I hereby understand and accept the terms of this grant award, as specified in my award letter that was provided to me. Further, I understand the following:

(a) My award is only for the current academic year, unless otherwise stated in my award letter;
(b) I will use my funds for the intended purposes in outlined in my answer to the question: "How will this grant be used?"
(c) If I do not meet the requirements explained to me in my award letter, I forfeit any unpaid payments.