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I, James Randi, through the JREF, will pay US$1,000,000 [One Million Dollars/US] to any person who can demonstrate any psychic, supernatural or paranormal ability under satisfactory observing conditions. Such demonstration must take place under the following rules and limitations:

1. This is the primary and most important of these rules: Applicant must state clearly in advance, and applicant and JREF will agree upon, what powers and/or abilities will be demonstrated, the limits of the proposed demonstration (so far as time, location and other variables are concerned) and what will constitute both a positive and a negative result.

2. Only an actual performance of the stated nature and scope, within the agreed-upon limits, will be accepted. Anecdotal accounts or records of previous events are not accepted nor considered.

3. We will consult competent statisticians when an evaluation of the experimental design, is required. We have no interest in theories nor explanations of how the claimed powers might work; if an applicant provides us with such material, it will be ignored and discarded.

4. Applicant agrees that all data (photographic, recorded, written, etc.) gathered as a result of the setup, the protocol, and the actual testing, may be used freely by the JREF.

5. After an agreement is reached on the protocol, no part of the testing procedure may be changed in any way without the further agreement – in writing – of all parties concerned. JR may or may not be present at some preliminary or some formal tests, but he will not interact with the materials used, nor with the protocol, unless specifically requested to do so by the applicant.

6. In all cases, applicant will be required to perform a preliminary test either before an appointed representative, if distance and time dictate that need, or in a location where a member or representative of the JREF staff can attend. This preliminary test is to determine if the applicant is likely to perform as promised during a formal test, using the agreed-upon protocol. To date, no applicant has passed the preliminary test, and this has eliminated the need for formal testing in those cases. There is no limit on the number of times an applicant may re-apply, but re-application can take place only after 12 months have elapsed since the completion of the preliminary test.

7. All of the applicant's expenses such as transportation, accommodation, materials, assistants, and/or all other costs for any persons or procedures incurred in pursuit of the reward, are the sole responsibility of the applicant. Neither the JREF nor JR will bear any of the costs.

8. When entering into this challenge, as far as this may be done by established legal statutes, the applicant surrenders any and all rights to legal action against Mr. Randi, and/or against any persons peripherally involved, and/or against the James Randi Educational Foundation. This applies to injury, and/or accident, and/or any other damage of a physical and/or emotional nature, and/or financial and/or professional loss, and/or damage of any kind. However, this rule in no way affects the awarding of the prize, once it is properly won in accord with the protocol.

9. At the formal test, in advance, an independent person will be placed in charge of a personal check from James Randi for US$10,000. In the event that the claimant is successful under the agreed-upon terms and conditions, that check shall be immediately surrendered to the claimant, and within ten days the James Randi Educational Foundation will pay to the claimant the remainder of the reward, for a total of US$1,000,000. One million dollars in negotiable bonds is held by an investment firm in New York, in the "James Randi Educational Foundation Prize Account" as surety for the prize funds. Validation of this account and its current status may be obtained by contacting the Foundation by telephone, fax, or e-mail.

10. Copies of this form are available free of charge to any qualified person who requests it, or it can be downloaded from the Internet, at http://www.randi.org/research/Challenge_Application.pdf.

11. This offer is made by James Randi through the JREF, on the behalf of no other person, agency or organization. Although others may become involved in the examination of claims and may add their reward money to the total in certain circumstances, James Randi (via the JREF) will carry out the implementation and management of the challenge. JREF will not entertain any demand that the prize money be deposited in escrow, displayed in cash, or otherwise produced in advance of the test being performed.

12. This offer is not open to any and all persons. Before being considered as an applicant, the person applying must satisfy two conditions: First, he/she must have a “media presence,” which means having been published, written about, or known to the media in regard to his/her claimed abilities or powers. This can be established by producing articles, videos, books, or other published material that specifically addresses the person’s abilities. Second, he/she must produce at least one signed document from an academic who has witnessed the powers or abilities of the person, and will validate that these powers or abilities have been verified.

13. An applicant can be from or in any part of the world, and gender, age, race, and educational background are not factors for acceptance.

14. This prize will continue to be offered until it is awarded.

15. EVERY APPLICANT MUST AGREE UPON WHAT WILL CONSTITUTE A CONCLUSION THAT, ON THE OCCASION OF THE PRELIMINARY OR THE FORMAL TEST, HE OR SHE DID OR DID NOT DEMONSTRATE THE CLAIMED ABILITY OR POWER.