| Section B: Deferred Revenue |
| Date Deferred | Reference Invoice(s) | Principal Deferred | Interest Rate (APR) | Months | Target Payment Date | Total Interest | Total Due |
|---|
| 8/30/25 | Services & Deliverables Aug 2025 | $310,000.00 | 6% | 11 | 6/30/26 | $ 17,482.71 | $327,482.71 |
| 9/30/25 | Services & Deliverables Sept 2025 | $ 50,000.00 | 6% | 10 | 6/30/26 | $ 2,557.01 | $ 52,557.01 |
| | | | | | $ - | $ - |
| | | | | | $ - | $ - |
| | | | | | $ - | $ - |
| | | | | | $ - | $ - |
| | | | | | $ - | $ - |
| Totals | $360,000.00 | | $ 20,039.71 | $380,039.71 |
By signing below, the Parties acknowledge that this Schedule C reflects the accurate statement of the Past-Due Balance and Deferred Payments owed by the University as of the Effective Date set forth above.
First Party – Kentucky State University
Signature.
Printed Name. Dr. Koffi C. Akakpo
Title. ___ President ___
Date. 10/27/2025
Second Party - Contractor
Second Party – Contractor
Signature.
Printed Name. Aaron D. Traphagen
Title. President & COO
Date. 10/27/2025