contract for blue's belly ring

since the date for this belly ring is coming up, i think there are a few conditions we should talk about. i have drafted up a contract for said belly ring and need the appropriate parties to initial next to their section.

1. blue will get the belly ring after march 2nd upon the completion of the time period for the bet.
2. blue will have exactly one month to get the belly ring but must make sure everyone is present for the belly ring experience.
2. the following parties will be responsible for paying for the belly ring: missdtm, kel, rain, gflores and jelo. others are welcomed to contribute but are not bound to this contract.
3. the belly ring must be a hello kitty ring with jewels on it chosen by the girls. the girls will be taking all suggestions into serious consideration prior to the purchase of the belly ring.
4. if blue chooses to get a second, simple belly ring, he must wear his hello kitty belly ring on special occasions. special occasions are defined as any event where 3 or more of us are present (for ex.--bdays, bbq's, happy hours, basketball games).
5. if blue does not wear the belly ring on special occasions, he will need to buy shots for everyone at the special occasion.
6. the duration of time that blue must have the belly ring is 6 months from the day he gets it. this will ensure that he will have the belly ring during the spring, summer and fall months.

all changes to this contract must be agreed and voted by the following parties: missdtm, kel, rain, gflores and jelo. any other person who pays for the ring will also receive voting privileges.

please initial the contract by march 1st.

please advise.