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Payment Schedule <br />This schedule represents the fixed -price professional services investment for the design, development, coding, <br />testing, and implementation of the requested modification described in the Statement of Work. This investment will <br />be paid in installments based on the milestones identified in the following payment schedule. <br />Payment <br />Number <br />Milestones <br />Payment Amount <br />1 <br />100% of License Fees due on contract signature <br />$10,000.00 <br />2 <br />100% of Project Initiation Phase Due on Phase Start <br />$3.872.00 <br />3 <br />100% of Analyze and Design Phase Due on Phase Start <br />$7,744.00 <br />4 <br />100% of Development Phase Due on Phase Start <br />$17,424.00 <br />5 <br />100% of Testing Phase Due on Phase Start <br />$5,808.00 <br />6 <br />100% of Deployment PhaseDue on Phase Start <br />$1,936.00 <br />7 <br />100% of Transition Phase Due on Phase Start <br />$1,936.00 <br />8 <br />Annual Support and Maintenance Due 30 days after Go -Live (*) <br />$5,000.00 <br />Payment Milestones Totals <br />$53,720.00 <br />" Annual Support and Maintenance Fee will be prorated from Go -Live until the next Annual Renewal Period. <br />