This Stakeholder Agreement, dated October 25, 2022 ("Agreement"), is between Kentucky State University located at 400 East Main Street, Frankfort, KY and the University of Kentucky Research Foundation, located at 109 Kinkead Hall Lexington, KY 40506-0057 on behalf of the Kentucky Small Business Development Center State Office ("KSBDC"), located at 330 East Main Street, Suite 210, Lexington, KY 40507 (collectively, the "Parties").

WHEREAS, The KSBDC received funding from the U.S. Small Business Administration ("SBA") Office of Small Business Development Centers to support consulting and training services for small businesses in Kentucky ("SBA Funding"); and

WHEREAS, The Parties believe that business coaching helps advance the parties' mutual goal to provide valuable economic development assistance services to existing businesses and entrepreneurs in Kentucky; and

WHEREAS, The Parties desire to enter into an agreement to utilize a portion of the SBA Funding to engage one full-time KSBDC business coach to provide coaching, consulting, advising, counseling and training services to start-up businesses, existing businesses and entrepreneurs in an area including, but not limited to: Anderson County, Frankfort County, Henry County, Owen County, Shelby County, and Spencer County; and

WHEREAS, The Parties understand that all activities supported by the funds provided pursuant to this Agreement shall be in compliance with the KSBDC and SBA guidelines, policies and procedures; and

WHEREAS, The Parties understand and agree that the KSBDC business coach(es) would also be available to perform professional activities for Parties which are not inconsistent with the performance of services required by this Agreement;

NOW, THEREFORE the Parties agree as follows;

1.1 This Agreement shall become effective upon the date of execution by both parties and continue in effect until November 30, 2023, or until it is replaced or canceled pursuant to Article V.

2.1 KSU shall provide Cash Match support to the University of Kentucky Research Foundation, who represents KSBDC, in the amount $50,000 to support the services of KSBDC business coach(es) in the region and in support of the KSBDC statewide initiative.

2.2 Kentucky SBDC agrees to submit progress reports on a quarterly basis to KSU. All reports will be addressed to KSU, 400 East Main Street, Frankfort, KY.