| Deferred Payments | |||||||
| Date Deferred | Reference Invoice(s) | Principal Deferred | Interest Rate (APR) | Months | Target Payment Date | Total Interest | Total Due |
|---|---|---|---|---|---|---|---|
| 7/30/25 | Unpaid Travel 2024-2025 | $17,519.56 | 6% | 10 | 5/31/26 | $895.95 | $18,415.51 |
| 8/30/25 | Services & Deliverables Aug 2025 | $212,692.52 | 6% | 9 | 5/31/26 | $9,764.84 | $222,457.36 |
| 9/30/25 | Services & Deliverables Sept 2025 | $193,275.10 | 6% | 8 | 5/31/26 | $7,867.66 | $201,142.76 |
| $- | $- | ||||||
| $- | $- | ||||||
| $- | $- | ||||||
| $- | $- | ||||||
| $- | $- | ||||||
| Totals | $423,487.18 | $18,528.45 | $442,015.63 | ||||
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 Second Party – Contractor
Date. 10/23/2025 Printed Name. Aaron D. Traphagen
Second Party – Contractor
Signature.
Printed Name. Aaron D. Traphagen
Title. President & COO
Date. 10/23/2025